Praveen's Feed
Jul 3, 2015

Malaysia fund slams report $700 million went to PM’s personal account

KUALA LUMPUR (Reuters) – Malaysia’s 1MDB said on Friday it never provided any funds to Prime Minister Najib Razak, responding to a report that close to $700 million was wired into Najib’s personal account from banks, government agencies and companies linked to the state fund.

The Wall Street Journal report, if true, would be the first time that the beleaguered prime minister has been directly linked to accusations of corruption surrounding the troubled fund.

Jun 9, 2015

Malaysian state fund 1MDB may scrap $3 bln power IPO -sources

KUALA LUMPUR, June 9 (Reuters) – Malaysian state investment
fund 1MDB is likely to abort plans for a $3 billion IPO of its
power unit and focus on an outright sale of its energy assets,
three people with direct knowledge of the deal said on Tuesday.

The gloom surrounding the Malaysian economy may limit
appetite for an IPO for Edra Global Energy, which could have
been Southeast Asia’s fifth-biggest, and several foreign firms
have expressed interest in a direct purchase of the assets.

Jun 3, 2015

Malaysian central bank launches formal enquiry into state fund 1MDB

KUALA LUMPUR, June 3 (Reuters) – Malaysia’s central bank
said on Wednesday it has launched a formal enquiry into
loss-making state investment fund 1MDB, and issued a legal
directive for information, to examine whether there had been any
violation of its rules.

1MDB, which owns property and energy assets and whose
advisory board is chaired by Malaysian Prime Minister Najib
Razak, has been dogged with controversy over nearly 42 billion
ringgit ($11.5 billion) in debt and alleged financial
mismanagement.

May 27, 2015

Malaysian police reveal grim secrets of jungle trafficking camps

BUKIT WANG BURMA, Malaysia (Reuters) – Malaysian police forensic teams, digging with hoes and shovels, on Tuesday began pulling out bodies from shallow graves found in abandoned jungle camps where an inter-governmental body said hundreds of victims of human traffickers may be buried.

The Malaysian government said it was investigating whether local forestry officials were involved with the people-smuggling gangs believed responsible for nearly 140 such graves discovered around grim camps along the border with Thailand.

May 26, 2015

In Malaysian trafficking camp, evidence of abuse and fear

BUKIT WANG BURMA, Malaysia (Reuters) – It’s a one-hour trek through thick jungle from the nearest road to the ramshackle camp along Malaysia’s northern border, but for all its remoteness this was a perfect setting for human traffickers to ply their grisly trade.

Prisoners could be kept alive with water from a stream running through the gully where the now-abandoned camp was nestled and, thanks to a good mobile phone signal from Thailand, they could communicate with accomplices across a trafficking supply chain that begins in Bangladesh and Myanmar.

May 26, 2015

Malaysian trafficking camps ‘abandoned after crackdown’

WANG KELIAN, Malaysia (Reuters) – Malaysian police believe at least two of the jungle camps where they have found nearly 140 graves of suspected human trafficking victims were abandoned in the last two to three weeks, around the time that Thailand launched a crackdown on people smugglers.

The first body removed from the site had been dead for around the same amount of time and may have been left unburied as the traffickers fled in a hurry from the area near the Thai border, the local police chief said.

May 25, 2015

Malaysia finds 139 suspected migrant graves: police chief

WANG KELIAN, Malaysia (Reuters) – Malaysia’s police chief said on Monday that 139 graves believed to contain the remains of migrants were found near the country’s border with Thailand, and that some graves contained more than one body.

The graves were found at 28 suspected human trafficking camps located around 500 metres (550 yards) from the border in northern Malaysia, said Inspector General of Police Khalid Abu Bakar.

May 24, 2015

Mass graves of suspected trafficking victims found in Malaysia

KUALA LUMPUR (Reuters) – Mass graves and suspected human trafficking detention camps have been discovered by Malaysian police in towns and villages bordering Thailand, the country’s home minister said on Sunday.

Home Minister Ahmad Zahid Hamidi said officials are determining whether the graves were of human trafficking victims, but did not say how many dead bodies were discovered.

May 21, 2015

Malaysia orders rescue of migrants, Myanmar to attend conference

KUALA LUMPUR/BANGKOK May 21 (Reuters) – Malaysia’s Prime
Minister Najib Razak said on Thursday he had ordered the navy to
rescue thousands of migrants adrift at sea, as a Thai official
said Myanmar had agreed to attend an emergency conference on the
crisis.

Diplomats say Myanmar has up to now resisted calls for it to
take part in meetings on the stranded “boat people”, many of
them Rohingya Muslims who have long complained of discrimination
in Myanmar.

May 21, 2015

Malaysia orders rescue of migrant boats, Thailand says no to shelters

KUALA LUMPUR/BANGKOK (Reuters) – Malaysian Prime Minister Najib Razak said on Thursday he had ordered the navy to conduct search and rescue missions for thousands of migrants adrift at sea as Thailand’s prime minister said his country would not provide shelter.

Southeast Asia is battling a migrant crisis that has seen hundreds of “boat people”, mostly Rohingya Muslims from Myanmar and Bangladeshi migrants who fled persecution and poverty at home or were abducted by traffickers, pushed back out to sea by Thailand, Malaysia and Indonesia.