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Najib implicated in funneling funds into personal a/c

Vega

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Maxus-MIFA9

Maxus-MIFA9

Supersonic

Need rocket scientist [scholar]  to understands the actual links in all these PJS BVI IPIC Aabar & Abu Dhabi   :a-confused:   

I am lost totally  :a-whiteflag:

 

Simple ....

 

Any dealing with MY, both companies not related (Aabar & Abu Dhabi) ... :yuush:

 

But come to any other countries, they are abang adek ... :XD:  :XD:

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Vratenza

Vratenza

Supersonic

Abu Dhai don't friend Najib liao!

 

http://www.sarawakreport.org/2016/04/deadly-development-in-abu-dhabi-for-najib/

 

Deadly Development In Abu Dhabi For Najib

 

The [Abu Dhabi] sovereign wealth fund Aabar/IPIC, to which a staggering US$3.51 billion dollars was allegedly sent in 2012, under the guise of fulfilling ‘state to state’ obligations (relating to a US$3.51 billion loan), has denied in a formal statement that it ever received any such money.

 

This vast sum, guaranteed by the Malaysian taxpayer, was sent to a completely different entity, IPIC has today confirmed to the London Stock Exchange. Aabar Investments PJS Limited (BVI) has no relationship to its own subsidiary Aabar Investments PJS in Abu Dhabi.

 

Reproduce it here for ease of reading. Very damning. Seem like 1MDB is now claiming that they had been deceived by the former top executives from IPIC to deal with a privately set up BVI company with the same name.

 

 

 

Deadly Development In Abu Dhabi For Najib

One wonders how the BN controlled media will report this latest development in Abu Dhabi?

“Emirates confirm 1MDB did nothing wrong”?  Or, perhaps, “Najib cleared by Abu Dhabi”!

Because, today’s clear announcement by the normally taciturn Arab state has nailed the lies from 1MDB and all its hierarchy of bosses from Najib down.

The sovereign wealth fund Aabar/IPIC, to which a staggering US$3.51 billion dollars was allegedly sent in 2012, under the guise of fulfilling ‘state to state’ obligations (relating to a smaller US$3.5 billion loan), has denied in a formal statement that it ever received any such money.

This vast sum, guaranteed by the Malaysian taxpayer, was sent to a completely different entity, IPIC has today confirmed to the London Stock Exchange. Aabar Investments PJS Limited (BVI) has no relationship to its own subsidiary Aabar Investments PJS in Abu Dhabi.

So, why do we think that 1MDB Chief Executive Arul Kanda has spent months refusing to provide the company’s foreign bank statements to the Auditor General and Parliamentary Accounts Committee?  And why do we think that Najib’s hand-picked new Attorney General has been refusing permission to Malaysian investigators to make enquiries abroad about the 1MDB money trail?

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IPIC has removed the last avenue of excuse for 1MDB’s lying bosses about where the money went

Hunt for scapegoats begins

1MDB’s executives have plainly decided to start blaming rather than owning up. They immediately issued their own press release insinuating that somehow it is the Abu Dhabi wealth fund which is lying and at fault!

“1MDB finds it curious that IPIC and Aabar have waited until April 2016 to issue such a statement.

1MDB company records show documentary evidence of the ownership of Aabar BVI and of each payment made, pursuant to various legal agreements that were negotiated with Khadem Al Qubaisi in his capacity as Managing Director of IPIC & Chairman of Aabar and/or with Mohamed Badawy Al Husseiny, in his capacity as CEO of Aabar. It is, therefore, a surprising claim that neither IPIC nor Aabar have knowledge of, nor have benefited from, payments made by 1MDB to Aabar BVI. [

Wow! Full marks for sheer brass neck.  So 1MDB has now suddenly admitted it has ‘documents’ for the Aabar BVI company after all, even though it had refused to produce them to the PAC or Auditor General.

If these are not genuine, the statement insinuates that the named former Chairmen and CEO are to blame, because 1MDB conducted its ‘legal agreements’ with them.

188af0a3f5953fae27db6a7dcb13ec737246d8a2

Al Husseiny (left) and Khadem (2nd left) once heroes from Abu Dhabi, now the villains of the piece, according to 1MDB?

