You know the next general election is going to be a dirty one when old issues are brought back ad infinitum despite being repeatedly shot down.
The latest issue that is being brought back is of the Royal Malaysian Navy’s Scorpene deal. Two portals, Free Mischief Today and Malaysian Incite published a report yesterday claiming that Abdul Razak Baginda has been charged in a French court.
A quick search by a friend found no such news from AFP.
Credit to Danny Liew
I find it impossible that such a big thing never made it into a little column on the AFP portal.
Today, U-Turn Mahathir revealed that the purchase of the Scorpene was never discussed in any cabinet meeting. It was reported again by Malaysian Incite. Perhaps the Big Chief of that portal had had too much during happy hours with Tokong.
Anyway, Mahathir can fool the youngsters like Pribumi’s Ketua Amanda, Syed Sajat. Other more matured people would know the truth.
The green light for the purchase of the Scorpene was given by the Prime Minister and Finance Minister back in 1995. I’ll leave it to you to name them. The negotiations were conducted according to defence procurement contracts procedures.
Included in this contract was the purchase of a former French Navy submarine (which is now a museum in Melaka) that would act as a training platform for Malaysian’s submariners for four years.
The final commercial committee was headed by the Secretary-General of Treasury who submitted the report of the acquisition. At this point, the Ministry of Defence was no longer involved.
For GE14, Nurul Izzah has chosen to slander the Elections Commission. The last elections she chose to slander her opponent, Raja Nong Chik.
After a four-year hiatus, Kuantan MP Fuziah Salleh is back slandering LYNAS. The LYNAS issue went quiet almost immediately after the last general elections. Expect more demonstrations in the run-up to the next elections.
Hey! After four years I am hearing the name LYNAS again!
Whatever it may be, no matter if they win more seats or are able to hold on to the states they have been holding on to since 2008, the elections, according to the monkeys at Pakatan, will only get dirtier and dirtier. The country will, to use an ANALogy that the followers of Anwar Ibrahim might understand, “be deep in shit.”
But it is nothing new. Emperor Lim Kit Siang, the de facto leader of Pakatan said that the previous general elections would be the dirtiest in history.
Everything is dirty according to Emperor Li Kit Siang
Anwar Ibrahim even went to town to claim that 40,000 foreigners, emphasising on Bangladeshis, voted in the last general elections.
Not contented, he issued a statement through PKR’s mouthpiece:
Anwar later claimed that he said no such thing
Even Anwar Ibrahim’s good friend from abroad, Azeem Ibrahim, whose homeland was split into three in 1947 into India, Pakistan and Bangladesh, joined in the circus to show his support for Anwar the Schizo.
Azeem Ibrahim also joined in the fray to condemn GE13
Don’t get me started on how they claimed that during the vote counting process, some vote counting centres experienced “blackouts” that resulted in “the victory of the Barisan Nasional.” And like monkeys getting excited at the sight of a plastic banana, the Pakatan supporters converged onto the Kelana Jaya stadium for the ‘Blackout 505’ gathering to hear more lies by Anwar Ibrahim alleging that Bangladeshi, Indonesians and Filipino voters helped Barisan Nasional win.
However, four months later DAP’s Ong Kian Ming agreed with electiosn watchdog PEMANTAU that no blackout ever occured and there was no evidence whatsoever of any foreign voters tampering with the elections process.
Ong Kian Ming agreeing with PEMANTAU’s findings that no blackout ever occured and no foreigners voted in GE13
And in an about turn, master liar Anwar said he never made claims that there were 40,000 Bangladeshis who voted during GE13.
Speaking from the butt: Mr Anus Ibrahim
And Nurul Izzah who went on a smear campaign against her opponent Raja Nong Chik which led to her victory against the very popular man decided to settle the case out of court and issued an apology to Raja Nong Chik.
