Najib implicated in funneling funds into personal a/c

[ins1dious]

Oh sorry I get what you mean now.

 

The accusations against my fren

 

is just one big joke.

 

I agree with you.

 

 

[Jamesc]

[ins1dious]

Haha that's why I frens with him and not An War.

 

An War he will be sodomising the relationship.

 

 

[Uncle2]

You all see?

 

My good fren is not even on the list.

 

He is clean and honest man.

 

As I have been saying all along

 

and you all disagree with me.

 

Clean and Honest? Cannot say! But sibei power lei!

 

Confirmed - Najib Demanded That Thailand Should Not Release Justo!

• 17 September 2016
•  
• 40 comments

Najib has dangled projects like a high speed train in Thailand – but in return demanded extradition of key 1MDB witness Xavier Justo

Switzerland’s Le Temps newspaperhas today cited Swiss official sources as confirming that Malaysia’s Najib Razak took the opportunity of his official visit to Thailand and key talks on border cooperation, in order to personally interfere in the case of Swiss national Xavier Justo.

Justo is a key witness in the 1MDB scandal, which has now directly implicated Razak in stealing billions from Malaysia’s development fund and diverting much of the money into his own personal bank accounts in KL.

The US Department of Justice has traced much of the rest of the stolen cash to key co-conspirators, in particular Najib’s proxy in 1MDB, Jho Low, and also his stepson Riza Aziz, who bought multi-million dollar properties and funded the film Wolf of Wall Street with the money.

Jho Low, who was named in the DOJ indictment and has remained a fugitive from Malaysia for at least a year, also attended the talks in Thailand, according to Le Temps.

Political Prisoner

Malaysian fugitive Jho Low joined Rosmah and Najib in Thailand – he is believed to have established a base in Bangkok

The news confirms that Najib is seeking to make this witness against him into a political prisoner in a third country.  It is also plain he is prepared to use the Malaysian national interest in cross border negotiations as a bargaining chip to get his way.

Thailand is desperate to build a wall between the two territories to counter terrorists and is also interested in a high-speed rail link to Singapore.  It has now been learnt that Najib had sought as part of any deal to force the Thais to extradite Justo on spurious legal grounds to Malaysia!

The gambit was made by the Malaysian Prime Minister at a top level meeting with the Thai Premier, but was apparently rejected, not least on the grounds that the Swiss and also American authorities have been pressing for Justo to be allowed to serve the remainder of his controversial sentence back home in Switzerland.

Under the well established terms of bi-lateral agreements on prisoner transfers between the two countries, Justo should by now already have been released by the Thais in any case. Private assurances have been given to the Swiss that the transfer would take place before the middle of the month.

However, the thwarted Najib is understood to have demanded that if he could not lay hands on Justo then the Thais must at least prevent the Swiss recovering their national either!  Yesterday, he appeared to have achieved his end as the Thai authorities signalled to the Swiss that under amended rules they considered him no longer eligible for release (his remaining sentence now being less than a year).

Diplomatic showdown!

Didier Burkhalter, the Swiss Foreign Minister said to be mulling an unprecedented visit to Bangkok to demand the return of their political prisoner!

The U-turn is believed to have caused consternation and fury in Berne, where the Swiss Government plainly now regard their national as being held as a political prisoner for criminal reasons.

The case against Justo has now been exposed as highly flawed, in that he was forced into a confession by his accusers from the company PetroSaudi, who are highly implicated in the 1MDB case and who were allowed undue interference in the case.

Both the Swiss and the Thai authorities, who were previously led to believe that Justo had attempted to extort money and was involved in forging data, now realise that his disclosures were correct and have provided vital evidence exposing major thefts from the Malaysian public purse.

According to Le Temps, if Justo remains a victim of Malaysia’s cover-up, his Swiss lawyers have made clear that there will be open protests at the highest level. The Swiss Foreign Minister has himself indicated that he is willing to fly personally to Bangkok on an unprecedented mission to demand the return of their national, say sources of Le Temps.

