THE GOLDMAN SACHS AFFAIR

blogtunm.blogspot.com Tun M 

1. The Government seems pleased with the settlement with Goldman Sachs.

2. But the sum to be paid to Government is nothing compared to what is due to Malaysia.

3. The total amount that should be due is USD9.6 billion. What Goldman Sachs has agreed to pay is USD2.5 billion in cash. USD1.4 billion will be based on the proceeds of the assets now with Department of Justice (DOJ) of America.

4. Now the DOJ has also undertaken to give back the asset to Malaysia as we have proven that the assets belong to us.

5. In fact, it had already returned USD620 million together with SGD50 million from proceeds of sales of assets.

6. Incidentally the settlement with Riza Aziz is also to be from the sale of assets seized by the United States (US).

7. The sale of stolen property does not go to the thief. It goes to the owner. In this ease the owner needed to pay the loans taken including the interest.

8. So actually, Goldman Sachs would be paying back only USD2.5 billion. That is very much less than what it should pay.

9. Its initial offer USD1.75 billion was ridiculous. It was objected to in favor of a settlement in the courts. It must be remembered that the money was borrowed by 1MDB. Now the Minister of Finance will have to pay the lenders. After the payments received by the Government, it will have to pay USD4.85 billion. This will be a charge basically to the tax payers.

10. I suggest the Government withdraw its agreement to accept the USD2.5 billion offered by Goldman Sachs.

NAJIB’S BROADSIDE

blogtunm.blogspot.com Tun M 

IN an article published by Malaysiakini here on 30th Oct, 2017 titled “Najib launches into lengthy broadside against Dr M at dinner event” the PM made remarks which most believe is directed at me. I am reproducing Malaysiakini’s article below and my responses in bold. Malaysiakini reports Najib’s lengthiest broadsides against me though not by name.

He did this in a keynote address, titled “Governance in a Developing Democracy”, at a dinner organised by the United Nations Association Malaysia (UNAM) in Kuala Lumpur. The Prime Minister in his speech lamented what he termed to be the “epidemic of fake news”.

Dr M: What fake news! If they are fake prove that the Dept of Justice, America’s report about purchases of residence in UK and US, Wolf of Wall Street film, purchases of paintings, pink diamonds did not happen, that USD 3.5 billion of Riza’s money came from his family, that 1MDB money did not pass through Singapore banks as reported by officials, that USD 681 million was not in his account at AmBank, that Jho Low is not the recipient of 1MDB money.” Don’t just deny. Don’t ignore. Give prove. All money transactions are documented. Show us the documents on all the transaction involving 1MDB money. Sue the Dept. of Justice of America, the Monetary Authority of Singapore. Let Jho Low answer questions by American authorities.

Najib said: “From time to time, some Western media outlets have been featuring interviews with one of our former leaders and presenting his allegations about the country as facts.

“They are not. This former leader has been on a nearly three-year mission to illegitimately topple the democratically elected government of Malaysia in between election cycles.”

Dr M: What is illegitimate about toppling a democratically elected Government? It happens in Brazil, in South Korea and in many democratic countries in the past, between elections. The evidences against the overthrown leaders were not even clear. Already they were overthrown. Here the evidence is overwhelming – but hidden by the Attorney General. If the A.G. charges him in court, he would be overthrown today.

This former leader, Najib added, has tried “every method at his disposal and failed each time”.

Dr M: The attempts failed because there is no rule of law in Malaysia. Reports against Najib result in arrest and jailing of the man reporting. Reports by institutions are made official secrets. Judgement is passed by the A.G., not a court of law. Have a proper hearing and I will accept the verdict. If guilty step down.

As a result, Najib said, the leader was making himself available to any media organisation that was willing to listen so that he could “spread fake news and tell lies about his country for selfish political gains”.

Dr M: The print and electronic media in Malaysia is controlled by Government. Even Parliament cannot discuss 1MDB and the 2.6 billion Ringgit in Najib’s account. UMNO General Assembly was instructed to be silent on these. Am I supposed to censor myself when asked by foreigners. I have been talking to foreigners throughout my life. Prove that what I say is fake. Let’s have “Nothing to hide 3”.

Najib said: “He seems to think that if he tells a lie often enough, people will begin to believe it is true. And unfortunately, that may be the case as no one would expect a former leader to tell outright untruths.”

For instance, Najib cited the former leader’s oft-repeated claim that Malaysia was among the top 10 most corrupt countries in the world.

“When challenged to produce evidence for this, he is unable to do so. That is because it is nonsense.”

Dr M: It is the foreign media which repeatedly and extensively published Malaysia as among the 10 most corrupt country here , here , here , here and here to name a few. During by-elections money was openly paid to voters, kitchen appliances were given. The 2018 budget is offering money to people prior to an election. I don’t have to repeat my accusations. The people are already repeating them and telling me.

Citing Transparency International’s latest ranking, Najib pointed out how Malaysia was listed among the top third least corrupt countries, at 55th place out of 176.

Dr M: What about Transparency International (TI) Chief, Jose Ugaz’s speech on 2nd Sept. 2015 at the opening of the 16th IACC in Malaysia. Among other things Ugaz said;

“….What does that mean for Malaysia? The government has taken measures and initiatives to tackle corruption. We will surely hear that from the minister. We want to see more progress but that cannot happen while there are unanswered questions about the $700m that made its way into the Prime Minister’s personal bank account. In recent weeks we have seen the Attorney-General who was critical of the government suddenly replaced, the 1MDB taskforce suspended, investigators at the Anti-Corruption Commission arrested or transferred, and newspapers suspended for reporting on the matter. These are not the actions of a government that is fighting corruption. We may well hear promises of reform. That is not what is needed at this time. And promises alone will not restore confidence and trust. There are two questions that need to be answered: Who paid the money and why? Where did it go? One man could answer those questions. If that does not happen then only a fully independent investigation, free from political interference, can uncover the truth.

