1. The Government seems pleased with the settlement with Goldman Sachs.
2. But the sum to be paid to Government is nothing compared to what is due to Malaysia.
3. The total amount that should be due is USD9.6 billion. What Goldman Sachs has agreed to pay is USD2.5 billion in cash. USD1.4 billion will be based on the proceeds of the assets now with Department of Justice (DOJ) of America.
4. Now the DOJ has also undertaken to give back the asset to Malaysia as we have proven that the assets belong to us.
5. In fact, it had already returned USD620 million together with SGD50 million from proceeds of sales of assets.
6. Incidentally the settlement with Riza Aziz is also to be from the sale of assets seized by the United States (US).
7. The sale of stolen property does not go to the thief. It goes to the owner. In this ease the owner needed to pay the loans taken including the interest.
8. So actually, Goldman Sachs would be paying back only USD2.5 billion. That is very much less than what it should pay.
9. Its initial offer USD1.75 billion was ridiculous. It was objected to in favor of a settlement in the courts. It must be remembered that the money was borrowed by 1MDB. Now the Minister of Finance will have to pay the lenders. After the payments received by the Government, it will have to pay USD4.85 billion. This will be a charge basically to the tax payers.
10. I suggest the Government withdraw its agreement to accept the USD2.5 billion offered by Goldman Sachs.
KAPAL LAYAR EQUANIMITY
KAPAL LAYAR EQUANIMITY
1.Samada kapal layar Equanimity milik Malaysia atau tidak bukan soalnya. Yang menjadi masalah ialah kapal ini dimiliki oleh Low Taek Jho atau Jho Low dengan mengguna duit 1MDB. Pembelian ini adalah satu cara untuk bersihkan wang 1MDB yang Dept. of Justice, Amerika Syarikat dakwa diselewengkan (curi) oleh Jho Low.
2.Jho Low adalah sahabat karib Najib dan Rosmah. Najib adalah Penasihat berkuasa penuh syarikat milik Kerajaan 1MDB. Tidak ada keputusan boleh dibuat oleh 1MDB tanpa persetujuan Najib.
3.Ini bermakna Najib perlu tahu dan bertanggungjawab akan apa terjadi kepada wang 1MDB sebanyak 1 billion Ringgit yang diguna oleh Jho Low untuk bina/beli kapal layar Equanimity.
4.Sepatutnya Najib mengaku duit ini diberi kepada Jho Low untuk beli kapal. Jika tidak diberi oleh Najib, sebagai orang yang bertanggungjawab dalam 1MDB, Najib perlu lapor kepada polis supaya polis dapat pertolongan Interpol untuk dapat balik 1 billion Ringgit duit 1MDB. Jika dakwaan oleh Dept. of Justice, Amerika Syarikat bahawa Jho Low mencuri duit 1MDB untuk beli kapal layar bagi membersihkan duit yang dicuri, adalah tidak benar, maka Najib perlu protes kepada Dept. of Justice. Tetapi Najib tidak buat apa-apa.
5.Yang kita dengar ialah A.G. (Pendakwa Raya) menyatakan Najib tidak lakukan apa-apa kesalahan. Bolehkah Najib berdiam diri jika ada dakwaan bahawa duit 1MDB telah dicuri, sedangkan ia bertanggungjawab sepenuhnya dalam pengurusan 1MDB.
6.Di Singapura beberapa orang telah dituduh dan di penjara kerana selewengkan duit 1MDB. Beberapa bank ditutup oleh Kerajaan Singapura kerana terlibat dengan kehilangan duit 1MDB. Di Switzerland dan di Luxembourg juga terdapat tindakan terhadap penyelewengan duit 1MDB.