Such a move would undoubtedly provoke world headlines and be bad news for Thailand’s reputation as a safe tourism destination. It would also damage the long-standing relationship with the Thai King’s favourite European country.

But, it is clear that on this issue the Swiss, together with the Americans, are serious.

Planned extradition to Malayia?

What Najib had planned to gain by extradition can only be surmised.

Judging by Malaysia’s past treatment of prisoners with evidence against Najib, showcase apologies are likely to have been extracted in the run-up to the next election. Doubtless also, Justo would be tried under the panoply of new ‘anti-terror’ laws and the legislation against ‘activities detrimental to parliamentary democracy’ (eg embarrassing the Prime Minister) which can allow imprisonment for 20 years.

The Swiss are plainly deeply anxious that Najib will continue to attempt to extract this witness against him from neighbouring Thailand, in a case that looks set to pitch western democracies and legal systems up against Najib’s now arbitrary government in Malaysia.

Read a translation of the Le Temps article below:

Thailand refuses to hand over to Switzerland the number one witness in the 1MDB scandal:

During an official visit to Bangkok the Malaysian Head of State Najib Razak cut short the transfer procedure of Xavier Justo, the Genevois responsible for triggering the theft of the century case in  Southeast Asia. It has forced all hands to a diplomatic battle within the Swiss authorities

Xavier Justo, the star witness in a case of misappropriation of Malaysian public money, was on the verge of getting his transfer from the Asian prison to Switzerland. Thai authorities have finally decided to keep him in his cell in Bangkok. Reason given: the Genevan has no more than a year to serve.

“My reading of this decision is that it derives more from political rather than legal considerations. I thank the Swiss authorities still have avoided the worst, “says Christian Lüscher, Xavier Justo’s lawyer. The worst? According to our information, it appears that Thailand yielded to Swiss pressure not to deliver the Genevan prisoner to Malaysia, where his life was endangered. But not to lose face with its main regional partner, Bangkok would in return reject his request for transfer to Switzerland.

Special Task Force:

The green light for the transfer of Xavier Justo, by virtue of a bilateral agreement existing between Switzerland and Thailand, was due on 31 August. The deadline was extended by two weeks. Finally the verdict did not arrive until Friday. Was that owing to it being the day after the departure of Prime Minister Najib Razak after the official visit to Bangkok or coincidence? Our sources indicate that the strong man of Kuala Lumpur was accompanied by Jho Low, a central character in this vast matter of alleged corruption and whose identity appears in particular in the investigation of the US court documents.

According to our information, Berne is ready to send out the big guns, diplomatically speaking, to attempt to gain reason from Thailand. It would notably include sending Foreign Minister Didier Burkhalter personally over to Bangkok.

Sentence reduced by half:

Xavier Justo had drawn from the server of the company PetroSaudi compromising data related to the financial scandal of the Malaysian fund 1MDB, which he delivered to the press. He was sentenced to three years in civilian prison for having, according to Thai justice, tried to blackmail his former employer. The former Director of the multinational company in Geneva had received, after his transfer request, a halving of his sentence for good behavior (royal pardon).

For her part, Laura Justo, who gave up everything to Thailand to seek refuge in Switzerland, claims innocence on behalf of her husband. She accuses PetroSaudi of extorting false confessions from her husband and to have threatened retaliation against her if she spoke out about it.

 

http://www.sarawakreport.org/2016/09/confirmed-najib-demanded-that-thailand-should-not-release-justo/

[Wt_know]

jho low living the high life in yolo ftw !!!

Edited September 28, 2016 by Wt_know

[Bacteria83]

James is really a gd friend, didnt get a dim but super supportive

[Jamesc]

James is really a gd friend, didnt get a dim but super supportive

 

True friendship is not based on money.

 

If people only like you if you have money

 

then if the money is gone the friends are gone faster.

 

[Wt_know]

that's how you can made $800M ... PONZI !

Edited October 6, 2016 by Wt_know

[Picnic06-Biante15]

that's how you can made $800M ... PONZI !

