tag:blogger.com,1999:blog-87612514411464192452024-03-14T00:50:29.165+08:00Republic of SarawakIn the Jungle of Cyberspace - Fierce and Fearless Defender of the Poor, the Downtrodden, the Dispossessed and the Oppressed Sarawakians - INDEPENDENCE FOR SARAWAK - HQ FOR THE REPUBLIC OF SARAWAKAl Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.comBlogger603125tag:blogger.com,1999:blog-8761251441146419245.post-28914312399747899762021-11-17T08:23:00.014+08:002021-11-18T11:58:15.983+08:00Gabungan Penyamun Sarawak's Evil Modus Operandi<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_HO2CUF52xkmakrLA3HUmL46eIGTIjD1gOxvLGT69r3eVswD4jLJf-8U2O-zRlLbHaTGAatqbT50XjobxEIuoVZoLfACxQNLI_BT8cjaNZE0_gPcjNGxnPubzHrfz4E9mDXroQgQtuGo/s678/GPS-1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="381" data-original-width="678" height="180" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_HO2CUF52xkmakrLA3HUmL46eIGTIjD1gOxvLGT69r3eVswD4jLJf-8U2O-zRlLbHaTGAatqbT50XjobxEIuoVZoLfACxQNLI_BT8cjaNZE0_gPcjNGxnPubzHrfz4E9mDXroQgQtuGo/s320/GPS-1.jpg" width="320" /></a></div><p></p><p><span style="font-size: medium;"><span style="font-family: verdana;">As promised, we will now show more of Gabungan Penyamun Sarawak's (GPS) aka Gabungan Penyamun Snake's evil modus operandi - how they gang up with Petronas & the Malayan Federal government to cheat Sarawak & Sarawakians & enrich themselves, their families & cronies.</span></span></p><p><span style="font-size: medium;"><span style="font-family: verdana;">GPS has all this while only been pretending to fight for Sarawak's Oil & Gas ownership rights, but behind everyone's backs they have been making dubious side deals with Petronas and the Malayan Federal govt. </span></span></p><p><span style="font-size: medium;"><span style="font-family: verdana;">As part of those side deals, they purported to enter into a secretive "Commercial Settlement Agreement" with Petronas as a cover. The joint press statement by Petronas and the GPS govt didn't say much <a href="https://www.petronas.com/media/press-release/joint-statement-state-government-sarawak-and-petronas">https://www.petronas.com/media/press-release/joint-statement-state-government-sarawak-and-petronas</a> and until today as usual the GPS govt has not bothered to enlighten the people about how they are screwing them, of course.<br /></span></span></p><p><span style="font-size: medium;"><span style="font-family: verdana;">One of those recent dubious deals is this one: <a href="https://www.theborneopost.com/2021/11/05/petronas-poised-to-supply-natural-gas-to-bintulu-prilled-urea/">https://www.theborneopost.com/2021/11/05/petronas-poised-to-supply-natural-gas-to-bintulu-prilled-urea/</a>.</span></span></p><p><span style="font-size: small;"><span style="font-family: verdana;"></span></span></p><span style="font-size: small;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieUtkJVL-M8U5q5hRDtiYwaASB-qV4j1ALkee4VuyVTbSpS8CCICVrzR3R4sl9QJxD4nBA058tGPlEJuSd-Zt6nbS2uaYf0FPpny7t0N1zWyXXDwWifVi4FRii8ogUUNl_hHO3_4VA7XY/s2048/ROC_Page_1.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2048" data-original-width="1605" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieUtkJVL-M8U5q5hRDtiYwaASB-qV4j1ALkee4VuyVTbSpS8CCICVrzR3R4sl9QJxD4nBA058tGPlEJuSd-Zt6nbS2uaYf0FPpny7t0N1zWyXXDwWifVi4FRii8ogUUNl_hHO3_4VA7XY/w502-h640/ROC_Page_1.jpeg" width="502" /></a></div><br /><span style="font-family: verdana;"><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh48KeVTUfjEUqqBxuHWVzoVOxcvFmHMmdVifA7VjcPPLvl4LNg_WNSSca3oda3lt4BAjCRrtmXQiJ5y0heObyk97hn42IEOLPHCRcZDzumNUCXuI5hQetp1bG-Ep0NNxIhtdeIuSR6DYE/s2048/ROC_Page_2.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2048" data-original-width="1448" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh48KeVTUfjEUqqBxuHWVzoVOxcvFmHMmdVifA7VjcPPLvl4LNg_WNSSca3oda3lt4BAjCRrtmXQiJ5y0heObyk97hn42IEOLPHCRcZDzumNUCXuI5hQetp1bG-Ep0NNxIhtdeIuSR6DYE/w453-h640/ROC_Page_2.jpeg" width="453" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3vZvStE8JFpua0sKLwGR5McTAg3qRS02Rkzd3aU30eJAAkXHqpZWlo6IYkkWdOVqbK5QAiwetWR3FVuMt3fPAqxxh-M8Asyr-mbCAwBQzqALDIOH060LGAgaBe9bfIp8Z-b_xM2-R3R4/s2048/ROC_Page_3.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2048" data-original-width="1448" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3vZvStE8JFpua0sKLwGR5McTAg3qRS02Rkzd3aU30eJAAkXHqpZWlo6IYkkWdOVqbK5QAiwetWR3FVuMt3fPAqxxh-M8Asyr-mbCAwBQzqALDIOH060LGAgaBe9bfIp8Z-b_xM2-R3R4/w452-h640/ROC_Page_3.jpeg" width="452" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivGA4ZuwqaWWhA_PJlQGoY8QSEHP5SI91PXXKgwsI3WHOtRxi58dKv2JdKOYsglvyq-maLZrfFFnsk_R3w5jTEB4xcSCPMYjU9IiLTyzFKbLv-li7LYrVa4z1pY_zKYZEfpmabFpmHDeI/s2048/ROC_Page_4.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2048" data-original-width="1448" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivGA4ZuwqaWWhA_PJlQGoY8QSEHP5SI91PXXKgwsI3WHOtRxi58dKv2JdKOYsglvyq-maLZrfFFnsk_R3w5jTEB4xcSCPMYjU9IiLTyzFKbLv-li7LYrVa4z1pY_zKYZEfpmabFpmHDeI/w452-h640/ROC_Page_4.jpeg" width="452" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdnJ9tdVBui4I9Bk_i2YMzqmVqool5fZBr9aBR_uCdargOS-oSI9RgLkXgT_rfRRkCEjnU7SrTOxiK1avTY6n1P_xboJD-nB1BuwxmaQFaCj6mnD8R475pMDTihXqXy6w3vFvptSe1PT8/s2048/ROC_Page_5.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2048" data-original-width="1448" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdnJ9tdVBui4I9Bk_i2YMzqmVqool5fZBr9aBR_uCdargOS-oSI9RgLkXgT_rfRRkCEjnU7SrTOxiK1avTY6n1P_xboJD-nB1BuwxmaQFaCj6mnD8R475pMDTihXqXy6w3vFvptSe1PT8/w452-h640/ROC_Page_5.jpeg" width="452" /></a></div><br /><br /> </span><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOCBf3p9AIT2b4cqceFIxXHQ7yJRx4JBjJCMqrVU7yC_Zci0zKd3jBfc0nV_qDtMiFnNoE_syfkNdNxHnBvlIpfiT-iTuYJMLcyWFrmqhV6i0Wo_DJid2Sxx3ho0ngR5wouA4Acre_aGY/s2048/ROC_Page_6.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2048" data-original-width="1611" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOCBf3p9AIT2b4cqceFIxXHQ7yJRx4JBjJCMqrVU7yC_Zci0zKd3jBfc0nV_qDtMiFnNoE_syfkNdNxHnBvlIpfiT-iTuYJMLcyWFrmqhV6i0Wo_DJid2Sxx3ho0ngR5wouA4Acre_aGY/w504-h640/ROC_Page_6.jpeg" width="504" /></a></div><br /></span><p></p><p><span style="font-size: medium;"><span style="font-family: verdana;">The question here is who is Roney Zaidell? How did he get involved in such a project with none other than Serba Dinamik, current darling of the Malaysian Stock Exchange? How did he get the money for this project? Surely not from his Petronas gratuity. Is he only a frontman?<br /></span></span></p><p><span style="font-size: small;"><span style="font-family: verdana;"></span></span></p><div class="separator" style="clear: both; text-align: center;"><span style="font-size: small;"><span style="font-family: verdana;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixcGgBwnHU5LkeDSzmGccEXpRlszFziV5gDawgNOy-DM3TgOkV-5swr1bIPhwYOIrpE7BSsKMLg2JoVyEOvQRXte6j4tL9v9SH2WMNqLZUiHkHLfhyiQYlD9vlYQKXFO8a5FoCkHMEAh4/s800/ISA-SAMAD-WITNES-RONEY-ZAIDEL-FMT-271119-1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="500" data-original-width="800" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixcGgBwnHU5LkeDSzmGccEXpRlszFziV5gDawgNOy-DM3TgOkV-5swr1bIPhwYOIrpE7BSsKMLg2JoVyEOvQRXte6j4tL9v9SH2WMNqLZUiHkHLfhyiQYlD9vlYQKXFO8a5FoCkHMEAh4/s320/ISA-SAMAD-WITNES-RONEY-ZAIDEL-FMT-271119-1.jpg" width="320" /></a></span></span></div><p><span style="font-size: small;"><span style="font-family: verdana;"> </span></span><br /><span style="font-size: medium;"><span style="font-family: verdana;">He
is of course none other than the bagman for his elder brother Ikhwan Zaidell. Why
are their names so familiar? This is the reason: </span></span></p><p><span style="font-size: medium;"><span style="font-family: verdana;"><a href="https://www.freemalaysiatoday.com/category/nation/2019/11/27/i-collected-bag-with-rm300000-in-cash-witness-tells-isa-samad-trial/">https://www.freemalaysiatoday.com/category/nation/2019/11/27/i-collected-bag-with-rm300000-in-cash-witness-tells-isa-samad-trial/</a></span></span></p><p><span style="font-size: medium;"><span style="font-family: verdana;"> Their younger brother is none other than the self-important, greedy, powerful, diabolical, conniving, scheming and vindictive Dr Muhammad Abdullah Zaidell, erstwhile Director of the Sarawak Economic Planning Unit, also known as "the Gatekeeper" to Abang Jo, Chief Minister of Sarawak.</span></span></p><p><span style="font-size: medium;"><span style="font-family: verdana;">Abdullah is absolutely indispensable to Abang Jo and has his hand in every pie and holds a number of other important posts in Sarawak and even at national level, such as Director of Petros, SEDC, MDEC, MASA, MIDA, Sarawak Metro, LCDA, Business Events Sarawak and Director-in-Charge Sarawak Petchem. He is the smartest and only qualified Sarawakian available to take up all these positions. <br /></span></span></p><p><span style="font-size: medium;"><span style="font-family: verdana;"></span></span></p><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"><span style="font-size: small;"><span style="font-family: verdana;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2RhCIuN40xwNWaQREATuoQzoEk9vNa899IsWfxN_9hF0G112hlGKL3UHWDgjohKkKslaBxVgNr969R3y0khRjAdf13sZGPNtO9KRPKqYaksWIr4ChRvJnFuYu6Oa8JSGg4b4Nf2Kk1vc/s200/Abdullah+Zaidell+3.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="200" data-original-width="200" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2RhCIuN40xwNWaQREATuoQzoEk9vNa899IsWfxN_9hF0G112hlGKL3UHWDgjohKkKslaBxVgNr969R3y0khRjAdf13sZGPNtO9KRPKqYaksWIr4ChRvJnFuYu6Oa8JSGg4b4Nf2Kk1vc/s0/Abdullah+Zaidell+3.jpg" width="200" /></a></span></span></div><p></p><p><span style="font-size: small;"><span style="font-family: verdana;"></span></span></p><p><span style="font-size: medium;"><span style="font-family: verdana;">He is also a key member of the Technical Committee with executive powers formed by the Sarawak govt to "negotiate" with Petronas and the Malayan federal govt on oil and gas matters. Did they really negotiate or did they sell out Sarawak to Petronas and the Malayan federal govt for their own, their families' and cronies' benefits, smacking of conflict of interests?</span></span></p><p><span style="font-size: medium;"><span style="font-family: verdana;">Another invaluable member of the infamous Abang Jo cartel is Ibrahim Baki, a longtime friend of the Zaidell brothers, who out of nowhere was appointed a Board member of Petronas, only the 2nd Sarawakian to be appointed in Petronas's 45 year history. Whose interests does he represent? Certainly not Sarawak's, since there has been no announcement from the Sarawak govt regarding his appointment. This is yet just another example of the cartel's reach, influence peddling and scheming.</span></span></p><p><span style="font-size: medium;"><span style="font-family: verdana;"><a href="https://www.petronas.com/about-us/our-leaders">https://www.petronas.com/about-us/our-leaders</a> <br /></span></span></p><p><span style="font-size: small;"><span style="font-family: verdana;"><span style="font-size: medium;">For Petronas and the Malayan Federal govt, it is not surprising therefore that it is business as usual, and they continue to reap tens of billions, even hundreds of billions from Sarawak's Oil & Gas resources and revenues, to the detriment of all other Sarawakians.</span> <br /></span></span></p><p><span style="font-size: small;"><span style="font-family: verdana;"></span></span></p><div class="separator" style="clear: both; text-align: center;"><span style="font-size: small;"><span style="font-family: verdana;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7JBUimVzXMPgQX1UZKmDJvp1qaSZp9XR4_aWp5mX6P2RvBk09Lo6ZVM1KHmCf0Zc4gWiXPybO-mWwhRgHrtIWb2Mc1cRFRFfkBudNmyE6SW32uiKxZd8pQUk1IfY8qAJDzCmsacXx12Y/s630/Abdullah+Zaidell.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="431" data-original-width="630" height="219" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7JBUimVzXMPgQX1UZKmDJvp1qaSZp9XR4_aWp5mX6P2RvBk09Lo6ZVM1KHmCf0Zc4gWiXPybO-mWwhRgHrtIWb2Mc1cRFRFfkBudNmyE6SW32uiKxZd8pQUk1IfY8qAJDzCmsacXx12Y/s320/Abdullah+Zaidell.jpeg" width="320" /></a></span></span></div><p></p><p><span style="font-size: medium;"><span style="font-family: verdana;">Abdullah is a civil servant who should not be involved in politics, but then he is also a true blue hardcore GPS power broker and interfering busybody behind the throne. In fact it is well known in Sarawak that he and his brothers as well as Ibrahim Baki are nominees/proxies for CM Abang Jo in many matters.</span></span></p><p><span style="font-size: medium;"><span style="font-family: verdana;">What is clear is that they are not in the positions that they are to take care of Sarawak's interests, but their own and that of Abang Jo and GPS. This is their evil modus operandi.</span></span></p><p><span style="font-size: medium;"><span style="font-family: verdana;">Sarawakians must reject and overthrow GPS in the coming State elections, to put a stop to all this nonsense that is costing Sarawak and Sarawakians dearly.<b> </b></span></span></p><p><br /></p><p><span style="font-size: medium;"><span style="font-family: verdana;"><b>Al Tugauw</b></span></span><b><span style="font-size: medium;"><span style="font-family: verdana;"> </span></span></b></p><p><b><span style="font-size: medium;"><span style="font-family: verdana;">Sarawak Headhunter</span></span></b></p><p><b><span style="font-size: medium;"><span style="font-family: verdana;">Republic of Sarawak</span></span></b></p><p><b><span style="font-size: medium;"><span style="font-family: verdana;">17.11.2021</span></span></b></p><p><span style="font-size: small;"><span style="font-family: verdana;"> <br /></span></span></p><span style="font-size: small;"><span style="font-family: verdana;"> </span></span><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_eKVA_zmOKNBZG18w_7Tgk4hpcvOemtane-QItJ3xFHIr8QjbPtsd7W-aH8t71eUjp1gaRejDgAyYt29dVfnWP6EvO71g37mH6Ry4nWHnGn-cSnje5el5ZANsqDVoNwmHGEMyb-3D2k8/s2048/ROC_Page_1.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2048" data-original-width="1605" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_eKVA_zmOKNBZG18w_7Tgk4hpcvOemtane-QItJ3xFHIr8QjbPtsd7W-aH8t71eUjp1gaRejDgAyYt29dVfnWP6EvO71g37mH6Ry4nWHnGn-cSnje5el5ZANsqDVoNwmHGEMyb-3D2k8/s320/ROC_Page_1.jpeg" width="251" /></a></div><br />Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-35768090135373051622020-05-10T08:33:00.000+08:002020-05-10T08:45:56.440+08:00REPUBLIC OF SARAWAK MEDIA STATEMENT 10TH MAY 2020<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7OFu6rVismLeD1eGYhG4BI_duEIxkKuwWNwwkEkP9eBypvQ27eQfh6r5vdI5uJgO3YKu5Gx7RbE94cTcP-Vag8Iyed07AmvYspO5LE_2W-gAV_te_vNYffZFY4uurl5_0xgiDSJtZplo/s1600/ROS+3A.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="159" data-original-width="159" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7OFu6rVismLeD1eGYhG4BI_duEIxkKuwWNwwkEkP9eBypvQ27eQfh6r5vdI5uJgO3YKu5Gx7RbE94cTcP-Vag8Iyed07AmvYspO5LE_2W-gAV_te_vNYffZFY4uurl5_0xgiDSJtZplo/s1600/ROS+3A.jpg" /></a></div>
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<span style="font-family: "bahnschrift semibold" , sans-serif; font-size: 26.0pt;">REPUBLIC
OF SARAWAK</span></div>
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<span style="font-family: "bahnschrift semibold" , sans-serif; font-size: 18.0pt;">MEDIA STATEMENT</span></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">The Protem Committee of the Republic of
Sarawak views with utter and absolute disgust the so-called settlement between
the Sarawak Government and Petronas with regard to the Sales Tax issue, which
had already been recently decided in favour of Sarawak by the High Court and
for which Petronas’ application for stay was also refused.</span></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">It is clear from the terms of the “settlement”
that it is in fact ultra vires, illegal and unconstitutional, notwithstanding
the bare-faced assertion (lie) in the Joint Media Statement by the Sarawak
Government and Petronas that Petronas "is still recognised as the national
petroleum corporation having full power over the oversight of the entire development
of the oil and gas industry in the country, in accordance with the Federal Constitution”.</span></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">This is a complete u-turn from the stance of
the Sarawak Government against the previous Pakatan (Tiada) Harapan Federal
Government. What has changed other than the fact that the Group of Pirates of
Sarawak (GPS) has joined the traitorous Bersatu, PKR, DUMNo and PAS elements to
overthrow the people’s mandate to form the present illegal back-door Federal
Government, which will soon face a vote of no confidence in Parliament?</span></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">This is also an abject and ignominious
betrayal of the people of Sarawak by GPS, marking the culmination of a continuing
betrayal that started with the illegal and unconstitutional (ultra vires) enactment
of PDA74 and the unauthorised agreements that misappropriated the entire Oil
& Gas resources of Sarawak for a pittance. </span></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">This betrayal has deprived Sarawak and
Sarawakians of hundreds of billions of ringgit of revenue that could have been
used in many ways for Sarawak’s own development and even savings and
investments for future generations of Sarawakians.</span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">Neither the Sarawak Chief Minister then, nor
the present idiot Chief Minister and his entire Cabinet of morons now have any
authority to deal with the inalienable Oil & Gas resources and assets of
Sarawak as if they were their own.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">There is absolutely no question of any
negotiation or entering into any commercial arrangement that compromises
Sarawak’s inalienable rights to ownership of its own Oil and Gas resources and
assets. Any such compromise is a dereliction of duty on the part of the Sarawak
Government amounting to treachery to Sarawakians and to Sarawak itself.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">Sarawak has all the means and people to
manage its entire Oil & Gas resources and assets without any “assistance”
from the Malayan Federal Government. It is completely unjustifiable for Malaya and
Petronas to derive the benefit of more than 90% of Sarawak’s petroleum revenues,
not to mention that of the gas subsidies provided by Sarawak.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">Neither the Malayan Federal Government nor Petronas
has ever been fair or equitable to Sarawak and Sarawakians from the very
inception of PDA74. The Malayan Federal Government never even bothered to
appoint any Sarawakian to the Board of Directors of Petronas for more than 40
years, let alone to be the CEO of Petronas and dealt with all its revenues as
they saw fit to bail out their cronies and their families and generally to
squander, giving peanuts to Sarawak.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">Any Sarawakian who is a party to this utter mismanagement
and waste of Sarawak’s Oil & Gas revenues is a traitor to Sarawak and its
people, and chief among them are the GPS monkeys, and this includes the Sarawak
DAP and the Sarawak PKR monkeys as well. Get rid of ALL of them!</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">The ONLY solution to this is that the people
of Sarawak must rise up, overthrow these monkeys, and declare Sarawak
independent of Malaya and get out of Malayasia. Leave Malaya to its Malay Land.</span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">INDEPENDENCE FOR SARAWAK! LONG LIVE THE
REPUBLIC OF SARAWAK!</span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">Al Tugauw</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">(Sarawak Headhunter)</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">Spokesperson</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">Protem Committee of the Republic of Sarawak</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;">10<sup>th</sup> May, 2020</span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: 12.0pt;"><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span></span></div>
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<br /></div>
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Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-62930588787004562712018-09-27T05:43:00.000+08:002018-09-27T17:40:47.705+08:00The Sarawak Dilemma - To Leave or to Stay in Malaysia<div dir="ltr" style="text-align: left;" trbidi="on">
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 5"/>
<w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Closing"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Signature"/>
<w:LsdException Locked="false" Priority="1" SemiHidden="true"
UnhideWhenUsed="true" Name="Default Paragraph Font"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Message Header"/>
<w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Salutation"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Date"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Heading"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Block Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Hyperlink"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="FollowedHyperlink"/>
<w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Document Map"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Plain Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="E-mail Signature"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Top of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Bottom of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal (Web)"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Acronym"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Address"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Cite"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Code"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Definition"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Keyboard"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Preformatted"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Sample"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Typewriter"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Variable"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal Table"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation subject"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="No List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Contemporary"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Elegant"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Professional"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Balloon Text"/>
<w:LsdException Locked="false" Priority="39" Name="Table Grid"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Theme"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" QFormat="true"
Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" QFormat="true"
Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" QFormat="true"
Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" QFormat="true"
Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" QFormat="true"
Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" QFormat="true"
Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" SemiHidden="true"
UnhideWhenUsed="true" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"/>
<w:LsdException Locked="false" Priority="41" Name="Plain Table 1"/>
<w:LsdException Locked="false" Priority="42" Name="Plain Table 2"/>
<w:LsdException Locked="false" Priority="43" Name="Plain Table 3"/>
<w:LsdException Locked="false" Priority="44" Name="Plain Table 4"/>
<w:LsdException Locked="false" Priority="45" Name="Plain Table 5"/>
<w:LsdException Locked="false" Priority="40" Name="Grid Table Light"/>
<w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 4"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 5"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 6"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
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<br />
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: small;"><b><span style="font-family: "verdana" , sans-serif; line-height: 107%;">THE
SARAWAK DILEMMA</span></b></span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: x-small;"><b><span style="font-family: "verdana" , sans-serif;">To Leave or to Stay in
Malaysia</span></b></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">There
are some Sarawakians who still think that staying in Malaysia is an option for
Sarawak. Many, possibly the majority of Sarawakians, however have come to the
conclusion that it is not. If a referendum were to be held today, most Sarawakians
would undoubtedly vote to become an independent nation, most probably a Republic.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The
colonial Malayans self-servingly consider this to be “treason” and “sedition”, even
though there is absolutely nothing in the Malaysia Agreement 1963 (MA63) and
the Federal Constitution that prohibits secession. After all they themselves
forced Singapore to secede, without even consulting Sarawak or Sabah, when they
could no longer tolerate Singapore’s resistance to their racist and opportunist agenda.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The
Malayans have never been sincere, and since the very formation of Malaysia to
this very day have treated Sarawak like a colony, in spite of their avowed
intention otherwise and notwithstanding their present hollow and hypocritical
pledges of greater autonomy and return of Sarawak’s rights under MA63.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Instead
of Borneonising the State’s administration, they Malayanised it. They never
bothered to appoint Sarawakians to any senior or important positions in the
Federal government or civil service. Instead they found all kinds of ways and
means, mostly unconstitutional and in breach of the Federal Constitution itself
as well as the spirit if not the very letter of the Malaysia Agreement 1963
(MA63), to dictate to and control the Sarawak government and civil service through
their policies, finance, taxation and development expenditure, to name a few.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The
only Sarawakians they were happy to deal with and honour were those traitors who
collaborated with them in subjugating Sarawak and its people to their will and in
furthering their racist and piratical political agendas. The useless Rahman Ya’kub
and Taib Mahmud were thus able to divide and rule Sarawak for their own and the
Malayans’ benefit, a situation that is continued to this day by the even more
useless Abang Johari.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The
Malayans and their lackeys Rahman and Taib and precipitated a constitutional
crisis through instigating the unconstitutional removal of the first Chief
Minister of Sarawak, Stephen Kalong Ningkan, who to them was troublesome and unwilling
to cooperate in their colonisation schemes. When the case was decided against
them they conspired to create a false state of emergency and direct rule and installed
a puppet Chief Minister, who was then later expediently replaced by Rahman as a
reward for his loyalty to the Malayan agenda.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Taib
was rewarded with a Federal Ministership and soon set about to please his
Malayan masters by conspiring with them to bring Sarawak’s (and Sabah’s) oil
and gas resources under Federal and Malayan control. They succeeded in this nefarious
and diabolical agenda by by-passing the Sarawak Legislative Assembly, by
getting Rahman as Chief Minister to expediently and single-handedly sign away
all of Sarawak’s oil and gas wealth to the Federal government via Petronas.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">There
was no discussion or debate at all in Sarawak nor a single sound in the Sarawak
Legislative Assembly. Under the orchestration of the Malayans, particularly
Razak and Razaleigh, in cahoots with Rahman and Taib, Sarawakians didn’t even
realise what was really going on. <span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">After
the Malayans got their dirty hands on Sarawak’s petroleum resources via the
illegal and unconstitutional Petroleum Development Act 1974 (PDA74), presented
by Taib and supported by his and Rahman’s lackey Sarawakian members of Parliament
themselves, for a paltry royalty payment of 5% of gross production (amounting
to only 1% to 1.5% of the total petroleum value chain), they did as they
pleased with those resources and the revenues derived from them.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Having
been manipulated into giving up control of their oil and gas wealth to the
Malayans, Sarawakians were forced to beg for the funds needed for their
development, and Sarawak has been reduced to becoming one of the most backward
and poorest states in Malaysia, in spite of having among the highest GDP. </span></div>
<div class="MsoNormal" style="text-align: justify;">
<br />
<span style="font-family: "verdana" , sans-serif;">Many
Sarawakians, especially from the rural areas have been forced to work outside of
Sarawak, while Malayans deprive Sarawakians of work and tens if not hundreds of
billions of contracts in the petroleum industry.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The
Malayans never even bothered to appoint any Sarawakians to the Board of Directors
of Petronas or its senior management until recently when the State Secretary of
Sarawak became the first after more than 40 years of its existence, even then
only after Sarawakians started making noise. </span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Rahman
and Taib were allowed to do as they pleased to Sarawak and Taib in particular
became rich beyond belief from his corrupt control of Sarawak’s timber and land
resources. They never bothered at all about how much wealth the Malayans were
siphoning off from Sarawak’s petroleum resources.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br />
<span style="font-family: "verdana" , sans-serif;">It
is this wealth that has given the Malayans the opportunity to mismanage, waste
and siphon off hundreds of billions for their personal benefit at the expense
of ordinary Sarawakians.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Over
the years, in spite of Sarawak’s major contribution to the national coffers via
Malayan exploitation of its oil and gas resources, its dilapidated schools,
lack of clinics, hospitals, electricity, clean water and other basic amenities,
especially in the rural areas, speak volumes not only for the gross neglect by
the Federal government but also by the GPS Sarawak government itself that until
recently was part of BN Malayan-controlled coalition of parties. <span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The
so-called "New Malaysia" Pakatan Harapan (PH) Federal government (also
Malayan-controlled) is no better than the Old Malaysia either, and has back-tracked on its promise
for higher oil royalties for Sarawak. In reality they don’t care and should
have no say at all in Sarawak’s petroleum resources, nor should they dictate
how much Sarawak should get from its own petroleum resources.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Given
all that has happened and the above scenario, the Sarawak Dilemma is not really
a dilemma and must be answered by Sarawak leaving Malaysia as its only option.
Sarawakians can no longer put their trust in the Malayans nor their present leaders,
all of whom have proven treacherous. Sarawakians must be the masters of their
own destiny and must create and build a New Sarawak <b><u>without GPS and/or PH</u></b> or any of their useless
component parties. </span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Rise,
my fellow Sarawakians! We have nothing to lose and everything to gain! Take
your destiny in your own hands, for the sake of your future generations, for
justice and equity for all Sarawakians, for Fair Land Sarawak!</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Agi
Idup Agi Ngelaban!</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Long
live the Republic of Sarawak!</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: x-small;"><b><span style="font-family: "verdana" , sans-serif;">Al Tugauw</span></b></span></div>
<span style="font-size: x-small;">
</span><br />
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: x-small;"><b><span style="font-family: "verdana" , sans-serif;">The Sarawak Headhunter</span></b></span></div>
<span style="font-size: x-small;">
</span><br />
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: x-small;"><b><span style="font-family: "verdana" , sans-serif;">27<sup>th</sup>
September, 2018</span></b></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com2tag:blogger.com,1999:blog-8761251441146419245.post-22089872014402803622017-09-08T06:45:00.001+08:002017-09-08T06:45:27.416+08:00Who the hell is this Tunku Aziz chap?<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<a href="http://www.borneotoday.net/august-31-is-merdeka-for-all-not-just-peninsular-malaysia-comment/">http://www.borneotoday.net/august-31-is-merdeka-for-all-not-just-peninsular-malaysia-comment/</a><br />
<br />
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Signature"/>
<w:LsdException Locked="false" Priority="1" SemiHidden="true"
UnhideWhenUsed="true" Name="Default Paragraph Font"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Message Header"/>
<w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Salutation"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Date"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Heading"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Block Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Hyperlink"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="FollowedHyperlink"/>
<w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Document Map"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Plain Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="E-mail Signature"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Top of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Bottom of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal (Web)"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Acronym"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Address"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Cite"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Code"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Definition"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Keyboard"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Preformatted"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Sample"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Typewriter"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Variable"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal Table"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation subject"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="No List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Contemporary"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Elegant"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Professional"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Balloon Text"/>
<w:LsdException Locked="false" Priority="39" Name="Table Grid"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Theme"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" QFormat="true"
Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" QFormat="true"
Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" QFormat="true"
Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" QFormat="true"
Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" QFormat="true"
Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" QFormat="true"
Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" SemiHidden="true"
UnhideWhenUsed="true" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"/>
<w:LsdException Locked="false" Priority="41" Name="Plain Table 1"/>
<w:LsdException Locked="false" Priority="42" Name="Plain Table 2"/>
<w:LsdException Locked="false" Priority="43" Name="Plain Table 3"/>
<w:LsdException Locked="false" Priority="44" Name="Plain Table 4"/>
<w:LsdException Locked="false" Priority="45" Name="Plain Table 5"/>
<w:LsdException Locked="false" Priority="40" Name="Grid Table Light"/>
<w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 4"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 5"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 6"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 3"/>
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</div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">By ZAINNAL AJAMAIN</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;"></span><br />
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;"><span lang="EN-GB" style="font-family: "verdana" , sans-serif;">COMMENT: Who the hell
is this Tunku Abdul Aziz chap?</span></span></div>
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">This is the typical brazen
people from Malaya, very condescending, superior and lordly towards Sabahans
and Sarawakians. His argument is as if Sabah and Sarawak begged to be a part of
Malaysia. History has taught us that we did not want to form Malaysia; we
wanted to form the Borneo Federation.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">Let it be known that it was
Malaya who did not want to merge with Singapore, unless the Borneo states were
included in the package.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">It is very obvious this
character only read the “Social Contract” which is not documented and did not
read the Malaysia Agreement 1963 – shame on you for calling yourself a
Malaysian. To him only the Malays, Chinese, Indians, Sikhs and Eurasians are
Malaysians – he did not even know that the Kadazan, Dusun, Murut, Rungus,
Bajau, Dayak, Melanau, Kelabit etc are also people who form part of Malaysia.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">The “primitive colonies” as
he says it, do not know what we wanted to do, but Tunku Abdul Rahman knew that
the money Malaya had based on rubber and tin, was fast depleting.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">Unless Malaysia was formed,
Malaya would be exporting their daughters as maids. As Abdul Aziz puts, “we
celebrate our independence on August 31 and when you are part of us, our nation
is YOUR nation”. What baloney! It is not “our nation is YOUR nation” it is more
like “YOUR money is OUR money”</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">This Abdul Aziz chap
perhaps has not heard of the Malaysia Agreement 1963; he may not even have read
it or perhaps he is so senile he did not know the date September 16, 1963.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">This is the day that
Malaysia was formed by the Federation of Malaya (which later was named
Malaysia), North Borneo (Sabah), Sarawak and Singapore. Singapore left the
Federation of Malaysia later.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">He claims he was a teacher,
it means that he has no conscience that this is a part of Malaysia history
which is not taught in school or even in universities. They wanted to hide
September 16 so bad that they only started to celebrate it 47 years after 1963,
but only in Sabah and Sarawak NOT Malaya.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">Therefore, Malaya is NOT
part of Malaysia; it is only masquerading as Malaysia.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">Does this Abdul Aziz
represent the leaders and elite in Malaya? Because if he does then Sabah and
Sarawak is more than happy to leave “YOUR family” so that we can create “OUR
own family” as was originally planned.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">The problem with these
leaders and elite from Malaya is that, “they need Sabah and Sarawak more than
we need Malaya” – Sabah and Sarawak does not need Malaya.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">Talking about security
concerns is just a scare tactic for Sabahans and Sarawakians to hang on to
Malaya. Unfortunately, the Tanduo incident (the Lahad Datu standoff) shows that
Sabahans and Sarawakians do not think much about Malaya discharging their
security and defense obligations.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">What can we expect from
insincere and dishonorable leaders and elites from Malaya? Their obligations in
the Constitution which is mandatory to be implemented, yet, for more than five
decades they have yet to fulfil any of it.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">They even have the audacity
to say, “my door is always open for negotiation.” What negotiations? All
negotiations were already completed in 1963. That was the reason for the
Malaysia Agreement 1963. Currently, there is no more need for negotiations,
just implement what was incorporated in the Constitution – no more no less.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">When shoved into a corner,
a typical Malayan leader or elite would pretend to be stupid and try to
interpret the law the way they like it. Perhaps many of the leaders and elite
from Malaya overlooked the reason the United Kingdom was part of those who
signed the Malaysia Agreement 1963.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">That is a link to the
United Kingdom – just in case the leaders and elite in Malaya try to play dumb.
