And Now, Even The Arabs Are Giving Up on Najib

Abu Dhabi's International Petroleum Investment Company (IPIC) ended its financial support to 1MDB, claiming both the company and its shareholder the Ministry of Finance are "in default" over payments of more than a billion dollars. Bloomberg TV Malaysia's Cynthia Ng explains in context of 1MDB's rationalization plan.

Top 10 World TV Stations Reporting on Najib

Look like they have all made up their minds. 
You can lie to some people all the time,
you can lie to all the people some of the time,
but you can't lie to all the people all the time.

Najib's Top 5

Top 5 Najib Hall of Shame

Top 5 Scandals linked to Najib Razak

Top 5 Reasons We Reject Najib Razak

Secret Photo of 1MDB Mafia Gang Found

Scandalous Photo of Najib and 1MDB Directors Found with 2 Petro Saudi personnel.

A 2009 picture taken in a yacht in the Mediterranean after the directors finished their meeting with 2 Saudi high ranking officials. This mark the beginning of the transfers of billions into Najib's personal accounts.

It's a story of intrigue, corruption and multiple murders, stretching from the streets of Malaysia's capital Kuala Lumpur, to Switzerland, France and the US as well as Hong Kong and Singapore, all the way to Australia's doorstep.

"He said 'You know I can't talk much, he said, because my phone might be bugged'".

The money involved is astonishing.

"The person who made the gift must be extremely rich to be able to just give away US$681 million."

"The fact that it's going to the personal account of the Prime Minister is unprecedented."

And the escalating scandal is threatening to bring down Malaysia's Prime Minister.

"This charge sheet was the smoking gun."

Four Corners reporter Linton Besser investigates two sets of extraordinary allegations of bribery and corruption: one involving a massive arms deal; the other, the Malaysian sovereign wealth fund. It's a story that's made headlines around the world.

"Hello Mr Prime Minister, ABC Australia. I'm wondering if you can explain the hundreds of millions of dollars in your account?"

Linton Besser's pointed questions landed him and cameraman Louie Eroglu in serious trouble.

"I've been placed under arrest ...we are waiting for some legal advice but at the moment it looks like they intend to charge us."

On Monday night Four Corners will reveal new allegations about the staggering sums of money that have flowed into the bank accounts of Najib Razak.

And as the scandal grows, so does the crackdown on the Malaysian Government's political opponents.

"They're just threatening people now and it's very effective."

Leonardo DiCaprio - Najib's Foster Son?

Even with Leonardo DiCaprio on board, The Wolf of Wall Street – an 18-rated film about financial corruption – struggled to find the backing it needed.

It took a little known production company, Red Granite, to take the gamble on such explicit material and come up with the $100m or so needed to bring the film to cinema screens.

Now that company has been swept up in a corruption investigation amid allegations that some of the money used to make the film was laundered from a scandal-hit Malaysian firm founded by the country's prime minister.

Najib Razak, Malaysia's prime minister, is at the centre of allegations that hundreds of millions of dollars were stolen from 1Malaysia Development Berhad (1MDB), a company that has racked up debts of $7 billion since it was founded.

Global investigators believe $155 million from 1MDB moved into Red Granite in 2012 through an intricate route involving offshore shell companies, according to sources cited by The Wall Street Journal.

FBI agents have issued subpoenas to several current and former Red Granite employees and to a bank and an accounting firm the company used.

One of the company's founders is Riza Aziz, the London-educated 39-year-old step-son of Mr Najib. The company denies any wrongdoing.

“Red Granite is responding to all inquiries and cooperating fully,” a spokesman for the company, based in West Hollywood, California, told the newspaper. He said it had no reason to believe there was anything suspect about the source of its financing.

The Wolf of Wall Street is based on the life of Jordan Belfort, who in the 1990s become a wealthy stockbroker living a life filled with sex and drugs by swindling investors in a securities scam. His firm was shut down in 1995 and Belfort was sentenced to four years in prison, of which he served 22 months.

He has since made a living as a motivational speaker.

DiCaprio won the rights to his memoir in 2007 but the project was shelved by Warner Bros before Red Granite stepped in.

The film was eventually released in 2013 and nominated for five Oscars, although it won none.

Ironically, it was never shown in Malaysia, where censors demanded more than 90 cuts to comply with local morality laws.

But the success of the film elsewhere established Red Granite as a force in Hollywood and it went on to produce Daddy’s Home, with Will Ferrell and Mark Wahlberg, among others.

For his part, Mr Najib denies any wrong doing and says he is the victim of a political conspiracy. He has struggled to explain how hundreds of millions of dollars ended up in his bank account, and initially denied receiving overseas payment.

