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Najib gets leave to initiate judicial review for ‘house arrest’
KUALA LUMPUR, Jan 6, 2025: Malaysians today are shocked by the split three-man bench of the Court of Appeal decision to grant the disgraced and shameless former prime minister Najib “1MDB” Razak leave to initiate a judicial review of his prison sentence for house arrest.
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The facts about the VVIP jailbird who is serving his sentence in Kajang Prison are:
> THE kleptocrat Najib has stolen millions of Ringgit, if not billions, from the rakyat dan negara (people and country);
> NAJIB is currently facing 25 charges of power abuse and money laundering involving RM2.27 billion in 1Malysia Development Berhad (1MDB) funds; and
> 1MDB and its subsidiaries have also begun legal action against Amicorp Group and its co-founder Toine Knipping for allegedly facilitating the laundering of over US$7 billion (RM31.85 billion) in misappropriated funds.
Today’s court decision means the unremorseful kleptocrat, Najib, gets a chance to battle out in court to be allowed to serve the remainder of his jail sentence under house/bungalow arrest (read as backdoor freedom).
In July 2020, the former Umno president was jailed 12 years and fined RM210 million on seven counts of corruption involving SRC International (a 1MDB subsidiary) funds.
Najib is currently serving a six-year prison sentence, halved by the pardons board from the initial 12 years, and his court fine was also given a hefty discount to only RM50 million.
So, Najib may have won in his appeal for this round but his court battle woes are certainly far from over.
Malaysians pray that justice will ultimately be served.
And here are three immediate responses found on Facebook on the court decision today, clearly showing their frustrations and disgust:
James Chin
He is still the BossKu.
History will judge UMNO, PAS and Malay right wing groups harshly. The justice system is not working properly. The perception is that big fishes can never be caught nor punished like ordinary people.
Integrity and Honour had just passed away. The nation mourns in silence.
Baik kita rakyat ikut contoh Bosku...
Curi, Sakau wang Kerajaan.
Kalau kena tangkap dipenjara, kita suruh PAS tolong kita!
No News Is Bad News reproduces below a news report on the court decision and our previous postings:
Najib wins appeal to have house arrest dispute heard
-06 Jan 2025, 01:28 PM
In a split ruling, the Court of Appeal also allows Najib Razak’s application to adduce new evidence when the merits of the case are heard in the High Court.
Former prime minister Najib Razak has been in prison since Aug 23, 2022. (Bernama pic)
PUTRAJAYA: Former prime minister Najib Razak has obtained leave to begin judicial review proceedings to compel the government to execute a supplementary decree issued by the former king allowing him to serve the remainder of his jail term under house arrest.
In a split ruling, a three-member Court of Appeal bench also allowed Najib’s application to adduce new evidence when the merits of the case are heard in the High Court.
Justice Firuz Jaffril said Najib had fulfilled the criteria in Ladd & Marshall to introduce new evidence.
He also noted that Najib had written to six respondents on the existence of the purported addendum with no reply from any of them.
The six respondents are the home minister, prisons commissioner general, attorney-general, Federal Territories Pardons Board, law and institutional reform minister, and director-general of the Prime Minister’s Department’s legal affairs division.
Firuz said that Najib had, after the High Court hearing in July, obtained a copy of the addendum from the Pahang ruler, who was the 16th Yang di-Pertuan Agong.
He added that the government had not provided any compelling rebuttal to the evidence adduced by Najib.
Justice Azhahari Kamal Ramli concurred with Firuz.
Justice Azizah Nawawi, who chaired the Court of Appeal bench, dissented.
Najib Razak: Malaysia's ex-PM starts jail term after final appeal fails
23 August 2022
Melissa Zhu
BBC News
Reuters
Former Malaysian PM Najib Razak was sentenced to 12 years in jail in July 2020
Malaysia's former Prime Minister Najib Razak has been sent to jail to begin serving a 12-year sentence, after the top court rejected his appeal.
The 69-year-old's charges relate to a corruption scandal involving state-owned wealth fund 1Malaysia Development Berhad (1MDB).
He was convicted in July 2020, but had been out on bail during the appeal.
The court also denied Najib's request to delay his sentence. He has continued to deny any wrongdoing.
He was sentenced to 12 years' jail and a fine of 210m ringgit ($46.8m; £39.7m).