Until that happens, no claim from the government on anti-corruption will be credible.

You can read the whole speech here or watch the video clip at the end of this posting

On the former leader’s claim that the country was going bankrupt, Najib refuted this by quoting the World Bank, which stated that the “Malaysian economy is progressing from a position of strength”.

Dr M: The Malaysian Government total debt is almost one trillion Ringgit. Show how you are going to pay this. Let independent auditors audit KWSP, Tabung Haji, KWAP, FGV and PNB.

Najib said: “Another, which is laughable, is that Malaysia is in danger of sliding into dictatorship.”

Dr M: There already is a dictatorship in Malaysia now. There is no rule of law. A.G. prevents Najib’s case from going to court. Opposition figures are hounded and detained. Possible supporters of opposition are accused by MACC of corruption and money laundering without proof.

Ignoring the 2.6 billion in Najib’s account, the MACC is instead accusing, detaining and questioning a former minister on unfounded suspicion of corruption.

Najib insisted that elections are fiercely fought in the country, while the opposition has significant representation in Parliament and also controls three states.

Dr M: Elections were free before. Now there is a lot of cheating especially postal votes. In Pekan, Najib’s margin of 250 in 1999 increased to 25,000 in 2004 while the electorate increased from 35,000 to 80,000. There is no way for these increases to happen .Obviously the additional voters were created out of nothing. Financing of the opposition is actively blocked by Najib. All banks, even private one are closed to the opposition.

Najib said: “We have allowed demonstrations against the government in Kuala Lumpur. These are not the markers of a dictatorship. The claim is ridiculous. The irony is that this former leader has admitted that he himself was a dictator when in office. And this is his words, not mine,” said Najib to laughter from the audience.”

Dr M: If I can call myself a dictator, Najib should call himself a tyrant. I respected the law and I resigned of my own free will. Let’s see Najib do the same. Najib abuses the law with the help of the IGP and A.G. Or he should consider calling himself a crook. After all he had attained that acclaim in the Newsweek report during his Trump visit.

Despite all these, Najib noted that many things have changed since the former leader’s time.

“We have made it clear that there will be no more crony capitalism. We have invested in the infrastructure and public transport Malaysia needs and in opposition states as well as BN states, unlike his time.”

Dr M: I had no Jho Low or Riza Aziz

Apart from his veiled attack against Mahathir, Najib in his speech outlined initiatives he had undertaken, which he claimed, were essential to good governance in the country.

“Firstly, the concept of 1Malaysia, People First, Performance Now, secondly, the Government Transformation Programme and thirdly, the Economic Transformation Programme.”

Dr M: This concept is great. People are the first to bail out Government through G.S.T. The only performance we see is the corruption of senior Government servants, hospitals without medicine, low-cost housing not built, additional taxes based on nothing, and raids to oppress people and deter them from supporting the opposition. Registration of the opposition coalition has not been given. 1 Malaysia is about BN first. The only transformation is the new security laws being tightened and more power to the PM to detain people.

He also cited his brainchild – National Transformation 2050 (TN50) – which he said was launched to further strengthen the country.

Dr M: TN50 is launched. By 2050 the debt will bankrupt the country. The 1 trillion national debt will increase to 3 trillion. The Ringgit will depreciate further.

The government’s bottom-up approach in TN50, he said, was a clear example of the government practising good governance in response to the changing needs of a young population.

Dr M: Bottom up means the people must pay GST, endure high cost of living, no scholarship for their children while Najib enjoy the billions stolen from 1MDB, KWAP, KWSP etc.

“The economic performance I have outlined and the acclaim we have received from international organisations should be conclusive proof of the good governance this government has practised in Malaysia,” Najib said.

Dr M: What acclaim! Is being called a kleptocratic country an acclaim?

Below is Transparency International (TI) Chief, Jose Ugaz’s speech on 2nd Sept. 2015 at the opening of the 16th IACC in Malaysia

1MDB MONEY

blogtunm.blogspot.com Tun M 

1Malaysia Development Berhad Money

1. 1MDB is about money. It was set up as “Sovereign Wealth Fund”. But it is not. It is not because the 42 billion Ringgit was borrowed. And borrowed money cannot be regarded as wealth.

2. Money today takes many form. Originally it came as coins made of precious metal. It later is represented as currency notes, then as cheques, credit cards, debit cards and now as pin numbers.

3. Whatever form that money takes, it cannot be moved without some written records. These records may be as receipts for payment, bills, cheques and cheque stubs, entries in account books of traders and banks, records of electronic transfers etc.

4. The names of the owners or recipient must be in these records, especially when large transactions are involved.

5. If it is claimed that some generous Arab had given the USD 681 million, there must be plenty of records. The donor must have records of the money deposited in his bank, from which he must have given the money. He cannot have that amount of money as cash in his house. His donation must have been recorded in the bank or banks.

6. The bank will have the name of the owner, when he received the money, from whom, to whom, in current account, or fix-deposit, in one lump sum or in drip and drab, currencies used, deposited as cash or cheques or electronic transfer etc.

7. And when the money is donated to the lucky recipient, what form did it take; as cash or cheques or electronic transfer, from whom to whom, account number, entries in books, the bank where the money is held, the cheques or cash drawn and transferred, the electronic transfer, the recipient banks, the records in the recipient banks’ books, the cheques drawn on the bank, payment made, to whom, statement in bank account etc etc.

