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Bersih: Did BN ‘steal’ GE13 with money from 1MDB?
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Malaysia Insider
Come clean on YR1M charity, DAP tells Najib
DAP today questioned if Yayasan Rakyat 1Malaysia (YR1M), a foundation chaired by Datuk Seri Najib Razak, is the prime minister’s private charity or a government-owned organisation.
The party’s national publicity secretary Tony Pua said a search with the Companies Commission of Malaysia (CCM) showed it is a company limited by guarantee, with its directors being Najib, the late Datuk Seri Azlin Alias, his chief private secretary who was killed in the helicopter crash last April, his special officer Datuk Wan Ahmad Shihab Wan Ismail and 1Malaysia Development Berhad (1MDB) chairman Tan Sri Che Lodin Wok Kamaruddin.
“It is therefore clear that YR1M is a charity fully controlled directly and indirectly by the prime minister. YR1M can be described as a ‘foundation’ whose funds could be utilised according to his whims and fancies.
“As alleged, with examples cited by the Wall Street Journal, these donations were then channel to activities related to Barisan Nasional election campaigns,” he said in a statement today.
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Bersih: Did 1MDB funds help BN steal GE13?
malaysiakini.com @malaysiakini 3 hours ago
Bersih: Did 1MDB funds help BN steal GE13? http://www.malaysiakini.com/news/302515 | https://twibble.io
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Electoral reform group Bersih today expressed shock over a Wall Street Journal (WSJ) report claiming that 1MDB’s funds was used for election campaigning through intermediaries.
“The WSJ report comes as a revolting truth of how the 13th general election was stolen from the people of Malaysia,” its steering committee said in a statement today.
Bersih said the WSJ report implied that 1MDB may have been used as a government-controlled election slush fund for Umno.
“This is totally outrageous and an abuse of power because brazen dirty tactics have been used to manipulate voters’ trust.
“It also raised the issue of whether this is just the tip of the iceberg. Are there any other government-controlled money used in similar manner?” it said.
Bersih also lay blame on the Election Commission (EC), stating that it had failed to bring necessary reforms to rein in “unfettered abuse and corruption”.
“Prime Minister Najib Razak must refute this report or resign, otherwise he loses his legitimacy to stay in power.
“We also call upon Malaysian Anti-Corruption Commission (MACC) to investigate into the WSJ report, as well as the prime minister and all those involved including top executives from the Genting Berhad Group involved in the allegations.
http://www.malaysiakini.com/news/302515
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1MDB, which has accumulated RM41.8 billion in debt, is owned by the Finance Ministry, a portfolio held by Najib.
Jun 19, 2015
WSJ: Najib used 1MDB’s funds for GE13
A Wall Street Journal (WSJ) report today claimed that 1MDB’s funds were used to bankroll Prime Minister Najib Abdul Razak’s campaign in the 13th general election.
The report said this was achieved by having 1MDB make overpriced purchase of power assets from Genting Group in 2012.
Genting then made a donation to a foundation controlled by Najib before the 13th general election and it claimed the funds were used for campaigning.
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“A few months after the sale, a unit of Genting called Genting Plantations Bhd made a donation of about US$10 million to a Najib-linked charity, according to a spokesperson for Genting Plantations,” said the report.
The foundation, WSJ said, was Yayasan Rakyat 1Malaysia, which lists Najib as chairperson on its website.
“Though set up to help underprivileged Malaysians through education and sport, this charity soon got involved in spending that appeared designed to help Najib retain power in the May 2013 election,” it said.
WSJ said the “donations” to Yayasan Rakyat 1Malaysia were then poured into the election campaign in Penang for BN’s bid to recapture the state.
“It and other charities linked to the government spent millions of dollars before the voting in Penang, a northern state that was an important election battleground.
“Najib visited Penang during the campaign and announced that Yayasan Rakyat 1Malaysia would donate RM2 million to two local schools.
“These schools serve Chinese communities that are not a poor demographic but whose support would be crucial to win votes in the area,” it said.
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Shortly after the general election, Kinibiz reported that Genting made an unexpected RM190 million in donations, believed to be related to the election.
“Analysts were puzzled that the Genting group made such a huge donation, and that too spread out over several companies, in just one quarter, significantly impacting its bottom line.
“They speculated that the so-called donations could be election-related, using charities as fronts. It is normally unthinkable that such large contributions were made to charities, Kinibiz quoted an analyst as saying.
http://www.malaysiakini.com/news/302433
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weehingthong 