Do right and fear no man, until you get caught lying and fear you might lose in court
Pakatan is trapped in its own doings. You have a “son of” who disguised himself as a Malay and now is disguising himself as a Pribumi; you have a puppet President of a party who is Malay first but instead of getting a Cina to masuk Melayu, he masuk Cina. You have the Secretary-General of a party who claims to have 10 steps to eradicate corruption but he himself was charged in court for corruption; You have a party President who admits to be just a seat-warmer for her jailed husband, wasting taxpayers’ money and voters’ time every time a by-election has to be held so her husband could contest to become a Member of Parliament.
And among themselves, they cannot agree on who is to lead the coalition. Their solution to that is to desigate three appointments which, in the real sense, has no difference whatsoever other than the spelling and how the are pronounced.
So, the reason GE14 will be another “dirtiest elections in the history of Malaysia” is simply because the monkeys in Pakatan will spew lie after lie to justify their existence, to gain sympathy, and to collect “donation” from monkeys who are stupid enough to part with their money after listening to lies disguised as “issues” that will eventually go quiet after the election is done, only to be brought back to the surface at GE15.
And these are the people who want to save Malaysia…hopefully from them.
Many may have wised up to their antics. But there will always be those who will remain as monkeys.
Kay Kiang is a Hokkien term to describe someone who acts smarter than he really is. So Lim Kit Siang is actually Lim Kay Kiang. His parting shot for Friday’s Twitter was to ask Najib Razak about an allegation that RM9.5 million was paid to Shafee Abdullah who was prosecuting for the government in Anwar Ibrahim’s Sodomy 2.0 trial.
The allegation was made by Sarawak Report which said that two payments were made by Najib Razak using 1MDB funds from an Ambank account.
I shall not comment about the status of the accounts mentioned by Lim Kay Kiang. I shall let others handle that part. This is typical shit-stirring by Lim Kay Kiang who has turned a blind eye on his son Chao Ah Beng’s corrupt practices. Chao Ah Beng, who is a quintessential Ah Beng said that he will fight to the end to clear his name has been delaying his own trial to play for more time.
What Lim Kay Kiang ought to realise is that firstly, no matter the amount that was paid to Shafee, the money could not have come from 1MDB. Even Pakatan-mouthpiece Malaysiakini said that the money had been transferred out of Malaysia the day the account that held the money was closed – 30 August 2013.
Secondly, Shafee was the prosecutor for the trial. You can pay him all the money available in Malaysia but the verdict and judgment rest on the trial judges. Therefore, what effect does paying Shafee have on the outcome of the trial?
The money that was received by the account bearing Najib Razak’s name was for UMNO. Whatever amount that was not used was transferred out of the country. I am sure that there is nothing wrong with receiving funds for political purposes, to make the country a better place. If you don’t believe me, you can ask Pony Tua who is the DAP’s chief mischief.
Perhaps Lim Kay Kiang should ask Pony Tua what he meant by “What’s wrong with foreign funding to improve democracy.”
Lim Kay Kiang can stir all the shit up if he wants to but he should also surrender his son to the nearest prison before commenting on a non-issue trying to make a rocket of a dildo.
Tokong Lim asked what is PAS still doing being part of the Selangor state government when it (PAS) has severed political cooperation with PKR.
“Wouldn’t a couple be committing aduktery if they slept together after a divorce?” he asked, probably reminded by a habit frequently repeated his Chinese-disguised-as-a-Malay officer.
I often wonder why is DAP in bed with two people whom they severely criticised when they were of no political benefit to the DAP?
But the DAP is most forgiving because Mahathir is an old mule that could still serve DAP’s purpose.
Of course DAP maintains all digital records of their leadership lambasting Mahathir because when an old mule is no longer of any use, they can kill it.
The DAP would do anything including sleeping with criminals, go against the Federal Constitution and breach laws just so it can have power.
Then in an about turn, he said that there is no need for Tokong Lim to go on leave until he has been found guilty. Otherwise, he would have to go on leave just because of baseless accusations.
Five months earlier forked-tongue Tony said that Najib Razak should resign for being implicated in the 1MDB probe.
Najib Razak has been cleared by the tripartite investigation teams of any wrongdoing regarding 1MDB and unlike ex-convict Lim Guan Eng, was never charged in court.