Sure, the leaders and elite in Malaya may have their opinion on Sabah and
Sarawak, but there is also a set of opinions from Sabah and Sarawak.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">We all can agree to
disagree this is healthy for nation-building; the only way for this type of
dispute to be resolved is through arbitration in London where there is no
appeal. Are the leaders and elite from Malaya ready for this?</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-GB" style="font-family: "verdana" , sans-serif;">• Zainnal Ajamain an
activist on the Malaysia Agreement 1963 and Sabah and Sarawak rights as well as
the author of the bestselling book “The Queen’s Obligation”</span></div>
</span></div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com1tag:blogger.com,1999:blog-8761251441146419245.post-19603171300360993282017-09-08T02:46:00.000+08:002017-09-08T02:48:24.181+08:00Selling off Sarawak's Oil & Gas assets - Myth or Reality? How Does Sarawak Benefit?<div dir="ltr" style="text-align: left;" trbidi="on">
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: "verdana" , sans-serif; font-size: 18.0pt;">SPG SPEAKS</span> </b></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: "verdana" , sans-serif;">Selling
off Sarawak’s Oil & Gas Assets – Myth or Reality? How does Sarawak Benefit?</span></b></div>
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<br /></div>
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<i style="mso-bidi-font-style: normal;"><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">This paper reviews the recent report on Petronas seeking
to sell a stake in the SK316 PSC and questions what Sarawak is or should be doing
about it.</span></i></div>
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<br /></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">The news</span></b></div>
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<a href="https://www.blogger.com/blogger.g?blogID=8761251441146419245" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=8761251441146419245" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=8761251441146419245" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><br /></div>
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<a href="https://www.blogger.com/blogger.g?blogID=8761251441146419245" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=8761251441146419245" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/blogger.g?blogID=8761251441146419245" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">Reuters
on 20<sup>th</sup> Feb 2017 reported in Singapore that Petronas is aiming to
sell its 49% stake in the SK316 offshore gas block in Malaysia’s Sarawak for up
to $1 billion seeking to raise cash and cut development costs. According to its
sources, Petronas is said to be working with an investment bank on the stake
sale and the process was kicked off in February 2017.<a href="https://www.blogger.com/blogger.g?blogID=8761251441146419245#_ftn1" name="_ftnref1" style="mso-footnote-id: ftn1;" title=""><span class="MsoFootnoteReference"><span style="mso-special-character: footnote;"><span class="MsoFootnoteReference"><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">[1]</span></span></span></span></a></span></div>
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<br /></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">On
21<sup>st</sup> Feb 2017, The Star reported that Datuk Wan Zulkiflee Wan
Ariffin, Petronas President and CEO denied the report that it was considering
selling its stake in the SK316 offshore gas block in Sarawak to raise cash,
adding that Petronas had a cash balance of RM130bil and that there was no need
to sell to get money.<a href="https://www.blogger.com/blogger.g?blogID=8761251441146419245#_ftn2" name="_ftnref2" style="mso-footnote-id: ftn2;" title=""><span class="MsoFootnoteReference"><span style="mso-special-character: footnote;"><span class="MsoFootnoteReference"><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">[2]</span></span></span></span></a></span></div>
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<br /></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">Block
SK316, located approximately 180 km North of Bintulu, Sarawak, is operated by
Petronas and contains a number of gas fields including the NC3 field which
feeds Malaysia's liquefied natural gas (LNG) export project, known as MLNG
Train 9.</span></div>
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<br /></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">In
2011 & 2012, Petronas reported that Kasawari-1 and NC8SW-1 were the latest
wells drilled in Block SK316 and were significant gas discoveries. The Kasawari
field had over five trillion standard cubic feet (TSCF) with an estimated
recoverable hydrocarbon resource of just over three TSCF, making it one of the
largest non-associated gas fields in Malaysia. The recoverable resource for the
NC8SW field is estimated at more than 450 billion standard cubic feet of gas. </span></div>
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<br /></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">In
late 2015, Petronas called off the tender for the Kasawari field development, a
contract worth over US$ 1 billion that had been offered earlier. The first gas
for Kasawari was initially targeted for late 2018, which is now delayed.</span></div>
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<br /></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">According
to the same Reuters’ sources, the stake to be sold is expected to include a
combination of the producing NC3 gas field, the potential development of the
Kasawari field and other exploration acreages in the block. The funds raised
could also contribute to the future development of the Kasawari field.</span></div>
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<br /></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">The reality</span></b><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;"></span></div>
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<br /></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">As
far as reported in the public domain, Block SK316 is still 100% held by
Petronas Carigali. While in the early 2011/12, Petronas was optimistic that it
could go on its own with the development of its gas discoveries in SK316
including the over US$ 1 billion required for the Kasawari development. Things
started to turn south in 2015, and with the falling oil prices and dwindling
cash flows added to both the increasingly technical and project development
challenges for Kasawari, Petronas decided to put the project on hold.</span></div>
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<br /></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">Fast
forward to 2017, where many believe that the Oil & Gas industry has reached
its bottom and is now back on the upward trend, with time being right for Oil
& Gas asset owners to evaluate their portfolio of assets in order to
extract their maximum value. In this case, Petronas should not be exempted in
assessing its portfolio of assets and identifying those that could be ‘flipped’
wholly or partially in return for cash or asset swaps or both. In the case of the
SK316 block, where there exist producing fields, development projects and
exploration options, selling a minority stake or farming out part of the PSC to
others appears indeed to be an interesting option.<span style="mso-spacerun: yes;"> </span></span></div>
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<br /></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">However,
as SK316 is a gas PSC and having the NC3 field already feeding LNG Train 9,
added with the technical challenges of the Kasawari filed, it is expected that
there will be limited candidates for the minority stake in SK316. Nevertheless,
since NC3 is already producing, it becomes an interesting option for the
existing partners in LNG Train 9 in the likes of JX Nippon Oil & Energy or
parties with downstream interest in Bintulu to consider the upstream options.</span></div>
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<br /></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">Another
interesting aspect for the minority stake in SK316 is that as Petronas will
continue to be the operator, the stake is easily ‘bankable’ as the buyer can be
a non-technical party, opening the door for pure financial investors. This is,
however, subject to Petronas’ approval. </span></div>
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<br /></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">The possibilities</span></b></div>
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<br /></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">Putting
aside the argument of whether Petronas is selling off Sarawak’s Oil & Gas
resources or whether it has the right to do so by seeking investments for a minority
stake in SK316, there indeed exists the potential for the State of Sarawak (or
through one of its vehicles) to consider having the minority stake in the
upstream PSC.</span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">This
has to be done through proper Oil & Gas due diligence process including examination
of both technical and financial aspects of the PSC.</span></div>
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<br /></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">However,
the more intriguing question remains whether the State of Sarawak is content to
continue to be mere spectator, or wants to become an active participant in the
development of the Oil & Gas resources of Sarawak.</span></div>
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<br /></div>
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<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">“Mun
minyak ngan gas ya di Semenanjung nun sik aku ambik peduli. Tapi mun di Sarawak
aku ngambik peduli” </span></i></b><b style="mso-bidi-font-weight: normal;"><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">Allahyarham
Tok Nan.</span></b></div>
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<br /></div>
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<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">The
present Chief Minister Datuk Amar Abang Johari Tun Openg says Sarawakians must
decide their own destiny, not to have somebody else deciding for them.</span></i></b></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">Thus,
the State Government of the day must create policies that are Sarawak-centric
and focused on the immediate and strategic needs of the State, he said.</span></i></b></div>
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<br /></div>
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<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">“So
we are left in a situation where we have oil and gas and cannot fully enjoy the
benefit of having oil and gas. This cannot be…“</span></i></b></div>
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<br /></div>
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<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">He
said it is therefore of strategic importance that Sarawak should try to use as
much as possible of its energy resources for its own economic development and
industrialization.</span></i></b></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">The
‘recycled’ news about Petronas’ intent to divest 49% of its stake in SK316
offshore Sarawak is making the rounds again in the local news recently. It was
first reported in February 2017 and was quickly denied by Petronas. In April,
the Reuters report again resurfaced. </span></div>
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<br /></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">To
the Oil & Gas industry observers, the news is a positive one as it improves
the outlook delayed Kasawari gas project. </span><span lang="EN-MY" style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">BMI Research was upbeat on the potential sale of
equity as the bulk of the funds generated from the stake sale in the SK316
offshore gas block is expected to be used to develop the Kasawari field. </span><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;"></span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-MY" style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">The Kasawari gas project, which is part of SK316, is a
deepwater, sour gas development estimated to hold about 3.2 trillion cubic feet
of recoverable gas resources.</span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-MY" style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">“Despite promising below-ground prospects, development
has progressed slowly due to the field’s deepwater, high-cost structure, and
the relative inexperience of domestic engineering firms involving carbon
dioxide removal. Potential integration of a foreign partner could dilute the
project’s cost burden. Any future gas output from Kasawari will likely be
designated for exports, given Malaysia’s comfortable surplus in gas,” the
research house said in a statement.</span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-MY" style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">We believe that Petronas’ search for potential foreign
partner in the project is not unreasonable.</span></div>
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<br /></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN-MY" style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">Saya Peduli</span></b></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-MY" style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">However, the news of the proposed sale is indeed a
sour note for Sarawakians. Echoing the words of the late Tok Nan, any proposed
‘sale’ of Sarawak Oil & Gas assets by the party that was supposed to have
the ‘vested interest’ of Sarawak in mind without the apparent knowledge of the
government and people of Sarawak shows the ‘tidak peduli’ attitude of the
parties involved.</span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span lang="EN-MY" style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">Nevertheless, instead of dwelling in the negatives,
SPG would like to propose that in the period where devolution of authorities
and negotiations on Oil & Gas rights are taking place between the State and
Federal government, a Joint Oil & Gas Development Authority (JOGDA) be
created comprising the Federal government, the State government and Petronas
where all strategic matters concerning Sarawak’s Oil & Gas matters,
including new PSC awards, sale or transfer of interests, are deliberated. </span></div>
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<br /></div>
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<span lang="EN-MY" style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">SPG will lend its expertise to assist and support the
government of Sarawak in the setting up of JOGDA in the spirit of ‘Saya Peduli’
in </span><span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">maximizing Sarawak’s
socio-economic benefit and safeguarding its rights in the O&G industry for
its present and future generations</span><span lang="EN-MY" style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">.</span></div>
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<br /></div>
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<span style="font-family: "verdana" , sans-serif; font-size: 11.0pt;">Until
and unless Sarawak takes decisive action, we remain at the mercy of others.</span></div>
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<a href="https://www.blogger.com/blogger.g?blogID=8761251441146419245#_ftnref1" name="_ftn1" style="mso-footnote-id: ftn1;" title=""><span class="MsoFootnoteReference"><span style="font-size: 11.0pt; mso-bidi-font-size: 12.0pt;"><span style="mso-special-character: footnote;"><span class="MsoFootnoteReference"><span style="font-family: "cambria" , serif; font-size: 11.0pt;">[1]</span></span></span></span></span></a><span style="font-size: 11.0pt; mso-bidi-font-size: 12.0pt;"> <span style="mso-tab-count: 1;"> </span></span><a href="http://www.reuters.com/article/us-petronas-m-a-exclusive-idUSKBN15Z0IF"><span style="font-size: 11.0pt; mso-bidi-font-size: 12.0pt;">http://www.reuters.com/article/us-petronas-m-a-exclusive-idUSKBN15Z0IF</span></a><span style="font-size: 11.0pt; mso-bidi-font-size: 12.0pt;"></span></div>
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<a href="https://www.blogger.com/blogger.g?blogID=8761251441146419245#_ftnref2" name="_ftn2" style="mso-footnote-id: ftn2;" title=""><span class="MsoFootnoteReference"><span style="font-size: 11.0pt; mso-bidi-font-size: 12.0pt;"><span style="mso-special-character: footnote;"><span class="MsoFootnoteReference"><span style="font-family: "cambria" , serif; font-size: 11.0pt;">[2]</span></span></span></span></span></a><span style="font-size: 11.0pt; mso-bidi-font-size: 12.0pt;"> <span style="mso-tab-count: 1;"> </span></span><a href="http://www.thestar.com.my/business/business-news/2017/02/21/petronas-2016-profit-margins-improve-despite-tough-environment/"><span style="font-size: 11.0pt; mso-bidi-font-size: 12.0pt;">http://www.thestar.com.my/business/business-news/2017/02/21/petronas-2016-profit-margins-improve-despite-tough-environment/</span></a><span style="font-size: 11.0pt; mso-bidi-font-size: 12.0pt;"></span></div>
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Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com5tag:blogger.com,1999:blog-8761251441146419245.post-15041979355368118962016-09-29T08:28:00.001+08:002016-09-29T08:28:24.146+08:00Sarawak's Dammed Dangerous Damshttp://feedproxy.google.com/~r/sarawakreport-mobile/~3/wn8poNt8GX8/Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-29206620989197246332016-09-29T08:27:00.001+08:002016-09-29T08:27:02.407+08:00Time's Up for Najib's Global Raiders of 1MDBhttp://feedproxy.google.com/~r/sarawakreport-mobile/~3/pyfPF8Sv9EY/Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-24922086853978809642016-01-21T21:31:00.002+08:002016-01-21T21:31:43.253+08:00More Evidence Of Jho Low's Company Paying Najib & Khadem Hundreds Of Millions <div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><img alt="NEW 1MDB BOMBSHELL - Second Jho Low Company Paid Hundreds of Millions To Both Najib Razak AND Khadem Al Qubaisi - EXCLUSIVE!" class="top-image" src="http://i0.sarawakreport.org/0/b/e/f/d/0befd3d803111a12d5ac6523b11f3261066be963.jpg" height="240" width="400" /></span>
</div>
<h1 style="text-align: justify;">
<a href="https://medium.com/@sarawakreport/new-1mdb-bombshell-second-jho-low-company-paid-hundreds-of-millions-to-both-najib-razak-and-927763e89300#.1dhcynpnv" target="_blank"><span style="font-size: small;"><span style="font-family: "verdana" , sans-serif;">NEW 1MDB BOMBSHELL - Second Jho Low Company Paid Hundreds of Millions To Both Najib Razak AND Khadem Al Qubaisi - EXCLUSIVE!</span></span></a></h1>
<h4 class="datestamp" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">21 Jan 2016</span></span></h4>
<h4 class="datestamp" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Reproduced with permission </span></span></h4>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span></div>
<div class="wp-caption alignright" id="attachment_29593" style="text-align: justify; width: 303px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Khadem signs the deal while Najib looks on - but where did all the money go from the 1MDB/Aabar "strategic partnership"?" class="size-medium wp-image-29593" data-file-id="9225" src="http://i3.sarawakreport.org/3/5/b/4/1/35b41990377b9d3b713f1c80e2c6fecd943acf86.jpg" height="400" width="303" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Khadem signs the deal while Najib looks on – but where did all the money go from the 1MDB/Aabar “strategic partnership”?</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Sarawak Report can reveal that a second Jho Low company, Blackstone
Asia Real Estate Partners Limited, has paid hundreds of millions of
dollars into the personal accounts of both the Malaysian Prime Minister,
Najib Razak and also the ex-Chairman of Abu Dhabi’s Aabar fund, Khadem
al Qubaisi.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Aabar, a subsidiary of the IPIC sovereign wealth fund, has been
enmeshed in a series of highly questionable and loss making deals with
the scandal-torn Malaysian development fund 1MDB, which is directly
controlled by Razak, using Jho Low as his proxy.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">A Sarawak Report investigation has established that Blackstone, a BVI
registered company which gives an address in Singapore, has been cited
as the sender of a series of enormous dollar currency payments to both
men between 2011 and 2012. Our information includes telegraphic
transfer documents passed through the American banking system.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The off-shore company uses a tactic familiar to watchers of Jho Low,
in that it apparently seeks to give the impression that it is associated
with the US global investment giant, the Blackstone Group. However,
there is no link whatsoever between the legitimate multi-national and
this secretive shell company.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_29600" style="text-align: justify; width: 200px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Jho Low and Li Lin live it up on the high life" class="size-thumbnail wp-image-29600" data-file-id="9228" src="http://i1.sarawakreport.org/5/8/b/5/9/58b59b7d173a45ee663967eff730aaab891ff269.jpg" height="200" width="200" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Jho Low and Li Lin enjoying the high life</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">In fact documents obtained by international investigators have
ascertained that the signatory for the company is none other that Jho
Low’s deputy, Seet Li Lin. </span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Seet also acted in the same capacity for the
notorious company <a href="http://www.sarawakreport.org/2015/12/jho-low-is-confirmed-as-the-sole-shareholder-of-good-star-major-exclusive/">Good Star Limited</a>, which lies at the heart of the 1MDB scandal and of which Low was the sole shareholder.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The records show that before it was liquidated in early 2013, just
three years after starting operations, Blackstone Asia Real Estate
Partners Limited transferred well over half a billion dollars into
accounts belonging to the two men. This was exactly the period when two
major loss-making power purchase deals were funded through billion
dollar bond issues raised under a joint guarantee by the two funds. Much
of that money appears to be unaccounted for, forming a large part of
1MDB’s current debt problems.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>Khadem scooped nearly half a billion dollars (RM2 bn)</b></span></h3>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Documents obtained by Sarawak Report show that four separate payments
were made to Khadem Al Qubaisi’s Luxembourg account at Banque Privee
Edmond de Rothschilde Europe (headquartered in Switzerland) in 2012.
The sums were enormous.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Firstly, on 29th May 2012 Blackstone Asia Real Estate Partners
transfered US$158,000,000 million into Al Qubaisi’s account, held under
the name of the The Vasco Trust, of which he was the sole beneficial
owner.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_29584" style="text-align: justify; width: 563px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Documents in the possession of SR confirm Al Qubaisi is the shareholder of Vasco Trust" class="size-large wp-image-29584" data-file-id="9219" src="http://i0.sarawakreport.org/c/2/8/7/d/c287dc705c303cbd0efea21988b7bfe26aadbe3f.jpg" height="400" width="300" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Blackstone
BVI is registered under an address in an office rental block in
Singapore – 36 Robinson Road. Documents in the possession of SR confirm
Al Qubaisi is the shareholder of Vasco Trust</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Three further payments on August 3rd, October 31st and December 4th
comprised US$100,750,000, US$129,000,000 and US$85,000,000 respectively. </span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">It makes for a total of just under half a billion dollars – over two
billion ringgit at current exchange rates, paid from a shady BVI company
into the hands of the salaried Abu Dhabi fund manager over just six
months.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_29585" style="text-align: justify; width: 561px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="How did this ex-fund manager legitimately earn this sum - or was it a kickback?" class="size-large wp-image-29585" data-file-id="9220" src="http://i0.sarawakreport.org/4/8/0/5/e/4805eaeaf46087afc75842694db91ed3dd3ce2d2.jpg" height="400" width="299" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">How did this ex-fund manager legitimately earn this sum – or was it a kickback?</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Insiders have confirmed to Sarawak Report that these payments were
regarded as kickbacks linked to Al Qubaisi’s involvement in 1MDB.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>Tell tale connections with Good Star, Jho Low and Najib Razak</b></span></h3>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">There was just one other major external transaction paid into Al
Qubaisi’s Vasco account during the same financial year – US$20,750,000
was transferred from the other secret Jho Low owned company Good Star
Limited on 20th February 2013.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_29601" style="text-align: justify; width: 750px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Transfer from Good Star into the same beneficiary account belonging to Vasco at BPERE - acc no 390 610" class="size-large wp-image-29601" data-file-id="9229" src="http://i0.sarawakreport.org/4/5/7/c/1/457c1c1d2bf8b787ae5369eca092a6acb966335a.jpg" height="126" width="400" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Transfer from Good Star into the same beneficiary account belonging to Vasco</span></span></div>
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">at BPERE – acc no 390 610</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Had there been a shortfall on the agreed Blackstone transfers, which was made up by Jho Low’s other company Good Star?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Otherwise, can the now sacked Mr Al Qubaisi explain these
extraordinary secret payments into his accounts, just in the very period
when Aabar and 1MDB were entering into a series of ‘joint investment’
deals from which billions have gone missing?</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>Payment to the Prime Minister!</b></span></h3>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">There is an even more serious angle to this explosive set of
discoveries. </span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Sarawak Report has learnt that the on-going 1MDB
investigation into Najib Razak’s AmPrivate Bank accounts in KL has also
established that enormous payments came in from the very same source a
few months earlier.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">In 2011 Blackstone Asia Real Estate Partners Limited paid a total of
US$170 million into the same private account belonging to Najib Razak
which later received US$680 million in 2013, as reported by Sarawak
Report, along with the Wall Street Journal.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Sarawak Report has already reported there had been earlier payments,
which had brought the final sum in the account to well over a billion
dollars. After the election over US$600 million was in fact sent <a href="http://www.sarawakreport.org/2015/08/pms-anonymous-donation-was-transferred-back-to-singapore-major-exclusive/">exported back </a>into personal accounts belonging to the Prime Minister in Singapore (now frozen) and the AmBank account closed.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_29603" style="text-align: justify; width: 400px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Party mode - Al Qubaisi has poured hundreds of millions into buying up nightclubs in Vegas" class="size-medium wp-image-29603" data-file-id="9230" src="http://i0.sarawakreport.org/0/7/b/6/f/07b6f599efb099df9808784dae9704af3f5029cc.jpg" height="257" width="400" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Party mode – Al Qubaisi has poured hundreds of millions into buying up nightclubs in Vegas</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">We are now able to disclose that the first of those series of
payments, totalling US$170 million came from Blackstone Asia Real Estate
Partners Limited (BVI) and it was supported by the very same identical
letter of guarantee provided by the <a href="http://www.sarawakreport.org/2015/10/his-highness-the-fake-sheikh-we-expose-najibs-mystery-donor-exclusive/">bogus sheikh</a> ‘Saud Abdulaziz Majid al-Saud’, which also backed the later US$680 million ‘donation’ in 2013.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">As we have detailed, Saud Abdulaziz Majid al-Saud has turned out not
to exist and the series of identical letters provide no details of his
address or credentials.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">No wonder the task force investigations into 1MDB ended up querying
these enormous payments as part of their remit into Malaysia’s missing
development funds.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The official investigators had clearly concluded (before they were rudely shut down, arrested, sacked and in one case <a href="http://www.sarawakreport.org/2015/11/kevin-morais-drew-up-the-charge-sheet-against-najib-and-then-sent-it-to-sarawak-report-says-brother/">murdered</a>)
that these transfers into Najib’s accounts were directly linked to the
disappearances of vast sums of money from the company’s accounts.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>History of an impersonator company</b></span></h3>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">So what of this BVI based company, which suddenly transferred so much
money into the accounts of the bosses behind Aabar and 1MDB?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Blackstone Group does indeed have a subsidiary called <a href="https://www.blackstone.com/news-views/press-releases/details/blackstone-has-15.8-billion-final-close-for-latest-global-real-estate-fund">Blackstone Real Estate Partners Asia</a>.
However, the major global player has responded to enquiries to
confirm that the almost identically named Blackstone Asia Real Estate
Partners (BVI) has nothing to do with their business.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Research into the shadowy world of BVI corporations has revealed that
this particular shell company was incorporated on November 1st 2010
under the name of Foreign FX Trading Limited and changed its name to
Blackstone Asia Real Estate Partners on 26th May 2011:</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_29581" style="text-align: justify; width: 750px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Short lived history of a shell company used to transfer hundreds of millions of dollars" class="size-large wp-image-29581" data-file-id="9217" src="http://i3.sarawakreport.org/b/3/5/e/3/b35e3515c72ada12aa011d8da82c4aa6b10a137a.jpg" height="274" width="400" /> </span></div>
<div class="wp-caption aligncenter" id="attachment_29581" style="text-align: justify; width: 750px;">
<br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Short lived history of a shell company used to transfer hundreds of millions of dollars</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Having transferred the hundreds of millions of dollars into both
Najib and Khadem Al Qubaisi’s accounts the company was put into
liquidation on 30th April 2013, just before the Malaysian general
election.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_29582" style="text-align: justify; width: 750px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Time to close down this short-lived multi-million dollar operation?" class="size-large wp-image-29582" data-file-id="9218" src="http://i3.sarawakreport.org/b/1/2/f/9/b12f941d05aa0b248de73e1ad147e02d0b9ee552.jpg" height="258" width="400" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Time to close down this short-lived multi-million dollar operation?</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Sarawak Report contends that the explanation for this series of
events is that Blackstone Asia Real Estate Partners Limited (BVI) was
merely another of Jho Low’s secretive vehicles for transferring money,
which he <a href="http://www.sarawakreport.org/2015/12/playing-games-with-names-jho-lows-modus-operandi/">habitually named </a>to sound as if they belonged to more credible working concerns.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Other such companies which we have identified as being linked to Jho
Low’s laundering activities are PetroSaudi International Limited
(Seychelles); SRG (Strategic Resouces Global); <a href="http://www.sarawakreport.org/2015/12/playing-games-with-names-jho-lows-modus-operandi/">Aabar Investments PJS</a> Ltd and Merryl Capital.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_29605" style="text-align: justify; width: 200px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Najib must explain why his anonymous donor appears to be Jho Low" class="size-thumbnail wp-image-29605" data-file-id="9232" src="http://i3.sarawakreport.org/b/e/c/e/f/becef7b267260749eeccc7c699c106e109f9b7fe.jpg" height="200" width="200" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Najib must explain why his anonymous donor appears to be Jho Low</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The same London based company, Offshore Incorporations Centre, was
employed to incorporate both Good Star Limited in the Seychelles and the
Blackstone bogus company in BVI. Sarawak Report has already <a href="http://www.sarawakreport.org/2015/12/jho-low-is-confirmed-as-the-sole-shareholder-of-good-star-major-exclusive/">confirmed</a> that international investigators have now established that the sole shareholder of Good Star is indeed none other than Jho Low.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Prime Minister Najib must surely now address what has now become
increasingly plain and obvious, which is that much of the money recorded
as having gone missing from the 1MDB/Aabar joint ventures, appears to
now have been traced into bank accounts belonging to the two main
players in these transactions – himself and Khadem Al Qubaisi.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
The facilitator in the Blackstone BVI transactions was plainly once
more Jho Low, using yet another of his web of off-shore vehicles to
shift the cash, before he liquidated it (like Good Star) in an attempt
to obliterate the evidence.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"><b>SARAWAK REPORT</b></span></div>
<b> </b> </div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-14449886052744188672016-01-20T16:39:00.000+08:002016-01-20T16:39:56.831+08:00How Najib Spent The People's Money (KWAP) Through SRC International Credit Cards<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><img alt="Najib Flashed SRC Credit Cards To Fund Multi-Million Ringgit Holiday Shopping Sprees! EXCLUSIVE" class="top-image" height="240" src="http://i3.sarawakreport.org/7/9/6/6/5/796655007aa67e1848f6c37c1fe55ec7761c29d6.jpg" width="400" /></span>
</div>
<h1 style="text-align: justify;">
<a href="http://www.sarawakreport.org/2016/01/najib-flashed-src-credit-cards-to-fund-multi-million-ringgit-holiday-shopping-sprees-exclusive/" target="_blank"><span style="font-size: large;"><span style="font-family: Verdana,sans-serif;">Najib Flashed SRC Credit Cards To Fund Multi-Million Ringgit Holiday Shopping Sprees! EXCLUSIVE</span></span></a></h1>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<h4 class="datestamp" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">20 Jan 2016</span></span></h4>
<h4 class="datestamp" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Reproduced with permission</span></span></h4>
<h4 class="datestamp" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;"></span></span></h4>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_29558" style="text-align: justify; width: 400px;">
<span style="font-family: Verdana,sans-serif;"><img alt="AG Apandi - passing the buck" class="size-medium wp-image-29558" data-file-id="9213" height="240" src="http://i1.sarawakreport.org/1/e/9/e/9/1e9e9df9ca87c8c32c6670133d8a129fce883b09.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">AG Apandi – passing the buck</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Amongst the shocking items of evidence understood to have been passed
by the MACC’s 1MDB corruption enquiry to the Attorney General were
credit card bills run up by the PM for his personal shopping on the
public company SRC International’s named company credit cards!</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">AG Mohamed Apandi, who replaced sacked Gani Patail in August after
Najib heard charges were about to be brought on the matter, is clearly
playing for time, having yesterday returned the entire dossier to the
MACC (Malaysian Anti-Corruption Commission) for ‘further
clarifications’.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Apandi, of course, comes up for retirement in just 3 weeks time on
February 11th, when he will hit 65. Najib’s uber-loyal prosecutor
Shafee Abdullah is already sworn in to replace him, which ought now to
enable Apandi to escape this hot potato (he hopes) and to pass it on to
Malaysia’s most famous legal thug.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Najib must in turn be hoping that Shafee will simply thrust the whole
dossier in the bin and continue to act as his one man legal attack unit
against anyone who threatens the ‘Big Boss’.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>One month, two credit cards and over three million ringgit!</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_29557" style="text-align: justify; width: 200px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Shafee and colleague, Tania Schivetti" class="size-thumbnail wp-image-29557" data-file-id="9212" height="200" src="http://i3.sarawakreport.org/3/2/e/a/6/32ea6be817b7e943bde165ec699661c000d18acb.jpg" width="200" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Shafee and colleague</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">However, Shafee will be landed with an uncomfortable cover-up to deal
with, simply because so many people now have the details from the
dossier and are willing to leak them – to outfits such as Sarawak
Report.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Last year we <a href="http://www.sarawakreport.org/2015/08/hey-big-spender/">already reported</a>
that Najib and his wife splashed huge sums of money during August 2014
on credit cards for their European holiday. We are now able to furnish
further details of the expenditure, information which we are reliably
informed is included in the MACC dossier, which Apandi has decided to
sidestep.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The two cards involved were a Visa card issued by CIMB (no: 4585 8180
0000 5496) on which RM449,000 was spent and a Master Card issued by
Maybank (no: 5289 4380 0003 8961) on which RM2.8 million was spent in
the course of the month of August in 2014.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Items funded included hotels, meals, jewellery purchases and other
personal luxury expenditures in the South of Europe, including Italy and
Monaco.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_29556" style="text-align: justify; width: 200px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Rosmah - the mystery over who funds her big jewellery is starting to unravel as more and more public money has shown up in Najib's spending patterns. " class="size-thumbnail wp-image-29556" data-file-id="9211" height="200" src="http://i0.sarawakreport.org/4/0/0/5/8/400586a86c419369c176f19e66a9dca9ad21a814.jpg" width="200" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Rosmah
– the mystery over who funds her big jewellery is starting to unravel
as more and more public money has shown up in Najib’s spending patterns.</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The devastating detail, which makes this expenditure so toxic for a
Prime Minister who has spent the last year trying to explain the source
of his ostentatious wealth, is that both cards were in name of the
company <a href="http://www.sarawakreport.org/2015/07/sensational-findings-prime-minister-najib-razaks-personal-accounts-linked-to-1mdb-money-trail-malaysia-exclusive/">SRC International, </a>which began as a subsidiary of 1MDB before it was taken over by the Finance Ministry directly (Najib is also Finance Minister).</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>Toxic company</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">SRC International was famously launched with a RM4 billion loan from
the public pension fund KWAP and has from the very beginning been
embroiled in controversy over its opaque operations and lack of
accountability. The Chief Executive of SRC was none other than <a href="http://www.sarawakreport.org/2015/03/project-uganda-why-was-a-ubg-executive-employed-as-1mdbs-investment-manager-during-petrosaudis-loan-and-buy-out-negotiations/">Nik Faisal Arif Kamil</a>,
who is currently a fugitive in Indonesia and at the centre of the
scandal relating to the missing monies from 1MDB and tycoon Jho Low’s
sale of UBG.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">After public demands for greater accountability over SRC in the 1MDB
accounts, Najib in his dual capacity as Minister of Finance took the
company directly under the Ministry of Finance and opposition parties
have consistently campaigned for proper accountability over whatever has
happened to the mission RM4 billion pension fund ‘investment’.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The crisis of confidence deepened after Sarawak Report and the Wall Street Journal <a href="http://www.sarawakreport.org/2015/07/sensational-findings-prime-minister-najib-razaks-personal-accounts-linked-to-1mdb-money-trail-malaysia-exclusive/">reported in detail </a>how
RM42 million was funnelled in late 2014 early 2015 by Nik Kamil from
SRC into Najib’s personal accounts in KL – an allegation that the Prime
Minister has signally failed to refute.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_29559" style="text-align: justify; width: 200px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Nik Faisal Arif Kamil, who fled to Jakarta to evade questioning" class="size-thumbnail wp-image-29559" data-file-id="9214" height="200" src="http://i0.sarawakreport.org/0/6/2/2/5/06225dbeb83e5720b45cfc41cd5a993d20d8b355.jpg" width="200" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Nik Faisal Arif Kamil, who fled to Jakarta to evade questioning</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This new information that Najib was also using SRC International’s
company credit cards to fund his private jet-setting the previous August
helps to further explain how it is that the establishment in KL is
buzzing with the news that a slew of suggested criminal charges have now
been brought against Najib by the MACC, which was the task force
responsible for examining the SRC angle of the 1MDB corruption probe.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Opposition DAP MP Tony Pua has constantly repeated his complaint that
virtually none of the RM4 billion borrowed from KWAP has been properly
accounted for by SRC. His concerns were not allayed by a Prime
Ministerial statement last year, which referred to an investment in a
Mongolian coal mine as the major venture in which SRC was involved.
After all, Sarawak Report was able to <a href="http://www.sarawakreport.org/2015/04/mongolian-mystery-over-more-missing-millions-from-1mdb/">expose that investment</a> as a relatively minor expenditure, worth at the most US85 million.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>Jho Low’s games with names have included SRC International</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Sarawak Report has also pointed out that the Prime Minister’s proxy,
the businessman Jho Low, has been further identified as the owner of the
similarly named <a href="http://www.sarawakreport.org/2015/05/1mdbs-aabar-connection-more-questions-over-cepsas-coastal-energy-buy-out-with-jho-low/">SRC Global</a>,
which was involved in a private business venture to buy out Canada’s
Coastal Energy together with the sacked former Abu Dhabi Aabar fund
manager Khadem Al Qubaisi, who had extensive dealings with 1MDB.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It is just one of a series of dealings involving Low where confusion
of ownership appears to have been deliberately sown the use of names
similar to companies owned by 1MDB or other major concerns.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Investigations show that the same circle of contacts Najib Razak and
his family, Jho Low and Khadem Al Qubaisi have appeared time and again
in a series of business dealings both public and private, but all funded
by Malaysia’s public money raised by the Prime Minister.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>AG’s hot potato</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Yesterday’s boomeranging of the MACC dossier makes plain that Apandi
is set on sitting out this particular dilemma and passing on the entire
toxic mess to his eager successor, Shafee Abdullah. It offers Shafee
the choice of becoming identified as wholly complicit in a cover up if
he then closes the case or of turning on his key client for the past
decade.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Certainly, this would not be the first time that Shafee will have
been called on as a fixer of scandals involving the present Prime
Minister. In fact, Shafee has been on hand for just about every other
major reputational danger that has enveloped Najib in the past.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It was Shafee who<a href="https://sloone.wordpress.com/2008/10/12/controversial-sms-suggest-najib-interfered-in-the-altantuya-case/"> waded in to help</a>
during the Altantuya murder case and organised for top suspect Najib’s
proxy Razak Baginda to be removed as a defendent; Shafee who was found
to have together with Najib interviewed the accuser of Anwar Ibrahim the
day before that young man reported a sodomy allegation and then he
again who prosecuted the case against the opposition leader, despite
complaints over the conflict of interest and Shafee who appeared in the
hospital, apparently representing no one, on the day of the
assassination of the AmBank founder Hussein Najadi, in order to inform
the family that the body would be given a Muslim burial the very next
day – before they could reach KL.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This time, however, Najib’s master fixer may find the evidence less
amendable to disappearance as he steps into his new job at the centre of
an unprecedented political scandal in Malaysia, not least because the
SRC investigation itself pales into insignificance compared to the vast
sums that also reached Najib’s private accounts from a series of BVI
companies – guaranteed by a <a href="http://www.sarawakreport.org/2015/10/his-highness-the-fake-sheikh-we-expose-najibs-mystery-donor-exclusive/">Sheikh</a>, who turned out not to actually exist.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
[More on Najib’s finances to come for the readers of Sarawak Report]</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"> </span></div>
<div style="text-align: justify;">
<b><span style="font-family: Verdana,sans-serif;">SARAWAK REPORT</span></b></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"> </span></div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-48626579465397987542016-01-19T01:00:00.001+08:002016-01-19T01:00:43.044+08:00Malaysia's Chief Kleptocrat PM & Wife Hope To Escape With The Money<div dir="ltr" style="text-align: left;" trbidi="on">
<img alt="Najib Negotiates His Exit BUT He Wants Safe Passage AND All The Money! EXCLUSIVE DISCLOSURE" class="top-image" height="240" src="http://i1.sarawakreport.org/5/8/e/d/9/58ed92e3503f72bd138ac0af2e3f866221227f46.jpg" width="400" />
<br />
<h1>
<a href="http://www.sarawakreport.org/2016/01/najib-negotiates-his-exit-but-he-wants-safe-passage-and-all-the-money-exclusive-disclosure/" target="_blank"><span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">Najib Negotiates His Exit BUT He Wants Safe Passage AND All The Money! EXCLUSIVE DISCLOSURE</span></span></a></h1>
<h4 class="datestamp" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">17 Jan 2016</span></h4>
<h4 class="datestamp" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><span style="font-size: x-small;">Reproduced with permission</span> </span></h4>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_29501" style="text-align: justify; width: 218px;">
<span style="font-family: Verdana,sans-serif;"><img alt="All the perfumes of Arabia, but can Najib get off the hook?" class="size-full wp-image-29501" data-file-id="9194" height="336" src="http://i3.sarawakreport.org/7/b/2/0/9/7b209ffab891b9da7c93939ecdee9aa283edf562.jpg" width="218" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">All the perfumes of Arabia, but can Najib get off the hook?</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The new Attorney General Mohamed Apandi may by now be wishing he had not taken the job.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">His predecessor was unconstitutionally booted out by the Prime
Minister in July for bringing forward charges based on the purloining of
millions from the pension fund KWAP into Najib’s own private accounts.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Now the Malaysian Anti-Corruption Commission (MACC) has completed its
investigation into the matter and placed a dossier on Apandi’s desk,
which according to several sources, contains no less than 37 separate
charges against Najib, based on the same evidence.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Moreover, Apandi is aware that this evidence has now been widely
distributed and is known to all the top brass in UMNO, making a
protracted cover-up extremely hard to achieve.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>Kevin Morais</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In November this AG had issued a bald lie following the brutal kidnap
and shocking murder of Kevin Morais, who had been the public prosecutor
tasked with drawing up the original charges for the MACC. Apandi
stated that Morais had had<a href="http://www.thesundaily.my/news/1622658"> no role in the investigation</a>.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_29506" style="text-align: justify; width: 376px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Murdered Kevin Morais" class="size-medium wp-image-29506" data-file-id="9198" height="400" src="http://i2.sarawakreport.org/2/b/7/1/9/2b719251f9bc6dcf4b667e4fda78b08e5b87e5d0.jpg" width="376" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Murdered Kevin Morais</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">However, it is now widely established that Kevin was indeed the key
prosecutor on the case and he is believed to have been the source of the
<a href="http://www.sarawakreport.org/2015/07/arrest-warrant-for-the-prime-minister-the-real-reason-the-attorney-general-was-fired-exclusive/">leak</a> of the original charge sheets drawn up against Najib to this news portal.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Before he was abducted (and on the advice of Sarawak Report to the
then anonymous whistleblower) Morais also sent the contents of his
laptop file on the investigation to a number of trusted confidants –
these are now waiting to see if Malaysia’s own forces of law and order
are going to do their job or if they will need to release the
information separately.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It makes for a difficult situation for Apandi and Special Branch are
known to have been trawling the friends and relatives of Kevin Morais in
an unsuccessful bid to secure the return of these sets of documents.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Since these authorities seized the relevant laptop from Kevin’s flat
shortly after he was abducted, they are also fully aware of just how
much information was passed out by the whistleblower before he was
silenced. He himself had explained his motives in a series of emails to
Sarawak Report at the time. His sentiments included these words on
behalf of those in the civil service trying to bring out the truth:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">““The police continue to be rather aggressive in trying
to uncover the sources of the leaks. And not actually trying to nab the
lunatic on top of the pyramid, running this country to the ground just
so his arse is saved… and I’m not sure if we’ll be able to stop this
lunacy.”</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The information now thus at large from the investigation is said to
include copies of the bank statements showing how RM42 million, which
was passed into one of Najib Razak’s personal accounts from 1MDB, under
the auspices of “Corporate and Social Reponsibility” payments, was
actually spent by the Prime Minister.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It was back in July that Sarawak Report together with the Wall Street Journal<a href="http://www.sarawakreport.org/2015/07/sensational-findings-prime-minister-najib-razaks-personal-accounts-linked-to-1mdb-money-trail-malaysia-exclusive/"> published details</a>
from the 1MDB investigation that showed the exact trail of the money:
an original RM4 billion had been borrowed from the KWAP public pension
fund by a subsidiary of 1MDB named SRC International Sdn Bhd; then
between December 2014 and February 2015 a total of RM42 million was
siphoned out of SRC through two intermediary companies controlled by
1MDB executive Nik Faisal Ariff Kamil (Gandingan Mentari Sdn Bhd) and
Datuk Shamsul Anwar Sulaiman (Ihsan Perdana Sdn Bhd). The latter has
already been arrested and interviewed by investigators, whilst Nik Kamil
has fled to Jakarta.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_29488" style="text-align: justify; width: 750px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Transfer 1" class="size-large wp-image-29488" data-file-id="9189" height="318" src="http://i2.sarawakreport.org/2/4/5/1/a/2451a87383ecc89212f403bda225f34392bd52ec.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Transfer 1</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div class="wp-caption aligncenter" id="attachment_29487" style="text-align: justify; width: 750px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Transfer 2" class="size-large wp-image-29487" data-file-id="9190" height="228" src="http://i1.sarawakreport.org/d/0/b/9/6/d0b967834a058625a30f8874e30eab80e77fce66.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Transfer 2</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Najib has said that none of this public money was spent on personal
things. However, those who have seen the relevant bank statements have
told Sarawak Report that there were several expensive shopping items
recorded, many bought on foreign trips.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The whistleblower himself had detailed to Sarawak Report during email correspondence in August:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“<span lang="EN-US">Actually, the spending .. was rather
mundane. Credit card bills, shopping, suppliers to the last elections
that had not gotten paid because BNM had frozen the accounts of other
proxy companies, that sort of stuff.” </span></span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It is the shocking source of this money that is most damaging in this
case – public pension fund money, which was spent by the Prime Minister
on his family’s notorious ostentatiousness and extravagance abroad.
