Archive for September 19th, 2017
The Wolf Of Wall Street producer settles civil suit linked to 1MDB
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Tuesday, 19 September 2017
The NewPaper
Sep 18, 2017
KUALA LUMPUR The company that made the film The Wolf Of Wall Street and was co-founded by Malaysian Prime Minister Najib Razak’s stepson has settled a civil lawsuit brought by the United States government to seize assets allegedly bought with money stolen from a Malaysian state fund.
Red Granite Pictures announced the settlement in a filing at the federal Los Angeles court last Friday, without revealing any sum.
US prosecutors had claimed that the 2013 film, directed by Martin Scorsese and starring Leonardo DiCaprio, was financed by Red Granite using funds stolen from 1Malaysia Development Berhad (1MDB). Read the rest of this entry »
Was RCI into Bank Negara forex losses three decades ago concluded earlier than scheduled to avoid the issue of Najib having to testify why he had opposed my call for an RCI in 1993?
Posted by Kit in Corruption, Financial Scandals, Mahathir, Najib Razak on Tuesday, 19 September 2017
A few hours after I issued a statement describing “the continued hearing on Sept. 18 of the farcical Royal Commission of Inquiry into Bank Negara foreign exchange losses a quarter of a century ago, while there is no RCI on the elephant in the room – the international multi-billion dollar 1MDB money-laundering scandal which turned Malaysia into a global kleptocracy overnight” as the sixth political disaster of the Prime Minister, Datuk Seri Najib Razak in a week, the Sidek RCI into the Bank Negara forex losses concluded earlier than scheduled.
Was the Sidek RCI into Bank Negara forex losses three decades ago concluded earlier than scheduled to avoid the issue why Najib is not testifying at the RCI to explain why he had opposed my call for a Royal Commission of Inquiry into the Bank Negara forex losses in 1993?
In his testimony before the RCI yesterday, former Prime Minister Tun Dr. Mahathir Mohamad revealed that Najib was among the ministers in a 1993 cabinet meeting who rejected my proposal at the time to set up a Royal Commission of Inquiry into Bank Negara foreign exchange losses.
I had at the time, some a quarter of a century ago, asked the then Finance Minister Datuk Seri Anwar Ibrahim to refer to the Cabinet to set up a RCI on Bank Negara’s forex losses. Read the rest of this entry »
‘Wolf of Wall Street’ Producer Reaches Settlement in Federal Corruption Case
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Tuesday, 19 September 2017
Gene Maddaus
Variety
15th Sept 2017
Red Granite Pictures, dogged for more than a year by its connection to a massive Malaysian corruption case, on Friday reached a settlement with federal prosecutors.
The Department of Justice filed a civil forfeiture case in July 2016, seeking to recoup proceeds from “The Wolf of Wall Street.” Prosecutors alleged that Red Granite — whose CEO, Riza Aziz, is the step-son of Malaysia’s prime minister — used funds embezzled from a Malaysian development authority to produce the film.
The case was one part of a much broader effort to seize more than $1 billion in assets, out of $4.5 billion allegedly stolen from the development fund, known as 1MDB. Prosecutors have seized a Picasso and a Basquiat that were gifted to Leonardo DiCaprio, as well as an Oscar statuette that once belonged to Marlon Brando. Read the rest of this entry »
Najib’s sixth mistake in one week: the continued RCI hearings into Bank Negara forex losses a quarter of a century ago while no RCI on the elephant in the room – 1MDB scandal which turned Malaysia into a global kleptocracy overnight
Posted by Kit in Corruption, Financial Scandals, Mahathir, Najib Razak on Tuesday, 19 September 2017
Two days ago, I spoke about Datuk Seri Najib Razak as a very disaster-prone Prime Minister who made history by committing five political disasters within a week.
But I had under-estimated Najib, as I am today writing about Najib’s sixth political disaster within a week, while tomorrow, I will deal with Najib’s seventh political disaster within a week – from Sept. 12 to 19. Read the rest of this entry »
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