7.Tetapi di Malaysia kehilangan duit 1MDB, salahguna duit 1MDB, pengurusan yang tidak bertanggungjawab, pemindahan masalah dan pengurusan 1MDB kepada Kementerian Kewangan, penglibatan Perdana Menteri, laporan-laporan oleh Bank Negara, MACC dan PAC, kehilangan berbillion duit 1MDB, Jho Low, kapal Equanimity berharga 1 billion Ringgit yang didakwa dicuri dengan duit 1MDB, tindakan polis Indonesia dan FBI Amerika merampas kapal yang dimiliki Jho Low secara haram, – tidak ada tindakan yang diambil oleh polis atau Kerajaan Malaysia. Kata A.G. tidak ada salahlaku oleh Najib. Kes tutup. Empat buah negara dakwa duit 1MDB dicuri oleh Jho Low, A.G. Malaysia kata tiada apa-apa yang berlaku. Semua okay.
8.Apa jenis Kerajaan ini. Berbillion Ringgit duit Kerajaan lesap. Duit ini dipinjam. Kita kena bayar. Rakyat kena bayar. Kerajaan tak tahu apa.
9.Kerajaan bisu. Perdana Menteri bisu. Menteri bisu. Wakil Rakyat Kerajaan bisu.
10.Apakah mulut tersumbat terlalu banyak dedak yang mereka semua bisu.
11.Sudah sampai masanya Malaysia tukar Kerajaan. Sudah sampai masanya Kerajaan baru dipilih untuk siasat segala-gala yang tidak disiasat oleh Najib dan A.G. jinaknya.
NAJIB'S BROADSIDE
IN an article published by Malaysiakini here on 30th Oct, 2017 titled “Najib launches into lengthy broadside against Dr M at dinner event” the PM made remarks which most believe is directed at me. I am reproducing Malaysiakini’s article below and my responses in bold. Malaysiakini reports Najib’s lengthiest broadsides against me though not by name.
He did this in a keynote address, titled “Governance in a Developing Democracy”, at a dinner organised by the United Nations Association Malaysia (UNAM) in Kuala Lumpur. The Prime Minister in his speech lamented what he termed to be the “epidemic of fake news”.
Dr M: What fake news! If they are fake prove that the Dept of Justice, America’s report about purchases of residence in UK and US, Wolf of Wall Street film, purchases of paintings, pink diamonds did not happen, that USD 3.5 billion of Riza’s money came from his family, that 1MDB money did not pass through Singapore banks as reported by officials, that USD 681 million was not in his account at AmBank, that Jho Low is not the recipient of 1MDB money.” Don’t just deny. Don’t ignore. Give prove. All money transactions are documented. Show us the documents on all the transaction involving 1MDB money. Sue the Dept. of Justice of America, the Monetary Authority of Singapore. Let Jho Low answer questions by American authorities.
HUTANG 1MDB
1. Tiba-tiba 1MDB mengaku tidak dapat bayar hutang sebanyak USD600 million / RM2,580 billion kepada IPIC, sebuah dana pelaburan milik Abu Dhabi yang telah jamin hutang oleh 1MDB.
2. Oleh kerana 1MDB sudah diambil alih oleh Kerajaan, maka Kerajaanlah yang gagal bayar hutang.
3. Kenapa tidak?
4. Tak ada duitkah kita?
DOJ DAN SAYA
1. Saya bangga kerana ada orang yang menyatakan saya boleh arah Department of Justice Amerika Syarikat membuat sesuatu. Jika saya dapat arah sebuah agensi Kerajaan Amerika Syarikat, lama sudah sipolan-sipolan ditangkap dan dituduh mencuri berbilion dolar Amerika. Dah lama sudah hukuman yang setimpal dikenakan kepada sipolan itu.
2. Malangnya saya sebagai bekas Perdana Menteri Malaysia yang tidak ada gigi tidak mempunyai apa-apa pengaruh, jauh sekali berkuasa mengarah mana-mana agensi Kerajaan Amerika Syarikat, bahkan agensi Kerajaan Malaysia pun.
1MDB WITHIN AND OUTSIDE THE COUNTRY
1. In Singapore the Straits Times reports that MAS (Monetary Authority of Singapore) slaps fines on UOB and Credit Suisse for 1MDB related transactions.
2. MAS said it completed its two-year review of banks involved in 1MDB – related transactions.
3. Previous to this, two banks were shut down and seven people were arrested, fined and jailed for involvement in criminal acts related to 1MDB.