However, his government later acknowledged that Mr Najib was the recipient of $681 million, saying it was a gift from the Saudi royal family - most of which was given back - to "promote moderate Islam". That explanation is yet to be confirmed by Saudi Arabia and is widely dismissed in Malaysia as a cover story.

1MDB Arrest Made in Abu Dhabi - Najib's days as PM numbered

First 1MDB Arrest – Former Senior Fund Manager Faces US Extradition Request In Abu Dhabi EXCLUSIVE!

The first 1MDB related arrest has taken place at the request of the United States, in a move that will send shock waves and shivers through the Malaysian political establishment and also in related businesses in Hollywood and Las Vegas.

Sources close to Department of Justice officials in the United States have confirmed to Sarawak Report that the former CEO of Aabar, Mohamed Al Husseiny (top right), has been placed in detention by the authorities in Abu Dhabi, who are now processing an extradition request by the US Department of Justice, relating to charges concerning 1MDB.

Al Husseiny, who originated from Kenya, holds US citizenship, despite having moved to Abu Dhabi.

This is the first outward move in an investigation that has been ongoing in the United States and other jurisdictions for several months, into the disappearance of billions of dollars from the Malaysian development fund.

Meanwhile, Prime Minister, Najib Razak, who is the sole shareholder and signatory of the fund, has solidly denied that any wrong-doing took place.

Whilst CEO of Aabar (a subsidiary of IPIC) until July of last year, Al Husseiny was a key player in a number highly controversial deals involving 1MDB, from which billions of ringgit appear to have disappeared.

He also fronted a massive bail-out of 1MDB’s debts, in a surprise move last June. It was one of his last actions in the post, from which he was summarily dismissed the following month.

There are numerous other questions concerning the management of Aabar, where Al Husseiny was regarded as a right hand man of the ex-Chairman, the high-rolling nightclub supremo, Khadem al Qubaisi, also CEO of IPIC.

Al Qubaisi was thrown out of all his official posts some weeks earlier in April of last year and following a period under house arrest he fled to the South of France, where he has considerable property.

Sarawak Report has identified that Al Qubaisi has also been removed from a number of his private business positions over the past fortnight – in the same period IPIC has mysteriously removed all reference to a number of key subsidiaries of Aabar (which were linked to Khadem) from its websites.
US dimension

The effects of the news has already caused an apparent major loss of confidence in related businesses in the United States.

The previously burgeoning Las Vegas-based Hakkasan nightclub empire, which is owned by Al Qubaisi and fronted by its British born CEO, the Head of Mergers & Aquistions, Neil Moffit, has shown signs of panic over the past few hours, according to contacts.

Rumours circulating Las Vegas that three top executives, including Moffit, were about to jump ship have been quashed by Khadem’s New York law firm Greenberg Taurig.. for now.

However, there are equal concerns in Hollywood, where Mr Al Husseiny had revealed himself as the major investor in none other than the high-profile new movie production company Red Granite, which is owned by Najib’s step-son, Riza Aziz.

At the time of the announcement in August 2014 Sarawak Report questioned the apparent conflict of interest over a major business partner of 1MDB investing hundreds of millions in films commissioned by the shareholder’s own son.

How the former Abu Dhabi fund manager – a public servant – acquired such huge sums was another question that has gone unanswered.

Perhaps Mr Al Husseiny will be able to address these issues if he is indeed brought to the United States, as now formally requested. If so, the position of Rosmah’s son and Najib’s step-son Riza Aziz, who has been subject to much speculation over his ostentatious living and property acquisitions, might start to look somewhat precarious.

It is widely known in Hollywood that before Sarawak Report queried Red Granite’s connections to Malaysia’s public funds, Riza and his partner, Joey McFarland, had told their colleagues and connections that their funding came from Jho Low (rather than Al Husseiny).

Their blockbuster Wolf of Wall Street even carried a credit thanking Low.

Riza’s funding comes under the spotlight, just as Red Granite prepares to launch the production of its next planned Scorcese blockbuster, The General, a bio-pic of America’s hero George Washington, starring (of course) the Oscar-winning Leonardo di Caprio, a close party pal in Jho Low’s circle.

Al Husseiny’s dealings with the fugitive billionaire, his former boss Khadem Al Qubaisi, and their mutual business contact Jho Low are therefore likely to be top of the agenda during any questioning by law enforcers.

Aabar, once a wealthy investor with a US$70 million equity base, appears to have lost the bulk of its money. It has been struggling to raise sufficient lending in recent weeks on the London, largely to cover these commitments to 1MDB – the authorities in Abu Dhabi must be wondering why?

