Catching the most powerful Pokemon - MO1 of 1MDB

Pokemon Go players can put their hunting skills to the test at the Aug 27 #TangkapMO1 rally, and try to 'catch' the most elusive creature of them all: Malaysian Official 1 (MO1).

Daily Kidnapping and Slaughtering of Kids in Malaysia

Reminder to all Malaysians, especially those in Kuala God has shown good lesson to us friend lost her daughter 1 week ago and this afternoon she was found in Bukit Kayu Hitam....police has stopped 1 lori ayam (Live Chicken Truck).....on the lorry there were 6 kids.

3 of them still too young to talk. They were injected with substance and were to be exported to Thailand where they will be killed for their organs. They were each packed in boxes and placed in the center of the lorry. The lorry was carrying chickens and the stuffed boxes are with the children  hidden and surrounded by all the chicken cages in the middle of the lorry.

Driver was a Malay man and truck owner Chinese.

Please ensure safety for our children. Do not let them wander far from you. This is Malaysia Boleh. Anything can happen to anyone.

New Law Means Najib's Men Can Kill Without Fear of Prosecution

The National Security Council Act was pushed through parliament in December by the government of Prime Minister Najib Razak, who has faced calls to resign for more than a year over an alleged corruption scandal. This act will consolidate Najib's hold on power. He is now way above the Law. 

The legislation gives the government power to declare virtual martial law in areas deemed to be under "security threat".

Critics accused Najib and his government of enacting the law, and other tough recent legislation, to ward off political and legal challenges.

"The law will definitely put fear in people planning to participate in street protests," said Wan Saiful Wan Jan, head of the Institute for Democracy and Economic Affairs, a Malaysian think tank.

"The public perception in terms of the timing of the draconian law is that Najib wants the law in order to stay in office."

The legislation allows a National Security Council headed by the prime minister to essentially suspend civil liberties in designated "security areas", giving security forces sweeping powers of search, seizure and arrest. Security forces will be immune from prosecution in case of deaths that happened in these areas.

Najib has defended the law as necessary to combat terrorism, but its passage came amid the ongoing furore over allegations that billions of dollars were stolen from a state investment fund he founded and oversaw.

"The law gives a council, headed by Razak, power to declare 'security areas' at times when they believe there is a heightened security threat," said Al Jazeera's Karishma Vyas, reporting from Kuala Lumpur.

"In these areas, police and solders have the power to search and arrest without warrants, to seize property without warrants and prevent demonstrations ...These sweeping laws have raised alarm among the opposition and rights groups who say it [the law] could be misused."

UN: Act violate human rights

The corruption scandal swirling around Najib has spawned a cross-party alliance, which includes members of his own ruling party, demanding Najib be removed and investigated.

Authorities in several countries are investigating allegations that government-owned investment fund 1Malaysia Development Berhad, or 1MDB, was looted over several years.

Najib and 1MDB deny wrongdoing.

Najib has stifled domestic pressure by cracking down on critics within his ruling party, scuttling domestic probes, and arresting whistleblowers and journalists.

The UN's human rights agency and other rights organisations have pilloried the National Security Council Act as a potentially frightening step backward.

"We are gravely concerned that ... the act may encourage human rights violations," Laurent Meillan, acting head of the UN Human Rights Office for Southeast Asia, said in a statement last week.

Last week, the US Justice Department launched a move to seize more than $1bn in assets it says were purchased with money stolen from 1MDB, including by a "high-ranking Malaysian government official", clearly referring to Najib.

The US move has heightened expectations of further anti-Najib protests in Malaysia, but there are concerns the security law could be used to prevent them.

Last August tens of thousands of people paralysed the capital Kuala Lumpur demanding he stand down.

Najib's ruling party has tightly controlled Malaysia since 1957 but increasingly faces accusations of corruption and repression.

Najib Plotting To Jail or Kill Mahathir?

The grapevine had it that Najib is seriously contemplating putting Mahathir and Anwar together in the same prison. It seems this is the only alternative left for Najib, in order to maintain his stay in power. If Mahathir can hide any wrongdoings, another Sodomy charge will come in handy once again by Najib's team. It is just a matter of finding and paying someone to sacrifice his ass for Najib.

