Pakatan Harapan Rakyat Sabah

Sabtu, 25 Jun 2016

*KENYATAAN YB TAN SRI DATO' HJ MUHYIDDIN HJ MOHD YASSIN*

*KENYATAAN YB TAN SRI DATO' HJ MUHYIDDIN HJ MOHD YASSIN*

Setelah lebih empat dekad saya melalui perit jerih dan suka duka perjuangan di dalam UMNO, semalam Majlis Tertinggi membuat keputusan untuk memecat saya daripada parti. Saya tidak pernah meninggalkan perjuangan parti atau mengkhianati parti. Saya cuma berkata benar kerana itulah prinsip yang saya junjung dalam perjuangan saya.

Malangnya saya dipecat kerana apa yang saya perkatakan selama ini menyentuh skandal moral dan kewangan paling besar dalam sejarah UMNO dan negara yang melibatkan Perdana Menteri. Sahabat saya Datuk Seri Mukhriz Mahathir juga dipecat dan Datuk Seri Shafie Apdal digantung keahlian. Segala-galanya berlaku hanya kerana kami mengambil langkah berani menegur Perdana Menteri yang sudah jauh tersasar daripada perjuangan UMNO yang asal.

Saya berasa kecewa kerana UMNO yang ada pada hari ini bukan lagi UMNO yang sebenar. Ia telah berubah menjadi sebuah parti yang dikuasai hanya oleh seorang individu yang sanggup melakukan apa sahaja untuk menutup kesalahannya dan menyelamatkan dirinya. Mereka yang melakukan perbuatan jenayah yang merosakkan imej parti dan integriti tidak menerima hukuman yang setimpal. Sebaliknya, mereka yang berjuang untuk menegakkan kebenaran dan keadilan dipecat daripada parti.

Mereka yang menguasai UMNO boleh melakukan apa sahaja terhadap saya, namun saya tidak rela hidup melutut. Bukan prinsip saya untuk tunduk bersekongkol dengan perbuatan jahat seorang pemimpin yang merosakkan bangsa dan negara.

Keputusan pemecatan saya ini telah pun saya duga dari awal. Maka semalam berakhirlah sejarah panjang perjalanan hidup saya yang penuh liku di dalam UMNO. Sejarah ini akan terus terpahat dalam ingatan saya kerana UMNO telah sekian lama menjadi sebahagian daripada denyut nadi dan darah daging saya. Hakikat ini tidak boleh dinafikan oleh sesiapapun hatta diri saya sendiri. Saya tidak pernah mengkhianati UMNO. Saya hanya menentang pemimpin UMNO yang korup dan menyeleweng.

Namun, jika mereka beranggapan perjuangan saya berkubur di sini, mereka silap. Saya akan terus berjuang selagi hayat dikandung badan. Biarlah mereka memecat saya dan melakukan apa sahaja untuk melunturkan semangat juang saya. Obor perjuangan di dalam jiwa saya akan terus menyala.

Walaupun tindakan terhadap saya daripada penggantungan jawatan sehingga pemecatan saya daripada parti bercanggah dengan proses keadilan dan tidak berperlembagaan, saya tidak akan merayu.

Saya redha dengan ketentuan Allah s.w.t. Saya telah melaksanakan tanggungjawab saya sebagai pemimpin UMNO dan akan tetap terus melaksanakan tanggungjawab saya kepada agama, bangsa dan negara seperti pejuang-pejuang bangsa kita sebelum ini. Bangkitlah bangsa Melayu memperjuangkan nilai-nilai moral dan integriti supaya kita tidak mudah diperkotak-katikkan oleh pemimpin yang rasuah dan tamak haloba.

Kepada para penyokong, saya tahu anda memahami pendirian saya. Teruskanlah perjuangan menegakkan kebenaran dan membela tanah air tercinta walau di mana sahaja anda berada. InsyaAllah kita akan terus bersama dalam perjuangan suci ini.

Kepada seluruh rakyat Malaysia, saya yakin anda boleh menilai yang mana benar dan yang mana salah, yang mana baik dan yang mana buruk. Anda pastinya tidak rela membiarkan negara ini diperlakukan sewenang-wenangnya oleh pemimpin yang rakus menyalahgunakan kuasa. Sebagai rakyat, anda berhak untuk membuat perhitungan yang terbaik demi masa depan anda, keluarga dan negara.

Saya menganggap pemecatan saya ini adalah satu lagi dugaan Allah s.w.t terhadap saya dalam bulan Ramadhan yang mulia ini. Saya yakin segala yang berlaku ada hikmahnya. Saya berdoa semoga sentiasa diberikan ketabahan dan kesabaran dalam menghadapi ujian Allah dan segala urusan kita akan dipermudahkan oleh-Nya.

Allah s.w.t berfirman dalam Surah At-Taghabun ayat 11 yang bermaksud:

"Tidak ada kesusahan (atau bala bencana) yang menimpa seseorang melainkan dengan izin Allah, dan sesiapa yang beriman kepada Allah, Allah akan memimpin hatinya (untuk menerima apa yang telah berlaku dengan tenang dan sabar) , dan ingatlah Allah maha mengetahui akan tiap- tiap sesuatu"

Sempena bulan Ramadhan yang mulia dan Syawal yang bakal menjelma, saya menyusun sepuluh jari memohon kemaafan daripada seluruh ahli UMNO sekiranya terdapat sebarang kesilapan yang saya lakukan sepanjang saya berada di dalam parti.

Selamat tinggal UMNO.

Kepada Allah saya berserah.

*TAN SRI MUHYIDDIN YASSIN*
25 Jun 2016

Rabu, 22 Jun 2016

Najadi Takes His Case To The United Nations

Najadi Takes His Case To The United Nations

22 JUN 2016

The perceived paralysis of law and order in present day Malaysia has led to a ground-breaking and potentially humiliating development, where the son of the assassinated banker Hussein Najadi has asked the United Nations to intervene to investigate the crime.

Pascal Najadi slapped his petition into the Geneva based Human Rights Council on Monday, saying that he and his family have been made desperate by the blatant refusal of the Malaysian authorities to properly investigate his father’s murder.

Son Pascal Najadi has campaigned to identify the people behind his father’s murder

He cites the fact that Najadi was criticising suspicious transactions at AmBank, linked to the present Prime Minister, shortly before his death, as the most likely reason for the inertia on the part of the Malaysian investigators.

The veteran, aged 75, was gunned down in the street in KL in July 2013 after threatening to blow the whistle on what he described as massive corruption at the bank, which he had founded and was still an advisor to, according to his son.

Subsequently, it has been established that Najib had indeed accumulated over a billion dollars in his personal accounts at Ambank, in readiness for the general election in March.

The Prime Minister claims this was an anonymous donation to help UMNO win, but evidence is mounting that it was cash siphoned from the scandal-hit development fund 1MDB.

Much of the money was later transferred back out of KL following the election and the subsequent trail is subject to investigations across several countries, in what is believed to be the world’s largest money laundering investigation.

Tranches of the cash have been frozen by the Singapore authorities and money is also believed to have been frozen in Hong Kong, where it has been alleged much of the AmBank funds were moved to next, following suspicious transaction alerts by Singapore.

Special Rapporteur for Arbitrary Executions

Under UN procedure the Najadi family lawyers have addressed their complaint to the Special Rapporteur for Arbitrary Executions, whose remit they say includes the situation facing the murdered banker.

“Certain lines of enquiry have not been followed in the investigation into the murder of Hussein Najadi – purposefully not pursued – which would have included exploring the motives for executing Najadi, including his noted vocal criticism of Najib Razak’s regime, corruption and Najib himself” says Nick Kauffman, Najadi’s lawyer.


Kauffman refers specifically to the failure to press charges against the man who was identified by police as the man who hired the hitman, who has already been jailed.  Lim Yuen Soo was on a Red Notice list for 2 years charged with the murder, but was only eventually arrested after major publicity last year.

He was held secretly by Malaysian police for 8 days and then released on grounds of insufficient evidence.

‘Either he was the wrong man, in which case what has been done to find the right one, or he was exonerated because there was insufficient evidence, in which case why have the Malaysian authorities failed to pursue the case sufficiently to get that evidence?” says Kauffman


The Najadi family have complained there has been virtually no investigation of the background to the case and that they themselves were never questioned about the potential motives.

Hired hitman, Koong Swee Kwan has been sentenced to death – another classic Malaysian fall guy?

It is now for the Special Rapporteur to decide if there is evidence of a deliberate failure to pursue normal enquiries and procedures in this case and if the UN agrees the complaint is admissible, which is discretionary, the Rapporteur has the ability to issue a letter of allegations to Malaysia to request cooperation in further discovery of the case. Pascal Najadi told Sarawak Report:

“We demand that Malaysia conducts a proper investigation in to the Hussain Najadi Assassination and to shed light on the role of the alleged mastermind Lim Yuen Soo that was on Red Notice alert with INTERPOL for two years. For us the survivors it is a difficult process not being able to find closure. It is a constant struggle but, as with life, we will not give up.”


Malaysia is entitled to ignore the process, an option its rogue prime minister could well fall back on, as the country’s credibility erodes further on matters of law and order and human rights

http://sarawakreport.us2.list-manage1.com/track/click?u=57b26bbe9d2acafa19363b0d2&id=a73ac65900&e=d806eda40a

Selasa, 21 Jun 2016

The Dots Join Up - Irish Angle on 1MDB Confirms Jho Low Link To Goldman Sachs

The Dots Join Up - Irish Angle on 1MDB Confirms Jho Low Link To Goldman Sachs

20 JUN 2016

Claridge’s, part of the Maybourne/ Coroin Hotel Group targeted by Jho Low using 1MDB money

Way back in May 2014, Sarawak Report noted that reports from Ireland and also from a British High Courtjudgement made clear that Najib’s 1MDB proxy, Jho Low, was using money from the development fund to back his own private equity ventures.

Specifically, in April 2011, Low had acquired a controlling debt over one of Britain’s top hotel chains, the Maybourne/Coroin Hotel Group which included Claridge’s and The Connaught, thanks to a £49.1 million sum provided by 1MDB.

Using this leverage Jho Low went on to try and buy out the whole group from its wary shareholders, who were plainly suspicious that the young businessman could seriously drum up the billion pounds plus that he was offering.  According to the closely-written judgement on the matter by a British High Court Judge Jho Low was claiming that he was backed by none other than 1MDB:

“(50).  The Malaysian based investor was Jho Low, a businessman with some backing from a Malaysian sovereign wealth fund. Through an entity called The Wynton Group, offers were made to the company and its shareholders in January and February 2011….

