Monday, September 24, 2018

More Exposés on Najib Razak

Najib Razak (left) didn’t just steal from 1MDB. He also did a Houdini on money from other sources that was meant for other purposes. 

Najib’s administration failed to refund the Goods and Services Tax input tax amounting to RM19.397 billion as of 31 May, 2018. This was due to the BN government not transferring sufficient funds to the GST Refunds Trust Account. And this affected 121,429 individuals and companies who have not received their monies in 2015, 2016, 2017 and 2018. 

Najib and the previous government also failed to refund the excess income tax and real property gains tax paid by taxpayers totalling RM16.046 billion, also as of 31 May 2018 – this involved a total of 1,653,786 cases. The arrears in tax refunds was because the Cash Management Committee in the Finance Ministry failed to allocate enough money to the Tax Refunds Trust Fund as requested by the Inland Revenue Board of Malaysia. 

And the RM11.86 billion in the government’s consolidated revenue account as at December 31, 2017 plunged to RM450 million as at April 30, 2018 – due to overspending in the four-month period from January to April this year. 

According to Finance Minister Lim Guan Eng (right), government regulations only permit the consolidated account to be used for management expenditure – instead, the money was used to help BN win GE14. (Of course, we know the money spent was in vain since BN lost). 

I’m expecting the Attorney-General's Chambers to send more indictments Najib's way. 

The above-mentioned cases are clearly criminal breaches of trust! And we must make sure  that Najib and his accomplices don’t get away with it! 

In the Scottish Premiership match on Sunday, Celtic surrendered a lead before slumping to a 2-1 defeat to Kilmarnock. A poor game from the Scottish champions.

This morning, I had my Indomie & Coke fix again. It may just become a weekly affair:

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