M.V. Malaysia is a sinking ship. The conniving Captain steered it into an iceberg of a bagful of scams. The crews made up of UMNO scumbags made sure all the life-jackets are removed to ensure no passenger on board will survive.
The ship actually belongs to the central bank$ters who have been ripping the passengers right from the beginning of the death voyage.
The Bagful Of Scams
1Malaysia Development Berhad (1MDB) is a strategic development company, wholly owned by the Government of Malaysia. 1MDB was established to drive strategic initiatives for long-term economic development for the country by forging global partnerships and promoting foreign direct investment. 1MDB is currently involved several high-profile projects such as the Tun Razak Exchange, Tun Razak Exchange’s sister project Bandar Malaysia and the acquisition of three Independent Power Producers. – Wiki
The 1MDB Scandal
Unhappy over the lack of answers given by Datuk Seri Najib Razak on the 1Malaysia Development Berhad (1MDB) issue, Tun Dr Mahathir Mohamad said the government needs to set up a “totally independent commission” to investigate the debt-ridden government-owned investment company. – The Malaysian Insider
1MDB and money politics in General Election 2013 (GE13)
The Prime Minister, Genting Berhad, 1MDB and YR1M must not only be investigated by the Election Commission (EC) for committing electoral fraud as demanded by Bersih, they must be investigated by both the police and the Malaysian Anti-Corruption Commission (MACC), for possible embezzlement and misappropriation of public funds, criminal breach of trust (CBT) as well as corrupt practices. – FMT
Wall Street Journal (WSJ) report:
Scooping of Public Funds
- The Employees Provident Funds (EPF)
- The Pilgrim Funds
Lembaga Tabung Haji (LTH) CEO Tan Sri Ismee Ismail has acknowledged that depositors withdrew money from the Muslim pilgrimage fund because of a lack of confidence after its controversial land purchase from 1Malaysia Development Berhad (1MDB).
- Pensions Funds
KWAP, the country’s pension fund for civil servants, came under fire from opposition lawmakers recently over news that it planned to buy a parcel of land at the Tun Razak Exchange (TRX) financial district at RM2,300 psf. TRX is owned by 1MDB.
During the death voyage the Captain and crews robs the passenger of every penny
Corruption in MARA’s Melbourne Deal
Australian newspaper The Age reported yesterday that a high-ranking Mara official, a senior official of the government-linked company and a former politician had spent millions of government funds to buy an apartment block in Melbourne and had received kickbacks.
It said “a group of very rich Malaysians” had overpaid A$4.75 million (RM13.8 million) for the apartment block in the city. – The Malaysian Insider