(138)…… The provision on 15 January 2011 of a letter from 1 Malaysian Berhad, an investment vehicle wholly owned by the Malaysian government, confirming its support for the offer, did not allay the concerns of the majority of the shareholders. A further letter from Wynton dated 24 January 2011 stated that the financing for the offer had “in principle” been fully underwritten by Malaysian government-backed investment funds. [Honourable Mr Justice David Richards]


Sarawak Report at that time further cited Irish press reports that confirmed via contacts in NAMA (the official agency tasked with managing post-crisis bankruptsy issues in Ireland) that the £49.1 million/€57 million employed by Low to buy out the controlling debt in Maybourne was indeed provided by 1MDB:

The Irish press reported that Jho Low had used 1MDB money for this private venture

That the money gained Jho Low’s private company Wynton capital control of the debt was confirmed in the High Court Judgement:

“(204). ….There was competition to purchase the debt. NAMA was approached by those acting for Wynton early in March 2011 and an offer to purchase the debt for £49.1 million was made by Wynton on 21 March 2011. The Barclay interests were not prepared to offer as much, so NAMA accepted Wynton’s offer and on 4 April 2011 executed an assignment in favour of JQ2 Limited, a company associated with Wynton and used as the vehicle for the purchase.


Yet, despite this solid evidence Low, the bosses at 1MDB and indeed the Finance Minister himself, all continued to lie throughout the rest of 2014 and 2015, by denying that Low had held any continuing relationship with 1MDB beyond May 2009, when he supposedly gave up his role as ‘Advisor’ to the fund.

Over the past year mounds more evidence have accumulated to prove how extensively they were lying.

Not only does the PetroSaudi data passed to Sarawak Report, the Sunday Times and The Edge (and now in the hands of global regulators) show how Jho Low was involved in orchestrating every move at 1MDB on behalf of the Prime Minister.

1MDB’s own Board minutes, referred to in the Public Accounts Committee’s now published report, also show that Low was attending crucial meetings of 1MDB’s Board and relaying instructions from the Prime Minister on key investment decisions via his mobile phone.

Proof of the £49.1 payment from 1MDB via Bank Negara 

But this is not all.  Sarawak Report went on to obtaindocuments from Bank Negara’s own enquiry in April 2011 into violations by 1MDB, which further prove that the money Jho Low used to buy out the debt option from NAMA came from 1MDB.

Our copy of a criminal investigation report by the Central Bank (which went on to fine 1MDB and demand the return of the entire US$1.83 billion linked to its initial venture with the company PetroSaudi) lists clearly that Low was forwarded the money to his company JQ2 on 4th April 2011:

1MDB agreed to pay £46.32 million to the very companies used by Jho Low for the hotel bid JQ1 / JQ2

What’s more this document shows that once again this proxy to Najib Razak along with his colleagues at 1MDB brazenly lied outright when they explained to the Central Bank why they wanted the money.

According to their application 1MDB informed the bank that:

“(a) The investment is a government to government initiative (i.e. Malaysia and Abu Dhabi). 1MDB has been instructed to carry out and execute this investment by its shareholder, MOF Inc (Approval from MOF obtained 30 March 2011).

and

(b) The investment will bring in new investment namely through Aabar consortium which is looking into establishing a leading Hotel Management School in Malaysia”


Bank Negara went on to approve this application on the rationale that this injection of public money would therefore:

“Initiate business relationship for subsequent direct investment by Abu Dhbi companies into Malaysia to set up a world class hotel management school within the KLIFD and Bandar Malaysia”


In other words, Jho Low and his accomplice, the Prime Minister, had presented a staggering set of lies to the Central Bank about what was a well-recorded private bid by his private company Wynton Capital to buy out London’s top hotel group.

Once again the duo had talked loudly about a ‘government to government’ initiative (this time with Abu Dhabi) when, as with the venture with PetroSaudi, this was merely a private company venture.  And, once again, the businessman and his political boss were waxing on about spurring ‘Middle East” investment into Malaysia through the deal to create jobs in KL.

There has of course been no sign of a ‘world class hotel management school’ funded by Aabar in KL. It was all rubbish and yet again the thousands of 1MDB promoted jobs boasted about by Najib never materialised.

Reference to the ‘single shareholder’ showed who was calling the shots

Particularly significant in this document also, is the early reference to the fact that 1MDB was “instructed to carry out and execute this investment” by none other than its single shareholder, the Minister of Finance Inc. i.e. the Prime Minister and Chairman of the Advisory Board, Najib Razak.

Najib denied his direct control and management of 1MDB for months and months after the initial scandal exploded last year, a fact that has now been definitively proven. Yet, even when forced to admit he was the only person able to sign off decisions and that indeed his signature was on every order, Najib last month continued to imply that he wasn’t really involved and was just signing stuff off.

The Minister of Finance, Najib Razak, approved this investment on the basis of a blatant lie

What this document shows is that, to the contrary, Najib was handing out specific orders on investment decisions, based squarely on his capacity as sole shareholder and under the Section 117, which he had specifically inserted into 1MDB’s constitition to enable him to over-rule the Board.

Bank Negara was therefore informed that the Minister of Finance had instructed for this “Hotel Management School” investment to be launched by an order signed by him on March 30th 2011.  No more questions.

It is therefore an unavoidable conclusion that the Prime Minister condoned a lie.  He sanctioned a private bid for London’s Coroin Hotel Group, while pretending he was interested in building a Hotel Management School in Kuala Lumpur to help Malaysians develop world class skills in the hospitality field.

It is a small relief that when Coroin/ Maybourne shareholders decided they did not trust Jho Low and his proclaimed 1MDB backing that this relatively small sum of money was returned to Malaysia 13th March 2013.

Billions more that was misappropriated through so-called ‘government to government investments’ of this nature are still missing.

Small mercies? This relatively tiny sum is the only amount so far recorded as returned by 1MDB

Intriguingly, the Bank Negara report makes clear the bank didn’t learn the true destination of this money funnelled through Jho Low’s companies, until it read Sarawak Report in May 2014.

Irish Independent picks up on Goldman Sachs reference letter for Jho Low

All this compelling evidence of outrageous deceit and lies is now, of course, being covered up in Malaysia, by a Prime Minister who has directed the forces of law and order to drop investigations into misappropriations involving himself.

However, the rest of the world is still unravelling the matter, including the Irish press, which has continued to follow the activities of NAMA (the National Asset Management Agency) tasked with disposing of assets belonging to Irish investors, who had got into trouble during the global financial crisis of 2008.

NAMA had sold the debt opportunity to Jho Low, who together with his new partners at the Aabar fund and the secretive backing of 1MDB, was trying to wrest control of the Coroin/Maybourne Hotel Group.

In its major update today, therefore, the Irish Independent has revealed new information, apparently from NAMA sources, which confirms that the now notorious unauthorised “letter of recommendation” for a politically connected person by Goldman Sachs, which led to the formal dismissal of its Southeast Asia Head Tim Leissner, was indeed on behalf of Jho Low and is therefore directly connected to the 1MDB affair:

Jho Low was back trying to buy assets off NAMA (Ireland’s “bad bank”) using a letter of recommendation from Goldman – So, was 1MDB again mentioned as a backer?

The paper says that Leissner provided the recommendation so support further efforts by Jho Low to buy more distressed assets from NAMA in June 2015 (months after the 1MDB scandal had broken with the revelation of the PetroSaudi data by Sarawak Report).  The paper writes:

“Tim Leissner, who had close ties to the Malaysian sovereign wealth fund 1MDB and was considered Goldman Sach’s point man in Singapore dealing with the fund, was interviewed on January 19 this year in relation to “inaccurate and unauthorised statements” made by him in a June 2015 reference letter.


According to filings with the Financial Industry Regulatory Authority, the US securities industry’s self-regulating body, the letter was written without Goldman Sach’s knowledge or approval.

Sources close to the case said Leissner’s letter had included details about the finances of his client, who is believed to be well-known Malaysian tycoon Jho Low, while overstating the extent to which Goldman Sachs had done due diligence on him.


The letter, which vouched for Low and his finances to a financial institution in Europe, was to be used to help Low reach a deal to buy real estate from the National Asset Management Agency, it is believed.

A day after Goldman Sachs quizzed Leissner over the unauthorised assurance letter, he tendered his resignation with immediate effect. It is not clear if Low progressed any deal with Nama on foot of the letter.


The London Hotel bid fell through in 2011 and documents show that Low returned the £49.1 million he had taken out of 1MDB to pursue this private venture…. or was it in fact a secret venture on behalf of 1MDB, which he claims not to have been representing?

Meanwhile, in 2012 1MDB embarked on a series of enormous bond deals together with Goldman Sachs, which raised a total of US$6.5 billion.  The fact that much of that money has gone missing is the reason why Goldman Sachs is being heavily probed by the US authorities.

There can be little doubt that Leissner wrote this unauthorised and insufficiently validated letter of recommendation for Low as a favour to a key player at his top client.  And he has paid the price, now that his bank is under the pressure of scrutiny by regulators.

However, the question that remains to be answered is whether this later deal being pursued once again with NAMA in 2015 was also conducted on the basis of alleged backing by 1MDB.

The details of this letter should be made public, in the interests of proper transparency in this investigation into the disappearance of huge sums of Malaysian public money.

http://sarawakreport.us2.list-manage1.com/track/click?u=57b26bbe9d2acafa19363b0d2&id=b9f9937ba6&e=d806eda40a

Ahad, 19 Jun 2016

PANAZZZZ ! Rekod RM2.6 Bilion Najib DiPecahkan ..... oleh Najib ! Pendedahan Panas Dari Mukhriz

PANAZZZZ ! Rekod RM2.6 Bilion Najib DiPecahkan ..... oleh Najib ! Pendedahan Panas Dari Mukhriz

MENGEJUTKAN! pendedahan terbaru dari Mukhriz ketika bercakap dalam satu majlis bersama Ketua2 Cawangan dan ahli2 Umno sekitar Kota Bharu semalam.

Selama ini kita disajikan dengan cerita RM2.6 bilion dan Najib kononnya telah pulangkan RM2.03 bilion kepada penderma, maknanya Najib hanya belanja sekitar RM600 juta je.

Semuanya bersandarkan kepada angka 2.6 bilion. Itulah yang telah diterima oleh Najib ... tak lebih dan tak kurang.

Pernah tak terfikir yang Najib mungkin ada terima LEBIH DARIPADA 2.6 BILION ?

Woooooo...... ni dah jadi cerita lain ni ! Tapi kemungkinan itu tetap ada kan ? Yalah ... selama ini pun Najib tidak pernah tunjuk apa2 bukti pun, contohnya penyata bank yang menunjukkan baki dan transaksi2 dalam akaunnya.