8. Clearly money, especially large sums of money cannot be moved within a country or across borders without a whole series of reports or notes being made in banks and cheques and the account books as to who paid the recipient for goods or services etc etc.

9. Merely declaring that the money is a donation for whatever purpose or a letter from the alleged donor is not enough. A declaration by the A.G. that there was nothing wrong with the transaction is also not enough.

10. Let us see all the records and the documents including the business of the ultra rich donor who had donated easily the biggest sum of money in the history of human charity. Let us see the cheques drawn or the money in the Arab Malaysian Bank.

11. Let an independent body have sight of all the documents and swear as to the truth of their findings.

12. Until then we can only accept the report of the Department of Justice of America (DOJ) as God given truth, that 1MDB money has been stolen by the people responsible for its management, i.e. by the Chairman of the Advisory Board of 1MDB, that Jho Low still has most of the billions and that the money can be used to bribe, particularly in the PRU 14.

13. I wonder who advised the all-powerful Attorney General not to talk to the press, not to explain “No Further Action (NFA)” does not mean no further action but means further action can be taken. Is his “consent to Bank Negara” to issue a letter of administrative compound to 1MDB not a consent but is a denial of agreement to what Bank Negara was legally required to do.

14. Or is “no wrongdoing” an admission that there was wrongdoing by Najib.

HAS THERE BEEN ANY WRONGDOINGS BY NAJIB

blogtunm.blogspot.com Tun M 

HAS THERE BEEN ANY WRONGDOINGS BY NAJIB ?

Since the debate had been disallowed, I believe Malaysians missed the opportunity to hear Nazri Aziz explaining some of the burning questions I would have asked. These questions are based on known facts and are not wild accusations or speculations.

1. For example the Malaysian Attorney General declared that Najib was not guilty of any wrongdoings.

2. Accordingly all the reports by Bank Negara, Malaysian Anti-Corruption Commission and the Auditor General which were the bases for indicting Najib, were dismissed by him. But they were also put under the Malaysian Official Secrets Act, which means nobody can quote from them even if they had read them.

3. And Najib declares that he had done nothing wrong.

4. On the other hand the Singapore prosecutors have found

i. Yak Yew Chee, former director of Swiss bank BSI, guilty of four criminal charges related to Malaysia’s state investor 1MDB.

ii. Yvonne Seah Yew Foong, a former BSI private banker, was sentenced to two weeks jail and fined $10,000 becoming the second person convicted in Singapore’s probe into 1Malaysia Development Bhd.

iii. Former BSI banker Yeo Jiawei was jailed for 30 months for witness tampering in 1MDB scandal.

iv. Falcon Bank’s ex-Singapore branch manager, Jens Sturzenegger, jailed 28 weeks and fined S$128,000 in 1MDB related scandal.

5. Also reported by the Straits Times of Singapore is Sturzenegger’s ties with Jho Low (Low Taek Jho) a close friend of Najib, “accused around the world of being at the centre of alleged massive money laundering linked to 1MDB”.

6. Clearly Singapore finds a lot of things wrong with 1MDB funds and management. But Malaysia’s famous Attorney General declares there is nothing wrong in the operation of 1MDB money. He does not see any need for continued investigations.

7. It cannot be that 1MDB money flew on its own to Singapore into the hands of the four crooks named. Somebody in Malaysia who managed 1MDB must have sent the money to Singapore. Somebody from 1MDB must have had dealings with the crooked Singapore bankers and the banks involved. Somebody in 1MDB’s management must know about the systematic siphoning of 1MDB money, or abuses of the authority to handle it.

8. But the A.G., the Malaysian police and 1MDB executives are not interested. The whereabouts of the 1MDB money and the siphoning of a substantial amount of it by various people seems to be of no concern to Malaysian authorities. That billions of Ringgit of 1MDB money have been lost is also of no concern to Malaysian authorities, the 1MDB managers and Najib as the sole authority on 1MDB money and as Prime Minister of the country.

9. When the BMF money was lost way back in 1981 the Government set up a committee of three, headed by Tan Sri Ahmad Nordin, the Auditor General then, to investigate the management of BMF and the losses, although the money lost was not Government money. A white paper was issued and parliament debated the matter openly. The report was not placed under the Official Secrets Act.

10. Civil suits against BMF officials were initiated by the Government and extradition began to bring back Lorrain Osman.

11. The amount lost by BMF was about USD47.5 million (RM118.75 million at the exchange rate in 1980s), a piddling sum compared to the RM42 billion (42 thousand millions) involved in 1MDB scandal. Yet the Government of that time initiated action against the culprits. In the end Lorrain was jailed and others who were implicated punished or fled the country.

12. In the case of 1MDB and the loss of billions as well as the continued need to pay billions for loans raised by 1MDB, the Attorney General merely said nothing wrong was done and no more investigation needed to be made.

13. This decision by Tan Sri Dato Apandi b. Hj. Ali, the Attorney General clearly seem to be a cover-up of Najib’s involvement in the losses, the obvious possibility that the DOJ’s allegation that the RM2.6 billion ($681 million) in his bank account came from 1MDB is true.

14. Najib’s approval must be obtained for all money transactions by 1MDB, according to article 117 in 1MDB’s Articles of Association. Any loss of money by 1MDB must therefore be placed squarely on Najib’s shoulders.

