Archive for June 16th, 2017
Has Apandi read the ten “killer paragraphs” in US DOJ’s latest 1MDB kleptocratic suit to forfeit 1MDB-assets which directly linked Najib’s RM2.6 billion donation to 1MDB, and if so, how can he suggest that there is nothing new?
Posted by Kit in 1Malaysia, Financial Scandals, Najib Razak on Friday, 16 June 2017
The Attorney-General Tan Sri Mohamad Apandi Ali is even faster than the former Minister in the Prime Minister’s Department, Datuk Idris Jala, who completed his inquiry into the five-year-old RM13 billion Felda Global Ventures Holding Berhard (FGV) crisis in less than a week.
Apandi read the United States Department of Justice (DOJ) latest 1MDB kleptocratic suit to seize 1MDB-linked assets in the United States, United Kingdom and Switzerland in a matter of hours as to be able to declare that there was nothing new and to express his regret about “insinuations” against the Prime Minister in the DOJ’s latest 1MDB forfeiture suit.
For Apandi’s information, they are not insinuations but open and direct charge by the United States Government that the Prime Minister had lied when he claimed that the RM2.6 billion donations had come from Saudi Arabian royalty!
Apandi must be quite a speed reader, but has he read the ten “killer paragraphs” in the US DOJ’s latest 1MDB kleptocratic suit to forfeit 1MDB-linked assets because of the crime of money-laundering, which as good as linked the Prime Minister, Datuk Seri Najib Razak’s RM2.6 billion “donations” to 1MDB money-laundering, debunking the claim that they were donations from Saudi Arab royalty and that US$620 million had been returned to Saudi Arabian donor. Read the rest of this entry »
Najib should make public the findings of the 1MDB Special Task Force of the four Tan Sris in July 2015 to resolve the two major financial scandals under Najib premiership – the 1MDB and FGV scandals
Posted by Kit in Corruption, Felda, Financial Scandals, Najib Razak on Friday, 16 June 2017
The Prime Minister, Datuk Seri Najib Razak, has announced that former Minister in the Prime Minister’s Department, Datuk Seri Idris Jala had completed his assignment to look into the Felda Global Ventures Holdings Bhd (FGV) crisis within a week.
The RM13 billion FELDA/FGV scandal together with the international multi-billion dollar 1MDB money-laundering scandal are the two greatest financial scandals of the seven-year Najib premiership, which Najib had promised to bring about the best democracy in the world!
I call on Najib to act with similar despatch to resolve the 1MDB scandal, which has brought to Malaysia the infamy and ignominy of being regarded worldwide as a “global kleptocracy”.
This can be done by Najib making public the findings of the 1MDB Special Task Force of the four Tan Sris which he disbanded in July 2015, for it is clear from hindsight that the 1MDB Special Task Force had done more work to get to the bottom of the 1MDB scandal than any other 1MDB probe – including the probes by the Auditor-General and the Parliamentary Public Accounts Committee. Read the rest of this entry »
US targets $540m in assets bought with 1MDB funds
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Friday, 16 June 2017
David J Lynch in Washington
Financial Times
June 15, 2017
Latest move to recover money allegedly stolen from Malaysian sovereign wealth fund
The US Department of Justice on Thursday moved to seize an additional $540m in assets purchased with funds stolen from Malaysian sovereign wealth fund 1MDB, including a luxury yacht, a Picasso painting, jewellery and rights to the movie Dumb and Dumber.
The suit, which was filed in federal court in Los Angeles, is the latest move in an ambitious US effort to recover money allegedly siphoned from the fund in a sophisticated operation that ran from 2009 until 2015.
The US now estimates that a total of $4.5bn was pilfered by Malaysian public officials and their associates including Jho Low, a well-connected Malaysian businessman who held no formal role in the project. Read the rest of this entry »
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