Can it get worse than that?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Unfortunately, the answer is that yes it can and it is the further
evidence against Najib which is making the situation even more
impossible for the Prime Minister and his allies to contain, not least
because whilst the SRC scandal is localised, the other graft allegations
involve massive dollar currency transactions and implicate foreign
banks, which the FBI and other international regulators are now publicly
investigating.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_29503" style="text-align: justify; width: 650px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Mr and Mrs brought religion onto their side in December. Rosmah is also a notorious practitioner of black magic. Nevertheless they have spent New Year negotiating." class="size-full wp-image-29503" data-file-id="9196" height="450" src="http://i2.sarawakreport.org/a/e/4/7/c/ae47c258884ac4831916fe54f3181545ca711386.jpg" width="650" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Mr
and Mrs Najib Razak turned to religion over December. Rosmah is also a
notorious practitioner of black magic as a way of advancing her ends.
Nevertheless the couple spent New Year negotiating.</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>“It is not RM2.6 billion it is RM4 billion”!</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Indeed, for the Najib loyalist Apandi the problems merely begin with
that MACC dossier, which has been sizzling on his desk since before
Christmas, awaiting action.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">On top of those 37 charges relating to SRC International there
remains the issue of the far larger sum of money paid from a number of
mysterious off-shore entities into a separate AmBank account belonging
to the Prime Minister.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Sarawak Report and the Wall Street Journal have also published the
details of two of those payments, made from a BVI entity named Tanore
Finance Corporation just before the general election.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_29489" style="text-align: justify; width: 613px;">
<span style="font-family: Verdana,sans-serif;"><img alt="The monster RM2.6 billion payment" class="size-full wp-image-29489" data-file-id="9191" height="231" src="http://i0.sarawakreport.org/c/c/d/4/2/ccd4267ce024c60ac00d6dbb263c5cecbe41a421.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">The monster RM2.6 billion payment</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Sarawak Report has further detailed how the money came into Najib’s AmBank account, via the Abu Dhabi Aabar fund’s <a href="http://www.sarawakreport.org/2015/07/scrutiny-centres-on-tun-razak-exchanges-us3-billion-bond-issue-1mdb-scandal/">Falcon Bank,</a>
just days after Goldman Sachs had negotiated a massive US$3 billion
bond issue in order to fund a supposed strategic partnership between
1MDB and Aabar.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Records show that much of the money from the series of bond deals
between these two funds has gone missing and the Chairman of Aabar was <a href="http://www.sarawakreport.org/2015/09/abu-dhabis-dilemma-over-1mdb-dig-in-deeper-or-cut-loose-now/">sacked</a> shortly after the 1MDB scandal broke last year.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">What is now widely known in UMNO’s upper circles, thanks to further
investigations by Malaysian task forces, is that this RM2.6 billion
transaction in March 2013 was just a portion of the money which went
into Najib’s same AmBank account during the period after 2011.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_29512" style="text-align: justify; width: 350px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Najib's story about an anonymous Sheikh has not washed with UMNO - especially since the money has never come to the party itself!" class="size-full wp-image-29512" data-file-id="9199" height="264" src="http://i2.sarawakreport.org/2/7/b/0/e/27b0e5580b0c0c3a4ef27e5a5e78044d47a0af6d.jpg" width="350" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Najib’s
story about an anonymous Sheikh has not washed with UMNO – especially
since the money has never come to the party itself!</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">As Sarawak Report has already <a href="http://www.sarawakreport.org/2015/08/pms-anonymous-donation-was-transferred-back-to-singapore-major-exclusive/">pointed out</a>, there were at least two further sets of payments again worth billions of ringgit.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Most of this money, which Najib now claims was supposed to help UMNO
win in elections, was never spent. The majority was sent back to into
Najib Razak’s private account in Singapore straight after the election
was over and the KL account was closed.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">These facts, now widely known within UMNO’s top circles, make a
mockery of the lame and unsubstantiated excuse eventually provided by
Najib that this was money donated by an anonymous <a href="http://www.sarawakreport.org/2015/10/his-highness-the-fake-sheikh-we-expose-najibs-mystery-donor-exclusive/">Middle Eastern royal</a>, who was supposedly in the habit of handing vast sums to friendly foreign politicians to assist in their elections.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Not only would such a secret private political donation by a foreign
potentate have been illegal, but the money plainly ended up in Najib’s
private foreign bank accounts, where much of it remains frozen in
Singapore.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The UMNO warlords have now acquired all the details, Sarawak Report
has been reliably informed – and they are naturally furious on all
counts. This is a genie that cannot be returned into the bottle. One
UMNO insider has told Sarawak Report that all the party bigwigs now
know:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“He didn’t just take the famous RM2.6 billion, it was RM4 billion and more”!</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>The game is up, but has Najib grasped the new realities?</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It is because of this intractable mess that, behind a facade of UMNO
unity and relentless PR about the ‘crisis being over’, stealthy talks
were carried out at the highest levels in a series of locations over the
New Year holiday break.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“Appearances are being maintained”, <em>one insider told SR,</em>
“there have been the usual lavish events and appearances and of course
Rosmah is still determined not to let go, but there have been
negotiations in Tokyo and Dubai. Najib knows the game is up, but he
does not appreciate the reality of his situation. He is a dead duck and
yet he is trying to negotiate a safe exit along with a guarantee of all
the stolen money! The others will not agree.”</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">There are other factors prolonging Najib’s stay in office. UMNO’s
top brass may have agreed that he must go, but they are fighting over
who succeeds. Zahid has made clear that he aims to take over from his
Deputy Prime Minister’s position. However, others have pointed out that
this forceful politician was promoted by Najib himself in response to
the corruption crisis, replacing the Deputy Leader of UMNO, Muhyiddin
Yassin, now banished from the inner circle of government and therefore
far less contaminated by events.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The UMNO constitution also demands that it is the party that should
choose its leaders, which puts Muhyiddin Yassin in line for the
succession, not Zahid. Thus the arguments are not about whether Najib
should go, but over who should succeed him and on what terms Najib
should leave.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>Nowhere to go!</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The other major sticking point delaying Najib’s departure is the
thorny issue of his criminal actions. The Prime Minister knows the game
is up, say insiders. With the economy in free fall and the country
enmeshed in top-down corruption, he sees little glory either to be
gained from hanging out for a further election win.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“He wants out, but he can’t get out” <em> speaks another source. </em>“He
has run the economy into the ground and has charges levelled against
him, but he still thinks he should get a royal goodbye”.</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Plenty of others would like to see Najib and Rosmah both jailed.
After all, the money in Rosmah’s own frozen accounts in KL is also in
the order of hundreds of unexplained millions, with plenty of stories in
the wings relating to crony contracts and the exploitation of public
funds.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Yet the ‘First Couple’ are not only hanging out for full immunity and
safe passage abroad in the course of the on-going negotiations with
their colleagues, they also want to keep the dosh!</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_29504" style="text-align: justify; width: 226px;">
<span style="font-family: Verdana,sans-serif;"><img alt="RPK penning accusations against Rosmah's targets." class="size-full wp-image-29504" data-file-id="9197" height="282" src="http://i3.sarawakreport.org/b/6/b/c/8/b6bc8c64996047bb9b22ae79101ea502cac1f1f8.jpg" width="226" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">RPK penning accusations against Rosmah’s targets.</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">UMNO warlords who have failed to see eye to eye with Rosmah on this
matter are said to have found themselves treated to scurrilous
accusations from her client blogger, the UK-based ‘RPK’, a form of
retaliation which has not been appreciated.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The present deadlock has been further strengthened by the fact that
Najib appears to have encountered a worrying shortage of willing foreign
bolt holes.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Turkey has rejected his asylum request and various Middle
Eastern countries have simply failed to reply to his entreaties.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The much vaunted Kazakhstan is apparently not actually Rosmah’s kind
of place. Besides, the couple’s new in-laws, while not lacking in
pretension, are regarded as persona non grata with the powers that be.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">What all this means is that beneath the apparent calm awaiting
Najib’s presentation of his gloomy, revised 2016 budget (a stark
recognition of the dire state the economy has reached under his watch)
there is an explosive situation waiting to erupt. When it does, the
changes are likely to come quickly.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Yet, whilst all this festers, insiders have told SR, Najib is falling
prey to every political and financial demand. The wounded PM can’t say
no to anybody as he attempts to shore up his support:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“Everyone is going for bribes and contracts and then when that is not enough they come back for more bribes” <em>detailed one disgusted onlooker. “</em>They are feeding on the carcass of Malaysia’s blighted economy, while Najib tries to stay in office that little bit longer”</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
It is a given of politics that once a Prime Minister starts to open
even the discreetest of negotiations about his exit there can really be
no going back. But, how this fraught situation will be ultimately
resolved and what will happen to Najib when the dam bursts is still a
guessing game for the insiders, who have been speaking to Sarawak Report.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"> </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><b>SARAWAK REPORT</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><b> </b> </span></div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-82066954507884918702015-12-20T13:25:00.000+08:002015-12-20T13:25:57.959+08:00What The European Parliament Thinks Of Najib's Regime<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Verdana,sans-serif;"><br /></span></div>
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<span style="font-family: Verdana,sans-serif;"><img alt="The European Parliamentary Resolution On Malaysia - In Full" class="top-image" height="240" src="http://i1.sarawakreport.org/9/7/c/6/1/97c6126114d4820b5a5ae8ec9dba1f9427307fde.jpg" width="400" /></span>
</div>
<h1 style="text-align: justify;">
<a href="http://www.sarawakreport.org/2015/12/the-european-parliamentary-resolution-on-malaysia-in-full/" target="_blank"><span style="font-size: large;"><span style="font-family: Verdana,sans-serif;">The European Parliamentary Resolution On Malaysia - In Full</span></span></a></h1>
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<a href="http://www.sarawakreport.org/2015/12/the-european-parliamentary-resolution-on-malaysia-in-full/" target="_blank"><span style="font-size: large;"><span style="font-family: Verdana,sans-serif;"></span></span></a></div>
<h4 class="datestamp" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">19 Dec 2015</span></span></h4>
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<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<b><span style="font-family: Verdana,sans-serif;">Reproduced with permission</span></b></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"> </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Europe has woken up to the corruption and human rights abuses in
Malaysia, thanks to the dedication and advocacy of brave campaigners…
and also to the astonishing, headline catching abuses of Najib Razak
himself over the past weeks.</span></div>
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<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_29133" style="text-align: justify; width: 400px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Europe's democracies reminded of their strong ties with Malaysia and deplored the recent descent into dictatorship" class="size-medium wp-image-29133" data-file-id="9055" height="251" src="http://i0.sarawakreport.org/c/c/2/f/e/cc2fe61fa3eee114e505968ba45712f68232d0c7.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Europe’s democracies reminded of their strong ties with Malaysia and deplored the recent descent into dictatorship</span></span></div>
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</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This is a time when Europe is concerned about extremism and violence targeted mainly at their own countries.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Even so, the representatives here were not prepared to be gulled into
accepting Najib’s clampdowns on his own people and his own party under
the excuse of so-called anti-terrorism measures. They can see that by
stamping on people’s liberties and rights Najib is creating the
conditions for terror and instability, not the other way around.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The resolution shows Najib has fooled nobody in the world but himself
and the self-interested flunkeys whom he has paid to support him. The
full <a href="http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-%2F%2FEP%2F%2FTEXT+TA+P8-TA-2015-0465+0+DOC+XML+V0%2F%2FEN&language=EN">resolution of the European Parliament</a> is below and you can watch the debate on the resolution <a href="http://www.europarl.europa.eu/ep-live/en/plenary/video?debate=1450347446009">here</a>:</span></div>
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<br /></div>
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<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong><span class="italic">The European Parliament,</span></strong></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to its previous resolutions on Malaysia,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to its resolution of 15 January 2014 on the future of EU-ASEAN relations<a href="http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-%2F%2FEP%2F%2FTEXT+TA+P8-TA-2015-0465+0+DOC+XML+V0%2F%2FEN&language=EN#def_1_1" name="ref_1_1"><span class="sup">(1)</span></a> ,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the Statement by the EEAS Spokesperson of 15
April 2015 on the recently adopted amendment to the Sedition Act in
Malaysia,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the Statement by the EEAS Spokesperson of 17
March 2015 on the arrest of Nurul Izzah, opposition Member of Parliament
in Malaysia,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the Statement by the EEAS Spokesperson of 10
February 2015 on the conviction of Malaysian opposition politician Anwar
Ibrahim,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the EU Strategic Framework on Human Rights,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the Statement by the UN High Commissioner for
Human Rights of 9 April 2015 on draft anti-terror and sedition laws,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the joint press release by the EEAS on the EU-ASEAN policy dialogue on human rights of 23 October 2015,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the EU Guidelines on Human Rights Defenders,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to UN Universal Periodic Review session of October 2013,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the report of the Special Rapporteur on trafficking in persons of June 2015,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the second Universal Periodic Review of Malaysia
before the UN Human Rights Council, and its recommendations, of October
2013,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the Universal Declaration of Human Rights of 1948,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the United Nations Declaration on Human Rights Defenders of 1998,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the International Covenant on Civil and Political Rights (ICCPR) of 1966,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the UN Convention against Torture and Other
Cruel, Inhuman or Degrading Treatment or Punishment (CAT) of 1984,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to the Association of Southeast Asian Nations Human Rights Declaration,</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">– having regard to Rules 135(5) and 123(4) of its Rules of Procedure,</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">A. whereas the EU regards Malaysia as a key political and economic
partner in South-East Asia; whereas the EU and Malaysia are negotiating a
Partnership and Cooperation Agreement and a Free Trade Agreement;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">B. whereas the space for public debate and free speech in Malaysia
is rapidly narrowing as the government resorts to vaguely worded
criminal laws to silence its critics and quell public discontent and
peaceful expression, including debates on matters of public interest;
whereas these laws include the Sedition Act, the Printing Presses and
Publications Act, the Communications and Multimedia Act and the Peaceful
Assembly act, amongst others;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">C. whereas on 3 December 2015 the National Security Council Bill was
passed in the Malaysian Parliament by a majority vote; whereas the bill
grants the National Security Council led by the Prime Minister sweeping
powers to declare a state of emergency in any area deemed a security
risk, giving broad powers of arrest, search and seizure without warrant;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">D. whereas under the Sedition Act alone at least 78 people have been investigated or charged since the beginning of 2014;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">E. whereas former opposition leader Anwar Ibrahim was sentenced on
charges of sodomy in February 2015 following a politically motivated
prosecution which resulted in criminal proceedings that failed to meet
international standards of fair trial; whereas he has been denied
appropriate medical care;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">F. whereas LGBTI people in Malaysia are criminalised under the
country’s anti-sodomy law and regional laws prohibiting cross-dressing,
and face political hate speech, arbitrary arrest, physical and sexual
assault, imprisonment, and other abuses;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">G. whereas Malaysian cartoonist Zulkiflee Anwar Ulhaque (Zunar) is
facing charges under the Sedition Act following critical tweets against
the government with regard to the sentencing of Anwar Ibrahim; whereas
blogger Khalid Ismath and academic Azmi Sharom face similar charges;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">H. whereas the Malaysian Anti-Corruption Commission has questioned
the Prime Minister in connection with graft allegations after the
discovery of over 600 million euros in his bank account without any
justification of source and purpose, as well as on separate allegations
that hundreds of millions of euros were missing from deals involving a
state firm he launched, 1Malaysia Development Berhad (1MDB);</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">I. whereas media outlets and publishing houses have faced
restrictions under the Printing Presses and Publications Act following
reporting about these allegations, and whereas lawyer Matthias Chang and
politician Khairuddin Abu Hassan were arrested following their
investigations into these allegations;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">J. whereas the High Representative raised concerns regarding the
abusive use of criminal laws during her visit to Malaysia on 5-6 August
2015;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">K. whereas, according to the UN and NGOs, the Malaysian police
forces have increasingly resorted to acts of torture, late night
arrests, unjustifiable remands and selective prosecution;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">L. whereas Malaysia continues to practice the death penalty with up to 1 000 prisoners currently on death row;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">M. whereas Malaysia is a Member of the UN Security Council and the
current ASEAN Chair, and the 27th ASEAN Summit was held in Kuala Lumpur
from 18 to 22 November 2015;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">1. Reaffirms the EU’s strong commitment to the Malaysian people with
whom the EU has strong and longstanding political, economic and
cultural ties;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">2. Deplores the deteriorating human rights situation in Malaysia and
in particular the crackdown on civil society activists, academics,
media and political activists; expresses concern with regard to the
spike in the number of people facing charges or arrest under the
Sedition Act;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">3. Is particularly concerned about the adoption of the National
Security Council Bill and urges its withdrawal; calls on the government
to maintain a proper balance between the need to safeguard national
security and the imperative to protect civil and political rights;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">4. Urges the Malaysian Government to immediately release all
political prisoners, including former opposition leader Anwar Ibrahim,
and to provide them with appropriate medical care, and to drop
politically motivated charges, including those against cartoonist
Zulkiflee Anwar Haque (Zunar), blogger Khalid Ismath, academic Azmi
Sharom, political dissidents Khairuddin Abu Hassan and Matthias Chang,
and human rights activists Lena Hendry and Maria Chin Abdullah;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">5. Urges the Malaysian authorities to repeal the Sedition Act and to
bring all legislation, including the Prevention of Terrorism Act, the
Printing Presses and Publications Act, the Communications and Multimedia
Act, the Peaceful Assembly Act, and other relevant provisions of the
penal code, in line with international standards on freedom of
expression and assembly and the protection of human rights; calls on the
Malaysian authorities to facilitate peaceful assemblies, and to
guarantee the safety of all participants and their freedom of expression
across the whole country;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">6. Urges the establishment of the Independent Police Complaints and
Misconduct Commission (IPCMC), as recommended by the Police Commission
of Inquiry in 2005, to investigate allegations of torture and deaths in
police custody;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">7. Underlines the importance of independent and transparent
investigations into the graft allegations, and of full cooperation with
the investigators; urges the Malaysian Government to refrain from
putting pressure on the Malaysian Anti-Corruption Commission and media;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">8. Deeply deplores the rise of supremacist groups which contribute further to the creation of ethnic tensions;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
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<span style="font-family: Verdana,sans-serif;">9. Encourages the Malaysian Government to open a dialogue with opposition parties and civil society stakeholders;</span></div>
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</span></div>
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<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">10. Calls on the Malaysian Government to ratify key international
human rights conventions, including the ICCPR, the ICESCR, the CAT, the
ICERD, ILO Convention 169, the ICC Rome Statute, as well as the 1951
Convention Relating to the Status of Refugees and its optional protocol;</span></div>
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</span></div>
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<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">11. Asks the Malaysian Government to extend a standing invitation to
all the UN Special Procedures, thereby enabling special rapporteurs to
visit Malaysia without asking for an invitation;</span></div>
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</span></div>
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<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">12. Reiterates its position that the death penalty is a cruel,
inhumane and degrading treatment, and calls on Malaysia to introduce a
moratorium as the first step towards the abolition of the death penalty
for all offences and to commute all death sentences to prison terms;</span></div>
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</span></div>
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<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">13. Calls on the EU and its Member States to coordinate policies
towards Malaysia, in line with the EU Strategic Framework on Human
Rights, in order to encourage reform on the above issues of concern
through all possible means, including in the context of the UN where
Malaysia is a non-permanent member of the Security Council in 2015-2016;</span></div>
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</span></div>
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<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">14. Urges the EU Delegation to Malaysia to step up efforts to
finance projects on freedom of expression and reforming repressive laws,
and to use all appropriate tools, including the European Instrument for
Democracy and Human Rights, to protect human rights defenders; urges
the withdrawal of the anti-sodomy law and calls on the EEAS, in line
with the EU guidelines on the protection and promotion of the rights of
LGBTI persons, to step up its work on the rights of LGBTI people in
Malaysia who face violence and persecution, and to aim in particular
towards the decriminalisation of homosexuality and transgenderism;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">15. Reaffirms the importance of the EU-ASEAN policy dialogue on
human rights as a useful tool to exchange good practices and promote
capacity-building initiatives;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">16. Calls on the Commission to make sure that human rights concerns
are duly taken into account during future negotiations on an EU-Malaysia
FTA and PCA;</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"> </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">17. Instructs its President to forward this resolution to the
Council, the Commission, the Vice-President of the Commission/High
Representative for Foreign Affairs and Security Policy, the parliaments
and governments of the Member States, the parliament and government of
Malaysia, the United Nations High Commissioner for Human Rights and the
governments of the ASEAN Member States.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"> </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><b>Sarawak Report</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><b> </b> </span></div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-62593414398365482932015-12-18T06:58:00.000+08:002015-12-18T06:58:01.957+08:00Sarawak's Unaccounted For Borrowings<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Verdana,sans-serif;"><img alt="Sarawak's Frail 'Democracy' Exposes Its Failings With Suspension Of Opposition Leader" class="top-image" height="240" src="http://i1.sarawakreport.org/d/8/b/f/3/d8bf3c1e541f861519873e538ecb3b200ca791b4.jpg" width="400" />
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<h1 style="text-align: left;">
<span style="font-size: large;"><a href="http://www.sarawakreport.org/2015/12/sarawaks-frail-democracy-exposes-its-failings-with-suspension-of-opposition-leader/" target="_blank"><span style="font-family: Verdana,sans-serif;">Sarawak's Frail 'Democracy' Exposes Its Failings With Suspension Of Opposition Leader</span></a></span></h1>
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<h4 class="datestamp" style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">16 Dec 2015</span></span></h4>
<h4 class="datestamp" style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><span style="font-size: x-small;">Reproduced with permission</span> </span></span></h4>
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</span></span></div>
<div class="icl_post_in_other_langs" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This post is also available in:
<a href="http://www.sarawakreport.org/ms/2015/12/demokrasi-sarawak-yang-tenat-mendedahkan-kegagalannya-dengan-penggantungan-ketua-pembangkang/">Malay</a></span>
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</span></div>
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<span style="font-family: Verdana,sans-serif;">YB Chong is the leader of Sarawak’s largest opposition party,
Democratic Action Party (DAP). He is also the elected representative of
the Kota Sentosa Kuching constituency in the heart of the State’s
capital city, comprising some 25,000 voters.</span></div>
<div style="text-align: justify;">
<br /></div>
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</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Yesterday, the Speaker of the Assembly, Amar Mohamad Asfia,
nonetheless booted him out of the Assembly, for what he and 35 BN
representatives considered to be an ‘<a href="http://www.theborneopost.com/2015/12/15/chong-chieng-jen-suspended-for-remainder-of-dun-sitting/">insulting</a>‘ speech, in which he complained of ‘David Copperfield accounting’ in the state.</span></div>
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</span></div>
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<span style="font-family: Verdana,sans-serif;">He will be banished for the remainder of the session, which granted
in Sarawak can only mean a few days, since no session of the DUN is ever
allowed to last more than a couple of weeks in this so-called
democracy.</span></div>
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</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It is relevant to note that Asfia himself is not himself elected and
in fact represents nobody but Taib Mahmud. The Governor appointed him
back in 2000 and he has been acting as the DUN headmaster ever since –
shutting people up, switching off microphones and telling YBs what they
can and cannot do.</span></div>
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</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">So, under this singular arrangement, the Speaker in Sarawak (and
Sabah) is not a member of the house, chosen by his fellow YBs, as with
normal parliaments across the world, but an unelected bureaucrat
selected by the head of the executive, the Chief Minister himself.</span></div>
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<br /></div>
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</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This one anomaly turns the tables on democracy, because it means that
the elected representatives of the people, are not in fact in charge
of the executive, which is their legal role as the ultimate authority in
the state.</span></div>
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</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Instead, it is the executive which appoints this lapdog Speaker, who
calls the shots over the elected assembly and selectively ‘punishes’
those who cause problems for the Chief Minister.</span></div>
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</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Other democratic parliaments across the world would gasp at such an
authoritarian system, which takes the power away from the people’s
representatives and places it so squarely with the executive. However,
it is strongly suspected that most people in Sarawak do not realise how
they have been cheated and that BN are in no hurry to educate them on
the basics of democracy.</span></div>
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</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>‘Insulting’ or doing his duty – what caused Chong’s censure?</strong></span></h3>
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</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">So, what was this “insulting” speech for which the leader of the opposition has been silenced and removed for an entire session?</span></div>
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</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It turns out that Chong had raised an issue that is quite rightly of
major concern to his constituents – the subject of the state finances
and the mysterious waste of huge sums of public money.</span></div>
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</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">He aptly conjured a term ‘David Copperfield economics’ to express the
frustration of YBs faced with claims of a surplus, when the state is
patently earning less than it is spending. Is it not the job of an
opposition politician to raise such issues and wasn’t the strong arm
response merely a sign that this government was short of convincing
answers?</span></div>
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</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>Sarawak’s dodgy high interest loans are draining state finances</strong></span></h3>
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</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Of course, Chong has been a thorn in the side of the state government
for some time on the subject of financial mismanagement. At the start
of this session he issued a statement which raised a long standing
concern – those vast and shadowy borrowings initiated by Taib for
various unspecified projects, for which the state is still paying
enormous rates of interest.</span></div>
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<span style="font-family: Verdana,sans-serif;">“Adenan has tried to justify these borrowings but failed
miserably,” said Chong. “It only confirms my suspicion that there are
great improprieties in these offshore loans taken by the Sarawak
Government.”</span><br />
</blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">..Who are the bond holders?” he asked. “Are these bond holders
related to the top Barisan Nasional (BN) leaders with a lot of money
overseas? Why is the Sarawak Government paying so much interest on these
loans?” [<a href="http://www.freemalaysiatoday.com/category/nation/2015/11/29/dap-swak-govt-owes-foreigners-rm9-25b/">Free Malaysia Today Nov 29th</a>]</span></blockquote>
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</span></div>
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<span style="font-family: Verdana,sans-serif;">Chong and DAP have been warning for the past five years that around
half of Sarawak’s budget has been hived off to sustain borrowing for
projects no one has any information about. Huge sums are being diverted
into an ‘Approved Agencies Trust Fund’, believed to be guaranteeing
money, which is believed to have been borrowed to finance SCORE.</span></div>
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</span></div>
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<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It is not lost on Sarawakians that most of the projects in this
so-called mega-industrialisation project have been earmarked for Taib
family companies.</span></div>
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</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">What Chong pointed out was that there continues to be a very
expensive mystery surrounding these borrowed monies, which were not
raised in the way governments normally do, through mainstream banking
institutions on the open markets, but through shadowy and unusual
off-shore deals, which have turned out to be hugely costly and remain
totally non-transparent.</span></div>
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<span style="font-family: Verdana,sans-serif;">“On average, the state government is paying more than 6 per cent per annum on these loans.”</span><br />
</blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">The 6 per cent, pointed out Chong, is 40 per cent more than the
average interest paid on sovereign loans taken by the Malaysian
Government at various times. “Why borrow and pay interest when we have
RM27 billion in reserves sitting in the bank, in Fixed Deposit, earning
only 2 per cent to 3 per cent interest per annum?”</span></blockquote>
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</span></div>
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<span style="font-family: Verdana,sans-serif;">Why indeed?</span></div>
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</span></div>
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<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Sarawak Report has covered this issue in the past, asking why the
Chief Minister has chosen to raise billions for example, in the case of
Sarawak Energy, through the auspices of a wealth management company
called <a href="http://sarawak.s3.amazonaws.com/documents/sarawak-energy.pdf">Equity Trust</a> using a<a href="http://www.sarawakreport.org/2013/06/torstein-keeps-sarawak-in-the-dark-sebs-rm30-billion-outstanding-charge/"> secretive off-shore bond issue</a> in Labuan, rather than raising money through a mainstream bank in the normal way?</span></div>
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<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Why are Sarawakians not entitled to know why they are forking out
some 6% interest for that enormous loan, when given the state’s credit
rating they could have borrowed it on the open market from an
international bank for around 3%?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Chong has drawn attention to other such loans, including the mysterious financing of a Sarawak State company <a href="http://lfxsys.lfx.com.my/content/document/pdf/others/EQUISAR%20INTERNATIONAL%20INCORPORATED.pdf">Equisar</a>, which again is through Labuan and again at double the rate of the open market.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“It doesn’t make financial sense. When the money is paid
out from these offshore loans, no questions can be asked in the State
Assembly.”</span> </blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">…..all the loans taken were at extremely high interest rates payable by the state government.</span> </blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">Chong said that based on figures revealed by the Sarawak Government,
the particulars on the offshore loans taken by it were as follows for
the year end 2015: Sarawak Capital Incorporated Bond due in 2026.
Principal amount still owing is USD165 million and balance of interest
owing is USD148.96 million; Equisar International Incorporated Notes due
in 2026. Principal amount still owing is USD533.5 million and balance
of interest owing is USD556.75 million; and SSG Resources Ltd Notes due
in 2022. Principal amount still owing is USD560 million and balance of
interest still owing is USD238 million. [Free Malaysia Today]</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Why is it so “insulting” to make such points and to ask for
explanations on behalf of the public – this is their hard-earned public
cash?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Indeed the extreme reluctance to answer Chong and the extraordinary
strong arm tactics in chucking him out of the Assembly, for doing
nothing but his duty, can only set minds wandering.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">One can’t help but surmise how, Taib and his family have plenty of
money tucked away in the very same tax havens where these bonds have
been raised – money that must actually be pretty hard to find ways to
invest it, since they ought not have it in the first place.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">If Sarawakians are not given proper answers about who is lending them
this money for mysterious projects, therefore, then they are entitled
to wonder if this high rate of interest is being offered to none other
than the obscenely wealthy Taib family themselves and their various
hangers-on, who have been looking for ways to invest their billions
rather than leave it loitering in the hands of wealth managers in
off-shore havens.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It is hard to think of another incentive that could have mades sense
for the Chief Minister to have authorised the borrowing of such huge
sums of money at double the rate of interest the State of Sarawak needed
to pay.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">If there is another good reason, why are the people’s representatives
not entitled to hear it loud and clear in the proper place – which is
the DUN Assembly?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><b>Sarawak Report</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><b> </b> </span></div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-42279002248086056292015-12-18T06:41:00.005+08:002015-12-18T06:41:56.130+08:00How Najib & Jho Low Played "Hide & Seek" With 1MDB's & KWAP's Money<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 class="graf--h3 graf--first" id="46bd" name="46bd" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><span style="font-size: x-small;">Reproduced with permission</span> </span></h3>
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<a href="https://medium.com/@sarawakreport/playing-games-with-names-jho-low-s-modus-operandi-b77f43937f37#.t2qvqkixf" target="_blank"><span style="font-family: Verdana,sans-serif;">Playing Games With Names — Jho Low’s Modus Operandi</span></a></h3>
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<span style="font-family: Verdana,sans-serif;">The
Auditor General, who is known for his upright approach, is going to
have a hard time re-setting a date for the publication of his report
into 1MDB — due today, but postponed till further notice.</span></div>
<div class="graf--p graf-after--figure" id="ace3" name="ace3" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="f221" name="f221" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Like
the Attorney General, Deputy Prime Minister, Head of the Public
Accounts Committee, Vice President for UMNO, Special Branch Chief and
shortly the Head of the Central Bank, he may find himself replaced
first. At least he is still alive, unlike the investigator from the MACC
into this dirty business, Kevin Morais</span></div>
<div class="graf--p graf-after--p" id="f221" name="f221" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">.</span></div>
<div class="graf--p graf-after--p" id="f6f0" name="f6f0" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Today’s <a class="markup--anchor markup--p-anchor" data-href="http://www.wsj.com/articles/malaysias-1mdb-sent-850-million-to-entity-set-up-to-appear-owned-by-abu-dhabi-wealth-fund-1450333025" href="http://www.wsj.com/articles/malaysias-1mdb-sent-850-million-to-entity-set-up-to-appear-owned-by-abu-dhabi-wealth-fund-1450333025" rel="nofollow">report</a>
in the Wall Street Journal shows that 1MDB paid a total of US$850
million into a bogus off-shore company, using the name of the Abu Dhabi
fund Aabar, Aabar Investments PJS Ltd.</span></div>
<div style="text-align: justify;">
<figure class="graf--figure graf--layoutOutsetLeft graf-after--p" id="4915" name="4915"></figure><figure class="graf--figure graf--layoutOutsetLeft graf-after--p" id="4915" name="4915"><div class="aspectRatioPlaceholder is-locked" style="max-height: 399px; max-width: 363px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="399" data-image-id="0*jc0Bo34Rru9wmJhs.jpg" data-scroll="native" data-width="363">
<span style="font-family: Verdana,sans-serif;"><img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/600/0*jc0Bo34Rru9wmJhs.jpg" height="400" src="https://cdn-images-1.medium.com/max/600/0*jc0Bo34Rru9wmJhs.jpg" width="363" /></span></div>
</div>
<figcaption class="imageCaption"><span style="font-family: Verdana,sans-serif;">Playing games with names — Jho Low’s modus operandi</span></figcaption></figure></div>
<div class="graf--p graf-after--figure" id="b3a9" name="b3a9" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It follows on from our own <a class="markup--anchor markup--p-anchor" data-href="http://www.sarawakreport.org/2015/12/jho-low-is-confirmed-as-the-sole-shareholder-of-good-star-major-exclusive/" href="http://www.sarawakreport.org/2015/12/jho-low-is-confirmed-as-the-sole-shareholder-of-good-star-major-exclusive/" rel="nofollow">expose</a>
earlier this week detailing that, contrary to claims by 1MDB, the
Seychelles company Good Star Limited belongs entirely to Jho Low, which
confirms that the Prime Minister’s nominee was running 1MDB’s operations
and indeed running off with a great deal of the money.</span></div>
<div class="graf--p graf-after--figure" id="b3a9" name="b3a9" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="70a2" name="70a2" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The
revelation also confirms a pattern that has provided unmistakable
evidence of a ‘modus operandi’ by the youthful Official Advisor to 1MDB,
which was the title given to Low. We can point to numerous transactions
involving Jho Low and his nightclubbing friend, Aabar’s Khadam Al
Qubaisi, which essentially consist of playing games with names to give
the impression that shadowy off-shore companies were some sort of
subsidiary of major concerns.</span></div>
<div class="graf--p graf-after--p" id="70a2" name="70a2" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="abaa" name="abaa" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">These companies have all turned out to be linked to suspicious losses of money from 1MDB.</span></div>
<h3 class="graf--h3 graf-after--p" id="b443" name="b443" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">PetroSaudi International Limited (Seychelles)</span></h3>
<div class="graf--p graf-after--h3" id="32ba" name="32ba" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Take
PetroSaudi International Limited, Seychelles, which was positioned as a
subsidiary to PetroSaudi Holdings Limited (Cayman) which was involved
in the joint venture with 1MDB. In fact (after considerable to-ing and
fro-ing about how to set up the arrangement) it was a company totally
controlled by Jho Low through an investment management deal with one of
his own off-shore companies Panama Investment Manager, which gave him
control over all its money.</span></div>
<div class="graf--p graf-after--h3" id="32ba" name="32ba" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="6560" name="6560" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Tarek
Obaid had agreed to act as the Director of PetroSaudi International,
but in a personal capacity, not linked to the main joint venture partner
as alleged.</span></div>
<div class="graf--p graf-after--p" id="6560" name="6560" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="967a" name="967a" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">During
its buy out of UBG, orchestrated by Jho Low, who had a major personal
stake in the company, there was much concern expressed by AmBank
officials negotiating the deal about who exactly did own this supposed
off-shoot of PetroSaudi (which had received the money used to buy UBG
from 1MDB).</span></div>
<div class="graf--p graf-after--p" id="967a" name="967a" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="51e1" name="51e1" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">They
were told that the shady nature of the ownership was owning to the need
to conceal the private interest of the King of Saudi Arabia in the
deal! They accepted the excuse, which was a lie.</span></div>
<h3 class="graf--h3 graf-after--p" id="ec12" name="ec12" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">SRC Global</span></h3>
<div style="text-align: justify;">
<figure class="graf--figure graf-after--h3" id="d8a1" name="d8a1"></figure><figure class="graf--figure graf-after--h3" id="d8a1" name="d8a1"><div class="aspectRatioPlaceholder is-locked" style="max-height: 369px; max-width: 648px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="369" data-image-id="1*XPi5peJI1ydoE4Nk7o9lAg.jpeg" data-scroll="native" data-width="648">
<span style="font-family: Verdana,sans-serif;"><img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/1*XPi5peJI1ydoE4Nk7o9lAg.jpeg" height="227" src="https://cdn-images-1.medium.com/max/800/1*XPi5peJI1ydoE4Nk7o9lAg.jpeg" width="400" /></span></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Business partners and party pals Jho Low and Khadem Al Qubaisi</span></span></figcaption></figure></div>
<div class="graf--p graf-after--figure" id="fac4" name="fac4" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In
2013 the Aabar owned Spanish oil giant CEPSA purchased the Canadian
company Coastal Energy for US$2.3 billion, in a deal masterminded of
course by their boss the then all-powerful Chairman Khadem Al Qubaisi.</span></div>
<div class="graf--p graf-after--figure" id="fac4" name="fac4" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="8b9c" name="8b9c" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Strangely,
he did the deal in tandem with a private company owned by none other
than Jho Low, which took an option on the sale in its alleged role as
‘facilitator’. That company of Jho Low’s went by the name of <a class="markup--anchor markup--p-anchor" data-href="http://www.sarawakreport.org/2015/05/1mdbs-aabar-connection-more-questions-over-cepsas-coastal-energy-buy-out-with-jho-low/" href="http://www.sarawakreport.org/2015/05/1mdbs-aabar-connection-more-questions-over-cepsas-coastal-energy-buy-out-with-jho-low/" rel="nofollow">Strategic Resources Global</a>.
