Letters from the heart (Re: Genneva Raid) to the Authorities

CLASSIC :- (utu)Sexed-up Journalism!!

Here's a CLASSIC example how Utusan Malaysia spins...

EXPOSED! Not "on suspicion" or "alleged"- BACKED BY SOLID EVIDENCE!
More lies spewing out of Utusan Malaysia. Who are they serving? 
We're beginning to think there is indeed a CONSPIRACY to shut down Genneva Malaysia Sdn Bhd. 
Read on and watch the video too... 
What say you?
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Comment:
Watch Angelina Sinyang interviewing people at Genneva and then read 
her article on Utusan Melayu Here:
http://www.utusan.com.my/utusan/Jenayah/20121002/je_01/Syarikat-jongkong-emas-diserbu
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Comment:
What kind of report that Angelina or her editor wants her to write... she interviewed that guy for almost 20 minits.... but in the article she wrote, for the first 3/4 article is like blamming again the same story about genneva... and only the last paragraph the way she put it as if she only interviewed that guy for 5 minits ( the write up as if not sincere ) its just for the sake of putting it..... that's all.. nothing in the report wanting to really find out the real truth.. what kind of reporters we have nowadays.. Oh yaa.. I know reporters that just wanted to sell their papers.. not about finding the truth....

Does the "B" in "BNM" stand for "BARUA" or just "Basket"?

"Some estimate the figure at 

anywhere between RM10 billion to RM30 billion, 

but the fact is that foul-play and irresponsible 

forex speculation had exposed Bank Negara 

to maximum losses of as high as RM270 billion, 

which is three times our country’s GDP 

and more than five times our foreign reserves at the time."

~ Lim Guan Eng

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

$$$$$$$$$$$$$$$$$$$$$$$$$$$

Forex losses: Soros vilified, Bank Negara man promoted

Aidila Razak 11:36AM Sep 24, 2012

"Why is currency speculator George Soros vilified as a rogue speculator, when the person responsible for the loss of RM5.7 billion (by Bank Negara Malaysia through foreign exchange trading) was given a promotion?"

This was the question DAP-Bagan MP Lim Guan Eng posed to deputy finance minister Donald Lim during question time in Parliament today.

Pointing to BN-Tasek Gelugor MP Nor Mohamed Yakcop, Lim asked why the former had not been taken to task instead of being promoted now to a minister in the Prime Minister's Department.

"This is not 'janji ditepati' (promises fulfilled), but 'jampi ditepati' (a hex coming true)," he said.

Donald had earlier informed the Dewan Rakyat that Bank Negara Malaysia (BNM) suffered total losses of RM5.7 billion, as specified in BNM's 1993 annual report. He said that BNM ended its currency speculation activities in 1992.

He had said this in answering Guan Eng’s question on the actual losses suffered, the persons responsible and why no stern action was taken against those responsible.

Donald, however, did not say who was responsible for the losses and the actions taken.

“Going by the statements of top BNM officials then, the speculating by the rogue Malaysian traders was done through computers at several desks, to drive up certain currencies to rake in profits,” Guan Eng said.

‘Ministerial responsibility’

Pressed on the matter of accountability, Donald dodged the question further by telling Guan Eng to instead ask PKR-Permatang Pauh MP Anwar Ibrahim, who was the finance minister at the time.

Interjecting, BN-Rembau MP Khairy Jamaluddin added that Guan Eng’s question was a “friend-killing question” (soalan bunuh kawan).

Citing the Hansard from 1993, Khairy added that Guan Eng’s father, Lim Kit Siang (DAP-Ipoh Timor) had then called for Anwar to take “ministerial responsibility” over the losses.

Given room to answer by the speaker Pandikar Amin Mulia, despite heckling from the MPs, Anwar said that he had instructed a stop to the trading.

“There is nothing wrong with Ipoh Timor asking that question as he was seeking an explanation over something that was first denied.

