Showing posts with label 1MDB. Show all posts
Showing posts with label 1MDB. Show all posts

Friday, July 20, 2018

How to use RM2.6 billion

Ex-PM Najib received this generous amount from an anonymous donor (anonymous because the owner does not want to own up?) and knew very well how to make use of it.

Read how Najib plays Santa Claus here:

Special Report: Nicked from 1MDB or donation?

Recap ABC Four Corners Report in 2016: Najib Razak 1MDB scandal: Malaysian Prime Minister's accounts triggered internal money-laundering alarm

Wednesday, March 07, 2018

'Wolf of Wall Street’ producer to pay US$60 mil settlement

LOS ANGELES (March 7): The producer of the "Wolf of Wall Street" agreed to pay US$60 million to settle claims it financed the movie with money siphoned from a Malaysian state investment fund.
The settlement between the U.S. Justice Department and Red Granite Pictures Inc, which was co-founded by a stepson of Malaysian Prime Minister Najib Razak, also covers U.S. forfeiture claims against the producer’s rights and interests in two other pictures, “Daddy’s Home” and “Dumb and Dumber To.”

The complaint targeting the 2013 picture, directed by Martin Scorsese, is among more than two dozen forfeiture lawsuits filed by the U.S. against US$1.7 billion assets that were allegedly acquired with money stolen from 1Malaysia Development Bhd. The assets include mansions in Beverly Hills, California, luxury condos in New York, jewelry and artworks.

The Justice Department sought the profits, royalties and distribution proceeds that are owed to Red Granite Pictures. The movie starring Leonardo DiCaprio took in US$392 million in worldwide ticket sales, according to the website Box Office Mojo.
“We are glad to finally put this matter behind us and look forward to refocusing all of our attention back on our film business,” Red Granite said in a statement.

1MDB probe
Riza Aziz, Najib’s stepson, is a friend of Low Taek Jho, also known as Jho Low, the Malaysian financier whom the U.S. alleges orchestrated the scheme to loot US$4.5 billion from the Malaysian fund going back to 2009. Of the allegedly stolen money, US$1.7 billion has been traced to assets in the U.S. and U.K.

Most of the civil forfeiture cases have been put on hold, while the Justice Department is pursuing a criminal investigation.

Elliott Broidy, a top Republican fundraiser for Donald Trump’s 2016 campaign, and his wife, engaged in contract negotiations to represent Jho Low, according to emails that his lawyer said were stolen when Broidy’s accounts were hacked.

The emails included talking points on why the U.S. should drop its 1MDB probe. One draft contract showed that the firm of Broidy’s wife, who is an attorney, could have made US$75 million if they succeeded. It’s unclear what if anything came of the proposal. The Wall Street Journal first reported details of the effort.

The case is U.S. v. “Wolf of Wall Street,” 16-05362, U.S. District Court, Central District of California (Los Angeles).

Source: The Edge

CNBC: A super yacht is seized, and new allegations surface



What happened to 1MDB's money? from CNBC.

Tuesday, February 06, 2018

Ousting Najib is now a possibility in Malaysia

Malaysia's Mahathir claims ousting Najib is on the cards

KUALA LUMPUR -- Mahathir Mohamad insists there is a real possibility of a new government coming to power when Malaysia goes to the polls later this year. Speaking to The Nikkei at his office on the outskirts of the Malaysian capital on Monday,

Mahathir, who now leads a coalition of four opposition parties, said the mutual goal of unseating Prime Minister Najib Razak was of far greater importance than any differences they may have. "This is what they called the mother of all elections," said the 92-year-old former prime minister. "It will be very big and the possibility of changing the government is there.

For the first time, the opposition is very united." The Pakatan Harapan, or "Alliance of Hope," is an unlikely collection of politicians. Some, such as Parti Keadilan Rakyat leader Anwar Ibrahim and Lim Kit Siang of the Democratic Action Party, were jailed during Mahathir's 22 years in power. Anwar, once seen as Mahathir's chosen successor, is serving a five-year sentence on sodomy charges that many believe were fabricated -- his second incarceration for a similar offense. "This is more or less like the saying, 'your enemy's enemy is my friend,'" said Mahathir.

The veteran politician appears to have united a once fragmented opposition, a role once played by Anwar, even managing to gain broad consensus on seat allocation for the election, which must be called by June 24. The coalition has agreed for Mahathir to be appointed prime minister should the bloc win, but make way for Anwar when his prison term ends in June. Anwar, however, will still need a royal pardon in order to become leader. "Anwar will be the next prime minister after me," assured Mahathir, refuting allegations that his return was designed to pave the way for his son Mukhriz to take over.

Najib has repeatedly denied any involvement in the scandal and said it had been turned into a concentrated campaign to sabotage the economy for political gain. He has admitted there were "failings" at the fund, but these lapses of governance had been rectified after investigations. 

Regardless, Mahathir insisted the country would get "worse" if Najib stayed in power, and that he just wanted to put Malaysia back on track. He also accused the current administration of blurring the lines between the executive, judicial and legislative branches of government. Mahathir himself was no stranger to criticism during his time in office, but rebutted any suggestion that he might have been too hard-line. "Dictators do not resign. I resigned."

 Mahathir is the chairman of Parti Pribumi Bersatu Malaysia, or the "Malaysian United Indigenous Party." The coming elections will be the tenth he has contested in a political career that began in 1964. He is expected to stand in Putrajaya, the suburb where his office is located, Langkawi or his previous constituency of Kubang Pasu.
 - CK TAN, Nikkei staff writer
Source: Nikkei

Saturday, November 19, 2016

Malaysians take to the streets to get rid of Najib

Malaysians today will walk the streets again for Bersih 5 (in yellow) to peacefully demand for free elections and also for Najib's resignation while UMNO and BN will also similarly protest (in red) for the continuation of bribes, corruption and pillage of the nation's coffers as wonderfully demonstrated by their present leadership.









Mkini: Live Coverage

Twitter: Live tweets

MCA: The Malays don't want free elections  (as usual they are confused who they should be speaking for)

MIC: We don't want free elections either

UMNO: We can't help it if our members support Bersih

G25: We are there for good governance