News

Rafizi Ramli : Why MACC Has Not Called Up Najib Over Missing RM 1.5 Billion Bank Loans

A RM1.5 billion scandal involving loans from Bank Pembangunan led to PKR deputy president Rafizi Ramli and former prime minister Najib Razak crossing swords today.

Rafizi questioned why the Malaysian Anti-Corruption Commission (MACC) has not called up Najib over the missing funds, and claimed that Najib, as the then finance minister, had approved the RM1.5 billion loans.

He said there was enough evidence in a suit filed by Bank Pembangunan last month for MACC to act against those involved.

The bank suit, filed on June 29, is against 27 people and entities, including its former president and managing director Zafer Hashim, over a RM400 million loan granted to Aries Telecoms a decade ago.

In a response on Facebook today, Najib said Rafizi was either “desperate or stupid” because the prime minister and finance minister did not approve bank loans. “Banks have their own credit committees and loan policies,” he said.

“Do I need to be probed for every fraud and losses incurred by the banks during my time as prime minister? And why didn’t Pakatan Harapan probe it then when they were in government?” he said.

According to court filings, as reported by The Edge, Bank Pembangunan is accusing the 27 defendants of conspiring and using unlawful means to defraud the bank and concealing such fraud and its proceeds.

The bank alleged that the money, which was meant to be used for an optical fibre project, was misused and “siphoned off or unjustifiably transferred” to others.

Rafizi also made reference to other loans provided by the bank. These were:

RM337 million to offshore supply vessel operator Borcos Shipping which he said became insolvent in 2017;

RM450 million to Asian Broadcasting Network for a digital cable TV network; and

RM305 million to Nautical Resort Sdn Bhd and Garuda Suci Sdn Bhd which were involved in a Langakawi hotel and convention centre project.

Bank Pembangunan is wholly owned by the government, through the Minister of Finance Incorporated.

66 Comments

66 Comments

  1. What is innovation management course?

    August 6, 2022 at 11:02 am

    Students will learn efficient management and communication abilities by way
    of case study-analysis, reading, class discussion and role-playing.

  2. Students will study strategies for creating an organizational tradition of resilience,
    together with the research-derived four pillars of the resilient group.

  3. Innovation Tools

    August 6, 2022 at 5:52 pm

    This certificate has an emphasis on diffusing innovation and design pondering.

  4. This course focuses on finance, planning and start-up
    issues that every entrepreneur must face.

  5. Scenario planning tool

    August 6, 2022 at 6:02 pm

    We hope that this booklet can encourage you
    to problem the greatest way you innovate.

  6. Scenario planning tool

    August 6, 2022 at 6:02 pm

    Agile systems engineering ensures nice products truly excel
    over time in all three areas of design, performance,
    and technical feasibility.

  7. This course will train the fundamentals of Financial Accounting,
    together with the Balance Sheet, the Income Statement,
    and the Statement of Cash Flows and Budgeting.

  8. What is innovation management course?

    August 6, 2022 at 6:02 pm

    Understand and learn to create disruption with this design pondering course.

  9. There shall be resistance to this alteration because it entails exploring adjoining or transformational alternatives the place the “rules” are unfamiliar.

  10. Innovation Management Certification

    August 6, 2022 at 6:03 pm

    Scenario planning is a priceless strategic management
    device that allows for more strong strategic planning.

  11. Innovation tools

    August 6, 2022 at 6:04 pm

    ClearPoint is strategy reporting software program that works with any framework.

  12. What is innovation management course?

    August 6, 2022 at 6:04 pm

    Meet Dr. Ryann Reynolds-McIlnay, assistant professor of promoting and merchandising administration.

  13. Deep dive into our instruments, methodology, facilitation secrets, and
    nearly join with innovation practitioners from across the globe.

  14. Innovation tools

    August 6, 2022 at 6:05 pm

    Managers now need to grasp just how essential technology and innovation may be for delivering worth
    to organizations and the marketplace.

  15. Innovation Management Certification

    August 6, 2022 at 6:07 pm

    Introduces the student to the world of small business and household business
    management.

  16. Scenario planning tool

    August 6, 2022 at 8:50 pm

    Identify and analyze future trends to tap their potential impression in the marketplace.

  17. Innovation Management Certification

    August 6, 2022 at 8:51 pm

    Although, a four-year equal collegiate instructional program is required.

  18. Innovation Certification

    August 6, 2022 at 8:52 pm

    You will also study to seize new opportunities, drive innovation, and design and
    implement a technique.

  19. Scenario planning Tool

    August 6, 2022 at 8:52 pm

    You can see more sample plans that allow you to earn this certificates in a few
    month right here.

