Posts Tagged ‘DOJ

04
Sep
17

No checks and balances on executive power in Malaysia

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Trump’s hosting of Malaysia’s prime minister marks another setback for the rule of law
By Josh Rogin
September 3 2017 – Washington Post

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11
Jul
17

1MDB and the conspiracy of silence

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1MDB and the conspiracy of silence
6 Jul 2017 – Aliran

09
Jul
17

Penaga folk stunned over scale of theft at 1MDB

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Penaga folk stunned over scale of theft at 1MDB
7 Jul 2017 – Malaysian Insight

09
Jul
17

PH leaders hail Dr Mahathir-Anwar pact as key to overthrowing BN

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PH leaders hail Dr Mahathir-Anwar pact as key to overthrowing BN
7 Jul 2017 – Malaysian Insight

08
Jul
17

Dr M has no objection to Anwar becoming PM

Father of modern Malaysia backs jailed former deputy in attempt to oust PM

Mahathir Mohamad says former deputy Anwar Ibrahimm, jailed on charges of sodomy, should be freed to contest election against scandal-ridden Najib

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Father of modern Malaysia backs jailed former deputy in attempt to oust PM
6 July 2017 – The Guardian

Dr M

07
Jul
17

Dr M: Only an idiot will believe I can influence the DOJ

Dr M: Only an idiot will believe I can influence the DOJ

Former prime minister Dr Mahathir Mohamad reiterated today that only an idiot will believe he can influence US Department of Justice (DOJ) to initiate civil forfeiture suits against 1MDB.

In his latest blog posting, Mahathir sardonically said that he was flattered by claims that he, a powerless man, could instruct DOJ to do something.

“If I could issue a directive to a US agency, then someone would have been arrested and charged for stealing billions of dollars long ago. Equitable punishment would have been imposed on such a person,” he said.

“Unfortunately, I, as the former prime minister of ‘toothless’ Malaysia, do not have such influence over any agency in the US, and also in Malaysia,” he said.

“Only those who are stupid will believe,” he said, adding that this showed that ‘dedak’ (bribes) given by the prime minister Najib Abdul Razak may have worked on these people.

Unlike Malaysia, which is satisfied with Prime Minister Najib Abdul Razak’s statement that an Arab national donated the RM2.6 billion to him, Mahathir said the US took stern action against those involved in money-laundering.

‘Using foreign power to interfere’

Mahathir and the opposition have been accused of using foreign power to interfere in the country’s internal affairs, soon after the DOJ filed its third forfeiture lawsuit in a US court on June 15.

The DOJ is seeking to seize more than US$1 billion in assets it said were purchased with money stolen from 1MDB. In the suit, DOJ also shed light on what happened to the US$620 million that MO1 had returned to his “donor”.

The DOJ also alleged that at least US$27.3 million was used to buy a 22-carat pink diamond pendant and necklace for “MO1’s wife”.

Attorney-General Mohamed Apandi Ali has also cleared Najib of wrongdoing in the 1MDB matter.

Minister in the Prime Minister’s Department Abdul Rahman Dahlan had confirmed that MO1 was Prime Minister Najib Abdul Razak.

Mahathir, who is also Parti Pribumi Bersatu Malaysia chairperson, said MO1’s wife and the recipients of illegal funds have yet to return misappropriated money to Malaysians, despite celebrities Leonardo DiCaprio and Miranda Kerr having returned their gifts given by controversial figure Jho Low.

“They are thick-skinned and shameless. When they were alleged to have stolen (the money), these people, including Najib and Umno leaders, just smiled,” Mahathir said.

He said Jho Low and Najib’s stepson Riza Aziz should have challeged the lawsuit filed by DOJ in the US court.

Citing a Malay proverb “berani kerana benar, takut kerana salah” (why should one be afraid if one has not faulted), he said both Riza and Low do not dare to take on the DOJ, thus they were hiding in China and in Malaysia.

Mahathir deems their moves to be admission of the DOJ’s accusations.

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Dr M: Only an idiot will believe I can influence the DOJ
5 July 2017 – malaysiakini

06
Jul
17

‘Looks like we may have hit a goldmin(e),’ Jho Low wrote to family

1MDB Update: ‘Looks like we may have hit a goldmin(e),’ Jho Low wrote to family

THE US Department of Justice filed new civil suits last week to seize assets acquired with money stolen from 1Malaysia Development Bhd, which it now says could have been as much as US$4.5 billion (RM19.2 billion).

The central figure again is Low Taek Jho, or Jho Low.

In the latest civil suits filed on June 7 and 14, the various DOJ documents show how Jho Low was involved in many of the transactions and movements of billions of dollars although he held no official role in 1MDB. It appears that the DOJ investigators have obtained numerous emails involving Jho Low.

In one email he sent to his parents, brother and sister on Sept 7, 2009, after he had met Malaysian Official 1 and the Petro Saudi International co-founders Tarek Obaid and Prince Turki on a yacht off Monaco, Jho Low wrote, “Just closed the deal with petrosaudi. Looks like we have hit a goldmin(e).”

On Sept 28, 1MDB signed up to a joint venture to invest US$1 billion with Petro Saudi. It was subsequently exposed by The Edge and others that US$700 million did not go to the JV but to Good Star Ltd, a Seychelles company that The Edge reported was controlled by Jho Low. 1MDB had insisted Good Star was owned by Petro Saudi.

According to the latest DOJ suits, despite various questions raised by the banks that handled the transfer of the US$700 million to Good Star, Jho Low, with the help of 1MDB executives identified as 1MDB Officer 1 (executive director K C Tang) and 1MDB Officer 2 (CEO Datuk Shahrol Halmi), convinced Deutsche Bank and RBS Coutts to allow the money to be transferred to Good Star.

On Oct 2, 2009, Jho Low met RBS Coutts officers and provided them with a copy of an investment management agreement between 1MDB and Good Star dated Sept 29 and signed by 1MDB Officer 1 and Good Star representative Seet Li Lin. (In an infamous post on his Facebook, Seet wrote, “I feel the earth moved under my feet”, after the money was transferred.)

The DOJ suit said: “Although RBS Coutts had unblocked the funds, employees at the bank continued to have concerns about the size of, and justification for, the US$700 million wire from a state-owned entity.”

On Oct 28, 2009, two RBS Coutts officers met Jho Low and 1MDB Officer 1 in Zurich, where the latter allegedly “confirmed the false information that (Jho Low) had provided the bank about the purpose and validity of the US$700 million transfer”.

According to the DOJ, the 1MDB board never approved any investment management with Good Star.

By early 2010, Jho Low had changed the story about the US$700 million, calling it a loan from 1MDB to Good Star. “Low provided RBS Coutts with a copy of a purported loan agreement… to retroactively recognise the US$700 million transfer as a loan.”

The DOJ suit went on to say that 1MDB Officers 1 and 2 continued to conceal and misrepresent to the board of directors the true identity of the beneficiary of the US$700 million transfer.

The latest DOJ suits confirm what The Edge Financial Daily reported on July 20, 2015: “How Jho Low and PetroSaudi cheated Malaysia of US$1.83 billion cash with help from 1MDB executives.”

We were suspended a few days later. The High Court subsequently overturned the suspension.

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1MDB Update: ‘Looks like we may have hit a goldmin(e),’ Jho Low wrote to family
June 29, 2017 – The Edge Malaysia




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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?

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