Thursday, 3 September 2015

Double whammy for Najib Razak and 1MDB

Corruption, money laundering and misconduct in public office 
While World anti-corruption body Transparency International's chairman Jose Ugaz minced no words at the 16th International Anti-Corruption Conference in Putrajaya against Malaysian Prime Minister Najib Razak's antics following the discovery of the yet-to-be explained USD700 million in his personal bank account, the SWISS Attorney General have frozen bank accounts with "Tens of Millions of USD" linked to 1MDB. 

"The Office of the Attorney General has frozen the money held in Swiss bank accounts linked to the 1Malaysia Development Berhad, or 1MDB, on suspicions of corruption and money laundering, a spokesman said. He declined to give an exact figure for the amounts involved, but said it amounted to several tens of millions of dollars.
On Aug. 14, the OAG launched criminal proceeding against two executives of the fund as well as against other persons unknown for suspected corruption of foreign officials, misconduct in a public office and suspected money laundering." - The Wall Street Journal
We shall wait for further details as to who is/are the owner/s of those frozen accounts in the now freezing Switzerland. 

In the meantime it was reliably learned that the relevant authorities in Singapore, a banking haven closer to home, would also be taking baby steps forward in their probe into two bank accounts which were frozen by the Monetary Authority of Singapore in recent months. 

Singapore is fully aware now that the island republic's reputation as a regional financial hub is at stake since the 1MDB-linked scandal involves money laundering and high level corruption. The Swiss have moved swiftly while the Singaporeans have been dragging their feet. 

Some say the dragging was due to 'political considerations' but I think a more appropriate term could be due to the possibility of 'political blackmail'. Whatever it is it appears now that the room for political manoeuvres has shrunk tremendously in the last two weeks. 

A highly placed source confirmed that Singapore has no choice now but to proceed with the criminal case since the Swiss and most likely their Hong Kong counterparts are expected to wrap up their money laundering and corruption probe of an 'international racket' linked to 1MDB and Prime Minister Datuk Seri Najib Razak.

Stay tuned. 

P.S. I think the Prime Minister should be barred from leaving Malaysia... for his own good and to save this nation from further humiliation. Imagine if Najib is arrested in another country for some 1MDB related crime. 



18 comments:

Anonymous said...


These Swiss guys are good!

Less than 2 weeks since report made.

Chingapore wanted to hold the lanun by the ***** but I guess he's doomed there as well.

Zeti can be summoned by PAC later on BSI.

She hinted she wants to be summoned.

The end is near.

Anonymous said...

Take the case of the USD700 millions that went into Najib's personal accounts, which could be legally investigated as a case of Money Laundering. As the transactions and remittances of the loot were over the banking systems of various countries, each of these countries' laws were violated, in which case, the countries concerned can have jurisdiction over the criminal case, meaning they can put up warrant of arrest on the suspects involved of whom Najib is the main culprit. Subsequently a Red Alert can be issued by Interpol for the arrest of this criminal who dons the mantle of the PM of Malaysia.

As a former law man, I am convinced that this is a real possibility in a legal sense.

Anonymous said...

His wife and children MUST also be probed. If they own assets freeze them all to retrieve the rakyat's money.

All his stooges including party lover Jho Low must be extradited to Malaysia for questioning and charges.

Orang Kampong said...

Yup..pm must be barred frm leaving the vountry..n I dont think he wl leave..he is too afraid if he leaves...he leave for good bcos domestic environment is too risk ...myb someones else taking over the office n he is also afraid bcos its not safe travelling ..infact going ti that conference also seems not safe..so I think najib wl stay in the wifes sarong..like ostrich..only head in....well bugis warrior..walk ur talk..

Orang Kampong said...

Yup..pm must be barred frm leaving the vountry..n I dont think he wl leave..he is too afraid if he leaves...he leave for good bcos domestic environment is too risk ...myb someones else taking over the office n he is also afraid bcos its not safe travelling ..infact going ti that conference also seems not safe..so I think najib wl stay in the wifes sarong..like ostrich..only head in....well bugis warrior..walk ur talk..