“As finance minister, I had confirmed it and instructed the immediate halt of all forex trading,” he said.

He added that the forex trading started “before 1990”, and that the then-Bank Negara governor, the late Jaafar Hussein, said Nor Mohamed was given the go-ahead by then finance minister and prime minister at the time.

“Jaafar offered to resign with Nor Mohamed. But after I was jailed, Nor Mohamed was promoted to minister,” Anwar said.

Speaking to reporters at the Parliament lobby later, Anwar said that he had also instructed Nor Mohamed to resign and to relinquish all posts in the financial world, including those in private companies.

However, he claimed, Nor Mohamed returned as a financial adviser when Dr Mahathir Mohamad took over as finance minister in 1998, and later fifth prime minister Abdullah Ahmad Badawi appointed Nor Mohamed as finance minister II.

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

“Since then, every year, BNM had to amortise, 

cut from the budget around half a billion ringgit 

to foot the losses incurred.

“There are estimations saying that the losses had run up to between RM20 billion and RM30 billion and I believe 

(current BNM governor Tan Sri Dr) Zeti (Akhtar Aziz) can validate that now because she is among those who believe 

the losses could be up to RM30 billion... 

BNM took 10 years to recoup its losses,” 

~ Anwar Ibrahim.

$$$$$$$$$$$$$$$$$$$$

Do we have Financial Nazis in BNM?

BNM has really kicked itself in the face by behaving like NAZIs and raiding Genneva on the pretext of "investigation".That's like saying the shameful ISA is cool!!
I just got three calls this morning from the general public- sympathizing with Genneva and its Clients, saying "Malaysia is a bad place to do business"!!
One man even rehashed the "Tan Koon Swan" story to articulate his sympathies- the people haven't forgotten!!

"Probing get rich schemes" is a flimsy excuse to persecute successful businesses- whatever happened to Audits?
"People allegedly lost their investments", my foot!!
Nobody "LOST"- they were only delayed due to restrictions imposed upon them.
If the banks cannot supply the gold due to sudden restrictions imposed by BNM- whose fault is it that?

If that is the case, all businesses can be "raided" at the whim and fancy of some Little Napoleon in BNM- and it sets the stage for corruption, blackmail and dirty deals.

BNM should instead be probing BMF, Nor Mohd Yakop, Syed Mokhtar, Scorpene, MinDef, Samy Vellu, Ling Liong Sik/PKFZ and the many BN big guns for their immense wealth ..... not legitimate businesses!!

Meanwhile, I suppose BNM wishes to swim in the millions of RM belonging to the RAKYAT, frozen by BNM in the account!!

Genneva investors still in shock

Reports by REGINA LEE, DAVID TAN, TERENCE TOH, KOW KWAN YEE, QISHIN TARIQ, and EDMUND NGO

PETALING JAYA: Investors of gold trading scheme Genneva Malaysia Sdn Bhd were still in shock a day after an investigative raid on the company.

Anxious and confused over the scope of investigations, hundreds of them converged at the company's headquarters in Jalan Kuchai Maju 6, here, and its office in Penang, demanding answers.

However, Bank Negara Malaysia spokesman Lee Poh Fong said a statement would only be issued after investigations had concluded.

“There is nothing wrong with gold trading but we want investors to be careful against those promising high returns,” she said, referring to a previous press release issued on Sept 5.

Looking for answers: Some 100 consultants and customers being ushered into a meeting room for a briefing session conducted by Genneva regional director Datuk Joseph Kow at the branch office in Gelugor, Penang.

According to the Domestic Trade, Cooperatives and Consumerism Affairs Ministry's enforcement division, one of the four government agencies involved in the raid of the firm, the action was in response to numerous complaints by investors.

Division head Mohd Roslan Mahayudin said besides Bank Negara, the lead agency heading the operations and investigations, the ministry had also been receiving complaints over the past four months from people who had allegedly lost their investments.