So, that’s OK then – Najib has been ‘cleared’ and the cheats were Khadem and Al Husseiny, who took more money than 1MDB borrowed from these loans deals, without the 1MDB boss turning a hair.

It is, of course, an obvious target for 1MDB to blame these two former executives of Aabar/IPIC.  Both have now been sacked and detained by the Emirate authorities, with an extradition request pending over Al Husseiny, an American citizen, from the United States.

So, put all the blame on them.  If things get trickier then there is always ex-1MDB boss Sirul Halmi (excuse typo) still a sitting duck in KL, who can be blamed for allowing it all to happen.

It is, of course, a desperate ploy from 1MDB, who in taking this tactic will have finally severed all good will with the Abu Dhabi fund, which is due next month to recoup a US$3 billion bail out extended by Al Husseiny to 1MDB last year – in one of his last actions before he was sacked.

There will be little chance of further assistance now that Najib has well and truly lost all his friends in Abu Dhabi.  And what must their neighbours in Saudi Arabia also be thinking, given the similar set of claims 1MDB made over PetroSaudi?

Why Najib can’t escape

The ultimate problem is that all this lying and abuse of power in Malaysia, which is based on a local misconception that Najib is ‘all-powerful’ and ‘untouchable’, cannot cover up the international money trail, which has started to emerge.

375d63ca4dee2806ea407c0c9e19b5123a7058c4

The money trail from Aabar Investments PJS Limited to Najib’s step-son Riza Aziz at Red Granite

Aabar /IPIC did not own Aabar Investments PJS Limited, but as 1MDB have effectively confirmed, this company was set up by its Chairman Khadem Al Qubaisi and CEO Mohamed Al Husseiny in the BVI.

Sarawak Report has published evidence of enormous backhanders paid to Khadem from 1MDB related entities, linked to Jho Low…. for what, one might ask?

Well, one of the payments received through this BVI Aabar Investments PJS Limited company was a whopping US$150 million to Red Granite Capital, according to the Wall Street Journal, who have been snooping round Hollywood.

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Riza, partner Joey McFarland and Joe Low

Riza had himself promoted an announcement by Al Husseiny back in 2014 claiming he personally had funded Red Granite Films, including Wolf of Wall Street.

Maybe at the time it had seemed a good idea, given that everyone was speculating about Jho Low, who had been originally promoted in Hollywood as the funder?  After all, Riza’s personal wealth manager Debra Johnson must have been anxious to provide an acceptable public source of all his financial backing, after she had been exposed as the wife of Red Granite lawyer Channing Johnson!

A year later, the connection with Al Husseiny no longer seems such a great thing to advertise – in fact, the conflict of interest was questionable from the start.

Leaving aside the whole original PetroSaudi scandal, Najib and his step-son (and Rosmah?) are now going to have to explain how hundreds of millions went from 1MDB to a bogus Aabar subsidiary and then straight on to their son’s Hollywood production company!

And, with the world’s global regulators now on the case, they can rest assured this is just the start.  We wish the BN media all the best as they set about spinning this one!

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Still2016

Still2016

Twincharged

1MDB (Malaysian equivalent of GLC), Najib, PM is the chairperson. Public critics had suggested former (1MDB) CEO ignored his board of directors because he is following instructions from someone more powerful. In Singapore,our sitting prime minister is the chairperson of our government-linked company (GLC). Are there similarities?

 

Common sense, suggest we need to refine our system. Hopefully, to improve governance our leaders will learn from our neighbour especially when we as a country do not have any natural resources and our sizeable reserves.

 

 

 

 

 

 

 

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Ender

Ender

Hypersonic
(edited)

Better don't compare our gahment  with another questionable gahemnt system. The last person who compare our cpf system  to kong hee and gang was asked to pay for damage.. just a reminder.

Edited by Ender
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Vratenza

Vratenza

Supersonic
A-G Chambers helping Swiss probe into 1MDB malaysia1mdb.jpgA construction worker talks on the phone in front of a 1Malaysia Development Berhad (1MDB) billboard. PHOTO: REUTERS
PUBLISHED
3 HOURS AGO
Economics Correspondent
 
 

Singapore's Attorney-General's Chambers (AGC) is assisting its Swiss counterpart with investigations into troubled Malaysian state investor 1Malaysia Development Berhad (1MDB).