The defence team had argued Najib was led to believe the funds in his accounts were donated by the Saudi royal family rather than misappropriated from the state fund.
They also claimed he was misled by financial advisers, particularly fugitive financier Jho Low - who has been charged in both the US and Malaysia but also maintains his innocence.
In his final push for freedom on Tuesday, Najib's lawyer requested the removal of Chief Justice Tengku Maimun Tuan Mat from the panel presiding over the case - in what was seen as a bid to forestall a final verdict.
They claimed she could be biased as her husband had made a Facebook post in 2018 which was critical of Najib.
However, the chief justice declined the request as she said the post was before the charges were brought against Najib.
In her verdict, the chief justice said the five-judge panel unanimously found that the conviction of Najib on all seven counts was safe and the appeal "devoid of any merits".
"The defence is so inherently inconsistent and incredible that it has not raised reasonable doubt on the case," she said.
The charges addressed on Tuesday make up only the the first of five trials relating to 1MDB.
Najib's wife, Rosmah Mansor, also faces money laundering and tax evasion charges - to which she has pleaded not guilty.
She separately faces corruption charges related to a solar hybrid project, and the High Court is set to deliver her verdict for this case on 1 September.
A big moment as taboos are shattered
This is a big moment.
It is almost unheard of for a political figure as senior as Najib Razak to go to jail, in a region where power is unaccountable, and hierarchy rigidly enforced.
Even President Suharto in Indonesia, who was forced to resign in 1998 after mass protests against his autocratic rule, never actually went to jail. Malaysia has shattered that taboo.
Najib has few legal avenues left - he can apply for a review of the appeal, but has little chance there.
But it is too soon to write him off yet. Najib Razak has maintained his popularity in some sections of Malaysian society, and he is still influential in his UMNO party. It has a good chance of doing well in the upcoming general election, and might then push for a royal pardon.
Malaysian politics has become much more fluid since UMNO lost its 61-year monopoly on power in 2018 - an election Najib lost in large part because of this scandal.
Friday, 3 January 2025
Shameless Malaysian politicians gather to support Malaysia’s No.1 thief or kleptocrat Najib ‘1MDB’ Razak to be 'freed'
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Shameless Malaysian politicians gather to support Malaysia’s No.1 thief or kleptocrat Najib ‘1MDB’ Razak to be 'freed'
KUALA LUMPUR, Jan 3, 2025: Malaysian politicians know no shame, especially those from the Umno-led Barisan Nasional (BN).
They continue their wayward political ways despite suffering a devastating loss in the last general election (GE15) when Malaysians soundly gave them the boot, with Umno winning only 26 of the 222-seat Parliament.
On Monday (Jan 6), they shameless show Malaysians and to the rest of the world that they support corrupt leaders - in this case the disgraced and shameless and unrepented former prime minister Najib “1MDB” Razak who stole millions, if not billions, from the rakayat dan negara (people and country).
They are set to proudly rally for Najib to be freed and palced under house/bungalow arrest so that he gets to enjoy his ill-gotten wealth.
As for MCA and MIC, of course they have to live up to their status as loyal Umno political lapdogs.
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No News Is Bad News reproduces below a news report that tells Malaysians why Umno-led BN must be politically buried in GE16:
MCA urges members to attend solidarity rally for Najib
-03 Jan 2025, 04:30 PM
The party says leaders and members should join the peaceful assembly to uphold justice and demand the truth.
MCA said its members are expected to attend the Jan 6 gathering to show solidarity with former Umno president Najib Razak. (Facebook pic)
PETALING JAYA: MCA has called on its members to attend the Jan 6 solidarity rally organised by PAS for incarcerated former prime minister Najib Razak.
The party said it was informed about the rally by Umno two weeks ago, and that its members are expected to take part to show solidarity with former Umno president Najib.
“MCA calls on the party’s leaders and members at all levels to join this peaceful assembly to uphold justice and demand the truth,” it said in a Facebook post today.
“MCA demands the government be transparent – if it (royal addendum) exists, say so; if it does not, say so.”
PAS’s rally will be held on the same day the Court of Appeal hears Najib’s application on a purported supplementary decree placing him under house arrest.
Najib claims the order was issued in a supplementary decree to a Feb 2 announcement by the Federal Territories Pardons Board, which halved his jail term from 12 years to six and reduced his fine from RM210 million to RM50 million.