  20. Find outwhat your emergency plan lacks, so you perceive how prepared your group is for
    an emergency.

  21. Innovation Management Certification

    August 6, 2022 at 8:53 pm

    Both sorts of tools, divergent and convergent, are used during completely different phases of innovation.

  22. What is innovation management course?

    August 6, 2022 at 8:54 pm

    I came to the MS in ETIM program because I wished to broaden my skillset and work with startups.

  23. Elisa

    August 7, 2022 at 1:21 am

    Ridiculous quest there. What happened after?
    Thanks!

  24. Cortez

    August 7, 2022 at 1:34 am

    Great delivery. Sound arguments. Keep up the amazing spirit.

  25. Denny

    August 7, 2022 at 2:52 pm

    First of all I want to say excellent blog! I had a quick question which I’d
    like to ask if you do not mind. I was curious to know how you
    center yourself and clear your thoughts prior to writing.
    I have had a difficult time clearing my mind in getting my thoughts out there.

    I truly do enjoy writing but it just seems like the first 10 to 15 minutes are wasted just
    trying to figure out how to begin. Any ideas or hints?
    Appreciate it!

  26. browse around here

    August 7, 2022 at 2:52 pm

    Way cool! Some extremely valid points! I appreciate you writing this post plus the rest of the website is really
    good.

  27. Vilma

    August 7, 2022 at 2:53 pm

    Fascinating blog! Is your theme custom made or did you download it from somewhere?

    A theme like yours with a few simple adjustements would really make my blog jump out.
    Please let me know where you got your theme. With thanks

  28. anchor

    August 7, 2022 at 3:31 pm

    Touche. Solid arguments. Keep up the good work.

  29. Christie

    August 7, 2022 at 4:09 pm

    Hi mates, how is everything, and what you would like to say
    concerning this article, in my view its genuinely awesome for me.

  30. a knockout post

    August 7, 2022 at 4:26 pm

    My spouse and I stumbled over here from a different web address and thought I may as well check things
    out. I like what I see so now i am following you.
    Look forward to exploring your web page repeatedly.

  31. Scenario planning tool

    August 9, 2022 at 10:45 am

    Explores numerous prospects that design pondering can create to make a distinction to your business.

  32. Innovation Management Certification

    August 9, 2022 at 10:49 am

    Explain and analyze contemporary points and developments in operations management of engineering corporations.

  33. This additionally helps in additional interaction between individuals from different time zones.

  34. In today’s competitive environment, Innovation professionals are becoming in demand all over the world.

  35. What is innovation management course?

    August 9, 2022 at 11:02 am

    Elevate the experience in your XaaS customers with AI-powered
    self-service and proactive care.

  36. Where other innovation management solutions take the reins, we prefer to offer
    credit to a stable foundation when it’s due.

  37. What is innovation management course?

    August 9, 2022 at 11:07 am

    The program should be accomplished within 36 months of completing the primary qualifying course.

  38. Scenario planning tool

    August 9, 2022 at 11:09 am

    Complete this kind and submit now to request an expert assessment of your capabilities.

  39. Innovation tools

    August 9, 2022 at 11:11 am

    Of innovating corporations struggle to bridge the hole between innovation strategy and business technique.

  40. Innovation tools

    August 9, 2022 at 11:15 am

    Discover proven frameworks to efficiently fill the notorious
    strategy-execution gap.

  41. Dominik

    August 9, 2022 at 11:44 pm

    Pretty! This was a really wonderful post. Many thanks for providing
    these details.

  42. breaking news

    August 10, 2022 at 12:06 am

    Hey there! This is my first visit to your blog! We are a team of volunteers and starting a new project in a community in the same niche.
    Your blog provided us valuable information to work
    on. You have done a outstanding job!

  43. Ebony

    August 10, 2022 at 12:08 am

    Do you mind if I quote a couple of your posts as long as I
    provide credit and sources back to your webpage? My blog is in the exact same area of interest as yours
    and my visitors would certainly benefit from a lot of the information you present
    here. Please let me know if this okay with you. Cheers!

  44. Lurlene

    August 10, 2022 at 12:12 am

    I like the helpful info you provide for your articles. I’ll bookmark your blog and test once more right here frequently.
    I’m reasonably certain I will be informed a lot
    of new stuff proper right here! Best of luck for the following!

  45. Deanna

    August 10, 2022 at 12:19 am

    There’s certainly a great deal to know about this topic.
    I love all the points you’ve made.

  46. how long will it take to walk 30 miles

    August 10, 2022 at 12:29 am

    Thank you for every other magnificent article.
    Where else could anyone get that kind of information in such an ideal manner of
    writing? I’ve a presentation subsequent week, and I’m at the search for such info.