The authorities in the US are likely to be more interested in the extensive private investments made in property and businesses by these players, in particular record price breaking penthouses in New York and homes in Beverley Hills, plus the multi-million dollar investments in the Hakkasan chain managed by Moffit.

 – Sarawak Report


Authorities in three countries investigating a Malaysian government investment fund appear to be focusing on what happened to the proceeds of $3.5 billion in bonds sold by the fund in 2012, according to people familiar with the matter.

Investigators in the United Arab Emirates, Luxembourg and Switzerland are looking at the trail of cash from Malaysia to Abu Dhabi and to offshore bank accounts for a portion of the bond proceeds that appears to have gone missing, the people said.

Authorities in the U.A.E. have frozen the personal assets of and issued travel bans to two former executives of an Abu Dhabi sovereign-wealth fund that had extensive dealings with the Malaysian fund, 1Malaysia Development Bhd., known as 1MDB, the people said.

The UAE’s actions indicate authorities have moved ahead in their probe into the dealings of Khadem Al Qubaisi and Mohammed Badawy Al Husseiny, both of whom had close connections to 1MDB, the people said. Mr. Al Qubaisi is an Emirati who was the managing director of an $80 billion Abu Dhabi investment fund, International Petroleum Investment Company. Mr. Al Husseiny, an American, was chief executive of another government investment company, Aabar Investments PJS, which is owned by IPIC.

The U.A.E.’s central bank issued the asset freezes, the people said, though it isn’t clear which U.A.E. government agency is running the investigation.

Lawyers for both men and a spokesman for IPIC and Aabar declined to comment.

Separately, the Luxembourg unit of Edmond de Rothschild Group, a private bank that manages money on behalf of wealthy clients, said it is “cooperating” with a government probe into money that may have flowed from 1MDB.

The prosecutor in Luxembourg, a tiny European country that is a hub of private banking, said in a statement that its probe is focused on the movement of funds, related to two bonds 1MDB issued in 2012, through a number of accounts of “offshore” companies in Singapore, Switzerland and Luxembourg. 1MDB, in a statement, said it had not been contacted by authorities in Luxembourg.

In its statement, the Luxembourg prosecutor said its case was connected to Swiss investigations. The Swiss attorney general’s office in January said it believed money misappropriated from 1MDB could amount to $4 billion. 1MDB at the time said it had not been contacted by any foreign legal authorities on any matters relating to the company, but remains committed to fully cooperating with any investigation.

The 2012 bond sales, each for $1.75 billion, were meant to fund the purchase of power plants in Malaysia. The bonds were guaranteed by Abu Dhabi’s IPIC. After the offering, 1MDB sent a $1.4 billion collateral payment to Aabar, according to 1MDB financial statements.

Investigators in Abu Dhabi believe that money and a later transfer by 1MDB of an additional $1 billion never got to Aabar but instead went to an almost identically named company set up in the British Virgin Islands, called Aabar Investments PJS Ltd. The firm with the similar name was set up by Messrs. Al Husseiny and Al Qubaisi, according to people familiar with the matter.

The U.A.E. probe is focusing on whether Messrs. Al Qubaisi and Al Husseiny used the British Virgin Islands Aabar to funnel money from 1MDB into various accounts and companies around the world, some of them connected to Malaysians, the people said.

Executives at IPIC have been examining the activity of Messrs. Al Qubaisi and Al Husseiny since last summer, according to people familiar with the matter. U.A.E. authorities got more involved in the investigation earlier this year, spurred in part by the Swiss investigation, the people said.

The probes into the 2012 bonds are one of several strands of global investigations into 1MDB, which was set up by the Malaysian Prime Minister Najib Razak in 2009 to develop the country’s economy but has accumulated debts of $11 billion that it has struggled to repay.

Authorities in Malaysia and at least six other nations including the U.S. are investigating the fund, including the transfer of more than $1 billion into the prime minister’s bank accounts. Some of the money was used to help the ruling party during a tight national election and some was spent on personal luxury items, The Wall Street Journal reported Thursday. About $620 million was transferred back to the same shell company that sent the $681 million into the accounts in 2013. It is unclear what happened to the money that was sent back.

Mr. Najib and his supporters have maintained the money in his accounts was a legal donation from the Saudi royal family and have denied the allegations. Mohamed Apandi Ali, Malaysia’s attorney general, cleared the prime minister of wrongdoing in January.

1MDB has denied wrongdoing and pledged to assist with any investigations. The fund has said it had not paid any funds to the personal accounts of the Prime Minister.

