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  1. Respect. someone really dare to check their PM's personal bank account! http://www.wsj.com/articles/SB10130211234592774869404581083700187014570 Prime Minister Najib’s bank accounts are scrutinized in probe of investment fund 1MDB. By Tom Wright And Simon Clark July 2, 2015 4:42 p.m. ET KUALA LUMPUR, Malaysia—Malaysian investigators scrutinizing a controversial government investment fund have traced nearly $700 million of deposits into what investigators believe are the personal bank accounts of Malaysia’s prime minister, Najib Razak, according to documents from a government probe. The investigation documents mark the first time Mr. Najib has been directly connected to the probes into state investment fund 1Malaysia Development Bhd., or 1MDB. Mr. Najib, who founded 1MDB and heads its board of advisors, has been under growing political pressure over the fund, which amassed $11 billion in debt it is struggling to repay. The government probe documents what investigators believe to be the movement of cash among government agencies, banks and companies linked to 1MDB before it ended up in Mr. Najib’s personal accounts. Documents reviewed by The Wall Street Journal include bank transfer forms and flow charts put together by government investigators that reflect their understanding of the path of the cash. The original source of the money is unclear and the government investigation doesn’t detail what happened to the money that went into Mr. Najib’s personal accounts. Advertisement “The prime minister has not taken any funds for personal use,” said a Malaysian government spokesman. “The prime minister’s political opponents, unwilling to accept his record or the facts, continue to try to undermine him with baseless smears and rumours for pure political gain.” Mr. Najib has previously denied wrongdoing in relation to 1MDB and has urged critics to wait for the conclusion of four official investigations that are ongoing into 1MDB’s activities. Investigators have identified five separate deposits into Mr. Najib’s accounts that came from two sources, according to the documents viewed by the Journal. By far the largest transactions were two deposits of $620 million and $61 million in March 2013, during a heated election campaign in Malaysia, the documents show. The cash came from a company registered in the British Virgin Islands via a Swiss bank owned by an Abu Dhabi state fund. The fund, International Petroleum Investment Co., or IPIC, has guaranteed billions of dollars of 1MDB’s bonds and in May injected $1 billion in capital into the fund to help meet looming debt repayments. A spokeswoman for IPIC couldn’t be reached for comment. The British Virgin Islands company, Tanore Finance Corp., couldn’t be reached. ENLARGE Another set of transfers, totaling 42 million ringgit ($11.1 million), originated within the Malaysian government, according to the investigation. Investigators believe the money came from an entity known as SRC International Sdn. Bhd., an energy company that originally was controlled by 1MDB but was transferred to the Finance Ministry in 2012. Mr. Najib is also the finance minister. The money moved through another company owned by SRC International and then to a company that works exclusively for 1MDB, and finally to Mr. Najib’s personal accounts in three separate deposits, the government documents show. Nik Faisal Ariff Kamil, a director of SRC International, declined to comment. Mr. Kamil had power of attorney over Mr. Najib’s accounts, according to documents that were part of the government investigation. A 1MDB spokesman said, referring to the transfers into Mr. Najib’s account: “1MDB is not aware of any such transactions, nor has it seen any documents to this effect.” The spokesman cautioned that doctored documents have been used in the past to discredit 1MDB and the government. For months, concerns about 1MDB’s debt and lack of transparency have dominated political discussion in Malaysia, a close ally of the U.S. and a counterweight to China in Southeast Asia. When he founded 1MDB in 2009, Mr. Najib promised it would kick-start new industries and turn Kuala Lumpur into a global financial center. Instead, the fund bought power plants overseas and invested in energy joint ventures that failed to get off the ground. The fund this year has rescheduled debt payments. The Journal last month detailed how 1MDB had been used to indirectly help Mr. Najib’s election campaign in 2013. The fund appeared to overpay for a power plant from a Malaysian company. The company then donated money to a Najib-linked charity that made donations, including to local schools, which Mr. Najib was able to tout as he campaigned. “We only acquire assets when we are convinced that they represent long-term value, and to suggest that any of our acquisitions were driven by political considerations is simply false,” 1MDB said last month. The four probes into 1MDB are being conducted by the nation’s central bank, a parliamentary committee, the auditor general and police. A spokeswoman for Bank Negara Malaysia, the central bank, declined to comment. Malaysia’s police chief and a member of the parliamentary committee also had no comment. The auditor general said this week it had completed an interim report on 1MDB’s accounts and would hand it to the parliament on July 9. The prime minister is facing increasing pressure over 1MDB. The country’s longest-serving prime minister, Mahathir Mohamad, who left office in 2003, publicly has urged Mr. Najib to resign. This week, Malaysia’s home minister threatened to withdraw publishing licenses from a local media group, citing what he said were inaccurate reports on 1MDB. The $11.1 million of transfers to Mr. Najib’s bank account occurred at the end of 2014 and the beginning of 2015, according to the government investigation. Among the companies that investigators say it passed through was Ihsan Perdana Sdn. Bhd., which provides corporate social responsibility programs for 1MDB’s charitable foundation, according to company registration documents. Attempts to reach the managing director of Ihsan Perdana weren’t successful. Documents tied to the transfer said its purpose was for “CSR,” or corporate social responsibility, programs. The Wall Street Journal examination of the use of funds tied to 1MDB for Mr. Najib’s election campaign showed that the money was slated to be used for corporate social responsibility programs as well. The government probe documents detail how investigators believe SRC International transferred 40 million ringgit on Dec. 24 last year to a wholly owned subsidiary. This company on the same day wired the money to Ihsan Perdana, according to the documents. Two days after receiving the money, Ihsan Perdana wired 27 million ringgit and five million ringgit in two separate transfers to two different bank accounts owned by Mr. Najib, the government documents show. In February, 10 million ringgit entered the prime minister’s account, also from SRC International via Ihsan Perdana, the documents show. The remittance documents don’t name Mr. Najib as the beneficiary but detail account numbers at a branch of AmIslamic Bank Bhd. in Kuala Lumpur. Two flow charts from the government investigation name the owner of these accounts as “Dato’ Sri Mohd Najib Bin Hj Abd Razak,” the prime minister’s official name. A spokesman for AmIslamic Bank declined to comment. In another transaction, Tanore Finance, the British Virgin Islands-based company, transferred $681 million in two tranches to a different account at another Kuala Lumpur branch of AmIslamic Bank. The government probe said the account was owned by Mr. Najib, according to the documents. The transfers came from an account held by Tanore Finance at a Singapore branch of Falcon Private Bank, a Swiss bank which is owned by IPIC, the Abu Dhabi fund, according to the documents. A spokesman for Falcon Private Bank declined to comment. The $681 million was transferred to Mr. Najib’s accounts on March 21 and March 25, 2013, the government documents show. Write to Tom Wright at tom.wright@wsj.com and Simon Clark at simon.clark@wsj.com
  2. JOHOR BARU: Prime Minister Datuk Seri Najib Tun Razak has announced that the Government has decided to implement the Vehicle Entry Permit fee for all foreign vehicles entering Johor. Najib said that the decision was made following a request made by the state. "I have discussed the matter with Deputy Prime Minister Tan Sri Muhyiddin Yassin and have also informed Minister in the Prime Minister's Department Datuk Seri Wahid Omar of our decision. "I have instructed him to inform the Road Transport Department (JPJ) so they can work out the details before the VEP is implemented," he said during a buka puasa event organised by the state Wednesday. "We will make an announcement later on the date of implementation and the rates for the VEP," he said. Najib also assured that a portion of the collection would be channelled to the state Government.
  3. Rezorn86