Dan WSJ pula hanya dedahkan apa yang mereka tahu dan yang menurut mereka, ada buktinya. Itu pun baru ini, angka asal sudah dinaikkan bersandarkan bukti baru yang mereka terima. Dari angka asal US$681 juta kini dah jadi US$1 bilion ! Mungkin saja angka itu bakal berubah jika ada penemuan baru lagi ?

Segalanya mungkin .... sebab Najib tidak pernah mahu berterus terang ! Najib hanya mengaku jika sudah terkantoi.

Sekali lagi, siapa saja yang tahu berapa sebenarnya jumlah deposit yang masuk ke dalam akaun Najib ?

Kalau yang RM2.6 bilion itu pun Najib pandai buat senyap, siapa berani kata yang tidak ada lagi deposit lain ?

Tonton dan baca dulu transkrip di bawah -

KLiK untuk ke Youtube.

Saya terkejut apabila dalam satu perjumpaan Pengerusi2 Umno Negeri dengan Presiden Parti. Saya hadir sama dan semua Pengerusi Perhubungan pun ada sama. Dan ketika itu, bila saya tanya mengenai 2.6 bilion ini, Setiausaha Agong Ku Nan pula yang menyampok ( bila ) Presiden tak jawab, dia kata -

Sebenarnya kita banyak menggunakan wang ini untuk PRU13, dia kata .... kita kena belanja banyak nak pastikan kita menang. Tapi dia kata dia tak bolehlah nak kata berapa banyak dia belanja.

Tiba2 Presiden menyampuk dia kata, saya boleh kata berapa kita belanja. Katanya pada PRU13, kita telah belanja 1.5 Bilion Ringgit !

1.5 Bilion Ringgit !

Saya terkejut bila saya dengar Presiden kata begitu, sebab saya kata .. 1.5 bilion dan kita kalah 7 kerusi Parlimen !? Kita tak boleh nak menyamai ataupun dapat keputusan lebih baik daripada PRU12... zaman Pak Lah dulu.

Dan Ku Nan ni berkata,  You tahu apa, you orang muda lagi... dia kata kat saya. Saya kata orang muda ini telah menawan balik negeri Kedah. Kita telah menyumbang daripada 4 kerusi naik jadi 10 kerusi Parlimen. Dan kita telah berjaya menawan balik hati rakyat Kedah daripada Pas. Jadi jangan nak perlekehkan keupayaan Umno Kedah.

Saya duk fikir balik ..... 1.5 bilion, ke mana pergi duit itu ? Saya tak nampak yang kita dah belanja banyak macam itu. Dan hasilnya tak berapa memberangsangkan. Dulu2 kita tak pernah belanja duit macam itu pun kita boleh menang 2/3.

Satu lagi perkara, yang saya rasa pelik dan hairan .... 2.6 bilion yang dia terima katanya dari derma Arab ... kalau tolak 1.5 bilion belanja PRU13, maksudnya tinggal 1.1 bilion Ringgit. Macamana dia boleh kata dia pulangkan 2.03 bilion balik kat Arab tu ?

Daripada 1.1 bilion naik jadi 2 bilion ? Benda tu saya ingat budak kecil pun boleh faham. .. yang angka2 ni semua tak betul.

Bohong punya bohong .. dah jadi bertimbun2, kita pun dah tahu yang mana benar dan yang mana tak benar. Tapi yang saya ingat, lebihkurang 100%  tak betul !

                                                 *******************************

1.5 bilion sudah dibelanjakan  ....... campur 2.03 bilion yang dipulangkan ... maknanya jumlah yang ada dalam akaun Najib adalah - RM3.53 bilion !

eh, bukan RM2.6 bilion ke ?

Buuukaaaaaaaan .... sekarang dah jadi RM3.53 Bilion ! !

Peeeeeergh ! Tabiklah Najib ! Rekod derma paling tinggi diterima dalam sejarah peradaban manusia yang dipegang oleh Najib dipecahkan sekali lagi oleh dirinya. Apakah rekod itu bakal dipecahkan lagi ?

Segalanya mungkin dengan Najib .....

PS - Bukan saja tidak pernah ada satu bukti pun yang kita nampak tentang akaun Najib ini, Najib sendiri tidak pernah mengaku ada mengembalikan semula baki wang itu walaupun ketika bercakap kepada perwakilan Umno semasa PAU baru ni. Perkara itu hanya timbul bila disebut oleh AG bulan lepas.

Duit RM42 juta yang masuk dalam akaun sendiri pun Najib tak tahu dari mana datangnya .... tapi tetap dibelanja sakan. Bila orang dakwa datang dari SRC, Najib pulak yang minta orang itu buktikan ! Takkan Najib sendiri tak tahu ?

Berapa banyak lagi yang masuk dalam akaun Najib ni ?

So .... bersandarkan gelagatnya sendiri, macamana nak percaya Najib ni ?
https://youtu.be/GaFys-iYQeE
http://dinturtleoriginal.blogspot.my/2016/03/panazzzz-rekod-rm26-bilion-najib.html?m=1

Isnin, 13 Jun 2016

Shuffling The Deck At Hakkasan - Or An Attempt At US Political Influence-Buying?

Shuffling The Deck At Hakkasan - Or An Attempt At US Political Influence-Buying?

12 JUN 2016

Neil Moffitt, Hakkasan nightclub CEO now has a new Board of Directors

It’s business as usual, CEO Neil Moffitt has apparently been reassuring the hierarchy at his Abu Dhabi-controlled entertainment empire, Hakkasan.

Moffitt has made his own fortune fronting the nightclub chain, which went from zero to top player in Las Vegas post 2012 and is now one of the world’s largest nightclub and entertainment chains.

However, he doesn’t own it.

The owner is Khaddem Al Qubaisi, the disgraced former chairman of Abu Dhabi’s Aabar fund, currently under investigation over humungous losses and its shady associations with Malaysia’s 1MDB, from which US$7 billion has also gone missing.

Nightclub lover Khadem in formal attire

Khadem shares Hakkasan’s parent company, Tasameem Real Estate Company LLC, with his brother Saeed and used to sit as chairman on the Board of Directors.

But, May 19th, after Aabar’s growing scandal had erupted into the public arena and its own parent company, IPIC, had  launched a legal dispute with 1MDB, Khadem stepped down.

Al Qubaisi had already been removed from all his other IPIC/Aabar related posts and also businesses where his privately-owned Tasameem had a major share in the Middle East, such as Oman’s First Energy Bank.

He is currently believed to be grounded by the authorities in Abu Dhabi and subject to on-going investigations there and in the US, together with his former CEO Mohamed Al Husseiny, a US citizen whoclaimed to be the moneybehind the US$100 million film Wolf of Wall Street.

Riza Aziz and Di Caprio promote Wolf of Wall Street

Significantly, the production company behind the film, (starring Leo Di Caprio) is Red Granite, which is in turn owned by Riza Aziz, the step son of Malaysia’s Najib Razak.

Information from on-going investigations into the financing of Wolf of Wall Street show that in fact the money came from 1MDB, although the links with Aabar were extensive, owing to Aabar’s own connections to deals involving 1MDB.

Di Caprio himself became linked to other Aabar projects, including being booked to be the first space traveller on its ill-fated Virgin Galactica project. He was also flown to Abu Dhabi to receive an environment prize.

Looting money from 1MDB, whilst Aabar suffered its own staggering loses?

Husseiny and Khadem Al Qubaisi are currently being scrutinised for their role in facilitating an apparent front company named Aabar Investments PJS (BVI), which took at least US$2.4 billion in 2012 from 1MDB, in the guise of payments for guarantees and options, allegedly owed to the genuine Aabar fund, of which they were the top executives.

IPIC has now confirmed that company was bogus:

Public statement from IPICApril 11th

Sarawak Report has also already revealed that, in the same year as these curious transactions, Khadem Al Qubaisi himself received half a billion dollars into his Edmond de Rothschild private bank account from a web of companies owned by Jho Low, who was Najib Razak’s key fixer at 1MDB.  Likewise, we have demonstrated that Najib himself has also received large funds from the sameweb of companies.

The then Chief Executive of Edmund de Rothschild Bank, Marc Abroisien, resigned following our exposures of these shady transactions.  Not least because he was caught on tape admitting that any regular bank would have frozen the money and flagged up a suspicious transfer report.

As a result, Edmond de Rothschild itself is now under scrutiny from theLuxembourg authorities. Nevertheless Ambroisien, who was gifted an Aston Martin by Al Qubaisi for his  services, remains the director of a swathe of private companies managing Khadem Al Qubaisi’s property portfolios in France, mainly located in Paris and St Tropez.

Strange company for a Republican Bigwig to join up with?

Ex-Senator Norm Coleman

All of which leaves Sarawak Report somewhat wondering at the decision of a senior former US politician andprominent fundraiser for the Republican party, to step onto the Hakkasan board just last month.

The above murky activity, as well as the angry disputebetween Abu Dhabi and Malaysia over 1MDB’s missing funds, had become plain by May 19th of this year, when Khadem resigned from Hakkasan, having reportedly handed over his power of attorney to the Abu Dhabi authorities, where he has been held under house arrest.

Even the Las Vegas local media, which has been in thrall to the cash rich phenomenon of Hakkasan over the past two years, was forced to report the awkward developments.

Certain top management figures have also noticeably left the company in recent weeks and Mr Moffitt appears to have adopted a distinctly lower public profile, avoiding the temptation of centre stage at the lavish Kim Kardashian launch of their latest club Jewel, for example, and the company’s third anniversary bash, starring  Jho Low/Al Qubaisi’s party pal, Jamie Foxx.

But, now things have been regularised, the message goes, and Hakkasan is clean back on track with a new line up on the Board of Directors to support Moffitt, who remains in situ.

New line up at Hakkasan, but does the ownership remain the same?

Unsurprising is the appointment as Chairman of one Khaleefa Butti Omeir Yousif al Muhairi, who appears to have numerous connections with Khadem, including a share in the same private residential company in Dorset Mews in London.

However, the other new appointment to the Board is the former US Senator, major Republican fund raiser and present employee of the legal/lobbying firm Hogan Lovell, Norman Coleman.

Youthful Chad Tappendorf has quit all his positions at Aabar and Khadem Al Qubaisi’s private companies.

Coleman would appear to be replacing the role of another US citizen, Chad Tappendorf, who had been regarded as a key ally of Khadem at Aabar and who was removed from all Aabar and related posts late last year.

He remained as a Director of Hakkasan and other private Khadem companies until the major change-over in May, when like Al Qubaisi he further resigned those posts as well.

