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Friday, April 24, 2015

Pua: No more lies from Najib on 1MDB

Malaysians will only speculate on his complicity in the RM42 billion 1MDB monster scandal.
tony pua, najib, 1MDB
KUALA LUMPUR: Tony Pua has called on Prime Minister and Finance Minister Najib Abdul Razak to stop lying and covering up for 1Malaysia Development Berhad (1MDB), wholly-owned by the Ministry of Finance and touted as a strategic investment arm. “He must stop giving protection to Jho Low by claiming that the latter has nothing to do with 1MDB, when he is clearly the villain.”
By failing to tell the truth and allowing Jho Low to continue his global jaunts, he feels that Najib will only cause Malaysians to speculate on his complicity in the entire RM42 billion 1MDB monster scandal. “It’s strange that the Finance Minister can still find it appropriate to assure Malaysians that there was nothing serious happening and we just ‘need to give time to 1MDB to develop or liquefy their assets”.
“Malaysians are being robbed blind via 1MDB, and the Prime Minister can still tell us ‘to give time to 1MDB to develop or liquefy assets’,” said the Petaling Jaya Utara MP. “Billions of dollars have been misappropriated, bank statements falsified and the mastermind exposed.”
From the information which has been exposed, pointed out Pua who is also DAP National Publicity Secretary, it was blatantly obvious that Malaysians have been brazenly robbed by Jho Low, abetted by his accomplices and conspirators, via 1MDB.
One could certainly argue that Najib was like Nero, who fiddled while Rome burned, said Pua. “While 1MDB burns in the raging fire, the Prime Minister acts with no sense of urgency to reflect the severity of the crime and crisis taking place.”
Najib being forced to instruct the Auditor-General to “verify” the 1MDB accounts signed off by Deloitte Malaysia, continued Pua, would appear to be merely a tactic to buy time as no deadline has been set for the investigations to be completed.
It is utterly surreal to see incriminating documents and emails exposed every week on how billions of ringgit have been siphoned and scammed from 1MDB, stressed Pua, and yet the Prime Minister, who is also Finance Minister, can go on national television to tell the world that “we need to give time to 1MDB to develop or liquefy their assets.”
Najib, he noted, continued to emphasize on his pre-recorded TV3 interview on 9 April 2015, that “assets obtained by 1MDB had exceeded its liability”.
“He even defended the parking of the USD1.1 billion of proceeds from the disposal of its investment in Cayman Islands in BSI Bank, Singapore.” Among his reasons, Pua pointed out, was that 1MDB “keeps the money abroad because they have debts abroad”, and that “instead of bringing the money back to Malaysia, it was better for them to keep it outside because they can earn from the forex etc”.
Such claims, said Pua, flies in the face of the evidence Malaysians have been presented on the Internet, particularly via The Sarawak Report. The whistleblower site claimed on Wednesday that the Singapore investigating authorities had received confirmation that a BSI statement of 1MDB’s subsidiary Brazen Sky Limited, which was circulated by the 1MDB top management, had been falsified. “The information has already been forwarded to the Malaysian counterparts on 13 March 2015.”
This meant that Najib must have already been aware of the fraud more than a month ago in the so-called cash and assets held under the Singapore branch of the Swiss BSI Bank, argued Pua. Under such circumstances, he asked, how can the Prime Minister tell Malaysians with a straight face on national TV that 1MDB’s assets are still worth more than its liability?
In a even bigger expose on Thursday, The Sarawak Report revealed documents showing how out of USD860 million (RM3.1 billion) which was siphoned from 1MDB to Good Star Limited via the PetroSaudi International joint venture, USD529 million (RM1.9 billion) was subsequently transferred to the Abu Dhabi Kuwait Malaysia Investment Corporation (ADKMIC) account with BSI Singapore between June 2011 and September 2013.
The Singapore authorities have since reportedly confirmed that the beneficial owner of the ADKMIC account was Jho Low.

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