He is currently serving the jail sentence following his conviction for corruption in the SRC International case.
Yesterday, MIC deputy president M Saravanan said thousands of party members will also attend the rally.
Saravanan said the rally goes “beyond party-based and racial politics” and is about securing justice for Najib concerning the purported supplementary decree.
PAS secretary-general Takiyuddin Hassan earlier issued an internal memo sighted by FMT saying the rally will focus on Najib’s appeal for leave to commence judicial review proceedings over the purported royal command.
The memo also called for party members to gather for prayers and speeches at the Palace of Justice in Putrajaya at 9am.
More than 200 busloads of Najib’s supporters are expected to attend the rally, comprising Umno and PAS members.
Bersatu leaders are also expected to be present.
Friday, 3 January 2025
Shameless corrupt-loving politicians to rally for jailbird Najib on Monday
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Shameless corrupt-loving politicians to rally for jailbird Najib on Monday
KUALA LUMPUR, Jan 3, 2025: Malaysia continues to be more corrupt in the global rankings for corruption as reported by Transparency-International.
It shouldn’t surprise anyone a wee bit because many Malaysians support the corrupt, especially kleptocrats. No?
Then read below a news report on the Taliban-like PAS and the racial and religious bigoted Umno (led by its youth chief Dr Akmal Saleh) who are scheduled to stage a rally for Malaysia’s No. 1 kleptocrat and thief, the disgraced and shameless former prime minister and Umno president Najib “1MDB” Razak.
And, they are also supported by the Umno lapdogs MCA and MIC! No wonder Malaysians overwhelmingly dumped the Umno-led Barisan Nasional (BN) in the last general election (GE), leaving Umno with a mere 26 seats in the 222-seat Parliament.
Also, isn't Umno and MIC (BN) part of the so-called Madani Unity Government?So, what business is it for the Government to be involved in a rally or protest supporting a national thief who is serving in Kajang Prison?
Come GE16, Malaysians are expected to dig Umno and BN’s political grave deeper.
And, the big question is: Is the police allowing such a public rally or protest?
Najib is currently serving his jail sentence in Kajang Prison for stealing from SRC, a subsidiary of 1Malaysia Development Berhad (1MDB).
And, he is currently facing 25 charges of power abuse and money laundering involving RM2.27 billion in 1MDB funds.
1MDB and its subsidiaries have also begun legal action against Amicorp Group and its co-founder Toine Knipping for allegedly facilitating the laundering of over US$7 billion (RM31.85 billion) in misappropriated funds.
So, on Monday (Jan 6), all Malaysians and the rest of the world will get to see the corrupt-loving shameless politicians rallying in support of the country’s No.1 kleptocrat, Najib, who will appear in court over his challenge to be allowed to serve the remainder of his jail sentence under house arrest.
So, it’s clear that come GE16 which must be held in 2027, a vote for PAS and BN-Umno is a vote for CORRUPTION!
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No News Is Bad News reproduces below related news reports and previous postings on the man who stole multi-millions of Ringgit, if not billions, from the rakyat dan negara (people and country):
‘Read, understand and accept’ statement by palace on pardons, says Anwar
-03 Jan 2025, 02:56 PM
The prime minister responds to a statement by Istana Negara that any proposal for a prisoner to be granted a pardon or sentence reduction must be submitted to the pardons board for consideration.
Prime Minister Anwar Ibrahim said all parties must understand and accept the palace’s statement on granting pardons. (Bernama pic)
KUALA LUMPUR: Prime Minister Anwar Ibrahim has called on all parties to understand and accept the statement issued by the palace earlier today on granting pardons.
“You must read, understand and accept the command,” he told reporters here.
Earlier, Istana Negara reiterated that any proposal for a prisoner to be granted a pardon or sentence reduction must be submitted to the pardons board for consideration.
The palace said the king holds the prerogative to grant pardons under Articles 42(1) and (2) of the Federal Constitution, based on the advice of the pardons board he chairs, for offences.
It also said the king has “the authority to remit, suspend, or reduce any punishment imposed by the courts for such offences”.
The statement comes amid plans for a rally in support of former prime minister Najib Razak, who has a court appearance on Jan 6 over his challenge to be allowed to serve the remainder of his jail sentence under house arrest.
The Attorney-General’s Chambers released a similar statement on Wednesday, saying that any proposal for prisoners in the federal territories to serve the remainder of their sentences under house arrest, including Najib, have to be submitted to the pardons board.