15. On 3rd June 2015 Bank Negara issued a statement which include the legal provision under which the bank would trigger formal investigations. The provisions are:

i. When monies for which approvals are given are not used for the purpose indicated in the submission;

ii. When incorrect or false information are provided in the submission;

iii. Failure to comply with the conditions in the approval.

16. If any or all of these rules and regulations are breached then Bank Negara would revoke the approval.

17. The statement went on to say “with respect to 1MDB, a formal inquiry has commenced to examine any contravention of the Central Bank’s rules and legislation……”.

18. It seems that Bank Negara did carry out an inquiry on 1MDB for on 28th April 2016, the bank issued the following statement:

“Following receipt of the consent of the Attorney General today, Bank Negara Malaysia has issued a letter of administrative compound to 1MDB for failure to comply with directions issued under the Financial Services Act, 2013. This includes requirement for 1MDB to repatriate monies remitted abroad following the revocations of the three permissions granted by Bank Negara Malaysia to 1MDB in 2009, 2010 and 2011. 1MDB has also failed to submit evidence and documentation specified by the Bank to justify its liability to fully comply with the repatriation order. 1MDB has been given until 30 May 2016 to pay the compound. The payment of the compound marks the conclusion of the investigation by Bank Negara Malaysia on the contraventions to the rules and regulations of the Central Bank.”

19. Conclusion of investigation does not mean no action should be taken based on the results of the investigation.

20. In a news report on 25 May 2016 “1MDB confirms that it has today made payment in full, of the compound, in compliance with the decision of BNM”.

21. This payment of the compound means that 1MDB does not dispute the correctness of the accusations made by Bank Negara that it is guilty of wrongdoings with regard to the approval of Bank Negara for USD1.83 billion for debt management and restructuring exercises overseas.

22. Since the Attorney General had given his consent to the action taken by Bank Negara, he himself has clearly admitted that 1MDB was involved in wrongdoings with regard to the approval of Bank Negara.

23. The wrongdoings of 1MDB must be shouldered by Dato Sri Najib because they cannot be done without his approval (article 117 of 1MDB Articles of Association).

24. How then can the A.G. declare that Najib has committed no wrongdoings when he himself had given his consent to Bank Negara to issue a letter of administrative compound (fine).

25. According to the law the A.G.’s decision is final. In the courts, appeals are allowed. But alone in this country the A.G. holds indisputable authority. But the fact remains that his decision is contrary to his earlier decision to give Bank Negara consent to compound (fine) 1MDB.

NAJIB PINJAM LAGI

blogtunm.blogspot.com Tun M 

1. Najib isytihar pinjaman sebanyak 55 billion Ringgit dari sebuah syarikat di masa lawatannya ke China.

2. Pinjaman ini adalah untuk membangunkan landasan keretapi letrik di Pantai Timur.

3. Kerajaan Najib telah pun pinjam 42 billion Ringgit untuk 1MDB. Kerana tidak membayar faedah dan pokok, hutang ini meningkat kepada lebih 53 billion Ringgit. Tidak ternampak sedikit pun pelaburan yang memberi keuntungan yang boleh diguna untuk bayar hutang. Sudah tentu jika tidak dibayar faedah hutang ini akan meningkat lagi.

4. Najib juga merancang untuk mengadakan keretapi kelajuan tinggi antara Singapura dan Kuala Lumpur. Untuk projek ini Najib perlu hutang lebih kurang 50 billion Ringgit lagi.

5. Jumlah semua melebihi 160 billion.

6. Kita tidak diberi maklumat tentang pelaburan 1MDB selain dari kerugian membeli stesen janakuasa dan menjualnya kepada syarikat China dengan kerugian yang besar.

7. Tetapi berkenaan pinjaman sebanyak 55 billion untuk landasan keretapi, kita boleh ramal ke mana akan perginya wang 55 billion ini.

8. Kalau benar kos landasan Pantai Timur ialah 55 billion, yang akan dapat keuntungan ialah kontraktor asing yang tentu akan membangun projek ini.

9. Mereka akan membawa masuk segala bahan teknologi, pekerja dari negara mereka. Projek ini akan ambil masa sekurang-kurangnya 7 tahun, mungkin lebih. Pekerja mereka, seramai puluhan ribu mestilah di tempat di sini, khusus di Kelantan, Terengganu dan Pahang.

10. Kos semua ini akan diperolehi hampir semuanya oleh kontraktor luar negeri. Jadi wang yang dipinjam dari syarikat negara China akan kembali ke sana.

11. Di masa yang sama bayaran hutang sebanyak 55 billion dengan faedah akan kembali ke negara itu juga. Mungkin pembayaran akan ambil masa 30 tahun atau lebih. Jumlah bayaran bersama dengan faedah selama 30 tahun akan meningkat kepada 90 billion Ringgit.

12. Kemudian datang keperluan membeli “rolling stock” iaitu gerabak-gerabak elektrik yang akan menelan belanja berbillion lagi. Sekali lagi wang berbillion akan mengalir keluar negeri.

13. Pekerja luar yang dibayar gaji di sini akan hantar separuh balik ke negara mereka. Sekali lagi wang kita akan mengalir keluar negeri.

14. Sepatutnya bayaran balik semua ini, hutang, kontrak, alatan untuk landasan dan gerabak elektrik datang dari keuntungan operasi keretapi pantai timur. Bolehkah kita dapat cukup pendapatan menjual tiket keretapi atau muatan barangan antara pantai barat dengan pantai timur?

15. Kata orang Kelantan lebih murah dan lebih cepat jika penerbangan low cost diguna untuk berjalan antara Pantai Timur dengan bandar-bandar di Pantai Barat.