Coleman is already registered as a lobbyist for Saudi Arabiaon behalf of Hogan Lovell, so is he now also a paid director for Khadem al Qubaisi on their behalf?

Even so, why would a former Senator, whose son Jake is also now running for the State of Minnesota Senate, take on such a role with the worryingly compromised company?

The word at Hakkasan now appears to be that Khadem has ‘shuffled the deck’ and that everything is back ‘under control’. The long-standing, but as yet unsubstantiated rumour remains that this is an enterprise ultimately controlled by the former Aabar Chairman’s ex-boss Sheikh Mansour, and is therefore also ‘protected’.

Rumours persist that Hakkasan is part-owned by Sheikh Mansour

Is it Tasameem/Hakkasan’s strategy to further ‘protect’ this company of dubious financial origin by roping in powerful US politicians onto its board as well?

In which case, might not Mr Coleman do better to steer clear?

US Democrats are alreadyruing getting involved with Aabar-related investments, after Sarawak Report pointed out the shady Aabar/1MDB deals entered into by Obama fundraiser Frank White.

White pulled out, but not before he had passed on some of the money earned from 1MDB by his company DuSable to various Democrat election campaigns, which are now being investigated by the DOJ.

Might the Republicans be about to make the same ill-advised connection – after all, there is still the question of all that missing 1MDB money?

http://sarawakreport.us2.list-manage.com/track/click?u=57b26bbe9d2acafa19363b0d2&id=57e289ec4a&e=d806eda40a

Ahad, 12 Jun 2016

JAMBATAN MANONG...TIDAK HANYA PM, BN, BERTERIMA KASIH JUGALAH KEPADA AMANAH!!!


JAMBATAN MANONG...TIDAK HANYA PM, BN, BERTERIMA KASIH JUGALAH KEPADA AMANAH!!!

Posted: 11 Jun 2016 01:45 AM PDT


"...yang membezakan AMANAH dan PAS di PRK Kuala Kangsar ialah ketika PAS masih khayal dengan RUU 355, AMANAH mengambil tanggungjawab menjadi pembangkang yang baik dengan memperkatakan isu rakyat setempat yang akhirnya menyebabkan BN tergesa-gesa membuat janji bagi meredakan rintihan rakyat di Manong."

Bercakap mengenai jambatan menyeberangi Sungai Perak di Manong, Kuala Kangsar, saya teringat ketika menjalankan tugasan Berita Hariandi Bukit Chawi, Kampung Gajah pada 1983.

Ketika itu kalau mahu ke Seberang Perak jika melalui Teluk Intan - Kampung Gajah, terpaksa melalui Bota Kiri dan Bota Kanan – kerana  belum ada jambatan di Kampung Gajah.

Betapa beruntungnya rakyat di Parlimen Pasir Salak apabila mendapat jambatan berkenaan.

Kini rakyat di Manong pula diumumkan akan mendapat kemudahan jambatan kerana jika menggunakan laluan darat untuk ke Pekan Manong dari Kuala Kangsar, perjalanannya adalah sejauh 45 kilometer.

Namun,  bagi penduduk Kuala Kangsar, khususnya di Manong, kalau berterima kasih kepada Perdana Menteri dan Barisan Nasional (BN) kerana mendapat jambatan berkenaan, jangan hanya setakat mereka sahaja.

Mereka juga sewajarnya berterima kasih kepada Parti Amanah Negara (AMANAH).



Kalau tidak kerana ada suara parti baru itu yang bertanyaMana Jambatan Manong Yang Sudah 5 Kali Pecah Tanah?’mungkin ia tidak akan diumumkan dengan begitu segera oleh Perdana Menteri.

Jika tanggapan saya tidak benar dan memang sudah dirancang awal sebelum kempen Pilihan Raya Kecil (PRK) ini, mana-mana pihak boleh memperbetulkan kenyataan saya ini. Terima Kasih.

Saya tidak mengatakan tiada perancangan tetapi kebetulan dengan adanya PRK ini, rakyat di kawasan itu tiba-tiba sahaja mendapat salah satu nikmat besar daripada kerajaan.

Juga yang membezakan AMANAH dan PAS di PRK Kuala Kangsar ialah ketika PAS masih khayal dengan RUU 355, AMANAH mengambil tanggungjawab menjadi pembangkang yang baik dengan memperkatakan isu rakyat setempat yang akhirnya menyebabkan BN tergesa-gesa membuat janji bagi meredakan rintihan rakyat di Manong.

Mengejutkan juga kerana pengumuman itu dibuat sehari selepas keluar pertanyaan seperti dilaporkan oleh Malaysia Dateline pada 9  Jun lalu itu. Reaksi spontan BN tiba-tiba muncul.

Alhamdulilah, yang baik kita terima dengan tangan terbuka.


Pada 9 Jun lalu, parti AMANAH menuntut kerajaan BN  menunaikan janji mereka untuk membina Jambatan Seberang Manong yang telah lama dinantikan penduduk di kawasan tersebut.

Pengerusi Amanah Perak Asmuni Awi berkata, kerajaan BN perlu menyatakan tarikh yang tepat bila jambatan tersebut akan siap dibina dan tidak memberikan harapan palsu kepada rakyat.

Asmuni Awi menegaskan : "Kami menuntut dalam pilihan raya kecil ini pihak kerajaan menunaikan janji yang sudah dibuat sejak tiga pilihan raya yang lalu. Kami mencabar pihak kerajaan BN tolong tetapkan tarikh bila akan dibina dan akan disiapkan jambatan Seberang Manong itu.

"Sudah lima kali pecah tanah sampai dah tak ada tanah nak dipecahkan," kata beliau dalam sidang media di pejabat Amanah Kuala Kangsar.

Menurutnya, lebih 10,000 penduduk Manong masih menunggu jambatan itu dibina untuk menyeberangi Sungai Perak.

Sehingga kini, mereka masih menggunakan bot penambang untuk menyeberangi Sungai Perak walaupun menteri kanan pernah menjadi wakil rakyat di parlimen tersebut.


Tidak apalah soal berapa kali pecah tanah – jikapun tidak benar - tetapi pengumuman itu pasti melegakan penduduk di mana sebelum ini dikatakan menggunakan bot penambang yang beroperasi setiap hari dari pukul 6 pagi hingga 6 petang,

Kadar bayaran dikenakan pergi balik ialah seringgit seorang dan RM2 sekiranya membawa motosikal.

Menteri Besar Perak Datuk Seri Dr Zambry Kadir pada 10 Jun (semalam) menafikan dakwaan pembangkang bahawa kerajaan BN beberapa kali mengecewakan pengundi Manong di Kuala Kangsar berikutan cadangan pembinaan Jambatan Manong.

Sebaliknya, tegas pengerusi BN Perak itu beliau telah menyemaknya beberapa kali namun ternyata tiada sebarang upacara pecah tanah bagi tujuan tersebut.

"Cerita permohonan Jambatan Manong ini (memang ) ada permohonan dan betul. Tapi cerita pecah tanah ini dah beberapa kali saya semak dengan ADUN Manong. Tak tahulah kalau-kalau orang yang lebih lama dari kami boleh ingat.

“Yang saya tahu pecah tanah tak ada,” katanya pada majlis berbuka puasa bersama perdana menteri di Masjid Nurul Huda, Manong Kuala Kangsar Perak.

Pada majlis sama, perdana menteri Datuk Seri Najib Razak mengumumkan peruntukan RM43.5 juta untuk membina jambatan tersebut yang akan menghubungkan Kampung Seberang Manong ke Pekan Manong.

“Jambatan Manong ini dah lama menjadi bualan tapi belum ada lagi majlis pecah tanah atau letak batu asas jadi saya nak umumkan mengikut standard JKR (Jabatan Kerja Raya).

"Saya dengan ini meluluskan pembinaan Jambatan Manong dengan peruntukan RM43.5 juta,” kata Najib dalam majlis berbuka puasa bersama perdana menteri di Masjid Nurul Huda, Manong, Kuala Kangsar.

Perdana Menteri turut berkata kelulusan projek tersebut merupakan hadiah kerajaan kepada penduduk Manong sempena bulan Ramadan.

Pembinaan jambatan itu akan disertakan dengan pembinaan jalan sepanjang tiga kilometer di sekitar kawasan tersebut.

Menurut laporan Bernama, pembinaan jambatan itu bakal memberi manfaat kepada kira-kira 500 penduduk daripada 100 keluarga yang terdiri daripada kalangan pekebun getah dan kelapa sawit untuk berurusan di Pekan Manong atau untuk ke bandar Kuala Kangsar.

Kini rakyat sedang menunggu janji.

Seperti dikatakan oleh Asmuni semalam bahawa apaa yang beliau nak nyatakan ialah penegasan yang diminta, bukan mengenai peruntukan dan bila nak buat dan bila boleh siap.

“Jadi ini satu lagi politik. Masih tidak dijawab bila jambatan itu nak dibuat. Sebab ini isu lama. Bila jambatan itu nak dibuat. Bila peruntukan itu diluluskan dan datang daripada Rancangan Malaysia yang mana?

“Dan ini saya nyatakan ia satu cara BN untuk meredakan suasana di Manong di mana rakyat sedar mereka sentiasa ditaburi janji manis tetapi di peringkat akhir pelaksanaan tidak dilakukan,” katanya.

Asmuni turut menyelar kerajaan BN yang menafikan wujudnya majlis pecah tanah sebanyak lima kali di kawasan pembinaan jambatan itu.

Perkara itu memang sudah berlaku dan telah dilaksanakan ahli Parlimen terdahulu iaitu Tan Sri Rafidah Aziz.

“Yang bercakap tidak tahu dan perdana menteri tak tahu. Saya nak beritahu yang buat pecah tanah ini calon yang terdahulu. Yang sudah tidak jadi lagi ahli Parlimen di sini. Jadi Najib tidak tahu mengenai ini. Jadi calon ataupun petugas dan pegawai BN tidak tahu perkara ini. Tetapi kita tegaskan bahawa, seperti jambatan ini, setiap kali pilihan raya, setiap kali itu hanya dibina selepas lima penggal.” tegas Asmuni.

http://feedproxy.google.com/~r/blogspot/YGbI/~3/vGjoey-SWZA/jambatan-manongtidak-hanya-pm-bn.html?utm_source=feedburner&utm_medium=email

Sabtu, 11 Jun 2016

Perang WSJ, PMO Berterusan Selagi Wujud " Dakwaan Palsu "

PERANG WSJ, PMO BERTERUSAN SELAGI WUJUD ‘DAKWAAN PALSU’

Posted: 08 Jun 2016 07:11 PM PDT

Tim Leissner (paling kanan) ketika menjadi eksekutif Goldman Sachs dikatakan menguruskan tiga jualan bon pada 2012 dan 2013 dengan 1MDB berjumlah AS$6.5 bilion, dengan menyumbang AS$593 juta, menurutBloomberg.

