Archive for September, 2019


ECRL and pipeline projects meant to bail out 1MDB, says Najib’s ex-aide

ECRL, two pipeline projects meant to bail out 1MDB, says Najib’s ex-aide

KUALA LUMPUR, Sept 4 — The East Coast Rail Link (ECRL), the Trans-Sabah Gas Pipeline and the Multi-Product Pipeline (MPP) that sought investments from China were proposed projects to bail out debt-riddled 1Malaysia Development Berhad (1MDB) and its former subsidiary SRC International Sdn Bhd, the High Court heard today.

Datuk Amhari Efendi Nazaruddin who formerly worked as special officer to Datuk Seri Najib Razak testified in the latter’s 1MDB trial that the ex-prime minister had made offers to the China-owned companies while clearly aware of the Malaysian sovereign investment firm’s financial woes.

“Datuk Seri Najib offered state enterprise companies to be involved in these infrastructure projects, while at the same time solving the issue of 1MDB and SRC International’s debts.

“The sentence ‘while simultaneously completely resolving 1MDB and SRC (International) debts’ clearly meant that Datuk Seri Najib intended to send the message that this cooperation would also aid 1MDB and SRC International through the bailouts of 1MDB’s debts,” Amhari said, referring to talking points of a meeting he attended in capacity as Najib’s special envoy with Chinese representatives in June 2016.

Ahmari went on a diplomatic visit to China that year together with Low Taek Jho, better known as Jho Low.

The former Najib aide said he and Low were the only representatives for Malaysia in those meetings with Chinese representatives, but added that Low did most of the talking as the conversations were in Mandarin.

Other documents presented in court today included one that Amhari said was a debt resolution plan for 1MDB and SRC International and prepared by Low titled “Action Point: China-Malaysia Economic Programme”.

ECRL, two pipeline projects meant to bail out 1MDB, says Najib’s ex-aide
4 September 2019 – Malay Mail


Only Najib and Jho Low knew ‘full picture’ of 1MDB plan

Only Najib and Jho Low knew ‘full picture’ of 1MDB plan – former aide

NAJIB TRIAL | Only then-prime minister Najib Abdul Razak and financier Jho Low had the “full picture” of manoeuvrings in relation to 1MDB dealings at the time, a former senior aide to Najib told the Kuala Lumpur High Court today.

Testifying on the third day of the 1MDB criminal trial of his former boss, Amhari Efendi Nazaruddin (above), also labelled Low a “master manipulator” when dealing with local and foreign parties, and that much of this was known to Najib.

Amhari, 43, was testifying in front of judge Collin Lawrence Sequerah on 1MDB’s joint ventures with PetroSaudi International (PSI) and Aabar Investments PJS BVI (Aabar BVI).

Reading from his witness statement, Amhari explained that he began serving as Najib’s special officer, on loan from Bank Negara Malaysia, from 2008 when the latter was still deputy prime minister.

The eight witness explained that, among others, part of his duties when Najib became premier in 2009 was to coordinate programmes related to 1MDB, under the supervision of the late Azlin Alias, then the economy division director under the Prime Minister’s Office (PMO).

Azlin was also Najib’s private secretary at the time.

“Throughout my experience dealing with Jho (Low), I found that he is smart and manipulating when dealing with officers of various levels and ranks, from Malaysia or overseas, most of which was known to Najib.

“Therefore, only Jho and Najib have the fullest picture on the manoeuvrings they were planning.

“Jho was a master manipulator and in this situation, I can now say that I was used for insincere purposes,” Amhari told the court.

It was reported that Aabar BVI was a company set up to appear as Aabar, a legitimate subsidiary of the International Petroleum Investment Company (IPIC).

Instead, Aabar BVI was controlled by rogue Aabar officials in coordination with Low (photo).

Amhari further testified that he and Azlin only knew of alleged misappropriation involving the sovereign wealth fund after media reports began surfacing from 2014, as the duo allegedly worked in “silos”.

Only Najib and Jho Low knew ‘full picture’ of 1MDB plan – former aide
3 Sept 2019 – malaysiakini


1MDB had PM’s written approval clause (Article 117) inserted before name change from TIA

Najib’s trial: 1MDB had PM’s written approval clause inserted before name change from TIA

KUALA LUMPUR, Aug 29 — The Terengganu Investment Authority (TIA) Berhad had a new clause inserted — known to effectively give the prime minister the power to have the final say — into the company’s constitution, even before it was renamed as 1Malaysia Development Berhad (1MDB), documents produced today in court confirmed.

