Panama Papers Revelations

Iceland's Prime Minister Sigmundur David Gunnlaugsson became the first major casualty of the Panama Papers revelations, stepping down yesterday after leaked files showed his wife owned an offshore firm with big claims on the country's collapsed banks.

The ruling Progressive Party's deputy leader Sigurdur Ingi Johannsson, who holds the fisheries and agriculture portfolio, told reporters that the party had proposed to their junior coalition partner, the Independence Party, that he become the new prime minister himself.

Several countries, including India and Australia, have started investigating those named for possible money laundering or tax evasion.

Russian president Vladimir Putin's proxies, the family of British Prime Minister David Cameron, Bollywood megastars Amitabh Bachan and Aishwarya Rai and footballer Lionel Messi, among others.

IN Malaysia many unexplained transactions in the 1MDB money trail involved offshore entities registered in the British Virgin Islands and Cayman Islands.

No investigations have been launched for the Panama Papers or the 2013 leaks. Several ministers have said it is not illegal to keep money overseas. Pressure might be stronger for action following the Panama Papers leak, as it comes amid corruption allegations against Najib. Najib denies wrongdoing and was cleared by the attorney-general.

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Rafizi Arrested - OSA

Pakatan (PKR) lawmaker Rafizi Ramli was arrested yesterday at the Parliament gate when he was on the way to fetch his son from his babysitter.

Rafizi was detained under section 8 of he OSA after revealing classified documents regarding the Lembaga Tabung Angkatan Tentera (LTAT).

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GE14 - BN to Handover PutraJaya

Former prime minister Mahathir Mohamad said the ruling party led by Prime Minister Najib Razak is likely to lose the next general election if it is conducted in a proper manner.

"If the elections (are held) in an orderly manner, without fuss, without playing with the ballot box and so on, I think BN will lose," Mahathir told Singapore’s Malay paper Berita Minggu.

The Straits Times (ST) reported Mahathir in the interview with its sister publication at his office in Kuala Lumpur, predicting a BN loss despite the opposition being "not very strong".

However the report did not elaborate, apart from the former premier saying the Malays had become a “minority” voting bloc with the Malay vote being “badly split”.

lvbala said;

Ex PM of Malaysia Tun Mahathir Mohamad predicted or rather I say commented that BN the current ruling party shall fall in the next GE14.

This is due to the numerous cases faced by PM Najib including possible murder & money laundering. He too have stressed if the election is to be run clean without any wrong doing, BN shall hand over Putrajaya to Opposition.

I would personally stress that BN have been facing numerous cases, blames and partly have been investigated by MACC. Of course anyone would say, "no one is guilty until proven" and I do agree. 

Initially taking the blame and facing the blame and accuses shall give a large impact on image of the party and we can be sure that it does give impact to the supporters.

And so, GE14 is around the corner within 2 years and it won't be very long to see the result of he down fall of ruling party.

What say you?

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