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Wednesday, July 18, 2018

SHOCK EXPOSE – NAJIB’S RM2.6 BILLION ACCOUNT STRIPPED NAKED: POLITICAL BENEFICIARIES NAMED & SHAMED – AT LEAST RM470 MILLION OF STOLEN 1MDB MONEY OR AS NAJIB CLAIMS ‘FROM SAUDI DONATION’ WERE PAID TO UMNO-BN ENTITIES ALONE VIA 102 TRANSACTIONS

On July 2, the 1MDB special investigative task force announced that more than 400 bank accounts were frozen on suspicion of receiving funds allegedly originating from the state investment fund, amounting to RM1.1 billion.
These were alleged recipients of funds from the personal bank accounts of former premier Najib Abdul Razak. Part of the sum was used to support BN in the 2013 general election.
Malaysiakini, in its latest microsite, explores some of the transactions.
Since 2015, international reports have revealed various transactions involving Najib’s bank accounts amid alleged attempts by the then BN government to suppress investigations into 1MDB.
The international reports highlighted at least four of Najib’s bank accounts allegedly receiving funds purportedly misappropriated from 1MDB and SRC International.
In 2016, Australian-based ABC News also reported how some of the money from Najib’s bank accounts was spent. It alleged that apart from political purposes, the funds were also used for vacations and to acquire cars and jewellery.
Malaysiakini’s microsite focuses specifically on the political recipients involving one specific account.
It was into this account that US$681 million was deposited in 2013. The sum is colloquially referred to as “RM2.6 billion” based on the exchange rate when the deposits were first exposed by Sarawak Report and the Wall Street Journal in 2015.
Najib continues to maintain that the US$681 million was a donation from a Saudi royalty while the US Department of Justice, in its civil forfeiture suits, claimed that it originated from 1MDB.
Accounts involving SRC International Sdn Bhd are not covered in the microsite due to a gag order by the Kuala Lumpur High Court after Najib was charged with allegedly misappropriating RM42 million from the state-owned company. The former premier has denied the allegations.
In total, at least RM470 million went to various political entities through 102 transactions, excluding individuals, between April 2012 and August 2013.
Umno received the lion’s share, at RM417.4 million or 88.8 percent of the funds. The next biggest recipients were MIC at RM20.55 million, and MCA at RM16.5 million.
The money was distributed to various party chapters, wings and even a party-owned library.
Other top beneficiaries were Perak (RM25.2 million), Johor (RM27.2 million) and Kedah (RM15.8 million).
However, the bulk of the funds went to political entities at the federal level with RM275.5 million.

Nicked from 1MDB or donation?: Political hands in the cookie jar

Recap of an oft-told tale – billions flowed into Najib Abdul Razak’s personal bank accounts. The US Department of Justice (DOJ) believes the fund were misappropriated from 1MDB but Najib claims it was a donation.
The former premier claims he used a portion of the monies for the 13th general election. Malaysiakini looks at the political beneficiaries.
Click on the amount to filter transactions.
DATE
BENEFICIARY
AMOUNT (RM)

The Personalities

  • “The genesis was when I met with (then Saudi Arabia) King Abdullah. I asked him to support the (BN) government… he agreed for the support and subsequently we received letters and the money was credited… I used the money for the elections and after the elections, the money was returned.” [Read the story]
    Former prime minister Najib Abdul Razak
  • “He (Najib) in his capacity as prime minister and BN chairperson, did reveal that in that election, BN will support its component parties’ finances… I said that I have joined politics for more than 20 years and gone through five general elections, (we) have never received a single sen from BN before… When the election came, he delivered – he was able to disburse some funds.” [Read the story]
    Former MCA president Chua Soi Lek
  • “Funds were stolen under the pretence of a 1MDB investment in oil exploration… The Malaysian people were defrauded on an enormous scale (in) a scheme which tentacles reached around the world.” [Read the story]
    Former FBI deputy director Andrew McCabe
    Picture of Andrew McCabe: NY Times
  • “This publication (of cheques from Najib) by Sarawak Report is, in my view, an effort to cast aspersions on the SUPP leadership then and now, in the hope of misleading voters on current issues that are important to the people of Sarawak… I want to assure every voter that SUPP has not done anything wrong under the existing laws of our country.” [Read the story]
    Former SUPP president Peter Chin
  • “Najib never gave me a single sen… As for the money received by the party, it is normal for the BN chairperson to assist component parties to organise programmes to help the rakyat.” [Read the story]
    Upko vice-president Marcus Mojigoh
MKINI

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