Najib Razak’s personal accounts linked to 1MDB money trail


2 Jul 2015

Mohamed Badawy al-Husseiny CEO of Aabar was also Chair of Falcon Bank at the time of the multi-million dollar transactions into Najib's account and he remains a current Board Member at the Aabar/IPIC owned bank.

In a shocking development it has been learnt that investigators have traced billions of ringgit linked to the 1MDB money trail into Prime Minister Najib Razak’s personal bank accounts.

Amongst a series of key transactions it has been identified that a total of RM42 million recently flowed from a controversial company linked to 1MDB, SRC International Sdn Bhd, into the PM’s own private accounts.

These personal accounts were held clearly under the name of “Dato’Sri Mohd Najib Bin Hj Abd Razak” at AmPrivate Banking in Kuala Lumpur.

Even more sensationally, a total of US$681,999,976 (RM2.6 billion) was separately wire transferred from the Singapore branch of the Swiss Falcon private bank owned by the Abu Dhabi fund Aabar into the Prime Minister’s private AmBank account in Kuala Lumpur, on March 2013, just in advance of the calling of the General Election.

AG Abdul Gani Patail - the information is on his desk

Aabar has been connected to numerous financial transactions involving 1MDB.

The transfers from the fund’s wholly owned Falcon Bank into Najib’s AmPrivate Banking account took place just days after the signing of a so-called “strategic partnership” between Malaysia and Abu Dhabi on 12th March 2013.

This resulted in the issuing of a US$3 billion bond guaranteed by the the Malaysian Government as part of a “50 50 joint venture between 1MDB and Aabar” to develop the Tun Razak Exchange project.

However, there have been many queries since about what happened to the money; about the failure to develop the Tun Razak Exchange project and about why Aabar itself never contributed, as promised, to the so-called joint venture?

Posing at the photo shoot to promote the "RM18 billion deal" three weeks before parliament was dissolved, were the Malaysian Prime Minister Najib Razak, the CEO of 1MDB (Shahrol Halmi), the Chairman of 1MDB (Lodin Wok Kamaruddin), the Chairman of Falcon Bank and CEO of Aabar (Mohamed Badawy al-Husseiny) as well the Chairman of Aabar (Khaddem Al Qubassi) who has been closely linked to numerous deals with 1MDB and to the controversial business friend of the Prime Minister, Jho Low.

This stunning body of banking information has recently been received by a number of Malaysia’s top law enforcers, including the Attorney General.

It creates an extraordinary series of connections between 1MDB projects and the Prime Minister’s personal finances and it transforms the 1MDB investigation into a political crisis of the gravest magnitude in Malaysia.

SRC paid RM42 million to Najib Razak’s private accounts

The money taken from SRC International is a particularly shocking revelation, because this was money lent by the public pension fund KWAP and never accounted for.

Continue reading

Posted in Najib Abdul Razak, Sarawak Report | Leave a comment

Another 1MDB shocker! And the money trail leads to …

by V Shuman

QUICK TAKE: Once again, 1MDB has put Malaysia in the news! And once again, it is not positive news.

American financial daily The Wall Street Journal (WSJ) and UK-based whistleblower website Sarawak Report highlighted today on how some US$700 million (RM2.63 billion) funds from 1MDB had allegedly been deposited into the personal bank accounts of Prime Minister Najib Razak.

WSJ cited documents from a government probe, and said that the transfers were in full knowledge of Malaysian investigators.

If they are legit, this is the first time that Najib, who is under domestic pressure to step down amid various issues, has been directly connected to the embattled 1MDB, said the daily.

“The government probe documents what investigators believe to be the movement of cash among government agencies, banks and companies linked to 1MDB before it ended up in Mr Najib’s personal accounts.

“Documents reviewed by the Wall Street Journal include bank transfer forms and flow charts put together by government investigators that reflect their understanding of the path of the cash,” the report said.

The daily also spoke to a spokesman from Putrajaya, who insisted that Najib never exploited 1MDB funds for personal use.

Sarawak Report, in its part, said the funds were wire transferred to Najib’s personal account via various companies linked to 1MDB on several different occasions, including one just two months before the 2013 general election.

Nik Faisal Ariff KamilNik Faisal Ariff Kamil

According to the report, Nik Faisal Ariff Kamil – a name which had largely figured in the 1MDB controversy, has been accorded the power of attorney over Najib’s personal account.

It also claimed that the banking information was also in the possession of a number of Malaysian law enforcers, including the Attorney-General. Continue reading

Posted in Corruption, Najib Abdul Razak | Leave a comment

Church opens parking for Ramadan Bazaar

It’s viral in the social media and surprises the peninsula but it’s the norm in Borneo.