Mahathir had been launching waves after waves of attack on Najib, accusing him of every mischief under the sun, whilst Najib is denying everything that is linked to him quite successfully so far. But there is a limit to everything, and Mahathir is getting stronger leaning on the support of the FBI and other international investigations into the corrupt practices and other crimes of Najib.

There is no way that Najib can get down from the pinnacle of power now. He, in fact, need to strengthen it further, for any lost of position at the top could mean jail terms for himself. It would have been easier to get someone to assassinate Mahathir, but the old fox is cleverer than Najib in this aspect, being the mastermind that he once was.

The earlier plan was to lure him close to the Red Shirt protesters created by Najib and his cronies, and get the red mob to silence Mahathir once and for all. But the old man was too smart for this kind of cheap tricks used often by Najib. He surrounded himself with yellow shirted followers and near to security officers and abundant of reporters, making it difficult for the Red Shirt gangsters to make that fatal move.

With Mahathir going down the path of Anwar, that is, forming a new party to unite the oppositions against Najib in the next elections, things now get easier for Najib. He is going to repeat his success on Anwar, albeit this time is on his father's good friend, Mahathir.

An opposition without Head, is no opposition, as shown in the recent Sarawak elections and the subsequent 2 by-elections.

Now, we wait for that Najib to throw out his Trump card - Sodomy!

Broad Daylight Killing becoming a daily affair in KL

This has got to be the most amazing CCTV capture of a broad daylight murder, assassination, killing ever captured in Malaysian history. Kuala Lumpur's ranking as the second most dangerous city in Asia, is now finally being justified beyond the shadow of doubt, as this is the 3rd such killings in a month.

They must have learned from the nation's corrupted leaders who believe in silencing dissidents or obstacles by sacking them or jailing them or just simply blowing them into pieces to remove evidence.

A man was shot 16 times which led to his death in a gruesome incident near Setapak Central in Kuala Lumpur on Wednesday afternoon (July 27).

At 3.35pm, the man, a 43-year-old moneylender and father of three, was driving along the road alone near the mall when four men on two motorcycles approached his car. (see video)

"They came when the victim's car was at the traffic light. One shooter went to the left and another to the right before both opened fire," said City CID chief Senior Asst Comm Rusdi Mohd Isa at a press conference at the Setapak police station.

He added that the shooter on the right of the car fired about three to four shots, while the other fired 12, and that both bikes quickly fled shortly after.

Both shooters were riding pillion.

Investigations on the body showed wounds on the head, body and legs.

The man had been en route to meet a relative nearby.

"Family members of the victim have confirmed his identity," said SAC Rusdi, adding that the police would withhold his identity from the press for now.

When asked if the shooting was gang-related, he said that "there is a possibility".

"We have early information on his background of being involved in gangs,"said SAC Rusdi.

He added that the victim had a previous arrest record in 2014 and that investigations will explore every avenue.

A post-mortem would be conducted on the body.

Wangsa Maju OCPD Supt Mohamad Roy Suhaimi Sarif asked members of the public who were present at the time of the shooting to come forward to their nearest police station with any information pertaining to the murder.

Following is the chronology of shooting cases nationwide in 2016 till this case:

Jan 25

A man was found dead with several gunshot wounds, believed to be shot from close range at Jalan Jinjang, Kuala Lumpur at 2.10pm. The victim was known as S. Surya Kumar, 41, found in a pool of blood in the driver's seat of a Mitsubishi Triton pick-up.

Feb 11

A businessman was shot dead from close range in front of a motorcycle shop at Jalan Datuk Keramat, Kuala Lumpur (3.30am). The victim, Syed Amen Jainul Abdin who was the owner of a nasi kandar restaurant and a car wash shop was found dead in the car he was driving.

Feb 28

A 45-year old security guard died while a lorry driver suffered severe injuries after being shot by a suspect riding a motorcyle in a 4am incident in front of a petrol station in Jalan Semenyih, Kajang.

