• Burmese
Sunday, May 18, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
34 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home News

Malaysia’s Mahathir Vows to Investigate Toppled Government

Reuters by Reuters
May 15, 2018
in News
Reading Time: 2 mins read
0 0
A A
Malaysia's newly elected Prime Minister, Mahathir Mohamad, attends a news conference in Menara Yayasan Selangor, Pataling Jaya, Malaysia, on Saturday. / Reuters

Malaysia's newly elected Prime Minister, Mahathir Mohamad, attends a news conference in Menara Yayasan Selangor, Pataling Jaya, Malaysia, on Saturday. / Reuters

3.4k
VIEWS
Share on FacebookShare on Twitter

KUALA LUMPUR — Malaysian Prime Minister Mahathir Mohamad vowed on Monday to investigate faults that may have been committed by the government toppled in last week’s general election, and said all ministries had been instructed not to destroy any documents.

Mahathir announced that he would appoint a new anti-corruption commission chief and replace the attorney-general who had cleared former Prime Minister Najib Razak of wrongdoing in a multi-billion-dollar scandal linked to the 1MDB state fund.

He also told a news conference that his government had a rough idea of the whereabouts of Malaysian financier Low Taek Jho, who is accused of links to a plot to siphon billions of dollars from the fund, 1Malaysia Development Berhad (1MDB).

RelatedPosts

Thai Court Issues Warrants Over Deadly Tower Collapse During Quake

Thai Court Issues Warrants Over Deadly Tower Collapse During Quake

May 16, 2025
285
Breaking the 60-Year Political Cycle in Myanmar

Breaking the 60-Year Political Cycle in Myanmar

May 12, 2025
1.2k
Inside the Myanmar Junta’s Post-Earthquake Theater of Control

Inside the Myanmar Junta’s Post-Earthquake Theater of Control

May 7, 2025
1.1k

Najib set up 1MDB in 2009 and previously served as chairman of its advisory board. He and the fund have denied wrongdoing.

Asked about other possible crimes, Mahathir said: “We cannot do everything at the same time at one go.”

“We have to take time. There are many faults committed by the previous government, but we cannot do everything in one day, so you have to be patient.”

Mahathir, who was Malaysia’s prime minister from 1981 to 2003, led his four-party alliance to victory against Barisan Nasional in last week’s general election, ousting a coalition that had ruled the Southeast Asian nation for six decades.

Moody’s Downbeat

Malaysia’s stock market fell sharply after opening on Monday, the first day of trading since Mahathir’s stunning triumph in the May 9 election. But it later recovered to close the day slightly higher.

Some analysts are concerned over populist promises that Mahathir’s alliance made during the election campaign, including plans to remove a goods and services tax, scrap toll fees, reinstate fuel subsidies and review Chinese investment deals.

Ratings agency Moody’s said on Monday that there was “little clarity” on the new government’s economic policy agenda and that if it fulfilled its campaign promises without adjustments it would be credit negative for the economy.

The main share index was initially dragged lower by falls in financial, telecom and airline shares, especially those with links to the former government, but closed to end the day 0.21 percent higher.

Shares in AirAsia Group Bhd fell as much as 10 percent after its chief Tony Fernandes apologized for endorsing former Prime Minister Najib Razak in the election.

The ringgit currency hit a four-month low of 3.9850 per dollar but stabilized off those lows.

Mahathir said last week that there was enough evidence to investigate Najib’s links to the 1MDB scandal and that authorities had moved to prevent his predecessor from leaving the country.

News broke in 2015 that about $700 million allegedly stolen from 1MDB had made its way into Najib’s personal bank accounts. Najib has said the deposit was a donation by an unnamed member of the Saudi royal family that had been largely returned.

Earlier, state news agency Bernama and other media reported that a former official of the anti-graft agency, MACC, had lodged a report against Najib on suspicion of blocking probes in cases involving 1MDB and a government pension fund.

Mahathir said he would appoint a new MACC chief on Tuesday.

The attorney-general who cleared Najib of wrongdoing in the 1MDB affair, Mohamed Apandi Ali, would be put on leave and replaced by the solicitor-general, he said.

