Category: Financial Scandals

A new division has arisen in Malaysia for the past month – between patriotic Malaysians who want to know and tangkap “MALAYSIAN OFFICIAL 1” (“MO1) mentioned 36 times and described as a mastermind and co-conspirator in the US Department of Justice (DOJ) lawsuit for US$1 billion forfeiture of assets as a result of theft, embezzlement, misappropriation and money-laundering of US$3.5 billion 1MDB funds and overnight turned Malaysia into a global kleptocracy and those who don’t care or want to know who is “MO1”.

Patriotic Malaysians who want to know and tangkap “MO1” were acting both in word and spirit of the Conference of Rulers’ statement issued ten months ago on October 6 last year representing the concern of the nine royal rulers that the government quickly conclude investigations into the 1Malaysia Development Berhad (1MDB) affair and to take “the appropriate stern action” against those implicated.

The statement by the Conference of Rulers was the first time that the sultans of the nine royal houses have commented on the 1MDB scandal which had by then dragged on for more than a year. Continue reading “Are Malaysians to live with a new division between patriotic Malaysians who want to know and tangkap “MO1” and those who don’t care or want to know who is “MO1”?”

Was #TangkapMO1 spokesperson, Anis Syafiqah Md Yusof’s cry “Whole world knows we’ve been robbed, why are we still relaxed” the subject of the Cabinet meeting today – the fifth Cabinet meeting since the US Department of Justice (DOJ) filings on July 20 for US$1 billion forfeiture of assets as a result of theft, embezzlement, misappropriation and money-laundering of US$3.5 billion 1MDB funds?

Anis had asked the police why they were not doing anything when it was clear that money was stolen from Malaysians – including students and the police – and why the police were not focusing on the robber instead of on Malaysians who want to see justice was done?

This cry that must be answered not only by the Inspector-General of Police as head of the police, but by all heads of national enforcement and investigative agencies responsible for upholding the rule of law, whether the Attorney-General, the Chief Commissioner of the Malaysian Anti-Corruption Commission, Bank Negara Governor, the Auditor-General but also by the Cabinet and the Prime Minister.

Malaysians and the world are shocked that 35 days after the unprecedented DOJ filing of the world’s single biggest lawsuit on multi-billion ringgit theft, embezzlement, misappropriation and money-laundering involving the Malaysian national sovereign wealth fund, which turned Malaysia overnight into a global kleptocracy, the Malaysian government had continued to adopt an indifferent and nonchalant stance as if the integrity and reputation of the Malaysian government and nation are of no consequence at all.

Hence, Anis’ cry, which is the cry of all patriotic Malaysians: ““Whole world knows we’ve been robbed, why are we still relaxed”! Continue reading “Was Anis’ “Whole world knows we’ve been robbed, why are we still relaxed?” cry the subject of Cabinet meeting today?”

A tantalizing story has come alive after subsiding for a year – was there a national conspiracy to topple Datuk Seri Najib Razak as Prime Minister in July last year?

Probably even more relevant questions, why and who was the “higher power” behind the revival of the story of a national conspiracy to topple Najib as Prime Minister after the passage of a year?

Those who thought the revival of the year-old story of a national conspiracy to topple Najib as Prime Minister would be a quick shot-gun affair, which would be disposed in a matter of a week or so, have been proved wrong – as it has proved to have a longer span of life. Continue reading “Who is the “higher power” behind the revival of the story of a national conspiracy to topple Najib as Prime Minister in July last year?”

M. Bakri Musa
www.bakrimusa.com
23rd August 2016

1MDB is not yet a bloated carcass (it is bloated only with debt) and already the hyenas, vultures and maggots are feasting with glee. In the wild, hyenas and vultures wait till their prey is dead, and maggots, rotting. Not these human hyenas, vultures and maggots.

Scavengers are vital in the ecosystem; they cleanse the environment of dead and decomposing bodies. In contrast, these human hyenas, vultures and maggots feasting on 1MDB are part of the rubbish. Perverse as it may seem, they have an exalted opinion of themselves. They view what they are doing–defending “Malaysian Official 1” who is related to one of the hyenas Reza Aziz–as honorable.

