August 18, 2015
Yes, Mr. Pascal, Malaysia is a perfect example of how not to build and run a nation
The system has failed but political leaders and civil servants seem oblivious that the music has stopped for the game of musical chairs.
Moscow-based Investment Counselor Pascal Najadi has warned his former homeland in an emailed op-ed piece that while international confidence in Malaysia has plummeted, the powers-that-be are only worried about their own political survival, their offshore accounts and protecting their hoarded piles of cash unaccounted by the tax office. “The complete absence of leadership in such a situation is a novelty, arguably. We are observing the slow-motion crash of a nation, quite unique, especially in the case of Malaysia.”
“Malaysia has a government that shines through by its absence and is confirmed defunct. The international community has totally lost respect and confidence in the Malaysian Government.”
What has been observed from afar, said Pascal, is a multilayered musical chair dance going on among the ruling Barisan Nasional (BN) coalition, particular UMNO its main component. “The music has stopped weeks ago and the silence is deafening.”
Pascal, to those unfamiliar, is also the only child of murdered AmBank Founder Hussain Najadi. He wants to bring those who directed his father’s “politically-motivated killing” to justice.
Prime Minister Najib Abdul Razak, whose father and Second Prime Minister Abdul Razak was Hussain Najadi’s friend, has become his particular target through a faceBook campaign, #Justice for Hussain Najadi — AmBank Founder.
In an emailed brief Open Letter, adding to the op-ed, Pascal warned Najib that “your latest lie trying to make Malaysians believe that your AmBank Private Account credit in March 2013 of RM 2.6 billion was a donation by Saudi Arabia for the Malaysians fighting against the Islamic State (IS) was reckless and downright stupid”.
He pointed out that the US-led international coalition fighting against the IS started in the summer of 2014. “Malaysia has not been seen providing any troops,” said Pascal. “Your innuendo of changing dangerous state lies to the public and the world only makes things worse for you, your Cabinet, Umno, BN, and for all Malaysians. The ringgit and KLSE plunge continues. The bonds and markets plunge in Malaysia.”
“You should be ashamed in the face of God and yourself.” He reminded Najib that he has failed to address the RM42 billion 1MDB scandal, the unexplained RM2.6 billion in his personal banking accounts at AmBank Islamic private banking services before the last General Election in 2013 and various other financial scandals. “The scandals are threatening the financial system with their huge debt overhang.”
Pascal, resuming his op-ed, said the epic political and economic meltdown of Malaysia will make perfect case studies for universities all over the world to ponder for decades to come. “Bank Negara Governor Zeti Akhtar Aziz appeared in public, after weeks of absence, but only to put in a weak performance. She said nothing new except to express a determination to stay on.” She has failed to address and face the deep concerns on the part of international markets and partners in a time of crisis, he said.
“Malaysia is a perfect example of how not to build and run a nation, an example of absolute proof that a corruption-built and led sovereign society will ultimately fail,” he continued. “This also goes for a two-tier class citizen structure imposed by the government.”
“Apartheid, as a political and social system, failed terribly and was banned and criminalized under international law after it’s last official practitioner South Africa back in 1994.”
Moving forward, he said the time has to come to clean up and rebuild an ill-designed house and to let law and justice prevail through the front door so that all citizens, and foreigners in the country, can benefit from security as equals under the law.
“No one can be above the law,” said Pascal in a reference to Najib. “Those who break the law will have to face justice.” No VIP jets, no safe passage, but a protected escort into the courtroom to face justice, he summed up.