16. Jika tiket keretapi Pantai Timur dijual dengan harga yang tinggi mungkin ramai yang akan pilih penerbangan.

17. Jika harga tiket rendah keuntungan mungkin tidak diperolehi.

18. Jadi hutang dan kos serta kerugian perlu ditanggung oleh Kerajaan dari dana campuran atau consolidated Fund.

19. Tetapi hari ini Kerajaan tidak ada duit. Lagi pun nilai Ringgit jatuh teruk – bermakna lebih banyak Ringgit diperlukan untuk membayar hutang dengan Dolar Amerika atau Yuan. Dari manakah duit ini akan datang. Hutang lagi atau naikkan cukai dalam negeri dan GST. Dan ini akan membebankan rakyat dengan kos sara hidup yang melambung tinggi.

20. Ya. Memang rancangan keretapi Pantai Timur adalah projek gilang dan gemilang. Yang tidak gilang gemilang ialah beban hutang. Rakyat Malaysia yang akan tanggung beban ini berpuluh tahun.

1MDB SEKARANG RAHSIA TELAH TERBONGKAR

blogtunm.blogspot.com Tun M 

1. Jabatan Kehakiman Amerika Syarikat (DOJ) telah mengambil tindakan untuk merampas aset individu-individu yang dinamakan yang disyaki mencuri wang hak milik 1MDB dan Kerajaan Malaysia.

2. Secara keseluruhannya 17 aset telah disenaraikan. Ini termasuk harta, pelaburan, pesawat udara, kapal layar, syarikat-syarikat, lukisan dan filem-filem. Jumlahnya bernilai USD1 bilion. Dokumen sepanjang 136 halaman itu menunjukkan secara terperinci cara wang itu disalurkan melalui pelaburan penipuan dalam syarikat-syarikat palsu, melalui pelbagai bank dan individu-individu serta berakhir dalam akaun MALAYSIAN OFFICIAL 1.

3. Siapakah Malaysian Official 1 yang disebut 36 kali dalam laporan ini. Beliau digambarkan sebagai “seorang pegawai berpangkat tinggi dalam Kerajaan Malaysia yang juga memegang kedudukan yang berkuasa dengan 1MDB. Sepanjang keseluruhan masa berkaitan dengan aduan itu, Malaysian Official 1 adalah “pegawai awam” sebagai istilah yang digunakan dalam 18 USC – 1956 (c) (7) (B) (iv) dan “penjawat awam” sebagai istilah yang digunakan dalam Seksyen 21 Kanun Keseksaan Malaysia.”

4. Dalam para 39 laporan tersebut “Malaysian Official 1 memegang jawatan yang berkuasa dengan 1MDB. Malaysian Official 1 mempunyai kuasa untuk meluluskan semua pelantikan kepada, dan penarikan balik daripada, Lembaga Pengarah 1MDB dan Kumpulan Pengurusan Kanan 1MDB. Di samping itu, sebarang komitmen kewangan 1MDB, termasuk pelaburan yang mungkin memberi kesan kepada jaminan yang diberikan oleh Kerajaan Malaysia untuk manfaat 1MDB atau mana-mana dasar kerajaan Malaysia, memerlukan kelulusan Malaysian Official 1. ”

Para 102 laporan menyatakan bahawa Malaysian Official 1 adalah benefisiari muktamad AmPrivate Banking – Akaun MR adalah akaun sama yang kemudiannya menerima bayaran tertentu berjumlah kira-kira USD681 juta pada Mac 2013. Seperti yang dinyatakan dalam Perenggan 263 di bawah, Peguam Negara Malaysia telah secara terbuka menyatakan bahawa akaun yang menerima bayaran $681 milion itu dipunyai oleh Dato Sri Najib, Perdana Menteri Malaysia. Tidak mungkin akaun dan jumlah USD681 juta dimiliki oleh dua orang yang berbeza.

Para 28 menyatakan “Malaysian Official 1″ adalah seorang pegawai berpangkat tinggi dalam Kerajaan Malaysia yang juga memegang kedudukan yang berkuasa dengan 1MDB.”

Para 29 “Riza Shahriz bin Abdul Aziz (“Aziz”), seorang warganegara Malaysia, adalah saudara kepada Malaysian Official 1 dan seorang kawan LOW. Beliau adalah pengasas bersama Red Granite Pictures, iaitu studio pengeluaran dan pengedaran filem Hollywood, pada tahun 2010.”

Dalam Para 39 Malaysian Official 1 mengambil alih kedudukan berkuasa dengan 1MDB dan lain-lain.

5. Saya tidak tahu mengapa pegawai-pegawai Amerika yang menulis laporan segan memberi nama sebenar Malaysian Official 1 pada hal dengan rela hati menyebut nama-nama pesalah lain, iaitu Riza Aziz, Jho Low dan Khadim Abdullah. Jika ini adalah kerana bukan peringkatnya untuk membuat tuduhan jenayah, maka mana-mana nama pun tidak patut disebut.

6. Sekarang Najib dan penyokong-penyokong bodoh beliau mengatakan bahawa Najib tidak terlibat oleh sebab namanya tidak disebut. Najib sendiri berkata, “Biarkan proses undang-undang berjalan bagi mereka yang nama mereka disebut oleh US DOJ.” Jelas sekali bahawa beliau menganggap proses undang-undang itu tidak mengandungi siasatan berhubung peranannya sendiri di dalam mencuri wang milik 1MDB.