MOVEMENTS OF MONEY
1. Money is no longer in the form of coins and currency notes. Today money may be in the form of cheques, credit cards, entries in the account books of banks, telegraphic transfers, even bit coins.
2. But whatever form that money takes, except for small amounts, all others must be recorded in writing or some form of permanent records.
3. Money in the banks may be in the form of coins, currency notes or gold. But in whatever form the value they represent must be as stated in account books. Much of the money dealt in banking transactions do not exist except in the account books of their banks. Banks may therefore lend money which they don’t have. This is necessary because there cannot be enough coins or currency notes minted for the needs of business.
1MDB MONEY
1. 1MDB is about money. It was set up as “Sovereign Wealth Fund”. But it is not. It is not because the 42 billion Ringgit was borrowed. And borrowed money cannot be regarded as wealth.
2. Money today takes many form. Originally it came as coins made of precious metal. It later is represented as currency notes, then as cheques, credit cards, debit cards and now as pin numbers.
3. Whatever form that money takes, it cannot be moved without some written records. These records may be as receipts for payment, bills, cheques and cheque stubs, entries in account books of traders and banks, records of electronic transfers etc.
HAS THERE BEEN ANY WRONGDOINGS BY NAJIB?
HAS THERE BEEN ANY WRONGDOINGS BY NAJIB?
Since the debate had been disallowed, I believe Malaysians missed the opportunity to hear Nazri Aziz explaining some of the burning questions I would have asked. These questions are based on known facts and are not wild accusations or speculations.
1. For example the Malaysian Attorney General declared that Najib was not guilty of any wrongdoings.
2. Accordingly all the reports by Bank Negara, Malaysian Anti-Corruption Commission and the Auditor General which were the bases for indicting Najib, were dismissed by him. But they were also put under the Malaysian Official Secrets Act, which means nobody can quote from them even if they had read them.
3. And Najib declares that he had done nothing wrong.
4. On the other hand the Singapore prosecutors have found
i. Yak Yew Chee, former director of Swiss bank BSI, guilty of four criminal charges related to Malaysia’s state investor 1MDB.
ii. Yvonne Seah Yew Foong, a former BSI private banker, was sentenced to two weeks jail and fined $10,000 becoming the second person convicted in Singapore’s probe into 1Malaysia Development Bhd.
iii. Former BSI banker Yeo Jiawei was jailed for 30 months for witness tampering in 1MDB scandal.
iv. Falcon Bank’s ex-Singapore branch manager, Jens Sturzenegger, jailed 28 weeks and fined S$128,000 in 1MDB related scandal.
5. Also reported by the Straits Times of Singapore is Sturzenegger’s ties with Jho Low (Low Taek Jho) a close friend of Najib, “accused around the world of being at the centre of alleged massive money laundering linked to 1MDB”.
6. Clearly Singapore finds a lot of things wrong with 1MDB funds and management. But Malaysia’s famous Attorney General declares there is nothing wrong in the operation of 1MDB money. He does not see any need for continued investigations.
7. It cannot be that 1MDB money flew on its own to Singapore into the hands of the four crooks named. Somebody in Malaysia who managed 1MDB must have sent the money to Singapore. Somebody from 1MDB must have had dealings with the crooked Singapore bankers and the banks involved. Somebody in 1MDB’s management must know about the systematic siphoning of 1MDB money, or abuses of the authority to handle it.
8. But the A.G., the Malaysian police and 1MDB executives are not interested. The whereabouts of the 1MDB money and the siphoning of a substantial amount of it by various people seems to be of no concern to Malaysian authorities. That billions of Ringgit of 1MDB money have been lost is also of no concern to Malaysian authorities, the 1MDB managers and Najib as the sole authority on 1MDB money and as Prime Minister of the country.
9. When the BMF money was lost way back in 1981 the Government set up a committee of three, headed by Tan Sri Ahmad Nordin, the Auditor General then, to investigate the management of BMF and the losses, although the money lost was not Government money. A white paper was issued and parliament debated the matter openly. The report was not placed under the Official Secrets Act.
