When Will NTR Resign......[ or what will david cameroon do if he is in the same position ? ]

friends, dato' and tansri,

i think it is a forgone conclusion.

it is no longer 'will ntr resign?'.

it is when will he resign. some near the inner circle says between the next few weeks to a month.

there will be a lot of horse trading and cow trading going on.

for those of you guys who owns islands or big pieces of property overseas or local, you guys could do the nation a service to expedite his resignation.

this long wait is affecting the economy, not that we have much economy left.

anywhere in the maldive will do for this beleuguered  couple. diego garcia where mh370 is currently housed also ok

worse case scenario, pulau tok gajah near semerak.

i am sure the pas people will be generous with the couple

nik howk

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from Dato Azman



From: nikazman@
To: drnikisahak@hotmail.com
Subject: RE: najib will resign
Date: Fri, 29 May 2015 10:26:15 +0000

Dr Haji Nik Isahak,

I doubt he will do that. He is a fighter and a survivor. But Dr Mahathir's continuous attack is putting the pressure on him.



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From: Nik Isahak Wan Abdullah Sent: Friday, 29 May 2015 7:24 PM To: Nik Azman Nik Abdul Majid - Dato'

dato,

you are in the epu

ada pitih lagi ke kita nak bayar gaji?

even asb/asn will not be able to cover the lubang in 1amgedebe

from my perspective, bila seluar dah terlondeh, it is time to resign

ni sekarang dah lebih dari terlondeh

dr nik howk

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From: nikazman@

To: drnikisahak@hotmail.com

Subject: Re: najib will resign

Date: Wed, 3 Jun 2015 08:54:30 +0000

Dr Haji Nik Ishak,

From the info I got, the issue is more of the cash flow rather than the issue of liabilities exceeding assets. The assets should be sufficient to cover the liabilities. While there are unanswered questions, the investigation by PAC and AG should provide some answers to it.

So does the Government still has the money? Yes. But if 1MDB is unable to meet its debt service obligation, there will be opportunity cost to the people if the Government has to come to rescue 1MDB. Some expenditure readjustment will have to be made. If and only if...

Nik Azman

Sent from my Blac

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On 4 Jun 2015, at 08:26, Nik Isahak Wan Abdullah <drnikisahak@hotmail.com> wrote:

dato,

you sound encouraging.

as for myself, when i heard of ntr's scatterbrained plan some 2 years before the inception of oneamgedebe and a wak from teluk intan trying to bring in billions of sovereign fund back i had a sinking feeling.

his economic adviser should  be hanged by the balls, actually.
as for himself, we in malaysia has no institutions yet well placed to send him to pulau jerejak or prison.

very sad.

nik howk
ps ; 
i remember some years back a junior minister in john major's cabinet had to resign because he accepted a concorde two way ticket to new york to see some broadway show.
our leaders have lost all sense of marwah and public accountability.

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From: azmiwanhamzah@halfmo..

Subject: Re: najib will resign

Date: Thu, 4 Jun 2015 11:53:48 +0100

CC: 

To: drnikisahak@hotmail.com

Nikhowk, 

1.  IMDB has finally come up with some accounting of its liabilities and how the proceeds from the creation of these liabilities have been applied/invested. Let's just assume everything is hunky-dory as CEO Arun Kandasamy would have you believed. The question remains: if it is so straight forward, why do they have to take months to release the simple facts and burden the country with a political crisis? Perhaps 1MDB believed it is above accountability, in which case it did have a governance, ethics and attitude problem.  Vested with a custodianship and trusteeship. role ( as all GLCs are), the obligation is neither to throw stones nor to undress in the dark, but to dress and undress with all the lights on in your Rakyat-owned glass house.

2.  Let us now re-look at 1MDB's numbers. The 42 billion borrowings, which presumably included bonds, syndicated loans and advances from friends whether that be KWAP, Tabung Haji or Ananda Krishnan, have been applied for investments, costs and interest paynents. What it has airbrushed is the Jho Low hijack of its funds to finance the UBG adventure which has been painstakingly detailed by The Edge, The Sarawak Report and TDM. Not grabbing the bull by the horns (as DPM puts it) and finally prove it is mere bullshit is to prolong the controversy. Selective exposure may be great in a night club, but on matters as critical as these accusations, it has no place in corporate life.

