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Sunday, July 7, 2019

Annuar’s logic flawed, says PPBM man on 1MDB funds

PPBM Supreme Council member Tariq Ismail.
PETALING JAYA: A PPBM leader has called out Umno secretary-general Annuar Musa over his claim that money in the party’s frozen accounts has nothing to do with 1MDB.
Annuar had claimed this was because the funds from former Umno president Najib Razak had been used up by 2014.
PPBM Supreme Council member Tariq Ismail said Annuar’s logic was flawed.
“So, if Umno received funds in 2011, 2012 and 2013 from 1MDB and used it all in 2014, it means they are not guilty?
“Going by that logic, if a thief steals money and uses it, he is innocent?
“Annuar should do some soul searching as he is part of the gravy train of Umno leaders that were too happy to receive the alleged 1MDB money,” he told FMT.
Tariq also criticised Annuar’s definition of kleptocracy as “personal accounts but not for personal gain”.
“So, using state funds for a sovereign wealth fund to create movies and pay off Umno is not stealing but somehow an act of charity?” he asked.
Stating that Annuar was in denial and believing that Umno was really innocent, Tariq said that under money laundering laws, it does not matter whether the money has been spent or not when the account is frozen.
“As long as an account is suspected of containing illegal money, that account is liable to be frozen, regardless of whether that illegal money has been spent or otherwise at the time the account is frozen,” he said.
Annuar reportedly claimed the money in the party’s frozen accounts had nothing to do with 1MDB as the funds from Najib were used up by 2014.
“I can swear on behalf of Umno, not a single sen of the money that has been frozen in Umno’s accounts has anything to do with 1MDB,” he was reported to have said at the Kuala Terengganu Umno delegates’ meeting yesterday.
“I dare to make this statement because I have already seen the documents in detail.
“The accusation is that (Umno) received (funds) from Najib’s accounts in 2011, 2012 and 2013. By 2014, the money received from Najib’s accounts had been completely cleaned out.
“The money in 2018 is the earnings from 2016 and 2017, (it has) nothing to do with 1MDB.” - FMT

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