Ok good Saturday folks. The Americans are moving fast on all these 1MDB related stealing of money. Soon people will be going to jail - in the United States - over these 1MDB linked scandals.
That Mohamed al Husseiny guy has been arrested in Abu Dhabi and will be extradited to the US. I think he will be going to jail. Why did they arrest Husseiny first?
I think they will offer him some plea bargaining. They need him to spill the beans on the others. If he cooperates with investigators in the US they may treat him kindly. If he agrees to turn state witness, point names and name fingers (this is from Jack Sparrow) then they may not put him in jail with a thousand black guys as his roomies.
Here is the latest Wall Street Journal report on how 1MDB money was stolen and transferred to Red Granite pictures to make that movie 'The Wolf of Wall Street'.
You can read the full article here :
Investigators believe cash to make Leonardo DiCaprio film originated with 1MDB
By Bradley Hope, John R. Emshwiller And Ben Fritz
“The Wolf of Wall Street” took six years because risky R-rated project
Help arrived from unknown Red Granite Pictures
“The Wolf of Wall Street” took six years because risky R-rated project
Help arrived from unknown Red Granite Pictures
Though it made just one movie, Red Granite came up with US$100 million
Global investigators believe money diverted from 1MDB
part of wider scandal at 1MDB
1MDB set up by Najib. His stepson, Riza Aziz, chairman of Red Granite
1MDB now focus of numerous investigations at home and abroad
US$11 billion of debt it ran up (RM44 billion)
Investigators believe US$155m from 1MDB moved into Red Granite in 2012
through offshore shell companies, said people familiar with the probes.
same money trail (in) 1MDB’s dealings, supported by documents
“Wolf of Wall Street” cast of characters known for connections to Najib.
parties in Cannes and aboard a yacht
spending on rare, million-dollar movie poster
original US600,000 1955 Academy Award statuette
- FBI subpoenas to several current and former employees of Red Granite
- and to a bank and an accounting firm the company used
- according to people familiar with the subpoenas.
- 1MDB Probe Focuses on Bond Proceeds
(My comments : Now you know why Arul Kanda is leaving 1MDB. Dia sudah tahu.)
1MDB and Najib’s office didn’t respond to questions about Red Granite.
movie wasn’t distributed in Malaysia - local morality laws
Red Granite set up in 2010 by Aziz, Najib's stepson and Joey McFarland
Red Granite set up in 2010 by Aziz, Najib's stepson and Joey McFarland
The two introduced by Jho Low
Low knew Aziz from U.K., both had studied
Low Taek Jho played role in setting up 1MDB.
Aziz and McFarland worked out of L’Ermitage Beverly Hills, luxury hotel owned by Low
Aziz and McFarland worked out of L’Ermitage Beverly Hills, luxury hotel owned by Low
Red Granite threw a million-dollar beach extravaganza at the Cannes film festival
“They definitely came off as high rollers when they started,”
inexperienced McFarland overseeing dealings with filmmakers.
"..Riza—he said maybe 20 words to me,” said a producer
Jho Low made key connection: DiCaprio, introduced him to Red Granite
Red Granite unusual gift to DiCaprio: Oscar presented to Marlon Brando in 1955
acquired for around $600,000
Aziz identified main investor as Mohamed Al-Husseiny (who has now been arrested in Abu Dhabi and awaits extradition to US).
“There was no Malaysian money,” he said.
Husseiny headed Aabar Investments PJS, an arm of Abu Dhabi's IPIC
Husseiny headed Aabar Investments PJS, an arm of Abu Dhabi's IPIC
1MDB reported in 2012, it sent US$1.4 billion to Aabar
Investigators believe this money never got to Aabar
went to identical named company in Virgin Islands, Aabar Investments PJS Ltd
investigators believe US$155m of this money flowed to Red Granite
Documents show three transfers to Red Granite US$60m, $45m and $50m in 2012
- US$105m booked by Red Granite as loan from Aabar Investments PJS Ltd.
- not clear to whom Red Granite could repay US$105 million loan
- Aabar Investments PJS Ltd. was liquidated last June.
millions moved to Red Granite via intermediaries, the investigators believe.
intermediaries : Telina Holdings Inc., set up by Husseiny and Khadem Qubaisi
Sources: Malaysia’s Attorney General; people familiar with investigations
Nov 2012 loan agreement from Telina Holdings - $50m to fund “. . Wolf of Wall Street.”
intermediaries : Telina Holdings Inc., set up by Husseiny and Khadem Qubaisi
Sources: Malaysia’s Attorney General; people familiar with investigations
Nov 2012 loan agreement from Telina Holdings - $50m to fund “. . Wolf of Wall Street.”
On Dec. 31, 2012, around the end of filming, many of those involved celebrated New Year’s festivities in Australia and then flew to Las Vegas on a rented jetliner in time to celebrate it again, according to people familiar with the trip, who said the celebrants included Aziz and Low, “Wolf of Wall Street” stars DiCaprio and Jonah Hill, along with singer and actor Jamie Foxx, an acquaintance of Aziz.
DiCaprio, Aziz and Low attended Brazilian World Cup on 482-foot yacht
Conclusion : The boy called home and said 'Mak, I am making a movie. Can you give me some money?'
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