7. Namun rujukan kepada Malaysian Official 1 bertepatan dengan apa yang diketahui dan yang diakui oleh Najib sebagai mempunyai kaitan dengan beliau. Ini termasuk rujukan kepada USD681 juta dalam akaun Malaysian Official 1, rujukan kepada kuasa Malaysian Official 1 atas Kerajaan dan 1MDB yang bertepatan dengan kedudukan Najib sebagai Menteri Kewangan dan Penasihat kepada Lembaga Pengarah 1MDB. Dan begitulah seterusnya dengan 30 penerangan lain mengenai hal kuasa dan peranan Malaysian Official 1 serentak dengan peranan Najib sebagai Perdana Menteri, Menteri Kewangan Malaysia dan Penasihat kepada Lembaga Pengarah 1MDB.

8. Walaupun terdapat penerangan terperinci dalam laporan DOJ bagaimana wang 1MDB telah dipindahkan melalui pelbagai syarikat, termasuk Good Star, sebuah syarikat yang dimiliki oleh Jho Low dan bank-bank di beberapa negara dan akhirnya menjelma dalam akaun Malaysian Official 1 di Ambank, Peguam Negara menegaskan bahawa tidak ada bukti bahawa wang daripada 1MDB telah disalah gunakan.

9. Di bawah 11 pada Para 14 laporan DOJ “Fasa The Good Star: Lebih daripada $1 bilion disalah gunakan daripada 1MDB.”

10. Para 40, cara bagaimana $1 bilion wang 1MDB telah dilaburkan dalam Petro Saudi diperincikan.

11. Para 41 menjelaskan bahawa Jho Low dan rakan-rakannya menyebabkan $700 juta daripada $1 bilion bertujuan untuk dilaburkan dalam Petro Saudi, dihantar ke satu akaun di RBS Coutts Bank di Zurich yang dipegang atas nama Good Star Ltd, sebuah syarikat yang dimiliki oleh Jho Low.

12. Para 42 menyatakan bahawa “di antara bulan Mei dan Oktober 2011”, kira-kira $330 juta dana tambahan telah dihantar atas arahan pegawai 1MDB ke akaun Good Star yang kononnya mempunyai kaitan dengan suatu perjanjian pembiayaan antara 1MDB dan 1MDB-Petro Saudi JV.

13. Mungkin Peguam Negara Malaysia dapat menjelaskan mengapa pelaburan 1MDB sebanyak $1 bilion harus pergi ke dalam akaun Good Star dalam RBS Coutts Bank di Zurich. Atau adakah beliau akan menafikan bahawa ini berlaku? Dalam kes ini beliau patut menunjukkan bukti bahawa ianya tidak berlaku. Semata-mata dengan berkata ianya tidak benar tidak mencukupi. Kata-kata Peguam Negara tidak mempunyai sebarang kredibiliti sama sekali. Dakwaan bahawa tidak ada bukti salah laku Najib dalam semua laporan-laporan yang dikemukakan kepadanya adalah seandai mempercayai air mata tangisan buaya. Dakwaan Peguam Negara bahawa Najib telah mengembalikan RM2.3 bilion daripada RM2.6 bilion yang diberikan oleh seorang Raja Arab Saudi yang telah meninggal dunia mempunyai kredibiliti yang sama. Tiada dokumen pemindahan dan tiada resit telah dipamerkan.

14. Mencuri wang adalah satu jenayah. Semata-mata merampas wang yang dicuri tidak membatalkan jenayah itu. Satu-satunya urutan logik untuk menyita wang yang dicuri adalah membuat pertuduhan jenayah terhadap pencuri. Bagaimanakah DOJ dari Amerika Syarikat akan mengenakan tuduhan terhadap Malaysia Official 1 tanpa menyebut namanya?

15. Rakyat Malaysia mahu menebus semula nama baik mereka. Mereka tidak mahu dipimpin oleh seorang pemimpin yang disyaki kleptokrasi mencuri berbilion-bilion wang Kerajaan. Mereka sendiri tidak boleh berbuat apa-apa kerana Malaysian Official 1 mengawal Peguam Negara dan polis – agensi-agensi penguatkuasaan. Mereka tidak boleh menyingkirkannya melalui undi tidak percaya kerana beliau mengawal majoriti Ahli-ahli Parlimen melalui langkah-langkah yang haram.

16. Suka atau tidak, mereka terpaksa bergantung kepada tindakan oleh negara-negara asing. Jika Amerika Syarikat benar-benar percaya dengan membasmi rasuah dan pengubahan wang haram yang melibatkan negara mereka, mereka sepatutnya tidak segan untuk menyebut nama dan membiarkan proses undang- undang berlaku.

17. Apabila pencuri adalah pengawas polis dan agensi pendakwa, hanya campur tangan asing sahaja yang boleh membawa keadilan.

18. Tangislah negara ku yang tersayang .

THE CAT IS NOW OUT OF THE BAG

1. The Department of Justice (DOJ) of the United States of America has taken action to seize the assets of named individuals suspected of stealing money belonging to 1MDB, and the Government of Malaysia.

2. Altogether 17 assets are listed. They include properties, investments, aircrafts, yachts, companies, paintings and movie films. They are worth USD 1 billion. The 136 page document gives in detail the way the money was siphoned through fraudulent investments in bogus companies, passing through various banks and individuals and ending in the account of MALAYSIAN OFFICIAL 1.

3. Who is Malaysian Official 1 mentioned 36 times in the report. He is described as “a high-ranking official in the Malaysian Government who also held a position of authority with 1MDB. During all times relevant to the complaint, Malaysian Official 1 was a “public official” as that term is used in 18 USC – 1956(c)(7)(B)(iv) and a “public servant” as the term as used in Section 21 of the Malaysian Penal Code.”

