On 20th July 2016 the Kleptocracy Asset Recovery Initiative unit of the US Department of Justice (US DoJ) filed a civil case against parties who had acquired certain assets in the US using money fraudulently diverted from funds raised by 1MDB (CLICK HERE)
The persons and affiliates stated in the indictment sheet are:
1. PM Najib Tun Razak, (Malaysia Official 1).
2. Riza Shahriz Bin Abdul Aziz or Riza Aziz, Rosmah’s son and Najib’s step-son.
3. Tan Sri Ismee Ismail, ex-1MDB Executive Director (1MDB Officer 1).
4. Shahrol Azral Ibrahim Halmi, ex-1MDB CEO (1MDB Officer 2).
5. Casey Tang/Jasmine Looi, ex-1MDB General Counsel and Executive Director (1MDB Officer 3).
6. Low Taek Jho (Jho Low), 37, 1MDB investment advisor.
7. Khadem Abdulla Al Qubaisi, a Jho Low Abu Dhabi associate.
8. Mohamed Ahmed Badawy Al-Husseiny, another Jho Low Abu Dhabi associate.
From the table below, it is clear that Najib, Rosmah, Riza Aziz, Jho Low and their associates stole approximately RM15 billion of 1MDB funds raised in the US through Goldman Sachs:
It is also clear that Najib and Jho Low planned this mega fraud and looting in 2009 with Rosmah and Riza. As explained in my earlier blog post, Riza schooled with Jho Low in London. CLICK HERE.
It was Najib who handpicked Jho Low! This is referred to by the US DoJ:
Of the RM15 billion, we can account for RM8.99 billion from the US DoJ document, that Jho Low, Najib and the others pocketed and spent/invested and blew for their own benefit in the US:
1. Qubaisy – RM1.89 billion
2. Husseiny – RM270 million
3. Casey Tang/Jasmine Looi – RM20 million
4. Riza Aziz – RM952 million
5. Prince Turki/Obaid – RM18 million
6. Najib – RM2.94 billion (he has yet to explain what happened to US$620 million or RM2.48 billion transferred out to Tanore S’pore on 26 August 2013).
7. Jho Low & family RM2.88 billion:
(a) Artworks – RM940 million
(b) Properties – RM1.38 billion
(c) 22% shares in EMI – RM430 million
(d) Bombardier Jet – RM140 million
This still leaves RM 6.1 billion unaccounted for by Najib and Jho Low. He was also involved with Sarawak Chief Minister and the huge sale of UMG bank shares and other deals in London. So, the money was spread out around the globe. CLICK HERE.
It is also obvious that Jho Low is Najib and Rosmah’s nominee (front) for much of the “investments” held by him ultimately through his family trust company, Jynwel Capital incorporated in Hong Kong.
It also means that at least RM15 billion of assets shown as ‘Investments Held for Sale’ and ‘Deposits with Aabar’ etc. in 1MDB’s 2014 balance sheet, are simply not there.
I say “at least” because 1MDB raised RM42 billion in loans and if there was blatant fraud from Jho Low’s end in the USA, the chances are 100% certain that there was further fraud in Malaysia, committed by Najib and other executives in the company!
E.g. Najib, who is also the Finance Minister, Chief Secretary to MoF, Dr. Mohd Irwan Serigar Abdullah and Chief Secretary to the Government, Dr. Ali Hamsa, are hiding behind the OSA and refuse to make public exactly in what assets $4 billion borrowed by 1MDB (and later transferred to SRC) from KWAP was invested in!
Also, IPIC of Abu Dhabi is suing 1MDB for US$6.5 billion or RM26 billion owed it, which 1MDB claims it had remitted to dummy off-shore corporations set up by Jho Low, Qubaisy and Al-Husseiny!
Which is why everyone from Najib, CEO Arul, Deputy Ministers of Finance all lied that these investment were represented by (fake/non-existent) “Units”.
Which is also why in 2016, auditors Deloitte resigned after announcing that their 1MDB audited accounts for 2013 and 2014 could not be relied upon. In short, the accounts stink to high heaven of massive fraud and cover up by Najib, Serigar, Ali Hamsa, Chairman and Board of Directors, CEO (s) and top executives, past and present, at 1MDB. Deloitte was unbelievably professionally negligent and should be taken to court by the government!
Yet, in recent days Finance Minister II Johari Abdul Ghani had the cheek to say that there has been no prosecution of anyone in Malaysia over the 1MDB fiasco because, we only have half the picture! Of course, if you only have half a brain, then you can only see half the picture. CLICK HERE.
In all likelihood, 1MDB has lost in excess of RM30 billion due to internal fraud, looting and plundering, as a matter of corporate and UMNO culture.
Should anyone have expected any less, given that Dracula Najib and his government of werewolves and thieves were in charge of the blood bank?