Call on everyone of Najib’s outgoing Cabinet Ministers to declare whether they or their family members own off-shore companies

Following the exclusive report by Malaysiakini yesterday that top Malaysian politicians, their family members and well-heeled associates are among those owning secretive offshore companies in Singapore and the British Virgin Islands, I call on every member of Datuk Seri Najib Razak’s outgoing Cabinet Ministers to declare whether they or their family members own off-shore companies.

From files obtained by the Washington-based International Confederation of Investigative Journalist (ICIJ) and examined by Malaysiakini, more than 1,500 Malaysians own offshore companies in Singapore as well as the British Virgin Islands (BVI).

Politicians and political operatives who own offshore companies include former prime minister Dr Mahathir Mohamad’s son Mirzan, Federal Territories and Urban Well-being Minister Raja Nong Chik Zainal Abidin and Michael Chia, the alleged ‘bagman’ for Sabah Chief Minister Musa Aman.

In an “exclusive” yesterday, Malaysiakini reported:

“The ICIJ list comprises a curious mix of Forbes-listed tycoons, parliamentarians, retired politicians, civil servants and their spouses, members of royal families, famous and infamous businesspeople, underworld kingpins and even former beauty queens.

“While some of the offshore companies carry out legitimate transactions, others are likely to be part of the RM871.4 billion estimated by Washington-based financial watchdog Global Financial Integrity (GFI) to have been lost through illicit outflows over a 10-year period.

“In 2010 alone, GFI reported that close to RM200 billion of dirty money was siphoned out of Malaysia, putting the country second only to Asian economic powerhouse China in global capital flight.”

Najib has been failing test after test as to whether he is serious and sincere in elevating accountability, transparency, integrity and good governance as major goals of his administration.