Mac 25

A bodyguard of a businessman suffered severe injuries after being shot by two men in two separate cars at a roundabout near the Chaterfield town of the KLIA Commercial Centre, Sepang at 8.45pm. The bodyguard was driving a Mercedes Benz car heading to klia2 when the two men fired several gunshots.

April 15

Two men were killed after they were shot by two men on a motorcylce at Jalan Kolami at 7.30am. The victims, both from Sibu, Sarawak but lived in Sabah were identified as Hii Lam King, 36, and Ting Wen Hou, 23.

April 20

A man was shot dead by police while his girlfriend together with two of her friends were arrested in Jalan Kilang 51/A, Kuala Lumpur after they were believed to have been involved in several robbery and car theft cases.

June 21

Miri PKR Secretary and PKR candidate for Bekenu during the Sarawak state election, Bill Kayong, 43, was shot dead in his Toyota Hilux while waiting for the green light at a junction in Lutong, Miri in an 8.30am incident.  

Around noon, two men, aged 30 and 34, who drove separate cars were shot at close range at the junction of the Sunway Batu Caves's main road in Kuala Lumpur while also waiting for the green light.

June 29

The prime suspect in the shooting case in Sunway Batu Caves was shot dead by police at a residential area in USJ 11/1D around 12.10pm. The 37-year old man was attempting to shoot the police before the police fired the shots.          

In another incident, the general manager of a private company, aged 40, suffered severe injuries after he was shot while driving along the PLUS Highway near Desa Petaling here by an individual riding a motorcycle around 8.40 am.    

July 6

A 32-year old woman who worked as a property agent died on the spot while her daughter was injured after the car they were in was shot at in a 2.30pm incident at Jalan Hujan Emas 4, Taman OUG. Nine suspects have been arrested to assist investigations into the case thus far.

July 11

A businessman cheated death when he was shot at several times by two suspects in front of his house in Taman Seri Fajar, near Batu Pahat, Johor, around 10pm.

July 9

A man was found dead with gunshot wounds on his head in Teluk Kulat, Pulau Banding, Perak. The victim was known as Khairul Azizan Zaidi, 29.

July 13

A family of four died after they believed to have been shot by their own family member using an unlicensed weapon at a chicken processing factory in the Batu Maung Industrial Zone, Penang, around 2.55am.

The only suspect in the case, was shot dead by the police, the next day in a gunfight.

July 26

Three men in their 50s escaped death when the car they were in was shot at by a group of unknown men in an attempted robbery at the Elite Highway heading towards Putrajaya around 9.30am. During the incident the victims were on their way to klia2, carrying some amount of money.

July 27

A 43-year old man was shot dead in his car while he was at the Jalan Taman Ibu Kota/Jalan Genting Klang junction in Kuala Lumpur at around 3.35 pm.

China Babi Wants To Fight Against FBI and Dr M

Jamal Yunos (UMNO ,Baju Merah) AKA CINA BABI Label Tun Mahathir Pengkhianat Negara Dan 300 Ribu Baju Merah Akan Turun KL Melawan Tun M Terkini 2016. 

Penganjur perhimpunan Baju Merah, Datuk Jamal Yunos mencabar bekas Perdana Menteri Tun Dr Mahathir Mohamad untuk meneruskan Himpunan Baju Merah 2.0 pada tarikh dan waktu sama dengan program Bersih.
Beliau berkata demikian pada sidang media di Dataran Sogo, Kuala Lumpur, hari ini.

Najib making use of these kind of uneducated and brainless people to stay in power, as they have enough in numbers to keep the dictator where he is. 

The Most Blatant and Daring Corruption Ever Committed by a Government in World History

The truths are slowly being dragged out into the open, as PM Najib continue to hide his crimes behind his position as Prime Minister. Making use of the stupidity of the majority of the rural voters to stay in power, and the use of force and even murders to ensure he remain where he is, it also means a slow and painful death of his tenure as the Prime Minister of Malaysia. 

More interestingly, it means all the shits that he had done, will be widely and deeply published all over the world in greater and greater details, and will be so well documented in history, that today, the world already have no doubt that Najib is the most openly corrupted government leader ever existed in the history of mankind, surpassing President Marcos of the Philippines many times over.

