Now Everyone Can Have A Pre Raya Celebration!

Yg Bhg Tan Sri Nor Shamsiah Binti Mohd Yunus, our BNM governor.

Updates @ 9:00 pm 1.5.2022

BNM Says A BIG NO To Joker Nazir & His Buddy Outfit!No Character And/Or Integrity

Yours truly believes that Bank Negara Malaysia (BNM) (Malaysia Central Bank) was founded on the two main pillars: “CHARACTER and INTEGRITY” and it is still good today. Both have been jealously guarded by the majority of the good officers past and present. Of course, there were and are a few black sheep like the Tingkat 4 lurking around.

Message to Yg Bhg Tan Sri Nor Shamsiah Binti Mohd Yunus, the Governor of BNM:

Syabas! At last you have risen to the occasion against the power that be and the little napoleon cum advisor in BNM and you have stood up for “Character and Integrity” and BNM. BNM’s decision of 29.4.2022 to award the digital banking licence to the five clean consortiums was a victory for “negaraku”! On behalf of our Malaysia, yours truly takes this opportunity to say a BIG Thank You to you and all the good officers with character and integrity in BNM!

On 29.4.2022 Bank Negara Malaysia (BNM) in a pre-Raya “ang pow” press release under Ref. No: 04/22/06, BNM had announced five successful applicants for digital banking licence. This press release came as a big surprise and it is a victory for common sense, “CHARACTER and INTEGRITY” / GOOD GOVERNANCE. Of course, the power that be, we all know who is that political pariah, never had “Character or Integrity”! It is most comforting to learn that when it comes to the image of BNM, as a national institution, BNM broke rank with that political pariah!

We trust that this decision was based on “Character and Integrity” and it will not be a flash in the pan but will always remain sacrosanct. We hope the Tingkat 4 fella will NOW be ashamed of himself and take the honourable step to RESIGN forthwith – BNM is not a playground for him!

The Two Musketeers! Zafrul & joker Nazir.

It was a big pleasant surprise to all because BigPay of PN17 AirAsia which is an outfit of Tony Fernandes, who is long time buddy of that un-elected senator Zafrul and his former boss, joker / player Nazir Razak! What a slap in the face and as the Malay saying goes “Padan Muka” for these two shameless Zafrul and Nazir!

ePemula – The Brainchild Of That Unelected Zafrul

In April 2022, that un-elected senator Zafrul, the good for nothing Minister of Finance, was jumping for joy to announce the disbursment of ePemula whereby he or his MoF had handpicked four companies to disburse RM300 million of ePemula subsidies via eWallet under the pretext of helping two million youths! If that was his noble intention, why not pay the ePemula of RM150 directly into the bank account of the youths instead of eWallet! Why tied the youths down in the eWallet platform? Was Zafrul trying to help certain friends of his or doing bidding for them? We all know the answer!

BigPay (a subsidiary of PN17 AirAsia), Touch ‘n Go, GrabPay, GrabPay and ShopeePay were the selected eWallet providers. At the material time, BNM had not officially announced which of the five companies that have been granted digital banking licence! That eager beaver Zafrul cannot wait to launch the ePemula for reason best known to him alone. We can smell from far this useless Zafrul’s move! Before the announcement by BNM or Zafrul, certain provider had already gone to town to advertise and promote their “Sure To Get Toy! It was as though it was pre-ordained to be awarded with the digital banking licence! Why are these people so daring to assume that they have already got the digital banking licence in their bag? Did he whisper to his special friends?

As of now, it has not been announced by the unelected Zafrul in what proportions the ePemula has been dished out to the selected four eWallet providers. This must be a national secret to Zafrul like the agreements for purchase of Covid 19 vaccines to the Minister of Health Khairy Jamaludin aka KJ!

BNM Delivered A Bombshell – Issuance Of Digital Banking Licence To Five Consortiums & BigPay / Nazir’s Ikhlas Capital Singapore Pte Ltd Were Excluded

On 29.4.2022, BNM had issued a press statement and officially announced that five companies have been awarded with digital banking licences. None of the original pre-ordained five consortiums are on the list! Thank God for that!

The five successful consortiums are as follows:

Three consortiums that are awarded with digital banking licence under Financial Services Act 2013:

  1. A consortium of Boost Holdings Sdn Bhd & RHB Bank Bhd;
  2. A consortium led by GXS Bank Pte Ltd & Kuok Brothers Sdn Bhd; and
  3. Consortium led by SEA Ltd & YTL Digital Capital Sdn Bhd.

Two consortiums are to be licensed under Islamic Financial Services Act 2013:

  1. A consortium of AEON Financial Services Co Ltd, AEON Credit Service (M) Sdn Bhd & MoneyLion Inc; and
  2. A consortium led by KAF Investment Bank Sdn Bhd.