It is unbelievably that the DAP leadership would not know the Elections Act as well as the Federal Constitution’s articles on taking up another country’s citizenship.
But of course the DAP is in the business of duping the rakyat into believing that it is fighting for the rakyat when all they want is the power and to be in positions where they can make money out of the rakyat.
Else why should there be fundraising dinners to fund Empurau dishes and also a RM305 million never-completed study for a tunnel?
DAP is just a bed of crooks, and those who voted for them a a bunch of stupid monkeys.
Afiq M Noor, the former ASSistant Manager for Sisters In Islam (SIS) and a lawyer who once represented convicted sodomist Anwar Ibrahim claims that nowhere does Islam condemn LGBT.
He said in those days there was no consensual sodomy but only acts of aggression and rape.
He said that in Surah Al-A’raf verse 80 God specifically mentioned sodomists and not homosexuals.
I now know that straight people bugger male bungholes just to express anger and to humiliate the person because he can.
Of course he knows Arabic better than any of the scholars that have gone through the Quran for 1500 years.
This is what I call “selective quoting” of the Quran. By selecting only Verse 80 of Al-A’raf he deduced that Islam allows LGBT.
Of course if he was not being selective, he would have seen the next verse which is 81 where Allah said:
“Indeed, you approach men with desire, instead of women. Rather, you are a transgressing people.”
Desire doesn’t sound like rape or aggression with the intention to humiliate at all. It just says that the person loves to be in deep shit (pun intended).
Let us take another example from Ash-Shura verses 165 and 166:
“Do you approach males among the worlds” (165).
“And leave what your Lord has created for you as mates? But you are a people transgressing.”(166)
So these males who rape other males rape only males? But they do so with desire? And leave women folks? Does that not sound gay to you?
And in An-Naml verse 55, Allah said:
“Do you indeed approach men with desire instead of women? Rather, you are a people behaving ignorantly.”
So Allah talked about men who desire other men instead of women. And these are rapists who are out to shame other men? If they so desire, why don’t they desire to sodomise women instead?
Perhaps he is trying to find a way for people to go up his Hershey Highway, or was borne through one.
Even with PAS out of the picture, the Selangor Pakatan government holds on to the seat of the government with a simple majority.
Pakatan would be down to the last three parties in Selangor: PKR, DAP and PAN.
But this would mean the true master in Selangor which is DAP, holds the largest number of non-Malay seats in the government. They hold 14 seats while PKR has only 13 of which three are non-Malays. PAN, which lives at the mercy of DAP only has two.
It is very unlikely that PAN would go against DAP’s wishes in Selangor.
It was bad enough during Abdul Khalid Ibrahim’s time when the Malays in Selangor were stronger. DAP was the one calling the shots.
It would be interesting to see how much real power Azmin Ali would have after the Muktamar tomorrow.
Especially when there is already a marked increase in the number of Chinese voters in the Shah Alam Parliamentary constituency.
Back in September 1998, I asked a fellow ex-serviceman, a known Anwar Ibrahim supporter, of his direction when Anwar declared war on UMNO. His reply was simple but meaningful:
“You don’t burn your house down just because your family hates you. They are still family.”
When U-Turn Mahathir formed Pribumi, many expected UMNO members to dump the latter in throngs and join the former. That never happened.
Anwar’s facade in his war against Mahathir for the premier post was his “fight against nepotism and cronyism.”
Some “changes” did take place within post-Anwar UMNO. Mahathir’s son Mokhzani stepped down as the UMNO Youth’s treasurer while Mukhriz was not allowed to contest for the Youth Chief position.
As it goes in the Old Testament: “Can the Ethiopian change his skin, or a leopard its spots? Neither can you do good who are accustomed to doing evil.”
The epitome of nepotism in Pribumi is the naming of Mukhriz as its Deputy President while Mahathir, who holds the Chair, is also the de facto leader, something he failed to become in the UMNO under Najib Razak.
The first hint of problems arising in the months-old party is when Mahathir is seen going around doing roadshows with most of the pro-tem committee members including Mukhriz who is the Deputy President, while Muhyiddin Yassin who is the President appears mostly alone.