“The decision to raid Genneva was carried out by a task force led by BNM to probe get-rich-quick schemes,” he said.

Sources familiar with the investigations said the company was being investigated for offences under money-laundering and deposit-taking laws.

Thoughts are Things - so choose your fate.

 "Khairy wants muslim protest against Sam Bacile. 

For islam or for his political gains? 

Are muslims wasting too much time and energy on this?"
~Ngeh Koo Ham

So Ngeh has apparently been insensitive to Muslim sentiments .....

The way I look at it- He only questioned the need for such a ruckus over some "non-movie" by some individual in some god-forsaken place in the US of A (which I bet 90% of them never even saw).

I'm no fan of this Ngeh fella - but for the life of me, I really don't see what was so insulting in the above tweet, which was a query .... 

Frankly, I too have wondered the same quite often (on previous "events"). 

The sad part is- none of his Muslim friends/ allies had enough gumption in them, to come to his defense for the rational, simple and legitimate query ....

But of course Malaysians cannot be left out of the action front....

Very "healthy competition" between PAS & UMNO political opportunists we see here- which is now paraded in the media as "United" in "defending Islam" (from some insignificant guy, on the other side of the world!!!) 
So now after walking the streets carrying Perkasa/PAS/ UMNO/ Hezbollah flags and telling "America" to "go to hell" (and burning what's apparently the hybrid flag of USA/Israel too- and God knows why)
- maybe they believe they have redeemed themselves.


Yes- I feel for them .... but, errr ...  never mind.
I just wonder if they proved their critics right.


Anyways, here's something to think about:-

Thoughts are Things
---Henry Van Dyke

I hold it true that thoughts are things;
They're endowed with bodies and breath and wings;
And that we send them forth to fill
The world with good results, or ill.

That which we call our secret thought
Speeds forth to earth's remotest spot,
Leaving its blessings or its woes
Like tracks behind it as it goes.

We build our future thought by thought,
For good or ill, yet know it not.
Yet, so the universe was wrought.

Thought is another name for fate;
Choose, then, thy destiny and wait,
For love brings love and hate brings hate.

Bury the Ghost of May 13, 1969? With UMNO- I don't think so !

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"Pride is an established conviction of 

one's own paramount worth in some particular respect, 

while vanity is the desire of rousing such a conviction in others, 

and it is generally accompanied by the secret hope of ultimately 

coming to the same conviction oneself."

~Arthur Schopenhauer

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

May 13, 1969 - it was either too far back in my memory or there was nothing significant happening in Port Dickson back then for me to remember anything (most likely the latter).
It is an event repeatedly resurrected by our UMNO/BN hoods to scare the people into submission to "gods" which walk the corridors of power, and consequently handing them power on a silver platter.

Yes- there was no other purpose for the dastardly events of May 13, (which incidentally UMNO holds as their crowning glory) other that FEAR.

While the people are willing to stop looking under their beds for ghosts which may lurk there- UMNO would not relent ... and so, they resurrect it again and again. They want it- they need it. 

Now that all PERKASA's sabre-rattling isn't working (and the people have pretty much gotten over it), they have to do something to imprint in deeper into their psyche- so this time they engage the pathetic FINAS to come up which something on the silver screen to servfe their purpose.

Just like any other political game- they will play their "Good cop, Bad cop" game; and that's where Mazlan- son of the famed Father (Dato' Harun- apparently a "central figure" in the event) comes into the picture.

"Umno veteran Datuk Mazlan Harun wants the public 

to lay to rest the ghost of a 1969 racial bloodbath 

— that could threaten the country's unity 

in the run-up to national polls due next year.

The son of the then Selangor mentri besar,

 opened up to The Malaysian Insider in an exclusive interview last week 

over reports of an incident at his father's home ......"

~ Time to bury 1969 bloodbath, says UMNO vet

I don't know Dato' Harun personally, although I did treat him once during his illness in his winter years- and he seemed like a pretty cool guy. I'm serious. However, "reading between the lines" and listening to the "unofficial versions" of May 13, gives a different picture of him- and UMNO.

