In March 2017, I had revealed details of RM15 billion looted from 1MDB by Najib, Rosmah and her son Riza Aziz, crony Jho Low and the Arab gang of Qubaisy, Husseiny, Prince Turki and Tarik Obaidi, assisted by other minor players. CLICK HERE.
However, details of what exactly Najib and his family had blown their share of the loot on, were not too clear then. It is only in recent months that more specific details have emerged from documents leaked by a whistleblower from MACC, to Sarawak Report and PKR MP Rafizi Ramli.
The total amount embezzled from 1MDB that we know of is about RM16 billion. See table below.
The amount stolen by Najib alone is about RM4.2 billion. This is based on information published earlier by the Wall Street Journal (WSJ) that between 2011-2015, some US$1,050,795,451.58 @ average exchange rate 4 = RM4.2 billion, had flowed through Najib’s personal bank account with AMMB!! CLICK HERE.
Many have asked why it was necessary for Najib to have the infamous RM2.6 billion (US$681 million) transferred to his bank account, and then, approximately RM2 billion (US$620 million) transferred out again in 2013.
This was necessary to “cleanse” the money that was stolen from 1MDB. Earlier, Jho Low had trouble with Deutsche Bank’s due diligence department, in transferring money raised in the USA by Goldman Sachs, to non-Government of Malaysia bank accounts. He somehow managed to bluff his way out. He could not risk it a second time. So, Najib misused his position as Finance Minister, to transfer the RM2.6 billion to his bank account and out again, as once it had been established that the source of the money was from Malaysia’s Prime Minister and Finance Minister, no one abroad would question its legitimacy. Of course, Yeti at Bank Negara closed an eye to that massive crime by Najib and Jho Low. It was wholly an exercise in international money-laundering by Najib and Jho Low!
It is now very, very clear that Najib broke every law in Malaysia, and several others in many other countries too, to buy his way to victory at the 2013 general election. The main beneficiaries of the RM4.2 billion were of course UMNO and component parties of BN. More than that, there is every probability that Najib deployed stolen money to bribe judges and enrich himself and his family. Many UMNO/BN MP’s are hiding behind the fact that the money they received and pocketed did not come directly from Najib’s bank account, but (was illegally laundered) through Party and third-party bank accounts e.g. Nazir Razak, Najib’s younger brother.
How on earth could Najib bring himself to use stolen and horribly tainted money to “donate” RM7.5 million to his mother’s Toh Puan Rahah foundation? What was the money used for by the foundation? It only goes to show that Najib has lost all sense of right and wrong in the pursuit of power.
Riza Aziz’s bank account was also used by Jho Low to launder many of his expenses.
The good news is that more and more information is emerging with each passing day.
The bad news is we still do not know exactly how much of MoF’s debt of RM 46 billion, comprising RM42 billion of bond debt and other 1MDB borrowings and RM4 billion of KWAP loan parked under SRC, is lost forever. The truth is being expertly covered-up by Najib and his civil service henchmen.
More bad news is that Najib has to come up with another RM15 billion (US$3.5 billion) by Dccember 2017 to settle 1MDB’s additional debt owed to Abu Dhabi’s IPIC, arising from the arbitration case it lost in London in April.
But have no doubt, this is the heist of the century by Najib and no one from UMNO/BN dares ask him to step down as they have, together with our top cop and the judiciary, all been hopelessly compromised (bribed). More than that, as Asia Sentinel remarked, 3 murders – Altantuya, Hussain Najadi and Kevin Morais – revolve around Najib and Rosmah.
And have no doubt, they will ALL pay for it with long stints at Bamboo River Resort!
– http://donplaypuks.blogspot.my/
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