In response to press queries, the AGC confirmed yesterday that it received a request for mutual legal assistance from the Office of the Attorney General of Switzerland (OAG), for information and documents on certain fund flows from 1MDB and entities related to it.

The AGC will "render all possible assistance... expeditiously", it said.

 

The AGC statement followed a statement issued by the Swiss authorities, which have extended a criminal probe to two former Emirati officials in charge of Abu Dhabi sovereign funds, on suspicion of embezzlement committed against Malaysia's 1MDB.

The Swiss authorities last August began investigations into 1MDB for suspected corruption of foreign public officials and money laundering.

 
 
 
 

The troubled state investor has been embroiled in a corruption scandal and is the subject of probes in at least seven countries. This segment of the Swiss investigations involves bonds issued by 1MDB subsidiaries to finance investments in electric power plants.

The 1MDB subsidiaries obtained a guarantee to repay these bonds from International Petroleum Investment Company, an Abu Dhabi sovereign wealth fund.

In return, the Malaysian fund was to make collateral and other payments to a subsidiary of the Abu Dhabi state fund. However, the Swiss authorities suspect that the amounts paid in connection with this guarantee were not returned to the Abu Dhabi sovereign fund. Instead, they were channelled to two public officials as well as a company related to the motion picture industry, the OAG said in its statement.

A former 1MDB entity, already indicted in Swiss proceedings, also allegedly benefited from the funds.

The Abu Dhabi sovereign fund has also said it did not receive the amounts paid in connection with the guarantee.

As part of these investigations, the OAG issued two requests for mutual legal assistance to Luxembourg and Singapore. "Given the international cooperation, the OAG is thus working to establish the facts," it said.

 

 

 

 

 

 

 

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Wt_know

Wt_know

Supersonic
(edited)

with the success of wolf of wall street

ahjib kor son can invest in another upcoming film ... huat ah!

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Blueray

Blueray

Hypersonic

 

Lawyer: PM’s signature on 1MDB documents a formality, doesn’t mean he decides or knows all

KUALA LUMPUR, April 13 — Prime Minister Datuk Seri Najib Razak’s signature on 1Malaysia Development Berhad (1MDB) documents was merely to meet corporate governance requirements, his lawyer Datuk Mohd Hafarizam Harun said today.

Mohd Hafarizam said the signing of the documents do not necessarily mean that the prime minister has knowledge of or makes the decisions on 1MDB matters.

https://sg.news.yahoo.com/lawyer-pm-signature-1mdb-documents-formality-doesn-t-101000827.html

[thumbsup]  [thumbsup]  [thumbsup]

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Wt_know

Wt_know

Supersonic
(edited)

the 50B question is who is the fraudster of the fraudster and mastermind hide behind panama? [sly]

 

1MDB could be a victim of fraud: CEO

 

KUALA LUMPUR: The CEO of scandal-plagued 1Malaysia Development Berhad (1MDB) on Wednesday (Apr 13) said latest revelations on the Malaysia state investment fund indicate it could be a victim of fraud.

 

http://www.channelnewsasia.com/news/business/1mdb-could-be-a-victim-of/2692414.html

 

 


ok la ... we don't want to create a blame culture

so from now on ... whoever sign on what document is just a "formality"

he or she got ZERO liability ie: total clueless on whatever decision ... lol

 

Lawyer: PM’s signature on 1MDB documents a formality, doesn’t mean he decides or knows all

[thumbsup]  [thumbsup]  [thumbsup]

 

 

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Maxus-MIFA9

Maxus-MIFA9

Supersonic

Lawyer: PM’s signature on 1MDB documents a formality, doesn’t mean he decides or knows all

KUALA LUMPUR, April 13 — Prime Minister Datuk Seri Najib Razak’s signature on 1Malaysia Development Berhad (1MDB) documents was merely to meet corporate governance requirements, his lawyer Datuk Mohd Hafarizam Harun said today.