So, despite all UMNO's propaganda that May 13 was a "racial" thingie, I'm inclined to believe that it was just the "politics of the capitalist sociopaths". (Whatever mask, beard, robe or skullcap they wear- most ruthless politicians are "capitalist sociopaths" anyway). 

Through and through, it was purely about power and money- whitewashed with "affirmative action" of racial privileges/supremacy, which ultimately manifested itself through 40yrs of the brain-numbing, racially divisive, apartheid policies of the NEP (New Economic Piracy). All these policies of course, came into full bloom in the era of the other central figure of May 13- none other than our beloved Proton Car Toon, Mr. Madey.

Be that as it may- not only are Malaysians willing to put it behind them and move forward, I believe that Malaysians are also willing to forgive the perpetrators of that massacre, for the sake of the future generations. So, just as Mazlan says, we all want to bury May 13 as well. 

However, I also believe that it cannot be buried in a shallow grave of lies and propaganda.
Not now, not ever.

The only way to "bury" May 13, 1969- is to declassify all documents, and have a truth & reconciliation commission. If the brutal Apartheid regime of South Africa can do for their decades of abuse- so can UMNO, for one incident.
There is no need to punish those (alive or dead) who were responsible & are willing to admit their faults- for the truth is of greater value for the nation.

Sweeping it under the carpet thru spin, silence or gag orders will only let it fester in the hearts and  minds of the young ones thru stories, lies, myths and speculation- which is what UMNO wants, so that it can hold the nation at ransom (aka blackmail).

Anyways- even if UMNO insists on playing the same old tired game of fear, I'm pretty much convinced that they wouldn't want it to happen themselves (after all, it is they who stand to lose the most with the collapse of the economy).
Moreover- I seriously doubt that my Malay brothers buy their hogwash and believe that it is the non-Malays who have (or will rob them of their money/dignity).

They too know who's playing the wayang/silat.....

NOTE:
Although it was Gerakan which had officially apologized for the conduct of their party members (Al-Mukmin, Hatta (2005). "Keranamu UMNO", p. 104. Abadi Publishing House) during the party rally, it is not known why UMNO buries this fact- and pins the blame squarely on DAP.

Here is an entry from Wikipedia:-

Incidents of violence continued to occur in the weeks after 13 May, with the targets now being not only Malay or Chinese but also Indian. It is argued that this showed that "the struggle has become more clearly than ever the Malay extremists' fight for total hegemony."^[8]

According to police figures, 196 people died^[9] and 149 were wounded. 753 cases of arson were logged and 211 vehicles were destroyed or severely damaged. Various other casualty figures have been given, with one thesis from a UC Berkeley academic, as well as Time, putting the total dead at ten times the government figure.^[8][10]

 

Conflicts in - Between the "spirit" & the 'letter"

Oddities in law

by Azmi Sharom

Brave New World (The Star)
8 August 2012

To the layman, what PKR’s Rafizi Ramli and former bank clerk Johari Mohamad did was for the greater public good when they exposed a scandal involving millions of ringgit which came from public coffers. So why prosecute them?

__________________________________________


IN the past two weeks a couple of legal oddities have come to light. The first is with regard to the Whistleblower Protection Act (WPA) and the second is with the University and University Colleges Act (UCCA).

The WPA has come into focus because of the arrest and charging of Rafizi Ramli and Johari Mohamad under the Banking and Financial Institutions Act (Bafia).

The question on many people’s mind is: Why are they being charged since what they did was to expose certain banking documents that uncovered the National Feedlot Centre scandal? In other words, shouldn’t these two men be protected by the WPA?

Let’s break down the legal situation in this case.

On the face of it, Rafizi and Johari did breach the Bafia. Rafizi exposed private banking documents and this is in contravention of section 97 of Bafia, while Johari is accused of aiding him and this falls foul of section 112.