  47. Dale

    August 10, 2022 at 12:43 am

    Normally I don’t learn article on blogs, but I wish to say that this write-up very pressured me to try and do so!
    Your writing style has been surprised me. Thank you, quite nice post.

  48. Rudy

    August 10, 2022 at 12:52 am

    When I initially left a comment I appear to have clicked on the -Notify me when new
    comments are added- checkbox and from now on whenever a comment
    is added I get 4 emails with the same comment. Is there an easy method you
    can remove me from that service? Thank you!

  49. Carmel

    August 10, 2022 at 12:56 am

    This article presents clear idea designed for the new visitors of blogging, that genuinely how to do blogging.

  50. Joy

    August 10, 2022 at 1:15 am

    Right here is the perfect webpage for everyone who hopes to understand this topic.
    You realize a whole lot its almost hard to argue with
    you (not that I really will need to…HaHa). You definitely put a
    fresh spin on a topic which has been discussed for decades.

    Excellent stuff, just wonderful!

  51. advice here

    August 10, 2022 at 1:38 am

    Wow, amazing weblog format! How long have you been blogging for?

    you make running a blog glance easy. The entire look of your web
    site is wonderful, let alone the content!

  52. a knockout post

    August 10, 2022 at 1:49 am

    I think this is among the most important information for me.
    And i am glad reading your article. But want to remark on few general things, The website style is perfect,
    the articles is really excellent : D. Good job, cheers

  53. Rigoberto

    August 10, 2022 at 1:56 am

    Hi there, I found your website by the use of Google even as searching for a
    related topic, your web site came up, it seems great.
    I’ve bookmarked it in my google bookmarks.
    Hi there, simply become aware of your weblog
    via Google, and located that it is truly informative.
    I’m gonna watch out for brussels. I will be grateful for
    those who continue this in future. Many folks can be benefited
    out of your writing. Cheers!

  54. Gisele

    August 10, 2022 at 2:02 am

    Hello to all, since I am really eager of reading this weblog’s post to be updated on a
    regular basis. It consists of pleasant material.

  55. Son

    August 10, 2022 at 2:02 am

    Hello, its pleasant post on the topic of media print,
    we all know media is a impressive source of facts.

  56. Raina

    August 10, 2022 at 11:13 am

    I know this if off topic but I’m looking into starting my own blog and was wondering what all is needed
    to get set up? I’m assuming having a blog like yours would
    cost a pretty penny? I’m not very internet savvy so I’m not 100% sure.
    Any suggestions or advice would be greatly appreciated. Kudos

  57. Elvis

    August 10, 2022 at 11:15 am

    I know this if off topic but I’m looking into
    starting my own blog and was curious what all is needed to get set up?
    I’m assuming having a blog like yours would cost a pretty penny?
    I’m not very internet savvy so I’m not 100% positive.

    Any tips or advice would be greatly appreciated. Thanks

  58. article source

    August 10, 2022 at 11:20 am

    Thanks designed for sharing such a nice opinion, post
    is fastidious, thats why i have read it fully

  59. Marty

    August 10, 2022 at 11:31 am

    Helpful info. Fortunate me I discovered your site accidentally, and I am surprised why this coincidence did not came about in advance!
    I bookmarked it.

  60. Nelly

    August 10, 2022 at 11:41 am

    Thanks , I have recently been looking for information about this
    subject for ages and yours is the best I have came upon so far.
    But, what about the bottom line? Are you sure about the source?

  61. Rosemary

    August 10, 2022 at 9:26 pm

    Excellent, what a webpage it is! This web site gives helpful facts to
    us, keep it up.

  62. Margie

    August 10, 2022 at 9:38 pm

    Hello, i believe that i saw you visited my web site thus i got here to go back the favor?.I am trying to find issues to enhance my web site!I
    suppose its adequate to use some of your ideas!!

  63. Armando

    August 10, 2022 at 9:42 pm

    Amazing issues here. I’m very satisfied to look your post.

    Thank you a lot and I am taking a look forward to touch you.
    Will you please drop me a mail?

  64. Hannah

    August 10, 2022 at 9:48 pm

    I needed to thank you for this excellent read!! I certainly enjoyed every little bit of it.
    I’ve got you book-marked to check out new stuff you post…

  65. Rosaline

    August 10, 2022 at 9:54 pm

    I quite like reading through a post that can make people think.
    Also, thanks for allowing for me to comment!

  66. Rafael

    August 10, 2022 at 9:59 pm

    Hello, its good piece of writing about media print, we all understand media is a great source of data.

Leave a Reply

Your email address will not be published.

Most Popular

To Top