The details of SRG’s involvement have yet to be published, however
insiders have intimated that the point of the option was that it could
then be valuably sold back to CEPSA.</span></div>
<div class="graf--p graf-after--p" id="8b9c" name="8b9c" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="4411" name="4411" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Given
Low’s established history of using 1MDB money as backing for other
private deals forged together with his pal Khadem from Aabar (see our
exposes on the <a class="markup--anchor markup--p-anchor" data-href="http://www.sarawakreport.org/2014/05/how-1mdb-backed-jho-lows-private-equity-splash-further-exclusive/" href="http://www.sarawakreport.org/2014/05/how-1mdb-backed-jho-lows-private-equity-splash-further-exclusive/" rel="nofollow">London Hotel bids of 2011</a>) there can only be questions asked as to the strikingly similar name of the 1MDB subsidiary SRC International Sdn Bhd.</span></div>
<div class="graf--p graf-after--p" id="4411" name="4411" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="6af7" name="6af7" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The
shadowy nature of SRC International has caused constant comment in
Malaysia, set up as it was with RM4 billion borrowed from the public
pension fund KWAP, which has never been properly accounted for. One of
its known ventures however (through a BVI vehicle naturally) was a joint
venture with none other than that sturdy business partner Aabar and
KAQ, named none other than <a class="markup--anchor markup--p-anchor" data-href="https://www.malaysiakini.com/news/227988" href="https://www.malaysiakini.com/news/227988" rel="nofollow">Aabar-SRC Strategic Resources Ltd</a>.</span></div>
<div class="graf--p graf-after--p" id="6af7" name="6af7" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="c336" name="c336" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Was
name play once again at work as money flushed through these off-shore
concerns with such similar names and confusion of cross-ownerships? Did,
by any chance, money flow in this fashion from the pension fund through
1MDB and its joint ventures with Aabar and into a private deal between
Jho Low and Khadem?</span></div>
<div class="graf--p graf-after--p" id="c336" name="c336" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="cf6d" name="cf6d" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">We
cannot know, because when questioned on these matters, the Finance
Minister (cum Prime Minister, cum sole shareholder of 1MDB) hived SRC
off from 1MDB and put it under his own Ministry of Finance portfolio,
from where he has refused to release transparent accounts ever since.
The public money remains unaccounted for!</span></div>
<h3 class="graf--h3 graf-after--p" id="6237" name="6237" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Merryl Capital</span></h3>
<div class="graf--p graf-after--h3" id="fa29" name="fa29" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Move on to what the <a class="markup--anchor markup--p-anchor" data-href="http://www.theaustralian.com.au/business/malaysias-1mdb-scandal-australian-connection-in-malaysia-scandal/news-story/9f3bf3f8e4526d48125109c01b17dd74" href="http://www.theaustralian.com.au/business/malaysias-1mdb-scandal-australian-connection-in-malaysia-scandal/news-story/9f3bf3f8e4526d48125109c01b17dd74" rel="nofollow">Australian newspaper</a>
describes as the mysterious off-shore company Merryl Capital, which was
stuck right in the middle of the unravelling scandal in Australia over
the finance company Bridge Global, which Najib (doubtless on the advice
of 1MDB’s advisor Jho Low) used to invest the alleged profits (obtained
not in cash, but in ‘promissory notes’ mind you) made from the
PetroSaudi deal, from which Good Star had siphoned most of 1MDB’s
original investment.</span></div>
<div class="graf--p graf-after--h3" id="fa29" name="fa29" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="f64f" name="f64f" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">As the Australian points out, despite its name, this entity has nothing to do with the more famous Merryl Lynch.</span></div>
<div style="text-align: justify;">
<blockquote class="graf--blockquote graf-after--p" id="4ebc" name="4ebc">
<span style="font-family: Verdana,sans-serif;"><em class="markup--em markup--blockquote-em">Bridge
Partners didn’t pay in cash but in promissory notes — IOUs — which 1MDB
then invested in Bridge Global Absolute Return. According to Bridge
Global’s prospectus, Bridge Global Absolute Return is managed by
Hanhong, a Hong Kong securities company in which it planned to buy a
half stake.</em></span></blockquote>
<blockquote class="graf--blockquote graf-after--blockquote" id="62ca" name="62ca">
<span style="font-family: Verdana,sans-serif;"><em class="markup--em markup--blockquote-em">Bridge
Global Absolute Return owns almost 10 per cent of Bridge Global, making
it the company’s second-biggest shareholder behind another mysterious
offshore entity, Merrill Capital, which owns 10.2 per cent.</em></span></blockquote>
<blockquote class="graf--blockquote graf-after--blockquote" id="ac80" name="ac80">
<span style="font-family: Verdana,sans-serif;"><em class="markup--em markup--blockquote-em">Despite
its name, Merrill Capital appears not to be linked to Merrill Lynch,
according to Mr Childs’ affidavit. It is instead a UAE company
associated with Mr Goh that owns some 8.5 per cent of Avestra.</em></span></blockquote>
<blockquote class="graf--blockquote graf-after--blockquote" id="e27a" name="e27a">
<span style="font-family: Verdana,sans-serif;"><em class="markup--em markup--blockquote-em">To
cover the Petrosaudi hole, it’s alleged that in 2012 1MDB signed a deal
with Abu Dhabi’s International Petroleum Investment Corporation under
which IPIC guaranteed $US3.5bn of bonds issued by 1MDB.</em></span></blockquote>
</div>
<h3 class="graf--h3 graf-after--blockquote" id="828b" name="828b" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Aabar Investments PJS Ltd</span></h3>
<div class="graf--p graf-after--h3" id="d9a8" name="d9a8" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">So,
it looks like we have an established modus operandi indeed when it
comes to the way Jho Low played David Copperfield conjuring tricks with
1MDB’s money, as it slipped away from the public fund that was being
administered by his boss the PM, and into companies with names designed
to make them sound like a more reputable outfit linked to established
1MDB deals.</span></div>
<div style="text-align: justify;">
<figure class="graf--figure graf--layoutOutsetLeft graf-after--p" id="3778" name="3778"></figure><figure class="graf--figure graf--layoutOutsetLeft graf-after--p" id="3778" name="3778"><div class="aspectRatioPlaceholder is-locked" style="max-height: 265px; max-width: 399px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="265" data-image-id="0*tla4j9A9bWhY0g2w.jpg" data-scroll="native" data-width="399">
<span style="font-family: Verdana,sans-serif;"><img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/600/0*tla4j9A9bWhY0g2w.jpg" height="265" src="https://cdn-images-1.medium.com/max/600/0*tla4j9A9bWhY0g2w.jpg" width="400" /></span></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Khadem was sacked in Abu Dhabi after irregularities were exposed</span></span></figcaption></figure></div>
<div class="graf--p graf-after--figure" id="d991" name="d991" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The
latest revelation that US$850 million was likewise transferred to Aabar
Investments PJS Ltd by 1MDB thus follows an established pattern. The
WSJ have reported that Aabar has confirmed that this off-shore BVI
entity, which was opened to take the money and then closed down agains
shortly after, has nothing to do with their own group.</span></div>
<div class="graf--p graf-after--figure" id="d991" name="d991" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="e9e1" name="e9e1" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Abu
Dhabi have, of course, long since sacked Khadem Al Qubaisi, after all
these irregularities came to light at the start of the year. Yet,
Malaysia’s PM continues to defend 1MDB and Jho Low and he is obstructing
vigorously the attempts to investigate what went wrong with all that
missing money.</span></div>
<div class="graf--p graf-after--p" id="e9e1" name="e9e1" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="51d7" name="51d7" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Other
off-shore companies with surprisingly similar names to more reputable
firms doubtless wait to be discovered and the 1MDB scandal continues to
inevitably unravel in the face of the international investigations
underway.</span></div>
<div class="graf--p graf-after--p" id="51d7" name="51d7" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="81ca" name="81ca" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong class="markup--strong markup--p-strong">READ the full story by Wall Street Journal below:</strong></span></div>
<div style="text-align: justify;">
<figure class="graf--figure graf-after--p" id="54ad" name="54ad"></figure><figure class="graf--figure graf-after--p" id="54ad" name="54ad"><div class="aspectRatioPlaceholder is-locked" style="max-height: 466px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*vyTK8m-JUb6X6mOS." data-action="zoom" data-height="639" data-image-id="0*vyTK8m-JUb6X6mOS." data-scroll="native" data-width="959">
<span style="font-family: Verdana,sans-serif;"><img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*vyTK8m-JUb6X6mOS." height="266" src="https://cdn-images-1.medium.com/max/800/0*vyTK8m-JUb6X6mOS." width="400" /></span></div>
</div>
</figure></div>
<div class="graf--p graf-after--figure" id="2674" name="2674" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">People passing a 1Malaysia Development Bhd. billboard in Kuala Lumpur, Malaysia, in March. PHOTO: REUTERS</span></span></div>
<div class="graf--p graf-after--figure" id="2674" name="2674" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="1257" name="1257" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong class="markup--strong markup--p-strong">Malaysia’s 1MDB Sent $850 Million to Entity Set Up to Appear Owned by Abu Dhabi Wealth Fund</strong></span></div>
<div class="graf--p graf-after--p" id="1257" name="1257" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="7f49" name="7f49" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">A
troubled Malaysian state investment fund sent at least $850 million
last year to an offshore entity set up to appear that it was owned by an
Abu Dhabi sovereign-wealth fund, a transfer which deepens the mystery
over billions of dollars that are unaccounted for, according to
documents reviewed by The Wall Street Journal and people familiar with
the matter.</span></div>
<div class="graf--p graf-after--p" id="7f49" name="7f49" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="a179" name="a179" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The
1Malaysia Development Bhd. fund, or 1MDB, set up by Malaysian Prime
Minister Najib Razak in 2009 to promote economic development, is <a class="markup--anchor markup--p-anchor" data-href="http://graphics.wsj.com/1mdb-decoded/" href="http://graphics.wsj.com/1mdb-decoded/" rel="nofollow">under investigation</a>
in at least six countries over a broad array of allegations that money
was siphoned off for political spending and for personal gain.</span></div>
<div class="graf--p graf-after--p" id="a179" name="a179" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="fb17" name="fb17" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">One
focus of investigation is $2.4 billion in payments that 1MDB said it
made to a unit of Abu Dhabi’s International Petroleum Investment Co., or
IPIC, as part of a deal involving the Malaysian fund’s purchase of
power plants. The Journal <a class="markup--anchor markup--p-anchor" data-href="http://www.wsj.com/articles/malaysia-fund-1mdbs-missing-money-problem-grows-1442547656" href="http://www.wsj.com/articles/malaysia-fund-1mdbs-missing-money-problem-grows-1442547656" rel="nofollow">reported in September</a> that IPIC officials had concluded they did not receive the money, according to people familiar with the matter.</span></div>
<div class="graf--p graf-after--p" id="fb17" name="fb17" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="1bb7" name="1bb7" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">A
1MDB unit transferred at least $850 million via three transactions last
year to a British Virgin Islands-registered company with a name that
made it look like it was controlled by IPIC, according to wire transfer
documents viewed by the Journal and two people familiar with the matter.</span></div>
<div class="graf--p graf-after--p" id="1bb7" name="1bb7" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="b9e5" name="b9e5" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The
1MDB fund sent the money to “Aabar Investments PJS Ltd.” which closely
resembles the name of IPIC’s wholly owned subsidiary Aabar Investments
PJS, the wire documents show.</span></div>
<div style="text-align: justify;">
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<figure class="graf--figure graf-after--p" id="617e" name="617e"><div class="aspectRatioPlaceholder is-locked" style="max-height: 465px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*UKyzLT37TCPPxNi9." data-action="zoom" data-height="550" data-image-id="0*UKyzLT37TCPPxNi9." data-scroll="native" data-width="828">
<span style="font-family: Verdana,sans-serif;"><img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*UKyzLT37TCPPxNi9." height="265" src="https://cdn-images-1.medium.com/max/800/0*UKyzLT37TCPPxNi9." width="400" /></span></div>
</div>
</figure><div class="graf--p graf-after--figure" id="44d4" name="44d4">
<span style="font-family: Verdana,sans-serif;">Aabar,
the IPIC subsidiary, is an Abu Dhabi-registered company that holds
prominent investments in the space tourism venture Virgin Galactic and a
5.1% stake in UniCredit SpA, Italy’s biggest bank.</span></div>
<div class="graf--p graf-after--figure" id="44d4" name="44d4">
<br /></div>
<div class="graf--p graf-after--p" id="a438" name="a438">
<span style="font-family: Verdana,sans-serif;">Executives
at IPIC and Aabar investigating the transfers have concluded neither of
the two Abu Dhabi funds ever owned or controlled the British Virgin
Islands company, according to the people familiar with the matter.
Records in the British Virgin Islands don’t give any details on the
owners or directors of the company.</span></div>
<div class="graf--p graf-after--p" id="a438" name="a438">
<br /></div>
<div class="graf--p graf-after--p" id="968a" name="968a">
<span style="font-family: Verdana,sans-serif;">The
records show the British Virgin Islands firm was incorporated on March
14, 2012, and liquidated on June 23 this year, a time of growing
criticism of 1MDB from opposition politicians and within Mr. Najib’s
ruling party.</span></div>
<div class="graf--p graf-after--p" id="968a" name="968a">
<br /></div>
<div class="graf--p graf-after--p" id="e200" name="e200">
<span style="font-family: Verdana,sans-serif;">The
1MDB fund, in a statement to the Journal after publication of this
article, did not reply to questions previously submitted about the
transfers. The statement said “that the Wall Street Journal continues
its campaign to malign 1MDB.” The fund also said it was cooperating with
investigators. 1MDB in the past has said it stands by its financial
statements, which show it made the payments to the Abu Dhabi fund.</span></div>
<div class="graf--p graf-after--p" id="e200" name="e200">
<br /></div>
<div class="graf--p graf-after--p" id="c0c7" name="c0c7">
<span style="font-family: Verdana,sans-serif;">An
IPIC spokesman did not respond to questions. The Abu Dhabi fund hasn’t
made any public statements about its relationship with 1MDB or the
missing money.</span></div>
<div class="graf--p graf-after--p" id="c0c7" name="c0c7">
<br /></div>
<div class="graf--p graf-after--p" id="d43b" name="d43b">
<span style="font-family: Verdana,sans-serif;">Mr.
Najib promised the fund would spur economic development by investing in
new industries like renewable energy. But it has only bought existing
power plants and land, while <a class="markup--anchor markup--p-anchor" data-href="http://www.wsj.com/articles/fund-controversy-threatens-malaysias-leader-1434681241" href="http://www.wsj.com/articles/fund-controversy-threatens-malaysias-leader-1434681241" rel="nofollow">rolling up over $11 billion in debt</a> that it is struggling to repay.</span></div>
<div class="graf--p graf-after--p" id="d43b" name="d43b">
<br /></div>
<div class="graf--p graf-after--p" id="e120" name="e120">
<span style="font-family: Verdana,sans-serif;">The
transfers involving Abu Dhabi are among a series of transactions by
1MDB that are the focus of investigations. In Malaysia, the fund is
being probed by the auditor general, the nation’s anticorruption body,
the central bank and a parliamentary committee.</span></div>
<div class="graf--p graf-after--p" id="e120" name="e120">
<br /></div>
<div class="graf--p graf-after--p" id="6844" name="6844">
<span style="font-family: Verdana,sans-serif;">In
2012, 1MDB issued $3.5 billion in bonds to fund the purchase of power
plants in Malaysia and overseas. The Abu Dhabi fund guaranteed the
bonds.</span></div>
<div class="graf--p graf-after--p" id="6844" name="6844">
<br /></div>
<div class="graf--p graf-after--p" id="15fe" name="15fe">
<span style="font-family: Verdana,sans-serif;">The
1MDB fund’s publicly-available financial statements for the year ending
March 31, 2013, show it paid $1.4 billion to IPIC’s unit Aabar as
collateral for guaranteeing the bonds. The Malaysian fund said it paid
another $993 million to Aabar in 2014 to cancel options granted to IPIC
to buy a stake in 1MDB’s power assets, according to a copy of a draft
report into 1MDB by Malaysia’s auditor general and 1MDB board minutes
reviewed by the Journal.</span></div>
<div class="graf--p graf-after--p" id="15fe" name="15fe">
<br /></div>
<div class="graf--p graf-after--p" id="3126" name="3126">
<span style="font-family: Verdana,sans-serif;">Officials
at IPIC say neither they nor any subsidiary received this money, the
Journal reported. It is not clear why the payments were made to Aabar
since IPIC made the guarantee.</span></div>
<div class="graf--p graf-after--p" id="3126" name="3126">
<br /></div>
<div class="graf--p graf-after--p" id="9334" name="9334">
<span style="font-family: Verdana,sans-serif;">IPIC’s
consolidated financial statements, which include Aabar, make no
reference to the collateral payment. A footnote in the 2014 statements
said that as of the end of that year 1MDB owed IPIC $481.3 million in
outstanding payments for the options.</span></div>
<div class="graf--p graf-after--p" id="9334" name="9334">
<br /></div>
<div class="graf--p graf-after--p" id="f5a7" name="f5a7">
<span style="font-family: Verdana,sans-serif;">No
substantial amount of money was received by IPIC, the people familiar
with the matter said. It isn’t clear how IPIC arrived at the $481.3
million figure and whether it relates to the $993 million transfer 1MDB
says it made to IPIC as partial payment to cancel the options.</span></div>
<div class="graf--p graf-after--p" id="f5a7" name="f5a7">
<br /></div>
<div class="graf--p graf-after--p" id="d0b6" name="d0b6">
<span style="font-family: Verdana,sans-serif;">IPIC’s
former managing director, Khadem Al Qubaisi, was dismissed in April by a
presidential decree. The new management team of IPIC has been
scrutinizing Mr. Al Qubaisi’s activity at the fund, according to the
people familiar with the matter.</span></div>
<div class="graf--p graf-after--p" id="d0b6" name="d0b6">
<br /></div>
<div class="graf--p graf-after--p" id="6c9f" name="6c9f">
<span style="font-family: Verdana,sans-serif;">The latest twist in the 1MDB saga comes as Mr. Najib battles a separate scandal linked to the fund. Malaysian <a class="markup--anchor markup--p-anchor" data-href="http://www.wsj.com/articles/SB10130211234592774869404581083700187014570" href="http://www.wsj.com/articles/SB10130211234592774869404581083700187014570" rel="nofollow">investigators said earlier this year</a>
that nearly $700 million was transferred into his personal bank
accounts through entities linked to 1MDB, including a private Swiss bank
owned by IPIC.</span></div>
<div class="graf--p graf-after--p" id="6c9f" name="6c9f">
<br /></div>
<div class="graf--p graf-after--p" id="e83a" name="e83a">
<span style="font-family: Verdana,sans-serif;">The
source of the funds was unclear and the government investigation didn’t
detail what happened to the money that allegedly went into Mr. Najib’s
accounts.</span></div>
<div class="graf--p graf-after--p" id="e83a" name="e83a">
<br /></div>
<div class="graf--p graf-after--p" id="af49" name="af49">
<span style="font-family: Verdana,sans-serif;">Malaysia’s <a class="markup--anchor markup--p-anchor" data-href="http://www.wsj.com/articles/malaysia-agency-says-money-in-razaks-personal-account-isnt-from-1mdb-1438615126" href="http://www.wsj.com/articles/malaysia-agency-says-money-in-razaks-personal-account-isnt-from-1mdb-1438615126" rel="nofollow">anticorruption body in August said the funds</a> were a donation from the Middle East. The donor wasn’t specified.</span></div>
<div class="graf--p graf-after--p" id="af49" name="af49">
<br /></div>
<div class="graf--p graf-after--p" id="fbec" name="fbec">
<span style="font-family: Verdana,sans-serif;">Mr.
Najib has denied wrongdoing and said he didn’t use any money for
personal gain. He said this month that using money from a donor was
appropriate and legal.</span></div>
<div class="graf--p graf-after--p" id="fbec" name="fbec">
<br /></div>
<div class="graf--p graf-after--p" id="7e00" name="7e00">
<span style="font-family: Verdana,sans-serif;">As well as Malaysia and Abu Dhabi, authorities in <a class="markup--anchor markup--p-anchor" data-href="http://www.wsj.com/articles/malaysia-leader-najib-razaks-assets-probed-by-us-1442844760" href="http://www.wsj.com/articles/malaysia-leader-najib-razaks-assets-probed-by-us-1442844760" rel="nofollow">the U.S.</a>, Switzerland, Singapore, and Hong Kong are looking at 1MDB’s activities.</span></div>
<div class="graf--p graf-after--p" id="7e00" name="7e00">
<br /></div>
<div class="graf--p graf-after--p" id="8de3" name="8de3">
<span style="font-family: Verdana,sans-serif;">— Nicolas Parasie and Yantoultra Ngui contributed to this article.</span></div>
<div class="graf--p graf-after--p graf--last" id="74f9" name="74f9">
<span style="font-family: Verdana,sans-serif;">Write to Bradley Hope at <a class="markup--anchor markup--p-anchor" data-href="http://www.sarawakreport.org/2015/12/playing-games-with-names-jho-lows-modus-operandi/bradley.hope@wsj.com" href="http://www.sarawakreport.org/2015/12/playing-games-with-names-jho-lows-modus-operandi/bradley.hope@wsj.com" rel="nofollow">[email protected]</a></span></div>
</div>
</div>
</section><section class=" section--body section--last" name="ee81"><div class="section-divider layoutSingleColumn">
<hr class="section-divider" style="margin-left: 0px; margin-right: 0px;" />
</div>
<div class="section-content">
<div class="section-inner layoutSingleColumn">
<div class="graf--p graf--first graf--last" id="197c" name="197c">
<span style="font-family: Verdana,sans-serif;"><em class="markup--em markup--p-em">Originally published at </em><a class="markup--anchor markup--p-anchor" data-href="http://www.sarawakreport.org/2015/12/playing-games-with-names-jho-lows-modus-operandi/" href="http://www.sarawakreport.org/2015/12/playing-games-with-names-jho-lows-modus-operandi/" rel="nofollow"><em class="markup--em markup--p-em">www.sarawakreport.org</em></a><em class="markup--em markup--p-em">.</em></span></div>
<div class="graf--p graf--first graf--last" id="197c" name="197c">
<br /></div>
</div>
</div>
</section></div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-60919284264558035872015-12-13T03:34:00.001+08:002015-12-18T06:30:15.487+08:00Genuine Shenanigans: Can Adenan Explain? Maybe MACC Can!<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 class="graf--h3 graf--first" id="7fe5" name="7fe5">
<span style="font-family: "verdana" , sans-serif;"><span style="font-size: x-small;">Reproduced with permission</span> </span></h3>
<h3 class="graf--h3 graf--first" id="7fe5" name="7fe5">
<a href="https://medium.com/@sarawakreport/cheap-land-for-taib-linked-company-adenan-should-explain-551e38e328ea#.re57y06um" target="_blank"><span style="font-family: "verdana" , sans-serif;">Cheap land for Taib-linked company — Adenan should explain!</span></a></h3>
<br />
<figure class="graf--figure graf-after--h3" id="5ac8" name="5ac8"></figure><figure class="graf--figure graf-after--h3" id="5ac8" name="5ac8"><div class="aspectRatioPlaceholder is-locked" style="max-height: 413px; max-width: 620px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="413" data-image-id="0*92SQS8pUwaRIhTo5.jpg" data-scroll="native" data-width="620">
<span style="font-family: "verdana" , sans-serif;"><img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*92SQS8pUwaRIhTo5.jpg" height="266" src="https://cdn-images-1.medium.com/max/800/0*92SQS8pUwaRIhTo5.jpg" width="400" /></span></div>
</div>
</figure><br />
<div class="graf--p graf-after--figure" id="2c32" name="2c32" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Just weeks after Sarawak’s Chief Minister Adenan Satem came under pressure from environmental groups for remaining silent about <a class="markup--anchor markup--p-anchor" data-href="http://www.sarawakreport.org/2015/11/environmentalists-want-answers-from-adenan-as-peatland-clearing-by-kts-continues/" href="http://www.sarawakreport.org/2015/11/environmentalists-want-answers-from-adenan-as-peatland-clearing-by-kts-continues/" rel="nofollow">peatland</a>
clearing by crony company BLD Plantation in Sibu, he now faces
questions why he granted 3,000 hectares of land at a mere fraction of
the market value to a Taib-linked company in 2014.</span></div>
<div class="graf--p graf-after--figure" id="2c32" name="2c32" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="2211" name="2211" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">In
a statement released by Padungan State Assemblyman, Wong King Wei from
the Democratic Action Party (DAP) last week, Adenan was asked to explain
why:</span></div>
<div style="text-align: justify;">
<blockquote class="graf--blockquote graf-after--p" id="1e6e" name="1e6e">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--blockquote-em">22
parcels of land located in Lundu, Sarawak, totaling 3,121.33 acres,
were alienated to a single company, namely GENUINE FORMATION SDN. BHD.
(Company No. 805567-K) at a mere total premium of RM882,176.00 or at
about RM282.00 per acre on average.</i></span></blockquote>
</div>
<div style="text-align: justify;">
<blockquote class="graf--blockquote graf-after--blockquote" id="025b" name="025b">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--blockquote-em">With
this condition of the land, it is reasonable to estimate that the land
at that area is worth at least RM5,000 per acre. Yet the State
Government is giving out the land not even at RM300 per acre.</i></span></blockquote>
</div>
<div style="text-align: justify;">
<blockquote class="graf--blockquote graf-after--blockquote" id="08ae" name="08ae">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--blockquote-em">In
adding salt to wound, the total premium of RM882,176 payable by the
said Genuine Formation Sdn Bhd need not have to be paid. The premium of
RM882,176 is not collected by State Government as it is </i><b class="markup--strong markup--blockquote-strong"><i class="markup--em markup--blockquote-em">“part of payment in kind”</i></b><i class="markup--em markup--blockquote-em">
vide Contract No. PWD/HO/B102/2000”. Thus the said Genuine Formation is
enjoying double enrichment both in the value of the land and profit in
the contract.</i></span></blockquote>
</div>
<div style="text-align: justify;">
<blockquote class="graf--blockquote graf-after--blockquote" id="00dc" name="00dc">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--blockquote-em">Thus,
I demand for Chief Minister’s immediate explanation. Has he chosen to
go back to the old path of his previous administration?</i></span></blockquote>
</div>
<br />
<figure class="graf--figure graf-after--blockquote" id="04cc" name="04cc"></figure><figure class="graf--figure graf-after--blockquote" id="04cc" name="04cc"><div class="aspectRatioPlaceholder is-locked" style="max-height: 529px; max-width: 551px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="529" data-image-id="0*89ihguJv1urZo2Zw.jpg" data-scroll="native" data-width="551">
<span style="font-family: "verdana" , sans-serif;"><img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*89ihguJv1urZo2Zw.jpg" height="384" src="https://cdn-images-1.medium.com/max/800/0*89ihguJv1urZo2Zw.jpg" width="400" /></span></div>
</div>
<figcaption class="imageCaption"><span style="font-family: "verdana" , sans-serif;">Land (in yellow) alienated to Genuine Formation in Lundu</span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="0bfc" name="0bfc">
<span style="font-family: "verdana" , sans-serif;">So who owns Genuine Formation?</span></div>
<div class="graf--p graf-after--figure" id="0bfc" name="0bfc">
<span style="font-family: "verdana" , sans-serif;"></span></div>
<div class="graf--p graf-after--p" id="6999" name="6999">
<br /></div>
<div class="graf--p graf-after--p" id="6999" name="6999" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Veteran
Sarawak watchers have viewed this transaction with weary recognition.
