"....... I refer to the letter US$50 bil loan: M’sian gov’t not that stupid by Jeffrey.
In response to stories about .....a US$50 billion loan that have appeared on a number of Malaysian blogs, a story which I first published on the counter-terrorist finance website, Jeffrey states amongst other things:
‘Who has verified the authenticity and signatures of the letters mentioned in the report?I note that Jeffrey has discovered reports concerning my work and I, which can found on many parts of the Net, including here.
The story first originated from one Ganesh Sahathevan, was blown up by blogger Raja Petra Kamaruddin of Malaysia Today and picked up by Opposition Leader Lim Kit Siang. But who is Ganesh Sahathevan?’
.... I wish to point out the questions concerning this US$50 billion loan and Bank Negara's role in it were put to the bank’s assistant governor Zamani Abdul Ghani but which Zamani refused to answer.
This refusal formed part of the basis of what I reported at the website mentioned above.
Despite this publication, Zamani and Bank Negara have continued to maintain their silence - I doubt if one could describe it as an ‘elegant silence’ given Zamani's initial response: ‘Rubbish’.
..... The matter of Commercial IBT is a matter that I have questioned Bank Negara governor Zeti Akhtar Aziz about since 2003 - and for which I have NOT received a response.
Yet, in November 2003, Bank Negara despatched then Labuan International Financial Centre (Lofsa) director-general Rosnah Omar and Ratings Association Malaysia’s Suresh Menon to Australia to look into the matter of Commercial IBT, because ‘Lofsa was being criticised in the Malaysian Parliament [...] following agitation [...] by two Australians who were expatriate Malaysians’.
If this is not stupid, what is?
.... Or perhaps, this is a case where one of my pet phrases applies - ‘One has either been very stupid, or very devious’.
Therefore, perhaps now is a good time to ask, ‘But who is Jeffrey?’
I, meanwhile, continues to await some sensible response from Bank Negara on all matters raised over that past five years, but I’m not holding my breath. "
- Ganesh Sahathevan
Read HERE the article that first reported the USD 50 billion issue by Ganesh Sahathevan on the Terror-Finance Website