However, when the story broke, Zeti kept quiet and did not come forward to explain that the whole thing was her idea. Why? The why is simple. Zeti’s hands are also dirty so she kept quiet in case she also gets dragged in as one of the beneficiaries of the 1MDB money and her family’s links with Jho Low gets revealed.
NO HOLDS BARRED
Raja Petra Kamarudin
Everybody knows the story of the 1MDB scandal. But what many do not know is that Zeti Akhtar Aziz and her family are also involved with Jho Low and benefited from 1MDB. And that is the reason why she kept very quiet in 2015 when the scandal first broke. Zeti could not point fingers when her own hands are dirty.
In fact, on 28th July 2015, when the 1MDB issue first became hot news, a website called https://fromtheeleventh.wordpress.com/ came out with the story about Zeti and her family. But no one really took much notice of it because the euphoria was on Najib Tun Razak. They just wanted Najib’s head and did not care about anything else.
Zeti has not explained till today why she advised Najib to transfer the USD680 million donation from the Saudi royal family into his personal bank account and not into Umno’s bank account. The reason she gave is that if the money was transferred into Umno’s account it would complicate matters since it would involve the Registrar of Societies (RoS).
The USD680 million would need to appear in Umno’s accounts and how the money was spent would also need to be declared. And if it is declared that the money was used to finance Barisan Nasional candidates in the general election, that would be a breach of the election rules (violate the limit allowed) and the Election Commission (SPR) can disqualify every single BN candidate.
Hence Zeti advised Najib to use his personal bank account and not Umno’s bank account and avoid having to explain anything to the RoS and SPR. That would be the safest option, advised Zeti.
However, when the story broke, Zeti kept quiet and did not come forward to explain that the whole thing was her idea. Why? The why is simple. Zeti’s hands are also dirty so she kept quiet in case she also gets dragged in as one of the beneficiaries of the 1MDB money and her family’s links with Jho Low gets revealed.
An investigation revealed that Zeti and her family actually had dealings with Jho Low and had benefited from this relationship
RM25 million was seized from Zeti’s family
Another RM68 million involving Zeti’s family, which the bank said is only PART of the money
The investigation revealed that the RM68 million came from Jho Low
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The Plot Thickens. Special branch is currently investigating Governor Zeti, Datuk Shamsiah, Datuk Shamsuddin and Abdul Rahman of Bank Negara Malaysia under section 124 of the penal code.
Section 124 of the penal code carries a penalty of up to 20 years imprisonment.
It is understood that in addition to the section 124 investigation, a parallel corruption investigation will also be held implicating Zeti in a deal that involves Dato’ Tawfiq Ayman and Alif Ayman.
The investigation is two-fold but will probe those involved in the direct negotiation of water pump contracts whereby the ministry of Education awarded lucrative water contracts to a company that has several directors who are related to the Tan Sri Dr Zeti.
A major client of the Zeti linked company http://www.azair.com.my is the education ministry.
The investigation underway will probe the mishandling of Government funds and abuse of the tender process.
It is important to note that there is a financial commitment involved in the water treatment work. This is not a Not for Profit.
Dato Tawfiq Ayman is the husband of Tan Sri Dr. Zeti Akhtar Aziz who is the acting Governor of Bank Negara.
Dato Tawfiq Ayman is also under a renewed spotlight for illicit commissions received in a CIMB-Southern Bank deal where by third parties profited from stock due to the illicit handling of confidential information. There is a renewed interest in the investigation of this following the introduction of new evidence.
By virtue of the close relationship between husband and wife, Ayman has access to confidential information that has been used for his benefit in his business dealings.
In order for a bank to be sold and bought over it has to be approved by Bank Negara and the Securities Commission. What this means is that confidential information would be made available to Zeti due to her position. In the case of CIMB–Southern bank, Zeti’s husband Dato Tawfiq Ayman was a broker for the deal and was paid a handsome commission.
The finalised deal was valued at just over USD1.8 million with many analysts valuing the deal at 1.92 of book value. Whilst this is not extraordinary in it’s own sense, what is troubling is the involvement of Zeti’s husband in the deal.
1. How is possible for millions and even billions of dollars as alleged by various news portals to be moved around without the knowledge of the Governor of Bank Negara?
2. Zeti should clarify why a company controlled by her family members received lucrative water contracts from the ministry of education.
3. What was the nature of Zeti’s involvement with CIMB-Southern Bank deal? Similarly, what was Tawfiq Ayman’s involvement?
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