The generous handouts of the Taib era were invariably made to members of
his own family or his business and political cronies.</span></div>
<div class="graf--p graf-after--p" id="6999" name="6999">
<br /></div>
<div class="graf--p graf-after--p" id="ff94" name="ff94" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Given
that Adenan has vowed to change the way Sarawak has been plundered by
its own governors and to return law and order to the planning and
forestry departments, all are interested to know who owns the remarkably
fortunate Genuine Formation, who has benefitted from payments that
should have been made into the public purse.</span></div>
<br />
<figure class="graf--figure graf-after--p" id="41f6" name="41f6"></figure><figure class="graf--figure graf-after--p" id="41f6" name="41f6"><div class="aspectRatioPlaceholder is-locked" style="max-height: 590px; max-width: 603px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="590" data-image-id="0*ztb_vRNE0vg_hkEo.jpg" data-scroll="native" data-width="603">
<span style="font-family: "verdana" , sans-serif;"><img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*ztb_vRNE0vg_hkEo.jpg" height="391" src="https://cdn-images-1.medium.com/max/800/0*ztb_vRNE0vg_hkEo.jpg" width="400" /></span></div>
</div>
<figcaption class="imageCaption"><span style="font-family: "verdana" , sans-serif;">Land searches show that 22 parcels of land have been granted to Genuine Formation</span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="8014" name="8014">
<span style="font-family: "verdana" , sans-serif;">Sadly, it seems nothing has changed in these respects.</span></div>
<div class="graf--p graf-after--figure" id="8014" name="8014">
<br /></div>
<div class="graf--p graf-after--p" id="c2c2" name="c2c2" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The company Genuine Formation is registered at the address Level 9, Titanium Tower, Lot 1, Brighton Square, Jalan Song, Kuching.</span></div>
<div class="graf--p graf-after--p" id="c2c2" name="c2c2">
<br /></div>
<div class="graf--p graf-after--p" id="4833" name="4833" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Dedicated
readers of our blog may well recognise that address as the office of
Taib Mahmud’s son Mahmud Abu Bekir and his company Titanium Management. A
company that Sarawak Report have previously <a class="markup--anchor markup--p-anchor" data-href="http://www.sarawakreport.org/2011/02/as-much-as-you-want-for-free-my-son/" href="http://www.sarawakreport.org/2011/02/as-much-as-you-want-for-free-my-son/" rel="nofollow">exposed</a> for being granted <a class="markup--anchor markup--p-anchor" data-href="http://www.freemalaysiatoday.com/category/nation/2011/11/07/taibs-son-awarded-millions-in-govt-contracts/" href="http://www.freemalaysiatoday.com/category/nation/2011/11/07/taibs-son-awarded-millions-in-govt-contracts/" rel="nofollow">lucrative</a> state contracts and even free state land totalling the size of Singapore.</span></div>
<br />
<figure class="graf--figure graf--layoutOutsetLeft graf-after--p" id="a7fe" name="a7fe"></figure><figure class="graf--figure graf--layoutOutsetLeft graf-after--p" id="a7fe" name="a7fe"><div class="aspectRatioPlaceholder is-locked" style="max-height: 303px; max-width: 220px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="303" data-image-id="0*i8F9tv-G0kaOUmxZ.jpg" data-scroll="native" data-width="220">
<span style="font-family: "verdana" , sans-serif;"><img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/600/0*i8F9tv-G0kaOUmxZ.jpg" src="https://cdn-images-1.medium.com/max/600/0*i8F9tv-G0kaOUmxZ.jpg" /></span></div>
</div>
<figcaption class="imageCaption"><span style="font-family: "verdana" , sans-serif;">Taib’s son Mahmud Abu Bekir has been granted a further 3,000 ha for “payment in kind”</span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="9c05" name="9c05" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Besides
Titanium Management, we have also identified numerous other companies
that received vast tracks of land which are clearly controlled by Mahmud
and his business partners, the Chung family. These companies are
operated out of the same offices and use the same telephone number as
Titanium Management. Way back in 2011 we <a class="markup--anchor markup--p-anchor" data-href="http://www.sarawakreport.org/2011/02/as-much-as-you-want-for-free-my-son/" href="http://www.sarawakreport.org/2011/02/as-much-as-you-want-for-free-my-son/" rel="nofollow">identified</a> 14 such companies.</span></div>
<div class="graf--p graf-after--figure" id="9c05" name="9c05" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="e559" name="e559" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Scandalously,
in each and every case, these lands have been handed to the companies
under the category of so-called “Payment in Kind”. This is a polite way
of saying that it has been given to Taib’s son for free and it looks as
if the land given to Genuine Fortune was no different.</span></div>
<br />
<figure class="graf--figure graf-after--p" id="fa49" name="fa49"></figure><figure class="graf--figure graf-after--p" id="fa49" name="fa49"><div class="aspectRatioPlaceholder is-locked" style="max-height: 412px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*9gq4I85ctCcRH2Ym.jpg" data-action="zoom" data-height="441" data-image-id="0*9gq4I85ctCcRH2Ym.jpg" data-scroll="native" data-width="750">
<span style="font-family: "verdana" , sans-serif;"><img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*9gq4I85ctCcRH2Ym.jpg" height="235" src="https://cdn-images-1.medium.com/max/800/0*9gq4I85ctCcRH2Ym.jpg" width="400" /></span></div>
</div>
<figcaption class="imageCaption"><span style="font-family: "verdana" , sans-serif;">Registered at same address as Mahmud Bekir’s Titanium Management</span></figcaption></figure><figure class="graf--figure graf-after--figure" id="abdd" name="abdd"></figure><figure class="graf--figure graf-after--figure" id="abdd" name="abdd"><div class="aspectRatioPlaceholder is-locked" style="max-height: 371px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*8jTI6NuMoGUcUBpE.jpg" data-action="zoom" data-height="397" data-image-id="0*8jTI6NuMoGUcUBpE.jpg" data-scroll="native" data-width="750">
<span style="font-family: "verdana" , sans-serif;"><img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*8jTI6NuMoGUcUBpE.jpg" height="211" src="https://cdn-images-1.medium.com/max/800/0*8jTI6NuMoGUcUBpE.jpg" width="400" /></span></div>
</div>
<figcaption class="imageCaption"><span style="font-family: "verdana" , sans-serif;">Mahmud Bekir’s proxy Chung Soon Nam — 99% owner of the company</span></figcaption></figure><figure class="graf--figure graf-after--figure" id="416f" name="416f"></figure><figure class="graf--figure graf-after--figure" id="416f" name="416f"><div class="aspectRatioPlaceholder is-locked" style="max-height: 381px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*EzkVQm8NsLlsfEhA.jpg" data-action="zoom" data-height="408" data-image-id="0*EzkVQm8NsLlsfEhA.jpg" data-scroll="native" data-width="750">
<span style="font-family: "verdana" , sans-serif;"><img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*EzkVQm8NsLlsfEhA.jpg" height="217" src="https://cdn-images-1.medium.com/max/800/0*EzkVQm8NsLlsfEhA.jpg" width="400" /></span></div>
</div>
<figcaption class="imageCaption"><span style="font-family: "verdana" , sans-serif;">The real beneficiary of the Titanium companies — Mahmud Abu Bekir</span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="20a0" name="20a0" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Just
last week, the Malaysian Anti-Corruption Commission (MACC) criticised
such cronyism when it tabled its 2014 report in Parliament.</span></div>
<div class="graf--p graf-after--figure" id="20a0" name="20a0">
<br /></div>
<div class="graf--p graf-after--p" id="958d" name="958d" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The
report stated that based on investigations conducted, three top
administrations in the Sarawak government have manipulated their power
in granting land approvals. The report concluded that, absolute power
without control could lead to power which could be <i class="markup--em markup--p-em">“manipulated for personal and family gains by the minister.”</i></span></div>
<div style="text-align: justify;">
<blockquote class="graf--blockquote graf--startsWithDoubleQuote graf-after--p" id="3943" name="3943">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--blockquote-em">“The
MACC’s investigation found that the manipulation of given power
existed. The manipulation happened when an application by the family of a
minister (with the power to grant land) was approved by another
minister who also has the power to approve land application. Section
13(1) and 38 of the Sarawak Land Code grants absolute power to the
minister in making decisions whether to approve any land application in
the state”</i></span></blockquote>
</div>
<div class="graf--p graf-after--blockquote" id="c4b9" name="c4b9" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">It is a sorry state of affairs, given all the promises of reform once Taib was bumped upstairs.</span></div>
<div class="graf--p graf-after--blockquote" id="c4b9" name="c4b9" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="6189" name="6189" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">In
May, Adenan pronounced in a recorded speech in London that he was
planning to restore Sarawak’s forests, curb further oil palm plantation,
end corruption and stop gratuitous dam building.</span></div>
<br />
<figure class="graf--figure graf--layoutOutsetLeft graf-after--p" id="0276" name="0276"></figure><figure class="graf--figure graf--layoutOutsetLeft graf-after--p" id="0276" name="0276"><div class="aspectRatioPlaceholder is-locked" style="max-height: 194px; max-width: 399px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="194" data-image-id="0*lWgeSHOaIt0A_VH-.jpg" data-scroll="native" data-width="399">
<span style="font-family: "verdana" , sans-serif;"><img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/600/0*lWgeSHOaIt0A_VH-.jpg" src="https://cdn-images-1.medium.com/max/600/0*lWgeSHOaIt0A_VH-.jpg" /></span></div>
</div>
<figcaption class="imageCaption"><span style="font-family: "verdana" , sans-serif;">Chung family residence in Kuching — getting rich of political contacts</span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="6de7" name="6de7" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Nevertheless, by August he was standing firmly <a class="markup--anchor markup--p-anchor" data-href="http://www.themalaysianinsider.com/malaysia/article/sarawak-will-stand-by-najib-and-zahid-says-adenan" href="http://www.themalaysianinsider.com/malaysia/article/sarawak-will-stand-by-najib-and-zahid-says-adenan" rel="nofollow">behind</a> Malaysia’s scandal engulfed Prime Minister Najib Razak and in September he <a class="markup--anchor markup--p-anchor" data-href="http://www.sarawakreport.org/2015/09/najib-and-taib-under-global-scrutiny-at-second-day-of-anti-corruption-conference/" href="http://www.sarawakreport.org/2015/09/najib-and-taib-under-global-scrutiny-at-second-day-of-anti-corruption-conference/" rel="nofollow">rebutted </a>corruption allegations against his notorious predecessor, Taib Mahmud.</span></div>
<div class="graf--p graf-after--figure" id="6de7" name="6de7" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="04af" name="04af" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Adenan
may want the international community to believe that he is tackling the
major issues affecting the state, but Radio Free Sarawak have been
receiving locals calls, which contradict that narrative on a daily
basis.</span></div>
<div class="graf--p graf-after--p" id="04af" name="04af" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="97af" name="97af" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Broadcasts over the last couple of weeks alone have highlighted cases of <a class="markup--anchor markup--p-anchor" data-href="https://radiofreesarawak.org/2015/12/tr-jambai-victim-speaks-on-slashing-case/" href="https://radiofreesarawak.org/2015/12/tr-jambai-victim-speaks-on-slashing-case/" rel="nofollow">violence</a> and arrests of native land defenders, <a class="markup--anchor markup--p-anchor" data-href="https://radiofreesarawak.org/2015/11/penans-shortchanged-this-time-by-their-own-people/" href="https://radiofreesarawak.org/2015/11/penans-shortchanged-this-time-by-their-own-people/" rel="nofollow">land</a> grabbing and intimidation against <a class="markup--anchor markup--p-anchor" data-href="https://radiofreesarawak.org/2015/11/more-promises-before-the-election-but-will-they-last/" href="https://radiofreesarawak.org/2015/11/more-promises-before-the-election-but-will-they-last/" rel="nofollow">opposition</a> supporters. Just this week, opposition politician Nurul Izzah was barred from entering the state, a move which lawyers have <a class="markup--anchor markup--p-anchor" data-href="http://www.themalaysianinsider.com/malaysia/article/sarawak-travel-ban-abuse-of-immigration-powers-says-lawyers-group" href="http://www.themalaysianinsider.com/malaysia/article/sarawak-travel-ban-abuse-of-immigration-powers-says-lawyers-group" rel="nofollow">condemned</a>.</span></div>
<div style="text-align: justify;">
<blockquote class="graf--blockquote graf--startsWithDoubleQuote graf-after--p" id="b11d" name="b11d">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--blockquote-em">“Such
a policy directly contravenes the freedom of movement guaranteed in
Article 9 of the Federal Constitution, where every citizen of Malaysia
has the right to move freely throughout the federation.” </i>says Lawyers For Liberty’s Eric Paulsen.</span></blockquote>
</div>
<div class="graf--p graf-after--blockquote" id="2ad2" name="2ad2" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">To
mark International Human Rights Day on Thursday, 500 representatives
from various native rights groups gathered in Kuching to highlight what
they see as the major issues affecting the state. These <a class="markup--anchor markup--p-anchor" data-href="http://www.sarawakreport.org/campaign/joint-statement-indigenous-peoples-and-civil-society-organisations-in-sarawak-wants-government-to-respect-and-improve-human-rights-in-the-country/" href="http://www.sarawakreport.org/campaign/joint-statement-indigenous-peoples-and-civil-society-organisations-in-sarawak-wants-government-to-respect-and-improve-human-rights-in-the-country/" rel="nofollow">include</a>
the need for recognition of indigenous community conserve forest areas
(Pulau Galau) and ancestral territories (Pemakai Menoa), making
Environmental Impact Assessment (EIA) reports available to all affected
communities and to stop land grabbing and the abuse of state immigration
powers.</span></div>
<div class="graf--p graf-after--p" id="792f" name="792f">
<br /></div>
<div class="graf--p graf-after--p" id="792f" name="792f">
<span style="font-family: "verdana" , sans-serif;"><b class="markup--strong markup--p-strong">The full list of the land that was granted to Genuine Formation Sdn Bhd can be found below:</b></span></div>
<br />
<figure class="graf--figure graf-after--p" id="72be" name="72be"></figure><figure class="graf--figure graf-after--p" id="72be" name="72be"><div class="aspectRatioPlaceholder is-locked" style="max-height: 572px; max-width: 289px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="572" data-image-id="0*rqLke73S8pDdyXUq.jpg" data-scroll="native" data-width="289">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*rqLke73S8pDdyXUq.jpg" src="https://cdn-images-1.medium.com/max/800/0*rqLke73S8pDdyXUq.jpg" /></div>
</div>
</figure><figure class="graf--figure graf-after--figure graf--last" id="4fff" name="4fff"></figure><section class=" section--body section--first" name="d499"><div class="section-content">
<div class="section-inner layoutSingleColumn">
<br />
<figure class="graf--figure graf-after--figure graf--last" id="4fff" name="4fff"><div class="aspectRatioPlaceholder is-locked" style="max-height: 482px; max-width: 288px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="482" data-image-id="0*NFyRpVHunSpelPzI.jpg" data-scroll="native" data-width="288">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*NFyRpVHunSpelPzI.jpg" src="https://cdn-images-1.medium.com/max/800/0*NFyRpVHunSpelPzI.jpg" /></div>
</div>
</figure></div>
</div>
</section><section class=" section--body section--last" name="4cea"><div class="section-divider layoutSingleColumn">
<hr class="section-divider" />
</div>
<div class="section-content">
<div class="section-inner layoutSingleColumn">
<div class="graf--p graf--first graf--last" id="eea8" name="eea8">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--p-em">Originally published at </i><a class="markup--anchor markup--p-anchor" data-href="http://www.sarawakreport.org/2015/12/cheap-land-for-taib-linked-company-adenan-should-explain/" href="http://www.sarawakreport.org/2015/12/cheap-land-for-taib-linked-company-adenan-should-explain/" rel="nofollow"><i class="markup--em markup--p-em">www.sarawakreport.org</i></a><i class="markup--em markup--p-em">.</i></span></div>
</div>
</div>
</section></div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com1tag:blogger.com,1999:blog-8761251441146419245.post-91162609073944023382015-11-14T03:09:00.000+08:002015-11-14T03:09:22.159+08:00The Incredible Lengths The Culprits Behind 1MDB Will Go To Try To Discredit Sarawak Report<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="col-md-8 article">
<img alt="Liar's, Forgers And Paid PR People Posing As Activists - Black PR Against Sarawak Report Exposed" class="top-image" height="240" src="http://i3.sarawakreport.org/f/b/e/5/2/fbe528846efd6c470f925f3540b082a8440fc19d.jpg" width="400" />
<h1 style="text-align: justify;">
<a href="http://www.sarawakreport.org/2015/11/liars-forgers-and-paid-pr-people-posing-as-activists-black-pr-against-sarawak-report-exposed/" target="_blank"><span style="font-size: large;"><span style="font-family: Verdana,sans-serif;">Liar's, Forgers And Paid PR People Posing As Activists - Black PR Against Sarawak Report Exposed</span></span></a></h1>
<div style="text-align: justify;">
<a href="http://www.sarawakreport.org/2015/11/liars-forgers-and-paid-pr-people-posing-as-activists-black-pr-against-sarawak-report-exposed/" target="_blank"><span style="font-size: large;"><span style="font-family: Verdana,sans-serif;"></span></span></a></div>
<h4 class="datestamp" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">11 Nov 2015</span></span></h4>
<h4 class="datestamp" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Reproduced With Permission </span></span></h4>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div class="wp-caption alignright" id="attachment_28574" style="text-align: justify; width: 258px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Spot the name change - Ashrai Rossil, the Malaysian student famous for getting hurt in a gang attack in London" class="size-medium wp-image-28574" data-file-id="8887" height="200" src="http://i1.sarawakreport.org/5/8/a/3/2/58a32ccdf375dbdc49a522322aed044fa20a77b3.jpg" width="128" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Same
picture different ID! Ashraf Rossli, the newspaper photo of the
Malaysian student famous for surviving a gang attack in London</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The recent PR campaign against Sarawak Report, supposedly supported
by a team of enthusiastic Tweeters and Facebook fans, has accused this
writer of being a “liar” and a “forger” and of being a paid “activist
posing as a journalist”.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Yet our research, <a href="http://www.independent.co.uk/life-style/gadgets-and-tech/news/dead-peoples-identities-stolen-for-fake-twitter-accounts-used-to-smear-human-rights-journalist-a6730811.html">together with the UK’s Independent newspaper, </a>into the anonymous outfit behind this campaign, has shown that these descriptions perfectly fit the accusers instead.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The Independent has today published their investigation and featured
our complaint against Facebook and Twitter, for taking inadequate steps
to protect victims from this kind of abuse.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Because, it is not only Sarawak Report that is being <a href="http://www.sarawakreport.org/2015/10/defamation-games-a-swiss-pr-anonymous-attacks-a-fake-twitter-army-and-information-they-all-share/">defamed and abused</a> by this expensively commissioned ‘Black PR’ campaign.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">A whole series of innocent and vulnerable people are also being
exploited, because their pictures and identities are being stolen and
used to create fake characters in a clear act of forgery and lies.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">These include Ashraf Rossli (above) a Malaysian student, who gained
world sympathy when he was robbed on camera during the London riot. Ashraf is depicted by these hired forgers as a fictitious character
called Sam Woo, who falsely claims in his tweets that Sarawak Report
removes comments by people who disagree with its reports.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“Wow! Post a question on the sawarak report and if they
don’t agree with you it gets deleted. I thought they were about
transparency?!” [sam woo @Malayobserver2]</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28578" style="text-align: justify; width: 395px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Philip Goodeve-Docker - tragically lost to his family, but now cynically utilised to create a fake attacker against SR called 'Harry Draker"" class="size-medium wp-image-28578" data-file-id="8888" height="400" src="http://i2.sarawakreport.org/2/f/3/8/0/2f380722be7442f7b93de5dbef083c745c60a518.jpg" width="395" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Philip
Goodeve-Docker – tragically lost to his family, but now cynically
utilised to create a fake attacker against SR called ‘Harry Draker”</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Further victims of this form of identity theft and abuse even include
people who have died and reputable individuals, whom these fake Twitter
accounts associate with seedy call girls and dodgy ‘followers’.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Indeed, as the UK’s Independent newspaper has today reported to an
outraged British public, these scammers have dragged in all manner of
innocent people into their vendetta against Sarawak Report, in
retaliation for our reporting on 1MDB and the corrupt petroleum company
PetroSaudi.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">A British Arctic explorer, Philip Goodeve-Docker, who recently<a href="http://www.dailymail.co.uk/news/article-2397074/Novice-explorer-Philip-Goodeve-Docker-31-Arctic-expedition-froze-death.html"> died tragically </a>after
becoming stranded in appalling icy conditions, for example, has been
reinvented as a banker named Harry Drakeford, allegedly keen to promote
an anonymous defamatory Facebook site called The Real Clare Rewcastle,
which accuses Sarawak Report of lying and forging.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_28579" style="text-align: justify; width: 750px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Unfortunately the real man in this picture has died, so the opinions are cruelly faked." class="size-large wp-image-28579" data-file-id="8889" height="238" src="http://i1.sarawakreport.org/1/7/7/1/c/1771caf9d26570742661685c0f4e4bf0abf045c8.jpg" width="400" /></span><span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;"> </span></span></div>
<div class="wp-caption aligncenter" id="attachment_28579" style="text-align: justify; width: 750px;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Unfortunately the real man in this picture has died, so the opinions </span></span></div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">are cruelly faked.</span></span><span style="font-family: Verdana,sans-serif;"></span><span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;"></span></span><span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;"> Philip’s father, Nigel Goodeve-Docker, told </span></span></div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">The Independent <em>“It’s very distasteful. It is cheap to use the </em></span></span></div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;"><em>photograph of a dead person who can’t complain.”</em></span></span></div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Numerous other innocent people have had their photos snatched off
from websites and then attached to fictitious characters and Twitter
accounts, according to the research by ourselves and The Independent.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Photos have even been changed for the same ID, altering them
overnight to a completely different race or age group, while keeping the
very same name and identity!</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In one case a deceased American named Samuel Everett Morehead was
revived to form a Twitter account under Sam Everett, with an
unaccountable interest in Malaysia and SR.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_28580" style="text-align: justify; width: 750px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Accusing Sarawak Report of secret funding from the pharmaceutical company Novartis!" class="size-large wp-image-28580" data-file-id="8890" height="74" src="http://i0.sarawakreport.org/c/9/7/0/6/c9706da7c143acb8f8bb317bb60720fdd43bb594.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Accusing Sarawak Report of secret funding from the pharmaceutical company</span></span></div>
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Novartis!</span></span><span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;"></span></span><span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;"> Unfortunately, our researches have shown that Samuel Everett </span></span></div>
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Morehead died in Dallas, Texas back in March 2013.</span></span></div>
</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_28581" style="text-align: justify; width: 750px;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;"><img alt="No respect" class="size-large wp-image-28581" data-file-id="8891" height="169" src="http://i2.sarawakreport.org/e/2/f/a/5/e2fa52de23fbfe75717b67950cb858f6e0a017af.jpg" width="400" /></span></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">No respect</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Families of Mr Morehead and others treated in this way have every
right to be shocked and to complain at the lack of respect for their
loved ones. However, the scammers then callously switched the photo for
this fake onto somebody completely different.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Meet the new ‘Sam Everett’!</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_28585" style="text-align: justify; width: 750px;">
<span style="font-family: Verdana,sans-serif;"><img alt="The actual person represented in this picture is one Kelvin Fang, who works as a property consultant in Australia." class="size-large wp-image-28585" data-file-id="8895" height="208" src="http://i0.sarawakreport.org/c/0/6/9/a/c069a3a2c29d160f5f0aa26cffe3da21f86d4a42.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">The actual person represented in this picture is one Kelvin Fang, </span></span></div>
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">who works as a property consultant in Australia.</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This new Sam Everett is in fact a chap called Kelvin Fang, from a
completely different nationality and part of the world and several
decades younger!</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_28591" style="text-align: justify; width: 400px;">
<span style="font-family: Verdana,sans-serif;"><img alt="The real Kelvin Fang" class="size-medium wp-image-28591" data-file-id="8901" height="259" src="http://i1.sarawakreport.org/5/2/f/2/7/52f27393c9f78c511771f3014cb0b28db9b98fa9.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">The real Kelvin Fang</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In real life Kelvin is a property consultant in Australia and presumably has no idea that his face is being used in this way.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Cynically, the liars and forgers behind this identity claim in his personal statement:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><em>“Opinions/tweets are my own and they are usually serious”. </em></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Nothing could be further from the truth!</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Yet, despite this string of abuses by paid PR companies, who are also
defaming us, we encountered a worrying lack of response and concern
from both Facebook and Twitter when we tried to alert them to the
problem.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28583" style="text-align: justify; width: 200px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Brave eco-campaigner used to shaft SR" class="size-thumbnail wp-image-28583" data-file-id="8893" height="200" src="http://i3.sarawakreport.org/b/0/a/d/2/b0ad2d4548be71fd5295fae11c91eea9feeab0c7.jpg" width="200" /></span><div class="wp-caption-text" style="text-align: left;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Brave eco-campaigner used to shaft SR</span></span></div>
<div class="wp-caption-text" style="text-align: left;">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Sarawak Report was forced to take legal action and to inform the
British media over an issue that we believe Facebook and Twitter ought
to have rectified right away by removing the offending ‘sock puppets’.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Another well-known face abused by the paid defamers of Sarawak Report
was the Turkish Greenpeace environmental campaigner Gizem Arkhan
(left).</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">She endured <a href="http://www.hurriyetdailynews.com/turkish-greenpeace-activist-gizem-akhan-comes-out-of-russian-jail.aspx?pageID=238&nID=58410&NewsCatID=353">time in a Russian jail</a> after highlighting the problem of drilling in the Arctic.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Yet, Gizem has been re-invented by the PR campaign as a different
environmentalist called Ella Dooley, whose fake tweets are all designed
to poke criticism and accusations against people working for this site.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_28584" style="text-align: justify; width: 750px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Fake again." class="size-large wp-image-28584" data-file-id="8894" height="246" src="http://i0.sarawakreport.org/0/b/6/4/2/0b6425cac01ca5b0207d53d6139fd5fd28b1b92c.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Fake again – Arctic activist Gizem Arkhan becomes Ella Dooley focused on </span></span></div>
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">South East Asia</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Another use to which these sock puppets have been put has been to
deliberately tweet falsehoods to the professional clients and associates
of people working with Sarawak Report, in a malicious attempt to
undermine their business and damage their livelihoods.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_28587" style="text-align: justify; width: 400px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Rosy or Lilian?" class="size-medium wp-image-28587" data-file-id="8897" height="261" src="http://i2.sarawakreport.org/e/9/f/7/6/e9f760cd232f2e3f2cd888a0d7ad40218c7f0da3.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Rosy or Lilian?</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The long list of people used in this way includes British travel
company executive, who advertises a help line under her name Rosy for
the company<a href="http://www.responsibletravel.com/?gclid=Cj0KEQiAyIayBRDo4vjdqJrgxZ0BEiQAhOYCYHXzSIXDkL9p0jk6E_hIbdyc9rZrobe_ABtGMw91rP8aAr238P8HAQ"> Responsible Travel</a> in London.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Thanks to the forgers she has now been re-designated as an air hostess working out of KL.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Like all the other fake Twitter accounts, hers was created on October
23rd at the start of the campaign and at the same time that the
Facebook site defaming SR was set up. Her tweets are designed to steer
people to look at that Facebook site, which has paid for “promoted
content” status on Facebook to get further attention.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_28586" style="text-align: justify; width: 750px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Rosy becomes fictitious Lilian Woodfull - who calls SR a liar" class="size-large wp-image-28586" data-file-id="8896" height="277" src="http://i2.sarawakreport.org/e/2/0/4/1/e2041034466cd97938ee0c224e2ab319e6a277bc.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Rosy becomes fictitious Lilian Woodfull – who calls SR a liar</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">One senior British lawyer also abused in this way, Nathan Willmott,
was dismayed when Sarawak Report informed him that in his case his real
name and photograph is being used for another of these Twitter
characters, which has nothing to do with him.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28588" style="text-align: justify; width: 384px;">
<span style="font-family: Verdana,sans-serif;"><img alt="David Begg becomes David Beg - same photo!" class="size-medium wp-image-28588" data-file-id="8898" height="400" src="http://i1.sarawakreport.org/1/f/0/d/6/1f0d6698796414ec691c2f94ca43a1c84ab167fc.jpg" width="384" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">David Begg becomes David Beg – same photo!</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">He was particularly upset that the forged site makes reference to
alleged activities with his family members and confirmed to Sarawak
Report that this liberty with his personal life was a fake intrusion.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In another case a senior Irish union leader, who has just retired, named <a href="http://www.irishtimes.com/business/ictu-chief-david-begg-to-retire-1.1931989">David Begg,</a>
found that his photograph and mis-spelt name are being used on an
account that attacks Sarawak Report and praises the Malaysian Palm Oil
Council.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">His office told Sarawak Report that he would not be pleased and they
confirmed that Mr Begg has never had a Twitter account in his life.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The long list of people being treated in this way continues.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">One Malaysian girl, who had <a href="http://www.vice.com/read/female-circumcision-is-becoming-more-popular-in-malaysia">spoken to the press</a>
about her ultra-orthodox Muslim views and willingness to be
circumcised, had her photo re-invented into a fake character called Rose
Verdon – again promoting anti-SR material.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_28589" style="text-align: justify; width: 750px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Attacking SR for alleged donation fraud" class="size-large wp-image-28589" data-file-id="8899" height="349" src="http://i3.sarawakreport.org/7/4/c/1/8/74c18a998105e3a942b2e1acc118bd5ad9d9fc01.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Attacking SR for alleged donation fraud</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Later, the scammers again seem to have had a change of mind about
this identity, so a few days later and welcome to the new Rose Verdon
(below).</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28590" style="text-align: justify; width: 268px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Make up your minds before you forge identities?" class="size-medium wp-image-28590" data-file-id="8900" height="400" src="http://i1.sarawakreport.org/5/d/e/c/8/5dec8129bcdb5b2c8e5c1c58726aa15838ca98b0.jpg" width="268" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Make up your minds before you forge identities?</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">No longer is she an orthodox Malay girl, but a British expat living in KL!</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Another fake persona in this campaign goes under the name of Edward
Bungaree, who is particularly aggressive against Sarawak Report and like
many of the characters is also used to post attacking comments on our
site.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Yet in reality his photo comes from a completely different Malaysian
chap called Kavin Menon, according to reverse picture searches.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Altogether, Sarawak Report has identified dozens of these characters,
each of one of which represents an abuse of the identity and privacy of
an innocent person, quite apart from taking part in a defamation
campaign against Sarawak Report, which is also innocent of the
accusations that the people hiding behind these characters are making.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong> </strong></span></h3>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>Case to answer by Facebook and Twitter</strong></span></h3>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong> </strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_28592" style="text-align: justify; width: 200px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Does Kavin know he is being faked as Edward Bungaree?" class="size-thumbnail wp-image-28592" data-file-id="8902" height="200" src="http://i2.sarawakreport.org/e/a/9/b/a/ea9ba5307d921b2437686cb01cc2ab8f558f0731.jpg" width="200" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Does Kavin know he is being faked as Edward Bungaree?</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">However, when Sarawak Report attempted to report these concerns to
Facebook and Twitter, explaining that not only were falsehood and
untruths being spread on sponsored (paid for) Facebook content, but that
ordinary unwitting people were being exploited for their images and
identities, we found a shocking lack of response.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">These are billion dollar companies, which make their money from
people interfacing on the web, but we found them virtually impossible to
contact via the web themselves, especially to complain.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Finally we had to send legal letters, because the complaints
procedure is so inadequate. At no point can you lay out the details of
your complaint in writing to Facebook, neither can you appeal directly
to a customer relations officer.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_28596" style="text-align: justify; width: 750px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Once again the false accusation about Novatis by "Edward Bungaree"" class="size-large wp-image-28596" data-file-id="8905" height="194" src="http://i3.sarawakreport.org/3/7/7/0/0/377007155e66f6ce3278e0a7d3711fcc0ee1fb44.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Once again the false accusation about Novatis by “Edward Bungaree”</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Instead, the company merely provides a tick box option from a handful
of pre-decided categories of complaint, which they have offered you to
select.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28594" style="text-align: justify; width: 222px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Quick change, the new photo of Bungaree, placed in the past few hours is another fake, this time the victim is another malaysian" class="size-medium wp-image-28594" data-file-id="8904" height="400" src="http://i2.sarawakreport.org/e/9/8/e/4/e98e4d8b41e05f64779c9b2af449c6cca4c9af3a.jpg" width="222" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Quick
change, the new photo of Bungaree, placed in the past few hours is
another fake, the student interested in social justice has become an
older teacher!</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">There is no space to explain the details of your complaint or the
reasons for your concerns. You are not even given the opportunity to say
whether you yourself are the victim of the harassment or a third party
complainant.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Twitter does allow the complainant to detail the complaints, but it produced no better result.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">All the complaints submitted by Sarawak Report and related parties to
Facebook and Twitter rapidly triggered pro-forma negative responses,
informing us that Facebook’s and Twitter’s ‘Community Teams’ had not
judged that the ‘reported issue’ breached their guidelines.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Twitter’s standard brush off reply stated:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><em>“We reviewed the account and content reported and are unable to
take action given that we could not determine a clear violation of the
Twitter rules surrounding abusive behaviour.”</em></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Neither company offered a right of appeal.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The impression thereby given is Facebook and Twitter’s Community
Teams consider that making money from stealing of people’s identities
(including those of the dead) in order to use them to aggressively
libel a third party for commercial purposes does not breach their
guidelines.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_28598" style="text-align: justify; width: 341px;">
<span style="font-family: Verdana,sans-serif;"><img alt="No choice but to be anonymous in this pro-forma complaints procedure" class="size-full wp-image-28598" data-file-id="8907" height="400" src="http://i0.sarawakreport.org/8/0/b/b/3/80bb3d1c2f8444e8d135468e6a548a43514b8db9.jpg" width="261" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">No choice but to be anonymous in this pro-forma complaints procedure</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">To take further action complainants are obliged to hire lawyers to
track down Facebook’s own elusive legal representatives at their
address: 1 Hacker Way, Palo Alto.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28600" style="text-align: justify; width: 400px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Fake Laura tweets about SR" class="size-medium wp-image-28600" data-file-id="8908" height="256" src="http://i0.sarawakreport.org/0/b/4/4/d/0b44d70dfde5eb4bd007d62079a03b30495c36fb.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Fake Laura tweets about SR</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">We have asked if this is an option available, for example, to vulnerable young people?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Or to people who are being misrepresented by fake characters using their identities?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">For the record, Sarawak Report denies and refutes all the lies and
accusations made against the Editor of this site, which untruthfully
accuse her of criminal actions or willingness to participate in criminal
actions and of receiving illicit payments etc etc.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_28601" style="text-align: justify; width: 400px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Real Laura never mentions SR on Facebook" class="size-medium wp-image-28601" data-file-id="8909" height="273" src="http://i1.sarawakreport.org/1/9/d/4/4/19d4478e41074032f6d97045bcdddbe1c3500fb6.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Real Laura never mentions SR on Facebook</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">We deplore the tactics of selectively quoting out of context and with
malicious intent private messages that were passed to the Swiss PR man <a href="http://www.sarawakreport.org/2015/10/defamation-games-a-swiss-pr-anonymous-attacks-a-fake-twitter-army-and-information-they-all-share/">Marc Comina</a>
by his client Xavier Justo and which he then passed on to third parties
in a blatant and concerted attempt to allege that Sarawak Report
‘forged’ the evidence about 1MDB and PetroSaudi.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Till now <a href="http://www.sarawakreport.org/2015/11/liars-forgers-and-paid-pr-people-posing-as-activists-black-pr-against-sarawak-report-exposed/">Mr Comina has failed to respond </a>to
our queries as to whether he is also behind this dirty online campaign,
which UK contacts have informed us was being recently commissioned in
London by a Swiss PR company.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_28602" style="text-align: justify; width: 750px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Instead of posting malicious lies anonymously, why don't these big spenders put their names to such accusations, or better still sue SR?" class="size-large wp-image-28602" data-file-id="8910" height="280" src="http://i3.sarawakreport.org/b/5/e/8/2/b5e822a9952d29f6eb918651bee920dacf4455a1.jpg" width="400" /></span><div class="wp-caption-text" style="text-align: left;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Instead
of posting malicious lies anonymously, why don’t these big </span></span></div>
<div class="wp-caption-text" style="text-align: left;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">spenders put
their names to such accusations, or better still sue SR?</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Meanwhile, it is on the record that Comina has supplied to
journalists the materials (eg whatsapp messages) that are being abused
by this dirty PR campaign.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The lawyer Marc Henzolin, with whom he is working supposedly to
represent Xavier Justo, told one Swiss newspaper Le Temps, in an
‘exclusive interview':</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;"><span style="color: black;"><b>“</b></span>My client
has attended meetings where the Malaysian opposition and Clare Rewcastle
Brown clearly evoked the political use they intend to make the
documents they had not read. He considers that the documents have been
used unscrupulous way and that some have been changed. But to what
extent, what volume, he does not know. What is certain is that he has
the impression of having been used, handled. In addition, he has not
been paid, so he’s a little angry.” [<a href="http://www.letemps.ch/monde/2015/09/04/confession-xavier-justo-j-ai-trahi">Google Translate Le Temps</a>]</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The interviewer from Le Temps is one of Mr Comina’s own top Facebook
friends and he never asked for Sarawak Report to comment on this
defamatory accusation, even though he had our number.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28603" style="text-align: justify; width: 371px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Ex-journalist turned PR man for rich people in trouble" class="size-medium wp-image-28603" data-file-id="8911" height="400" src="http://i1.sarawakreport.org/1/9/c/0/6/19c06a45857e9d2387465d6f536414e36f219a58.jpg" width="371" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Ex-journalist turned PR man for rich people in trouble</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Mr Comina has further failed to answer as to whether his actual
client is not in fact the company PetroSaudi, rather than the jailed Mr
Justo.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">We have accused PetroSaudi of corruptly participating in the theft of
billions of dollars from 1MDB, partly thanks to evidence provided by
Justo, whom the company then denounced for blackmail.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Mr Comina has told journalists that the present advice to Justo from
his Swiss PR cum legal team has been to confess to PetroSaudi’s
allegations of extortion and allege that Sarawak Report ‘doctored’
innocent emails from PetroSaudi in order to get an early release in
Thailand.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">However, just a few days ago Justo’s own legal team, of which
Henzelin is part, dropped his appeal for an early release, leaving him
to rot in a Thai jail where he cannot testify against PetroSaudi or
1MDB.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Comina and the black PR ops, who are using his material, should
therefore stop making false accusations and staging anonymous dirty
online campaigns against Sarawak Report.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">If their employers have an issue with what we have published they
should come out in the open and sue us in a court of law instead…
something they have so far dared not do.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><a href="http://www.independent.co.uk/life-style/gadgets-and-tech/news/dead-peoples-identities-stolen-for-fake-twitter-accounts-used-to-smear-human-rights-journalist-a6730811.html">READ THE STORY IN THE INDEPENDENT</a></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><b>Sarawak Report</b></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><b> </b> </span></div>
</div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-19838288084210400592015-11-11T01:37:00.002+08:002015-11-11T01:37:32.341+08:00The Long Lost Stolen Bugis Pirate Treasure Of 1MDB<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="col-md-8 article">
<img alt="Australian Investigation Further Confirms 1MDB's Cayman Con-Trick" class="top-image" height="240" src="http://i1.sarawakreport.org/d/9/0/8/1/d90819be123d8d617980e8de7d6b8a8879b52fb5.jpg" width="400" />
<h1>
<a href="http://www.sarawakreport.org/2015/11/australian-investigation-further-confirms-1mdbs-cayman-con-trick/" target="_blank"><span style="font-size: large;"><span style="font-family: Verdana,sans-serif;">Australian Investigation Further Confirms 1MDB's Cayman Con-Trick</span></span></a></h1>
<a href="http://www.sarawakreport.org/2015/11/australian-investigation-further-confirms-1mdbs-cayman-con-trick/" target="_blank"><span style="font-size: large;"><span style="font-family: Verdana,sans-serif;"></span></span></a><h4 class="datestamp">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">8 Nov 2015</span></span></h4>
<h4 class="datestamp">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><span style="font-size: x-small;">Reproduced with permission</span> </span></span></h4>
<div class="icl_post_in_other_langs">
This post is also available in:
<a href="http://www.sarawakreport.org/ms/2015/11/siasatan-australia-seterusnya-mengesahkan-tipu-helah-cayman/">Malay</a>,
<a href="http://www.sarawakreport.org/iba/2015/11/pansik-australia-ngamatka-pengawa-ngelakar-di-pulau-cayman/">Iban</a>
</div>
<div class="wp-caption alignright" id="attachment_28532" style="width: 257px;">
<img alt="Where 1MDB chose to lose its billions.... Cayman Islands" class="size-full wp-image-28532" data-file-id="8880" height="196" src="http://i2.sarawakreport.org/e/e/e/4/f/eee4fb84689b101b2f29c99dba9eb629952563af.jpg" width="257" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Treasure Islands – where 1MDB chose to bury its missing billions through Avestra/Bridge Global</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The company which 1MDB engaged to allegedly buy up its so-called
investment in PetroSaudi back in 2012 is now under a separate
investigation by the Australian authorities.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In the absence of a proper open enquiry in Malaysia itself into the
shenanigans surrounding this dodgy deal, the liquidation of Avestra by
the Australian Securities and Investments Commission (ASIC) has provided
some very useful information.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In particular, it nails the lies about an alleged billion dollar
fund, secretively located in the Cayman Islands, which 1MDB had claimed
contained its ‘profits’ from the PetroSaudi venture.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The Sydney-based Malaysian economics writer <a href="http://sahathevan.blogspot.com.au/2015/11/australias-asic-find-no-evidence-of-1.html">Ganesh Sahathevan</a>
has been pulling together the details of the ASIC investigation over
the past few days and he has produced devastating evidence that the
Australian investigation has concluded that Avestra never had more than a
few tens of millions of dollars worth of funds under its total
management – a far cry from the US$2.3 billion 1MDB claimed to have
alone invested.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This adds to the information that the so-called Bridge
Global Absolute Return Fund SPC, allegedly managed by Avestra, did not
in fact exist as a licensed body in the Caymans at the time 1MDB says it
plunged so much money into it.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The Wall Street Journal has summed up the dodgy sequence of events in a recent article “<a href="http://uk.advfn.com/news/DJN/2015/article/69131305">Hunt For Billions Invested in 1MDB Points To Australia</a>“:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">In 2012, 1MDB put $2.32 billion of what it said were
proceeds from its PetroSaudi investment into a Cayman Islands-registered
entity called Bridge Global Absolute Return Fund SPC. According to
1MDB, that money included its initial $1 billion investment, plus a
later investment of about $800 million and profits it earned in the
venture. The Bridge Global fund was set up only weeks before it received
the 1MDB money, according to documents from the Cayman Islands
corporate registry that don’t say who set it up.</span><br />
</blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">In testimony in June to the parliamentary committee investigating
1MDB, a representative from current auditor Deloitte Touche Tohmatsu
Ltd. said the money in Bridge Global at that time was managed by
Avestra. Australia’s regulator says Avestra became an “investment
adviser” to Bridge Global in March 2014. It is unclear whether Avestra
had any prior connection to Bridge Global or if it still has a role at
the Cayman Islands fund…..</span><span style="font-family: Verdana,sans-serif;"></span> </blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">Opposition politicians and even some members of Malaysia’s ruling
party, however, have wondered why 1MDB would keep so much money in a
little-known fund….. 1MDB’s auditor, KPMG LLP, was fired in December
2013 by Mr. Najib, who is chairman of 1MDB’s board of advisers, after it
refused to sign off on the Malaysian fund’s financial accounts without
more details on the investment in Bridge Global, according to the
auditor general report.</span>
</blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">To enable Deloitte to sign off on its books after KMPG was fired,
1MDB got [Aabar].. to guarantee the investments in Bridge Global, a
Deloitte auditor told the Malaysian parliamentary committee…</span></blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">Soon after, 1MDB used its investment in Bridge Global as collateral
for a $975 million loan from a group of banks including Deutsche Bank.