Two months after the party’s formation, Khairuddin aka Mr Botox, known as Mahathir’s chow kow or running dog left the party to “concentrate on court cases.”
Five months later, both he and Mr Empty Boxes aka Ezam, headed a party called New Gen Party and changed its name to Parti Bebas Rasuah.
Several days ago, the President of the New Gen Party, Kumaar Aaman, and its Secretary-General Mohamad Zaini Jaafar, lodged a report to the police and Registrar of Societies claiming that Ezam had stolen his party.
Barely two months after the departure of Mr Botox, a scandal erupted in Pribumi. Internal rivalry saw the exposure of steamy WhatsApp conversations screen captures between Anina Saadudin and her supposed sex partner. The exposé was done by none other than her own assistant, Haiyan Uqba.
Anina, who is a Mahathir loyalist is rumoured to be at loggerheads with the Osman sisters from Perak. Whether or not they are involved in the scheme to oust Anina is yet to be proven.
Early last month, 500 members of the party from the Rembau division quit the party en masse. According to the PPBM Chief Activist for Negeri Sembilan, Mohd Anas Sudin, he and the 500 have lost their confidence in the party leadership.
Last week, the Gabungan Ketua Cawangan Malaysia (GKCM) decided to withdraw its support for the party’s leadership. The movement claims to have 5,000 supporters.
This was followed today by the resignation from all party posts as well as the leaving of the party by one of its founding members, Kamarulazman Habibur Rahman.
Kamarulazman said that the leadership of Pribumi has their head high in the clouds and are too fixated on becoming the PM.
“Those who worked really hard for the party are now being treated as second-class citizens,” he said.
He added that his departure from Pribumi is being followed by 821 members nationwide, mostly from Negeri Sembilan.
In a feeble attempt to hide the truth, Syed Saddiq attributed Kamarulazman’s departure to “threats” from the government as he is a teacher.
If this is so, are the 1,321 former members of Pribumi teachers too?
However, when expelled from UMNO in March 2016, Kamarulazman made mention that he does not fear losing his job as a teacher for supporting the Opposition.
It’s not a secret that hundreds of teachers support the Opposition yet they are still teaching. So what excuse can Syed Saddiq give now?
Perhaps, as pointed by blogger Anotherbrickinwall, Mahathir too would leave the divided new party.
I doubt any party would take him. DAP, the favourite choice, is filled with people opposed to the idea of working with Mahathir, let alone allowing him to join.
The same goes to PKR.
Perhaps it is time for Mahathir to leave the withering flower and consider retirement from politics and join the only party that would probably make him happy.
The title above sounds like the phrase “kong ka li kong” which in Kamus Besar Bahasa Indonesia describes as untrustworthy, scheming, conspiring in an evil plot. It describes the DAP aptly.
I can imagine how majority of the voters in Penang must have felt in March 2008 when Pakatan Rakyat managed to wrestle Pulau Pinang from the clutches of BN’s Gerakan after almost 51 years. It was a hopeful change for the better. Voters then probably thought that the Barisan Nasional did not really fit into their idea of progress and prosperity a clean and efficient government might have given. They tried their luck thinking that it was worth a try to change. The candidates from the Pakatan Rakyat, too, thought that it was worth a try although they did not envisage a victory.
When they did, they had no idea how to fulfill promises that had been made to the voters. The most famous of all promises was that Kampung Buah Pala that had been in existence for decades, would remain standing. This was the promise made by Anwar Ibrahim in the run up to the 12th General Elections.
In the video below you could see Anwar Ibrahim promising the residents of Kampung Buah Pala that he would speak to the Chief Minister-designate and within two weeks, officers from the Chief Minister-designate’s office would announce themselves that Kampung Buah Pala would be saved.
And the people of Kampung Buah Pala probably fell for it and helped vote Gerakan out on the 8th March 2008. Less than three weeks later, the village that had stood for decades was bulldozed.
Anwar could also claim that the person in the video above was not him – the person may look like him, but was not him.
