BOMBSHELL: WSJ STORY SUGGESTS SINGAPORE DID A DEAL WITH NAJIB TO 'RETURN' MONEY TO 1 MDB - BUT BANKER YAK SPOILED THEIR PARTY

The Wall Street Journal reported on 1 March 2016:

The attorney general (of Malaysia) said $681 million deposited to Prime Minister Najib Razak's account—identified by The Wall Street Journal last year—was a legal donation from a member of Saudi Arabia's royal family, and most was returned. The attorney general said there was nothing improper and it was time to stop scrutinizing the deposits, a notion echoed by Mr. Najib.

Investigators in two other countries, while agreeing most of the $681 million ultimately was returned, believe the money originated with a Malaysian state development fund called 1MDB that the prime minister founded, according to people familiar with the probes.

The investigators believe the money moved through a complex web of transactions in several countries and with the help of two former officials of Abu Dhabi, a Persian Gulf emirate with which 1MDB has deep ties.

The investigators are focusing on an entity they believe was a crucial conduit: a firm with a name almost identical to that of a state-owned Abu Dhabi company called Aabar Investments PJS.

It has been previously reported on this blog that Najib Razak made a number of secret lightning visits to Singapore over the Chinese New Year period this year.These clandestine visits, coming as they did after the AG declared Najib merely accepted a "donation" suggests that the trip had something to do with that "returned" money.

That foreign investigators also accept that at least some of the money was "returned" suggests that this has become the new narrative; that really , this scandal was nothing more than the Malaysian Prime Minister who is also chairman of 1 MDB inadvertently mixing up his own money with that of 1 MDB, an error which he speedily rectified by returning the money from where it came ie 1 MDB's BSI Bank accounts in Singapore.

This narrative would allow the Singapore Government to unfreeze the accounts frozen as part of its investigation into 1 MDB, and ensure that the best Malaysian Prime Minister Singapore has ever had remains in power.

Unfortunately, the court room revelations by their personal banker, Yak Yew Chee, has exposed that narrative to be nothing more than a bedtime story that even a child would find hard to believe.And then there is the matter of Arul Kanda Kandasamy........ - http://realpolitikasia.blogspot.my/