Questioning its collateral after already giving the loan, the banks
pressed 1MDB to pay back the loan just nine months after it was issued,
according to Malaysia’s finance ministry.</span><span style="font-family: Verdana,sans-serif;"></span><span style="font-family: Verdana,sans-serif;"></span> </blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">The Abu Dhabi firm IPIC [Aabar] stepped in again. It agreed to take over some of 1MDB’s debt, including the Deutsche <span class="itxtrst itxtrstspan itxtnowrap" id="itxthook4p"><span class="itxtrst itxtrstspan itxtnowrap itxtnewhookspan" id="itxthook4w">Bank loan</span></span>, in return for equity, under the terms of an agreement signed in May with the Malaysian fund.</span>
</blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">Last year 1MDB said it had redeemed roughly $1.22 billion of its
$2.32 billion investment in Bridge Global. Officials at 1MDB said the
remaining investment of just over $1 billion will be handed over to Abu
Dhabi’s IPIC as compensation for helping it repay the Deutsche Bank
loan. [Wall Street Journal November 3rd]</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">As followers of the 1MDB crisis will know, there is no prospect of
the so-called remaining investment being used to pay back Aabar however.
This is the alleged US$1.03 billion that Kanda had claimed was being
held in cash in the Brazen Sky account in BSI Bank Singapore.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Sarawak Report long since provided the <a href="http://www.sarawakreport.org/2015/04/1mdb-presented-false-documents-say-bsi-singapore-exclusive/">evidence that there was no such cash</a>, which Kanda was forced to then acknowledge. This was why the Deutsche Bank consortium had pulled out of the deal in May.</span></div>
<br />
<span style="font-family: Verdana,sans-serif;">
</span><div class="wp-caption aligncenter" id="attachment_28536" style="width: 750px;">
<img alt=""Highest standards of transparency and integrity throughout our organisation" ... especially in The Cayman Islands?" class="size-large wp-image-28536" data-file-id="8883" height="190" src="http://i1.sarawakreport.org/9/4/2/1/c/9421ca398f9153a67098fc52931817d4c2cb734c.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">“Highest standards of transparency and integrity throughout our organisation” </span></span></div>
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">… especially in The Cayman Islands?</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">As the Wall Street Journal points out, the deal with Aabar that Najib
as Prime Minister secured to get the further lending has committed the
Malaysian Government to find the money to pay Aabar back, despite all
his pretence that tax payers would not be forced to bail out 1MDB:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">At a news conference on Saturday [Oct 31st], 1MDB Chief
Executive Arul Kanda .. called the deal in May with IPIC, which also
includes the Abu Dhabi fund taking over other bonds issued by 1MDB, “the
final piece of our rationalization.”</span> </blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">The transfer of the remaining Bridge Global investment to IPIC isn’t
scheduled to occur until next year, according to the agreement. Any
shortfall in the value of the Bridge Global investment may have to be
covered by the Malaysian government, according to the terms of the May
agreement with IPIC.</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In fact, all the world knows that the ‘cash’, then ‘funds’, then
‘units’ allegedly proclaimed to have existed in first the Avestra/
Bridge Global Cayman Fund and now at BSI Singapore are no more than a
phantom tale.</span></div>
<br />
<span style="font-family: Verdana,sans-serif;">
</span><div class="wp-caption alignright" id="attachment_28537" style="width: 400px;">
<span style="font-family: Verdana,sans-serif;"><img alt="Malaysians should ask why Aabar's Khadem Al Qubaisi was so willing to guarantee 1MDB's non-existent funds in the Cayman Islands in 2013 and why the President of Abu Dhabi later personally had him sacked?" class="size-medium wp-image-28537" data-file-id="8884" height="303" src="http://i2.sarawakreport.org/2/3/b/7/2/23b7222eba9377929010d567f7b4b2ba92f2bdbe.jpg" width="400" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Malaysians
should ask why Aabar’s Khadem Al Qubaisi was so willing to guarantee
1MDB’s non-existent funds in the Cayman Islands in 2013 and why the
President of Abu Dhabi later <a href="http://www.sarawakreport.org/2015/09/the-real-wolves-of-wall-street-the-boys-from-aabar-and-their-friends-from-malaysia-exclusive-investigation/">personally had him sacked</a>?</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">All the money that had been ploughed into the PetroSaudi deal by 1MDB had long since been <a href="http://www.sarawakreport.org/2015/02/heist-of-the-century-how-jho-low-used-petrosaudi-as-a-front-to-siphon-billions-out-of-1mdb-world-exclusive/">deliberately stolen</a>
long before the arrangement was ‘closed down’ in 2012 and the so-called
‘investment’ in PetroSaudi allegedly ‘sold’ to shady Bridge Global in
the Caymans for a proclaimed US$2.32 billion.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The boys at Bridge Global were merely doing 1MDB a favour by agreeing
to conceal its massive losses – a favour for which they were doubtless
very reasonably paid.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Auditors KPMG were certainly not accepting the Cayman story and
Deloittes only agreed a year later to turn a blind eye to events which
it had not monitored directly, in return for the guarantee by the PM’s
new friends from Aabar.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In which case, why did Najib and the Malaysian Government agree to
commit to itself guarantee Aabar’s further loan last May, instead of
cashing in the supposed earlier guarantee made by Aabar to Deloitte?</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Clearly, because it amounted to a sham.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">As<a href="http://sahathevan.blogspot.com.au/2015/10/1-mdb-cayman-transaction-cayman-records.html"> Sahathevan</a> has
additionally pointed out, investigations into the limited information
available provided by the shady Cayman Island registers also show that
the fund into which Malaysia supposedly plunged its billions back in
mid-2012, did not in fact exist as a registered entity until November
2013!</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">1 MDB is reported to have invested USD 2,2 billion in
Bridge Global Absolute Return Fund SPC segregated portfolio units in
August 2012.</span><br />
<span style="font-family: Verdana,sans-serif;">However, the Cayman Islands Monetary Authority’s list of mutual funds
shows that the only fund named ” Bridge Global Absolute Return Fund
SPC” <a href="http://www.cimoney.com.ky/WorkArea/DownloadAsset.aspx?id=3861">was issued its license on 15 November 2013, more than a year AFTER 1 MDB is reported to have made its investment.</a></span> </blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">Without that license, Bridge Global Absolute Return Fund SPC would
not have been able to accept funds for investment as an entity subject
to the laws of the Caymans and it is doubtful if it would have otherwise
existed. Even if it was in existence before that date, 1 MDB could not
have dealt with it given its lack of standing</span>
</blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">What better evidence that there is no solid cash or even ‘unit’
values involved here…. just a whole lot of back-dated accounting fraud
by 1MDB!</span></div>
<br />
<span style="font-family: Verdana,sans-serif;">
</span><div class="wp-caption aligncenter" id="attachment_28542" style="width: 320px;">
<span style="font-family: Verdana,sans-serif;"><img alt="1MDB's so-called buried treasure chests in the Cayman Islands were always completely empty.... the money had been stolen long before!" class="size-full wp-image-28542" data-file-id="8885" height="400" src="http://i2.sarawakreport.org/2/5/a/f/8/25af820c0ed46564281e4adb97a3653c0448f6e0.jpg" width="263" /></span><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">1MDB’s buried treasure chests in the Cayman Islands were always completely empty…. the money had been stolen long before!</span></span></div>
<div class="wp-caption-text">
<br /></div>
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;"><span style="font-size: small;"><b>Sarawak Report</b></span></span></span></div>
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;"><span style="font-size: small;"><b> </b></span> </span></span></div>
</div>
</div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-17874977138031416912015-11-05T02:53:00.000+08:002015-11-05T02:58:29.561+08:00More Despicable Dirty Desperate PR Campaign Shenanigans Against Sarawak Report<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="col-md-8 article">
<img alt="Defamation Games: A Swiss PR; Anonymous Attacks; A Fake Twitter Army - And Information They All Share" class="top-image" src="http://i0.sarawakreport.org/0/6/2/7/e/0627e6db6ddaa58e730d67884444c610e7905edd.jpg" height="240" width="400" />
<br />
<h1>
<a href="http://www.sarawakreport.org/2015/10/defamation-games-a-swiss-pr-anonymous-attacks-a-fake-twitter-army-and-information-they-all-share/#disqus_thread" target="_blank"><span style="font-size: large;"><span style="font-family: "verdana" , sans-serif;">Defamation Games: A Swiss PR; Anonymous Attacks; A Fake Twitter Army - And Information They All Share</span></span></a></h1>
<h4 class="datestamp">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">31 Oct 2015</span></span></h4>
<h4 class="datestamp">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Reproduced with permission</span></span></h4>
<h4 class="datestamp">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;"> </span></span><img alt="Sponsored content on Facebook - who paid?" class="size-medium wp-image-28416" data-file-id="8847" src="http://i2.sarawakreport.org/e/d/8/c/d/ed8cd1de5c37cd4d25ad038a09331e191be2fd01.jpg" height="398" width="400" /></h4>
<div class="wp-caption alignright" id="attachment_28416" style="width: 400px;">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Sponsored content on Facebook – who paid?</span></span></div>
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">On October 23rd the latest paid PR campaign against Sarawak Report swung into its ‘new media’ phase.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">We have seen it all before.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">On that day a new Facebook site called ‘The Real Clare Rewcastle’
appeared online, replete with expensively commissioned cartoon videos
denouncing the editor of Sarawak Report as a “liar”, “forger” and
“activist posing as a journalist”.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Furthermore, it alleged that she had been paid by interested parties
to work to “topple a democratically elected Prime Minister”.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">On the self same day a bogus Facebook and Twitter army of
non-existent characters also made their debut to promote the videos and
attack Sarawak Report.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28417" style="width: 381px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Same things in common - started on same day, attacking same thing, same friends and followers - fake accounts." class="size-medium wp-image-28417" data-file-id="8848" src="http://i1.sarawakreport.org/d/9/8/a/b/d98abd6947e0f2ed091a7a6dd2042cf993daa5fe.jpg" height="400" width="381" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Same things in common – started on same day, attacking same thing, same friends and followers – fake accounts.</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<span style="font-family: "verdana" , sans-serif;">
</span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Supposedly, the characters came from different countries, ages and backgrounds.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">However, they are ‘followed’ by the same handful of organisations
(including dating agencies) and share the same handful of links.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">These October 23rd Tweeters and Facebook characters are all obsessed
with the same issue, which is to encourage people to go and read the new
Facebook site libelling Sarawak Report.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The motley crowd of allegedly unconnected fake people have also
developed a parallel obsession with passing round an allegation that
Sarawak Report is paid by none other than the Swiss pharmaceutical
company Novartis.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Why Novartis would wish to pay for an alleged plot to “topple a
democratically elected Prime Minister” remains unexplained, however the
company is unpopular with certain environmental groups, who appear to be
targeted in an attempt to undermine support for Sarawak Report.</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: "verdana" , sans-serif;">
</span>
<div class="wp-caption aligncenter" id="attachment_28418" style="width: 750px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="'KL air hostess Lillian' is invited to present herself along with her other new friends of 23rd October " class="size-large wp-image-28418" data-file-id="8849" src="http://i1.sarawakreport.org/1/a/f/5/3/1af5312cbd94b218ae1bc0b8ee026f1e1449d7f8.jpg" height="277" width="400" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">‘KL air hostess Lillian’ is invited to present herself along with her other </span></span></div>
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">new friends of 23rd October</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span>
<span style="font-family: "verdana" , sans-serif;">It is, of course, all entirely untrue.</span><br />
<br />
<span style="font-family: "verdana" , sans-serif;">
</span>
<div class="wp-caption alignleft" id="attachment_28419" style="width: 388px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Ella's two new oct 23rd friends Maya and Harry were soon onto the comments section of Sarawak Report spewing venom as well..." class="size-medium wp-image-28419" data-file-id="8850" src="http://i1.sarawakreport.org/1/f/5/e/9/1f5e931e81bc770fa75391b20815c9a916bdc02b.jpg" height="400" width="388" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Ella’s
only three followers include ‘Erotic Beauty’ and ‘Handsome Fresh’ and
her two new Oct 23rd contacts Maya and Harry were soon attacking the
comments section of Sarawak Report claiming we produce ‘no evidence’..</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span>
<h3>
<span style="font-family: "verdana" , sans-serif;"><b>Promoted content</b></span></h3>
<span style="font-family: "verdana" , sans-serif;">
</span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Nevertheless, the Facebook site is ‘promoted’ content, which means
that Facebook is being paid to direct it towards as wide a circle as
possible of interested people – eg all Malaysians.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">‘Ella’ (left) and her small army of fake friends have also started
trying to harass anyone involved with Sarawak Report, in order to
attempt to undermine their own separate contacts.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The sponsors of the site have remained anonymous, of course, to avoid
being held accountable for their blatantly libellous content.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The UMNO communications boss, Rahman Dahlan, of <a href="http://www.sarawakreport.org/2015/07/lester-melanyi-debunked/">Lester Melanyi fame</a>
would doubtless have approved of this whole cunning ruse to attack this
website, but the finger points elsewhere on this occasion.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_28420" style="width: 397px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Oct 23rd also saw the invention of 'Rosie' - pro the Najib budget and anti-SR" class="size-medium wp-image-28420" data-file-id="8851" src="http://i1.sarawakreport.org/d/4/8/4/9/d48496f33073d0af1ab2fa736a99b6f286c4c81b.jpg" height="400" width="397" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Oct
23rd also saw the invention of ‘Rosie’ – pro the Najib budget and
anti-SR. She has two followers including “Badclass Lingerie”</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<span style="font-family: "verdana" , sans-serif;">
</span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">A fortnight or so earlier Sarawak Report had received warnings that a
Swiss PR firm was ringing round the UK looking for a partner in a
‘dirty campaign’ against Clare Rewcastle.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The campaign was to involve material gained from her whatsap
communications with Xavier Justo, the ex-PetroSaudi Director who had
passed her a copy of that company’s database, including the details of
the 1MDB PetroSaudi joint venture involving the theft of US$1.83 billion
dollars from Malaysia.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Most UK PR companies declined to be involved in this grubby job, but where there is money there is always an eventual taker.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<h3>
<span style="font-family: "verdana" , sans-serif;"><b>Marc Comina</b></span></h3>
<span style="font-family: "verdana" , sans-serif;">
</span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">So who was the Swiss PR organising this campaign in the UK, which
appears to be now manifesting itself in The Real Clare Rewcastle
Facebook page and the British made videos attacking SR?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">It is well known amongst Swiss journalists that the man handling
matters supposedly on behalf of Xavier Justo in Switzerland over past
weeks has been the PR spokesman Marc Comina, who has represented a
variety of wealthy people in trouble.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28421" style="width: 400px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Nathan created Oct 23rd and focused on attacking SR has no personal friends, just the sort of follower you can easily acquire!" class="size-medium wp-image-28421" data-file-id="8852" src="http://i2.sarawakreport.org/2/1/7/a/c/217acaf7b3ebf3878ceab792489f2598e01dc696.jpg" height="349" width="400" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Nathan
created Oct 23rd and focused on attacking SR also has no personal
friends, just the sort of follower you can easily acquire!</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Other clients of Comina include the former Kazakh Minister of Energy;
an art dealer who is presently accused of stealing paintings from
Piccaso’s daughter and a Swiss wine producer accused by the authorities
of breaking rules.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">In a number of these cases Comina has worked together with a
well-known and expensive Geneva lawyer named Marc Henzelin and sure
enough Henzelin is also engaged alongside Comina to represent Xavier
Justo in Switzerland regarding his present incarceration in a Bangkok
jail.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">As Malaysians all know, Justo was arrested in Bangkok because he was
denounced by his former colleagues at PetroSaudi for leaking their
database and they accused him of blackmail.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_28422" style="width: 371px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="My own Twitter - Marc Comina" class="size-medium wp-image-28422" data-file-id="8853" src="http://i1.sarawakreport.org/1/9/c/0/6/19c06a45857e9d2387465d6f536414e36f219a58.jpg" height="400" width="371" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">My own Twitter – Marc Comina</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The question is how has Justo suddenly acquired the money to hire
this expensive PR and legal team in Switzerland and what are they
actually up to, supposedly on his behalf?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Sarawak Report has learnt that Comina has spoken extensively to
selected Swiss journalists about Justo – some were granted exclusive
access to fly to Thailand and visit the former PetroSaudi director, who
had expected to be freed after confessing to what he understood were
minor charges for attempted extortion – but instead received a three
year jail sentence.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">This lengthy sentence was thanks not least to the aggressive lobbying
by PetroSaudi and 1MDB, who are together trying to also discredit the
leaked material in Sarawak Report.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Comina has made clear to journalists that he and Henzelin’s current
advice to Justo is to confess to being a blackmailer and to apologise to
the Malaysian Prime Minister for the embarrassment caused by the
PetroSaudi revelations.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28423" style="width: 400px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Lawyer Marc Henzelin represents rich people in tight spots - he gave an exclusive interview to Le Temps alleging SR is linked to the opposition and could be a forger" class="size-medium wp-image-28423" data-file-id="8854" src="http://i2.sarawakreport.org/2/b/e/4/9/2be4926564048e2378dd3fd217f3ab116f53fe66.jpg" height="266" width="400" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Lawyer
Marc Henzelin represents rich people in tight spots – he gave an
exclusive interview to Le Temps alleging SR is linked to the opposition
and could be a forger</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Furthermore, Justo is being encouraged to allege that he was the
victim of a plot by Sarawak Report to entice him to provide what he is
now portraying as innocent material in the PetroSaudi database (“just
some emails”) so that we could supposedly ‘doctor’ it to give a bad
impression.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">“<i>My client has the impression he was used and manipulated” </i>Henzelin told Le Temps.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Sarawak Report’s motive, according to the new Justo narrative, was
not to expose a huge crime and a massive international story, but to
carry out an ‘opposition plot’ to “topple a democratically elected Prime
Minister”, for which they imply we were paid by ‘opposition forces’
(including Novartis?).</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Thus, according to Marc Comina’s present PR, poor Xavier Justo had no
idea what was in the material he first used to blackmail PetroSaudi and
then was trying to sell for US$2 million.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">He and Mr Henzelin have gone even further, to libellously imply that Sarawak Report is an unscrupulous forger.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">This is what Mr Henzelin told the Chief Reporter of the newspaper Le Temps, Sylvain Besson in an ‘<a href="http://www.letemps.ch/suisse/2015/08/12/client-impression-utilise-manipule">exclusive interview’</a> granted last month, during which the lawyer also takes the opportunity to promote the image of PetroSaudi:</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span>
<blockquote>
<span style="font-family: "verdana" , sans-serif;">“<b>Besson</b>: PetroSaudi is it a reputable company? Or a simple facade?</span><br />
<span style="font-family: "verdana" , sans-serif;"><b>Henzelin: </b>I am not a lawyer for PetroSaudi, but it
is common knowledge that this is a serious oil company, not an empty
shell. They have oil blocks and drill ships they operate.</span><br />
<span style="font-family: "verdana" , sans-serif;"><b>Besson: </b>Xavier Justo he knew what use the documents
he handed over would be to Malaysian opposition? These documents were
they altered before publication, as stated PetroSaudi?</span><br />
<span style="font-family: "verdana" , sans-serif;"><b>Henzelin:</b> My client has attended meetings where the
Malaysian opposition and Clare Rewcastle Brown clearly evoked the
political use they intend to make the documents they had not read. He
considers that the documents have been used unscrupulous way and that
some have been changed. But to what extent, what volume, he does not
know. What is certain is that he has the impression of having been used,
handled. In addition, he has not been paid, so he’s a little angry.
[Google Translate]</span></blockquote>
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Mr Besson never approached Sarawak Report for our comment on these
accusations, although he had our number. If he had asked, we could have
confirmed that the story about a meeting between Justo, Brown and the
Malaysian opposition is a complete lie.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">So is the claim about forgery.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">We would have added that while Mr Henzelin denies he is serving the
interests of PetroSaudi, the entire PR-managed interview with Le Temps
plainly serves that company’s interests above all others.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_28424" style="width: 397px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="'My client feels he is being manipulated' but by whom?" class="size-medium wp-image-28424" data-file-id="8855" src="http://i2.sarawakreport.org/a/c/d/e/7/acde732f8a198b7b04dbcf88ee784c347d421293.jpg" height="400" width="397" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">‘My client feels he is being manipulated’ but by whom?</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Since Justo had very limited funds by the time he was arrested and
since similar engagements with the Swiss Press by the Comina/ Henzelin
team have promoted the same line ‘on behalf of their client’, we
therefore question who is ultimately financing Comina, Henzelin and all
this PR?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">What is certain is that Justo has now reconciled with PetroSaudi and
has told visiting journalists that the man who originally denounced him
and got him jailed in Bangkok, PetroSaudi’s Director Patrick Mahony, has
now visited him behind bars and agreed to ‘help him get out’.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">What a very nice chap after all?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Meanwhile, Mr Comina has been circulating certain extra materials to
his chosen contacts journalists, which include copies of whatsap
messages between Justo and and the editor of Sarawak Report and also of
Justo’s ‘confessions’ made without a lawyer present after he was
arrested.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">We have evidence that these materials were passed to Le Temps and other selected Swiss newspapers.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<h3>
<span style="font-family: "verdana" , sans-serif;"><b>Dark materials!</b></span></h3>
<span style="font-family: "verdana" , sans-serif;">
</span>
<div class="wp-caption alignleft" id="attachment_28425" style="width: 374px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Spinning sinister interpretations on private messages " class="size-medium wp-image-28425" data-file-id="8856" src="http://i3.sarawakreport.org/f/1/6/7/4/f1674c12ee4a480becb486d59575a2f67e580b11.jpg" height="400" width="374" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Spinning sinister interpretations on private messages about a payment that was never made.</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">These whatsap messages and ‘confessions’ were also what was offered
to the PR companies in the UK who were being recruited to conduct a
dirty campaign against Sarawak Report.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">And the same materials are exactly what are now being used out of
context as the main ‘evidence’ behind the smear campaign and videos
featured on ‘The Real Clare Rewcastle’ Facebook site.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">For the record, Clare Rewcastle did not pay Justo any money; did not
receive any money from the opposition or anyone paying Justo and only
agreed in principle to try to assist Mr Justo achieve a promised third
party payment for his story, as long as process was entirely legal. In
the event no payment ever took place.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">These private messages obtained from Justo’s law case are now being
used selectively and out of context, in order to smear Sarawak Report
and distract from the real crime, which was the theft by PetroSaudi and
Jho Low of US$1.83 billion dollars.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28448" style="width: 200px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Comina's real client? PetroSaudi's Tarek Obaid was paid an US$85m 'brokerage fee' by Jho Low's Good Star according to the documents acquired from Justo." class="size-thumbnail wp-image-28448" data-file-id="8859" src="http://i0.sarawakreport.org/4/1/7/9/3/41793535e4c2d4efa1ee1217e6c740d0113495e3.jpg" height="200" width="200" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Comina’s
real client? PetroSaudi’s Tarek Obaid was paid an US$85m ‘brokerage
fee’ by Jho Low for the 1MDB deal according to the documents acquired
from Justo.</span></span></div>
</div>
<span style="font-family: "verdana" , sans-serif;">
</span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">So, who do we think is behind that?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">When we wrote to Mr Comina earlier this week and asked him if he was
linked to the anonymous and libellous Facebook and Twitter campaigns,
which are employing and distorting the very same material he also
supplied to journalists, he failed to reply.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">On the other hand, the Le Temps senior reporter who obtained that
exclusive interview with lawyer Marc Henzelin, has roundly denied to
Sarawak Report that he was aware of any PR manipulation in the genesis
of his newspapers stories about Justo.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Sylvain Besson last week told Sarawak Report in a series of messages:</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span>
<blockquote>
<span style="font-family: "verdana" , sans-serif;">“I’d be glad to know which PR firm is conducting actions
against you, so we can be aware of its actions and possible
disinformation…”</span> </blockquote>
<blockquote>
<span style="font-family: "verdana" , sans-serif;">“…. I can assure you we never heard of any PR firm disseminating
material. They didn’t give it to us, at least. So we are still
interested to know who they are, and to what extent they manipulate
Justo’s lawyer and PR man.</span></blockquote>
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">On the other hand Besson acknowledged:</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span>
<blockquote>
<span style="font-family: "verdana" , sans-serif;">“….I confirm we’ll publish a story based on the messages exchanged between you and Xavier Justo”</span></blockquote>
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">These remarks were in response to a complaint by Sarawak Report,
after one of Besson’s team, commissioned to write yet another critical
item about Sarawak Report’s involvement with Justo explained:</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span>
<blockquote>
<span style="font-family: "verdana" , sans-serif;">“my mandate is to show our readers an example of
transaction between someone who stole confidential data and people that
agreed to pay for it.</span> </blockquote>
<blockquote>
<span style="font-family: "verdana" , sans-serif;">There shall be no consideration about the situation in Malaysia, per se.</span><br />
<span style="font-family: "verdana" , sans-serif;">It is just a story about a Swiss guy who got trapped by trying to sell leaks.”</span></blockquote>
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">So who and what has determined Le Temp’s “mandate”, if a major
international financial scandal involving Swiss banks is to be thus
ignored, we asked Besson?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">And why was Mr Besson denying he had any knowledge of the hostile PR
management behind Justo and his lawyer, given that other journalists
were well aware that Marc Comina is the only way to reach the story and
obtain these Whatsap messages and “confessions’ from Justo?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">We find it particularly odd given that Besson rates Comina as his number 4 best friend on Facebook:</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: "verdana" , sans-serif;">
</span>
<div class="wp-caption aligncenter" id="attachment_28413" style="width: 750px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Facebook friends with the PR manager who sees Justo's best chances as accusing Sarawak Report for forgery and supporting PetroSaudi" class="size-large wp-image-28413" data-file-id="8845" src="http://i2.sarawakreport.org/2/d/8/c/2/2d8c22a4efd6f47bed7945a7eec5cea4f6f5df57.jpg" height="320" width="400" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Facebook
friends with the PR manager who sees Justo’s best chances </span></span></div>
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">as accusing
Sarawak Report for forgery and supporting PetroSaudi</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Sarawak Report therefore agrees that Justo is being manipulated.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">However, we suggest that the manipulators are his wealthy and
unscrupulous former colleagues, from PetroSaudi, who are trying to
escape from serious criminal charges regarding the theft of hundreds of
millions of dollars from 1MDB.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">They have paid an expensive PR operator to pull on his contacts in the Swiss media.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">After all, PetroSauid conspired to bring accusations against their whistleblower to get him jailed in Thailand.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28426" style="width: 400px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Twitter Oct 23rd Newbie loves the PM's budget but has no friends to follow him" class="size-medium wp-image-28426" data-file-id="8857" src="http://i3.sarawakreport.org/b/0/a/8/1/b0a816423b1f36dc5414d2dd6bc315f355b3c580.jpg" height="232" width="400" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Twitter Oct 23rd Newbie, Seth, loves the PM’s budget but has no friends to follow him</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">
</span></span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">They are now promising him help to get him out, so long as he agrees
to turn accuser against Sarawak Report and make ludicrous claims about
us forging and doctoring PetroSaudi documents.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">We therefore challenge PetroSaudi to stop playing in the shadows with
these hired PR hands and all this anonymous Facebook libel – they
should instead take us to a proper court.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<h3>
<span style="font-family: "verdana" , sans-serif;"><b>Singapore ‘Court Case’</b></span></h3>
<span style="font-family: "verdana" , sans-serif;">
</span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">By this we do not include the latest whispering to newspapers from
unidentified sources that Justo is to ‘bring a case’ next week against
Sarawak Report in Singapore.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Since Sarawak Report has never been notified of any such case, this
represents just more nonsense and gossip from those who dare not
challenge us openly.</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: "verdana" , sans-serif;">
</span>
<div class="wp-caption alignright" id="attachment_28444" style="width: 400px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Another Oct 23rd Tweeter in favour of the budget and accusing Novaritis of paying SR to attack PetroSaudi." class="size-medium wp-image-28444" data-file-id="8858" src="http://i3.sarawakreport.org/7/4/2/3/c/7423ce0a04c52b4c1e08d59296265db06e4535f1.jpg" height="347" width="400" /></span><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Another Oct 23rd Tweeter in favour of the budget and accusing Novaritis of paying SR to attack PetroSaudi.</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<span style="font-family: "verdana" , sans-serif;">
</span>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Justo, PetroSaudi, as well as the authorities in Thailand and
Malaysia have the originals of all the documents we obtained – if we
have doctored them it is entirely open to them to prove the matter in
the UK courts (under whose jurisdiction the joint venture deal was
done).</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Otherwise, the Swiss media should stop regurgitating Marc Comina’s
malicious PR and start to cover the real story, which is the role of
their banks in Malaysia’s Heist of the Century.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<br />
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<span style="font-family: "verdana" , sans-serif;">
</span>
<div class="col-md-2 article-right">
<span style="font-family: "verdana" , sans-serif;"><b>Sarawak Report</b></span></div>
<div class="col-md-2 article-right">
</div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-32152119857218146002015-10-13T10:06:00.000+08:002015-10-13T10:06:18.014+08:00How The Culprits Split The Loot From 1MDB<div dir="ltr" style="text-align: left;" trbidi="on">
<img alt="Raking In The Profits From Malaysia!" class="top-image" height="240" src="http://i3.sarawakreport.org/f/3/1/0/c/f310c126f461ffe6611d54b7a7e3ea13cbc2785d.jpg" width="400" />
<br />
<h1>
<a href="http://www.sarawakreport.org/2015/10/raking-in-the-profits-from-malaysia/" target="_blank"><span style="font-size: large;"><span style="font-family: Verdana,sans-serif;">Raking In The Profits From Malaysia!</span></span></a></h1>
<a href="http://www.sarawakreport.org/2015/10/raking-in-the-profits-from-malaysia/" target="_blank"><span style="font-size: large;"><span style="font-family: Verdana,sans-serif;"></span></span></a><h4 class="datestamp">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">12 Oct 2015</span></span></h4>
<h4 class="datestamp">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">Reproduced with permission </span></span></h4>
<span style="font-size: large;"><span style="font-family: Verdana,sans-serif;">
</span></span><div class="wp-caption alignright" id="attachment_28158" style="width: 200px;">
<img alt="Mahony flew to Thailand to stage Justo's arrest" class="size-thumbnail wp-image-28158" data-file-id="8761" height="200" src="http://i2.sarawakreport.org/6/c/6/a/3/6c6a3df33dfc82c91fff3dba76e04d8fda8a9fb4.jpg" width="200" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Mahony flew to Thailand to stage Justo’s arrest</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In May of this year an angry and desperate strategy was put into play
by the conspirators who had taken billions out of Malaysia’s 1MDB
development fund.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Patrick Mahony, a Director of PetroSaudi International, flew over to
Bangkok to lay accusations of blackmail against a former fellow
Director, Xavier Justo, who had moved to Thailand.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It was the first step in a carefully executed plan to try to seize
back the initiative in response to exposures based on evidence provided
by Justo, which had opened up a dangerous series of official
investigations against PetroSaudi and 1MDB.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">We will bring more of what Mahony then did to his former colleague below.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Meanwhile, Sarawak Report has obtained further evidence showing
exactly how Mr Mahony himself had benefitted to the tune of tens of
millions of dollars within days of helping his collaborator Jho Low
siphon US$700 million out of 1MDB.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">And we can show how three days after that he became the secret buyer
of a large and expensive house in one of the swankiest parts of London.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3>
<span style="font-family: Verdana,sans-serif;"><strong> </strong></span></h3>
<h3>
<span style="font-family: Verdana,sans-serif;"><strong>27 Ladbroke Square</strong></span></h3>
<span style="font-family: Verdana,sans-serif;">
</span><div class="wp-caption alignleft" id="attachment_28166" style="width: 300px;">
<img alt="No 27 - bought with 1MDB development money!" class="size-medium wp-image-28166" data-file-id="8764" height="400" src="http://i2.sarawakreport.org/6/d/a/3/6/6da36c1822dcfe0fef5207a8967c12b17746680f.jpg" width="300" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">No 27 – bought with 1MDB development money!</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">According to public records, 27 Ladbroke Square in Notting Hill Gate,
a five story house with a large back garden looking out over one of the
capital’s most sought after private gardens, was purchased for a
publicly undisclosed sum in early January 2010.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The Land Register informs us that it belongs to an anonymous company in the British Virgin Islands with a Post Box address.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In this respect it forms part of a recent and growing phenomenon.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">London has started to team with anonymous foreign property concerns,
as wealthy off-shore entities have started to buy up great chunks of the
capital for prices that have driven ordinary British buyers out of the
London market.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Malaysians may be interested to know that the biggest investors in
London in the year preceding the 2013 election were in fact Malaysians
themselves, followed by Singaporeans, who spent more than the British
themselves on property in their own capital city.</span></div>
<div style="text-align: justify;">
<br /></div>
<div class="wp-caption aligncenter" id="attachment_28165" style="width: 750px;">
<img alt="The BVI company Mika 1 is the "owner" of 27 Ladbroke Square" class="size-large wp-image-28165" data-file-id="8762" height="305" src="http://i2.sarawakreport.org/2/6/1/9/d/2619db70a5c22ba2c12c3ed11f82818cdc1b3067.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">The BVI company Mika 1 is the “owner” of 27 Ladbroke Square</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">However, thanks to Xavier Justo’s evidence from the PetroSaudi
database, Sarawak Report is able to identify the person who had bought
27 Ladbroke Square and exactly how much it cost – a whopping £6.15
million (RM39 million).</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The buyer was indeed Patrick Mahony and he had put down his offer on
the super-expensive new home with the posh agent Savills exactly three
days after receiving his cut from 1MDB’s US$700 million payment into Jho
Low’s company Good Star Limited.</span></div>
<div style="text-align: justify;">
<br /></div>
<div class="wp-caption aligncenter" id="attachment_28168" style="width: 750px;">
<img alt="29th September 1MDB pays US$700 million into Jho Low's Good Star account - 23rd October Patrick is putting down on a house... what went on inbetween?" class="size-large wp-image-28168" data-file-id="8765" height="288" src="http://i3.sarawakreport.org/b/6/f/2/8/b6f28e3408aa94d0d1591f1028dfb806fe085b89.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">29th
September 1MDB pays US$700 million into Jho Low’s Good Star account – </span></span></div>
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">23rd October Patrick is putting down on a house… what passed in between?</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In a number of communications reviewed by Sarawak Report Patrick
Mahony confirmed his beneficial interest in 27 Ladbroke Square, dealing
with lawyers (on the subject of minimising tax on the property); estate
agents (whom he needed to prove his hidden ownership to); his Swiss
bankers (of course); accountants and off-shore trust advisors and a
variety of designers and decorators whom he brought in to upgrade the
property further once he had purchased it.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">His correspondence shows that he finally acquired the property on
18th December 2009 through a complex arrangement, using a series of
off-shore trusts, plainly in order to minimise his tax liabilities on
the Malaysian millions he had acquired.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">An off-shore company in Guernsey, named Mika 2 purchased and then
sub-sold the property to a related company in BVI named Mika 1, which
became the registered owner through a trust, whilst Mahony engaged with a
string of lawyers and accountants to battle hated stamp duties and an
income tax bill, which he feared could cost him £2.48 million.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">One of these advisors warned that planned tactics to avoid disclosure
to the revenue could produce a high risk of incurring discovery and
severe legal penalties:</span></div>
<div style="text-align: justify;">
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“<strong>It seems to me that this course has a high risk of challenge …. disclosure effectively would mean risking liability…. </strong></span><br />
<span style="font-family: Verdana,sans-serif;"><strong>From my perspective, I would be concerned that were you to
do so there would be a significant risk of discovery and of greater
liability on your part and of that of the trust…. </strong><strong>I am
also conscious that GT had a liability cap of £2 million… I know the
Income Tax liability exceeds that as it is but further costs on enquiry
would compound the issue. … the advice GT [Grant Thornton London
Accountants] were providing was in relation to a SDLT [Stamp Duty Land
Tax] scheme to save some £250000 whereas their actions have given rise
to a potential liability of £2.5 million.” [Advice to Mahony from his
Jersey accountant at Rawlinson-Hunter]</strong></span></blockquote>
<br />
</div>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_28188" style="width: 640px;">
<img alt="So much tax to pay for London's prized vistas... unless you can avoid it!" class="size-full wp-image-28188" data-file-id="8776" height="266" src="http://i1.sarawakreport.org/1/a/a/c/6/1aac6f4bc778240de1ab4eb5048f9c087eae8d03.jpg" width="400" /><div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">So much unwanted tax to pay for London’s prized vistas like Ladbroke Square … </span></span></div>
<div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">unless you can avoid it!</span></span><span style="font-family: Verdana,sans-serif;"> </span></div>
<div class="wp-caption-text" style="text-align: justify;">
<br /></div>
<div class="wp-caption-text" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This was how Mahony later explained the complicated
nature of </span></div>
<div class="wp-caption-text" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">his ownership in a frank exchange with a third party agent,</span></div>
<div class="wp-caption-text" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">who needed confirmation that he was indeed the owner of the property:</span><span style="font-family: Verdana,sans-serif;"></span></div>
</div>
<span style="font-size: x-small;"></span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“the property I own on Ladbroke Square belongs to a
company, which in turn belongs to a trust. I am the beneficiary of that
trust but I am not the direct owner of the property for reasons I’m sure
you’ll be familiar with” [Patrick Mahony]</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Indeed!</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_28173" style="width: 750px;">
<img alt="So handy to distance your ownership through an off-shore trust!" class="size-large wp-image-28173" data-file-id="8770" height="180" src="http://i1.sarawakreport.org/5/3/1/e/9/531e9debae33e7f3f9fa799efafda8a26da748c0.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">So handy to distance your ownership through an off-shore trust!</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">So where did the money come from to fund Mahony’s sudden London property splash just days after the 1MDB PetroSaudi deal?</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong> </strong></span></h3>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>Money trail – how US$33m from 1MDB went to Patrick Mahony</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Sarawak Report and Malaysia’s business paper The Edge have separately
documented how on the day of the signing of the joint venture between
1MDB and PetroSaudi, the vast majority of the investment -$700 million
of Malaysia’s public money – was passed into Jho Low’s company Good Star
Limited’s Zurich account, under the guise of a ‘loan repayment’ to
PetroSaudi’s parent company.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">We have also documented how on the following day Good Star issued an
US$85 million “broker fee” to the PetroSaudi Director Tarek Obaid
through Obaid’s JP Morgan account in Zurich.</span></div>
<div style="text-align: justify;">
<br /></div>
<div class="wp-caption aligncenter" id="attachment_28169" style="width: 750px;">
<img alt=""Brokering services" " class="size-large wp-image-28169" data-file-id="8766" height="325" src="http://i3.sarawakreport.org/b/c/6/a/8/bc6a8b486653601ca37241118ebcc9aa12b11609.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">“Brokering services”</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Ironically, the “brokering service” Tarek Obaid is alleged to have
performed by Jho Low was supposedly for raising money from Saudi Arabia
to invest in Malaysia.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Yet, as everyone now knows, not one ringgit was raised from Saudi
Arabia for this scheme: the only money raised was from 1MDB and that had
gone straight out of Malaysia with not a shred of local investment –
and into the clutches of Jho Low.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The Edge Newspaper has provided a handy<a href="https://i1.wp.com/edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/money_involving_fd200715.png?zoom=2"> chart</a> to illustrate where this money went next.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It shows that the US$85 million “broker fee” arrived in Tarek’s JP
Morgan Swisse account on October 5th; then on 20th October US$33 million
(RM140 million) was transferred from the same account to Tarek’s friend
and collaborator at PetroSaudi, Patrick Mahony, who also had an account
at the same Swiss branch of this major American bank.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"> </span></div>
<div class="wp-caption aligncenter" id="attachment_28174" style="width: 750px;">
<img alt="Mahony's share of the "broker fee" - nice" class="size-large wp-image-28174" data-file-id="8771" height="282" src="http://i2.sarawakreport.org/e/5/a/a/0/e5aa00e528b531a5b9f2adb05151e41e8f22a646.jpg" width="400" /><div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Mahony’s share of the “broker fee” – nice</span></span><span style="font-family: Verdana,sans-serif;"> </span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Three days later Mahoney committed to buy the new house at 27 </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Ladbroke Square – his undoubted reward for his part in the </span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">successful
heist of Malaysia’s public money.</span></div>
</div>
<div style="text-align: justify;">
<br /></div>
<br />
<div class="wp-caption aligncenter" id="attachment_28170" style="width: 750px;">
<img alt="Follow the green line - $85 million went to Tarek then US$33 million on to Mahony" class="size-large wp-image-28170" data-file-id="8767" height="192" src="http://i3.sarawakreport.org/b/1/b/7/8/b1b7823c21b0b5fdfbcde245420c3272c3880058.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Follow the green line – $85 million went to Tarek then US$33 million on to Mahony</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Given that JP Morgan Suisse were also handling the account for the
1MDB Joint Venture, which received US$300 million in the same week,
might one have not thought eyebrows would have been raised sufficiently
to provoke an investigation?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">After all, more than a quarter of that amount was paid in brokerage
fees to two connected individuals, using accounts in their very same
bank. It is understood that Swiss and US financial regulators are indeed
investigating the matter with JP Morgan as part of on-going
investigations into 1MDB.</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: Verdana,sans-serif;">
</span><div class="wp-caption alignleft" id="attachment_28190" style="width: 225px;">
<img alt="Prince Turki subsequently achieved the lucrative post of Governor of Rhyad. However, the new King side-lined him from the post the day he took over." class="size-full wp-image-28190" data-file-id="8777" height="300" src="http://i2.sarawakreport.org/2/0/a/a/a/20aaa5ec9eaf2b9c70463be5dc0374718858530d.jpg" width="225" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Prince
Turki subsequently achieved the lucrative post of Governor of Riyadh.