4. In para 39 of the report “Malaysian Official 1 assumed a position of authority with 1MDB. Malaysian Official 1 had the authority to approve all appointment to, and removals from, 1MDB’s Board of Directors and 1MDB’s Senior Management Team. In addition, any financial commitment by 1MDB, including investments, that are likely to affect a guarantee given by the Government of Malaysia for the benefit of 1MDB or any policy of the Malaysian Government, required the approval of Malaysian Official1.”

Para 102 of the report states “that Malaysian Official 1 is the ultimate beneficiary of AMPRIVATE BANKING – MR Account is the same account that later received certain payments totalling approximately $681 million USD in March 2013. As set forth in Paragraph 263 below, the Attorney General of Malaysia has publicly stated that the account into which these USD$681 million payments were made belonged to Dato Sri Najib, the Prime Minister of Malaysia. It cannot be that the accounts and the sum of USD 681 belong to two different people.

Para 28 states “Malaysian Official 1 is a high-ranking official in the Malaysian Government who also held a position of authority with 1MDB.”

Para 29 “Riza Shahriz bin Abdul Aziz (“Aziz”), a Malaysian national, is a relative of Malaysian Official 1 and a friend of LOW. He co-founded Red Granite Pictures, a Hollywood movie production and distribution studio, in 2010.”

In Para 39 Malaysian Official 1 assumed a position of authority with 1MDB etc etc.

5. I don’t know why the US officials writing the report are being coy about giving the real name of Malaysian Official 1 when they are happy to write down the names of the other culprits; namely Riza Aziz, Jho Low and Khadim Abdullah. If it is because this is not at the stage of making criminal charges, then no names should be named.

6. Now Najib and his goons are saying that Najib is not involved as his name is not mentioned. Najib himself is saying, “Allow legal process to take its course for those named by US DOJ.” Clearly he did not consider the legal process would include investigation regarding his role in stealing the money belonging to 1MDB.

7. Yet the references to Malaysian Official 1 coincide with what is known and admitted by Najib were associated with him. This includes the reference to the $681 million in the Account of Malaysian Official 1, the reference to Malaysian Official 1 authority over the Government and 1MDB which coincides with Najib’s position as Minister of Finance and Adviser to the Board of 1MDB. And so it goes on with the other 30 or so descriptions of the authority and role of Malaysian Official 1 coinciding with those of Najib as Prime Minister, Minister of Finance of Malaysia and Adviser to the Board of 1MDB.

8. Despite detailed descriptions in the DOJ report on how 1MDB money had been shunted through various companies, including Good Star, a company belonging to Jho Low and banks in a number of countries and finally appearing in the account of Malaysian Official 1 in Ambank, the Attorney General insists that there is no proof that money from 1MDB was misused.

9. Under 11 on Para 14 of the DOJ report “The Good Star Phase: More than $1 billion is misappropriated from 1MDB.”

10.I n Para 40, the manner through which $1 billion of 1MDB money was invested in Petro Saudi is detailed.

11. Para 41 explained that Jho Low and his associates caused $700 million of the 1 billion meant to be invested in Petro Saudi, to be sent to an account at RBS Coutts Bank in Zurich held in the name of Good Star Ltd, a company owned by Jho Low.

12. Para 42 states that “between May and Oct 2011, approximately $330 million in additional funds were wired at the direction of 1MDB official to the Good Star account purportedly in connection with a financing agreements between 1MDB and 1MDB – Petro Saudi JV.

13. Perhaps the Malaysian A.G. can explain why 1MDB investments of $1 billion should go into the account of Good Star in RBS Coutts Bank in Zurich. Or is he going to deny that this happened? In that case he should show proofs that it did not happen. Merely saying it is not true is not enough. The A.G.’s words have no credibility at all. His claims that there is no evidence of Najib’s wrongdoing in all the reports submitted to him is about as credible as a crocodile shedding tears. AG’s claim that Najib gave back RM 2.3 billion of the RM2.6 billion given by the dead King of Saudi Arabia is just as incredible. No transfer documents and no receipts have been exhibited.

14. Stealing money is a crime. Merely seizing the stolen money does not nullify the crime. The only logical sequence to the seizures of stolen money is the criminal charge against the thieves. How is the DOJ of the USA going to charge the Malaysian Official 1 without naming him?

15. Malaysians’ want to regain their good name. They don’t want to be led by a leader suspected of kleptocracy of stealing billions of Government money. They cannot do anything themselves because Malaysia Official 1 controls the Attorney General and the police – the enforcement agencies. They cannot remove him through a vote of non-confidence as he controls a majority of the Members of Parliament through illegal measures.

16. Like it or not they have to rely on actions by foreign countries. If the US really believes in eradicating corruption and money laundering which involves their country, they should not be shy about naming names and letting due process to take place.

17. When the thief is in charge of the police and the prosecuting agency, only foreign intervention can bring about justice.

18. Cry my beloved country.

The 1Malaysia Development Berhad Saga - Part 2

The 1MDB Saga (Part 2)

1. 1MDB, presumably upon advice of the company’s adviser i.e. The Prime Minister bought Government land in Kuala Lumpur at RM 60/- psf in an area where land had been sold for as high as RM 7000/- psf. Najib who is also the Finance Minister should have sold the Government land at near market price. By selling it at RM 60/- psf, the Government lost a lot of money.

2. There is a clear case of conflict of interest when the Minister of Finance is also the adviser to 1MDB. If it was not Najib who approved this sale, then who did? The officer approving this sale should be charged with losing Government money.