However, a similar promise was made by a DAP candidate by the name of Sanisvara Nethaji Rayer s/o Rajaji Rayer. Rayer promised that the village would remain a standing village should Professor Dr. P. Ramasamy (of DAP) remain in power. “As long as the Tiger of Bukit Gelugor (Karpal) represents us, I am sure no one can enter our territory,” he was quoted to have said.
Then, comes the gentrification of Pulau Pinang. The poor, be they Chinese, Malay or Indians, are being systematically removed from their traditional dwelling in the name of progress and development.
While his son has been charged in court for corrupt practices while holding the Chief Minister’s office, Emperor Lim Kit Siang is still asking for Najib Razak to resign over the 1MDB issue.
However, it is typical of DAP to NOT walk the talk.
Hopefully the voters of Penang and in other states have wised up. DAP under the Emperor and Tokong has done more than what you have accused the BN of doing in just under two terms. If you realy hate BN but want people with integrity, you should really kick the Lims out, as well as perpetual liars like Tony Pua. They are not indispensable. And they are NOT as popular in DAP as Teresa Kok paints them to be.
Think carefully! Save your island before it sinks.
Menurut Malaysiakini, daftar pemilih bagi suku ketiga 2016 yang merekodkan pertukaran alamat pemilih oleh Khaled dan anaknya Akmal Saufi ke lokasi di atas.
Daftar pemilih bagi suku berikutnya mencatatkan 12 lagi individu turut disenaraikan kepada alamat yang sama.
“Jika daftar pemilih itu diwartakan, maka akan ada 14 orang, termasuk MB dan anaknya, didaftarkan sebagai pengundi di alamat itu,” kata ADUN DAP itu.
Ia adalah antara ratusan butiran pengundi yang didakwa mencurigakan yang dikemukakan oleh Tan kepada Suruhanjaya Pilihan Raya Johor, hari ini.
Menurut Tan, alamat yang dipersoalkan ialah ibu pejabat Umno bahagian Pasir Gudang di alamat 1, Jalan Tembusu, Taman Rinting.
Lantas saya membuat pemeriksaan ringkas kerana mungkin Tan dilahirkan tidak cukup sifat dan tiada daya pemikiran untuk membuat pemeriksaan ringkas dan mudah menggunakan Internet.
Saya mendapati bahawa alamat yang konon-kononnya mencurigakan Tan itu adalah lokasi Pejabat UMNO Bahagian Pasir Gudang.
Inilah rumah kedai mencurigakan Tan Bang AngSaya akan lebih teruja sekiranya terdapat para pengundi yang berdaftar di dua lokasi pengundian berbeza yang boleh dicapai dalam masa kurang lapan jam. Ini bermakna sekiranya beliau boleh mengikis kulit jari untuk menghilangkan dakwat kekal selepas mengundi di lokasi pertama, beliau boleh pergi ke lokasi kedua mungkin di sebuah negeri berjiranan untuk mengundi kali kedua.
Saya lebih tertarik dengan suatu perkara yang pernah diajukan kepada Ambiga dan rakan-rakan sebelum Pilihanraya Umum Ke-13 pada tahun 2013 di mana dua orang pemimpin pembangkang berdaftar sebagai pengundi MENGGUNAKAN ALAMAT RUMAH SEORANG AHLI UMNO!
Seperti yang tertera dalam Tweet di atas bertarikh 16hb April 2013 (sebelum Pilihanraya Umum Ke-13), Dato Zaiful Ayu Ibrahim, anak kepada Tan Sri Dr Ibrahim bin Saad, meminta tolong Ambiga, BERSIH 2 dan Nurul Izzah menyiasat bagaimana dua orang pengundi hantu bernama Wan Azizah binti Wan Ismail dan Anwar bin Ibrahim boleh berdaftar di rumah keluarganya di Permatang Pauh sedangkan keluarganya secara keseluruhan merupakan penyokong tegar UMNO di kawasan Parlimen tersebut.