These detailed announcement by the FBI to take actions against 1MDB is going to be the most daring counter act against Najib, and it has to be coming from the US, as the actions need to be from a superpower, since Najib is using the whole country of Malaysia's resources to protect himself.

The corruptions mentioned here not just involve stealing of money, but also murders, forceful removal of oppositions by manipulating of laws, cover-up of lies, and cover-up of other cover-ups.

The Danger of having High Speed Train

Rapid KL has come out to defend one of its train captains after a photo showing him allegedly sleeping on the job went viral on social media. Can you imagine what will happen to the HSR from KL to Singapore if we have drivers like this?
Prasarana Malaysia Berhad (Prasarana) Group Communications and Strategic Marketing head Lim Jin Aun told Bernama that the train driver was just resting by placing his head on the driving panel, and not sleeping as claimed by the media.
“We were informed that he took a short rest while waiting for the train, which was operating on semi-auto, to arrive at a station. The allegation in the article is not true.
“Nevertheless, it is still an offence because train captains are required to be on stand-by at all times during the journey,” he was quoted as saying.
Lim added that disciplinary action had been taken against the train captain.
“A warning letter had been issued to him and he has been suspended from work for a week since yesterday.
“He has also been ordered to go for counselling and attend courses on technical guidance and self-development,” he was further quoted as saying.
On July 3, Facebook user Philip Pak Ming Wong posted a photo showing the train captain sleeping at the control panel.

Innovative Push-Pocket Technology for Robbers

Genuine message posted by a law firm in Malaysia.
If you're going to KL, take note!


I am sure you all have heard of 'pick pocket'.
A new trend 'push pocket'.
Read on.. for your own good

A few days ago a new type of crime has surfaced in town.
It goes something like this:-
Somebody slips a hand-phone into your pocket,
sometimes it could be just a wallet with
an identity card and a few ringgit.

A few minutes later, the 'owner' comes up
and confronts you, the 'thief '.
He makes a big commotion that you stole his stuff.

You, caught unaware, are then pulled aside by the
'owner' for a settlement. You are intimidated and threatened
that if you do not pay up the police will be brought in.
If you pay up, this 'owner' lets you go.
If not, the police are brought in.

Another strange thing is that there always seems
to be a 'witness' to your 'theft'.

I am told this often happens to foreigners at
the Kuala Lumpur International Airport (KLIA)
or even at LRT trains.
Given that you're 'guilty until proven innocent'
as far as the Malaysian police are concerned,
I understand some poor people are in jail for
these 'offences'.

At the KLIA, the 'owner' throws his hand-phone and
wallet with the few ringgit notes into the luggage
trolley of a just arrived passenger.
The drama unfolds a few minutes later.
The real culprit has easily convinced our Malaysian police
to arrest the real victim (if he has not paid up the 'settlement' demand).
This is a very serious matter.

This is another form of extortionists operating in broad daylight.
They are disgusting criminals who will do anything
to rob and steal. The sickening part of the whole
scenario is that unless you pay the 'quoted settlement' money,
they will put you in real trouble by calling the police.

The real culprit gets back his hand-phone
and wallet but the real victim ( i.e.. could be any one of us)
is thrown into the police lock up and charged in court.

So do be very careful,
otherwise you may end up as a 'thief'
as you have no way to prove your innocence.   Pass it on.....
let more people be aware
of such things around them.

Geh Cheng Lok & Co,Advocates & Solicitors

The Islamic State have arrived - Puchong Night Club Attack Is The Beginning

It's official, they are planning to kill Ministers, Police Officers and Judges, and whoever who are going to be obstacles to their activities.

Authorities have confirmed that the Movida night club bombing, which occurred at about 2.15am on June 28 when patrons were watching an Euro 2016 football match, was the first ever successful IS attack in Malaysia.

The attack, which injured eight people, was carried out by locals who were instructed by IS member Muhamad Wanndy Mohamad Jedi from Syria.

Since the attack, 15 people have been arrested, including the two men who were responsible for throwing the hand grenade. Two of the 15 were also policemen.

We urge all of you to be extra cautious of your whereabouts and safety.

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.