Iceland Vs K.L. (Two Snapshots) - As We Reveal Najib's Spendthrift Bank Statements EXCLUSIVE

Iceland Vs K.L. (Two Snapshots) - As We Reveal Najib's Spendthrift Bank Statements EXCLUSIVE IMAGES
6 APR 2016

By contrast, in Malaysia it is the critics, like Rafizi today, who have been arrested…

Within 12 hours, crowds of Icelanders were on the streets of Reykjavik, outside their Parliament building, demanding the resignation of their PM.

Why?

Because, this individual in high office had been found to have a wife with an off-shore bank account.

Although there was no proof of tax evasion or illegally obtained cash (the usual story behind so many off-shore accounts), Icelanders disliked the lack of transparency.

They also detected a conflict of interest, in that the company held shares in local banks, whose bankruptcy issues the Prime Minister was over-seeing.

The PM, it was established, had not declared this potential conflict, on behalf of his wife, when he took office.  Clearly, this could not be acceptable, in the view of the public.

Faced with such a loss of popular confidence, within 36 hours their Prime Minister resigned – after all, public office is all about respect and confidence.

Official secret? Probably – see the reference by the AG himself to this account in the papers he waived at the time of “clearing” Najib

Philanthropic jewellery purchases?

Meanwhile, more than a year after outrageous, billion dollar misappropriations were revealed to have taken place from 1MDB, which is headed by the Malaysian Prime Minister, an arrest has taken place – also in front of the Parliament building, this time in KL.

Except, the arrest in question was of an opposition MP, who has challenged the management of the 1MDB development fund and revealed secret documents (just like the Panama Papers) to back his arguments.

The MP remains, at the time of writing, in detention, without access to a lawyer – allegedly under the provisions of the Malaysian Official Secrets Act.

Meanwhile, Sarawak Report can confirm that not one of the journalists, who has embarrassed and undermined the former Icelandic Prime Minister with regard to his wife’s affairs, has been banned, faced a warrant for arrest (for “attempting to topple a ‘democratically elected’ Prime Minister”) or indeed been slapped with an Interpol terrorist Red Alert notice…. or any such thing.

Visa Platinum card (as publicised by AG in his demonstration of the findings of the official investigation) and payments to Sardinian jewellery outfit by Najib

So, what is going on?

Prime Minister Najib must find himself exasperated by the lack of stamina of his Icelandic colleague.  On the other hand, he must also be hugely relieved that the good citizens of KL are plainly too nervous to stand outside his own Parliament building and demand the obvious from him.

So, perhaps this is not the moment to reveal documents we have recently received, which are embarrassing to the Prime Minister, to say the least.

Or, perhaps to the contrary we will begin by refreshing minds as to the bank account and credit card numbers referred to on the charts waived by the loyal AG Apandi, at the time he “cleared” the PM?

Here is the chart of bank account numbers, which match the PM’s spending!

With this information to hand, we invite readers to continue to peruse some of the investigation documents which, according to ABC Four Corners, caused the former Attorney General, the former Deputy Prime Minister and the Agong (amongst other officials contacted under the correct and lawful procedures that until recently existed in Malaysia) to sign a warrant to detain the PM last July.

Euros 660,000 received from the Sardinian branch of jewellers Grisogno in summer 2014 on Najib’s platinum card

What such expenditures show, for example, is that around RM3 million was spent on just one day’s jewellery shopping at one flash store in Sardinia, during the Najib Razak family August holiday in 2014 – all on the PM’s platinum credit cards.

Malaysians also now know that this money originated from the 1MDB subsidiary company SRC, managed by Nik Faisal Arif Kamil (who also for some reason had authority to manage the PM’s accounts).

Apandi – trying to be helpful

The Prime Minister himself has now himself admitted to all this – given the evidence what else could he do?

However, the AG (whom he appointed after sacking the earlier one who had issued the warrant for his arrest) has, as we know, “cleared” him, after accepting the excuse that Najib didn’t know that his pal, Nik (now a fugitive in Jakarta) had done any of this jiggery pokery with his accounts.

Malaysians also know that this SRC money all originated from a loan obtained from the public pension fund KWAP, which has never been properly accounted for.

Such stuff would be enough to bring those tetchy Icelanders out on the streets in a considerable temper, one would assume. Their PM would have lasted less than 5 minutes!

After all, there is lot’s more of this annoying evidence, which has been coming out over the past few days, including statements, which show that much of this money from KWAP via SRC was used by the PM to pay cheques to various individuals during this periods in 2014:

Who were those cheques for?