To the layman, however, what they did was not for private gain but for the greater public good, exposing a scandal which involves millions of ringgit which came from public coffers. Why then should they be punished?

Now, here is where the legal oddity comes in. If we look at section 6 of the WPA, we find that a person can make a disclosure of information and he could be protected if that disclosure is not specifically prohibited by any written law. Rafizi’s disclosure is clearly prohibited by the Bafia.

Secondly, according to section 6 of the WPA, this disclosure ought to be made to an enforcement agency, which Rafizi did not do as he made the disclosure to the press.

Therefore, it does appear that the charging of these two men does not go against the letter of the law.

Whether it goes against the spirit of the law and of recent pronouncements made by the Government that they are against corruption, is another story altogether.

I would argue the section 6 provision that a disclosure must not be specifically prohibited by any law is problematic and should be removed from the WPA.

From my understanding, even if Rafizi had gone to an enforcement agency, for example the Malaysian Anti-Corruption Commission, he would still be unprotected as a whistle blower because the information he is disclosing to them is prohibited by the Bafia.

Yet, in this case, the uncovered information is important as it can help in the battle against corruption.

I submit that what is important is not whether the disclosure goes against any laws; what we should be focusing on is the effect of the disclosure.

That is to say, if the disclosure exposes a serious crime or evidence of corruption, then the fact that by disclosing the information the whistle blower is in breach of a law should not be a factor.

If the action of the whistle blower is for the public good, then this should be a defence against any law he may have broken.

Taking criminal law as an example: if I hit a man, then I have committed a crime. However, if I hit him because he would stab my mother if I did not, then I have a defence under the law.

With this in mind, it struck me as strange that the Attorney-General has seen it fit to prosecute Rafizi and Johari.

From my argument above, there is a shortcoming in the law, particularly the WPA.

What these two men did was in the public interest. There is no likelihood that the breach of the Bafia in this case is going to cause any serious implications.

After all, the only people who have anything to fear are the corrupt.

So, if there are concerns that foreigners won’t put their money in our banks, I would say they do not have anything to fear if they are not corrupt.

Now, to fix the WPA will take time. But surely, until that is done, the A-G can use his discretion to simply not prosecute these two men in this particular case. Does he not want to fight corruption?

The second legal oddity is a seeming contradiction in the UCCA.

The Deputy Minister for Higher Education pointed out that the amended UCCA allows university students to join political parties, yet at the same time it does not allow any party political activity on campus.

I agree with the Deputy Minister; this is a rather odd state of affairs. However, I don’t think it is the biggest issue with regard to the UCCA.

From my decades long experience with university students, joining a political party is not high on their list of priorities.

After all, what kind of political nerd are you to want to join a political party at the age of 19? The only thing you will experience from doing so is the loss of interest from the opposite sex.

No, from a political context what is more important is their general right to expression, assembly and association.

It would be churlish to say that the UCCA has not been improved by the recent amendments. For example, there is now a presumption that a student can join any group unless it is illegal or unless the university says they can’t. In the past, they could not join any organisation at all without the express permission of the university.

However, these improvements are rather shallow. Dig a little deeper and you will see that students can still be severely punished by the university for exercising their constitutional rights.

This is because the universities have disciplinary rules which do not respect the students’ constitutional rights. They all have very broad “offences” such as spoiling “the good name of the university” in their rule books.

So, if students take part in a perfectly legal demonstration for example, the university disciplinary board can still punish them for “spoiling the good name of the university”.

And this discipline board can really disrupt their lives. They can suspend or even expel a student with immediate effect.

This means that even if the student goes through the appeal process, he may have already wasted a semester or even longer.

The punishment takes effect before the appeal process can run its course.

Therefore, the university still has far too much power and seeing as it is unlikely they will temper this power with a respect for human rights and the Federal Constitution, the issue of the UCCA goes much further than whether a student can wave party political flags from his dorm window.