When a PM knows no shame, a nation is a global pariah!
No News Is Bad News is not doing any writing, commentary or comments in this blog post.
We just want to stress that 1Malaysia Development Berhad Prime Minister Najib Razak’s face is as thick as … (whatever).
He knows no shame and thus the whole world sees the Umno-led Barisan Nasional federal government and Malaysia as a pariah, and rogue nation.
Who suffers? Who have to pay the price, in the long-term? Peace-loving law-abiding Malaysians.
Below are two stories posted today (Sept 2, 2016) by the Malaysian-banned Malaysia Chronicle that are self-explanatory why No News Is Bad News finds are worthy to highlight:
"ALL EXITS SEALED FOR NAJIB & FAMILY: WSJ RELEASES BOMBSHELL DETAILS EXACTLY HOW US$1BIL WAS ROUTED TO HIS AMBANK A/CS
Politics | September 2, 2016 by | 0 Comments
How $1 Billion Made Its Way to the Prime Minister Najib Razak.
Investigators say at least $3.5 billion was misappropriated from 1MDB. Here’s how they believe $1 billion ended up in the bank accounts of Malaysian Prime Minister Najib Razak.
Every time Malaysian government investment fund 1Malaysia Development Bhd, or 1MDB, borrowed money, large amounts of the cash were quickly misappropriated, according to investigators. The money followed a circuitous path among private banks, offshore companies and funds, bank records show, and roughly $1 billion landed in the private bank accounts of Malaysian Prime Minister Najib Razak.
That cash is part of $3.5 billion that was embezzled from 1MDB, according to a U.S. Justice department complaint. Investigators from seven countries are trying to figure out what happened to the money and the U.S. moved to seize $1 billion in property in July, including luxury real estate in New York and Beverly Hills, a private jet and art allegedly purchased with 1MDB money. Singapore has charged a banker with money laundering in relation to 1MDB and Abu Dhabi has arrested and frozen the assets of a top official who was deeply involved with the fund. The banker and the official haven’t commented.
This interactive graphic tracks the route that investigators believe the money took from the time it was raised by 1MDB until it landed in the private bank accounts of Mr. Najib at AmBank Bhd., a Malaysian bank, between 2011 and 2015.
The money was raised on three separate occasions and took three separate paths, sometimes flowing directly, while in other cases it split and took different routes, only to be reunited in the AmBank accounts according to the Justice Department complaint. The cash flowed through Singapore, Switzerland, Saudi Arabia, Thailand, the Seychelles, the British Virgin Islands and Curaçao. Other funds disappear, often into accounts controlled by other players in the scandal, the complaint said.
This description is based on bank-transfer documents, investigative files from two countries, people familiar with transactions and the 136-page Justice Department complaint, which is seeking to seize assets bought with funds misappropriated from 1MDB.
Mr. Najib hasn’t acknowledged all of the transfers into his accounts, but he said that $681 million was a legal donation from the royal family of Saudi Arabia and the Malaysian attorney general agreed with that explanation, clearing him of any wrongdoing. Mr. Najib said he returned most of the funds to the Saudi Arabian donor. 1MDB has denied wrongdoing and said it would cooperate with any lawful international investigation.
According to the Justice Department, the money went back to the offshore company that originally sent it to Mr. Najib’s accounts, and from there it was used to fuel other investments and spending by a Malaysian financier allegedly at the center of the scheme named Jho Low. A lawyer for Mr. Low declined to comment.
A portion of the money from 1MDB passed through Saudi Arabia on its way to Mr. Najib’s accounts and $80 million appears to have been transferred by the Ministry of Finance in Saudi Arabia. The origin of the rest of the Saudi money is still under investigation.
TRANSACTION 1
THE SAUDI ARABIAN OIL-VENTURE MONEY
HOW THE MONEY WAS RAISED
1MDB borrowed about $1.8 billion for a joint venture with Saudi oil company PetroSaudi International Ltd.
WHAT HAPPENED TO THE MONEY
About $1 billion of the cash went to a Seychelles company called Good Star Ltd.
HOW THE MONEY GOT TO MR. NAJIB’S BANK ACCOUNTS
A co-founder of PetroSaudi, Prince Turki bin Abdullah, received $24.5 million from Good Star before transferring $20 million to Mr. Najib via an intermediary, according to the Justice Department and a person familiar with the U.S. investigation into 1MDB. The same intermediary sent other funds into Mr. Najib’s accounts, bank transfer documents show, but the origin of the funds is still under investigation. PetroSaudi, Prince Turki and Prince Faisal did not respond to requests for comment.
TRANSACTION 2
THE POWER-PLANT MONEY
HOW THE MONEY WAS RAISED
Two bonds worth a total of $3.5 billion were sold for 1MDB by Goldman Sachs to fund the purchase of power plants.
