NAJIB GETS SAUDI MINISTER INTO TERROR HOT SOUP: BY 'CONFIRMING' NAJIB'S BILLIONS, SAUDI ADMITS TO USING SHELL FIRMS TO FINANCE TERROR ACTIVITIES IN SE ASIA,, AUSSIE BANKS IMPLICATED

Saudi Foreign Minister Adel Al-Jubeir is reported to have said with regards the USD 681 million found in PM Najib Razak's private accounts:

"It is a genuine donation with nothing expected in return. And we are also fully aware that the attorney general of Malaysia has thoroughly investigated the matter and found no wrongdoing," Al-Jubeir said. "So, as far as we are concerned, the matter is closed."

Adel is however not the only person whose statements have been relied on to explain the donation,there is this letter from a certain "Prince Saud":

In the letter "Prince Saud" makes reference to Blackstone Real Estate Partners Asia, and states that it is a company under his control which he will use to channel funds to PM Najib. That company has been shown to be part of a scam currently investigated by authorities in a number of jurisdictions. (See Sarawak Report story below).

Adel may consider the matter closed,but his confirmation of that "donation" opens up issues on a number of regulatory fronts all over the world.

Most serious of these is his apparent admission to financing jihadi activities in South East Asia. The matter is described in the story below or at this link:

Saudi Government admits to using shell companies,tax havens, to finance Islamists in South East Asia-Wells Fargo ,Australia's ANZ ,now implicated in terrorist financing.

by Ganesh Sahathevan

In a somewhat confusing about-face Saudi foreign minister Adel al-Jubeir has confirmed Malaysian PM Najib Razak's story that some USD 681 million found in his private bank accounts is in fact a donation from the Kingdom. Malaysian Government officials had earlier claimed that the donation was part of a larger scheme of funding provided by the Saudi Government for the benefit of Muslim groups throughout the region, including Muslim separatists in Thailand and the Philippines who have been waging guerrilla warfare against the majority in those countries.

Adel al-Jubei had earlier said that the money was an investment made by a private Saudi citizen, and had nothing to do with the Saudi government. Whatever the reasons for his about-face, the Kingdom is now directly implicated in the financing of terrorism in South East Asia,as are the banks that facilitated the transfers, which include Wells Fargo, Australia's ANZ ,and its Malaysian associate AMBank.

For reference see also

Malaysian Government puts King Abdullah & Al-Sauds at center of jihadi financing in South East Asia

NEW 1MDB BOMBSHELL - Second Jho Low Company Paid Hundreds of Millions To Both Najib Razak AND Khadem Al Qubaisi - EXCLUSIVE!

Khadem signs the deal while Najib looks on – but where did all the money go from the 1MDB/Aabar “strategic partnership”?

Sarawak Report can reveal that a second Jho Low company, Blackstone Asia Real Estate Partners Limited, has paid hundreds of millions of dollars into the personal accounts of both the Malaysian Prime Minister, Najib Razak and also the ex-Chairman of Abu Dhabi’s Aabar fund, Khadem al Qubaisi.

Aabar, a subsidiary of the IPIC sovereign wealth fund, has been enmeshed in a series of highly questionable and loss making deals with the scandal-torn Malaysian development fund 1MDB, which is directly controlled by Razak, using Jho Low as his proxy.

A Sarawak Report investigation has established that Blackstone, a BVI registered company which gives an address in Singapore, has been cited as the sender of a series of enormous dollar currency payments to both men between 2011 and 2012.  Our information includes telegraphic transfer documents passed through the American banking system.

The off-shore company uses a tactic familiar to watchers of Jho Low, in that it apparently seeks to give the impression that it is associated with the US global investment giant, the Blackstone Group. However, there is no link whatsoever between the legitimate multi-national and this secretive shell company.

Jho Low and Li Lin enjoying the high life

In fact documents obtained by international investigators have ascertained that the signatory for the company is none other that Jho Low’s deputy, Seet Li Lin.  Seet also acted in the same capacity for the notorious companyGood Star Limited, which lies at the heart of the 1MDB scandal and of which Low was the sole shareholder.

The records show that before it was liquidated in early 2013, just three years after starting operations, Blackstone Asia Real Estate Partners Limited transferred well over half a billion dollars into accounts belonging to the two men. This was exactly the period when two major loss-making power purchase deals were funded through billion dollar bond issues raised under a joint guarantee by the two funds. Much of that money appears to be unaccounted for, forming a large part of 1MDB’s current debt problems.

Khadem scooped nearly half a billion dollars (RM2 bn)

Documents obtained by Sarawak Report show that four separate payments were made to Khadem Al Qubaisi’s Luxembourg account at Banque Privee Edmond de Rothschilde Europe (headquartered in Switzerland) in 2012.  The sums were enormous.

Firstly, on 29th May 2012 Blackstone Asia Real Estate Partners transfered US$158,000,000 million into Al Qubaisi’s account, held under the name of the The Vasco Trust, of which he was the sole beneficial owner.

