Mahathir is playing his last card in a futile attempt to oust Najib

The DoJ song-and-dance is not for legal purposes. It is for political purposes. Legal action would take too long and may not come out the way you hope. And who can wait ten years anyway? The Special Task Force report on the US$10 billion forex losses is coming out in a matter of weeks, if not days, while the general election could be any time from August this year to the first half of next year. So we are talking about a 12 months plan at best. And, for sure, the DoJ matter cannot be resolved in 12 months.

THE CORRIDORS OF POWER

Raja Petra Kamarudin

(NST, 14 March 2017) – The Special Task Force set up to probe Bank Negara Malaysia’s (BNM) forex losses in the 1990s will present its findings to the Cabinet in three months. If necessary, this will include the setting up of a Royal Commission of Inquiry (RCI) on the matter.

Tan Sri Mohd Sidek Hassan, who is the task force chairman, said the six-member team will focus on three terms of reference. These include conducting preliminary investigations into losses by BNM related to its speculative foreign currency transactions.

“The task force will investigate whether there was any action to cover up the losses, and whether misleading statements on the matter were presented to Parliament. The task force will submit recommendations on further action to the government, including the establishment of a Royal Commission of Inquiry, if necessary, based on the results of the investigation,” Sidek said in a statement, today.

******************************************

That was what the Special Task Force announced three months ago. And that three months for the Special Task Force to present its findings to the Cabinet is already up. And when the Special Task Force made this announcement three moths ago it sent Tun Dr Mahathir Mohamad, Tun Daim Zainuddin, Anwar Ibrahim and Lim Kit Siang into panic.

This ‘gang of four’ know what happened in the 1990s that resulted in Bank Negara Malaysia losing US$10 billion gambling on the forex market. In fact, as Kit Siang himself admitted, he has written millions of words regarding the matter. And he did bring it up in Parliament in 1993 and 1994 and went into great detail regarding this scandal.

And, of course, Mahathir, Daim and Anwar know as well because they were behind it. Daim planned the gambling, Mahathir instructed Bank Negara to gamble, and Anwar was in charge of covering up the scandal and of denying it in Parliament. So all four know the details like they know the back of their hands.

And this is the reason for the panic. They know the Special Task Force — and the Royal Commission of Inquiry (RCI) that will follow the Special Task Force report to the Cabinet — is going to reveal the truth. And the truth is not only going to hurt but also cannot be covered up any longer. And this is going to hurt Pakatan Harapan real bad and without a doubt is going to cost them the election.

So Mahathir, Daim, Anwar and Kit Siang need to go into damage control. They can’t afford to do nothing. Doing nothing is going to be political suicide. The only weapon Pakatan Harapan has against Prime Minister Najib Tun Razak, Umno, Barisan Nasional and the government is allegations of abuse of power, corruption, wrongdoing, bad governance, lack of transparency and wastage of public funds. That is what they hope to bring down Najib and the government with.

But what is going to happen if just before Hari Raya the Special Task Force (or the Cabinet) announces its findings? How can Pakatan Harapan tell the voters that the government needs to be brought down because of its abuse of power, corruption, wrongdoing, bad governance, lack of transparency, wastage of public funds, etc? Would it not look hypocritical for Pakatan Harapan to ask the voters to bring down the government for the same transgressions that Pakatan Harapan itself commits?

That is what troubles Mahathir, Daim, Anwar and Kit Siang. So they need to deflect attention away from what the Special Task Force is about to say any day soon. If, say, the Special Task Force announces its findings a few days before Hari Raya, just as Malaysians are about to balek kampung, that would be terrible. People will be talking about how Mahathir and Daim stole US$10 billion of the taxpayers’ money and how Anwar covered up the crime and lied to Parliament and how Kit Siang exposed the crime and spoke about it for 20 years — and how, now, Kit Siang is no longer talking about it and has forgiven Mahathir, Daim and Anwar since they are all political allies.

Yes, it does look bad, does it not? And that is the cause for the panic. And that is why they all sat down — together with Matthias Chang, Cynthia Gabriel and Sivarasa Rasiah — to plan how to deflect attention away from the impending doom of the Special Task Force announcement. And that was when they came put with ‘US-DoJ Part 2’.

READ MORE HERE:

Mahathir’s feeble attempt at reviving the dead 1MDB issue

The reason why the DoJ made that announcement yesterday

As mentioned in the two previous articles (see links above), in 2016, Mahathir sent Mathias Chang, Khairuddin Abu Hassan, Zeti Akhtar Aziz, Abu Kassim Mohamed, and Abdul Gani Patail to the US to meet the DoJ. On 20th July 2016, the DoJ came out with its announcement regarding the investigations into 1MDB. That was supposed the be the thunder before the lighting — but because Daim and Kadir Jasin blundered, the lightning never happened. And Mahathir was furious.

This time they must not fail. So this week’s DoJ announcement was better planned. Mahathir asked Matthias and Sivarasa to draft DoJ’s statement (which was why it came in 251 pages with more than half merely slander and irrelevant to the issue). What Mahathir wanted was not a legal document but a document full of sensation and drama, even if it is not relevant to the issue and can never be proven or stand up in court. After all, Mahathir does not expect it to go to court anyway. And even if it is does Mahathir would be long dead and not around any more.

The DoJ song-and-dance is not for legal purposes. It is for political purposes. Legal action would take too long and may not come out the way you hope. And who can wait ten years anyway? The Special Task Force report on the US$10 billion forex losses is coming out in a matter of weeks, if not days, while the general election could be any time from August this year to the first half of next year. So we are talking about a 12 months plan at best. And, for sure, the DoJ matter cannot be resolved in 12 months.

So the plan is simple. As soon as the DoJ announcement is made, everyone will jump onto the bandwagon and will whack left, right and centre. And that is happening even as you read this. The strategy is to make as much noise as possible and make sure the noise comes from as many people as possible.  It has to be like the Fourth of July fireworks.

READ MORE HERE

Comments

Comments