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Sumisha Naidu Profile picture
@sumishanaidu
May 22, 2018 • 15 tweets • 8 min read • Read on X
Scrolly
Big day of news in Malaysia:
• Ex-PM Najib to have his statement taken by the Malaysian Anti-Corruption Commission in relation to #1MDB probe @ 10am.
• MACC chief to hold a news conference, promising new information @ 11am.
• PH Ministers clocking in for the first time.
Malaysia's new Defence Minister, Mohamad "Mat" Sabu, inspecting the guard on his first day in office. @MSabu_Official
Meanwhile, former PM Najib Razak is on the way to the MACC office.
Defence Minister Mat Sabu says he was nervous on his first day, he's used to being with the people not following protocol. But he won't change his "Mat Sabu style".
Defence Minister Mat Sabu says he'll look into scandals including the controversial Scorpene deal overseen by then Defence Minister Najib Razak. But investigations will be done internally first.
New Home Minister Muhyiddin Yassin says his ministry will review laws such as the Sedition Act in consultation with activists etc, look at border security, defend the sovereignty of Sabah and Sarawak, resolve stateless Indian issues, talk to UNHCR about Rohingya issues.
Asked Muhyiddin Yassin what he plans on doing differently this time around, having been in both the previous BN government and now, the PH government. He says they must deliver for the people and can't take their time in office for granted.
JUST IN: Malaysia's new Finance Minister @guanenglim says shocked to find certain accounts and reports can't be accessed. "It is clear that the previous government has conducted an exercise of deception to the public about certain hot button items, especially #1MDB..."
"Despite these challenges, I am optimistic and confident that he e will be able to overcome these challenges and restore the financial health of the country" - @guanenglim
Finance Minister @guanenglim says "among the most urgent items to be resolved in my first days of office is the payment of interest for #1MDB borrowings".
Date for SST introduction still being worked out but @guanenglim would like for it to be rolled out as soon as possible.
Asked if RM1trillion debt means Malaysia is heading to bankruptcy, the Finance Minister quipped: under the old government, yes.
Finance Minister @guanenglim says the previous government was not forthcoming about actual debt owed by Malaysia. More than RM1trillion is significantly higher than the RM685bil debt announced by former PM Najib's govt as of mid-2017.
One main contributor to Malaysia's debt? #1MDB. channelnewsasia.com/news/asia/mala…
Day 1 of PH ministers in office:
• Finance Minister - pledges to deal with RM1trillion debt & #1MDB
• Home Minister - to study/ repeal "outdated" laws
• Communications Minister - to amend/ repeal Anti-Fake News Act
• Defence Minister - to look into scandals inc Scorpene deal.

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More from @sumishanaidu

Sumisha Naidu Profile picture
Sep 28, 2018
HAPPENING NOW: Malaysian PM Dr Mahathir Mohamad speaks at the #UNGA, 15 years after his last address.
“The new Government of Malaysia, recently empowered with a strong mandate from its people, is committed to ensure that every Malaysian has an equitable share in the prosperity and wealth of the nation.” - Dr Mahathir at #UNGA
“A new Malaysia emerged after the 14th General Election in May this year. Malaysians decided to change their government...We did this because the immediate past Government indulged in the politics of hatred, of racial and religious bigotry, as well as widespread corruption.”#UNGA
Read 17 tweets
Sumisha Naidu Profile picture
Sep 13, 2018
Special PC on #1MDB by Malaysia’s deputy inspector general of police. “This evening, I’m going to update you on the developments of the case as investigated by the police”. 4 aspects have been probed by the CCID and several individuals investigated.
Main areas probed by CCID:
• 1MTN notes worth RM5mil by Terengganu Islamic Authority
• #1MDB & PetroSaudi Intl joint venture & loans in form of Murabahah Notes
• purchase of assets worth USD3.5bil involving Tanjong Negeri
• issuing of US$3 bil notes by 1MDB Global Investments
During the course of investigations, police uncovered
• USD$972mil (RM2.973bil) was transferred to the accounts of former PM Najib Razak in 3 phases - “Good Star”, “Aabar” and “Tanore”
• 132 transactions involving illegal money identified
#1MDB
Read 7 tweets
Sumisha Naidu Profile picture
Jul 30, 2018
Today: "Every word recorded by the investigation team will be tabled in this report. We are committed to the transparency of this report. It will be tabled fully, without any editing, additions, or redactions”. #MH370
po.st/Syqpn8
#MH370: Families unsatisfied by the final report. “How can you expect us to believe what’s in there?”
“There’s no conclusion, there’s no answers”. #MH370
Read 33 tweets
Sumisha Naidu Profile picture
Jul 3, 2018
BREAKING: Former PM Najib Razak has been arrested in connection with investigations into #1MDB.
BREAKING: @NajibRazak to be charged on Wednesday morning, says the #1MDB special task force.
JUST IN: The #1MDB special task force confirms former PM Najib Razak's arrest at 2.35pm in connection with investigations into former #1MDB subsidiary, SRC International.
Read 114 tweets
Sumisha Naidu Profile picture
Jun 27, 2018
Former PM Najib Razak gave Malaysiakini an interview. Not only that, he went to their office to do it. A new Malaysia indeed.
Najib on his seized "gifts":

"Over the years as head of the government, we have been gifted with a lot of items by foreign leaders as well as personal friends and I do know that under the law it is not illegal to receive gifts."

m.malaysiakini.com/news/431
Najib said Rosmah herself was surprised about the number of items mentioned by Amar Singh.

“She doesn't believe it will come up to that amount. Also some items, the jewellers have got records that they were sent for viewing and need to be returned."
Read 9 tweets
Sumisha Naidu Profile picture
May 24, 2018
What's behind Malaysia's RM1 trillion of liabilities?
• RM686.8bil of Federal Government Debt (50.8% of GDP)
• Government Guaranteees of RM199.1bil (14.6% of GDP)
• Lease payments of "Public Private Partnership" projects of RM201.4bil (14.9% of GDP)
"Let me emphasize that the fundamentals of the economy remains strong... Together with the commitment of the new Government as well as the support of Malaysians all over the country, we will definitely succeed in saving our country," - Finance Minister @guanenglim
"In the short term, this decision to tell the truth may unnerve Dato' Seri Najib Razak..." - Finance Minister hits back at former PM/ Finance Minister Najib
Read 7 tweets

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