“Kita berharap dakwaan WSJ ini semuanya palsu. Wang derma RM2.6 bilion itu memang derma daripada Arab Saudi – tidak kiralah daripada ‘raja atau putera, yang hidup atau yang dah mati’ tetapi bukan daripada sebahagian dana yang yang dipindahkan oleh Goldman berkenaan.”

“No bank in Singapore received US$3 billion (S$4 billion) from a Goldman Sachs-arranged bond issue for scandal-hit Malaysian state fund 1Malaysia Development Berhad (1MDB), the Monetary Authority of Singapore has found.

MAS was refuting a Wall Street Journal (WSJ) report alleging Goldman Sachs had wired the US$3 billion from the bond issue arranged in 2013 to a 1MDB-controlled account at the Singapore branch of small Swiss private bank BSI.”

Ini kenyataan Pihak Berkuasa Kewangan Singapura yang dilaporkan oleh Straits Times Singapura hari ini.

Ini pula kenyataan terbaru The Wall Street Journal:


Baru saja nak tahniah kepada Setiausaha Akbar Perdana Menteri, Datuk Seri Tengku Sariffuddin Tengku Ahmad kerana jawapannya kepada ‘dakwaan palsu The Wall Street Journal (WSJ)’, tiba-tiba WSJ kata ia sudah memperbetukan kenyataannya.

WSJ dalam kenyataan terbaru menyebut wang disalurkan ke bank Swiss BSI SA, tanpa merujuk kepada BSI Singapura (kini sudah ditutup).

WSJ pada minggu ini, melaporkan perolehan daripada bon 1 Malaysia Development Berhad (1MDB) oleh Goldman Sachs Group Inc (Goldman) bernilai AS$3 bilion telah disalurkan melalui bank Switzerland yang mempunyai cawangan di Singapura.

Sebelum itu, Goldman dilaporkan mengumpulkan AS$3 bilion menerusi terbitan bon 1MDB pada Mac 2013, yang sepatutnya untuk membiayai projek hartanah utama di Kuala Lumpur demi meningkatkan ekonomi negara.

WSJ yang  memetik ‘sumber yang mendedahkan’ turut mengatakan bank berkenaan tidak mengetahui bagaimana 1MDB menggunakan wang yang dikumpulkan untuk firma pelaburan Malaysia itu.

Yang menjadi isu sekarang ialah, pasukan penyiasat sekarang cuba untuk menentukan sama ada Goldman gagal mematuhi Akta Kerahsiaan Bank Amerika Syarikat yang memerlukan institusi kewangan untuk melaporkan urus niaga mencurigakan kepada pihak berkuasa.


"Penyiasat percaya bank (Goldman) mempunyai sebab untuk mengesyaki wang yang dikumpulkannya itu tidak digunakan untuk tujuan yang dimaksudkan, dan amaran sepatutnya dikeluarkan apabila Goldman diarah memindahkan AS$3 bilion kepada sebuah cawangan bank swasta Switzerland yang kecil di Singapura dan bukannya kepada bank global besar, seperti lazimnya untuk pemindahan saiz berkenaan.

Satu lagi amaran, kata mereka adalah semasa jualan bon dan mengapa ia dlakukan secara tergesa-gesa.

Perjanjian itu dilakukan pada Mac 2013 iaitu dua bulan selepas Najib berurusan dengan ahli bank Goldman semasa mesyuarat Forum Ekonomi Dunia tahunan di Davos, Switzerland dan dua bulan sebelum kempen pilihan raya umum ke-13.

Tengku Sariffuddin semalam sekali lagi membidas WSJ kerana melakukan pembohongan apabila mendakwa Goldman memindahkan AS$3 bilion daripada dana terbitan bon 1MDB kepada BSI Bank di Singapura dengan sebahagian dana itu kemudian dipindahkan kepada Perdana Menteri, Datuk Seri Najib Tun Razak.
 


Walaupun keseriusan dakwaan mereka, katanya, WSJ sama sekali tidak memberi sebarang bukti untuk menyokong dakwaan mereka - ia kini menjadi proses standard pelaporan mereka mengenai Malaysia.

Sebagai satu taktik pengecut untuk mengelak daripada disaman, WSJ memetik semua dakwaan mereka menggunakan sumber-sumber yang tidak dinamakan seperti' mereka yang biasa dengan perkara itu' dan 'penyiasat-penyiasat' tanpa nama," tegas Tengku Sharrifuddin.

Malah, sekali lagi juga Setiusaha Akhbar Perdana Menteri itu mengaitkan nama bekas Perdana Menteri dengan mengatakan “sumber-sumber ini mungkin atau mungkin tidak wujud atau  hanya proksi-proksi bekas perdana menteri, Tun Dr Mahathir Mohamad dan kegagalan kempen anti-Najib beliau.”

Kenapa setiap penafian yang dibuat Setiausaha Akhbar Perdana Menteri ini tidak lepas daripada menyebut nama Tun Dr Mahathir?

Takut atau bimbang benarkah PMO dengan bekas Perdana Menteri ini seolah-olah isu 1MDB itu hanya diketahui oleh Tun Dr M?

Juga apakah benar WSJ hanya mengikut telunjuk bekas Perdana Menteri itu?

Tengku Sariffuddin berkata setiap minggu lebih banyak dakwaan WSJ dan sumber tanpa nama dibuktikan sebagai pembohongan.

Dengan menyampaikan pembohongan yang tidak disahkan oleh musuh kerajaan sebagai fakta, WSJ telah menjadi alat yang rela dalam kempen mereka secara terbuka untuk menjatuhkan kerajaan yang dipilih secara demokrasi dengan menggunakan 1MDB sebagai alasan, katanya.

Beliau berkata ia perlu disiasat mengapa WSJ menerbitkan begitu banyak pembohongan terbukti mengenai sebuah negara dan mengapa sebuah akhbar antarabangsa mengambil sikap 'menyebelahi' dalam urusan dalaman negara. 


Dengan perkembangan terbaru, iaitu pembetulan fakta itu, nampaknya kenalah tunggu perkembangan selanjutnya apakah dakwaan WSJ itu mempunyai kredibiliti atau sebaliknya.

Sesuatu yang pasti, ‘perang’ dan ‘serang-menyerang’ antara Pejabat Perdana Menteri dengan WSJ akan berterusan.

Ini kerana dakwan yang dibuat oleh WSJ dan beberapa laporan media asing pada 6 Jun lalu, yang menyebut pasukan penyiasat Amerika Syarikat sedang cuba untuk menentukan sama Goldman  melanggar undang-undang apabila ia gagal memberi amaran berhubung transaksi yang mencurigakan yang membabitkan firma pelaburan negara yang bermasalah, 1MDB, masih belum terjawab.

Juga apakah ada asas dakwaan WSJ bahawa wujudnya perbuatan atau kejadian bahawa sebahagian dana itu kemudian dipindahkan kepada Najib melalui bank yang berpangkalan di Switzerland?

Kita berharap dakwaan WSJ ini semuanya palsu.

Wang derma RM2.6 bilion itu adalah memang derma daripada Arab Saudi – tidak kiralah daripada ‘raja atau putera, yang hidup atau yang dah mati’ tetapi bukan daripada dana yang yang dipindahkan oleh Goldman ini.

Juga, kita berharap maklumat yang disalurkan, termasuk mungkin oleh Tun DR Mahathir itu hanya ‘fitnah dan berniat jahat’ yang sengaja mahu menjatuhkan Najib sebagai Perdana Menteri semata-mata.

http://feedproxy.google.com/~r/blogspot/YGbI/~3/m7buEJpMX2M/perang-wsj-pmo-berterusan-selagi-wujud.html?utm_source=feedburner&utm_medium=email

Rabu, 8 Jun 2016

No Comment Najib?

No Comment Najib?

7 JUN 2016

The Wall Street Journal has today fleshed out Sarawak Report’s own deduction, made last year, that the RM2.6 billion, which flowed into Najib’s AmBank account just before the GE13 election, came from the hurried US$3 billion bond issue, raised by Goldman Sachs to supposedly fund 1MDB’s vaunted ‘Strategic Partnership’ with Abu Dhabi’s Aabar fund.

Regulators have now established that the money was sent directly by Goldman Sachs to the small, private BSI Bank in Singapore, which in turn funded a Bangkok-based offshore investment outfit called Devonshire Funds, which then passed US$210 million to the BVI registered Tanore Finance Corporation, the company which then famously sent US$681 million into Najib Razak’s personal AmBank account in KL.

It all happened in the course of one week, just before Najib called the election.

Money flowed direct from 1MDB…. so what ‘Saudi Royal donor’?

So, will we receive a comment from the Prime Minister on this major development, which confirms what most Malaysians have strongly suspected for over a year?

Najib first denied that original payment, Malaysians will recall, and said he would sue Sarawak Report and the Wall Street Journal, who reported it.  He then backed down and and claimed was ‘donated’ by an anonymous ‘Saudi Royal’.

Yet, he has made no comment on later revelations by Sarawak Report and others that there had in fact been further huge payments into his account, bringing it to a total of over one billion dollars before the election. Is he struggling to come up with one?

Indeed, for the past many months Najib’s response to these devastating revelations has been merely to persecute and harass reporters and online media, like Sarawak Report – now proved to have been entirely correct in its reporting – and to charge and arrest any critics he can lay his hands on for made-up ‘crimes against democracy’ or trumped up terrorism allegations.

This blog remains blocked and banned in Malaysia, for the crime of reporting the truth and there remains an arrest warrant out against the Editor in Malaysia. Moreover, the Malaysian Government continues (unsuccessfully) to request INTERPOL to place her on its terrorist ‘Red List’.

Despite the overwhelming evidence and blatant oppressive tactics, business cronies from the UK, for example, are continuing to lobby foreign politicians claiming there is yet ‘no proof’ against Najib and calling on Malaysia’s international partners to continue to do business with him and support him.

Apparently, they are comfortable to wait until such time as he decides to allow his hand-picked Attorney General to charge him and the courts he has under his control in Malaysia to convict him!

Governments such as the UK and US ought to cease to listen to these self-serving business circles and take note of the findings of the international regulatory authorities, because it is their duty to support the law and the Malaysian nation and not certain individual criminals, who have seized control of the country.

Fine for Goldman?