WHAT HAPPENED TO THE MONEY
After paying a substantial fee to Goldman, 1MDB was supposed to pay money for a guarantee on the bonds to a unit of Abu Dhabi’s International Petroleum Investment Company called Aabar Investments PJS. Instead, the funds went to the similarly named Aabar Investments PJS Ltd., a British Virgin Islands registered company that IPIC says isn’t part of its corporate structure, which received billions of dollars from 1MDB entities over the years. The money was then distributed to beneficiaries of the alleged fraud, according to the Justice Department.
HOW THE MONEY GOT TO MR. NAJIB’S ACCOUNTS
From Aabar BVI, about $637 million went to a company called Blackstone Asia Real Estate Partners in the British Virgin Islands, where it was pooled with other funds. Blackstone has no connection to the Blackstone Group, the New York private-equity firm.
Another $463 million went from Aabar BVI to two mutual funds in the Caribbean island of Curaçao and then onto Blackstone Asia Real Estate Partners, which transferred a total of $170 million to Mr. Najib’s bank accounts in multiple transactions during 2012, bank transfer documents show.
TRANSACTION 3
THE ABU DHABI REAL-ESTATE MONEY
HOW THE MONEY WAS RAISED
1MDB sold $3 billion in bonds via Goldman Sachs to fund a real-estate joint venture with Abu Dhabi.
WHAT HAPPENED TO THE MONEY
Immediately after paying Goldman Sachs its substantial fees, 1MDB transferred nearly half of the cash to a series of funds, shell companies and other intermediaries located in the British Virgin Islands and Curaçao. Eventually $1.27 billion ended up in a British Virgin Islands company called Tanore Finance Corp.
HOW THE MONEY GOT TO MR. NAJIB’S ACCOUNTS
Tanore transferred $680 million to Mr. Najib’s accounts. A few months later, $620 million was returned to Tanore before disappearing back into a maze of offshore companies, according to the Justice Department and investigative documents reviewed by the Journal.
THE LAST STEP
THE FOUR PATHS INTO THE PRIME MINISTER’S BANK ACCOUNTS
HOW IT GOT TO MR. NAJIB’S ACCOUNTS
Of the $1.05 billion Mr. Najib received in his accounts, only $80 million appears to clearly originate with Saudi Arabia, via its Finance Ministry, though the details of that transfer are still unknown. Another $120 million that came via an intermediary based in Saudi Arabia are still under investigation, according to a person familiar with the U.S. investigation. At least $20 million of that $120 million has been traced clearly back to 1MDB by investigators. The remaining $850 million came via Tanore Finance and Blackstone Asia, and has been traced back to 1MDB by investigators, according to people familiar with the probe.
WHAT HAPPENED TO THE MONEY
Mr. Najib used the money in his AmBank accounts for personal and political spending, according to investigative documents reviewed by the Journal that detail more than 500 transactions. He wrote checks to politicians in his political party and also paid millions of dollars for personal expenses, including $130,625 at a Chanel store in Hawaii and €750,000 at a jewelry store in Switzerland.
WALL STREET JOURNAL"
"RAHMAN DAHLAN NAILS NAJIB’S RM2.6BIL COFFIN: APANDI & ZAHID’S SAUDI DONOR GOES UP IN SMOKE
Politics | September 2, 2016 by | 0 Comments
Rahman Dahlan Confirms Najib Is MO1, Meaning NO ARAB DONOR
Yes that is what Rahman Dahlan is also saying. That there is NO ARAB DONOR.
I couldnt download the BBC video. The link is here :
http://www.bbc.com/news/business-37234717
In an interview with the BBC’s Karishma Vaswani, Rahman Dahlan repeatedly says that Najib Razak is MO1.
Who is ‘Malaysian Official 1’? Case closed
Karishma Vaswani
US Attorney General Loretta Lynch laid the case clearly
corrupt officials treated (1MDB) as personal bank account
those named in the suit were responsible for the fraud
mentioned “Malaysian Official 1” thirty six times
this official received US$681m of the stolen money
widely understood “MO1” is Najib but never officially confirmed
Rahman Dahlan said “I agree ‘MO1’ is prime minister”.
“I’ve said it openly. Obviously ..it is the prime minister,” he said.
THE US AG SAYS MO1 RECEIVED US$681 MILLION STOLEN MONEY FROM 1MDB
THE US AG DOES NOT MENTION THE MYSTERIOUS ARAB DONOR AT ALL
Here is Mkini with the same story:
Of course Rahman Dahlan’s confirmation is being picked up by the world press. Here is the Straits Times Singapore :
Here is The Star :
My comments : I say kalau ini macam ah, then why didnt the ahli kabinet kleptokrasi just admit this from July 20th when the US DOJ made that media statement? Why have they been denying that Najib is MO1 for so many weeks.
One anak s*ndal even said that MO1 was the DYMM Agong. Sudah lupa kah?
The prepaids aka blogger pelacur have been talking rubbish about this as well.
Now the Minister Abdul Rahman Dahlan (who by the way is the Barisan Nasional’s Strategic Communications director) has strategically communicated to the whole world that Najib is MO1. Case closed lah.
Lu orang mahu cakap apa lagi?