This 1MDB mess is humungous; it will burden Malaysians for generations. That is a grim and undeniable fact. Continue reading “The Hyenas, Vultures and Maggots of 1MDB”

by Gary Baum
The Hollywood Reporter
8/20/2016

The actor-activist says he won’t host the event at his L.A. home due to a scheduling conflict and Justin Timberlake and Jessica Biel have stepped in as hosts. The Clinton campaign denies the decision is connected to questions DiCaprio and his foundation are facing over ties to a $3 billion embezzlement scheme.

Leonardo DiCaprio abruptly has dropped out of hosting a Tuesday fundraiser for Democratic presidential nominee Hillary Clinton at his Hollywood Hills home, sources confirm to The Hollywood Reporter. The $33,400-per-guest event, part of a series of late-August fundraisers for Clinton in Los Angeles, now will be held at the nearby residence of Justin Timberlake and Jessica Biel. Continue reading “Leonardo DiCaprio Backs Out of Hillary Clinton Fundraiser”

The 1MDB global embezzlement and money-laundering scandal is a real “wonder” – turning Malaysia overnight into a global kleptocracy with more and more questions with unending international developments every passing day but without a single answer so far!

The latest contributor to this “wonder” of a 1MDB global embezzlement and money-laundering scandal is the Inspector-General of Police, Tan Sri Khalid Abu Bakar with his revelation that the Malaysian police have completed the first phase of their investigation into 1MDB, which is restricted to the five recommendations by the Public Accounts Committee (PAC) as ordered by the cabinet.

Last month, Khalid said police have recorded statements from 25 individuals into the PAC Report on 1MDB in the first phase of the investigations, and that the police would start the second phase – sending investigators overseas to obtain documents and record the testimonies of witnesses who are abroad.

Khalid said yesterday that the police are waiting for further orders from the Attorney-General’s Chambers (AGC) regarding the matter, and estimated the instructions to be issued in a week or two.

Khalid’s statement sent me back to the PAC Report on 1MDB, as I never knew that the PAC had made five recommendations for police investigation, let alone the Cabinet decision to restrict police investigation to the alleged five PAC recommendations.

Re-reading the PAC Report on 1MDB has confirmed me that my memory had not failed me, that the PAC had never made five recommendations for police investigation. Continue reading “1MDB global embezzlement and money-laundering scandal – more and more questions without a single answer so far!”

By BRADLEY HOPE
Wall Street Journal
Aug. 18, 2016

Investigators are looking into alleged fraud related to a Malaysian fund

Abu Dhabi authorities have arrested Khadem Al Qubaisi, who authorities say is a key figure in an alleged multibillion-dollar fraud related to a Malaysian sovereign-wealth fund, according to people familiar with the matter.

The arrest last week was made in relation to an Abu Dhabi investigation into fraud and corruption, which includes Mr. Qubaisi’s alleged role in the 1Malaysia Development Bhd., known as 1MDB, affair, the people said. No charges have been filed against him.

Mr. Qubaisi was previously restricted from leaving the United Arab Emirates and had his assets in the country frozen, The Wall Street Journal reported in April. Continue reading “Key Figure in 1MDB Probe Is Arrested in Abu Dhabi”

What a contrast!

The Prime Minister, Datuk Seri Najib Razak blogging on the meaning of patriotism, that it is more than just raising the Jalur Gemilang, singing the national anthem or making a pledge to adhere to the Rukun Negara principles, but involving numerous levels in patriotism, like joining of hands between Malaysians to achieve a beneficial objective for the nation; genuine help extended to others in need and the effort to protect the nation’s harmony and sovereignty, even if it required sacrificing one’s life.

On the same morning, writing on his Facebook, Najib’s former Deputy Prime Minister, Tan Sri Muhyiddin Yassin named Najib as the “rogue” codenamed as “MO1” in the US Department of Justice (DOJ)’s single largest action in the United States and the world for forfeiture of over US$1 billion assets in United States, United Kingdom and Switzerland because of US$3.5 billion embezzlement, misappropriation and money-laundering of 1MDB funds. Continue reading “Najib should walk the talk – prove he is a patriot by defending himself as Prime Minister, the government and the nation from the DOJ allegations about the largest global embezzlement and kleptocracy in the 1MDB scandal”

AMY ZIMMERMAN
The Daily Beast
08.18.16

The Oscar-winning actor’s charity and the production company behind Wolf of Wall Street have come under scrutiny for ties to a $3 billion embezzlement scandal.

When was the last time a celebrity scandal—not a body part—truly broke the internet? In the age of long lens paparazzi, 24/7 reality TV coverage and conscious uncoupling, we’ve been subsisting on cheap, disposable drama and scripted Bachelor breakups. Nobody thinks big anymore.

