Saturday, February 03, 2018

The first person who should be investigated for spreading the most outrageous ‘fake news’ in the country is none other than the Prime Minister himself, who claimed that the 1MDB’s monster RM42 billion debt is “not missing”

Earlier this week, Dato’ Seri Najib Razak announced that the government is looking into introducing laws to curb fake news which is a threat to political stability and public order.  The Prime Minister said the move was necessary because the people could be instigated to hate the government or commit something like uprisings due to the influence of fake news.

However, it could not have been more ironical that the biggest purveyor of fake news today is none other than the Prime Minister himself.

Yesterday, Dato’ Seri Najib defended the 1Malaysia Development Bhd’s (1MDB) RM42 billion debt, saying the money never disappeared, unlike the RM31 billion losses incurred in Bank Negara’s (BNM) foreign exchange scandal.

However, in the BNM scandal, no one was accused of pocketing the money.

However, in the case of 1MDB, the whereabouts of the RM42 billion, or a substantial portion of it is unknown and/or unverified.  In fact, if indeed Dato’ Seri Najib Razak was telling the truth, the question must be asked, why did the Cabinet classify the Auditor-General’s Report on 1MDB under the Official Secrets Act?

Or can Dato’ Seri Najib tell us where US$940 million worth of “units” is currently parked after the original custodial bank, BSI Bank was shut down?

If all monies are indeed properly accounted for in 1MDB, why is it that 1MDB has failed to produce a single audited financial statements since March 2014?  In fact, it was the missing funds highlighted by none other than the United States Department of Justice (US DOJ) which led Deloitte Malaysia to withdraw their endorsement for 1MDB’s March 2013 and 2014 accounts.  This means that 1MDB doesn’t have any properly audited financial statements for the past 6 years!

It could not be further ironical that Dato’ Seri Najib was lying through his teeth about 1MDB’s RM42 billion debt in front of 1,200 Muslim religious and village leaders who were about to depart for their holy pilgramage in Mecca.

Since the US DOJ exposed the money trail originating from 1MDB into the personal bank account of Dato’ Seri Najib, the Prime Minister has refused to confirm or deny the allegations.  The US DOJ showed how approximately US$732 million was laundered into his account with Ambank between 2011 and 2014.

The US DOJ further showed how some of these funds have been subsequently used to acquire a US$27.3 million pink diamond pendant for his wife, Datin Seri Rosmah Mansor as well as a US$250 million luxury yacht by Jho Low.

In addition, there was also the sum of US$238 million from 1MDB which found its way to Datin Seri Rosmah’s son, Riza Aziz’s company in the United States, Red Granite Capital.

The above does not yet include billions of dollars of other assets, including private jets, luxury properties all around the world and rare expensive masterpieces, which were in the process of being seized by the United States government.  These assets were deemed assets acquired via illegally laundered funds which originated from 1MDB.

Worst of all, all our questions relating to all of the above have been rejected by the Parliament Speaker so that Dato Seri Najib Razak need not be accountable to Malaysians.  It cannot be more obvious that the Prime Minister has plenty to hide.

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