Good friends – Leissner and Najib

At the centre of the outrageous money transfers are two banks. BSI, which has already been closed in Singapore and now Goldman Sachs International, whose Asia boss Tim Leissner has been sacked.

As early as 2013 Sarawak Report queried GSI’s role in 1MDB’s bond issues and we highlighted the questionable closeness between Leissner and Najib and Taib also, for whom he also has raised bonds.

WSJ says that regulators have noted that the lawyer on the 2013 bond deal, Linklaters’ Kevin Wong, had queried Goldman’s decision to send all the money raised in a sovereign deal to a tiny private bank in Singapore. Why didn’t Goldmans flag up the suspicious transaction?

There were other even more suspicious aspects to this deal, which screamed out red alerts and ought to have triggered a banking warning over such vast sums of money.

Goldman had made such a vast profit from the deal, purely because 1MDB/Najib had indicated they needed the money to be raised in such a hurry.  In order to produce the US$3 billion in a week Goldman had taken the entire bond out itself and then sold it on to clients later, taking the risk on its own shoulders and making a handsome profit of US$300 million in charges.

But, Goldman ought to have queried the hurry.  The money was supposed to be being raised for a development project, the Tun Razak Exchange, which would have by no means have needed immediate funds. Indeed, over half of the money was instantly parked, according to 1MDB’s own accounts, in off-shore funds, allegedly because it wasn’t needed immediately after all.

The Tun Ranzak Exchange, of course, remains unbuilt.

The bankers involved cannot have failed to have realised that the money was plainly being raised for some other more urgent purpose, which circumstances make plain was to provide a war chest for Najib’s election campaign.

Their excuse so far, according to the reports, has been that because they were dealing with a government body and so assumed it was not corrupt.  At the same time they are also putting forward the conflicting excuse that it is impossible to do business in corrupt countries like Malaysia, unless they are prepared to turn a blind eye to the regulations that govern their business elsewhere – ie the laws under which they are licensed to operate.

In short, banks like Goldman Sachs and BSI achieved their ranking as top operators in Malaysia by being willing to knowingly facilitate the proceeds of corruption – in other words they have assumed the role of master fences in major crime.

If a jeweller agrees to regularly receive and sell on proceeds from burglaries and robberies, then he is also labelled a fence and can face serious charges and a prison sentence.  So why,  many will ask, do banks who process far greater sums from far worse crimes, involving in this case billions stolen from the public, expect to get off with an excuse or a fine?

Goldmans and its staff made vastly more than any ordinary fence, but as they negotiate now with their regulators they doubtless hope that they will get away with a fine, which they can pass on to their customers – doubly fleecing the victims, who are the public, in the process.

Harder measures are needed.  See the WSJ article in full below:

Goldman Probed Over Malaysia Fund 1MDB

Focus is on whether bank didn’t alert authorities to unusual funds movement

U.S. investigators are trying to determine whether Goldman Sachs Group Inc.broke the law when it didn’t sound an alarm about a suspicious transaction in Malaysia, people familiar with the investigation said.

At issue is $3 billion Goldman raised via a bond issue for Malaysian state investment fund 1Malaysia Development Bhd., or 1MDB. Days after Goldman sent the proceeds into a Swiss bank account controlled by the fund, half of the money disappeared offshore, with some later ending up in the prime minister’s bank account, according to people familiar with the matter and bank-transfer information viewed by The Wall Street Journal.

The cash was supposed to fund a major real-estate project in the nation’s capital that was intended to boost the country’s economy.

U.S. law-enforcement officials have sought to schedule interviews with Goldman executives, people familiar with the matter said. Goldman hasn’t been accused of wrongdoing. The bank says it had no way of knowing how 1MDB would use the money it raised.

Investigators are focusing on whether the bank failed to comply with the U.S. Bank Secrecy Act, which requires financial institutions to report suspicious transactions to regulators. The law has been used against banks for failing to report money laundering in Mexico and ignoring red flags about the operations of Ponzi scheme operator Bernard Madoff.

The investigators believe the bank may have had reason to suspect the money it raised wasn’t being used for its intended purpose, according to people familiar with the probe.

One red flag, they believe, is that Goldman wired the $3 billion in proceeds to a Singapore branch of a small Swiss private bank instead of to a large global bank, as would be typical for a transfer of that size, the people said.

Another is the timing of the bond sale and why it was rushed. The deal took place in March 2013, two months after Malaysia’s prime minister, Najib Razak, approached Goldman Sachs bankers during the annual meeting of the World Economic Forum in Davos, Switzerland. And it occurred two months before voting in a tough election campaign for Mr. Najib, who used some of the cash from his personal bank account on election spending, the Journal has reported, citing bank-transfer information and people familiar with the matter.

Mr. Najib and Malaysia’s attorney general say the money the prime minister received in his personal accounts was a legal political donation from Saudi Arabia and most was returned.

The fund says proceeds from the bond offering were moved offshore, because they weren’t needed immediately. The fund denies sending money to Mr. Najib and says it is cooperating with probes. In January, Malaysia’s attorney general cleared the prime minister of any wrongdoing.

Goldman had deep ties with 1MDB and Malaysia. Its top regional banker at the time, Tim Leissner, was present at a meeting to launch a predecessor of the fund in 2009 and Goldman later made hundreds of millions of dollars underwriting three bond deals worth a total of $6.5 billion and advising on two acquisitions for 1MDB.

Over that same period, Goldman also underwrote bonds for an important province in Malaysia and worked on IPOs for a Malaysian port operator and a major hospital operator.

Goldman has said it did proper due diligence on 1MDB. But several current and former Goldman executives said in interviews soon after the bond deal that because this was a government-owned fund run by the prime minister, the bank could largely rely on their word that the money was being used as intended. ​The executives also said that corruption was common in many developing markets and the bank couldn’t do business there without interacting with people and organizations that were potentially corrupt.

The 1MDB fund is the focus of probes into alleged corruption in at least seven countries. Investigators believe more than $6 billion of 1MDB’s money is unaccounted for. Mr. Najib and his family used hundreds of millions of dollars originating with the fund on the election campaign, to buy real estate, clothing and jewelry, as well as to help finance a Hollywood film, according to people familiar with the matter and bank-transfer information.

The episode involving Goldman and 1MDB comes at a time when regulators are closely watching banks’ behavior and cracking down on money laundering.

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 After Mr. Najib asked Goldman to handle the bond offering, the bank effectively bought the entire $3 billion issue, gave 1MDB the proceeds and then held the bonds on its balance sheet until it could sell them off to investors. For its efforts, Goldman was paid about $300 million, far above fees for similar offerings and one of the bank’s biggest paychecks of the year. Goldman has defended the fees as commensurate with the risk it assumed by buying the entire bond issue.

Later, though, 1MDB claimed Goldman overcharged it and sought a partial refund. Mr. Leissner took the request to his Goldman colleagues, who rejected it, people familiar with the matter said. Mr. Leissner resigned from Goldman earlier this year after bank investigators found he allegedly violated company policies by sending an unauthorized reference letter to another financial firm on behalf of a person involved with 1MDB.

One question investigators are asking is why 1MDB needed the cash so quickly for a property-development project that would take years to complete. Investigators also are looking into questions raised by Goldman’s lawyer on the deal, Kevin Wong, a Singapore-based partner with Linklaters, who sent a note to Goldman bankers alerting them to the fact the money was to be sent to a private bank, according to a person familiar with the matter.

Goldman checked the credentials of the bank, Switzerland’s BSI SA, and found no reason not to send money there, the person added. Mr. Wong declined to comment. A BSI spokeswoman didn’t respond to a request for comment.

From BSI, half the $3 billion bond issue was funneled into offshore investment funds because it wasn’t needed immediately, 1MDB said.

Some of the money ended up in Devonshire Funds, run by a Bangkok-based financial firm, according to bank-transfer information reviewed by the Journal. Devonshire in turn sent $210 million to Tanore Finance, a now-defunct British Virgin Islands shell company. An employee of Devonshire declined to comment.

Tanore also received other money that originated with 1MDB, according to investigators and bank-transfer documents.

In March 2013—the same month Goldman had sold the $3 billion bond—Tanore transferred $681 million into Mr. Najib’s private bank account, according to investigative documents.

The U.S. Bank Secrecy Act was used against HSBC Holdings PLC, which agreed to pay $1.9 billion in late 2012 to settle charges involving money laundering in the U.S. and Mexico. In its settlement, HSBC admitted to violating the Bank Secrecy Act and other laws designed to prohibit money laundering.

The law was also used in the Madoff case by prosecutors examining why J.P. Morgan Chase & Co. didn’t alert regulators about Mr. Madoff’s activities despite red flags. J.P. Morgan settled the Madoff case to head off a criminal case. The bank didn’t admit to any criminal liability, but did agree to a statement of facts that highlighted the red flags its employees missed. The bank agreed to pay $2.6 billion in 2014 to settle the case.

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Sabtu, 4 Jun 2016

PAS & PKR – CINTA SEPARUH JALAN, TERPAKSA BERALIH ARAH?

PAS & PKR – CINTA SEPARUH JALAN, TERPAKSA BERALIH ARAH?

Posted: 03 Jun 2016 11:07 AM PDT


”PKR perlu pilih mahu bersama PAS atau Pakatan Harapan (PH)?”

Dah gila talak ke apa? 

Sudah terang lagi bersuluh, PKR tidak mahu bersama PAS lagi. Jangan nak bernostalgia lagi!

Kehadiran Presiden PKR, Dr Wan Azizah Wan Ismail ke dua pengumuman calon Parti Amanah Negara (AMANAH) untuk Pilihan Raya Kecil Parlimen Sungai Besar dan Kuala Kangsar,  membuktikan segala-galanya.

Sebaliknya pemimpin PAS, terutamanya kalangan pemuda dan muslimat masih lagi bertanyakan PKR sama ada memilih ‘aku atau dia”? Macam drama tv pulak pemimpin PAS sekarang ini.

Pada 14 September tahun lalu, Dewan Pemuda Pas Malaysia (DPPM) pada melahirkan rasa terkilan dengan tindakan PKR menerima keahlian wakil rakyatnya yang menyertai parti itu dan menganggapnya sebagai tidak menghormati hubungan sesama rakan dalam Pakatan Rakyat.


Ketuanya Nik Mohamad Abduh Nik Abdul Aziz berkata tindakan PKR itu jelas bertentangan dengan dasar dipegang PAS dalam PR yang tidak akan menerima keahlian parti rakan sesama pakatan.

Pada 11 September,  anggota Parlimen Tumpat, Datuk Kamaruddin Jaafar dan bekas Menteri Besar Selangor, Tan Sri Muhammad Muhd Taib memgumumkan mereka keluar daripada PAS dan menyertai PKR.

