by Fritz Nuremberg, Donplaypuks® intrepid correspondent for economic plundering and abuse of power affairs.
In 2011, frustrated with UN and western lack of support and inaction, former Malaysian Prime Minister Dr. Mahathir Mohamad and his Perdana Foundation launched their own War Crimes Tribunal, Crime Against Humanity and Genocide Inquiry against Bush and Blair, in Kuala Lumpur. In a macabre turn of events, X said it would appear that a group of Malaysians will convene a private inquiry in London soon, to hold the likes of Mahathir and current Malaysian Prime Minister, Najib, accountable, for, among other things, alleged gross corruption, abuse of power and economic plunder in Malaysia.
LPCICM is keen to allay suspicion and accusations that it is embarking on a witch-hunt. It is sworn to continuing its work to completion regardless of the outcome of the General Election to be held in 2013.
2. CEO's of several Public Listed Companies and Banks identified as crony-owned, and those of Government Linked Companies and Funds, such as Khazanah, PNB, Prasarna, Iskandar etc.
X had a lot more to say that I have revealed above. But dare we hope that LPCICM will become a reality? Dare we hope that a Government of thieves will be held accountable and made to pay for their contemptible misdeeds? Now it looks like, in a spooky way, Najib the pupil, may well drag his erstwhile master, Mahathir, along with all their cronies, to further ignominy and possibly, a long term behind bars! Let the wives of former chief justices, prosecutors and owners of public listed companies who so readily embrace directly negotiated sweetheart land acquisition, toll highway, construction and MRT contract deals, CEO's of public funded investment funds who suspiciously acquire dying IPP companies at fanciful premiums, let them all, the looters and plunderers, quake and tremble in fear that their day of reckoning may not far off, that in fact it may be imminent! Can they handle the truth!
Perhaps, the LPCICM inquiry might look into resolving, among numerous others, niggling questions like:
1. Why Petronas acquired 100% of KLCC (for some $4 billion?), when it is common knowledge that board and management control could have been secured with 30% equity holdings?
2. Why MAHB embarked on construction of the LCCT2 Terminal at KLIA, now rumoured to exceed the $4 billion cost they swore would not be breached, when Air Asia had planned, and has now implemented, its policy of moving its Regional HQ to Jakarta?
3. Why a former head of the SC, a prominent banker and a well-known Government Trust Company CEO were not prosecuted despite having provided sworn SD's for directorships/shareholdings in the aborted listing of a food company which had submitted misleading information to the KLSE?
4. Why a leading Telco was let off the hook by the SC when within a month after taking itsef private, it sold a material stake at a huge premium (several hundred million ringgit) to foreign investors, when their attempt to do so likewise in Indonesia attracted official intervention?
5. Why a head of a major BN political party was allowed to resign chairmanship of a Plc involved in the biggest accounting fraud ($500 million) in Malaysian history, without being charged for a single offence by the KLSE/SC e.g. negligence, breach of fiduciary, sleeping on the job etc.?
6. Why insider trading prosecution has not been initiated against the husband of a former SC head, despite public perception backed by reliable opinion from leading analysts here and in Singapore, that there was a clear breach of the law?
7. Why in the $250 million Cowgate Bangsar Condo financial fraud, no one has been charged with dispensing $2 million in bribes, while the receiver is being prosecuted? How could a PhD holding Managing Director have been deceived into signing cheques for bribes?