Surprisingly, the man to finally bring some old school Hollywood glamour back to the celebrity scandal game may be none other than the founder of the pussy posse himself, Leonardo DiCaprio. Yes, it’s come to this. Continue reading “Was Leo DiCaprio’s ‘Wolf of Wall Street’ Paid for With Stolen Money?”

By Gary Baum
The Hollywood Reporter
August 17, 2016

According to the Justice Department, certain donations to the Oscar winner’s charity came directly from a multibillion-dollar embezzlement drama in Southeast Asia.

On the evening of July 20, under a tent at a vineyard in St. Tropez brimming to his specifications with booze, billionaires and babes, Leonardo DiCaprio was preparing to host one of the glitziest charitable events of the year: the third annual fundraiser for his Leonardo DiCaprio Foundation. Earlier that same day, under far less glamorous auspices half a world away, the U.S. Department of Justice was filing a complaint with the U.S. District Court in downtown Los Angeles that suggested the recent Oscar winner is a bit player in the planet’s largest embezzlement case, totaling more than $3 billion siphoned from a Malaysian sovereign wealth fund called 1MDB.

While the complaint does not target DiCaprio — he’s referred to twice in the 136-page document and only as “Hollywood Actor 1” — the scandal shines an unfamiliar light on the charitable foundation of the most powerful actor in Hollywood thanks to the way the LDF has benefited directly from DiCaprio’s relationship with key figures in the saga. And much like the gala in St. Tropez, with its expressions of one-percenter excess ostensibly in support of saving the environment (guests helicoptering in to dine on whole sea bass after watching a short film about the dangers of overfishing), a closer look at the LDF itself raises questions about its ties to the 1MDB players as well as the lack of transparency often required (or offered in this case) for the specific structure the actor has chosen for his endeavor. Continue reading “Leonardo DiCaprio, the Malaysian Money Scandal and His “Unusual” Foundation”

After the statement by the Barisan Nasional Strategic Communications Director and Minister in the Prime Minister’s Department in charge of EPU, Datuk Seri Abdul Rahman Dahlan, that “only an idiot doesn’t know who that person was” as there is no secret who is Malaysian Official 1 (MO1) mentioned in the US Department of Justice (DOJ) civil lawsuits as everyone who has read the court documents or familiar with the issues would know who is the person being referred to, more and more Malaysians must be asking with every passing day why there are so many “idiots” in the Cabinet and UMNO.

Is the UMNO MP for Langkawi, Datuk Nawawi Ahmad an “idiot” for him to argue that “MALAYSIAN OFFICIAL 1” is the Yang di Pertuan Agong.

What would have happened if it was a leader from the national Opposition, whether PKR, DAP, AMANAH or the yet-to-be-registered BERSATU who had postulated that “MO1” was the Yang di Pertuan Agong.

Former Langkawi Wanita Umno member Anina Saadudin has filed a police report against Nawawi asking for police investigations to protect the royal institution.

Would the police investigate Nawawi and would the authorities accept his poor excuse that he had not meant to imply that “MO1” was the Yang di Pertuan Agong?

If Nawawi’s excuse was valid, why then was the need to edit his Facebook posting? Continue reading “Why are there so many idiots in the Cabinet and UMNO?”

Yesterday, I asked about the real relationship between Prime Minister Datuk Seri Najib Razak and Penang billionaire Jho Low, as to who was making use of whom in the 1MDB global scandal – Najib making use of Jho Low or Jho Low making use of Najib?

This is a question which is on the mind of every concerned Malaysian in the past two years, but despite the investigations by the various national enforcement and investigative agencies, including the high-powered Special Task Force on 1MDB (which was ignominously dissolved after the sacking of the then Attorney-General Tan Sri Gani Patail who had chaired the Special Task Force and the Deputy Prime Minister, Tan Sri Muhyiddin Yassin), Police, Bank Negara, Malaysian Anti-Corruption Commission, the Auditor-General and the Public Accounts Committee, Malaysians are no nearer to a truthful and satisfactory answer.

Will Parliament when it meets in October be able to get an answer from Najib, at least in his 2017 Budget speech?

Nobody however is optimistic that Najib would be prepared to furnish any answer and it would be easier to squeeze water from a stone. Continue reading “Who is the main beneficiary of the 1MDB scandal – Najib or Jho Low?”