Blackstone BVI is registered under an address in an office rental block in Singapore – 36 Robinson Road.  Documents in the possession of SR confirm Al Qubaisi is the shareholder of Vasco Trust

Three further payments on August 3rd, October 31st and December 4th comprised US$100,750,000, US$129,000,000 and US$85,000,000 respectively.  It makes for a total of just under half a billion dollars – over two billion ringgit at current exchange rates, paid from a shady BVI company into the hands of the salaried Abu Dhabi fund manager over just six months.

How did this ex-fund manager legitimately earn this sum – or was it a kickback?

Insiders have confirmed to Sarawak Report that these payments were regarded as kickbacks linked to Al Qubaisi’s involvement in 1MDB.

Tell tale connections with Good Star, Jho Low and Najib Razak

There was just one other major external transaction paid into Al Qubaisi’s Vasco account during the same financial year – US$20,750,000 was transferred from the other secret Jho Low owned company Good Star Limited on 20th February 2013.

Transfer from Good Star into the same beneficiary account belonging to Vasco at BPERE – acc no 390 610

Had there been a shortfall on the agreed Blackstone transfers, which was made up by Jho Low’s other company Good Star?

Otherwise, can the now sacked Mr Al Qubaisi explain these extraordinary secret payments into his accounts, just in the very period when Aabar and 1MDB were entering into a series of ‘joint investment’ deals from which billions have gone missing?

Payment to the Prime Minister!

There is an even more serious angle to this explosive set of discoveries.  Sarawak Report has learnt that the on-going 1MDB investigation into Najib Razak’s AmPrivate Bank accounts in KL has also established that enormous payments came in from the very same source a few months earlier.

In 2011 Blackstone Asia Real Estate Partners Limited paid a total of US$170 million into the same private account belonging to Najib Razak which later received US$680 million in 2013, as reported by Sarawak Report, along with the Wall Street Journal.

Sarawak Report has already reported there had been earlier payments, which had brought the final sum in the account to well over a billion dollars.  After the election over US$600 million was in fact sent exported back into personal accounts belonging to the Prime Minister in Singapore (now frozen) and the AmBank account closed.

Party mode – Al Qubaisi has poured hundreds of millions into buying up nightclubs in Vegas

We are now able to disclose that the first of those series of payments, totalling US$170 million came from Blackstone Asia Real Estate Partners Limited (BVI) and it was supported by the very same identical letter of guarantee provided by the bogus sheikh ‘Saud Abdulaziz Majid al-Saud’, which also backed the later US$680 million ‘donation’ via yet another off-shore BVI company, Tanore Finance Corporation, in 2013.

As we have detailed, Saud Abdulaziz Majid al-Saud has turned out not to exist and the series of identical letters provide no details of his address or credentials.

No wonder the task force investigations into 1MDB ended up querying these enormous payments as part of their remit into Malaysia’s missing development funds.

The official investigators had clearly concluded (before they were rudely shut down, arrested, sacked and in one case murdered) that these transfers into Najib’s accounts were directly linked to the disappearances of vast sums of money from the company’s accounts.

History of an impersonator company

So what of this BVI based company, which suddenly transferred so much money into the accounts of the bosses behind Aabar and 1MDB?

Blackstone Group does indeed have a subsidiary called Blackstone Real Estate Partners Asia.  However, the major global player has responded to enquiries to confirm that the almost identically named Blackstone Asia Real Estate Partners (BVI) has nothing to do with their business.

Research into the shadowy world of BVI corporations has revealed that this particular shell company was incorporated on November 1st 2010 under the name of Foreign FX Trading Limited and changed its name to Blackstone Asia Real Estate Partners on 26th May 2011:

Short lived history of a shell company used to transfer hundreds of millions of dollars

Having transferred the hundreds of millions of dollars into both Najib and Khadem Al Qubaisi’s accounts the company was put into liquidation on 30th April 2013, just before the Malaysian general election.

Time to close down this short-lived multi-million dollar operation?

Sarawak Report contends that the explanation for this series of events is that Blackstone Asia Real Estate Partners Limited (BVI) was merely another of Jho Low’s secretive vehicles for transferring money, which he habitually named to sound as if they belonged to more credible working concerns.

Other such companies which we have identified as being linked to Jho Low’s laundering activities are PetroSaudi International Limited (Seychelles); SRG (Strategic Resouces Global); Aabar Investments PJSLtd and Merryl Capital.

Najib must explain why his anonymous donor appears to be Jho Low

The same London based company, Offshore Incorporations Centre, was employed to incorporate both Good Star Limited in the Seychelles and the Blackstone bogus company in BVI.  Sarawak Report has already confirmedthat international investigators have now established that the sole shareholder of Good Star is indeed none other than Jho Low.

Prime Minister Najib must surely now address what has now become increasingly plain and obvious, which is that much of the money recorded as having gone missing from the 1MDB/Aabar joint ventures, appears to now have been traced into bank accounts belonging to the two main players in these transactions – himself and Khadem Al Qubaisi.

The facilitator in the Blackstone BVI transactions was plainly once more Jho Low, using yet another of his web of off-shore vehicles to shift the cash, before he liquidated it (like Good Star) in an attempt to obliterate the evidence. - Sarawak Report

- http://realpolitikasia.blogspot.my/