1MDB board of directors offers to resign after PAC report

The  board of directors of 1Malaysia Development Bhd (1MDB) had on Thursday morning collectively decided to offer its resignation to MoF Inc., which is the 100% shareholder. The board said on Thursday this had been a difficult decision to take but “we believe is the right thing to do, given the circumstances, in order to…

First NFCorp, Then 1MDB, Now EPF

Rafizi Ramli is at it again on 1MDB, this time taking a swipe at KWAP and the EPF. And sounding unwarranted alarm bells to rile the general public as he did with NFCorp who have in turn initiated a legal suit against him for the lies, distortions and misrepresentations. Added to that, Rafizi faces a…

NFCorp: Challenge on BAFIA, a delay tactic by Rafizi Ramli

Pandan MP and PKR secretary-general Rafizi Ramli’s move to challenge the constitutionality of the repealed BAFIA banking law he was charged with violating in his exposés on the National Feedlot Corporation (NFCorp) in 2012, is an attempt to avoid conviction. Free Malaysia Today reports: If Rafizi Ramli is found guilty, he could be liable to…

Rafizi Ramli’s BAFIA blunder will likely be his political downfall

It was almost forgotten that Bank Negara Malaysia and the police did a dawn raid on Parti Keadilan Rakyat (PKR) secretary general Mohd Rafizi Ramli some three years ago. Rafizi was arrested and charged for contravening the provisions of the Banking and Financial Institutions Act, 1989 (BAFIA). The Pandan member of parliament was accused of…