Michael Peel and Simeon Kerr
Financial Times
15th August 2016

Swiss criminal authorities are probing a well-connected former top Abu Dhabi finance official over an alleged international conspiracy to embezzle money from Malaysia’s 1MDB wealth fund.

Investigators suspect Khadem al-Qubaisi, ex-head of the Emirati government’s International Petroleum Investment Company, of fraud, money laundering and corruption, according to a letter seen by the Financial Times.

Mr Qubaisi has long been regarded as close to Sheikh Mansour bin Zayed al-Nahyan, owner of Manchester City football club and brother of Sheikh Khalifa, ruler of Abu Dhabi and president of United Arab Emirates. Continue reading “Swiss probe ex-Abu Dhabi official over alleged Malaysia fund scam”

I do not know whether the police will open an investigation paper under Section 506 of the Penal Code against the Shah Alam UMNO chief Zahari Shaari, who lamented this morning that the 1MDB scandal had hit UMNO like an “atomic bomb”.

This was what the Police did the last time an “atomic bomb” reference made news two months ago during the Kuala Kangsar by-election when the PKR Secretary-General and MP for Pandan, Rafizi Ramli said that if the AMANAH candidate, nuclear physicist Ahmad Termizi Ramli, was elected in the by-election, Termizi would be asked to hurl an “atomic bomb” at Prime Minister, Datuk Seri Najib Razak in Parliament.

Police reports were lodged against Rafizi and even an UMNO Minister admonished Rafizi for joking about an “atomic bomb”, although eventually nothing came out of the hullabaloo over Rafizi’s “atomic bomb” joke.

But Rafizi was joking while Zahari was deadly serious in comparing the after-effects of the 1MDB scandal to that of an mushrooming “atomic bomb” explosion. Continue reading “It is not just UMNO but the whole Malaysian nation which had been hit by the 1MDB scandal like being blasted by an “atomic bomb”, with the crowning ignominy of being regarded worldwide as a “global kleptocracy””

I do not know whether the police will open an investigation paper under Section 506 of the Penal Code against the Shah Alam UMNO chief Zahari Shaari, who lamented this morning that the 1MDB scandal had hit UMNO like an “atomic bomb”.

This was what the Police did the last time an “atomic bomb” reference made news two months ago during the Kuala Kangsar by-election when the PKR Secretary-General and MP for Pandan, Rafizi Ramli said that if the AMANAH candidate, nuclear physicist Ahmad Termizi Ramli, was elected in the by-election, Termizi would be asked to hurl an “atomic bomb” at Prime Minister, Datuk Seri Najib Razak in Parliament.

Police reports were lodged against Rafizi and even an UMNO Minister admonished Rafizi for joking about an “atomic bomb”, although eventually nothing came out of the hullabaloo over Rafizi’s “atomic bomb” joke.

But Rafizi was joking while Zahari was deadly serious in comparing the after-effects of the 1MDB scandal to that of an mushrooming “atomic bomb” explosion. Continue reading “It is not just UMNO but the whole Malaysian nation which had been hit by the 1MDB scandal like being blasted by an “atomic bomb”, with the crowning ignominy of being regarded worldwide as a “global kleptocracy””

Minister for Rural and Regional Development, Datuk Seri Ismail Sabri Yaakob came out with a gem of a statement yesterday when he said he did not know what was going on in Malacca Chief Minister, Datuk Idris Haron’s head when the latter claimed the United States was trying to topple Prime Minister Najib Abdul Razak and the Malays.

Idris had claimed last Sunday that the US was doing this through the Department of Justice (DOJ) lawsuits related to 1MDB.

Sabri refused to comment on the alleged conspiracy, and asked journalists to ask Idris instead.

Sabri is not the only one who was bamboozled by Idris’ “conspiracy theory”, as nobody knew what Idris was blabbering about.

Which UMNO Minister or leader dare to specifically endorse Idris’ statement and talk sense instead of nonsense?

But the tragedy of Malaysia today is that Idris is not the only UMNO leader who make statements which cause everybody to wonder what was going on in the person’s head!

To be fair to Idris Haron, Malaysians are flummoxed most of the time by the statements of UMNO Ministers and leaders – as Idris Haron is the rule not the exception. Continue reading “To be fair to Idris Haron, Malaysians are flummoxed most of the time by the statements of UMNO Ministers and leaders as the Malacca Chief Minister is the rule not the exception”