10. Civil suits against BMF officials were initiated by the Government and extradition began to bring back Lorrain Osman.
11. The amount lost by BMF was about USD47.5 million (RM118.75 million at the exchange rate in 1980s), a piddling sum compared to the RM42 billion (42 thousand millions) involved in 1MDB scandal. Yet the Government of that time initiated action against the culprits. In the end Lorrain was jailed and others who were implicated punished or fled the country.
12. In the case of 1MDB and the loss of billions as well as the continued need to pay billions for loans raised by 1MDB, the Attorney General merely said nothing wrong was done and no more investigation needed to be made.
13. This decision by Tan Sri Dato Apandi b. Hj. Ali, the Attorney General clearly seem to be a cover-up of Najib’s involvement in the losses, the obvious possibility that the DOJ’s allegation that the RM2.6 billion ($681 million) in his bank account came from 1MDB is true.
14. Najib’s approval must be obtained for all money transactions by 1MDB, according to article 117 in 1MDB’s Articles of Association. Any loss of money by 1MDB must therefore be placed squarely on Najib’s shoulders.
15. On 3rd June 2015 Bank Negara issued a statement which include the legal provision under which the bank would trigger formal investigations. The provisions are:
i. When monies for which approvals are given are not used for the purpose indicated in the submission;
ii. When incorrect or false information are provided in the submission;
iii. Failure to comply with the conditions in the approval.
16. If any or all of these rules and regulations are breached then Bank Negara would revoke the approval.
17. The statement went on to say “with respect to 1MDB, a formal inquiry has commenced to examine any contravention of the Central Bank’s rules and legislation……”.
18. It seems that Bank Negara did carry out an inquiry on 1MDB for on 28th April 2016, the bank issued the following statement:
“Following receipt of the consent of the Attorney General today, Bank Negara Malaysia has issued a letter of administrative compound to 1MDB for failure to comply with directions issued under the Financial Services Act, 2013. This includes requirement for 1MDB to repatriate monies remitted abroad following the revocations of the three permissions granted by Bank Negara Malaysia to 1MDB in 2009, 2010 and 2011. 1MDB has also failed to submit evidence and documentation specified by the Bank to justify its liability to fully comply with the repatriation order. 1MDB has been given until 30 May 2016 to pay the compound. The payment of the compound marks the conclusion of the investigation by Bank Negara Malaysia on the contraventions to the rules and regulations of the Central Bank.”
19. Conclusion of investigation does not mean no action should be taken based on the results of the investigation.
20. In a news report on 25 May 2016 “1MDB confirms that it has today made payment in full, of the compound, in compliance with the decision of BNM”.
21. This payment of the compound means that 1MDB does not dispute the correctness of the accusations made by Bank Negara that it is guilty of wrongdoings with regard to the approval of Bank Negara for USD1.83 billion for debt management and restructuring exercises overseas.
22. Since the Attorney General had given his consent to the action taken by Bank Negara, he himself has clearly admitted that 1MDB was involved in wrongdoings with regard to the approval of Bank Negara.
23. The wrongdoings of 1MDB must be shouldered by Dato Sri Najib because they cannot be done without his approval (article 117 of 1MDB Articles of Association).
24. How then can the A.G. declare that Najib has committed no wrongdoings when he himself had given his consent to Bank Negara to issue a letter of administrative compound (fine).
25. According to the law the A.G.’s decision is final. In the courts, appeals are allowed. But alone in this country the A.G. holds indisputable authority. But the fact remains that his decision is contrary to his earlier decision to give Bank Negara consent to compound (fine) 1MDB.
BARAKAH
1. Saya amat gembira kerana dapat meringankan sedikit tekanan sara hidup penduduk Pulau Tuba, Langkawi.
2. Penduduk Pulau berkenaan tahu bahawa lawatan saya akan disusuli dengan lawatan pemimpin-pemimpin UMNO.
3. Bukanlah mereka gembira dengan lawatan orang UMNO ini. Kata mereka “menyampah”.