Asked if the statement issued by Istana Negara today is linked to the planned rally by several political parties on Monday, Malaysiakini quoted Anwar as saying: “Yes, must read, must read”.
PAS has issued an internal party memo calling for party members to gather for prayers and speeches at the Palace of Justice in Putrajaya at 9am, while Umno will also be at the rally, with over 200 busloads of Najib’s supporters.
Yesterday, MIC deputy president M Saravanan said “thousands” of party members will attend the rally, while People’s Progressive Party secretary-general Inder Singh Beant Singh said party members would also attend the rally.
Najib is currently serving a six-year prison sentence, halved by the pardons board from the initial 12 years, following his conviction in the SRC International case.
The rally is being held on the day the Court of Appeal will hear his application for leave to adduce fresh evidence in his appeal to serve the remainder of his jail term under house arrest, an order which he claims was issued in a supplementary decree to the Feb 2 announcement.
PH not involved in pro-Najib rally, says Anwar
-03 Jan 2025, 01:06 PM
The prime minister, who is also the coalition’s chairman, directs questions to his BN counterpart, Ahmad Zahid Hamidi.
Anwar Ibrahim said PH has nothing to do with the pro-Najib Razak rally scheduled for Jan 6. (Facebook pic)
KUALA LUMPUR: Prime Minister Anwar Ibrahim has sought to distance Pakatan Harapan, the coalition he leads, from the pro-Najib Razak rally next week.
“You will need to ask the Barisan Nasional chairman (about that),” he told reporters, referring to Ahmad Zahid Hamidi, who is also the deputy prime minister.
“PH is not involved.”
Anwar said this when asked to comment on Monday’s rally, which will see the participation by four different parties.
PAS secretary-general Takiyuddin Hassan had earlier issued an internal party memo saying the rally will focus on Najib’s appeal for leave to commence judicial review proceedings over the purported royal addendum.
The memo also called for party members to gather for prayers and speeches at the Palace of Justice in Putrajaya at 9am.
More than 200 busloads of Najib’s supporters are also expected to attend the rally, comprising Umno and PAS members.
Yesterday, MIC deputy president M Saravanan said “thousands” of party members will attend the rally, while People’s Progressive Party secretary-general Inder Singh Beant Singh said party members would also be present.
Najib is currently serving a six-year prison sentence, halved by the pardons board from the initial 12 years, following his conviction in the SRC International case.
The rally is being held on the day the Court of Appeal will hear his application for leave to adduce fresh evidence in his appeal to serve the remainder of his jail term under house arrest, an order which he claims was issued in a supplementary decree to the Feb 2 announcement.
Friday, 13 December 2024
Freeing Malaysia’s No.1 kleptocrat is a web of intrigue
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This is the thief who the UG wants to free using a “backdoor freedom” called house arrest … in his case, bungalow arrest.
Freeing Malaysia’s No.1 kleptocrat is a web of intrigue
KUALA LUMPUR, Dec 14, 2024: Finance Twitter has posted a news report detailing how the the so-called Madani Unity Government (UG), led by Malaysia’s 10th Prime Minister Anwar Ibrahim, is caught in a web of intrigue in trying to free the country’s No.1 kleptocrat.
Finance Twitter claimed that there are two parts to the controversy which could destroy Anwar’s desire for a second term – a royal pardon and a royal addendum.
The suspense – and anger – began after a local daily Utusan Malaysia reported – and retracted – that Najib will receive a royal pardon over his 12-year prison sentence after being convicted for the misappropriation of SRC International Sdn Bhd’s RM42 million.
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No News Is Bad News reproduces below the damning Finance Twitter report of the UG’s support to free the corrupt jailbird, the disgraced and shameless former prime minister Najib “1MDB” Razak, who stole millions of Ringgit, if not billions from the rakyat.
And the UG is doing all it can to free Najib who is also currently facing 25 charges of abuse of power and money laundering involving RM2.27 billion of 1MDB funds (read as rakyat dan negara’s money).
An international farce for Malaysia’s fight against corruption.