KOTA KINABALU: The decision by a Catholic Church in Kota Kinabalu, Church of St Mary Immaculate in Bukit Padang, to open its car park to visitors frequenting a nearby Ramadan bazaar, has gone viral in the social media in the peninsula.

A Facebook posting by a Daniel Doughty on the Church drew thousands of likes. “I love Sabah . . . tolerance, co-operation, understanding, unity and love is all we need. Yes, it’s here. It’s in Sabah,” he wrote.

Another surfer, Allen Jeyarajasingam, responded: “Don’t let the narrow-minded politicians (from the peninsula) ruin this.”

“Those who visit the Ramadan bazaar can park at the Church.” Continue reading

Posted in Religion, Sabah | Leave a comment

Ailing Anwar – PM wants relevant parties to act

Prime Minister Najib Abdul Razak said he has been informed on  the ill health of jailed PKR de facto leader Anwar Ibrahim condition and has ordered the relevant parties to provide necessary medical treatment.

“I take note of Anwar’s heath and I want the relevant parties to make sure he receives necessary treatment,” he said via Twitter this evening.

The premier, however, remained mum on the suggestion by Anwar’s lawyer’s that he be placed under house arrest in view of his deteoriating condition and to allow regular medical treatment.

In a press release earlier today, Anwar’s lawyers Sivarasa Rasiah and Jared Genser said their client’s  health was deteriorating rapidly because he was being denied the appropriate medical treatment. Continue reading

Posted in Anwar Ibrahim, Najib Abdul Razak | Leave a comment

Umno blogger: Muhyiddin missed chance to oust PM

Deputy Prime Minister Muhyiddin Yassin has missed a golden opportunity to unseat his boss Najib Abdul Razak, after Umno decided to postpone party elections till 2018, said an Umno blogger.

Shahbuddin Husin claimed that Muhyiddin should have made a move after a leaked video of him calling for 1MDB’s directors to be sacked went viral.

“Paired with former premier Dr Mahathir Mohamad’s (photo) attacks on Najib, the momentum for Muhyiddin to oust Najib was at its peak when the video of his speech in Janda Baik went viral a few months ago.

“At that time, besides Umno being split on the government’s handling of 1MDB, the people too hoped that something would have been done by Muhyiddin.

“But because this chance to act and be brave was let go just like that, the momentum for Muhyiddin (to boot Najib) has ended,” he wrote in his blog today. Continue reading

Posted in Dr Mahathir Mohamad, Najib Abdul Razak | Leave a comment

Clear the air on what to wear, govt told

A poster on the dress code at a government department in Putrajaya

A poster on the dress code at a government department in Putrajaya

PETALING JAYA: The Chief Secretary to the Government should issue clear directives regarding dress codes and its enforcement at government offices and agencies, said G25 coordinator Datuk Noor Farida Ariffin.

“There is no legal basis for the imposition of dress codes on the public whom they are serving.

“We agree with Tun Dr Mahathir Mohamad that dress codes should be applied to the staff of departments and agencies and not members of the public,” said Noor Farida.

On Thursday, Dr Mahathir reportedly said that dress codes were an office matter, that it was the right of an individual to wear shorts in public and should be allowed to enter government facilities like a hospital as long as they weren’t naked.

Noor Farida added that G25 felt it was inappropriate for security guards at government agencies or other places to enforce dress codes at their whims and fancy.

“If they are doing this on their own initiative from a misplaced sense of moral indignation that their religious sensibilities have been violated, they should be taken to task by their department heads.

“They should learn to respect other races and other cultures. Dresses with hemlines above the knee are perfectly respectable in non-Muslim cultures,” said Noor Farida. Continue reading

Posted in Special Interest | Leave a comment

Put off by leaders afraid to face their party members

by Cynic View

COMMENT: Umno’s split decision to postpone party polls until the next general election (which must be held by mid-2018) is telling indeed.

Yes, the party constitution allows it. And yes, two previous party presidents and prime ministers did the same. But that still does not make it right or proper for a party that practises democracy.

Thirty-one of the 190 divisions certainly think the party polls, to elect the youth, wanita, puteri and central committee officials, including vice-presidents, deputy president and president, should go on. Therein lies Umno’s dilemma.

As a democratic party, as affirmed by party chief Najib Razak when he announced the decision on Friday night, Umno should embrace dissent and healthy opposition. A party of yes-men and women will lead to ruin.

If one is confident of one’s policies, direction, conduct and leadership, there is no reason members or delegates will not give their support. Thus, regular party elections are one way for competent, responsible and accountable leaders to seek a new mandate.

If you’ve done a good job and the process is clean and proper, you win. But if you have failed in your job or is just plain incompetent, good luck. Continue reading

Posted in UMNO | Leave a comment