What the 1MDB trial is all about

Yes, you sue your accuser to ‘prove’ your innocence. And you charge a person to ‘prove’ he/she is guilty. What happens in the end does not matter. So, Najib is guilty because he was charged and put on trial. If there is no evidence of his guilt then how can he be charged? That is what the 1MDB trial is all about: to get Najib ‘convicted’ in the court of public opinion.

THE CORRIDORS OF POWER

Raja Petra Kamarudin

One of the main factors for Barisan Nasional’s defeat in the 9th May 2018 general election a.k.a. GE14 is the 1MDB issue.

In fact, had there been a strong social media in 1995, the RM31.5 billion Bank Negara forex scandal would have toppled Barisan Nasional in the general election that year.

(In 1995, the internet was just about to take off in Malaysia and, by 1999, the number of internet subscribers was only 280,000 compared to 26 million subscribers today — which means the 1999 figure was only about 1% of the 2019 figure).

Now, we must also remember that RM31.5 billion back then is equivalent to RM61 billion today in purchasing power. So, Bank Negara’s 1991-1994 forex losses is far bigger than 1MDB. Hence if the 1MDB issue can bring down the government, so could have the Bank Negara forex scandal in the 1995 general election.

But Bank Negara’s forex scandal did not bring the government down in the 1995 general election — like what happened in the 2018 general election with regards to 1MDB. And that is mainly because in 1995 the mainstream media, international media, and social media did not play up the issue. There was no media blitz in 1992-1995 compared to 2015-2018.

READ MORE HERE: Court Throws Out Dr Mahathir’s Appeal Over Forex Losses Suit

Added to the 1MDB ‘scandal’ were two murders that Najib Tun Razak was alleged to be involved in and which were said to be linked to the 1MDB issue — the murders of Kevin Morais and Hussain Najadi. The SRC trial has proven that these allegations are lies and the murders have nothing to do with Najib. But in May 2018 many Malaysians believed the lies when they went to the polls.

So, lies, false allegations, and fake news — added to the media blitz by the mainstream media, international media, and social media — resulted in Barisan Nasional’s defeat in May 2018. And, of course, promises that Malaysia would be turned into the land of milk and honey with roads paved in gold helped somewhat.

Today, Prime Minister Tun Dr Mahathir Mohamad says that the election manifesto is not a Bible so they need not keep their election promises — and that when they made those promises they did not think they were going to win the election and hence would have to keep those promises.

Yes, reality is finally surfacing. And seeing events from May 2018 till today is like reading the script from ‘Animal Farm’ (not sure if you were forced to read that book in your Chinese and Tamil schools). This is like the French Revolution of 1789. Finally, they had to have a Second French Revolution in 1848 to solve the many problems that came with the First French Revolution of 1789.

The Chinese DAP supporters say Malaysia has two Merdeka Days. The First Merdeka was on 31st August 1957 and the Second Merdeka was on 9th May 2018. Yes, the first Malaysian ‘Revolution’ was on 9th May 2018 when Malaysia was merdeka for the second time, say the DAP Chinese.

Well, it took 59 years for the Second French Revolution to happen. It is not going to take 59 years for the Second Malaysian Revolution to explode. If elections were to be held today, the Second Malaysian Revolution would happen today, says PPBM’s political strategist.

READ HERE: PH Will Lose If GE Held Tomorrow, Claims PPBM Chief Strategist

Yes, the long and short of it is Pakatan Harapan is in trouble. So they need at least one lie and false promise to be delivered. And that is why they need to nail Najib for allegedly stealing billions from 1MDB.

Will they win their case against Najib? Will Najib eventually be sent to jail?

That does not really matter and is not of concern at the moment. They need the 1MDB trial to go on even if they cannot win. They need to tell Malaysians that if Najib is not guilty then how can he be charged and put on trial? The fact that Najib has been charged and is being tried means there is evidence he is guilty.

This is like when someone makes an allegation against you then you must sue that person. If you do not sue that person that means the allegation is true and you are guilty of what has been alleged. So you sue just to ‘prove’ your innocence. But have you noticed that in the end almost all the cases are settled out of court?

Yes, you sue your accuser to ‘prove’ your innocence. And you charge a person to ‘prove’ he/she is guilty. What happens in the end does not matter. So, Najib is guilty because he was charged and put on trial. If there is no evidence of his guilt then how can he be charged? That is what the 1MDB trial is all about: to get Najib ‘convicted’ in the court of public opinion.

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Bank Negara knew about RM31.5 billion losses in forex dealings

(NST, 29th August 2017) – The Bank Negara Malaysia’s (BNM) board of directors knew about the losses suffered by the central bank in the forex transaction between 1991 and 1994 amounting to RM31.516 billion.

Senior financial consultant Khaw Lay Kuan, 53, told the Royal Commission Inquiry (RCI) investigating BNM’s foreign exchange (forex) losses in the 1980s and 1990s that the losses suffered by BNM in forex transaction for the year 1991, 1992, 1993 and 1994 were reported and fully accounted for in BNM’s reporting.

Khaw who was the 10th witness said she knew about it based on the compilation that she prepared entitled Losses Arising From Active Reserve Management 1988-1994 dated April 18, 2007.

She was the deputy director of the bank department at that time.

In her witness statement, she said the compilation that was prepared by her after she was instructed by the Bank Negara Governor Tan Sri Zeti Akhtar Aziz, was not an audit but a compilation of past events or transactions based on records obtained from BNM.

She also said there was a due process to approve the accounting treatments adopted by the Finance department by the board of directors.

Khaw added that the accounting treatments were not done to cover-up the actual losses suffered by BNM from the year 1991 to 1993.

“After the report was submitted to the governor, I did not receive any feedback,” she said.