Apabila saya memeriksa senarai pengundi berdaftar terkini bertarikh 27hb September 2016, saya dapati kedua-dua pengundi hantu tersebut masih berdaftar sebagai pengundi di alamat tersebut!
Apabila mendapat sedikit kuasa menjadi ADUN, Tan berlagak seolah-olah Dewan Undangan Negeri Johor itu DAP yang punya. Teringat saya kepada suatu perumpamaan lama dalam tentera, “Seperti Red Indian mendapat senapang.” Habis kesemuanya di tembak termasuk langit.
Sekiranya Tan kurang kebangangannya, beliau akan membantu SPR mencari senarai orang yang tidak layak mengundi dan orang yang telah mati yang masih tersenarai sebagai pengundi. Setakat berdaftar di rumah kedai tidaklah seteruk orang kuat PKR dan Ketua AnusUsus Umum Pakatan berdaftar di rumah orang kuat UMNO sekurang-kurangnya untuk dua pilihanraya umum dan dua pilihanraya kecil di tempat yang sama.
Malangnya, semasa waktu bantahan untuk Rang Daftar Pemilih suku tahunan diberikan, dia tidak membantah. Kini baru beliau hendak timblkan syak wasangka.
Menurut Seksyen 9A Akta Pilihan Raya 1958, mana-mana daftar pemilih yang telah diwartakan tidak boleh dicabar di mana-mana mahkamah.
Saya yakin, contohnya di Selangor di mana Shah Alam merupakan kawasan majoriti Melayu, kini mempunyai ramai pengundi berbangsa Cina dipindahkan di situ. Saya tidak menuduh sesiapa tetapi perhatikanlah kemungkinan berlakunya pertambahan pengundi berdaftar berbangsa Cina di kawasan Setia Alam yang kini di bawah Parlimen Shah Alam, dan lihat akan penurunan jumlah pengundi berdaftar di kawasan-kawasan di mana DAP menang dengan majoriti yang besar – sebagai contoh, Parlimen Seputeh di mana majoritinya melebihi 50,000. Kemungkinan ada perpindahan kawasan mengundi bagi sebilangan mereka.
Kemungkinan juga ada 23 orang pengundi di setiap rumah kedai di situ.
Kit Siang also published a book on the BNM Forex losses scandal
Yes. The year was 1994 when Lim Kit Siang found it ultra-important to publish a book on the Bank Negara Malaysia (BNM) foreign exchange scandal that caused the loss of RM30 billion (estimated to be at RM49 billion in today’s terms).
The book is called, as you would have guessed, ‘The Bank Negara RM30 Billion Forex Losses Scandal‘.
The BNM forex scandal losses in 1991 made international headlines at the time, forcing the resignation of BNM’s governor Jaffar Hussein.
Again I should thank Kit Siang for writing all this, making it easier for me to see what he had written on the issues he raised in the past.
In 2004, Kit Siang called upon Nor Mohamed Yackop who then was sworn in as a Senator to become Finance Minister II to issue a White Paper on the matter.
“Up to now, the government has failed to “come clean” on the colossal Bank Negara forex losses as a result of speculation in the international currency markets from 1992-1994, with the losses cited as ranging from RM10 billion to RM30 billion. In Parliament in 1994, I had given reasons as to why the Bank Negara’s forex losses as a result of its forex speculation operations could have amounted to as high as RM30 billion, which had not been seriously rebutted by any top government leader or Bank Negara official,” he wrote on his blog limkitsiang.com.
In April 1991, a Reuter news agency report from London described Bank Negara as “a dominant force on the foreign exchange scene for some years” and it was accused by some forex operators as “a market bully”.
The 1991 Reuter report states:
“Over the past two years it has stepped up its trading volume, and this year it has started dealing in what dealer described as ‘really massive amounts’…
“Typically, Bank Negara operates in US$50 million lots, compared with the market norm of US$5 million or US$10 million and deals with maybe six major banks in Europe and six in New York, dealers said.
“One trader said the only dealers rivaling Bank Negara would be the Japanese funds. But while these funds enter the market no more than once or twice a year, Bank Negara is coming in and doing yards (billions) of dollars a day.