Anwar Has Been Playing “Tai Chi” With Najib Royal Addendum
14 December, 2024
Was there a piece of royal decree that would allow former Prime Minister Najib Razak to serve his remaining prison sentence in his luxury home? A simple answer “Yes” or “No” is all that is needed from the 10th Prime Minister of Malaysia – Anwar Ibrahim. But for almost 10 months since January, the man who was supposed to be a reformist, has been playing “Tai Chi”.
There are two parts to the controversy which could destroy Mr Anwar’s desire for a second term – a royal pardon and a royal addendum. The suspense – and anger – began after a local daily Utusan Malaysia reported – and retracted – that Najib will receive a royal pardon over his 12-year prison sentence after being convicted for the misappropriation of SRC International Sdn Bhd’s RM42 million.
Initially, there were denials. Then, when it became too hot to handle, Anwar said on Feb 2, 2024 that the Pardons Board has made its decision and asked the public to wait for the announcement. At that time, Najib had been a prisoner for about one year and five months (he was jailed on August 23, 2022) only, therefore, he was not qualified to apply for a pardon – either full or partially.
Former Attorney-General Tommy Thomas said that one-third of a prison sentence must be served before any pardon can be considered, which means Najib must spend at least four years of his 12-year prison term first. When it was announced that the ex-premier had indeed been given a pardon – 50% discount of his prison time and 75% of his RM210 million fines – all hell broke loose.
Facing a barrage of criticism, the fake reformist Anwar shamelessly defended the move to reduce the jail sentence for disgraced Najib Razak after his attempt to pass the ball to the Pardons Board failed. Initially, the prime minister said the King Sultan Abdullah’s decision to commute Najib’s sentence was final and that the monarch was not obliged to provide an explanation.
When 34 million people refused to buy his bullshit, PM Anwar praised the King’s decision as full of “mercy and compassion”, a pathetic tactic of hiding behind the monarch to silence the critics. That’s because negative remarks about the monarchy can be prosecuted under a colonial-era Sedition Act, which has been used against people who criticise the royals on social media.
Anwar thought he had cleverly put the matter to rest, and people have forgotten the disgusting episode. But it was just the beginning of a nightmare that would haunt his leadership till the next 16th General Election. He thought he was the smartest person alive while everyone else is stupid. However, there was at least one person who was way smarter than him – the crook himself.
Fresh from his royal pardon which halved his jail sentence, Najib suddenly claimed that there was an additional decree – dated January 29, 2024 – from the Agong (King) to transfer him immediately from Kajang Prison to his residence in Kuala Lumpur to serve the rest of his sentence under house arrest. But his judicial review regarding the addendum was rejected by the Kuala Lumpur High Court on July 3.
He is now appealing to the Appeal Court, claiming to have new evidence, which was only recently obtained by Najib’s son, Nizar. The burning question is why hadn’t Najib produced the evidence, or even raised the issue of the existence of such royal decree when he was granted the partial royal pardon in early February, but had to wait till a few months later in April to do it?
Interestingly, Anwar’s biggest bootlicker – Home Minister Saifuddin Nasution Ismail – said in November that the so-called royal addendum was merely “hearsay”, essentially denying the existence of the document. However, on Tuesday (December 10), PM Anwar refused to confirm or deny the existence of the highly controversial royal document when grilled by the Opposition in the Parliament.
Lending credence to the suspicion that the addendum indeed exists, the prime minister now said he had referred the matter to the current Malaysian King, Sultan Ibrahim Iskandar of Johor, for further deliberation. Exactly why Anwar had to make things complicated, confusing and suspicious by passing the ball from one king to another king if there was no such decree in the first place?
Both the High Court (on July 3) and the Home Ministry (on Nov 7) already announced that Najib’s claim was rubbish based on purely hearsay. Is Anwar now afraid of being caught with his pants down lying just in case Najib’s son, Nizar, could produce an identical copy of the addendum from Sultan Abdullah’s royal household, but was not signed by the ruler, unlike the original document?
It becomes more dramatic when the Pahang Palace said on December 10 that it “will not be making any statements” on the issue due to the upcoming court case. But why can’t the previous King – Sultan Abdullah – confirm or deny the existence of the royal decree which he personally rushed to sign at the eleventh hour before his tenure as Yang di-Pertuan Agong (King) ended on January 30, 2024?
Yes, Najib could have easily asked the sultan to publicly clarify the matter as early as February, but he didn’t. There was also no reason the previous King would reject such favour as it was the monarch who signed the special royal addendum himself. It does not make sense to hide the document after signing it. Besides, who dares to condemn the Malay Ruler for helping the world’s biggest crook?