However, the new King side-lined him from the post the day he took over
in January this year.</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Meanwhile, another beneficiary of the deal was Tarek Obaid’s key
partner and the actual owner of PetroSaudi, Prince Turki, who was the
7th son of the then King of Saudi Arabia. The connection had
facilitated the project to be dressed up as a state to state joint
investment venture by Jho Low, which it was not.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Turki got US$10 million for lending his name to the deal in that
initial October pay out, followed by later payments adding up to a total
of US$67 million.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Despite the image of a rich Saudi Prince, Sarawak Report has been
reliably informed that Turki, prior to this windfall, had lacked the
freedom of personal wealth and was reliant on family funds.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">He was therefore very pleased to have benefitted from Malaysia’s
development money with so much independent spending income and we have
learnt that there was much subsequent partying at Las Vegas for all the
young men concerned.</span></div>
<div style="text-align: justify;">
<br /></div>
<div class="wp-caption aligncenter" id="attachment_28172" style="width: 675px;">
<img alt="Crooks line up - Tarek and Prince Turki and Jho Low line up with the Minister of Finance and his family on a yacht hired to impress as the joint venture plan is hatched" class="size-full wp-image-28172" data-file-id="8769" height="266" src="http://i3.sarawakreport.org/3/8/f/2/a/38f2a7967dde28078bcc8182cd0d86208087fe34.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Crooks
line up – Tarek (2nd right), Prince Turki (2nd left) and Jho Low line
up with the Minister of Finance and his family as the joint venture plan
is hatched in July 2009</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong> </strong></span></h3>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>Mahony’s revenge</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The complex nature of Patrick Mahony’s off-shore house purchase is
meanwhile made plain through the 1MDB money trail by the transfers that
floated between the various companies designed to distance Mr Mahony
from the property and the tax man.</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: Verdana,sans-serif;">
</span><div class="wp-caption alignright" id="attachment_28175" style="width: 400px;">
<img alt="Circular ownership to dodge the tax issue!" class="size-medium wp-image-28175" data-file-id="8772" height="391" src="http://i1.sarawakreport.org/1/e/2/1/5/1e2158b5fc94d4afa0c2e6238b2194a6d05434ba.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Circular ownership to dodge the tax issue!</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This is how ordinary home-owners get tax clobbered, whilst those who
have got rich by stealing the money of poor countries are able to lord
it up in London and pretend they don’t officially own the properties
they do.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Patrick Mahony is a UK citizen and yet he poses as an off-shore,
non-domicile concern when it comes to declaring the house he owns.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">No wonder he was fuming at Xavier Justo for spilling the beans about
the PetroSaudi deal and the delicate situation regarding his fancy new
house!</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It is not hard to imagine how he was ready for revenge as he stormed
out to Bangkok (naturally first class) to nail Justo and ‘discredit’ the
evidence provided by Sarawak Report, The Edge and the Sunday Times
about the crime that had benefitted him so royally.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">After all, he too had been caught <a href="http://www.sarawakreport.org/2014/12/lindsay-lohan-the-latest-hollywood-link-to-1mdb/">acting unwisely on the party circuit </a>as he celebrated on his ill-gotten gains.</span></div>
<div style="text-align: justify;">
<br /></div>
<div class="wp-caption aligncenter" id="attachment_28191" style="width: 657px;">
<img alt="Given Jho Low a run for his money over Paris Hilton? - Mahony was reported to be shacking up with 'Hollywood wildchild' Lindsay Lohan by gossip columns last year" class="size-full wp-image-28191" data-file-id="8778" height="273" src="http://i2.sarawakreport.org/6/a/3/f/0/6a3f0959cb4407e2ce04e7a8489f405eefc6e7be.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Given
Jho Low a run for his money over Paris Hilton? – Mahony was reported to
be shacking up with ‘Hollywood wildchild’ Lindsay Lohan by gossip
columns last year</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><h3>
<span style="font-family: Verdana,sans-serif;"><strong> </strong></span></h3>
<h3>
<span style="font-family: Verdana,sans-serif;"><strong>Criminalising Justo – PetroSaudi’s plan for getting off the hook</strong></span></h3>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">When Mahony got to Bangkok he reported to the police that Justo had
taken company documents and demanded money in return for not publishing
the contents.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">He was able to provide three year old emails containing threats of
exposure by Justo, who claimed he had not been paid the full severance
he had been promised (by then Justo would have learnt just how much
fellow directors Mahony and Tarek as well as Prince Turki had all
received from Malaysia’s money).</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Mahony also told police that there had been a further meeting in a
Bangkok hotel last October, during which he alleged Justo had repeated
blackmail threats and demands. Sources close to Justo’s family have
said these elaborations were not true, because Justo did not leave his
home in Kho Samui that month.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_28192" style="width: 400px;">
<img alt="Staged arrest as Justo is presented to UMNO's photographers" class="size-medium wp-image-28192" data-file-id="8779" height="300" src="http://i3.sarawakreport.org/3/c/e/1/f/3ce1f010b2ae4837e05ce80d1097a3cd3613b1ba.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Staged arrest as Justo is presented to UMNO’s photographers</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">However, Mahony was clearly bent on bringing a case and he evidently
possessed unusual clout and influence in Thailand over this distant spat
between foreigners regarding a foreign company.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This was, of course, thanks to the powerful and vocal support of
Thailand’s bordering neighbour, the Prime Minister of Malaysia, who has
also betrayed a strong desire to criminalise Justo and suppress the
evidence over 1MDB.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">From the moment of Justo’s arrest, therefore, the next stage in this desperate strategy immediately came into play.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Reporters and photographers from UMNO controlled New Straits Times
had been flown into Bangkok to record the event and then informed the
Malaysian public that because of Justo’s arrest none of the documents
retrieved from PetroSaudi could be considered trustworthy.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">After over three months of total silence and zero rebuttal, this move
against Justo signalled the first attempt to try to deny the truth of
the allegations over 1MDB.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Why Patrick Mahony had not simply immediately sued Sarawak Report and
printed the genuine documents, instead of adopting this complex
strategy, can perhaps be surmised.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Instead, the coordinated if belated PR plan went full steam ahead
through June; first to criminalise Justo, then discredit his evidence by
virtue of a controlled media within Malaysia.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In this way PetroSaudi and 1MDB plainly hoped to change the climate
of local opinion and start to counter-attack politically, without the
danger of bringing matters to court.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">And there was a further plank to the strategy, which has involved a number of expensive western companies for hire.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28193" style="width: 400px;">
<img alt="Bryan Lord - Another paid operator of Patrick Mahony's is treated as an independent voice by 1MDB!" class="size-medium wp-image-28193" data-file-id="8780" height="286" src="http://i3.sarawakreport.org/b/1/e/e/f/b1eefa8d8ca94c6219b07b96872038730462871a.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">PGI’s Bryan Lord – Another paid operator of Patrick Mahony’s is treated as an independent voice by 1MDB!</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Mahony had brought with him to Bangkok a team of so-called ‘cyber
experts’ from a UK surveillance company called PGI (Protection Group
International).</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">These paid up British operatives were on hand to brief the UMNO
newspaper journalists who had been flown over to cover the story of
Justo’s arrest and they made unsubstantiated claims that there was
evidence of potential ‘tampering’ by Sarawak Report of the documents.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">We <a href="http://www.sarawakreport.org/2015/06/spot-the-difference-we-prove-how-the-allegations-of-tampering-are-lies/">debunked</a> those claims.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">However the accusations were trumpeted as if they were independent
analysis by Malaysian government ministers and, of course, 1MDB, whose
CEO Arul Kanda was still <a href="http://www.sarawakreport.org/2015/10/arul-spins-a-changing-story-as-we-publish-more-documents-he-cant-deny/">relying on the slur</a> last week, without providing the slightest evidence.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3>
<span style="font-family: Verdana,sans-serif;"><strong> </strong></span></h3>
<h3>
<span style="font-family: Verdana,sans-serif;"><strong>Scotland Yard Detectives!</strong></span></h3>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Sarawak Report has also gained powerful evidence that the carefully
coordinated and executed plan against Justo contained another
extraordinary element.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">People close to Justo told this blog during the very first days of
the Swiss national’s detention in Bangkok that he had been visited in
his prison cell by two men introduced to him as ‘<a href="http://www.sarawakreport.org/2015/09/did-petrosaudis-special-ops-pose-as-scotland-yard-detectives-to-trick-justo/">Scotland Yard detectives</a>‘.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_28194" style="width: 248px;">
<img alt="Plain clothes UK officers allegedly visited Justo in jail!" class="size-full wp-image-28194" data-file-id="8781" height="184" src="http://i0.sarawakreport.org/4/0/9/0/2/40902d6715c47059b43da8a6516d05e78b8e6b30.jpg" width="248" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Plain clothes UK officers allegedly visited Justo in jail!</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Friends and family of Justo were told that these British ‘officials’
had offered to help him turn “Queen’s Evidence” against PetroSaudi, so
long as he provided them with the all information he had and was willing
to make a “small confession” about his angry emails to Patrick Mahony.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The UK team could not get him off completely, Justo’s family were
told, but the confession would secure a minimal punishment, just a few
days more in the jail.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It turned out to be a trap, of course.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">There were no British detectives in Bangkok, only Patrick Mahony and
his hired team from PGI. Once Justo had directed investigators to his
hidden files and had made a confession without lawyers present, he fell
increasingly into the clutches of the very people who had denounced him.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Several more ‘confessions’ were soon extracted (all without a lawyer)
from Justo over the coming days, based on the material now in the hands
of the Thai police.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Justo was told, according to people close to his family, that at
least with this cooperation – his confessions and some all important
allegations against those he had passed the material to – he would soon
be out of jail.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In the event, he was shocked to receive a three year sentence from
the court, based on his own confessions made without a lawyer on the
advice of his detective friends.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_28195" style="width: 400px;">
<img alt="Tarek Obaid - Mahony's key collaborator with Jho Low on the 1MDB PetroSaudi heist" class="size-medium wp-image-28195" data-file-id="8782" height="227" src="http://i3.sarawakreport.org/7/1/6/9/7/71697d9e45f0549360e0933ebeee3ef656f6cc9f.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Tarek Obaid – Mahony’s key collaborator with Jho Low on the 1MDB PetroSaudi heist – broker fee US$85 million</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Sarawak Report has learnt that Patrick Mahony then visited Justo in
jail and staged a ‘reunion between old friends’ with the man he had thus
outwitted.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Justo was left with just one option, now he was convicted and behind
bars, he was told, which was to accept PetroSaudi’s help and to work
with them to get a successful appeal.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The prisoner, who had been running out of money in the months before
his arrest, has now obtained the services of a highly expensive legal
team in Switzerland and Thailand and has also a western public relations
company, which is managing the publicity around the case.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">That publicity has been focused on allowing selected media limited
interviews with Justo, during which the Swiss former Director of
PetroSaudi has taken to suggesting that Sarawak Report ‘might have
tampered’ with his documents and that he had never intended to be ‘part
of a conspiracy to topple a democratically elected Malaysian Prime
Minister’, etc etc.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Sadly, Justo looks unlikely to receive freedom soon through such
cooperation. PetroSaudi and the Malaysian Government can hardly risk the
release of this key witness, unless they are convinced he will accept
their price for silence.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Like Sirul and others who have taken the fall for incidents close to
the Prime Minister of Malaysia, he is far safer for them locked up in
jail.</span></div>
<br />
<b><span style="font-family: Verdana,sans-serif;">Sarawak Report</span></b><br />
<span style="font-family: Verdana,sans-serif;"> </span></div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-22601346213373517742015-10-12T02:32:00.002+08:002016-01-21T16:18:08.702+08:001MDB Caught In Its Own Web Of LIES<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://medium.com/@sarawakreport/arul-spins-a-changing-story-as-we-publish-more-documents-he-can-t-deny-b7594ff52f4f" target="_blank"><b><span style="font-family: "verdana" , sans-serif;">Arul Spins A Changing Story As We Publish More Documents He Can’t Deny!</span></b></a></div>
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</header><section class=" section--body section--first" name="5095"><div class="section-content">
<div class="section-inner layoutSingleColumn">
<br />
<br />
<figure class="graf--figure graf-after--h3" id="b24d" name="b24d"></figure></div>
</div>
</section><figure class="graf--figure graf-after--h3" id="b24d" name="b24d"><div class="aspectRatioPlaceholder is-locked" style="max-height: 320px; max-width: 521px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="320" data-image-id="0*xGBeznEYxLZ0jbDy.jpg" data-scroll="native" data-width="521">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*xGBeznEYxLZ0jbDy.jpg" height="245" src="https://cdn-images-1.medium.com/max/800/0*xGBeznEYxLZ0jbDy.jpg" width="400" /></div>
</div>
</figure><br />
<div class="graf--p graf-after--figure" id="d673" name="d673">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Sarawak Report awaits 1MDB Arul Kanda’s suit for libel over our allegedly ‘unsubstantiated’ reports.</span></span></div>
<div class="graf--p graf-after--p" id="4d4e" name="4d4e">
<br /></div>
<div class="graf--p graf-after--p" id="4d4e" name="4d4e" style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: "verdana" , sans-serif;">In his latest <a class="markup--anchor markup--p-anchor" data-href="http://www.1mdb.com.my/press-release/1mdbs-reply-to-sarawak-report-allegations" href="http://www.1mdb.com.my/press-release/1mdbs-reply-to-sarawak-report-allegations" rel="nofollow">press release</a>
he claims that our PetroSaudi evidence is ‘unfounded’ and ‘possibly
doctored’, while admitting that our copies of 1MDB Board minutes were
accurate.</span></span></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="2a75" name="2a75"></figure><figure class="graf--figure graf-after--p" id="2a75" name="2a75"><div class="aspectRatioPlaceholder is-locked" style="max-height: 203px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*yyWX0dHWmZOJXwcg.jpg" data-action="zoom" data-height="218" data-image-id="0*yyWX0dHWmZOJXwcg.jpg" data-scroll="native" data-width="750">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*yyWX0dHWmZOJXwcg.jpg" height="116" src="https://cdn-images-1.medium.com/max/800/0*yyWX0dHWmZOJXwcg.jpg" width="400" /></div>
</div>
</figure><br />
<div class="graf--p graf-after--figure" id="3e5a" name="3e5a">
<span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Forced to admit to the 1MDB minutes, but still claiming our PetroSaudi documents are ‘unfounded’ and possibly doctored?!</span></span></div>
<div class="graf--p graf-after--figure" id="3e5a" name="3e5a">
<br /></div>
<div class="graf--p graf-after--p" id="8c1a" name="8c1a" style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: "verdana" , sans-serif;">If
any of the documents which we have produced about the joint venture
deal between 1MDB and PetroSaudi are “possibly doctored” as he ventures
to suggest, it would, of course, be the easiest thing in the world for
Mr Kanda to produce the evidence from his own records and explain the
truth to a UK court.</span></span></div>
<div class="graf--p graf-after--p" id="8c1a" name="8c1a" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="b057" name="b057" style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: "verdana" , sans-serif;">Likewise,
if our allegations were “unfounded”, why has the only remaining
institution in Malaysia that retains a shred of credibility in the eyes
of the world, Bank Negara Malaysia, backed our findings down to the very
last dollar?</span></span></div>
<div class="graf--p graf-after--p" id="b057" name="b057" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="0d0c" name="0d0c" style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: "verdana" , sans-serif;">We
have detailed how US$1 billion + US$500 million + US$330 million (=
US$1.83 billion) were channelled from 1MDB into a fraudulent deal with
PetroSaudi, where most of the money was diverted into the Zurich account
of the company Good Star Limited belonging to its official ‘Advisor’
Jho Low.</span></span></div>
<div class="graf--p graf-after--p" id="0d0c" name="0d0c" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="2ab9" name="2ab9" style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: "verdana" , sans-serif;">See
for the first time the document (which Mr Kanda is welcome to dispute)
that proves the official nature of Jho Low’s role at the Terengganu/1MDB Development Fund, which he has so emphatically denied for so long:</span></span></div>
<div class="graf--p graf-after--p" id="2ab9" name="2ab9" style="text-align: justify;">
<br /></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="ae66" name="ae66"></figure><figure class="graf--figure graf-after--p" id="ae66" name="ae66"><div class="aspectRatioPlaceholder is-locked" style="max-height: 742px; max-width: 692px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="742" data-image-id="0*yd9alnXSwPa2SpOI.jpg" data-scroll="native" data-width="692">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*yd9alnXSwPa2SpOI.jpg" height="400" src="https://cdn-images-1.medium.com/max/800/0*yd9alnXSwPa2SpOI.jpg" width="373" /></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Jho Low was formally appointed as an Advisor while the 1MDB PetroSaudi deal was being negotiated</span></span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="cda7" name="cda7" style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: "verdana" , sans-serif;">The
Terengganu Investment Authority changed its name to 1MDB half way
through the Petro-Saudi deal on September 18th 2009, which Jho Low
managed from beginning to end, despite his repeated claims that he had
nothing to do with 1MDB after May 2009.</span></span></div>
<div class="graf--p graf-after--figure" id="cda7" name="cda7" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="a415" name="a415" style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: "verdana" , sans-serif;">PetroSaudi’s lawyer from White & Case noted the date in an email (which Mr Kanda is welcome to dispute)</span></span></div>
<div class="graf--p graf-after--p" id="a415" name="a415" style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br />
<br />
<figure class="graf--figure graf-after--p" id="b26d" name="b26d"></figure></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="b26d" name="b26d"><div class="aspectRatioPlaceholder is-locked" style="max-height: 347px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*PlfUxtoFlOq-9XPe.jpg" data-action="zoom" data-height="372" data-image-id="0*PlfUxtoFlOq-9XPe.jpg" data-scroll="native" data-width="750">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*PlfUxtoFlOq-9XPe.jpg" height="198" src="https://cdn-images-1.medium.com/max/800/0*PlfUxtoFlOq-9XPe.jpg" width="400" /></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Despite his denials Jho Low was an official advisor during the period of the deal</span></span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="3afc" name="3afc" style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: "verdana" , sans-serif;">Last
week, of course, Bank Negara confirmed our findings on the purloined
US$1.83 billion by demanding this exact sum of money back and baldly
stating that it had recommended <a class="markup--anchor markup--p-anchor" data-href="http://www.bnm.gov.my/index.php?ch=en_press&pg=en_press_all&ac=3276&lang=en" href="http://www.bnm.gov.my/index.php?ch=en_press&pg=en_press_all&ac=3276&lang=en" rel="nofollow"><b class="markup--strong markup--p-strong">criminal proceedings against 1MDB</b></a><b class="markup--strong markup--p-strong"> </b>for allowing the PetroSaudi scam to proceed:</span></span></div>
<div style="text-align: justify;">
<blockquote class="graf--blockquote graf--startsWithDoubleQuote graf-after--p" id="035c" name="035c">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--blockquote-em">“The
Bank concluded that permissions required under the ECA [Exchange
Control Act] for 1MDB’s investments abroad were obtained based on
inaccurate or without complete disclosure of material information
relevant to the Bank’s assessment of 1MDB’s applications.</i></span></blockquote>
<blockquote class="graf--blockquote graf-after--blockquote" id="ad0b" name="ad0b">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--blockquote-em">Therefore, the Bank has revoked three permissions granted to 1MDB under the ECA for investments abroad </i><b class="markup--strong markup--blockquote-strong"><i class="markup--em markup--blockquote-em">totalling USD1.83 billion</i></b><i class="markup--em markup--blockquote-em">
and also issued a direction under the Financial Services Act 2013 to
1MDB to repatriate the amount of USD1.83 billion to Malaysia and submit a
plan to the Bank for this purpose”.[Bank Negara Statement]</i></span></blockquote>
</div>
<div class="graf--p graf-after--blockquote" id="280d" name="280d" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Despite
this plain speaking by Bank Negara, Arul Kanda still attempts to say
that our allegations are “unfounded” and that our evidence is “possibly
doctored” — whilst not suing us.</span></div>
<div class="graf--p graf-after--blockquote" id="280d" name="280d" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="c4a4" name="c4a4" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">He
also refers to one our several cross-referenced sources as a “convicted
criminal”, whilst conveniently neglecting to mention that this Swiss
national, Xavier Justo, was a former senior director of 1MDB’s own joint
venture partner PetroSaudi and that he was convicted (in Thailand) for
attempting to blackmail his fellow PetroSaudi directors, using evidence
about their role in the 1MDB billion dollar scam.</span></div>
<div class="graf--p graf-after--p" id="c4a4" name="c4a4" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="bf8d" name="bf8d" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Mr
Arul Kanda is welcome to sue Sarawak Report on the basis that Justo was
convicted of blackmail using a trove of fictitious evidence that just
happens to tie up with a mass of other proven information from numerous
other sources.</span></div>
<div class="graf--p graf-after--p" id="bf8d" name="bf8d" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="6917" name="6917" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Meanwhile,
we are are happy to concur with the opposition MP Tony Pua that Kanda,
through his string of conflicting statements and changing stories, has
proved himself to be a serial, if highly unconvincing, liar.</span></div>
<h3 class="graf--h3 graf-after--p" id="0477" name="0477" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"> </span></h3>
<h3 class="graf--h3 graf-after--p" id="0477" name="0477" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">How 1MDB Cheated Bank Negara</span></h3>
<div class="graf--p graf-after--h3" id="5078" name="5078" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Through
PetroSaudi’s own emails Sarawak Report has obtained the Letter of
Permission from Bank Negara to 1MDB’s initial request to export a
billion dollars into the alleged joint venture in September 2009.</span></div>
<div class="graf--p graf-after--h3" id="5078" name="5078" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="4daa" name="4daa" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">PetroSaudi,
1MDB and Bank Negara are welcome to contest the authenticity of this
and other documents, which we are now releasing.</span></div>
<div class="graf--p graf-after--p" id="4daa" name="4daa" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="117a" name="117a" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Meanwhile,
we suggest that this letter shows exactly why the bank is now saying
that it was seriously and deliberately mislead by 1MDB and why it is
demanding the money back and wants to issue criminal proceedings.</span></div>
<div class="graf--p graf-after--p" id="117a" name="117a" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="d817" name="d817" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The letter was originally written in Malay, then PetroSaudi received a certified English translation.</span></div>
<div class="graf--p graf-after--p" id="d817" name="d817" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="e113" name="e113" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">If
our reproduction here has been “tampered” or “doctored” in any way,
then of course anyone from the Bank Negara, 1MDB or PetroSaudi itself
will be very well-placed to sue Sarawak Report for misrepresentation and
publish the correct version in the meantime:</span></div>
<div class="graf--p graf-after--p" id="e113" name="e113" style="text-align: justify;">
<br /></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="a862" name="a862"></figure><figure class="graf--figure graf-after--p" id="a862" name="a862"><div class="aspectRatioPlaceholder is-locked" style="max-height: 674px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*R2kSpbCddfJE2rIY.jpg" data-action="zoom" data-height="722" data-image-id="0*R2kSpbCddfJE2rIY.jpg" data-scroll="native" data-width="750">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*R2kSpbCddfJE2rIY.jpg" height="385" src="https://cdn-images-1.medium.com/max/800/0*R2kSpbCddfJE2rIY.jpg" width="400" /></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Original letter of approval in Malay</span></span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="5903" name="5903" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">[For the full Malay and English versions of the BNM letter see the base of this story].</span></div>
<div class="graf--p graf-after--p" id="f6a8" name="f6a8" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="f6a8" name="f6a8" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">This
letter of authorisation, which was sent by the Director of the Foreign
Exchange Administration Department to 1MDB’s then Executive Director, Mr
Tang Keng Chee, grants permission for the payment of the initial US$1
billion on the basis that amongst other provisions:</span></div>
<div style="text-align: justify;">
<blockquote class="graf--blockquote graf--startsWithDoubleQuote graf-after--p" id="faed" name="faed">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--blockquote-em">“PetroJV
will utilize the equity funds totaling USD 2.5 billion from its
shareholders to fund the investment in the energy, agriculture, real
estate and tourism sectors in Malaysia and overseas;</i></span></blockquote>
<blockquote class="graf--blockquote graf-after--blockquote" id="e34d" name="e34d">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--blockquote-em">The
said funds in the sum of USD 2.5 billion will be placed in PetroJV’s
account with Banca della Svizzera Italiana SA, Geneva pending
investments in future projects;</i></span></blockquote>
</div>
<div class="graf--p graf-after--blockquote" id="eeee" name="eeee" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">In
other words, the letter makes plain that BMN was of the clear
understanding that 1MDB was providing 40% of a cash injection into a
joint fund, which would be combined with a US$1.5 billion <b class="markup--strong markup--p-strong">cash investment</b> by PetroSaudi, designed to fund a variety of projects, including investments in Malaysia.</span></div>
<div class="graf--p graf-after--blockquote" id="eeee" name="eeee" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="aa28" name="aa28" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">That understanding reflected 1MDB’s own press releases of the time (since noticeably removed from its site):</span></div>
<div class="graf--p graf-after--p" id="aa28" name="aa28" style="text-align: justify;">
<br /></div>
<br />
<br />
<figure class="graf--figure graf--startsWithDoubleQuote graf-after--p" id="ea7a" name="ea7a"></figure><figure class="graf--figure graf--startsWithDoubleQuote graf-after--p" id="ea7a" name="ea7a"><div class="aspectRatioPlaceholder is-locked" style="max-height: 659px; max-width: 649px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="659" data-image-id="0*NDoxRWji_9wH2tLW.jpg" data-scroll="native" data-width="649">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*NDoxRWji_9wH2tLW.jpg" height="400" src="https://cdn-images-1.medium.com/max/800/0*NDoxRWji_9wH2tLW.jpg" width="393" /></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">“PetroSaudi will contribute $1.5 billion”</span></span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="9700" name="9700" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">As
is now known, PetroSaudi in the event contributed no cash to the deal
and the majority of the billion dollars injected by 1MDB was not paid
into the joint venture account, but into Jho Low’s own company Good
Star’s account at RBS Coutts in Zurich. Bank Negara Malaysia was
therefore misled, just like the public.</span></div>
<div class="graf--p graf-after--figure" id="9700" name="9700" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="73ef" name="73ef" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Investigation
documents produced by Bank Negara (below) show that repeated later
queries about how the money was being invested were ignored and put off
by 1MDB, which instead went on to borrow a further US$500 million and
US$330 million on similar false pretences, which likewise disappeared
mainly into Jho Low’s account at Good Star.</span></div>
<div class="graf--p graf-after--p" id="73ef" name="73ef" style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br />
<br />
<figure class="graf--figure graf-after--p" id="b767" name="b767"></figure></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="b767" name="b767"><div class="aspectRatioPlaceholder is-locked" style="max-height: 220px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*B_QAnYopqAGNk9J7.jpg" data-action="zoom" data-height="236" data-image-id="0*B_QAnYopqAGNk9J7.jpg" data-scroll="native" data-width="750">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*B_QAnYopqAGNk9J7.jpg" height="125" src="https://cdn-images-1.medium.com/max/800/0*B_QAnYopqAGNk9J7.jpg" width="400" /></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">BNM
investigation summary shows how US$500 million was supposed to be
invested in a French energy company — Instead it was used to buy out UBG</span></span></figcaption><figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;"> </span></span></figcaption></figure><figure class="graf--figure graf-after--figure" id="4d1d" name="4d1d"></figure><figure class="graf--figure graf-after--figure" id="4d1d" name="4d1d"><div class="aspectRatioPlaceholder is-locked" style="max-height: 226px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*7HsDmyGf-hQisP_Z.jpg" data-action="zoom" data-height="242" data-image-id="0*7HsDmyGf-hQisP_Z.jpg" data-scroll="native" data-width="750">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*7HsDmyGf-hQisP_Z.jpg" height="129" src="https://cdn-images-1.medium.com/max/800/0*7HsDmyGf-hQisP_Z.jpg" width="400" /></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">The entire US$330 million meant to “promote foreign direct investment into Malaysia” went to Jho Low’s Good Star account</span></span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="c945" name="c945" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Bank
Negara’s investigation shows when it tried to follow up on the payments
they were given the brush-off by 1MDB or faced extraordinary delays and
partial responses.</span></div>
<div class="graf--p graf-after--figure" id="c945" name="c945" style="text-align: justify;">
<br /></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="cb24" name="cb24"><div class="aspectRatioPlaceholder is-locked" style="max-height: 72px; max-width: 700px;">
<img class="graf-image" data-action-value="0*ofanyJvmH6G5KGuI.jpg" data-action="zoom" data-height="77" data-image-id="0*ofanyJvmH6G5KGuI.jpg" data-width="747" height="41" src="https://cdn-images-1.medium.com/max/800/0*ofanyJvmH6G5KGuI.jpg" width="400" /></div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">No response to requests for information — proposed projects did not eventuate — money missing….</span></span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="97ae" name="97ae" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--figure" id="97ae" name="97ae" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">It
is plainly for this reason that BMN wants all the 1MDB PetroSaudi money
returned and has requested for criminal proceedings to be opened. The
previous Attorney General Gani Patail had started drawing up charge
sheets for prosecutions related to 1MDB.</span></div>
<div class="graf--p graf-after--figure" id="97ae" name="97ae" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="3a6c" name="3a6c" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">However, as Malaysia knows, Najib responded with an executive coup — he replaced the <a class="markup--anchor markup--p-anchor" data-href="http://www.straitstimes.com/asia/se-asia/malaysias-special-branch-chief-replaced-police" href="http://www.straitstimes.com/asia/se-asia/malaysias-special-branch-chief-replaced-police" rel="nofollow">Head of Special Branch,</a>
who then sent a team of officers to apprehend Gani Patail as he arrived
at his office on Monday 27th July. Patail was informed that he was to
retire immediately on ‘health grounds’ without entering his office to
collect his things.</span></div>
<div class="graf--p graf-after--p" id="3a6c" name="3a6c" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="7d84" name="7d84" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">It
is unconstitutional for the Prime Minister to fire an Attorney General
and it is unconstitutional for him to personally hand-pick a successor.</span></div>
<div class="graf--p graf-after--p" id="7d84" name="7d84" style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br />
<br />
<figure class="graf--figure graf--layoutOutsetLeft graf-after--p" id="f57c" name="f57c"></figure></div>
<br />
<br />
<figure class="graf--figure graf--layoutOutsetLeft graf-after--p" id="f57c" name="f57c"><div class="aspectRatioPlaceholder is-locked" style="max-height: 300px; max-width: 400px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="300" data-image-id="0*Hk3n9U-gg12b3RmP.jpg" data-scroll="native" data-width="400">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/600/0*Hk3n9U-gg12b3RmP.jpg" height="300" src="https://cdn-images-1.medium.com/max/600/0*Hk3n9U-gg12b3RmP.jpg" width="400" /></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Ed Morse, banker and commodities pundit</span></span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="b52e" name="b52e" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">However,
this is exactly what Najib has done and new his hand-picked AG, Apandi
Ali, is now refusing to act upon Bank Negara’s recommendation to
prosecute 1MDB.</span></div>
<div class="graf--p graf-after--figure" id="b52e" name="b52e" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="7b96" name="7b96" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">So,
when Arul Kanda continues to issue sanctimonious press releases saying
all is well with 1MDB and that Sarawak Report is ‘doctoring’ documents.
