Remarks by President Trump and Prime Minister Najib Abdul Razak of Malaysia Before Bilateral Meeting
PRIME MINISTER RAZAK: Secondly, we have Employees Provident Fund, which is a major pension fund in Malaysia. They’ve got quite a big sum of capital to be exported. They have invested close to $7 billion, in terms of equity, in the United States. And they intend to invest three to four additional billion dollars to support your infrastructure redevelopment in the United States.
PRESIDENT TRUMP: Great.
PRIME MINISTER RAZAK: And thirdly, our sovereign fund, Khazanah, they have an office in Silicon Valley. They have invested about $400 million, in terms of high-tech companies, and they intend to increase that investment as well.
The EPF in particular, being a pension fund, is meant to be independent of government, answerable to its members only.Investment decisions are to be made by its investment panel. What Najib has done at the White House is to promise investment from a fund that is by law meant to be independent of him and his government.Of course, in reality, the fund is often plundered to further political ends.Given the FBI and DOJ investigations,this does look like a bribe paid for with another theft.
END
Saturday, June 24, 2017
PAS leader Ustaz Hadi Awang hints at 1MDB scale problems at Tabung Haji , EPF
by Ganesh Sahathevan
Reproduced without comment (for the time being):
“We shouldn’t repeat history by inviting foreign quarters to solve our problems such as the BMF scandal, Perwaja, Tabung Haji, EPF and 1MDB.”
Hadi: Islam rejects ‘foreign intervention’ to solve internal problems
Datuk Seri Abdul Hadi Awang Aziz stressed that internal issues in the country must be heard by our own courts.— Picture by Yusof Mat Isa
KUALA LUMPUR, June 24 — PAS President Datuk Seri Abdul
Hadi Awang has urged all quarters to reject foreign powers from
meddling in the nation’s affairs, as it is forbidden by Islam.
Reproduced without comment (for the time being):
“We shouldn’t repeat history by inviting foreign quarters to solve our problems such as the BMF scandal, Perwaja, Tabung Haji, EPF and 1MDB.”
Hadi: Islam rejects ‘foreign intervention’ to solve internal problems
Saturday June 24, 2017
11:00 AM GMT+8
11:00 AM GMT+8
Datuk Seri Abdul Hadi Awang Aziz stressed that internal issues in the country must be heard by our own courts.— Picture by Yusof Mat Isa
KUALA LUMPUR, June 24 — PAS President Datuk Seri Abdul
Hadi Awang has urged all quarters to reject foreign powers from
meddling in the nation’s affairs, as it is forbidden by Islam.
“The Quran forbids Muslims from trusting other quarters in solving their internal problems.
“Whether right or wrong, a problem must be resolved internally with patience,” he said in an open letter posted on his official Facebook page.
Hadi said it was foreign intervention by the colonisers that led to the fall of the Islamic government in Melaka.
“After that, the whole Indonesian region was colonised and divided, which led to the downfall of Islam.
“We shouldn’t repeat history by inviting foreign quarters to solve our problems such as the BMF scandal, Perwaja, Tabung Haji, EPF and 1MDB.”
Hadi also said that it was the intervention of foreign powers which led the downfall of Islam in Spain, after being around for eight centuries.
“The lights of Islam have been turned off in Spain until today.”
Hadi stressed that internal issues in the country must be heard by our own courts.
“As cruel and as stupid as we can be, let us bear this ourselves and at the end of the day, we will be blessed with peace.
“There will always be foreign quarters who are looking for opportunities around. Enough, we have been colonised for several centuries and its effects hasn’t fully recovered.”
Last Thursday, the US Department of Justice (DoJ) announced its latest civil filing that sought to seize US$540 million (RM2.31 billion) in assets obtained by funds allegedly stolen from 1MDB.
The latest civil forfeiture complaints from the lawsuit launched last July alleged that more than US$4.5 billion had been misappropriated from the Malaysian state investment firm from 2009 through 2015.
1MDB has since responded saying that the allegations were not backed with proof.
The Malaysian Anti-Corruption Commission (MACC) subsequently said that it will leave the matter with the police to handle.
Attorney-General Tan Sri Mohamed Apandi Ali had said that no wrongdoing or misappropriation was found in 1MDB after the Malaysian firm was probed by various agencies, such as the MACC, the Auditor-General and the bi-partisan Public Accounts Committee.
No comments:
Post a Comment