    Najib Fail

    http://www.youtube.com/watch?v=jZA0SFt_bms His question; are u ready for psy? yes!!!! again are u ready for psy? yess!!!!!!! are u ready for BN? noooooooooo!!!!!
  4. Sdf4786k

    Ok chope not so funny

    To start off, the show was not the best of show. How did the producer even think poking fun at the malaysia pm would boost ratings? This is kind of disrespectful for the head of state. https://youtu.be/3RFUw5OYAn4
  5. Mockngbrd

    Zouk SG bows down to Najib's son

    hahahahaha.... sell to Genting become crony club liao http://forums.hardwarezone.com.sg/eat-drink-man-woman-16/%5Bboleh%5D-najibs-son-alledgedly-stopped-zouk-dj-play-his-own-set-5317791.html https://www.youtube.com/watch?v=dLGDGgLykV8&feature=youtu.be Zook fb trying to do damage control kenna hantum: https://www.facebook.com/zouksingapore/
  6. Anybody follow Malaysian politics? Getting very exciting. http://www.themalaysianinsider.com/mobile/malaysia/article/najibs-suit-wont-silence-me-says-dap-lawmaker --------------- Tony Pua I will not be shackled by the defamation suit brought by the Dato’ Seri Najib Razak because I am supported by millions of Malaysians out there who demand good governance, transparency and accountability from the Prime Minister and his Government My lawyer, Gobind Singh who is also the Member of Parliament for Puchong, has received the writ served by Dato’ Seri Najib Razak’s lawyers at 4.30pm yesterday evening. The suit by the Prime Minister accused me of having defamed him in my speech at a DAP Petaling Jaya Fund-Raising Dinner on 3 November 2014 where I spoke extensively on the “mother of the mother of the mother of all scandals”, 1Malaysia Development Bhd (1MDB). This suit is the first defamation suit ever brought by a Prime Minister against a Member of Parliament in Malaysia. It appears that the timing of the suit is coming at a time when 1MDB is facing a massive crisis on all fronts – the inability to service its massive RM42 billion debt, and mounting exposés on fraudulent transactions and even possibly embezzlement billions of ringgit of 1MDB funds. Hence the suit could have been filed as a strategy to silence me and other Government’s critics. However, I would like to inform the Prime Minister that if that was the plan, he has failed miserably. Instead, the suit only strengthened my motivation to pursue, investigate and expose more corruption, abuse of power and incompetence in 1MDB as well as other Government activities, knowing that I am on the right track. I will certainly not be shackled by the suit because I know I am supported by millions of Malaysians who are equally astounded by the sheer audacity of the 1MDB scam. Like me, they demand good governance, transparency and accountability from the Prime Minister and his Government. I would like to declare here that I will contest the suit by the Prime Minister. At the same time, I would like to express my gratitude to the many lawyers who have contacted me to offer their services pro bono. ----------------------------
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