WASHINGTON : Msia’s govt-fund scandal, world’s biggest white-collar crime
connected to H’wood studio, high-end U.S. real estate and White House.
FBI looking into money (stolen) from 1MDB paid to Frank White to arrange Oval Office visit for relatives of Najib
Frank White Jr. of DuSable Capital
Frank White raised funds for Obama and Hillary
1MDB paid US$69m (RM289m) to buy out DuSable unit
investigation of payments part of inquiry into 1MDB
several countries believe US$6b (RM25b) stolen from 1MDB
Frank White and DuSable have provided info to investigators
Frank White said 1MDB dealings “to earn support for M’sia in US.”
they were aware of no allegations 1MDB was “victim of theft”
(This is a lame excuse. It is not an excuse at all. Dealing in stolen property is a crime, whether you are aware of it or not.)
U.S.-M’sia ties warmed, 2014 Obama made 1st visit to M’sia by a president in 50 years.
(Correction : Obama visited M’sia TWICE within two years. The second time he stayed here for FOUR NIGHTS ?? Possibly talking money.)
July ’16 U.S. DOJ seized US$1b assets purchased from 1MDB fraud
Frank White’s M’sian connections on display in Dec 2013 White escorted son, stepson of Najib to White House DiCaprio, Martin Scorsese accompanied them to present Obama copy of “Wolf of Wall Street”
DOJ said film funded by money stolen from 1MDB
DiCaprio declined to comment. Scorsese didn’t respond to requests.
Jho Low came up with solar-power project with cooperation of Frank White
Low said his efforts in arranging it helped Najib get closer to Obama Obama golfed with Najib in Hawaii at Christmas 2014.
Najib’s office declined to comment on power project. Low didn’t respond to comment requests.
White’s sister is married to cousin of Michelle Obama
White knew Jho Low through New York nightclub circles
in 2012 White was paid US$10m by MB Consulting, owned Jho Low’s partner part of consulting agreement Abu Dhabi partner declined to comment.
money embezzled from 1MDB sent to MB Consulting, DOJ stated without saying where it went next.
(It went next to White, then to Obama and Hillary. Thats where it went) May 2013 White formed DuSable with Shomik Dutta Shomik is White House special asst. and 2012 Obama fundraiser Shomik Dutta and Michel declined to comment.
2013 White registered DuSable as a lobbyist for 1MDB DuSable “encourage U.S. govt to provide support” for solar project in M’sia
Dec. 18, 2013 White escorted Najib family on Oval Office visit, met Obama April 2014: DuSable, 1MDB jointly develop solar project. deal done without public tender 1MDB presented to board as “g-to-g” btwn M’sia and U.S. Obama arrived in Malaysia on April 26, 2014.
4 months later, 1MDB buy out DuSable Najib signed resolution to pay DuSable US$95m for project. price renegotiated, 1MDB paid US$69 million from 1MDB/DuSable joint statement last year.
Bradley Hope at firstname.lastname@example.org Colleen McCain Nelson at email@example.com
(END) Dow Jones Newswires
My comments : Now we know why Obama visited Malaysia TWO TIMES in two years. Big money, money stolen from 1MDB had exchanged hands.
The fake solar project has not taken off. Tak jadi. Yet 1MDB “bought out” Frank White’s stake in the solar project for US$69 million or RM289 million. Najib signed the resolution to pay Frank White RM289 million.
This was the money that bought Obama’s TWO visits to Malaysia in two years. Let us see if the FBI and the US DOJ will pursue this story by the Wall Street Journal.
The US presidential election is just 24 days away. Are the Trump people too dumb to pick this up?