Now pay attention to this part. The US Attorney General said :
US Attorney General Loretta Lynch laid the case clearly
corrupt officials treated (1MDB) as personal bank account
those named in the suit were responsible for the fraud
mentioned “Malaysian Official 1” thirty six times
this official received US$681m of the stolen money
Malaysian Official 1 received US$681 million of stolen money.
Malaysian Official 1 was also responsible for the fraud.
Malaysian Official 1 also treated (1MDB) as a personal bank account.
Rahman Dahlan now confirms that this thief who defrauded the Malaysian people is Najib Razak.
THE US AG SAYS MO1 RECEIVED US$681 MILLION STOLEN MONEY FROM 1MDB
THE US AG DOES NOT MENTION THE MYSTERIOUS ARAB DONOR AT ALL
By confirming that Najib is the MO1 described by the US AG, Rahman Dahlan now also confirms the rest of the US AG’s statement ie there is no mysterious ARAB donor either.
Never before in our history has there been a more stupid group of people who were members of a political party who admitted publicly that their leader was a thief and still accept the thief as their leader.
Never before in our history has there been a more stupid group of people who were members of a Cabinet of Ministers who admitted publicly that their leader was a thief and still accept the thief as their leader.
Never before in our history has there been a more stupid group of people who continued spinning stories to cover up for their leader who has already been confirmed as a thief by their own Minister.
Akhir kalam : Just play this video of Rahman Dahlan again and again from now until the general elections. Case closed.
– http://syedsoutsidethebox.blogspot.my/"
Politics | September 2, 2016 by | 0 Comments
Rahman Dahlan Confirms Najib Is MO1, Meaning NO ARAB DONOR
Yes that is what Rahman Dahlan is also saying. That there is NO ARAB DONOR.
I couldnt download the BBC video. The link is here :
http://www.bbc.com/news/business-37234717
In an interview with the BBC’s Karishma Vaswani, Rahman Dahlan repeatedly says that Najib Razak is MO1.
Who is ‘Malaysian Official 1’? Case closed
Karishma Vaswani
US Attorney General Loretta Lynch laid the case clearly
corrupt officials treated (1MDB) as personal bank account
those named in the suit were responsible for the fraud
mentioned “Malaysian Official 1” thirty six times
this official received US$681m of the stolen money
widely understood “MO1” is Najib but never officially confirmed
Rahman Dahlan said “I agree ‘MO1’ is prime minister”.
“I’ve said it openly. Obviously ..it is the prime minister,” he said.
THE US AG SAYS MO1 RECEIVED US$681 MILLION STOLEN MONEY FROM 1MDB
THE US AG DOES NOT MENTION THE MYSTERIOUS ARAB DONOR AT ALL
Here is Mkini with the same story:
Of course Rahman Dahlan’s confirmation is being picked up by the world press. Here is the Straits Times Singapore :
Here is The Star :
My comments : I say kalau ini macam ah, then why didnt the ahli kabinet kleptokrasi just admit this from July 20th when the US DOJ made that media statement? Why have they been denying that Najib is MO1 for so many weeks.
One anak s*ndal even said that MO1 was the DYMM Agong. Sudah lupa kah?
The prepaids aka blogger pelacur have been talking rubbish about this as well.
Now the Minister Abdul Rahman Dahlan (who by the way is the Barisan Nasional’s Strategic Communications director) has strategically communicated to the whole world that Najib is MO1. Case closed lah.
Lu orang mahu cakap apa lagi?
Now pay attention to this part. The US Attorney General said :
US Attorney General Loretta Lynch laid the case clearly
corrupt officials treated (1MDB) as personal bank account
those named in the suit were responsible for the fraud
mentioned “Malaysian Official 1” thirty six times
this official received US$681m of the stolen money
Malaysian Official 1 received US$681 million of stolen money.
Malaysian Official 1 was also responsible for the fraud.
Malaysian Official 1 also treated (1MDB) as a personal bank account.
Rahman Dahlan now confirms that this thief who defrauded the Malaysian people is Najib Razak.
THE US AG SAYS MO1 RECEIVED US$681 MILLION STOLEN MONEY FROM 1MDB
THE US AG DOES NOT MENTION THE MYSTERIOUS ARAB DONOR AT ALL
By confirming that Najib is the MO1 described by the US AG, Rahman Dahlan now also confirms the rest of the US AG’s statement ie there is no mysterious ARAB donor either.
Never before in our history has there been a more stupid group of people who were members of a political party who admitted publicly that their leader was a thief and still accept the thief as their leader.
Never before in our history has there been a more stupid group of people who were members of a Cabinet of Ministers who admitted publicly that their leader was a thief and still accept the thief as their leader.
Never before in our history has there been a more stupid group of people who continued spinning stories to cover up for their leader who has already been confirmed as a thief by their own Minister.
Akhir kalam : Just play this video of Rahman Dahlan again and again from now until the general elections. Case closed.
– http://syedsoutsidethebox.blogspot.my/"
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