 

Sorry, I thought I read it as PORNZI returns of $800 million ...

 

I don't think Jap AV companies make that much money in PORNZI ..

[Showster]

Anyway, their names are interesting indeed.

 

One is confirmed 坐牢 (Jho Low) but somehow bo dai ji, the other called Just-to-Save-Ya (Justo Xavier) but he who cannot be saved.

Edited October 6, 2016 by Showster

[Ahbengdriver]

Its ok.  Lets move on.  Don't raise VEP/RC.

[Uncle2]

http://www.sarawakreport.org/2016/10/bags-of-cash-src-chairman-tasked-with-making-urgent-cash-deposits-of-millions-of-ringgit-into-najib-accounts-exclusive/

 

BAGS OF CASH! - SRC Chairman Tasked With Making 'Urgent Cash Deposits' Of Millions Of Ringgit Into Najib Accounts EXCLUSIVE

• 8 October 2016
•  
• 22 comments

Following the allegation by the Swiss Attorney General that US$800 million was stolen from the 1MDB subsidiary SRC International, Sarawak Report can reveal details of multi-million ringgit cash deposits made by the Chief Executive of that fund into bank accounts held in the name of Prime Minister Najib Razak.

Bank statements made available to Sarawak Report show that at least five separate cash deposits were made into two of Najib’s AmBank accounts in KL, totalling RM3.4 million between 2nd February and 3rd March 2015. The sum represents 34 times his official salary of RM100,000 per month.

First deposits in February to acc no XXX880 – total RM2.1 million

According to the statements these accounts were held in the name of Najib Razak, but managed by none other than SRC’s CEO, Nik Faisal Arif Kamil, to whom the statements were addressed

Nik Faisal, who was a long-standing business associate of the tycoon at the centre of the 1MDB scandal, Jho Low, was employed at the same time as Chief Executive of the much criticised SRC, which had been set up as a subsidiary of 1MDB. Prior to that he had acted as Investment Manager for 1MDB, while simultaneously acting as Investment Manager for the company UBG, at the time when Jho Low secretly deployed 1MDB money to buy out his own shareholding in 2010.

In 2011 SRC was financed by a RM3.81 billion loan from the public pension fund KWAP and Nik Faisal was deployed to be in charge. However SRC has never produced a single audit to explain where that money went.

On Wednesday, the Swiss AG, who together with Singapore’s Commercial Affairs Department has investigated the now closed Singapore branch of BSI Bank, where SRC held its accounts, confirmed the bulk of the money (a staggering $800 million) was misappropriated.

Second cash deposit of RM300,000 in February to Acc No xxx906

Pensioners who have invested their savings in KWAP are entitled to ask why the man who was officially in charge of investing their money through SRC was also privately managing the Prime Minister’s own accounts?

In January, after Malaysia’s own Anti-Corruption Commission investigators provided evidence that a total of at least RM57 million had passed from SRC into three of these private accounts managed by Nik Faisal for the Prime Minister,  Malaysia’s own Attorney General, Mohammed Apandi, ruled there was no case to answer.

Najib had claimed he did not know where the money had arrived from and had assumed it was part of a claimed Saudi donation. He has not paid the money back and credit card and bank statements indicate that the bulk was spent on luxury goods as well as cheques written out to as yet unnamed recipients.

Two more cash deposits of over 1 million ringgit into acc no xxxx906 in March

Cash Deposits

However, mystery continues to surround the multi-million ringgit ‘Urgent Cash Deposits’, which were separately paid into the same bank accounts – and therefore not directly traceable to SRC:

“It means the cash was carried physically into the bank – that is a heck of a lot notes to stuff in a bag then lug up to a till to be counted” 

one banker commented to Sarawak Report.

Correspondence obtained by investigators shows that once again it was SRC Chief Nik Faisal Arif Kamil who was responsible for handling the cash deposits.

A letter dated 20th January 2014 shows that, as the “Authorised Person” managing Najib’s accounts, Nik Faisal appointed a deputy to make ‘urgent cash deposits’ while he was absent abroad.