After all, Najib holds the “Orang Kaya Indera Shahbandar” title, which he inherited from his late father. The title, which dates back about three centuries in 1722, was accorded to him by the Pahang palace by virtue of the title being hereditary. The title is one of the four highest ranking nobles below the monarch – hence also known as the “Orang Besar Berempat”, loosely translates as “the four chiefs”.
The educated guess is while the royal document does exist (otherwise Anwar can boldly and decisively reject its existence), it may be illegal and unconstitutional, hence unenforceable simply because there are no legal provisions for home detention. That explains why Anwar has hastily accepted Najib’s apology for stealing money, and shamelessly promised to design a special new law to allow home arrest for the crook.
At best, Sultan Abdullah might have been persuaded and scammed by Najib into signing the dubious decree at the last minute before the monarch was replaced by Sultan Ibrahim. At worst, the Pahang Sultan knew it was illegal, but signed it anyway as birds of a feather flock together. Now that it has become a hot potato, the Pahang Palace hides behind judiciary to avoid embarrassment and criticism.
What is unknown is whether the document has been backdated, which explains why it took Najib a few months after a royal pardon to start crowing about a royal addendum. It also explains why Home Minister said the document was merely hearsay. However, there is also the possibility that Anwar government had deliberately hid the document, leading to flip-flopping between him and his own minister.
It would be treason and treachery for Najib’s son for forge a royal document, so both the royal house and Najib dynasty knew the authenticity of the decree. But that does not mean Anwar was innocent. It was part of his plan to pardon Najib when the PM revived Federal Territories Ministry and appointed the useless former Health Minister Dr Zaliha Mustafa to the portfolio, who in turn is a member of the Pardons Board.
Anwar then appointed a new friendly-Attorney General, who is also a member of the board. He also admitted submitting Najib’s application for a royal pardon to the Pardons Board, although thousands of other prisoners were more qualified. Why wasn’t a 43-year-old woman in Terengganu sent to 14 months’ jail in July 2022 after she was found guilty of stealing the Milo at a local supermarket given a royal pardon?
The simple fact that the premier scrambled to assemble his team for the Pardons Board, and blindly submitting Najib’s request for a royal pardon despite the crook having served less than one-third of the jail sentence, already screams double standards and abuse of power just to cling to power by appeasing Najib, whose political party is a partner of Anwar-led Unity Government.
Crucially, Mr Anwar lied that Najib’s royal pardon is under the sole discretion of the King, bragging his strong position on the issue of good governance and the rule of law. But an amendment to the Federal Constitution in 1994 already removed the absolute discretion of the Yang di-Pertuan Agong to grant pardons, otherwise why do you need a Pardons Board to begin with?
Article 40(1A) stipulates that all powers of the King (including the power to grant pardons) must be exercised in accordance with the advice of the appropriate person or body of persons and he shall accept such advice. Therefore, the King had actually acted on the advice of the Royal Pardons because he no longer possessed absolute power like before 1994.
Anwar, Najib and the previous King knew that “after” the monarch exercised his power to pardon the crook, which was done under the advisement of Royal Pardons, which in turn was configured by the premier with a specific task to pardon Najib, that decision cannot be challenged in courts. It’s still unclear whether Najib had been given a full pardon, before quietly making a U-turn and changed it to 50% after public uproar.
Did you notice all along, it has been Anwar who vigorously defended Najib’s royal pardon as if he was his attorney, failing which he would twist, spin and “tai chi” to the monarch? The silence of the Sultanate of Pahang suggests that either it was following the Pardons Board’s recommendation, or had arm-twisted the board to pardon Najib, knowing very well it was illegal and unconstitutional.
Now that the ball has been passed to the new King, exactly what could Sultan Ibrahim do? If he accounces the existence of the document, pro-monarch Anwar is toast and the monarch might do the anti-monarch opposition Perikatan Nasional a favour. Worse, the Johor Sultan could plunge into a self-inflicted anti-monarch sentiment for freeing Najib, whose 1MDB scandal is still hot and burning.
But if the decision, after a meeting on Dec 9 (Monday) between Anwar and Sultan Ibrahim, is to use the new King to announce the existence of the royal addendum with the intention of silencing critics and suppressing discontent, it could backfire on both the PM and the King. If it exists, why has it been hidden since January and not executed, which had misled the High Court into believing it was purely hearsay?