Separately, U.S. investigators probing 1MDB have traveled to Malaysia to interview banks, including Deutsche Bank AG and J.P. Morgan Chase & Co., and ask for documents related to their interactions with 1MDB, according to people familiar with the matter. Neither is a focus of the Justice Department’s probe, they added.

Deutsche Bank, as 1MDB’s banker, was involved in sending $1 billion of the fund’s money out of the country in 2009 as part of a joint venture with a Saudi Arabian company, according to documents that form part of a probe into 1MDB by Malaysia’s auditor general. Some of the funds have gone missing, people familiar with the matter said. J.P. Morgan was the banker for 1MDB’s joint venture with the Saudi company.

Both J.P. Morgan and Deutsche declined to comment.

The U.A.E. probe, according to people familiar with the matter, is focusing on Messrs. Al Qubaisi and Al Husseiny, who, until last year, were two of 1MDB’s most important contacts in Abu Dhabi. The men are both living in the U.A.E.

Mr. Al Qubaisi was involved in the multibillion-dollar bailout of Barclays PLC during the financial crisis in 2008 as well as several high-profile deals for IPIC and Aabar, including investments in Daimler AG and Virgin Galactic LLC. - WSJ

Both men have been replaced in their positions. The men’s names disappeared earlier this week from the website of Bahrain’s First Energy Bank, where they were previously listed as board members. A spokesman for the bank declined to comment.

Mr. Al Qubaisi also resigned within the last several weeks as a director of Tasameem Real Estate Co. LLC, the personal investment company of Sheikh Mansour bin Zayed Al Nahyan, according to the people familiar with the matter. Sheikh Mansour is chairman of the Abu Dhabi sovereign-wealth fund IPIC and deputy prime minister of the U.A.E. Sheikh Mansour had declined multiple requests for comment and made no public remarks about 1MDB or the men being replaced at IPIC and Aabar.


The Najib Dilemma : Mahathir

Former premier Tun Dr Mahathir Mohamad (pic) will be the key speaker at a public talk and dialogue to give his views on the nation’s political transition since he left office in 2003.

The Centre For A Better Tomorrow (CENBET) co-president Gan Ping Sieu said: “He is expected to talk about the economy, political and social dilemma in the current lea­dership. He has been very vocal on the current administration.”

The public talk and dialogue titled “The Malaysian Dilemma” will be held on Feb 12 at Connexion@Nexus, Bangsar South City.

It is organised with cooperation from the Global Movement of Moderates (GMM), Centre for Public Policy Studies (CPPS) and the UOA Group.

Gan said civil societies, student leaders, ­diplomats and the public were invited to attend the talk, followed by a question and answer session.

GMM chief executive officer Datuk Saifuddin Abdullah said such open dialogue and discussion was timely.
“Many people are beginning to come forward and propose ideas ... we need to put our heads toget­her and think about the future of Malaysia,” said Saifuddin.

Listen to the good doctor's diagnosis and prescription. Ask him your burning questions. Limited seats available! To register, email your name, contact number and organisation to First come, first served only! Admission is free.

1MDB fund investigated by the FBI

As the FBI launches its investigation into the Malaysian 1MDB investment fund, Dr Amrita Malhi, a Malaysia expert from the University of South Australia, discusses why the fund was created, where it went wrong, and what the latest investigation might reveal.

Prostitution in Kuala Lumpur

Malaysia : Sex-Slave Raping & Selling of Girls 

A GROUP of about 10 Malaysian women aged between 20 and 30 is apparently on a "prostitution tour" around the country, earning thousands of ringgit a month, Metro Ahad reported.

Since early this year, the wo­­men had been operating through a middle person known as "Fya" on WeChat and WhatsApp.

Customers would have to go through Fya before they are introduced to the women.

Fya would "take orders" with deposits of between RM100 and RM500, depending on the "pac­kage" selected.

The service includes urutan batin (sensual massage) and sex - priced, from RM250 for an hour to RM1,500 for more than six hours.

The woman would spend the night at a specific hotel.

Fya would finalise the deal with the client, who would later be given the hotel room number.

Apparently, the women would usually stay at one place for three days before moving to another area.

Despite its discreet operation, the "prostitution tour" is highly popular among those in the know. It seems that even teenage boys seek the services.

A man, who once solicited the services of one of Fya's girls, said all transactions were done through social messaging and he never met the pimp.

"If a customer wants to join the group chat, he needs a referral from an existing member. This is their way to avoid the authorities.

"They are active. Almost every day, Fya would update the girls' location status for bookings," he said.