Guan Eng: Why no MACC, Bank Negara probe into Pandora Papers?

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MACC slammed for turning a blind eye towards the Pandora Papers leak.

Former finance minister Lim Guan Eng has questioned the absence of a MACC probe into Malaysians named in the Pandora Papers exposé.

He claimed that despite public pressure from opposition MPs, the MACC has stubbornly refused to launch an investigation.

He said more than 330 politicians from 90 countries had been exposed by the Pandora Papers leak for dubious accumulation of wealth and it included prominent Malaysians.

“This has raised public scepticism and doubts about MACC’s credibility and also justified suspicion that it will turn a blind eye when politicians supporting the government are involved,” he said in a statement today.

He said due to the lack of action by MACC against alleged money laundering by pro-government politicians, Bank Negara was the only other institution that could act against illicit financial outflows.

“Unfortunately, Bank Negara too appears to be following the MACC and is maintaining an unholy silence on this.”

As such, Lim said he was not surprised that Malaysia’s score in the global rule of law index had dipped, ranking 54th out of the 139 nations surveyed in the World Justice Project’s (WJP) Rule of Law Index 2021.

This contrasted with Malaysia’s ranking of 47th place out of 128 countries last year.

Lim said a full investigation into the alleged illicit outflow of funds must be launched.

“Malaysia can do well to restore public confidence and our position in the rule of law index by acting and punishing those involved.


“As well as recommend stringent measures to prevent illicit financial flows out of Malaysia, and how to improve transparency, accountability and good governance,” said Lim.

Meanwhile, Lim’s father and fellow DAP MP Lim Kit Siang called for a parliamentary probe into the Pandora Papers exposé.

In a statement today, he called upon de facto Law Minister Wan Junaidi Tuanku Jaafar to set up a new parliamentary select committee (PSC).

“The PSC should investigate how deeply secretive finance has infiltrated Malaysian politics – and offer recommendations (on) what the government should do to end offshore financial abuses.

“It should be given six months to complete its work.

“Minister in the Prime Minister’s Department Wan Junaidi should undertake the initiative to move a motion for the setting up of such a PSC on the Pandora Papers,” he said.

Kit Siang’s call came after Prime Minister Ismail Sabri Yaakob said the government was “open” to authorities taking action against those implicated in the Pandora Papers provided there was evidence of wrongdoing.

The prime minister also promised that Putrajaya would not interfere in such probes.

Opposition leader Anwar Ibrahim has been repeatedly thwarted in his attempts to have these revelations debated in the Dewan Rakyat.

Speaker Azhar Azizan Harun rejected his motion, saying the matter was not urgent enough for a debate but proposed it be brought before a PSC or Royal Commission of Inquiry instead.

Today, Kit Siang used Azhar’s proposal as one of his four reasons to back up the call for a PSC.

The Iskandar Puteri lawmaker reiterated that the Dewan Rakyat standing orders ought to be amended to allow PSCs to conduct public hearings.

The house is presently in recess and will reconvene on Oct 25.