Unremorseful kleptocrat Najib ‘1MDB’ Razak really does not deserve even a partial pardon

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Unremorseful kleptocrat Najib ‘1MDB’ Razak really does not deserve even a partial pardon

KUALA LUMPUR, Feb 17, 2024: As the disgraced, shameless and unremorseful former premier Najib “1MDB” Razak languishes in prison, 1Malaysia Development Berhad (1MDB) continues to make headlines overseas for all the wrong reasons.

Till today, thyere is no end to the so-called Sovereign Wealth Fund (SWF) 1MDB’s financial scandal overseas.

Certainly SWF was set up not for the benefit of the rakyat dan negara (people and country) but for thieves.

The problem with the current so-called Madani Unity Government (UG) is that it tak tahu malu (knows no shame) - allowing the granting of a partial pardon for the world’s biggest kleptocrat without any objection.

The multi-billion (if not trillion)-Ringgit stolen from 1MDB has contributed significantly to Malaysia’s current RM1.5 trillion national debt economy.

As the UG struggles to settle the debts and heal the economy, the rakyat has to pay the price of the thieves.

In such a situation, really, what is the justification for reducing Najib’s 12-year jail sentence to six years and slashing the court fine of RM210 million to RM50 million?

And Najib is currently facing more charges relatred to the 1MDB financial scandal.

It only shows to the world that the Government tak tahu malu and that it condones or is sympathetic to corrupt thieves in high offices.

No News Is Bad News reproduces below a Bloomberg report, reposted by Free Malaysia Today on the shameful and ongoing 1MDB financial scandal probes and court cases overseas:

Liquidators seek Chapter 15 protection for 1MDB-linked firms

The companies are subject to insolvency proceedings in the British Virgin Islands and made the US petition in hopes of obtaining information on misappropriation of funds.

Bloomberg16 Feb 2024, 9:37pm

A petition has been filed in the Southern District of Florida court for Chapter 15 bankruptcy protection for five 1MDB-linked companies. (Reuters pic)

WASHINGTON: Liquidators of companies linked to the 1MDB scandal have filed for the companies to be placed under bankruptcy protection, as the liquidators look to recover assets.

A petition to place the companies under Chapter 15 of the US bankruptcy code was submitted in the Southern District of Florida court, dated Feb 15.

It listed 1MDB Energy Holdings Ltd, Platinum Global Luxury Services Ltd, Aabar International Investments PJS Ltd, Blackrock Commodities (Global) Ltd, and Alsen Chance Holdings Ltd, all registered in the British Virgin Islands.

The liquidators said the companies were subject to proceedings in the British Virgin Islands. The US petition was filed because the liquidators hoped to obtain information on the misappropriation of funds, according to the documents.

Malaysia’s 1MDB investment fund became the centre of a multibillion-dollar scandal that has spawned investigations around the world into deal-making, election spending and political patronage under former prime minister Najib Razak.

The filing said all five firms in question “acted as conduit for funds” from 1MDB to other entities and individuals.