3. This land was revalued upwards so that the asset of 1MDB increased to RM 50 billion Ringgit.

4. Similarly the Sungai Besi airport land was sold to 1MDB. The price is not known but effectively 1MDB already owned the land and have made preparations for moving the RMAF base to Subang. Revaluing this land would increase the asset of 1MDB. Again the Government lost a lot of money.

5. 1MDB then sold a portion of the land in Jalan Tun Razak to Tabung Haji at RM 3,500 psf. Thus a fund contributed by intending pilgrims was used to repay 1MDB loans. This is grossly unfair to the intending pilgrims, most of whom are poor.

6. Land was also bought in Penang for higher than market price. This land is occupied by nearly a thousand squatters. Besides Penang is ruled by the opposition party. It is unlikely that development plan for this land would be approved.

7. 1MDB stand to lose more money because of this purchase.

8. All of 1MDB other investments have yielded hardly any profit. 1MDB simply cannot repay the RM42 billion loans that it had taken. There is evidence of fraud and unexplained loss of money. Claims that the money has been properly invested and is giving profits cannot be verified. No documentary proofs can be found as to where huge sums of money are being kept.

9. The belief is that the 2.6 billion Ringgit in Najib’s private accounts is from 1MDB has not been properly and credibly refuted.

10. The fact that Najib has not sued Wall Street Journal for exposing many of the wrongs committed by 1MDB and Najib himself seems to prove that what the newspaper had reported is irrefutable. So is the failure to sue Sarawak Reports on 1MDB and Najib’s 681 millions USD in his private account.

11. This is only a part of the 1MDB story. There are more scandals involving the 1MDB than any other funds in Malaysian history. This is a part of the reason why Najib should cease to be the PM of Malaysia.

VERSI BM

Saga 1MDB - Bahagian 2

1. 1MDB, kemungkinan atas nasihat penasihat syarikat, iaitu Perdana Menteri telah membeli tanah Kerajaan di Kuala Lumpur pada harga RM60 setiap kaki persegi di kawasan mana tanah telah dijual pada harga mencecah RM7,000 setiap kaki persegi. Najib yang juga Menteri Kewangan sepatutnya menjual tanah Kerajaan pada harga hampir harga pasaran. Dengan menjual pada kadar RM60 setiap kaki persegi, Kerajaan telah kehilangan banyak wang.

2. Jelas terdapat konflik kepentingan apabila Menteri Kewangan adalah juga penasihat kepada 1MDB. Jika bukannya Najib yang meluluskan penjualan ini, maka siapakah yang melakukannya? Pegawai yang meluluskan penjualan ini harus didakwa atas kehilangan wang Kerajaan.

3. Tanah ini telah dinilai semula ke atas supaya nilai aset 1MDB meningkat menjadi RM50 bilion.

4. Begitu juga tanah lapangan terbang Sungai Besi telah dijual kepada 1MDB. Harga jualan tidak diketahui tetapi pada hakikatnya 1MDB sudah pun memiliki tanah ini dan telah membuat persiapan untuk memindah pangkalan TUDM ke Subang. Dengan menilai semula tanah ini nilai aset 1MDB akan sekali lagi meningkat. Sekali lagi Kerajaan kerugian banyak wang.

5. 1MDB kemudian menjual sebahagian daripada tanah di Jalan Tun Razak kepada Tabung Haji dengan harga RM 3,500 setiap kaki persegi. Ini bermakna dana yang disumbangkan oleh bakal jemaah Haji telah digunakan untuk membayar balik pinjaman 1MDB. Ini adalah tidak adil kepada bakal jemaah yang sebahagian besarnya terdiri daripada mereka yang miskin.

6. Tanah juga telah dibeli di Pulau Pinang dengan harga lebih tinggi daripada harga pasaran. Tanah ini diduduki oleh hampir seribu orang setinggan. Selain daripada itu Pulau Pinang diperintah oleh parti pembangkang. Tidak mungkin rancangan pembangunan untuk tanah ini akan diluluskan.

7. 1MDB menghadapi kemungkinan kehilangan lebih banyak wang kerana pembelian ini.

8. Semua pelaburan 1MDB yang lain hampir tidak menghasilkan sebarang keuntungan. 1MDB tidak boleh membayar balik RM42 bilion yang ia telah pinjam. Terdapat bukti penipuan dan kehilangan wang yang tidak dapat diterangkan. Dakwaan bahawa wang telah dilaburkan dengan sempurna dan akan memberi keuntungan tidak dapat disahkan. Tiada terdapat bukti dokumentari yang boleh menunjukkan di mana jumlah wang yang banyak itu disimpan.

9. Kepercayaan bahawa RM2.6 bilion dalam akaun peribadi Najib adalah dari 1MDB tidak disangkal dengan sempurna dan kebolehpercayaan.

10. Hakikat Najib tidak menyaman Wall Street Journal kerana mendedahkan banyak kesalahan yang dilakukan oleh 1MDB dan Najib sendiri seolah-olah membuktikan bahawa apa yang akhbar itu laporkan tidak dapat disangkal. Begitu juga kegagalan untuk mendakwa Sarawak Report mengenai 1MDB dan USD681 juta dalam akaun peribadi Najib.

11. Ini hanya sebahagian daripada cerita 1MDB. Terdapat lebih banyak skandal yang melibatkan 1MDB daripada mana-mana lain dana dalam sejarah Malaysia. Ini adalah sebahagian daripada sebab mengapa Najib perlu berhenti menjadi PM Malaysia.



The 1MDB Saga - Part 1