Mohamed Apandi did not respond to a request for comment.

The government has also transferred the top bureaucrat in the finance ministry while the chairman of the state palm oil plantation agency, Felda, has resigned.

Your Thoughts …
Tags: CrimePolitics
Reuters

Reuters

...

Similar Picks:

Myanmar’s BGF: A Family-Run Criminal Enterprise With Friends Across Asia
Burma

Myanmar’s BGF: A Family-Run Criminal Enterprise With Friends Across Asia

by The Irrawaddy
May 22, 2024
36.9k

A new report by JFM spotlights the organized crime empire of junta-allied Karen warlord Saw Chit Thu and his family,...

Read moreDetails
Notorious Myanmar Arms Broker Convicted of Cash Smuggling in Singapore 
Burma

Notorious Myanmar Arms Broker Convicted of Cash Smuggling in Singapore 

by The Irrawaddy
January 8, 2024
28.7k

US-sanctioned Kyaw Min Oo and two accomplices were caught at Changi airport with over half a million dollars.

Read moreDetails
Myanmar Junta Detains Generals Who Surrendered to Resistance in Laukkai
Burma

Myanmar Junta Detains Generals Who Surrendered to Resistance in Laukkai

by The Irrawaddy
January 8, 2024
23.9k

The detention of the six brigadier generals is required under the military’s rules following last week’s surrender to the MNDAA,...

Read moreDetails
Myanmar Junta Reportedly Set to Prosecute High-Profile Businessmen for Corruption
Junta Cronies

Myanmar Junta Reportedly Set to Prosecute High-Profile Businessmen for Corruption

by The Irrawaddy
October 18, 2023
15.9k

Regime cronies Thein Win Zaw and Mu Mu Shein are set to follow former lieutenant general Moe Myint Tun as...

Read moreDetails
Myanmar’s Karen BGF Launches ‘Scam Crackdown’ After Chinese Celebs Abducted
Burma

Myanmar’s Karen BGF Launches ‘Scam Crackdown’ After Chinese Celebs Abducted

by Maung Kavi
January 16, 2025
14.9k

Junta-affiliated militia overseeing notorious transnational crime hub issues ‘clean-up’ message to Chinese tycoons in Myawaddy.  

Read moreDetails
Myanmar Civil Society, Burmanization, and the Bars and Coffee Shops of Thailand
Guest Column

Myanmar Civil Society, Burmanization, and the Bars and Coffee Shops of Thailand

by R. J. Aung and Tony Waters
November 18, 2023
10.8k

After the 2021 coup the donors, NGOs and CSOs of ‘Peaceland’ decamped from Yangon to Thailand, but their Western, ‘we-know-best’...

Read moreDetails
Load More
Next Post
Bags and clothes are seen at Hong Kong's first Gap Store before its opening in the financial Central district, November 25, 2011. / Reuters

Gap Apologizes for Selling T-shirt With ‘Incorrect Map’ of China

A KIA outpost. / The Irrawaddy

Tatmadaw Continues Attacks in Kachin State

No Result
View All Result

Recommended

How Myanmar Junta Uses Air Force to Fight Its Corner

How Myanmar Junta Uses Air Force to Fight Its Corner

5 days ago
1.2k
Myanmar Junta Leader Scores Diplomatic Win With Xi Meeting in Moscow

Myanmar Junta Leader Scores Diplomatic Win With Xi Meeting in Moscow

3 days ago
984

Most Read

  • Workers at Adidas Factory in Myanmar Strike for Living Wage

    Workers at Adidas Factory in Myanmar Strike for Living Wage

    shares
    Share 0 Tweet 0
  • Ousted Myanmar Envoy to UK Charged With Trespass in London Residence Row

    shares
    Share 0 Tweet 0
  • Three Japanese Firms Ditch Myanmar Port Project

    shares
    Share 0 Tweet 0
  • Myanmar Junta Abandons Chinese Pipeline Amid Resistance Attacks

    shares
    Share 0 Tweet 0
  • Regime’s Moscow Show Masks Military Collapse in Myanmar; and More

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.