Terengganu Investment Authority : Will Superintendent Foo Discover The "Source of the Nile"? Mesej Untuk Orang Melayu.

 Do read my comments at the end.

"inflows of money occurred in 2008 and 2009 triggered suspicious transaction alerts"

Here is some news that you have already seen or read:

Here is a video of Dr Mahathir being questioned about his knowledge about this news :

Believe me folks - from his body language this is Dr Mahathir feeling really uncomfortable with the questions being asked. Dr M avoids giving a direct answer. Kudos to the journalist who persists in asking the same question again. 'Saya tak tahu' is a legitimate answer.

Here is The Edge with the same news.

• KL (April 15): Tawfiq Ayman spotted giving his statement for three hours
• he had his statement recorded for three hours 
• It is understood he may come again next week
• statement was recorded by 1MDB IO Superintendent Foo Wei Min.
• assist police probe over 1MDB (??) funds channelled by Tawfiq/son in S'pore
• under Section 4(1)(a) of Anti Money Laundering Act 2001
• if convicted maximum fine RM5m or five years or both
• The Edge reported US$16.22m channelled into Iron Rhapsody 
• 2015/16 S'pore informed BNM  suspicious transactions re Iron Rhapsody
• Iron Rhapsody received US$16.22m (RM65.71m) from Jo Lo in 5 transactions

inflows of money occurred in 2008 and 2009 triggered suspicious transaction alerts

My comments :

Kudos to The Edge as well on some good points. 

In contrast no one has really reported why that Chinese fellow with those golds bars and millions of Ringgits in cash would beat up two Malay security guards for fasting?? Chinese fellow beat up Malay fellows because they puasa?? It is the most asinine story I have read in 24 hours.   I suspect there is more to that story as well. It is too stupid a story.

Anyway back to this story - the inflows of money occurred in 2008 and 2009 triggered suspicious transaction alert  . 

Keep this in mind folks : in 2008 / early 2009 there was no 1MDB.  At that time it was known as the Terengganu Investment Authority. So when the lady denied receiving any 1MDB money, she was absolutely right. At that time there was no 1MDB yet. 1MDB only appears later, after 2009.

The 1MDB scandal was an evolution. It actually had a much earlier beginning. It started with the Terengganu Investment Authority.

That is the "real" source of the Nile. Let me explain the Nile analogy.

At over 6650 km long the Nile River is the longest river in the world. The Nile that we know in Egypt is  after the confluence of the Blue Nile (from Ethiopia) and the White Nile (from Uganda/Burundi) in the city of Khartoum in Sudan.  Considering that the Nile is so long and has so many tributaries upriver it was difficult to determine where exactly was the real source of the Nile. People argue this point until today.

The same is going to apply to this 1MDB scandal. Keeping in mind all the news and the stories that have been reported (and cases prosecuted) the actual "1MDB fiasco" is a johnny-come-lately to the scene.  According to the sequence of events the 1MDB case appears to be the last part of a much bigger "Money Heist".  

It appears that 1MDB was preceded by SRC, Terengganu Investment Authority etc. 

So instead of just following the money, it will be more relevant to follow the people involved. Are there common people involved? I believe there must be.  

For a certainty the central character across the board has been Jo Lo. In the SRC case, in the 1MDB case, the Terengganu Investment Authority case and now this Iron Rhapsody case the same name pops up - Jo Lo.

But there is absolutely no way that JoLo could have done all this stealing

• across so many companies
• over so many years (earlier than 2008 until after 2012) and 
• over TWO Prime Ministers 

without the help of other characters who must have been common across the board.  There must be other people. So who were these people? This is what the Police must find out. 

And remember that when the Terengganu Investment Authority caper began in 2008 the Prime Minister and Finance Minister was Abdullah Badawi. Not Najib Razak. 

Here is something else : from Day 1 Goldman Sachs' involvement was to cheat and steal Malaysian taxpayers money. In the US the Goldman Sachs story is not over yet. For example this news is from just two days ago :

https://www.theedgemarkets.com/article/1mdb-scandal-senators-urge-us-labor-dept-hold-goldman-accountable-%E2%80%94-report

April 15, 2021 : US senators urge penalties on Goldman Sachs for role in 1MDB 

forfeit Goldman's rights to manage US workers’ retirement assets

Goldman's “admission of criminal wrongdoing” in “massive fraud”, final June

• Goldman bribe govt officials in M'sia, Abu Dhabi in 2012
• bribes enabled Goldman to obtain lucrative business from 1MDB
• underwriting about US$6.5 billion (about RM26.83b) bonds 
• earned Goldman Sachs more than US$600m in fees

pay US$2.7b in bribes and kickbacks

underwriting 1MDB bonds "took place beginning (2012)"

My comments : So Goldman Sachs are still paying the price (in the US) for their cheating and stealing.

Ok ini mesej untuk orang Melayu. Dengar baik-baik. 

In 2012 Goldman Sachs did not land at the airport in KLIA, check into a five star hotel in Kuala Lumpur and then decide 'I say, it looks like we can easily cheat the orang Melayu of their money'.

I dont think it works that way. These are Wall Street bankers. What does that mean? It means they can steal money from inside the bank. They dont have to use guns and weapons to rob a bank. When they want to rob banks, they do it from the inside.

So even before the Goldman Sachs fellows landed at KLIA in 2012, the plan to steal Malaysian taxpayers money must already have been put in place. I dont see it any other way.  And the 1MDB deal was so huge and so complicated. There must have been a whole team of thieves involved. 

Find out who else is responsible for bringing Goldman Sachs into the deal and you will get closer to determining who are the real culprits involved in all these dealings. There is absolutely no way that JoLo could have pulled this off all by himself.  

The views expressed are those of the writer and do not necessarily reflect those of MMKtT.