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Showing posts from February, 2016

The UK Fraud Act 2006 as model legislation in Malaysia

With current development involving financial crimes in Malaysia, I believe that by adopting a single and comprehensive legislation similar to UK Fraud Act 2006 will empower the investigators and prosecutors to execute their duties without any unwarranted pressure. This is vital because the independency of these agencies without hostile environment will allow them to investigate matters which are very much dear to the general public of Malaysia. Further, a successful prosecution will be deterrence for high profile fraudsters do not to commit such act for the benefit of the country’s economy. The perception of the public on these agencies especially on MACC (Malaysian Anti-Corruption Commission) as a body which only prey on the small fishes rather the big ones further deteriorates its reputation even though the Commission in the past played a significant role in reducing bribery and corruption.. As propagated by some quarters from the Malaysian public, this Commission needs to have...

A New World Order?

Last Saturday during a security conference in Munich, Germany, Russian Prime Minister Dmitry Medvedev made a thought-provoking statement that the world was in a new Cold War and that the West was to blame. He had pointed out the way West has had alienated Russia from world affairs and trying to isolated it because of its annexation of the Crimea. In term of international relations this will be a new beginning. The conflict between the West against the other civilisations is coming to near its end, with the West led by the United States of America and its allies trying to eliminate Isis/Isil/IS/Daesh in Syrian and Iraq. Now the West needs to look for new enemy by revisiting the clash of ideologies. Therefore the palpable target will be Russia and China. Before the West heads to that direction, the existing enemy needs to be eliminated. Therefore to start the propaganda, the West is allegedly creating soft conflicts as one has seen in Ukraine and the South China Sea to prepare the...