“Three of the five consortium are majority-owned by Malaysians namely Boost Holdings and RHB Bank Bhd, Sea Limited and YTL Digital Capital Sdn Bhd and KAF Investment Sdn Bhd” said BNM.

In the said press statement, BNM had clarified its assessment criteria covers:

The CHARACTER and INTEGRITY of the applicants, nature and sufficiency of financial resources, soundness and feasibility of business and technology plan as well as ability to meaningfully address financial inclusion gaps.

Quoted from BNM’s press release of 29.4.2022

The above assessment criteria used by BNM is what a central bank of any nation in the world would have adhered to if good governance and transparency are of outmost importance to them. Had such assessment had been strictly practiced in BNM and its’ Board of Governance led by the financial genius of all time, TS Azman Yahya of Symphony House and Danaharta fame, the nation would have been spared of the anxieties of the digital banking licence being awarded to the wrong hand! This little napoleon is just “Tak Boleh Pakai Langsung” (cannot be used at all) type! Perhaps BNM and/or MoF has appointment issue under the watch of that unelected and good for nothing Zafrul!

Based on the criteria of “character and Integrity” alone, one of the original five companies could not even get near to it, let alone to meet the other criteria in the assessment chart! It is most doubtful that if the eager beaver unelected senator Zafrul, the “syok sendiri” Minister of Finance, had in the forefront of his thick skull that the corner stone of “character and integrity” are of paramount importance for nation building then he would not have launched or disbursed the ePemula in such a haste! Unfortunately, he could not wait until and after BNM had officially announced the five successful applicants for digital banking licence to do so.

Of course, there was a massive push from all fronts in BNM and MoF plus the help of certain MP in Malaysia and media / news portals and mercenary journalists to exert pressures upon BNM to make quick announcement before end of March 2022 that the original five that have been bestowed with the said licence. At that material time, the “news” appeared to have been generated from MoF and/or BNM were extremely strong that the success of the original five was already cast in stone and the BNM’s announcement would be just a mere formality!

Luckily Tan Sri Shamsiah and her advisors of good integrity may have been alerted of the “cartel” and took control of the situation. Hence, BNM applied an emergency break on the said announcement with the reason that BNM had to look into the legal aspects and the integrity of the twenty nine applicants, HERE.

It must be assumed that BNM is founded on “character and integrity” too. It would be out of character for BNM to put the digital banking licence on a silver platter for certain company to keep. It is an open secret that certain company was embroiled in massive international BIBERY SCANDALS involving RM200 million and the directors and/or officers are wanted in foreign country for money laundering and criminal misconducts (bribing government officials to get flying permits in India)!

The Good For Nothing Un-elected Zafrul

It seemed that eager beaver Zafrul’s motto was “DON’T ASK! GOPinjam!” When faced with financial burden then think about it later! At which time he will be out in the cold and other leaders and BNM will be burdened to pick up the pieces! BNM must stand up to stop Zafrul from his stupid agendas.

In any event, we cannot expect much from an elected Zafrul, who had to rely on special “Tongkat” (walking stick) from the power that be or special ‘payung (umbrella) …’ who can only help this fella to stand up / be appointed as minister but not able to teach him how to walk for the Rakyat! Another shameless bump like Syed Zaid Albar of SC! At least this Syed Zaid Albar has a little bit of honour left in him to resign but not for this eager beaver!

BIGPAY’S PARTNER IKHLAS CAPITAL SINGAPORE PTE LTD

The Ikhlas Capital Singapore Pte Ltd. Joker / Player Nazir Razak is the founding partner and Chairman.

Thank you governor BNM, Tan Sri Nor Shamsiah, you have listened and not tone deaf like the three shameless, which include Nazir Razak of Danajamin who is now helming a bank wholly owned by the rakyat and at the same time hiding behind a Singapore registered company Ikhlas Capital Singapore Pte Ltd to bid for digital banking licence!

According to the website, Ikhlas Capital Singapore Pte Ltd is an ASEAN private equity fund manager.

It is very strange that in most, if not all, of the press reports in connections with digital banking licence, the name of joker Nazir’s company had always been referred to as “IKHLAS CAPITAL “ without “Singapore Pte Ltd”! May be to the joker, it is due to special “Fung Sui” for market positioning!

How can Joker Nazir, the Zafrul’s appointed Chairman of a rakyat owned Bank Pembangunan behave in such a disgusting manner? How can this Joker / Player Nazir be allowed to play active role in his Singapore based Ikhlas Capital and at the same time Chairman of Bank Pembangunan. It can only happen in this Boleh Land!

BNM Must Remove Or Sack Joker Nazir As Head Of Bank Pembangunan Due To Unprofessional Conducts

Joker / Player Nazir Razak, chairman of Bank Pembangunan & Founder & Chairman Ikhlas Capital Singapore Pte Ltd. Ikhlas Capital Singapore Pte Ltd partners with BigPay to apply for digital banking licence in Malaysia!