3. But the detailing of its liabilities and proceeds applications hardly tells the full story. It is not even as good as footballer George Best's accounting for his lost millions by saying that he spent some on booze, some on birds and the rest he merely blew away. What we need to know as citizens and tax-payers are the following:

a. whether a fair price was paid for each individual investment;

b. how each individual investment has performed;

c. what portion of that investment performance is due to wise management and policy decision making;

d. what portion is due to acquisition of grossly under-priced government assets; 

e. what portion is due to government intervention designed to shore up values of dubious acquisition pricing ;

f. what of these expenditures have no real carrying values ( the equivalent of any of George Best's three Bs of fund applications).

4. It is only when the above questions are answered, can we analyse and arrive at the truth of the 1MDB adventure. At that point we can decide whether it was a vision of great wisdom but badly executed, stupid but innocent, stupid and dishonest or a grand larceny by design and by execution. 

4. I shall not hazard to impose my suspicions on your readers, Nikhowk, because someone here such as Nik Azman, may be able to give perfectly good innocent answers to the niggling questions posed. But until the questions are explained, I don't believe we can afford to be sanguine.

My two sens worth. Salam, Azmi.

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On 7 Jun 2015, at 04:54, Nik Isahak Wan Abdullah <drnikisahak@hotmail.com> wrote:

tq ts.

i am just a frog under the tempurung looking at things.

just back from my telga papan teganung refuge.

you are a global malay from your global village in hamstead, london, with a global perspective.

from your global perspective, if this oneamgedebe thing ever go to court, the billion ringgit question is, is najib jailable?

i am aware that one of the oneamgedebe's basic tenet is that the pm is the final say in all its deliberations.

is there not an iota of doubt  that he was aware of all the goings on from its inception to its current demise, or almost demise?

from the simple raayat's perspective, that is of interest

it would be nice to for malaysia to send its first  pm to jail for once, at least we are telling the world that we are dead serious to change.

otherwse we are not much different from our neighbour, the myammaris:

when asked in cnn, who the rohinggas, one senior fellow replied," we do not know where they come from! "

nik howk

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On 7 Jun 2015 13:43, "azmiwhamzah" <azmiwanhamzah@halfmm> wrote:

Nikhowk, As always in the imperfect world of man-made regulations or even God-made laws but administered by men, the answer is it all depends. 

On the basis of the laws as written, specifically the Penal Code ( the secular Hudud if you like) and various legislations enacted by Parliament, thieving and activities of similar nature is an offence carrying custodial sentence. (But I am no lawyer, so please proceed to read my views here with caution).  So is money laundering, conspiracy to cheat, abuse of powers and quite a few other choice possibilities that an honest and conscientious prosecutor can choose to pursue in relation to the 1MDB scandal.

The global perspective is a spectrum that runs from Britain and Scandinavia to Myanmar, Zimbabwe and the Tribal hinterland of Pakistan. If something like this were to happen in Britain, you can be certain that within days of the scandal breaking out and without waiting for the public to file a report at some remote police station, a full investigation by the Serious Fraud Office would have been launched. The SFO findings would be submitted to the Crown Prosecution Service and charges would be made against those implicated in the findings. By this time, any politician remotely involved would have already resigned from both their positions in the organisation and in government.

Would David Cameron be charged under similar circumstances? British politicians have learned a long time ago not to sit on the Boards of GLCs or of NGOs other than the most benign ones like the Charitable Home for Handicapped Cats. You have to assume, if there was a similar British IMDB situation, DC and everybody associated in that chain of command would be prosecuted (in a real  rather than the Razak Baginda way). And if found guilty, yes DC would have to eat Her Majesty's prison rations.

The dissimilarities between Britain and Malaysia are not about the laws, but the framework of governance. Some countries uphold the independence of their judiciary, police, civil service and such other institutions, making sure they are protected from political influences and control. Some countries have yet to evolve these values. Some others, having had some of these institutional framework in place, have allowed their dismantling because politicians in power have found them inconvenient.