On the other hand, if Sultan Ibrahim denies the existence of the document, he has to ensure the original decree will never see the light of day, which means it must be destroyed. But this also means the duplicate copy held by Najib’s son is fake and he could be prosecuted for treason, which could see a retaliation from Najib. Can you see how Anwar is tangled in his own web of lies after making a deal with the devil for power?
So, the workaround could see a cover-up of the royal decree, which was both illegal and unconstitutional anyway. The Sultan of Johor, considered the de-facto leader of the nine Malay Rulers in the country, could advise his junior brother – Sultan Abdullah – to throw Najib under the bus. In exchange, Anwar will bulldoze a house arrest law to free Najib under “bungalow detention”, and everyone goes home happily with their prizes.
Source : Finance Twitter
Sunday, 22 December 2024
1MDB, subsidiaries sue Amicorp and its founder for facilitating laundering of US$7b (RM31.85b)
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1MDB, subsidiaries sue Amicorp and its founder for facilitating laundering of US$7b (RM31.85b)
KUALA LUMPUR, Dec 23, 2024: Embattled Sovereign Wealth Fund (SWF), 1Malaysia Development Berhad (1MDB), and its subsidiaries are reported to have begun legal action against Amicorp Group and its co-founder Toine Knipping for allegedly facilitating the laundering of over US$7 billion (RM31.85 billion) in misappropriated funds.
They are seeking more than US$1 billion (RM4.5 billion) in damages from the global corporate services provider and its eight entities.
No News Is Bad News reproduces below a news report on the matter:
1MDB sues Amicorp, co-founder for alleged role in facilitating US$7bil fraud
-23 Dec 2024, 10:37 AM
The company is seeking over US$1 billion in damages from the global corporate services provider and its eight entities.
1MDB has accused Amicorp Group and its co-founder, Toine Knipping, of helping launder stolen funds through fraudulent transactions from 2009 to 2014. (AP pic)
PETALING JAYA: 1MDB and its subsidiaries have begun legal action against Amicorp Group and its co-founder Toine Knipping for allegedly facilitating the laundering of over US$7 billion (RM31.85 billion) in misappropriated funds.
Toine Knipping.
The lawsuit claims that Amicorp played a vital role in fraudulent transactions from 2009 to 2014, which resulted in the theft of funds from 1MDB.
Amicorp is accused of providing access to the global financial system through its subsidiary, Barbados-registered Amicorp Bank, allowing the repeated cycling of assets and the creation of a false paper trail to cover up the stolen funds.
The stolen money was allegedly funnelled through a global network that spanned Singapore, Barbados, Curacao, Hong Kong, and the British Virgin Islands (BVI).
“We are bringing this action to seek justice for the role we allege Amicorp played in facilitating the laundering and ultimate dissipation of billions of dollars in stolen funds,” a spokesman for the 1MDB board said in a statement.
“We allege this was achieved through the creation of structures designed to purposefully obscure the theft, and that Amicorp deliberately and knowingly created complex structures to mask the stolen monies as assets and make them difficult to trace.”
The spokesman said there was strong evidence suggesting that Amicorp, at its highest levels, was fully aware of its involvement in a “dishonest and illegal money laundering operation” designed to divert funds meant for Malaysians.
The lawsuit, filed in the BVI on Dec 20 against eight Amicorp entities and Knipping, seeks damages exceeding US$1 billion (RM4.55 billion) from the global corporate services provider.
1MDB is seeking to hold Amicorp accountable for “dishonest assistance in breaches of fiduciary duty and conspiracy to commit unlawful acts”.
The suit was taken out by Baker & Partners (BVI) Limited, Tom Smith KC of South Square Chambers, James Bailey of 7 King’s Bench Walk, and Lim Chee Wee Partnership, which acts as the global coordinating counsel for 1MDB’s asset recovery efforts.
1MDB said Amicorp had faced regulatory action and fines, including in the Netherlands, Abu Dhabi, Malta and the BVI, for compliance failures in multiple jurisdictions.
“We are confident that our claim will succeed and are committed to holding accountable the institutions and individuals involved in misappropriating money from Malaysia’s sovereign wealth fund, while ensuring the recovery and restitution of these assets back to the Malaysian people,” the spokesman added.
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