I have been following the saga of 1MDB (Malaysia Development Berhad), the investment arm of the Malaysian Ministry of Finance established by the Prime Minister cum the Minister of Finance, Najib Razak.
Following the exposure of the “hanky-panky” in the company by the whistle-blower site, the Sarawak Report, the Malaysian opposition has had a field day in hammering Najib on the alleged financial mismanagement and likely fraud involving billion of ringgit (1USD = RM 3.71). The current biggest critic of 1MDB, particularly of PM Najib is the ex-long-serving Prime Minister, Dr Mahathir and he is asking the former to step down as the Prime Minister to save the ruling coalition from being routed in the next General election in 2018. Najib has yet to answer satisfactorily on the alleged missing 27 billion out of 1MDB’s 42 billion debt and his glaring conflict of interest in the whole affair.
Now Najib is on the defensive mode. He would not step down and now garnering the support of his UMNO members. He is going around the country to tell his brand of the story sans explanations on the missing billion. The divisional leaders seem to believe whatever he says and they have come out to support him. He also used his meeting with UMNO leaders to come out with statements that the whole UMNO was being threatened and of course the leaders backed him vociferously ( as these people also depend on the PM for lucrative contracts). Some Bloggers known to be close to Najib have also jumped on the bandwagon. And lately I noticed that many English sounding names have been trolling the online media to demonise Dr Mahathir.
One prominent UMNO blogger has mounted personal attacks on the former PM. It is said that he had an axe to grind with the ex-PM and more importantly he is eyeing for the post of the Chief Minister of the State of Sabah failing which as the next Governor: these two positions are at the discretion of the PM. He with Najib’s “blind” supporters are being theatrical in this 1MDB massive financial scandal.
I have made up my mind about the current ruling Coalition and its clueless and corrupt leader. I cannot wait to do my duty as a voter in GE 2018 , or earlier should there be a snap election.Let’s hope more voters are with me. I am done with supporting this Coalition all these years.