BNM must now closely srutinise this joker Nazir’s position as Chairman of Bank Pembangun Bhd and Chairman of Ikhlas Capital Singapore Pte Ltd. It is under the purview of BNM to ensure “character and integrity” in person who head any financial institutions in Malaysia.

With that backdrop, this joker/player Nazir is the head of Bank Pembangunan and Ikhlas Capital Singapore Pte Ltd at the same time, he saw it fit to partner BigPay (a related company to PN17 AirAsia (AA) which was embroiled in the massive Airbus RM200 million bribery scandals and Tony Fernandes and a few of AA officers including Bo Lingam are wanted in India for criminal misconducts) to apply for a digital banking licence from BNM. Just wonder whether this joker had played an active role in the said application? All the evidence in the application documents have been laid before BNM so it could be easily examined the glaring evidence! The upright officers in BNM would have known whether this joker Nazir had played an active role in digital banking licence fiasco.

From what we have seen, they were sufficient evidence to show that he is not a fit and proper person to head a rakyat owned bank or for that matter any bank. Joker Nazir is riddled with conflicts of interest and unprofessional conducts! Nazir must be removed or sacked as the Chairman of Bank Pembangunan / Danajamin! Don’t expect the good for nothing Zafrul to lift a finger to do anything about it!

In the spirit of “Character and Integrity” BNM must take immediate step to remove joker/player Nazir or force him to RESIGN as the head of Bank Pembangunan failing which sack him!

Background stories:

Stay Tuned – Next Change soon after the Raya break in this coming week.

In the interim, wishing all Muslims “Selamat Hari Raya Aidilfitri Mohon Maaf Zahir dan Batin”.

11 thoughts on “Now Everyone Can Have A Pre Raya Celebration!

  1. Ha Ha Ha

    YB I was celebrating since yesterday when I heard about it. Good for BNM. I agree with the article – Victory to character and integrity!

  2. Chong

    Nazir Razak knew of the scandal involving the 2 criminals of AA and his good friend Tony Fernandes is wanted in India yet his co IKHLAS Capital joined partner with Tony’s BigPay to secure digital banking licence. He also knew AA is a PN17 co and yet Danajamin approved RM500 mil loan guarantee for AA. Such person has no self respect. He should not be allowed to remain as CEO of Bank Pembangunan.

  3. Harap pagar pagar makan padi

    Nazir was appointed by Zafrul to Bank Pembangunan for a purpose la! He is useless. He does not understand what is conflict of interest, integrity or good governance. His only vocab is opposite to integrity & good governance. He has no shame. He thought that he can fool Malaysians by his bullshits.

    He was appointed by his friend Zafrul to look after a bank. instead of running the bank for the rakyat, he gave out RM500mil loan guarantee to AirAsia his friend PN17 co. Now he was trying trying to get digital banking licencel. Now Iklas Capital has exposed his nonsense. He should not be sacked but thrown into the drain.

    BNM must not allow Nazir to head a bank. He is not fit to manage a kedai runcit la! Lets see what BNM is going to do about this.

  4. Franky

    Nazir: Do you know what is MALU? If you do, please resign to preserve yr father’s name otherwise carry on with your nonsense! Zafrul cannot protect you forever. Most probably Zafrul will be thrown out when PN is out!

    YB thank you for a good one. Do have a good holiday.

  5. Kenny

    From the grapevine Jamaludin ex-ceo of AXIATA was recruited by AA to smoothen the path for the digital banking licence. BNM stood its ground and threw BigPay / nazir co Ikhlas Capital out of the window. So at last Jamaludin also cannot help a PN17 co. PN17 means it is a financially sick company. BNM will be equally sick to grant the dig banking licence to BigPay a subsidiary of a sick co!

  6. Ptui! Ptui! Ptui!

    This mo…fu.. Nazir must not be allowed to look after financial institution. He should be sacked. BNM must act in the public interest especially Bank Pembangunan is owned by us. Then he can go and F… himself in London. What a greedy bast.ard!

  7. Another Con Job

    Nazir & Zafrul – 2 kali lima! Now Nazir was appointed to merge 5 banks! SME Bank. SME = Small Medium Entrepreneurs is under the Ministry of Entrepreneurs. SME is making goof profits. Why merge? What is the hidden agendas?

  8. Najim

    BNM must not be a toy of the corporate crooks. To exist with meaning, BNM must be independent from the incompetent minister of finance Tengku Zafrul.. The Ringgit & economy are sliding down thanks to Zafru’s incompetent.

  9. Mat

    Nazir & Zafrul should be dumped period otherwise our country will have to face more problems with cronyism and other stupid policies. These two idiots must be disposed of. BNM must not be a tool for Zafrul. He has no clue in the administration of the country. The worst Min of Finance MY ever had.

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