Naib Presidennya, Datuk Mohd Amar Nik Abdullah pad Rabu lalu menyatakan bahawa PAS mengambil pendekatan tunggu dan lihat sama ada PKR akan memilih parti itu, mahupun untuk membantu gerak kerja PRK Sungai Besar dan Kuala Kangsar.

PAS menurutnya, tidak memaksa rakan komponen dalam pakatan  itu untuk membantu mereka di kedua-dua kawasan PRK tersebut.

Kelmarin (2 Jun) dilaporkan, Presidennya, Datuk SeriAbdul Hadi Awang berkata  PAS  tidak akan merajuk sekiranya PKR membantu AMANAH kerana  PAS  adalah parti yang berpengalaman dalam dunia politik negara malah sudah melalui saat jatuh bangun sendiri, lagipun itu adalah pilihan raya parlimen dan bukannya negeri.

“Kita tidak akan merajuk jika PKR bantu Amanah kerana Pas adalah parti yang tahan lasak dan tidak manja,”katanya dalam sidang media selepas merasmikan Muktamar Tahunan Pas Ke-62, di Pusat Tarbiyah Islamiah (Putik), Pengkalan Chepa, Kelantan.

Malah Hadi tidak menyentuh soal tahaluf siyasi dengan PKR dalam sesi Amanat Presiden, pada malam sebelum bermulanya muktamar berkenaan. "Itu (tahaluf siyasi dengan PKR) tidak disebut. Itu belum ada," katanya ketika ditemui media selepas majlis tersebut tamat.

Ketiadaan nama besar dari PKR pada perasmian muktamar kali ini turut dikatakan menjelaskan lagi bahawa  hubungan parti Islam itu dengan sekutunya, PKR hanya menunggu  belah secara rasmi selepas Pakatan Rakyat terkubur.

PKR menghantar satu-satunya wakil rakyat mereka di Kelantan, iaitu ADUN Guchil, Mohamad Roslan Puteh menghadiri majlis perasmian Muktamar PAS itu.

Hadi pernah dilaporkan sebagai berkata, hubungan PAS dengan PKR masih baik dan berjalan seperti biasa walaupun wujud beberapa kemelut antara kedua-dua parti itu sejak kebelakangan ini.

Sedikit melegakan PAS dan tidak merasa keseorangan pada muktamar kali ini ialah apabila Tan Sri Abdul Kadir Sheikh Fadzir yang mewakili Parti Ikatan Bangsa Malaysia (IKATAN) hadir pada perasmian muktamar PAS tahun ini.

Malah, kehadiran IKATAN itu adalah penampilan sulungnya selepas bergabung dengan parti Islam itu menerusi pembentukan blok pembangkang kedua pada 16 Mac lalu.

Ternyata kegagalan mengadakan rundingan berhubung peletakan calon di PRK Sungai Besar dan Kuala Kangsar menguatkan lagi dakwaan hubungan {KR dan PAS akan berkubur.

Dewan Pemuda PAS kelmarin memberi kata dua kepada sekutunya, PKR untuk menyuarakan pendirian sama ada masih mahu bersama parti Islam itu atau membawa diri bersama Pakatan Harapan (PH).


Menurut Wakil Dewan Pemuda PAS, Ahmad Fadli Shaari , PKR tidak boleh terus menjalin kerjasama dengan kedua-dua pihak, apatah lagi DAP dan AMANAH dalam PH yang merupakan musuh politik parti Islam itu.

Dewan Pemuda PAS mengajak semua untuk menilai hubungan PAS dan PKR, namun biarpun ramai dalam PKR yang sayangkan PAS, ‘mana mungkin cinta ini dapat bertahan’ sekiranya DAP dan PKR masih duduk bersama bahkah menjalinkan hubungan mesra dengan parti satu lagi (AMANAH).

Kelmarin Dewan Muslimat PAS turut menyuarakan nada yang sama apabila menerima usul mendesak parti Islam itu mengkaji semula hubungan tahaluf siyasi dengan PKR, terutama pada pilihan raya umum akan datang.

Dewan itu  mendakwa PKR telah mengkhianati parti itu apabila menjalinkan kerjasama dengan AMANAH dan melemparkan pelbagai tuduhan, fitnah serta dakwaan yang tidak berasas terhadap mereka.

Dewan Muslimat PAS juga mahu semua kerusi dalam pilihan raya ditandingi oleh PAS tanpa bekerjasama dengan parti-parti lain.

Usul itu dikemukakan oleh Dewan Muslimat Kedah dan diterima tanpa bahas.


Naib Ketua De­­wan Muslimat merangkap Pe­nge­rusi Jawatankuasa Penapis Usul Muk­tamar itu, Salamiah Mohd. Noor berkata, bermula dengan Langkah Kajang sehinggalah konspirasi menjatuhkan Menteri Besar Selangor, Tan Sri Khalid Ibrahim, pandangan dan pendirian PAS tidak dihormati selain kesucian pembangkang sedia ada dicemari dengan perancangan tertentu di luar pengetahuan parti itu.

“Walaupun ada segelintir pe­mimpin PKR yang menghormati pendirian dan pandangan PAS, rentetan isu sebelum ini memperlihatkan PKR lebih selesa mengambil keputusan tanpa berbincang atau mengambil kira rakan tahalufnya berhubung hal-hal berkaitan,” katanya.

Mungkin sebagai strategi menyejukkan ‘kehangatan pemuda dan muslimat’ Hadi menegaskan parti itu akan meneliti usul memutuskan hubungan dengan PKR sebelum keputusan muktamad dibuat.

Namun agak mengejutkan juga, pada ketika ada pemimpin muda dan muslimat PAS melemparkan kata-kata agak kesat kepada pemimpin PKR, pemimpin tertinggi PAS masih mahu ‘menanam tebu di tepi bibir’.

Semalam,  Setiausaha Agung PAS, Datuk Takiyuddin Hassan berkata, PAS masih mahu meneruskan tahaluf siyasi bersama PKR walaupun Dewan Muslimat parti itu meluluskan usul supaya hubungan itu dikaji semula.

Menurutnya, usul Dewan Muslimat itu bukan bertujuan untuk memutuskan hubungan tahaluf siyasi, sebaliknya ia lebih kepada mengkaji penambahbaikan kerjasama antara kedua pihak.

"Ia bukan ke arah memutuskan. Bagi kita, ia ke arah penambahbaikan," katanya kepada pemberita selepas berakhir Muktamar Tahunan PAS Ke-62 di Pusat Tarbiyah Islamiyah Kelantan (Putik) Pengkalan Chepa.

Pengarah Pilihan Raya PAS Pusat, Datuk Mustafa Ali pula menyifatkan usul itu lebih kepada pandangan Dewan Muslimat dan bukan keputusan PAS Pusat.

"Itu pandangan dari perwakilan Muslimat, kita akan tengok (usul). Kita beri kepada (Majlis) Syura untuk melihat pro dan kontranya. Banyak perkara yang mereka (Dewan Muslimat) masih tak tahu. Mungkin ada pihak yang tak puas hati, tapi ini hanya minor (kecil), bukan masalah besar," katanya.

Dalam konteks ‘cinta dengan PKR’ ini, PAS akan membawa usul ‎penilaian semula kepada Majlis Syura Ulama untuk dikaji dan dinilai.

Ketua Penerangannya, Nasruddin Hassan berkata usul tahaluf siyasi tersebut meminta supaya Majlis Syura Ulama membuat penilaian kembali terhadap kedudukan kerjasama antara PAS dan PKR.

Usul adalah daripada PAS kawasan Pontian, Balik Pulau, Kuala Kedah dan Muslimat PAS Malaysia yang mahukan tahaluf siyasi antara PAS dan PKR dinilai semua atas beberapa perkara berbangkit termasuk apakah masih ada keuntungan kepada Islam yang diperjuangkan oleh PAS atau sebaliknya.

Menyampaikan taklimat usul pada muktamar itu beliau yang juga pengerusi jawatankuasa usul bagi muktamar itu berkata, usul tersebut juga meminta jika masih ada keuntungan (boleh) diteruskan dan jika tiada Majlis Syura Ulama berhak membuat apa saja keputusan.

Jika ada keuntungan kepada PAS?


Kalaupun marah atau sudah pudar ‘berkasih sayang’ PAS perlu ingat bahawa ia mempunyai wakil dalam Kerajaan Selangor yang diterajui oleh PKR dan DAP.

Jangan terlalu hilang pertimbangan hingga marahkan nyamuk, bakar kelambu kerana yang berada dalam dilema ialah Ahli Dewan Undangan Negeri PAS di Selangor serta penyokong mereka.

PAS tidak boleh main wayang dengan menghentam PKR di muktamar tetapi di Selangor terpaksa menelan atau menjilat ludah sendiri.

Mana politik ‘matang dan sederhana’ yang diuar-uarkan oleh PAS jika terus memainkan politik menikam belakang di samping bermuka-muka apabila sesuatu keadaan itu dilihat berpihak atau memberikan keuntungan kepada pihaknya.

Terjemahkan ‘Islam’ dan setiakawan itu dalam hubungan PAS dengan parti pembangkang lain terutamanya PKR untuk PAS dihormati dan disegani.

Jika tidak, bukan ‘cinta PAS’ sahaja yang akan beralih arah, PKR juga tidak mampu mempertahankan cintanya kepada PAS kerana ‘cemburu melampau’, mementingkan diri selain enggan bertolak-ansur dengan meletakkan kepentingan dirinya melebihi segala-galanya!

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Ahad, 29 Mei 2016

Najib Moves From Cover Up To Shut Up!

Najib Moves From Cover Up To Shut Up!

27 MAY 2016

The exposure of the full letter sent by Bank Negara to the Parliamentary Accounts Committee (PAC) today has nailed who has been lying for the past many months about 1MDB and who has told the truth.

It was DAP opposition spokesman Tony Pua, who first alerted that there existed such a letter, sent on April 6th.  However, although he is a member of the committee, he and his colleagues had not at first been told about it by their Chairman.

On May 24th Pua revealed that the letter had been sent in response to an earlier PAC demand for further clarification of a previous letter, sent by the Bank on April 4th, which confirmed that a large proportion of the US$1.83 billion, supposedly invested by 1MDB in the PetroSaudi Joint Venture 2009-10, had been sent to a party not connected to the deal, namely the company Good Star Limited.

PAC Chair Hassan Arafin, hand-picked by Najib, doctored the report and hid the Bank Negara letter from members!

This totally contradicted claims by 1MDB, which had produced a letter from the company PetroSaudi, lying that it was the owner of Good Star.