Najib has, of course, through his spokespeople, over the past days clarified that all these payments were intended for ‘charitable purposes’ via his good offices.  Specifically, he has mentioned poor orphans and flood disaster victims (admittedly he must have felt a bit guilty, having taken so long to realise their plight in the middle of playing golf  with Obama and spending another fortune at Cartier in Honolulu).

So, jewels for them! He has also mentioned he forked out for silk carpets at unspecified mosques.

As we say, he is lucky he is peddling these excuses to his sweet fellow Malaysians… because, goodness knows how those Bugis Icelandic Viking types would have reacted to excuses of this nature.

We can probably guess!

Casa/TD BGL – Another fortunate provider of philanthropy to Malaysians in trouble, hired by the PM?

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ANZ Bank - Struggling In A Quicksand Of Bullshit?
5 APR 2016

Why appoint board members and top execs if they can’t represent you Mr Graham Hodges?

When something has gone horribly wrong it is better to cut loose and ‘fess up’, rather than argue the toss, which soon becomes akin to struggling in quicksand.

Australia’s immigration authorities have already made this mistake over Sirul’s video production activities behind bars.  Now ANZ Bank appear to be doing the same over their liabilities concerning Najib’s vast AmBank accounts.

Clearly, both parties hoped that by issuing denials they could fend off the press until interest moved on.  They are learning that, to the contrary, the 1MDB story has a way to go and that their insincerity and bluff has landed them right in the mud.

Yesterday, Graham Hodges, the Deputy Chief Executive of ANZ, was left visibly squirming as he was grilled by the Australian senate committee over why all his bank’s senior executives on secondment to AmBank had failed to blow the whistle on the Najib accounts?

The media and politicians in Australia have also started to wonder out loud about the mass exodus from the AmBank board by ANZ figures late last year (as the scandal started to spiral), along with the sudden retirement of the architect of the whole Malaysian connection, former ANZ CEO Mike Smith, in September?

Poor Graham is due to step onto the Board himself, which puts him right in the firing line. So, what was his explanation?

“To be honest”

According to the Sydney Morning Herald, Mr Hodges said the bank was limited in what it could do to address the AmBank scandal because it was only a part owner of the bank:

“It’s a more nuanced issue to be honest. Clearly the directors on that board are not allowed to talk about what’s going on. We don’t control that bank,” Mr Hodges said.

“As an ANZ executive and one [who] is about to join the board, are we happy with that? Certainly not,” Mr Hodges said.

“But that’s different to implying the culture or the integrity of someone is lesser because they sat on that board.”

Unfortunately, it appears that the last thing that Mr Hodges was being with the above remarks was entirely honest. There is nothing “nuanced”, for example, about the statements made earlier by his bank about the appointment of these senior executives on secondment to their subsidiary in K:

Were they merely reporting on the weather in KL?

The above statement (dug out by economics writer Ganesh Sahathevan) makes entirely plain what has always been understood, which is that the appointment of these senior ANZ officials into the top positions in their Malaysian shareholding was to ensure the bank was run according to the same standards and that the senior shareholder, ANZ, knew how the business was being handled.

Ramamurthy was officially reporting to ANZ’s South East Asia boss – so how come he was not allowed to speak about how he was running the bank?

Both the seconded Chief Executive and the seconded ANZ Group Representative were publicly stated to be directly “reporting to” Senior Executive figures back home at ANZ HQ in connection with their posts in Malaysia.  Were they merely reporting on the weather?

The Australian media has already pointed out that the terms of the “strategic partnership” contract between the two banks at the time ANZ purchased its interest committed AmBank to follow not only Malaysian best practices, but also the regulatory controls in Australia.

This was to reassure shareholders in ANZ and clients – after all, ANZ has just had a whopping great fine slapped on them by the Malaysian Central Bank for misdemeanors, which the bank as so far refused to disclose the nature of.  Shareholders and clients cannot be happy about that, surely?

So, the talk in recent days by ANZ executives of their seconded personnel being under some sort of constraint not to violate the independence of AmBank by informing ANZ of irregularities is best termed as bullshit.

Senior executives like Hodges need to wade quickly backwards from this line of argument, before it sucks them down like the various key executives in Singapore and Switzerland, who have already fallen foul of 1MDB.

Because, despite Mr Hodges’s ‘culturally inclusive’ explanation, integrity is not a relative or nuanced commodity. It’s the difference between truth and lies.