As the “Authorised Person” managing Najib’s accounts Nik Faisal appointed a deputy in January 2014 to make ‘urgent cash deposits’ while he was absent abroad.

These deposits, according to the letter signed by the SRC Chief Executive, should be utilised, amongst other things, for the clearance of urgent cheques as per his instruction.

Documents show that the following cash deposits were made into Najib Razak’s AmBank account numbers 2112022011880 and 2112022011906 during the month of Feb till early March 2015:
– 04/02/15*   RM   600,000   (Jalan Raja Branch)
– 05./02/15    RM 1,500,000                  ”
– 06/02/15     RM   300,000  (Jalan Raja Branch)
– 03/03/15     RM   300,000                   ”
– 04/03/15     RM   700,000                   ”

On these occasions the money was all carried in to the Jalan Raja Branch of AmBank, in what would appear to have needed very large suitcases, particularly in the case where RM1,5 million was banked in a single day.

Given that this snapshot of one month’s payments took place a full year after Nik Faisal Arif Kamil wrote to the bank referring to his need to make cash deposits of this nature, it can only be assumed that the RM3.4 million paid into Najib’s accounts in February 2015 were part of an established pattern of similar gross cash injections.

How the Prime Minister was able to acquire such enormous sums of cash outside of his normal official duties has remained unanswered, nor whether any of this money (Najib is also Finance Minister) was subject to tax.

Heavy bags – 10,000 notes for every million ringgit makes a lot to carry into the bank

Sarawak Report has already revealed a similar pattern of huge cash payments into the bank accounts of Najib’s wife, Rosmah Mansour.

These payments were banked by one of herpersonal bodyguards,

Members of Najib’s own family have gone on public record to reject certain claims by prime ministerial spokesmen that his ostentatious spending was funded by inheritance. So the question remains as to what the source of these astonishing cash deposits can possibly be?

Although Nik Faisal Arif Kamil has not been seen at his desk for over a year at SRC, he ostensibly remains in post and the fund ostensibly remains in business, having been removed as a subsidiary of 1MDB and placed directly under Najib’s Finance Ministry.

However, the inaction of the fund and its Chief Executive appears now explained, given the Swiss Prosecutor’s allegations that the money has all now been misappropriated and so little remains to be invested. Those “harmed” ie pensioners in KWAP have been invited by the Swiss to register their interest in the Swiss courts.

The authorities in Malaysia ought surely to have tough questions for Nik Faisal as to why having taken up his post at a supposedly independent public fund he subsequently set up three bank accounts in the Prime Ministers name, which he managed on his behalf.

And, moreover, why he then transferred millions of ringgit from SRC into those very same accounts, which were then spent on private luxuries by Najib Razak?

Might they also care to investigate information from official sources that Nik Faisal’s friend and colleague, 1MDB advisor Jho Low, was known to regularly import bags of solid cash, using privileged customs channels, on arrival from Singapore to KL?

Particularly so, given that when further money was siphoned in December 2014 from SRC that money was transferred through none other than the construction company Putrajaya Purdana Sdn Bhd, which is also linked toJho Low?

Money went from SRC via Putrajaya Purdana Contruction and on to Najib’s private accounts

Putrajaya Purdana, formerly owned by the Taib family and Jho Low, was allegedly bought out by PetroSaudi in 2010, although it is now established the money came from 1MDB and Jho Low controlled the purchasing entity Javace Sdn Bhd.  It was then sold on again at a shocking discount to Cendana Destini, which in 2012 offloaded 30% of its shares to the public pilgrimage fund, Tabung Haji.

The Swiss AG on Wednesday announced they have yet to receive cooperation regarding SRC’s foreign transactions from Malaysia’s AG, just as the MACC have likewise complained he refused to cooperate on the matter of the SRC money transferred to Najib.

So, little surprise there has been inaction also over this separate matter of all these bags of cash.