So the PAC wanted to know exactly who did own the company (Sarawak Report had of course revealed full details of the ownership by Jho Low, last year).

Pua also revealed that Najib’s hand-picked new Chairman of the PAC was refusing to allow the committee to interview personnel from the Bank directly, which was why members  had been reduced to communicating by such letters.

It was only at their meeting on May 18th, says Tony, that PAC members realised that the bank had indeed sent a detailed reply to their request, but that the ‘cari makan” Chairman, Hassan Arafin, had not shared it with his colleagues.

Worse, Arafin had (as earlier been reported) also doctored the PAC’s official and unanimously agreed report into the 1MDB affair, by removing the earlier references by the Bank Negara to the fact that Good Star Limited was not linked to the joint venture.

Official Secret!

Najib lied – he said no money was misappropriated and got the Bank to close down its investigation the following day

When Pua and others protested about the withholding of the letter and also the doctoring of the report Najib’s spokesmen responded by explaining that all the information from the Bank had to be treated as an ‘Official Secret’!

Now that this ‘Official Secret’ has been inevitably leaked, Najib has today announced that a police report has been made to hunt down and punish whoever might be responsible for revealing himself, amongst others, to be a liar.

After all, Najib just two days ago announced in a written answer to Parliament that there had been “no misappropriation in 1MDB’s accounts and administration”.  

This, despite the fact that he was one of the few people in the country, who had been allowed to see that Bank Negara letter, proving that hundreds of millions had been siphoned out of 1MDB into a company owned by his own ‘advisor’ to 1MDB, Jho Low!

The Prime Minister has also threatened all Malaysian publications that if they reproduce that letter they will be charged with the heinous crime of revealing state secrets – so here it is in full translation [click here for original]:

Letter was sent April 6th by BNM Deputy Governor, but not revealed to the PAC before they published their report into 1MDB

Information relating to the cancellation of permission to 1MDB under the Exchange Control Act 1953

We refer to the letter, YB Dato, dated 31 March 2016 concerning the letter from PetroSaudi International Limited dated May 22, 2015, which is attached.

2  For information Dato, regarding the letter from PetroSaudi International Limited, one of the documents obtained by the Bank in its investigation into the content of the letter 1MDB contains information provided by the authorities abroad to the Bank. As already communicated to YB Dato before, this information on the ownership of Good Star Limited, as stated in our letter dated March 23, 2016, is received voluntarily from the authorities of the relevant countries.

3  The Bank has contacted the authorities of the countries concerned and have obtained their consent to disclose such information in return for the secrecy imposed on the Bank as follows:
a) Authorities Abroad 1 [Seychelles]
Information regarding the registration GSL:

“Based on information from the authority (the authority responsible for the incorporation of companies, who has the register of members) GSL is beneficially owned by Low Taek Jho”

Authorities Abroad 1 also confirmed that no changes to the status of Beneficial ownership GSL.

The terms of confidentiality of the information are as follows:
1) GSL registration information disclosure is limited to the PAC for intelligence purposes only and not for the courts or the public; and

ii) The Bank shall not disclose the identity of Overseas Authority ally 1 to PAC

b) Authorities Abroad 2 [Singapore]
Information concerning account opening GSL

“GSL applied to open an account with RBS Coutts Bank AG, Zurich on 9th June 2009. Based on information in the application, the sole director and the bearer of the single bearer share in GSL appears to be Smart Power Limited, and the sole director and the bearer of the single bearer share in Smart Power Limited appears to be Low Taek Jho”

Authorities Abroad 2 also states that “Low Taek Jho appears to be the beneficial owner of GSL’s account with RBS Coutts Bank AG, Zurich”

Terms of the confidentiality of information are as follows:
1) The Bank shall inform its responsibilities provided for in momorandum understanding as contained in the annex to the PAC;
ii) The Bank shall not disclose the original copy of the information obtained from the Authority Abroad 2 to the PAC and may only disclose information that is relevant and necessary only to PAC;
iii) PAC proceedings related to information from the Authority Abroad 2 disclosed by the Bank shall be conducted in secret (in camera) without the presence of the public and the media; and
iv) PAC shall issue instructions to the media gag order and any other parties to keep confidential information provided by the Authority Abroad 2 used by the PAC in its proceedings.

5  We hope the feedback given above can give insight into the matters raised by YB Dato. We also hope that the conditions imposed on banks to reveal information on the PAC are met to ensure obligations of the bank under the Memorandum of Understanding is executed and cooperation between banks and foreign authorities maintained all the time. If the PAC intends to use this information in public documents, the affected countries must be notified in advance through the Bank.”

Many Thanks, Nor Shamsiah Yunus, Deputy Governor


No right to protection under such secrecy

It is, of course, a total disgrace that a poxy off-shore country, such as the Seychelles, or anybody else, let alone Najib, should attempt to hide the ownership of a company into which billions of Malaysian public money has been passed in the name of investment for development.

Particularly, if that money has been stolen and then pops up in BSI Bank in Singapore in Jho Low’s private accounts.

Jho Low owns Good Star Limited, as pointed out from Day 1 by Sarawak Report

To do so is a criminal abuse of the secrecy acts by the Prime Minister, in order to cover up his own lies and misappropriations – one can no longer beat about the bush or mince words concerning such an extreme case of public theft.

And this section of the 1MDB scandal only concerns the first early thefts using the British based outfit PetroSaudi.

Part 2 of the 1MDB affair involved even larger thefts, using the Abu Dhabi Aabar fund for cover in an almost identical series of joint venture scams, whilst Part 3 involved stealing money directly from the 1MDB subsidiary SRC International.

Altogether, the Auditor General has confirmed in his own report that US$7 billion has been misappropriated from 1MDB, as also revealed by Tony Pua, who was given access to the information via the PAC.

So, Najib has made the Auditor General’s report an ‘Official Secret’ too!

Gallery of liars

Chief Operating Officer and President Rick Haythornthwaite accused SR of ‘questionable activities’ instead of checking if PetroSaudi really owns Good Star, which it was still claiming last week!

The gallery of liars in this affair are, therefore, now fully exposed, having spent the past year seeking to discredit, denounce and even arrest investigators and critics, such as Sarawak Report and the very many brave individuals in Malaysia, who have refused to be intimidated by Najib’s strong arm tactics to cover up his crimes.

Indeed, a request to INTERPOL remains extant from Malaysia, to issue a Red Notice against the Editor of Sarawak Report, although it has been refused by the international police organisation.

Foremost in the gallery of liars have been the British and Saudi businessmen behind PetroSaudi, who sought to claim that they own Good Star Limited, thereby providing a cover for Jho Low and Najib, in return for a massive 15% ‘brokerage fee’ to individual directors Tarek Obaid and Patrick Mahony and also US$77 million in kickbacks to the Saudi, Prince Turki, another former shareholder of the company.

For acting as “a front” in this affair PetroSaudi also received a massive US$300 million investment into what had been virtually a shell company, which it has used to establish itself as a profitable oil extraction venture, complete with a drill ship bought using 1MDB money.

Tarek Obaid Director and Shareholder of PetroSaudi received tens of millions in kickbacks and an injection of hundreds of millions into his company thanks to the 1MDB scam

Yet when Sarawak Report questioned the company’s President and Chief Operating Officer, the prominent British businessman Rick Haythornthwaite last year if he had authorised the letter from PetroSaudi to 1MDB claiming ownership, he preferred to accuse this blog of  “questionable activities“, rather than checking out the behaviour of his own company.

Haythornthwaite is also the Chairman of MasterCard Global and of the major UK power company Centrica.

Sarawak Report has established that he was also looped in on an extensive deception to present PetroSaudi as the owner of a US$3 billion oil concession in the Caspian Sea/Turkmenistan, when the concession was owned by another company named Buried Hill.

Not only did PetroSaudi use this deception towards 1MDB, when it sought to pretend that it was injecting assets into the joint venture, but it had earlier attempted to present the same falsehood to the Chinese company Sinochem earlier in the year, in a scheme code-named Project Oasis.

It is possible that Mr Haythornthwaite allowed himself to fail to examine the affairs of the company to the extent that he did not realise that PetroSaudi was an enormous deception.

However, why has he continued to fail to these basic checks over the past full year, once the issue was called into question by the eruption of the 1MDB scandal, not only in Sarawak Report, but the entire world media?

Crucially, why didn’t President of PetroSaudi, Rick Haythornthwaite, demand to see the proof of his own company’s ownership of Good Star Limited after Sarawak Report and others pointed out that this was what was being claimed by its Directors?

Indeed, just last week, PetroSaudi through its lawyers has continued to make this claim to the media, in the full knowledge that it was a complete and utter lie.

Patrick Mahony

Patrick Mahony orchestrated the whole deal and also the arrest of the whistleblower in Thailand

The most exposed and blatant liars at PetroSaudi, are the Directors Patrick Mahony and Tarek Obaid, who was the original 50% shareholder of the company.  These are the two businessmen who were involved in every step of the fraudulent joint venture deal, as detailed by Sarawak Report and others.

Theirs were the signatures on each and every document and every lying email went past them.  They also split the massive US$105 million initial kickback, as numerous articles by Sarawak Report and The Edge have detailed, based on the information provided by whistleblower Xavier Justo, who released the PetroSaudi database, which is now in the hands of law enforcers worldwide.

Another Director of PetroSaudi is also exposed in the gallery of liars.  This is Timothy Buckland, the former leader of the legal team at the UK office of the law firm White & Case, which drew up the joint venture with 1MDB, which was conducted under the jurisdiction of British law.

Tim Buckland- his team of lawyers crucially misinformed 1MDB’s Wong & Partners that the Good Star bank account belonged to PetroSaudi

Buckland’s team lied to the lawyers of Wong & Partners acting for 1MDB, when they said that the Good Star Limited account, into which an initial US$700 million was siphoned out of the joint venture, was in the name of PetroSaudi.

As revealed unequivocally by the Bank Negara letter, this claim was false.  Straight after the signing of the deal Buckland gave up his legal job and moved to PetroSaudi himself to become a director.  And he continued to use his former law firm to represent the company in future swindles, such as the US$500 million later transferred in September 2010 in order to buy out UBG bank, using 1MDB money.

Sarawak Report says that it is time that international law enforcers extend their enquiries beyond the banks and major players in these deals to characters such as the top brass at PetroSaudi, who have made themselves very rich indeed out of knowingly assisting in the theft of Malaysia’s money.

It was they also who denounced the whistleblower Xavier Justo and orchestrated his arrest in Thailand for revealing their own criminal activities and those of their collaborators Jho Low and Prime Minister Najib Razak

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