Trump says ‘it’s an honor’ to host Malaysian PM who faces corruption probe over national wealth fund which gave Leo di Caprio a Picasso – as dignitary beds down in Trump hotel

*President Donald Trump met at the White House with Malaysian Prime Minister Najib Razak
*The Justice Department says people close to Najib stole billions of dollars
*Trump said it was a ‘great honor’ to have him in the White House
*Trump said a deal for Malaysia to buy Boeing planes is worth up to $20 billion
*He called Malaysia a ‘massive investor in the United States in terms of stocks and bonds’
*White House Press Secretary Sarah Huckabee Sanders ‘not aware’ if corruption accusation came up
*The prime minister was spotted repeatedly at Trump’s D.C. luxury hotel
*Malaysia’s government has found no criminal wrongdoing with the 1MDB fund founded by Najib
*U.S. Justice Department investigation for possible money laundering
*Najib says Malaysia plans to invest $4 billion in Trump’s infrastructure plan

By Geoff Earle, Deputy U.s. Political Editor For and Associated PressDaily Mail, UK
12 September 2017

President Donald Trump said it was a ‘great honor’ to have the prime minister of Malaysia at the White House, and the president’s spokeswoman said she wasn’t aware whether a massive corruption investigation of his associates came up.

Trump praised Malaysian Prime Minister Najib Razak for his country’s investments in the U.S. – and singled out purchases of Boeing aircraft that could hit $20 billion.

‘Malaysia is a massive investor in the U.S.,’ Trump said during a joint meeting in the White House cabinet room. ‘It’s an honor to have you here and your delegation with us,’ said Trump.

In the faint praise department, the president added: ‘He does not do business with North Korea any longer and we find that to be very important”

The prime minister’s entourage was spotted several times at Trump’s luxury hotel in D.C., which is located nearby the White House. According to a BBC report, Najib has a photo of he and Trump golfing that he keeps on his office desk.

White House press secretary Sarah Huckabee Sanders said it was a ‘personal decision’ where the Malaysian leader stayed.

‘We certainly don’t book their hotel accommodations, so I couldn’t speak to the personal decision they made about where to stay here in D.C.’

Although Trump transferred the hotel and other businesses to a family trust run by his adult sons, the president still owns and profits from the hotel, which saw a spike in room rates and bar tabs after he won the White House.

Najib said Malaysia was committed to purchasing 25 of Boeing’s 737 aircraft, and there is a ‘strong possibility’ to purchase another 25 in the near future.

‘Thank you,’ replied Trump.

He also mentioned U.S. investments that were even bigger.

‘We have Employees Provident Fund, which is a major pension fund in Malaysia. They’ve got quite a big sum of capital to be exported,’ the prime minister said.

‘They have invested close to $7 billion, in terms of equity, in the United States. And they intend to invest three to four additional billion dollars to support your infrastructure redevelopment in the United States.’

‘Great,’ Trump responded.

Left unsaid by either leader: anything about the massive corruption scandal swirling around Najib’s multibillion-dollar state fund.

The White House said it wasn’t aware if the issue came up between the two men.

Malaysia’s government has said it found no criminal wrongdoing at the fund, called 1MDB and founded by Najib. But it has been at the center of investigations in the U.S. and several countries amid allegations of a global embezzlement and money-laundering scheme.

The U.S. Justice Department says people close to Najib stole billions of dollars, and the federal government is working to seize $1.7 billion it says was taken from the fund to buy assets in the U.S.

White House press secretary Sarah Huckabee Sanders said later Tuesday that she was “not aware” of the corruption accusation coming up during Trump’s conversations with Najib.

At their meeting, Trump and Najib instead focused on areas of agreement, such as economic development and counterterrorism measures when they spoke during a public appearance in the Cabinet room of the White House.

“Mr. Prime Minister, it’s a great honor to have you in the United States and in the White House,” Trump said.

Flanked by Secretary of State Rex Tillerson and Vice President Mike Pence, the president crossed his arms and listened raptly as Najib described Malaysia’s purchase of billions of dollars’ worth of aircraft from Chicago-based Boeing. Trump said the deal is worth $10 billion to $20 billion.

Trump also pointed out that Malaysia is a “massive investor in the United States in terms of stocks and bonds.”

“They have to be very happy because we are hitting new highs on almost a weekly basis,” Trump said. “We’re very proud of our stock market, what’s happened since I became president.”

On fighting ISIS, Najib said his country would do its part to “keep our part of the world safe.” And he encouraged Trump to continue building partnerships in the region.

“The key is to support moderate and progressive Muslim regimes and governments around the world because that is the true face of Islam,” Najib said.

Najib has resisted calls to resign, has clamped down on critics and continues to enjoy the unwavering support of most ruling-party members, but his real test will come in general elections due by mid-2018.

Senior opposition lawmaker Lim Kit Siang said many Malaysians viewed Najib’s White House visit as a “national humiliation and shame” as he is tainted by the 1MDB financial saga.

Analysts said Najib hoped to dispel the corruption scandal and secure political legitimacy with the White House visit.

“He can tell Malaysians that the 1MDB is a non-issue and that the opposition’s message that he is unwelcome by world leaders is not true. He will also try to convey the impression that the U.S. investigation on 1MDB has nothing to do with him,” said James Chin, who heads the Asia Institute in Australia’s University of Tasmania.

Najib’s entourage was spotted several times at the Trump International Hotel, down the street from the White House. Trump stepped away from his global real estate, marketing and property management company when he took office, but he has not cut financial ties with it.

Sanders said Tuesday that the White House had nothing to do with choosing the accommodations of visiting foreign dignitaries. She said she did not believe Najib was trying to curry favor with Trump by staying at his hotel.

The Department of Justice’s anti-money-laundering division filed a complaint seeking forfeiture of properties connected to the Malaysian fund. Included in the complaint was a Picasso that a Malaysian financier and art collector named Jho Low gave to DiCaprio, Art News reported.

A DiCaprio spokesman said he returned it to the government before the filing, and that the painting had been offered for a charity auction for his foundation. The 1939 painting is titled Nature morte au crâne de taureau.

  1. #1 by Bigjoe on Wednesday, 13 September 2017 - 8:08 pm

    Critics should take it easy. New Yorkers will tell you, Trump in reality is a schlock, his deals favourable to him mostly. Najib is most probably to end up with the short end of the deal. Najib has just dumps ton of good stuff for the Donald. He will just take it and give little back.

    Najib will find out, if he falls short on his promises, the Donald will treat him like the schmuck that he is.

  2. #2 by good coolie on Wednesday, 13 September 2017 - 9:32 pm

    Round 1 to Najib!

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