Saturday, January 23, 2016

How many billions of ringgit have actually been deposited into Najib's bank account?

In another week of multiple exposés by the Sarawak Report, Malaysians are repeatedly stunned by the secret alleged excesses and extravagance of the Prime Minister.

On Wednesday, the Sarawak Report revealed that Ministry of Finance subsidiary, SRC International has generously provided with the Prime Minister, and/or his wife, Datin Seri Rosmah Mansor with corporate credit cards.

The two cards involved were a Visa card (4585 8180 0000 5496) on which RM449,000 was spent, and a Master Card (5289 4380 0003 8961), on which RM2.8 million was spent in the course of the month of August in 2014.

The total sum of approximately RM3.3 million was spent on items which included hotels, meals, jewellery purchases and other personal luxury expenditures in the South of Europe, including Italy and Monaco during the month.

Before we were able to obtain a confirmation or denial from Dato’ Seri Najib Razak, the Sarawak Report further exposed yesterday that there was another US$170 million of foreign deposit into his personal account in Ambank in 2011.

Previously, The Wall Street Journal and Sarawak Report revealed that Dato’ Seri Najib Razak received a payment of US$681 million from a “Tanore Finance” via “Falcon Private Bank” in March 2013.

This time, the payment was made by a British Virgin Island registered company, “Blackstone Asia Real Estate Partners Limited”. The name of the company parallels that of “Blackstone Real Estate Asia Partners”, which is part of the global investment fund, Blackstone Group.

However, the two companies are completely unrelated.  The former has been identified as being linked to the now infamous Low Taek Jho. The question therefore is, was there an attempted impersonation of the actual Blackstone investment fund to pretend that the US$170 million deposited was bona fide investment returns?

What’s more, the Sarawak Report has also presented evidence that Jho Low’s Blackstone also made US$472.75 million to the former Chairman of Abu Dhabi’s Aabar Investment PJS, Khadem Al-Qubaisi.  Khadem Al-Qubaisi has been inextricably involved with many of 1Malaysia Development Bhd’s (1MDB) controversial deals with Aabar and its parent, International Petroleum Investment Corporation (IPIC) before he was unceremoniously removed last year.

Dato’ Seri Najib Razak must now come clean on exactly how many unaccounted foreign deposits have been made into his Ambank account(s). The earlier exposed US$681 million has been “explained” as a “donation” from an uber-generous Middle East donor. Is the US$170 million another generous donation, this time from global philanthropist, Jho Low?

Based on an exchange rate of RM4 to the Dollar, that’s an unbelievable RM3.4 billion of “donations”. How many more billions of donations are there? Dato’ Seri Najib Razak might as well come clean instead of waiting for foreign whistle-blowers and international financial journals to expose more spellbinding details.

The Malaysian Insider also reported yesterday that the Prime Minister said in an affidavit in the defamation suit against Tun Dr Ling Liong Sik that “any usage (of the donation) is a matter between the plaintiff (Najib) and the party and has nothing to do with the defendant (Dr Ling)”.

Dato’ Seri Najib Razak could not be more wrong. The incredible sums of money deposited in your personal bank account from unaccounted sources has everything to do with every Malaysian in this country. As the No. 1 public official in the country, you are accountable to every single Malaysian and you certainly owe the country a thorough explanation on the source and origins of these mysterious funds.

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