The Heist of the Century that puts Malaysia on the map of villainy.

I will tell you a story which is unbelievable.  It is the story about 1MDB. It is the story about the RM2.6 billion donation of which part of it was allegedly returned. The act of returning has created a new term in Islamic Finance. It is called Najibah. This is a singular contribution of PM Najib to the Islamic world. 

We have been lied to. The PM and his cheer on boys and girls lied to us. Now, there is no one left to lie. Perhaps they will start lying to each other. Sadly, the majority of us are the ones hoodwinked. As the saying goes, fool me once shame on you, fool me twice shame on me, fool me thrice, I am an idiot.

The PM and his screamers must take us all as idiots. We are sorry to tell him, Malaysians are not fools. No one believes the fiction about the donation. There was no donation and there was no Arab Sheikh. 

The majority of Malaysians believed all the money that got into Najib’s account, that went into the accounts of Jho Low, of Tarek Obaid, Patrick Mahony, Prince Turki, Khadem al Qubaisi, Badawy al Husseini, got into all the accounts of those who aided and abetted these people came from only one source- 1MDB.

No Arab donor, no mysterious Santa Claus- all from 1MDB.

The 1MDB issue is not finished. The wrongs, criminal offenses, money laundering, embezzlement are not erased by restoration of the monies. Crimes have been committed. They remain as crimes even when full compensation has taken place. The crime of theft remains such even when the item stolen is returned.

The issue of the RM2.6 billion donation is not closed. What is the source of the RM 2.6 billion that got into Najib’s account? Where is the proof that Najib returned RM2 billion? How was it returned? Why can’t the PM answer these questions himself?

If the Arabs said they donated RM2.6 billion to Najib, where is the proof? The money must have been sent through the banking system there; we now ask the Saudi Arabian government to furnish us documented proof showing the remittance of this donation.

Where is the missing USD4.2 billion which the Swiss AG is investigating into? Who took them?

To whom were billions of money paid to? IPIC/Aabar said they never received the money paid to Aabar PJS.  They don’t even own such a company known as Aabar PJS Ltd or Aabar BVI. Aabar BVI does not belonged to them. It belongs to Qadem al Qubaisi and Badawy Husseini.  These two Arabs stole our money.

Who took this money besides these two Arabs? USD3.5 billion. That’s RM15 billion at the exchange rate of RM4.3 to the USD. If RM4.2 billion went to Najib’s account, who the hell pocketed the remaining almost RM11 billion? Somebody stole RM11 billion. Catch the two Arabs and let them tell how they spent the USD3.5 billion.

For all we know, the money that went into Najib’s account came from this USD3.5 billion that came from 1MDB. Hence all the monies Najib got into his account originated from 1MDB.

1MDB is a story about fraud, embezzlement, money laundering, and flow of money into bogus companies. All these happened under the responsibility of the PM.

So, even if all the money embezzled is replaced, the crime of embezzlement remains. The story-line about 1MDB narrated by the PM’s cheerleaders are lies.

We can see from the beginning the creators of 1MDB wanted to run it as a personal fiefdom. For some time, the front-line general is one Shahrol Azral. He reports to the overlord Jho Low who reports to the supreme overlord- the man who occupies the seat of PM and FM. The PM reports to the FM and the PM advises the FM or vice versa.

Let us see how 1MDB is structured. I have said it before. The 3-tiered authorisation level is not designed to shield Najib from responsibility. To be fair, the 3 levels of authorisation may be seen as measures of meticulousness and diligence. But the meticulousness and thoroughness are applied to ensure no money goes out without his approval. I believe that is so.

And he has that bestial article 117 of the M&A of the company. That article confers on him absolute discretion. He is the final arbiter on the use of the money in 1MDB.

The 1MDB and the donation issues are not settled until we catch all the thieves. Let us accept at the outset that the donation is a big lie meant for the consumption of unthinking people.

I am still puzzled as to how RM2 billion of the RM2.6 donation was returned. Through the banking system? Then there must be supporting documents. BNM must come forward and show us the remittance was done in accordance to the banking laws of this country.

The other possibility was that the money was physically placed on board of several planes and then transported to the donor.

Was Najib detached throughout the wheelin' and dealin' and stealin’ of moneys in 1MDB?

The answer is no and cannot be. Every financial transaction requires his stamp of approval. And the proof of his approval is his signature, his signature carries his stamp of approval.

So, forget about the lawyer’s inclination at verbal semantics in trying to trivialise the significance and full import of a signature. We must not allow our intelligence to be insulted.

Right from the beginning, 1MDB had the intention of it being managed by a group of people anointed by the PM. The entire board of directors was kept outside. Article 117 in the M&A of either 1MDB or SRC in fact allows anybody acting through it, to bypass their respective BODs. And the BODs included representative/s from the most important shareholder- MOF’s MKD. The MKD was totally kept outside the loop at all material time about the shadowy businesses of 1MDB.

This seems to be all the familiar economic con game. Privatise profits, make public the responsibility. 1MDB which replaced TIA was already dreamt of as being a business vehicle to make private profit under the protection of public responsibility.

If anything were to go wrong, the people behind the businesses of 1MDB can fall back on the government especially the MOF to bail them out. And that is what they are going to do.

There was the thunderous announcement that 1MDB will remain as a shell company, all the assets and liabilities are transferred to the MOF. It means we are going to pay for the debt until our grandchildren beget their own grandchildren.