Transparency International Malaysia says the requirement for disclosure of beneficial ownership can help stop the proceeds of corruption from being laundered through investments in high-value property in Malaysia.
Transparency International-Malaysia chairman Akhbar Satar – The Malaysian Insight pic by Kamal Ariffin, February 22, 2018.
KUALA LUMPUR: Transparency International Malaysia (TI-M) has proposed the setting up of a central registry for beneficial ownership of companies registered in Malaysia and those keeping funds in Labuan.
Noting that graft was the biggest problem for businesses in Malaysia, its president Akhbar Satar said today this was one way to fight corruption and money laundering activities,.
A beneficial owner of a company is the person who truly owns, enjoys and controls the company even though the title to some form of property or security is in another’s name.
Akhbar said in a statement that such a registry would ensure corrupt officials and politicians would be unable to award themselves, through their families or cronies, any government contracts. Read more →
BEFORE the 14th general election, Malaysians will know which political parties are truly committed to reform and stamping out corruption, and which is merely spouting rhetoric.
A group of human rights, anti-graft bodies and think-tanks will be submitting a memorandum with a raft of demands to all political parties starting this week.
The parties which accept these demands will be named while those which do not will remain conspicuous in their silence, members of the group told The Malaysian Insight.
The demands include promises to make law enforcement independent, root out corruption, ensure freedom of expression and for officials to declare assets if they take over power at either the state or federal level.
The Governance, Integrity, Accountability and Transparency (GIAT) coalition consists of six civil society groups.
They are the Institute for Democracy and Economic Affairs (IDEAS), Centre to Combat Corruption and Cronyism (C4), Sinar Project, Transparency International-Malaysia, Friends of Kota Damansara, MyPJ and Society for the Protection of Human Rights (Proham). Read more →
PETALING JAYA: The Whistleblower Protection Act 2010 is not good enough and needs to be revamped, says civil society group Center to Combat Corruption and Cronyism (C4).
The anti-graft watchdog’s director, Cynthia Gabriel, said this following the jailing of Pandan MP Rafizi Ramli, for 30 months, for revealing bank accounts relating to the National Feedlot Corporation’s (NFC) subsidiary companies and that of executive chairman Mohamad Salleh Ismail six years ago.
The Malaysian Anti-Corruption Commission’s (MACC) call to the public to come forth with information rang hollow, Cynthia said, because the country did not protect whistleblowers who were brave enough to come out and report wrongdoing.
Bukit Mertajam MP Steven Sim said that a comprehensive investigation was needed to “weed out the rot” in the country’s immigration system and to mend its ‘broken’ border control. — Pictures by Shafwan Zaidon via Malay Mail Online
PETALING JAYA, Feb 2 — The large scale human trafficking camps uncovered in 2015 along the Thai-Malaysia border were only possible due to “systemic corruption” and weak border control, according to federal lawmaker Steven Sim.
Speaking at “Tragedi Wang Kelian: Nerhaka Ciptaan Rasuah” (Wang Kelian Tragedy: Hell Created By Corruption) at the GerakBudaya book store last night, the Bukit Mertajam MP claimed that a combination of foreign worker visa monopolies, illegal worker amnesty and a lack of transparency in addressing the issue has made the matter even worse over time.
The forum was moderated by MBPJ councillor Lim Yi Wei, and with former Malay Mail journalist Arulldas Sinappan and Malaysian Consultative Council of Islam Organisations secretary general Zulhanis Zainol present to relate their experiences on the ground.
PETALING JAYA: Suara Rakyat Malaysia (Suaram) has expressed concern over what it described as the “selective efficiency” of the police force.
Suaram adviser Kua Kia Soong said that the police seemed super-efficient when apprehending alleged “international terrorists” but their ignorance in the disappearance of ordinary Malaysians were mind-boggling.
“Yesterday, the statement by the Inspector-General of Police Mohamad Fuzi Harun that M Indira Gandhi’s former husband is still believed to be in the country, but the authorities have no idea where he is, is an astounding example of this selective efficiency of the Malaysian police,” he said in a statement.
TWO policemen have been remanded for four days, ending Tuesday, to help investigations into a case where they were alleged to have demanded and received a RM3,500 bribe.
Special Remand Court assistant Registrar Nur Haryatie Mohd Saini issued the remand orders for the inspector and assistant superintendent of police (ASP) allowing an application by Negri Sembilan Malaysian Anti-Corruption Commission (MACC) investigating officer Riduan Kadri.
KUALA LUMPUR: Prime Minister Najib Razak today issued a frank admission of 1MDB’s failure, adding that there had been “valid cause for concern” over the state company’s affairs which have triggered investigations in several parts of the world.
“Now, I am not going to brush over this issue. There were indeed failings at the company, there were lapses in governance,” Najib told some 1,000 people at the Invest Malaysia 2018 conference today.
But Najib said the 1MDB issue had been politically exploited, adding that there was “a concentrated campaign” to sabotage the Malaysian economy.
He said the government was aware of 1MDB’s failings, which was why it had launched an investigation involving multiple authorities.
“Their findings were taken on board – and the company’s board was dissolved, its management team changed, and its operations reviewed,” he said.
1MDB was created by the government to promote long-term economic development for the benefit of the Malaysian people.
ONE clear but obvious concern for most Malaysian Christians is the “agenda of backdoor Islamisation by PAS”.
Malaysia, from its inception, has been a multi-ethnic, multi-religious, and multi-cultural society defined by a Federal Constitution which amplifies and clarifies our rules of law and due processes.
Therefore, and thereby, we were, and must only always be understood as a secular country. No particular or specific religious values can consequently be used to define public space morality.
Premised upon the secular interpretation of our foundation points within the Constitution, it is untenable that PAS president Abdul Hadi Awang’s RUU34 can even be tabled in Parliament. Therefore, a good friend of mine and son of a former Deputy Prime Minister, Tawfik Ismail, has gone to Court over this wrong-doing.
THE Malaysian Anti-Corruption Commission (MACC) has set up special monitoring units to watch for misappropriation, corruption and abuse of power at high, medium and low-risk government agencies.
In a statement today, the MACC said its certified integrity officers would be replaced by administrative and diplomatic officers in integrity units of government agencies in line with the government’s decision to set up a Department of National Integrity and Good Governance.
Datuk Paul Low had said the National Integrity and Good Governance Department (JITN) would not overlap with MACC’s functions. ― File picture by Choo Choy May via Malay Mail Online
KUALA LUMPUR, Jan 18 – The government’s withdrawal of Malaysian Anti-Corruption Commission (MACC) integrity officers at government agencies will not affect graft prevention efforts, MACC said today.
The MACC clarified that the reported replacement of its Certified Integrity Officers (CeIOs) with Administration and Diplomatic Service (PTD) officers seconded at the integrity units of government agencies was a move “in line with the government’s decision to set up the National Integrity and Good Governance Department (JITN) recently”.
“The MACC wishes to stress that the formation of JITN will not affect at all the MACC’s function and responsibility in efforts to ensure government agencies are free from abuse, bribery and abuse of power,” it said in a statement today. Read more →