*This has been corrected from an earlier error, which wrongly placed the date as 2014

[Jamesc]

  1.THE EUROPEAN MEN:_

They have 1 wife and 1 girlfriend but they love their wife most.

 

 

2. THE AMERICAN MEN:

They have 1 wife and 1 girlfriend but they love their girlfriend the most.

 

 

3. THE INDIAN MEN:

They have 1 wife and 4 girlfriends but they love their mother the most.

 

 

4. THE ARAB MEN:

They have 4 wives and 1 Girlfriend. But they love their Maid the most.

 

 

5. THE CHINAMEN:

They have 1 wife and several mistresses but love their money the most.

 

 

6. THE UMNO MEN:

They have 1 official wife, 1 second wife and 2 other secret wife they wed in Thailand, but they love the Prime Minister the most.

 

[Uncle2]

 

  1.THE EUROPEAN MEN:_

They have 1 wife and 1 girlfriend but they love their wife most.

 

 

2. THE AMERICAN MEN:

They have 1 wife and 1 girlfriend but they love their girlfriend the most.

 

 

3. THE INDIAN MEN:

They have 1 wife and 4 girlfriends but they love their mother the most.

 

 

4. THE ARAB MEN:

They have 4 wives and 1 Girlfriend. But they love their Maid the most.

 

 

5. THE CHINAMEN:

They have 1 wife and several mistresses but love their money the most.

 

 

6. THE UMNO MEN:

They have 1 official wife, 1 second wife and 2 other secret wife they wed in Thailand, but they love the Prime Minister the most.

 

 

Najib: Gov't manages financial position in responsible, prudent manner

 

Read more: https://www.malaysiakini.com/news/358580#ixzz4MgJVkmnB

 

I'm sure you believed him like UMNO members.

  

Prime Minister Najib Abdul Razak said the government wants to extend as much assistance and benefits to the people in the 2017 Budget but at the same time manages Malaysia's financial position in a responsible and prudent manner.

 

He said the government needed to be creative in overcoming the constraints it faced to enable it to continue helping the people.

 

"There are so many things that we need to do but one have to realise that it has to be in the context of our affordability and also that we need to rein in or at least manage our debt and fiscal deficit in a prudent way," he told the Malaysian media in Bangkok today.

He was met after attending the Second Asia Cooperation Dialogue (ACD) Summit at the Foreign Ministry here, which was opened by Thai Prime Minister Gen Prayut Chan-o-cha.

The country, reminded Najib, was faced with a scenario of low commodity prices across the board while some of the recovery in the developed countries had not been strong enough.

- Bernama

 

Read more: https://www.malaysiakini.com/news/358580#ixzz4MgIMP9fF

[Ysc3]

DBS and UBS kenah fined ...

 

some weird Falcon Bank told to pack up.

 

Now SCB is in the spotlight !!

[Wt_know]

spore financial system ....

 

 

DBS and UBS kenah fined ...

some weird Falcon Bank told to pack up.

Now SCB is in the spotlight !!

 

[Picnic06-Biante15]

spore financial system ....

 

 

Need plenty of bleach to clean up...   

[Kusje]

 

 

Bank probes signal MAS’ zero tolerance for financial breaches: Experts SINGAPORE: Singapore's drastic move to shutter yet another Swiss bank’s operations in the city-state underscores its willingness to take swift and tough actions against money laundering, industry watchers and lawyers told Channel NewsAsia.

On Tuesday (Oct 11), the Falcon Private Bank became the second casualty of an ongoing probe on fund flows linked to Malaysia’s 1MDB, after the Monetary Authority of Singapore (MAS) ordered the bank’s Singapore branch to stop operations for serious failures in anti-money laundering (AML) controls. This comes five months after Swiss private bank BSI’s local unit was shuttered for similar reasons, marking the first shutdown of a merchant bank in 32 years.

The central bank on Tuesday also slapped fines of S$1 million and S$1.3 million on DBS and UBS, respectively, for breaches of similar AML requirements.

 

Sure or not. If they really have zero tolerance, why just fine DBS and UBS 1 mil? Close them down