Sweet Dreams (Are Made Of These):Umno tore apart my father’s legacy’

Hantu Laut

Some of them want to use you
Some of them want to get used by you
Some of them want to abuse you
Some of them want to be abused.

Don't let them fool you, they are no lesser crooks.




KOTA KINABALU: Former Sabah governor and chief minister Tun Mustapha Harun’s son has accused Umno of betraying his father’s trust and tearing apart his legacy.

Badaruddin Tun Mustapha said it was ironical that Umno, the party that his father had helped enter into Sabah politics, had plundered the state and reduced its immense wealth and power to a few handouts from the federal government. Read more.

ICAC And UBS Say No Comment to Sabah Money Laundering Report

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In an article carried by Asia Sentinel, the ICAC when asked to verify Sarawak Report's mass of transactions and documents on claim of Musa Aman misdeeds said "We would not comment on questions on operational matters."

UBS has responded in similar fashion in the article below.

But says its policy is to cooperate fully with authorities

The Swiss bank UBS, at the center of allegations of money laundering by Sabah’s chief minister Musa Aman, said it couldn’t comment on the claims although a spokesman for the bank said UBS is fully committed to assisting in the fight against money laundering.

“UBS does not comment on market speculation or rumor,” Mark Panday, a spokesman for the bank’s operations in Hong Kong, told Asia Sentinel. “However, in all markets in which it operates, UBS’s policy is to cooperate fully with regulators. Indeed, it is committed to assisting in the fight against money-laundering, including corruption and terrorist financing.”

The Sarawak Report, an NGO based in Kuching and London, alleged in a report made public Sunday that more than US$90 million was passed circuitously in 2007 by Sabah lawyer Richard Christopher Barnes from Musa into Barnes’ UBS Hong Kong account before it was forwarded in turn to a UBS Zurich account in the chief minister's own name.

The money transfers allegedly were shepherded by a UBS client manager named Denis Chua, who originally worked at the Singapore branch for HSBC Hong Kong until 2006. According to the report, Chua moved to UBS, taking the accounts with him.

The Sarawak Report said Hong Kong’s Independent Commission Against Corruption discovered the transactions in an investigation into alleged money-laundering by a Musa associate, Michael Chia Tien Foh, and compiled a detailed list of the transactions between Barnes, Chia and the UBS accounts.

Denis Chua is believed to have left UBS. A call to the UBS Hong Kong office elicited no response. Panday declined any further comment on the matter.

Hong Kong’s money-laundering law, which appears to be focused mainly on drug trafficking, nonetheless make it an offense for bankers, lawyers or accountants to deal with property they know or have reasonable grounds to believe represents the proceeds of drug trafficking or other serious crimes. Offenders are subject to a maximum of 14 years in prison. Records must be kept on any transaction over HK$8,000, the rough equivalent of US$1,000.

The Hong Kong Monetary Authority’s voluminous guidelines put the onus on banks and other financial institutions and their professional employees to ensure that companies follow legal guidelines on deposits. As required by the guidelines, banks make it a common practice to subject all employees dealing with the transfer of funds to regular, detailed briefings on money-laundering statutes and the penalties involved.

The need to guard against money laundering received new impetus in 2004 when the Hong Kong Monetary Authority urged banks to be especially alert to the possibility of money laundering as the territory prepared tReda moreo become an outlet for yuan-denominated deposits. In June of that year, the HKMA issued a supplement to the territory's anti-money laundering guidelines, setting out "Know-Your-Customer" principles, taking account of the requirements of a paper on "Customer Due Diligence for Banks" issued by the Basel Committee on Banking Supervision. Read more

Pakatan:A Den Of Iniquity

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Anwar Ibrahim instigated students to demonstrate against the PTPTN. Is he suffering from dementia?

He pretty well screwed his chance of becoming the prime minister because is now seen as a pathological liar.

Here, Rocky Bru revealed was transpired in Parliament in 1997. Extract from the Hansard here.

Anwar was then DPM and second most powerful man in UMNO and the government, the other jokers, Lim Kit Siang and his son Lim Guan Eng all supported the PTPTN with gusto.

All three telling egregious lie. Vote them at your own peril.

Desperate needs, desperate measures!

Monkey see, monkey do.

Anwar And Najib: "The Hare And The Tortoise"

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Another of Aesop's animal story "The Hare And The Tortoise" The story concerns a hare who ridicules a slow-moving tortoise and challenged him to a race.The fast-running hare soon leaves the tortoise behind and confident of winning, decides to take a nap midway, when he awakes, he found his slow-moving competitor has arrived before him.

Two weeks ago I placed a poll on my side bar ....Who would you choose as PM in the 13th GE, Anwar or Najib?

For the first few days Anwar was leading by as much as 70 %, leaving Najib far behind and a probable loser. Anwar, the hare continue to lead the next few days.However, Najib the tortoise sprung a surprise when he caught up with Anwar by the 7th day and thereafter surged forward to take the lead taking 56% of the poll at closing date.Anwar scored 43%.

I must admit the small poll is not a true reflection of what the real end result would be in a real contest, but it gave me a big surprise. I actually expect Anwar to win big on account of my observation that Anwar and the oppositions command bigger following on the Web than Najib and the BN.

Major Web portals such as Malaysiakini, Malaysian Insider, Free Malaysia Today,Malaysia Chronicle and the ever controversial Malaysia Today gave unequivocal support and unbending loyalty to the oppositions.

Malaysia Today, of late has toned down its tirades against Najib and the government and is showing more balanced repertoire.

The true battlefield is in West Malaysia, where the deluge of oppositions' supports are concentrated. Najib should deploy the full force of his political war machines in areas where he has better chances of winning.

It would be wise of him to write off (subtly, no saying out loud) Penang and Kelantan and concentrate in taking back Perak, Selangor and Kedah. He should also write-off most of the Chinese dominated seats as it is foregone conclusion that his disused component parties, MCA and Gerakan will lose most of the seats to DAP.Both parties are still living in a state of denial and the only hope left for them....miracles!

He should not worry about Sabah and Sarawak, the two chief ministers are more than capable to retain the states for BN, as long as he does not upset the applecart.

These are the realities that will, make or break him.