Anonymous said...

Bro.,
Singapore's Lee Hsien Loong is the chief sponsor of the highly controversial "corporate lobby" Trans Pacific Partnership Agreement and without a doubt he's most determined to have Najib ratify this trade document which the Australians, New Zealanders and the Japanese are resisting. Why should we go along with the TPPA which will strongly interfere with our domestic policies?

Anonymous said...

http://www.themalaysianinsider.com/malaysia/article/swiss-freeze-millions-linked-to-1mdb

Isn't is plain silly to issue out a statement "as far as 1MDB is aware, none of the company's bank accounts has been frozen"
Is the Swiss AG that stupid and coward as ours to issue out such statements before notifying the account owner? And back home the account owner is saying they know no such thing. Or am I the silly one?

Anonymous said...

Wahai Ahli UMNO dimana letaknya amanah yang diberi oleh rakyat?

Masih nak salahkan Tun Dr M, WSJ, NYT, Asia Sentinel, SR, Clare, Justo ...

Takkan tak nampak, tak dengar, tak bau, bangkai gajah busuk yg cuba ditutup dgn nyiru

Aisehman satu DUNIA dah tahu, masih nak sembunyi dibelakang WANG dan JAWATAN ke??

Anonymous said...

I actually imagined him to do a 'Marcos' runaway very soon. The end is very near for him. To stay, he has to go to jail. When he lose his marbles soon, all those konco2 around him will abandon him for sure to save their own ass.

Anonymous said...

If this is not clear enough indictment on our hypocrisy on corruption, I don't know what is. Minister Paul & Tunku Aziz, you 2 are the our forefront "fighters" against corruption in our land, please tell how are we Malaysians to keep our head high among our international guests? Or are we to bury our head in the sand, and business as usual after the conference?

Anonymous said...

It appears for all intents and purposes, as far as the civilized world is concerned, our prime Bugis bangsawan has undergone transmutation and devolved into an international pariah politician.

Anonymous said...

Pondan bugis may still escape!!! He may join the popular animals from the movie madagascar!!!

May u rot in hell pondan bugis & all his kitchen cabinet ministers....



Lawrence Tan said...

Bank Negara submitted 1MDB investigation report to AG three weeks ago. When asked, he replied it is still being studied. May be we should wait for three months, Malaysian standard?

Anonymous said...

Sungguh tak ku faham dengan undang-undang Negara kita ni..Jelas dan sah kesalahan pengubahan wang haram..polis langsung tak mau siasat..aduhai..apalah istimewanya PM kala terang-terang melakukan kesalahan..bukannya Negara sekali terpalit..PM salah PM ke Jail lag..

Anonymous said...

Since when was his judgment, even as a normal person, much less a stature of the leader of a country, be clouded by greed? Perhaps during those days when his son-in-law went a courting his daughter, that he was blinded by those ill-gotten opulence of his soon-to-be in-laws? If that be the case, in the manner where Marcos exiled himself with Filipinos of Hawaii, then he should set sail to Kazakhstan. Good riddance.

Anonymous said...

You are speaking to madmen and even madder women minus the kencing lady....

Anonymous said...

Wonder will happen to all those who abetted the crime....start with Shahrir....our twitter King ..Ali KSN......hope the MACC and BN officials continue leaking more dovuments to international policemen.....interpol must issue red alert.....

Anonymous said...

Najib Razak is a greedy power mad arse bastard with not one concern for the well being of his country(Malaysia). Najib, who goes by the title of Datuk Seri is a money laundering cunt that has stashed away billions of dollars in his personal accounts. Najib should be tried in the International Law Courts for corruption. Soon after MH 370/MH 17 vanished, Najib Razak became a multi millionaire PM. The families of those who died on MH 17/MH 370 have not received just compensations for their losses of loved ones and Najib gets mega rich ! Odd, isn't it ? Donations, says Najib. Donations all gone into his bank accounts. Not for Malaysia.