Rafidah Yahaya, assistant company registrar of the Companies Commission of Malaysia (CCM), today confirmed more than 150 documents lodged with CCM by several companies related to Datuk Seri Najib Razak’s corruption trial over illegal funds allegedly originating from 1MDB.

Among other things, Rafidah verified TIA’s Memorandum and Articles of Association (M&A) dated February 27, 2009 — the company constitution which established the company.

Apart from the February 27, 2009 document which formed TIA and which had 116 Articles then, Rafidah went on to confirm a separate document dated September 2, 2009 which related to the insertion of clause Article 117.

Deputy public prosecutor Mohamad Mustafa P. Kunyalam had asked Rafidah to confirm the September 2, 2009 document, which he noted was an amendment to TIA’s Memorandum and Articles of Association and that “in this amendment Article 117 was inserted into 1MDB or TIA’s M&A”.

“True,” Rafidah had replied when testifying during the trial.

The witness was not asked to elaborate on Article 117, but reports have previously shown that it requires a written approval from the prime minister before 1MDB can decide on a wide range of issues.

Rafidah also confirmed a separate document dated September 4, 2009, which contained information on TIA’s change of name to become 1MDB.

The notification for TIA’s name change to be 1MDB was just days after Article 117 was inserted.

Rafidah is the seventh prosecution witness in this trial, and will resume her testimony before High Court judge Collin Lawrence Sequerah next Tuesday.

Yesterday, which was also the first day of trial, the first prosecution witness Datuk Farizah Ahmad had verified a long list of administrative positions held by Najib during his political career, including his role as deputy prime minister from 2004 until 2009.

Najib became prime minister and finance minister from April 2009 until May 2018.

In this trial, Najib is facing four counts of abusing his position for his own financial benefit totalling almost RM2.3 billion from the sovereign investment fund and the resulting 21 counts of money-laundering.

Hearing dates have already been fixed for this trial stretching from September until November 14.

About Article 117

At the start of Najib’s trial, lead prosecutor Datuk Seri Gopal Sri Ram had in reading the prosecution’s opening statement said the case involves the funds of 1MDB which was originally TIA, adding that Najib was allegedly “instrumental in changing” the name to 1MDB.

Sri Ram had also said then that Najib had allegedly caused amendments to the company’s articles “to place himself in sole control of important matters” of the company, and that he was also 1MDB board of advisers’ chairman.

“He used that position and that of prime minister and minister of finance to do certain acts and to exert influence over the board of 1MDB to carry out certain abnormal transactions with undue haste,” Sri Ram had said when outlining what the prosecution would seek to prove, adding that Najib’s ultimate aim was allegedly to obtain self-gratification.

In the Public Accounts Committee’s (PAC) report on 1MDB that was released in April 2016, the bipartisan parliamentary committee stated that Article 117 of 1MDB’s M&A outlined three categories of decisions that require the prime minister’s written permission.

The decisions includes any changes to 1MDB’s M&A, and any appointment and removal of 1MDB directors and top management, the report said.

According to the PAC report, the third category of decisions needing the PM’s written nod under Article 117 also cover any financial commitment, investments and restructuring by 1MDB.

The third category is also stated as covering “matters relating to guarantees issued by the Federal Government of Malaysia for the company’s interests, national interests, national security” or any federal government policy.

The federal government is the one that will finalise what amounts to “national interest”, “national security” or policy of the federal government, according to the PAC report’s explanation of Article 117.

In May 2016, the Finance Ministry announced that the 1MDB’s sole shareholder Minister of Finance Incorporated had agreed to fully implement the PAC report’s recommendations, including to dissolve 1MDB’s board of advisers, to remove Article 117 and change all references of “prime minister” to “minister of finance” in 1MDB’s M&A.

Najib’s trial: 1MDB had PM’s written approval clause inserted before name change from TIA
29 August 2019 – Malay Mail

The dawn of A Better Malaysia!
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Nuclear lessons for Malaysia (Part 1) (Part 2)
BN govt is directing attention to distant past and distant future, in order to distract people from present misdeeds and poor governance
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How the 1MDB Scandal Spread Across the World (WSJ)
We cannot afford ridiculously expensive RM55 Billion ECRL!
All that is necessary
for the triumph of evil
is for good men
to do nothing.

- Edmund Burke
When the people
fears their government,
there is TYRANNY;
when the government
fears the people,
there is LIBERTY.

- Thomas Jefferson
Do you hear the people sing?