Archive for July 27th, 2016

Apandi should explain why the 17-point Q&A on the DOJ suit which acknowledged that “MALAYSIAN OFFICIAL 1” is Prime Minister Najib was taken down after it was uploaded on AG Chambers’ Portal on Monday

The Attorney-General Tan Sri Mohamad Apandi Ali should explain why the 17-point Q&A on the US Department of Justice (DOJ) legal suits for forfeiture of over US$1 billion assets in the United States which had been stolen, embezzled or defrauded from 1MDB and the people of Malaysia was taken down after it was uploaded onto the Attorney-General’s Chambers’ Internet Portal on Monday.

Is this because the 17-point Q&A acknowledged that “MALAYSIAN OFFICIAL 1” mentioned 34 times in the 136-page 513-paragraph DOJ legal suits is the Prime Minister, Datuk Seri Najib Razak although Najib was not named in the suits?

Najib said after the DOJ filed its action under the US Kleptocracy Asset Recovery Initiative (KARI) 2010 on Wednesday that the government takes the DOJ’s allegations seriously, and that “whoever is named should take responsibility and clear their names, and ensure that the people’s money are not abused”.

As Najib is not, and cannot deny that he is the “MALAYSIAN OFFICIAL 1” mentioned 34 times in the DOJ suits, and which was as good as acknowledged by the 17-point Q&A uploaded on the AG Chambers’ website on Monday, would he act on his own advice to “take responsibility” and clear his name “to ensure that the people’s money are not abused”? Read the rest of this entry »

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Goldman Sachs Is Sued on Ties to Malaysia’s Prime Minister

By NATHANIEL POPPER
New York Times
JULY 26, 2016

A private equity firm is suing Goldman Sachs, accusing it in court documents filed on Tuesday of improperly trying to curry favor with the scandal-plagued prime minister of Malaysia.

The firm, Primus Pacific Partners, said Goldman provided bad advice to one of its clients to help the financial fortunes of the Malaysian prime minister, Najib Razak.

The prime minister and people close to him have been previously accused by American authorities of embezzling billions of dollars from a Malaysian state investment fund, 1Malaysia Development Berhad, or 1MDB. Read the rest of this entry »

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