Mohd Hafarizam said the signing of the documents do not necessarily mean that the prime minister has knowledge of or makes the decisions on 1MDB matters.

https://sg.news.yahoo.com/lawyer-pm-signature-1mdb-documents-formality-doesn-t-101000827.html

[thumbsup]  [thumbsup]  [thumbsup]

 

 

Wahhhhhhhhhh......................... like that also can arrrrrrrrrr.......... :slow:

 

A Head of the Country and a Finance Minister signing papers without knowing what is he signing for ... [thumbsup]

 

Win Leow Lor ... :a-happy:

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Kklim

Kklim

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Lawyer: PM’s signature on 1MDB documents a formality, doesn’t mean he decides or knows all

KUALA LUMPUR, April 13 — Prime Minister Datuk Seri Najib Razak’s signature on 1Malaysia Development Berhad (1MDB) documents was merely to meet corporate governance requirements, his lawyer Datuk Mohd Hafarizam Harun said today.

Mohd Hafarizam said the signing of the documents do not necessarily mean that the prime minister has knowledge of or makes the decisions on 1MDB matters.

https://sg.news.yahoo.com/lawyer-pm-signature-1mdb-documents-formality-doesn-t-101000827.html

[thumbsup]  [thumbsup]  [thumbsup]

 

 

Someone please post on Ah Loong's Facebook. He and Najib signing the agreement for high-speed rail soon, Sekali Malaysia run out of money midway and they say agreement tak pakai!

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Wt_know

Wt_know

Supersonic
(edited)

prata can be flipped up or down ... including sideway ... [sly]

the water agreement already so sticky ...

sekali spore invested billions for 30 years agreement

msia suka suka chut pattern more than badminton

that train must stop 1/2 way and kena TEP ... train entry permit ... muahahahaha

 

Someone please post on Ah Loong's Facebook. He and Najib signing the agreement for high-speed rail soon, Sekali Malaysia run out of money midway and they say agreement tak pakai!

 

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Wt_know

Wt_know

Supersonic
(edited)

i suspect ahjib kor made a fortune from google ads ... jin jui news on ahjib kor ... lol

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Ender

Ender

Hypersonic

Ah jib is innocent.. Saudi confirm it's a donation.

 

https://www.todayonline.com/world/asia/saudi-foreign-minister-confirms-nations-donation-najib

 

KUALA LUMPUR — Saudi Arabia’s Foreign Minister Adel Al-Jubeir admitted that his country had donated money to Malaysian Prime Minister Najib Razak, reported Bernama.

“We are aware of the donation and it is a genuine donation with nothing expected in return. We are also fully aware that the Attorney General of Malaysia has thoroughly investigated the matter and found no wrongdoing," he was quoted as saying on Thursday (April 14), after a bilateral meeting with Mr Najib on the sidelines of the 13th Summit of the Organisation of Islamic Cooperation in Istanbul.

 

As far as Saudi Arabia is concerned, the "matter is closed", the Malaysian national news agency quoted him saying.

Since last year, Mr Najib has been fending off allegations he was a beneficiary of 1MDB’s funds after about RM2.6 billion (S$910.2 million) was deposited into his personal bank account just before the 2013 General Election. Local investigators and the Malaysian Attorney-General later said the transfer was a gift from Saudi Arabia’s royal family and that most of it was returned.

But in a New York Times interview published in February this year, Mr al-Jubeir said he did not think that the RM2.6 billion that flowed into Prime Minister Najib’s bank account was from the Saudi government or that it was a political donation.

“It is a private Saudi citizen, I believe, and the funds went to an investment in Malaysia,” he said back then.

In February, Malaysia's Attorney-General Mohamed Apandi Ali told Sin Chew News that it was a son of the late King Abdullah Abdulaziz Al Saud who donated the RM2.6 billion sum to Mr Najib. Mr Apandi however did not disclose the identity of the donor. WITH AGENCIES

 

 

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Wt_know

Wt_know

Supersonic
(edited)

hmm ... donation can masuk own pocket?

can delete the word corruption liao because everything can be classified as donation ...

Edited by Wt_know
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