“”Its recent technique has been to hit major banks for US50 million each, then his them 10 minutes later, dealers said.
“Then it changes centre, and does it all over again.”
The April 1994 issue of Malaysian Business – one of the publications in the New Straits Times stable – reported that Bank Negara’s maximum exposure in the foreign exchange markets reached as high as RM270 billion – three times the country’s GDP and more than five times the country’s foreign reserves at the time!
Kit Siang added that some Government leaders were wise after the event, and one of them was none other than Daim Zainuddin, under whose first tenure as Finance Minister from 1984-1991 the Bank Negara’s unorthodox forex speculation started, who said on April 4, 1994 that while those responsible for the huge forex losses of Bank Negara had accounted for their mistakes by resigning, central banks should never “play with fire” with such forex speculation.
It was Kit Siang who pointed out the irony.
In 1995, a book on international high finance, ‘The Vandal’s Crown‘ by Gregory J. Millman on Page 229 had this to say about the Bank Negara forex scandal:
“Using all the resources a central bank commands – privileged information, unlimited credit, regulatory power, and more – Malaysia’s Bank Negara became the most feared trader in the currency markets. By trading for profit, Bank Negara committed apostasy against the creed of central banking. Instead of working to ensure global financial stability, Bank Negara repeatedly shoved huge sums of money into the most vulnerable market situations in order to destabilize exchange rates for its own profit” (p.226)
“(Bank) Negara operated behind a thick veil of secrecy. The bank seldom spoke publicly about its controversial trading activities. Yet it was increasingly clear to foreign exchange traders that Bank Negara’s operations in the foreign exchange markets went far beyond simple self-defense. It became the most awesome currency trader in the world.” (p. 227)
“(Bank) Negara’s market manipulation was so egregrious that one American central banker said, ‘If they tried this on any organized exchange in the world, they’d go to jail.’ However, in the unregulated international currency markets, there were neither police nor jailers. The only rule was the rough justice of the vandals, and it was this rule that eventually brought (Bank) Negara down.
“In 1992, (Bank) Negara took on a large pound sterling position, apparently expecting Britain to maintain the discipline required by the European Exchange Rate Mechanism. It was a bad economic and political judgement. (Bank) Negara lost approximately $3.6 billion when Britain withdrew from the ERM, letting sterling collapse. The next year, (Bank) Negara lost an additional $2.2 billion. By 1994, Bank Negara was technically insolvent and had to be bailed out by an infusion of fresh money from Malaysia’s finance ministry.”
Recently, Abdul Murad Khalid who was the Assistant Governor of BNM who resigned in 1999 revealed that the forex losses were in actual US Dollars and not in Malaysian Ringgit.
“There was no control… The most important thing is that there was no investigation at all,” Murad was quoted as saying by NST.
Asked if the then Prime Minister knew about the losses, he replied: “I’m sure the governor briefed them.”
Kit Siang’s silence on this issue is indeed deafening. The so-called champion of the rakyat now has his balls as wrinkled as his face is. And all to achieve his personal political ambition.
In 1993, Anwar Ibrahim who was then the Finance Minister responded on behalf of his then-master, U-Turn Mahathir, to Kit Siang’s query on some “rumours about BNM losing money gambling forex“.
Anwar said that the rumour was not true at all.
When confronted, again by Kit Siang, a year later, Anwar said “the amount is not huge.”
The above engagements can be found in the Parliament Hansard.
After Murad’s revelation we know now that the amount is actually colossal.
We also know that U-Turn Mahathir as well as Daim Zainuddin were very much in the know of the losses.
And we know that Lim Kit Siang is just another opportunist snake manipulating the issue to gain support from the rakyat but now bats no eyelid to work hand-in-hand with his sworn enemy so he could come into power.
I am pretty sure he feels pleased looking at himself in the mirror every morning knowing he had blatantly lied to the people.
You know the next general election is going to be a dirty one when old issues are brought back ad infinitum despite being repeatedly shot down.
SeaDemon Says 
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