Is he relying on the facts or just the strong arm tactics of his boss?</span></div>
<h3 class="graf--h3 graf-after--p" id="fb12" name="fb12">
<span style="font-family: "verdana" , sans-serif;"> </span></h3>
<h3 class="graf--h3 graf-after--p" id="fb12" name="fb12">
<span style="font-family: "verdana" , sans-serif;">Fraudulent valuation of PetroSaudi</span></h3>
<div class="graf--p graf-after--h3" id="ed92" name="ed92" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">A
key element of the criminal case against 1MDB is the astonishing and
wilfully negligent failure of the board and directors of this public
company to obtain an independent valuation of its proposed joint venture
partner PetroSaudi, introduced by the PM’s appointed ‘advisor’ Jho Low.</span></div>
<div class="graf--p graf-after--h3" id="ed92" name="ed92" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="2323" name="2323" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Instead
of placing cash as advertised to BNM and the public into the so-called
joint venture, it emerged during the course of the two week lightening
negotiation period that PetroSaudi was merely injecting ‘assets’ in the
form of a subsidiary company (PetroSaudi International (Cayman) that
allegedly owned valuable oil concessions in Turkemenistan.</span></div>
<div class="graf--p graf-after--p" id="2323" name="2323" style="text-align: justify;">
<br /></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="8e29" name="8e29"></figure><figure class="graf--figure graf-after--p" id="8e29" name="8e29"><div class="aspectRatioPlaceholder is-locked" style="max-height: 382px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*L5HBN-8Yu9xsxVYF.jpg" data-action="zoom" data-height="409" data-image-id="0*L5HBN-8Yu9xsxVYF.jpg" data-scroll="native" data-width="750">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*L5HBN-8Yu9xsxVYF.jpg" height="218" src="https://cdn-images-1.medium.com/max/800/0*L5HBN-8Yu9xsxVYF.jpg" width="400" /></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Handy
visual created by UK lawyers White & Case — the ‘injection’ came
with $1.5 bn in shares and a supposed $700 m ‘shareholder loan’</span></span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="7d9f" name="7d9f" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">However,
PetroSaudi did not own the Turkmenistan oil field, it belonged to a
Canadian company called Buried Hill instead. Furthermore, the concession
was valueless to the extent that it is located in a disputed region of
the Caspian Sea, making it currently impossible to legalise the
ownership.</span></div>
<div class="graf--p graf-after--figure" id="7d9f" name="7d9f" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="ef40" name="ef40" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">That
didn’t stop PetroSaudi claiming the ownership and issuing a fictitious
$700 million ‘shareholder loan’ as part of the supposed asset transfer
to the joint venture company, which two days later it would demand back
in hard cash!</span></div>
<div class="graf--p graf-after--p" id="ef40" name="ef40" style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br />
<br />
<figure class="graf--figure graf-after--p" id="21c5" name="21c5"></figure></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="21c5" name="21c5"><div class="aspectRatioPlaceholder is-locked" style="max-height: 259px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*fzm2WNBebA5gkM36.jpg" data-action="zoom" data-height="277" data-image-id="0*fzm2WNBebA5gkM36.jpg" data-scroll="native" data-width="749">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*fzm2WNBebA5gkM36.jpg" height="147" src="https://cdn-images-1.medium.com/max/800/0*fzm2WNBebA5gkM36.jpg" width="400" /></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">PSI
Director Patrick Mahony advises his colleague — instead of saying we
are negotiating an interest in the oil field, let’s say we own it!!</span></span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="b930" name="b930" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">To
supposedly cover its obligations during the checking period on the deal
(conducted at lightening speed) the 1MDB Board, directed by Shahrol
Halmi, agreed to accept a valuation of this PetroSaudi International
(Cayman) subsidiary from an American banker, who was recommended by none
other than PetroSaudi Director Patrick Mahony himself, a banker called
Ed Morse.</span></div>
<div class="graf--p graf-after--figure" id="b930" name="b930" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="2798" name="2798" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Morse
was a prominent former politician and is currently Commodities Head of
Citigroup, but in 2009 he was out of work, having lost his job with
Lehman Brothers. He was also a close contact of Patrick Mahony and Tarek
Obaid and the men were in regular touch before and after the 1MDB deal.</span></div>
<div class="graf--p graf-after--p" id="2798" name="2798" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="5286" name="5286" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">It
was Mahony who hired Morse to value PetroSaudi International
(Cayman) — he then passed it on to Shahrol Halmi as if it were an
independent valuation!</span></div>
<div class="graf--p graf-after--p" id="5286" name="5286" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="2d0f" name="2d0f" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The
fact that this was only a window dressing exercise to please the
auditors is further made clear by the fact that the Malaysian end of
this dodgy deal only received Ed Morse’s document the day AFTER the deal
had already been signed on 29th September 2009.</span></div>
<div class="graf--p graf-after--p" id="2d0f" name="2d0f" style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br />
<br />
<figure class="graf--figure graf-after--p" id="57b2" name="57b2"></figure></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="57b2" name="57b2"><div class="aspectRatioPlaceholder is-locked" style="max-height: 302px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*BYREoHKhtCje4QV6.jpg" data-action="zoom" data-height="324" data-image-id="0*BYREoHKhtCje4QV6.jpg" data-scroll="native" data-width="750">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*BYREoHKhtCje4QV6.jpg" height="172" src="https://cdn-images-1.medium.com/max/800/0*BYREoHKhtCje4QV6.jpg" width="400" /></div>
</div>
<div style="text-align: justify;">
<br />
<br />
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Shahrol Halmi still waiting for the valuation report on the day the deal was signed</span></span></figcaption></div>
</figure><br />
<div class="graf--p graf-after--figure" id="a3aa" name="a3aa" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Further correspondence shows that Morse derived all of his information for his “independent report” from a <a class="markup--anchor markup--p-anchor" data-href="http://documents.sarawakreport.org/PSI_asset%20overview_27Sep09_final.pdf" href="http://documents.sarawakreport.org/PSI_asset%20overview_27Sep09_final.pdf" rel="nofollow">document</a> sent to him by Mahony himself just before he wrote it up.</span></div>
<div class="graf--p graf-after--figure" id="a3aa" name="a3aa" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="bcd5" name="bcd5" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">He admits as much in his own report:</span></div>
<div style="text-align: justify;">
<blockquote class="graf--blockquote graf--startsWithDoubleQuote graf-after--p" id="c594" name="c594">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--blockquote-em">“The
analyses, opinions and conclusions presented in this report are based
on our best economic judgments on the data that were made available to
us by the managements of PetroSaudi International Limited and 1MDB
PetroSaudi Limited” [Ed Morse report]</i></span></blockquote>
</div>
<div class="graf--p graf-after--blockquote" id="a035" name="a035" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">If
Morse had checked out any of the data provided by PetroSaudi, he would
have realised that they did not own the Turkmenistan oil field and that
an Argentine concession was mainly funded with borrowed funds. Instead
he summarised after the event:</span></div>
<div class="graf--p graf-after--blockquote" id="a035" name="a035" style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br />
<br />
<figure class="graf--figure graf-after--p" id="fc5b" name="fc5b"></figure></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="fc5b" name="fc5b"><div class="aspectRatioPlaceholder is-locked" style="max-height: 337px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*dcfeTcpFJDNFyz6r.jpg" data-action="zoom" data-height="361" data-image-id="0*dcfeTcpFJDNFyz6r.jpg" data-scroll="native" data-width="750">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*dcfeTcpFJDNFyz6r.jpg" height="192" src="https://cdn-images-1.medium.com/max/800/0*dcfeTcpFJDNFyz6r.jpg" width="400" /></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Morse valued the PSI assets at US$3 billion</span></span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="7814" name="7814" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Morse
was offered US$50,000 for this re-jigged version of PetroSaudi’s own
figures, which was in the event bumped up to double by Patrick Mahony,
presumably as a thanks for getting such a massive evaluation job done in
just two days!</span></div>
<div class="graf--p graf-after--figure" id="7814" name="7814" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="93bb" name="93bb" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Laughably,
the 1MDB Board and management accepted this so-called ‘injection of
assets’ purely in the form of the transfer of PetroSaudi’s subsidiary
company in the Caymans. There was no legal transfer of any genuine
ownership of that company’s supposed assets, for example the alleged
Turkmenistan oil concession.</span></div>
<h3 class="graf--h3 graf-after--p" id="b15e" name="b15e" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;"> </span></h3>
<h3 class="graf--h3 graf-after--p" id="b15e" name="b15e" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Fraudulent transfer</span></h3>
<div class="graf--p graf-after--h3" id="19a1" name="19a1" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">As
if such blatant and wilful negligence by the Board and management of a
public company were not enough to prompt Bank Negara’s criminal case
against 1MDB, the matter of course gets worse.</span></div>
<div class="graf--p graf-after--h3" id="19a1" name="19a1" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="ce73" name="ce73" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Bank
Negara was specifically informed that all the US$1 billion being paid
into the PetroSaudi venture was going to the joint venture company
itself. Instead, the conspirators behind the deal injected a fictitious
US$700 million ‘shareholder’ paper ‘loan’ into the equation on the 25th
of September, just 3 days before the signing of the deal.</span></div>
<div class="graf--p graf-after--p" id="ce73" name="ce73" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="c2f1" name="c2f1" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">They
then requested the money be paid directly back to PetroSaudi by 1MDB in
cold hard cash on the day of the loan. This ‘repayment’ was dressed up
as a consideration for the huge extra value of the supposed assets of
the injected Cayman subsidiary, which Morse had put at US$3 billion, but
were actually fictitious, unchecked and legally unsecured.</span></div>
<div class="graf--p graf-after--p" id="c2f1" name="c2f1" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="5ad8" name="5ad8" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">It
gets worse, because of course as we all know the US$700 million did not
even get paid to PetroSauidi, it got paid directly to a company owned
by Jho Low called Good Star Limited, incorporated in the Seychelles.</span></div>
<div class="graf--p graf-after--p" id="5ad8" name="5ad8" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="9f40" name="9f40" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">There
is a mound of evidence to show that PetroSaudi, in particular Patrick
Mahony, deliberately lied to 1MDB on this point, claiming that Good Star
was a PetroSaudi subsidiary.</span></div>
<div class="graf--p graf-after--p" id="9f40" name="9f40" style="text-align: justify;">
<br /></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="be15" name="be15"></figure><figure class="graf--figure graf-after--p" id="be15" name="be15"><div class="aspectRatioPlaceholder is-locked" style="max-height: 264px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*Yj8K2EQHOjssft-G.jpg" data-action="zoom" data-height="283" data-image-id="0*Yj8K2EQHOjssft-G.jpg" data-scroll="native" data-width="750">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*Yj8K2EQHOjssft-G.jpg" height="150" src="https://cdn-images-1.medium.com/max/800/0*Yj8K2EQHOjssft-G.jpg" width="400" /></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Straight lie — This 1116073 account belonged to Jho Low’s Good Star Limited, not PetroSaudi</span></span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="f17c" name="f17c" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The
company has continued to make this claim and lie in recent weeks in
various statements seeking to imply that the money went to PetroSaudi
instead of Jho Low:</span></div>
<div style="text-align: justify;">
<blockquote class="graf--blockquote graf--startsWithDoubleQuote graf-after--p" id="a3f4" name="a3f4">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--blockquote-em">“In
a statement to The New York Times this week, 1MDB said that Good Star
was owned by PetroSaudi and noted that PetroSaudi had confirmed that
1MDB said it had provided information about these transactions to the
Malaysian authorities that are investigating the sovereign fund.”[</i><a class="markup--anchor markup--blockquote-anchor" data-href="http://www.nytimes.com/2015/06/18/world/asia/malaysia-prime-minister-najib-razak-mahathir-mohamad.html?_r=0" href="http://www.nytimes.com/2015/06/18/world/asia/malaysia-prime-minister-najib-razak-mahathir-mohamad.html?_r=0" rel="nofollow"><i class="markup--em markup--blockquote-em">NYT 18/6/15</i></a><i class="markup--em markup--blockquote-em">]</i></span></blockquote>
</div>
<div class="graf--p graf-after--blockquote" id="d2f2" name="d2f2" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Shahrol
Halmi also knew full well that the money was being ‘paid back’ not to
PetroSaudi but to Good Star, as his emails make plain. If he had checked
the beneficial ownership of Good Star he would have realised it
belonged to Jho Low and that the company was not part of the ownership
structure of PetroSaudi.</span></div>
<div class="graf--p graf-after--blockquote" id="d2f2" name="d2f2" style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br />
<br />
<figure class="graf--figure graf-after--p" id="0bd5" name="0bd5"></figure></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="0bd5" name="0bd5"><div class="aspectRatioPlaceholder is-locked" style="max-height: 350px; max-width: 700px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-action-value="0*RxoybHICwOeQuHWN.jpg" data-action="zoom" data-height="374" data-image-id="0*RxoybHICwOeQuHWN.jpg" data-scroll="native" data-width="749">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*RxoybHICwOeQuHWN.jpg" height="199" src="https://cdn-images-1.medium.com/max/800/0*RxoybHICwOeQuHWN.jpg" width="400" /></div>
</div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: "verdana" , sans-serif;">Halmi
confirmed to the bank that the beneficial owner of the account which
received the $700m was not PetroSaudi but Good Star Limited — belonging
to Jho Low</span></span></figcaption></figure><br />
<div class="graf--p graf-after--figure" id="199d" name="199d" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Mr
Arul Kanda is of course welcome to say that these documents, which are
also in the hands of international regulators and other news
organisations have been ‘doctored’ and ‘tampered’ by Sarawak Report.</span></div>
<div class="graf--p graf-after--figure" id="199d" name="199d" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="6360" name="6360" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">He
should take us to court and compare his copies with ours and explain
why it is that all the surrounding evidence about the 1MDB PetroSaudi
affair ties in nicely with our allegations, while for his part he cannot
stick to the same answer two days running.</span></div>
<div class="graf--p graf-after--p" id="f44b" name="f44b" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="f44b" name="f44b" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Malay Version of the Bank Negara Letter of Permission:</span></div>
<div class="graf--p graf-after--p" id="f44b" name="f44b" style="text-align: justify;">
<br /></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="748d" name="748d"></figure><figure class="graf--figure graf-after--p" id="748d" name="748d"><div class="aspectRatioPlaceholder is-locked" style="max-height: 750px; max-width: 533px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="750" data-image-id="0*0YMu9r6_b5trOis1.jpg" data-scroll="native" data-width="533">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*0YMu9r6_b5trOis1.jpg" height="400" src="https://cdn-images-1.medium.com/max/800/0*0YMu9r6_b5trOis1.jpg" width="284" /></div>
</div>
</figure><br />
<div class="graf--p graf-after--figure" id="d59a" name="d59a">
<span style="font-family: "verdana" , sans-serif;">Page 2</span></div>
<div class="graf--p graf-after--figure" id="d59a" name="d59a">
<br /></div>
<br />
<br />
<figure class="graf--figure graf-after--p" id="354a" name="354a"></figure><section class=" section--body section--first" name="5095"><div class="section-content">
<div class="section-inner layoutSingleColumn">
<br />
<br />
<figure class="graf--figure graf-after--p" id="354a" name="354a"><div class="aspectRatioPlaceholder is-locked" style="max-height: 750px; max-width: 590px;">
<div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-height="750" data-image-id="0*WZFI1oa7DeDxiMpT.jpg" data-scroll="native" data-width="590">
<img class="progressiveMedia-image js-progressiveMedia-image" data-src="https://cdn-images-1.medium.com/max/800/0*WZFI1oa7DeDxiMpT.jpg" height="400" src="https://cdn-images-1.medium.com/max/800/0*WZFI1oa7DeDxiMpT.jpg" width="314" /><span style="font-family: "verdana" , sans-serif;"></span></div>
</div>
</figure><br />
<div class="graf--p graf-after--figure" id="698d" name="698d">
<span style="font-family: "verdana" , sans-serif;">English translation:</span></div>
<div class="graf--p graf-after--p" id="767f" name="767f">
<br /></div>
<div class="graf--p graf-after--p" id="767f" name="767f">
<span style="font-family: "verdana" , sans-serif;">Confidential</span></div>
<div class="graf--p graf-after--p" id="5ffd" name="5ffd">
<br /></div>
<div class="graf--p graf-after--p" id="5ffd" name="5ffd">
<span style="font-family: "verdana" , sans-serif;"><b class="markup--strong markup--p-strong">BANK NEGARA MALAYSIA CENTRAL BANK OF MALAYSIA</b></span></div>
<div class="graf--p graf-after--p" id="d2d4" name="d2d4">
<br /></div>
<div class="graf--p graf-after--p" id="d2d4" name="d2d4">
<span style="font-family: "verdana" , sans-serif;">29 September 2009</span></div>
<div class="graf--p graf-after--p" id="a7ec" name="a7ec">
<br /></div>
<div class="graf--p graf-after--p" id="a7ec" name="a7ec">
<span style="font-family: "verdana" , sans-serif;">Mr
Tang Keng Chee </span></div>
<div class="graf--p graf-after--p" id="a7ec" name="a7ec">
<span style="font-family: "verdana" , sans-serif;">Executive Director </span></div>
<div class="graf--p graf-after--p" id="a7ec" name="a7ec">
<span style="font-family: "verdana" , sans-serif;">1Malaysia Development Berhad
(848230V) </span></div>
<div class="graf--p graf-after--p" id="a7ec" name="a7ec">
<span style="font-family: "verdana" , sans-serif;">Level 8, Menara IMC, </span></div>
<div class="graf--p graf-after--p" id="a7ec" name="a7ec">
<span style="font-family: "verdana" , sans-serif;">No.8, Jalan Sultan Ismail, </span></div>
<div class="graf--p graf-after--p" id="a7ec" name="a7ec">
<span style="font-family: "verdana" , sans-serif;">50250 Kuala
Lumpur.</span></div>
<div class="graf--p graf-after--p" id="ddb6" name="ddb6">
<br /></div>
<div class="graf--p graf-after--p" id="ddb6" name="ddb6">
<span style="font-family: "verdana" , sans-serif;">Sir,</span></div>
<div class="graf--p graf-after--p" id="3969" name="3969">
<br /></div>
<div class="graf--p graf-after--p" id="3969" name="3969">
<span style="font-family: "verdana" , sans-serif;"><b class="markup--strong markup--p-strong">OFF-SHORE INVESTMENT</b></span></div>
<div class="graf--p graf-after--p" id="cf7c" name="cf7c">
<br /></div>
<div class="graf--p graf-after--p" id="cf7c" name="cf7c">
<span style="font-family: "verdana" , sans-serif;">We refer to the 1Malaysia Development Berhad application (1MDB).</span><span style="font-family: "verdana" , sans-serif;"> </span></div>
<div class="graf--p graf-after--p" id="cf7c" name="cf7c">
<br /></div>
<div class="graf--p graf-after--p" id="cf7c" name="cf7c">
<span style="font-family: "verdana" , sans-serif;">2. Permission
is given to 1MDB to remit funds in the sum of USD1 billion for the
purpose of obtaining 40% shareholding in 1MDB Petrosaudi Limited,
British Virgin Islands (PetroJV). The reference number of the said
investment is IO95174.</span></div>
<div class="graf--p graf-after--p" id="cf7c" name="cf7c">
<br /></div>
<div class="graf--p graf-after--p" id="cf7c" name="cf7c">
<span style="font-family: "verdana" , sans-serif;">3. </span><span style="font-family: "verdana" , sans-serif;">For the purpose of simplifying the statistical compilation of the balance payments by the Central Bank of Malaysia-</span></div>
<div class="graf--p graf-after--li" id="c69d" name="c69d">
<br /></div>
<div class="graf--p graf-after--li" id="c69d" name="c69d" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">(a)
1MDB has to disclose the information required by the local licensed
bank (commercial bank, Islamic bank or local investment bank) for
convenience in remitting the investment funds which is in excess of RM
200, 000 on behalf of 1MDB; and</span></div>
<div class="graf--p graf-after--li" id="c69d" name="c69d">
<br /></div>
<div class="graf--p graf-after--p" id="cfb4" name="cfb4" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">(b)
The Malaysian Central Bank’s Department of Statistics will contact 1MDB
with regard to a quarterly report in respect of 1MDB’s assets and
liabilities to be submitted to the Central Bank of Malaysia.</span></div>
<div class="graf--p graf-after--p" id="cfb4" name="cfb4">
<br /></div>
<div class="graf--p graf-after--p" id="f695" name="f695">
<span style="font-family: "verdana" , sans-serif;">4. We take note that:</span></div>
<div class="graf--p graf-after--p" id="f695" name="f695">
</div>
<div class="graf--p graf-after--p" id="f695" name="f695" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">(a)
PetroJV is a joint venture company held 40:60 by 1MDB and its joint
venture partner, Petrosaudi Holdings (Cayman) Ltd, Cayman Islands;</span></div>
<div class="graf--p graf-after--p" id="f695" name="f695">
<br /></div>
<div class="graf--p graf-after--p" id="d2cf" name="d2cf" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">(b)
PetroJV will utilize the equity funds totaling USD 2.5 billion from its
shareholders to fund the investment in the energy, agriculture, real
estate and tourism sectors in Malaysia and overseas;</span></div>
<div class="graf--p graf-after--p" id="8eb1" name="8eb1">
<br /></div>
<div class="graf--p graf-after--p" id="8eb1" name="8eb1">
<span style="font-family: "verdana" , sans-serif;">(c)
The said funds in the sum of USD 2.5 billion will be placed in
PetroJV’s account with Banca della Svizzera Italiana SA, Geneva pending
investments in future projects;</span></div>
<div class="graf--p graf-after--p" id="8eb1" name="8eb1">
<br /></div>
<div class="graf--p graf-after--p" id="a4de" name="a4de" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">(d)
1MDB will fund the investment in the sum of USD 1 billion with the
acquisition of “Islamic Medium Term Notes” which were issued in May
2009; and</span></div>
<div class="graf--p graf-after--p" id="a4de" name="a4de" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="3860" name="3860" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">(e)
The remittance of such funds for the said investment will be done via a
foreign exchange of the funds in Ringgit to the relevant foreign
currency with a local licensed bank. In this connection, 1MDB will make
the exchanges in stages to ensure order and smoothness in the local
foreign currency market.</span><span style="font-family: "verdana" , sans-serif;"> </span></div>
<div class="graf--p graf-after--p" id="3860" name="3860" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="3860" name="3860" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">5. In
the event that 1MDB does not make any remittance of funds for its
investment in the period of 12 months from the date of this letter, this
approval will be rendered <b class="markup--strong markup--li-strong">cancelled</b> and 1MDB would be required to obtain permission from us prior to the remittance of such funds.</span></div>
<div class="graf--p graf-after--p" id="3860" name="3860" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--p" id="3860" name="3860" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">6. </span><span style="font-family: "verdana" , sans-serif;">In
the event that 1MDB is bound by any value protection contract to manage
currency exposure risks for its investments, the contract has to be:-</span></div>
<div class="graf--p graf-after--p" id="3860" name="3860" style="text-align: justify;">
<br /></div>
<div class="graf--p graf-after--li" id="ee75" name="ee75" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">(a) executed with a local licensed bank; and</span></div>
<div class="graf--p graf-after--li" id="ee75" name="ee75">
<br /></div>
<div class="graf--p graf-after--p" id="598c" name="598c" style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">(b) terminated by 1MDB when the said investment is sold or has come to</span></div>
<div class="graf--p graf-after--p" id="78ea" name="78ea">
<span style="font-family: "verdana" , sans-serif;">an end.</span></div>
<div class="graf--p graf-after--p" id="78ea" name="78ea">
<br /></div>
<div class="graf--p graf-after--p" id="2992" name="2992">
<span style="font-family: "verdana" , sans-serif;">Yours faithfully,</span></div>
<div class="graf--p graf-after--p" id="76e8" name="76e8">
<span style="font-family: "verdana" , sans-serif;">On behalf of Foreign Exchange Officer</span></div>
<div class="graf--p graf-after--p" id="c6a2" name="c6a2">
<span style="font-family: "verdana" , sans-serif;">(Wan Hanisah Wan Ibrahim)</span></div>
<div class="graf--p graf-after--p graf--last" id="db96" name="db96">
<span style="font-family: "verdana" , sans-serif;">Director Foreign Exchange Administration</span></div>
<div class="graf--p graf-after--p graf--last" id="db96" name="db96">
<br /></div>
</div>
</div>
</section><section class=" section--body section--last" name="66ac"><div class="section-divider layoutSingleColumn">
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<div class="graf--p graf--first graf--last" id="4eb3" name="4eb3">
<span style="font-family: "verdana" , sans-serif;"><i class="markup--em markup--p-em">Originally published at </i><a class="markup--anchor markup--p-anchor" data-href="http://www.sarawakreport.org/2015/10/arul-spins-a-changing-story-as-we-publish-more-documents-he-cant-deny/" href="http://www.sarawakreport.org/2015/10/arul-spins-a-changing-story-as-we-publish-more-documents-he-cant-deny/" rel="nofollow"><i class="markup--em markup--p-em">www.sarawakreport.org</i></a><i class="markup--em markup--p-em">.</i></span></div>
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Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com1tag:blogger.com,1999:blog-8761251441146419245.post-3892002663295515922015-09-27T04:16:00.000+08:002015-09-27T04:16:09.069+08:00Partying & "Investing" With 1MDB's Money?<div dir="ltr" style="text-align: left;" trbidi="on">
<img alt="'King Khadem' And His Sovereign Wealth! - IN DEPTH INVESTIGATION" class="top-image" height="240" src="http://i2.sarawakreport.org/2/6/2/4/4/26244854f96dc4b932e1c39c550280aec2578218.jpg" width="400" />
<br />
<h1>
<a href="http://www.sarawakreport.org/2015/09/king-khadem-and-his-sovereign-wealth-in-depth-investigation/" target="_blank"><span style="font-size: large;"><span style="font-family: Verdana,sans-serif;">'King Khadem' And His Sovereign Wealth! - IN DEPTH INVESTIGATION</span></span></a></h1>
<a href="http://www.sarawakreport.org/2015/09/king-khadem-and-his-sovereign-wealth-in-depth-investigation/" target="_blank"><span style="font-size: large;"><span style="font-family: Verdana,sans-serif;"></span></span></a><h4 class="datestamp">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">26 Sep 2015</span></span></h4>
<h4 class="datestamp">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">(Reproduced with permission) </span></span></h4>
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span><div class="wp-caption alignright" id="attachment_27802" style="width: 400px;">
<img alt="Khadem's pad has hot water issues!" class="size-medium wp-image-27802" data-file-id="8613" height="300" src="http://i3.sarawakreport.org/7/0/9/a/a/709aa5db79e60a9d2da26d920a50b367e3c87678.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Khadem’s pad has hot water issues!</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">The most <a href="http://www.theagencyre.com/2013/10/1201-laurel-way-wall-street-journal/">expensive mansion</a> in
Beverley Hills (reputedly) glitters with glass atop a cascading
hillside of manicured terraced lawns – its projected price tag is around
US$45 million plus.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">According to court depositions, however, a recent Arab guest at the
property was unimpressed by a temporary lack of hot water in the Palumbo
designed <a href="http://www.theagencyre.com/for-sale/1201-laurel-way-beverly-hills/#7">futurist fantasy</a>, which has sparked a revealing row about its ownership.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">When the house changed hands last year (following a total rebuild by
top designer Michael Palumbo) the cash buyer was announced to have been a
British born ‘nightclub mogul’ named Neil Moffitt. However, this was
questioned.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div class="wp-caption alignleft" id="attachment_27803" style="width: 400px;">
<img alt="Moffitt - Genuine Mogul or just a front man?" class="size-medium wp-image-27803" data-file-id="8614" height="208" src="http://i3.sarawakreport.org/3/3/9/6/d/3396da40e22396276fd69d97a12ad2293f0bc68f.jpg" width="400" /><div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Neil Moffitt – genuine mogul or just a front for Walker Tower penthouse buy?</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Commentators at the time <a href="http://variety.com/2014/dirt/real-estalker/did-neil-moffitt-do-it-again-in-beverly-hills-1201237721/">referred to raised eyebrows</a> that even a man with the reported income of Mr Moffitt (it had just been announced he had sold his company<a href="http://vegasmagazine.com/neil-moffitt-talks-success-of-hakkasan"> Angel Management </a>to the Hakkasan nightclub chain for some US$100 million) could have afforded such an expensive property.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">After all, this was pretty much at the same time as he was also being
identified as the buyer of yet another record breaking purchase, a<a href="http://ny.curbed.com/archives/2015/05/18/the_priciest_downtown_apartment_ever_sold_returns_for_70m.php"> US$50 million penthouse flat </a>(now up for re-sale for US$70 million) in the Walker Building in New York.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_27805" style="width: 400px;">
<img alt="Most expensive purchase ever - was it Moffitt or was it Khadem?" class="size-medium wp-image-27805" data-file-id="8615" height="393" src="http://i3.sarawakreport.org/b/6/5/6/0/b6560fdc58397694bc57ce47d2b06673e76af0c3.jpg" width="400" /><div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Priciest purchase ever in just 5 minutes – was it Moffitt or was it Khadem?</span></span></div>
<div class="wp-caption-text" style="text-align: justify;">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">So was he the real buyer?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Moffitt, according to our researches, has had a checkered career as
an ‘impresario’, since starting out as a bar owner in his native
Stratford upon Avon before gravitating to Las Vegas.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In 2009 he was broke, say insiders, following the closure of the Vegas club he was managing by the name of ICE.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">He was forced to sell up his dance music company by the name of Godskitchen, in order to fund a divorce from his British wife.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">But, some point in the following year he struck a lucrative encounter with a man of apparent enormous means, whose <a href="http://www.sarawakreport.org/2015/03/why-did-jho-lows-company-good-star-limited-pay-aabars-top-executive-khadem-al-qubaisi-usd20-75-million/">obsession with nightclubs</a> had seen him perhaps inevitably gravitate to Moffitt’s current corner of the globe.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This was Khadem al Qubaisi, who was soon to also link up with Malaysia’s most controversial businessman <a href="http://www.sarawakreport.org/2015/02/heist-of-the-century-how-jho-low-used-petrosaudi-as-a-front-to-siphon-billions-out-of-1mdb-world-exclusive/">Jho Low</a> both in <a href="http://www.sarawakreport.org/2015/05/1mdbs-aabar-connection-more-questions-over-cepsas-coastal-energy-buy-out-with-jho-low/">business</a> and on the <a href="http://www.sarawakreport.org/2015/03/why-did-jho-lows-company-good-star-limited-pay-aabars-top-executive-khadem-al-qubaisi-usd20-75-million/">nightclub scene</a>:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“Moffitt was like a lousy shark hanging around looking
for rich fools and both Khadem and Jho Low floated in around the same
time – Moffitt netted them both and the rest is history” <em>was how one Vegas insider observed the situation to Sarawak Report.</em></span></blockquote>
<br />
<blockquote>
<span style="font-family: Verdana,sans-serif;">“All the stories about KAQ [Khadem Al Qubaisi] not being happy he did not get the <a href="http://raverrafting.com/hakkasan-nightclub/2012/12/30/">table he wanted in Wynns</a>
is a load of rubbish, simply Moffitt used his usual gift of trying to
find money explaining Vegas could be taken. KAQ jumped at the
opportunity and today we see why” .</span></blockquote>
</div>
<div class="wp-caption aligncenter" id="attachment_27807" style="width: 675px;">
<img alt="Promoting Hakkasan - Al Qubaisi's instant nightclub phenomenon..... girls and girls" class="size-large wp-image-27807" data-file-id="8617" height="400" src="http://i3.sarawakreport.org/f/4/9/d/c/f49dc80d4ca9380a75cee620e7e1624bb912aa56.jpg" width="360" /><div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Subtle? – promoting Hakkasan, Al Qubaisi’s instant US nightclub phenomenon….. girls and bits of girls</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">Referring to Jho Low’s own arrival on the Las Vegas nightclub scene sometime later in 2010 the same observer reflects:</span></span></div>
<div style="text-align: justify;">
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span><blockquote>
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">“Did Moffitt introduce KAQ to Low? I would bet 99% on
this, as Moffitt liked to play the matchmaker and the more wealthy
people he knew made himself look bigger. KAQ and Low like the girls and
everything around it, Moffitt had seen the weakness in KAQ and pushed
him into having his own clubs. KAQ was a sort of very rich nobody in Las
Vegas until Moffitt promoted him through Hakkasan – then the girls were
non stop. Low same thing as KAQ – ugly but with deep pockets – they are
now like the three best friends on the planet.”</span></span></blockquote>
</div>
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div class="wp-caption alignright" id="attachment_27812" style="width: 374px;">
<img alt="Manager Moffitt - but where did the money come from?" class="size-medium wp-image-27812" data-file-id="8621" height="400" src="http://i1.sarawakreport.org/5/f/3/9/6/5f396651274cf648a2ce862272386341eed598bc.jpg" width="374" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Manager Moffitt – but where did the money come from?</span></span></div>
</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This is an account that contrasts with the <a href="http://vegasmagazine.com/neil-moffitt-talks-success-of-hakkasan">stellar trajectory</a> now being presented to the press to explain Moffitt’s sudden big bang arrival as a top player in the US entertainment scene.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">However, it provides a compelling explanation for Moffitt’s sudden transformation into one of the biggest investors in America.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">With respect to the Beverley Hills mansion, it is the designer
Michael Palumbo himself who has cemented allegations that the real buyer
of 1201 Laurel Way was indeed Khadem Al Qubaisi, the ex-Abu Dhabi
sovereign wealth fund manager and Moffitt’s later Hakkasan, confirming
him as the source of the mega-money behind Moffitt.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_27806" style="width: 279px;">
<img alt="Al Qubaisi's sober Abu Dhabi image gets shed in Vegas and San Tropez - where his parties with pal Jho Low have become legendary." class="size-medium wp-image-27806" data-file-id="8616" height="400" src="http://i3.sarawakreport.org/3/3/8/7/e/3387e9498c3316ccb548e5c658dae1c8e9acdd98.jpg" width="279" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Al Qubaisi’s sober Abu Dhabi image gets shed in Vegas and San Tropez – where his parties with pal Jho Low have become legendary.</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The papers submitted in Palumbo’s court case against Moffitt, which is due to be heard in the <a href="https://dockets.justia.com/docket/california/cacdce/2:2015cv01899/613103">California Central District Court </a>early
in October, provide some fascinating insights into the relationship
between Moffitt and ‘KAQ’ and also into Al Qubaisi’s perceived level of
wealth.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Khadem, after all, was only a salaried official at Aabar and IPIC,
the wealth funds from which he was sacked earlier this year, which
raises considerable questions as to how he himself became so
phenomenally rich.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">According to Palumbo’s court deposition, the Arab guest who had
suffered the disturbing episode without hot water at 1201 Laurel Way,
was a fellow by the name of Darwish, described as Khadem al Qubaisi’s
brother.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The matter had apparently filled Mr Al Qubaisi with shame, given the huge expense of the property:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“Mike, [wrote Moffitt in February 2015]…. As you know
KAQ was very annoyed at the ongoing situation at 1201 Laurel Way .. on a
recent visit from his brother there were many issues with the property
not limited to a land slip and lack of water, which led to a very
embarrassing situation for both he and I when his brother returned to
Abu Dhabi. Clearly this was not what was expected when purchasing a 31
Million Dollar property… As I stated to you KAQ became so disenchanted
by the combination of circumstances he no longer wanted his company to
be involved in this project or with your future development efforts”
[letter cited in the current fraud case against Moffitt relating to a
second property, 1169 Hillcrest, Beverley Hills.]</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">According to Palumbo, Moffitt used this incident as an excuse to
break an agreement over a later separate development, in order to wrest
control of a multi-million dollar property (1169 Hillcrest) from the
designer, who is now prosecuting him for fraud.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Palumbo’s deposition describes Moffitt as:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“.. a wealthy British-born businessman and Chief
Executive Officer of the Hakkasan Group. Upon information and belief,
Moffitt acts as an agent and/or intermediary in the United States for
certain wealthy Arab investors, including Khadem Al Qubaisi, Chairman of
the Hakkasan Group…. Moffitt told Palumbo that if he partnered with
‘His Excellency’ [Khadem al Qubaisi] who has an estimated net worth of
billions, Palumbo would “never need to look for money again”</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It appears therefore that the money behind Moffitt is established as being Al Qubaisi’s in this case.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_27837" style="width: 320px;">
<img alt="Jho Low - Third man in the billionaire party line up with Khadem and Moffit" class="size-full wp-image-27837" data-file-id="8641" height="284" src="http://i3.sarawakreport.org/b/3/8/1/e/b381e671c4d5514c3979e819b1978d8995b832e3.jpg" width="320" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Jho Low – Third man in the billionaire party line up with Khadem and Moffit</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">Likewise with the purchase of the Walker Tower Penthouse, where Sarawak Report has already <a href="http://www.sarawakreport.org/2015/03/why-did-jho-lows-company-good-star-limited-pay-aabars-top-executive-khadem-al-qubaisi-usd20-75-million/">previously identified</a> Al Qubaisi as the actual buyer.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">Documents examined by us reveal that the transaction was negotiated
through Khadem Al Qubaisi’s Luxembourg bank manager Marc Abroisien of
Edmond de Rothschild Banque Privee, on behalf of an off-shore vehicle
named Vasco Investment Services S.A., which is owned by KAQ and based in
the British Virgin Islands.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">The law firm which negotiated the penthouse purchase was New York’s
Greenberg Traurig, which holds several connections with both Al Qubaisi
and Jho Low’s various business ventures and other interests.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">No wonder real estate agents were left gasping after Moffitt agreed
to sign on the deal after a five minute visit – he was just the front.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div class="wp-caption aligncenter" id="attachment_27836" style="width: 750px;">
<img alt="Khadem's application to the Tower Block owners as purchaser of the penthouse property" class="size-large wp-image-27836" data-file-id="8640" height="300" src="http://i3.sarawakreport.org/7/5/d/5/5/75d556fa2f0b39127585f231a6a94f390dcd7107.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Khadem’s application to the Tower Block owners as purchaser of the penthouse property</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>Sovereign wealth?</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">However, the profile of Mr Al Qubaisi as some form of royal ‘His
Excellency’ from the Emirates worth billions of dollars is also
troubling, given his actual status in the Emirate of Abu Dhabi.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_27808" style="width: 287px;">
<img alt="Sacked from Abu Dhabi's public wealth funds, but several parallel private businesses remain" class="size-medium wp-image-27808" data-file-id="8618" height="400" src="http://i1.sarawakreport.org/5/9/b/b/7/59bb78495832d2d29fd51472a3213df4079d0e7f.jpg" width="287" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Sacked from Abu Dhabi’s wealth funds, but several parallel private businesses remain – eg Nural Island Abu Dhabi</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">He is in fact a commoner and was a salaried official working in very
senior positions in the International Petroleum Investment Company,
Aabar and their various subsidiaries.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Aabar lost billions under Al Qubaisi’s management, experiencing a
drop in its base capital from over US$70 billion to under US$15 billion
in that period, which hardly suggests special bonuses on performance.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Yet, Mr Al Qubaisi nevertheless clearly numbers amongst the global
super-rich, as evidenced by his personal property purchases and
ostentatious spending.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">He has also been pouring hundreds of millions into private
businesses, which continue to operate separately from Aabar and IPIC,
from which he has now been sacked.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In the United States these businesses number most notably the company
Tamaseem Real Estate Limited (Abu Dhabi) which directly owns the
nightclub and restaurant chain Hakkasan, of which Al Qubaisi is
Chairman.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3>
<span style="font-family: Verdana,sans-serif;"><strong>Wow Hakkasan!</strong></span></h3>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Hakkasan’s expenditures and expansion over the past two years have
taken the entertainment industry by storm and turned into fast moving
global phenomenon, with Neil Moffitt at the helm as Chief Executive and
PR front man.</span></div>
<br />
<div class="wp-caption aligncenter" id="attachment_27809" style="width: 750px;">
<img alt="Moffitt presides over another opening with the usual Hakkasan style of presentation." class="size-large wp-image-27809" data-file-id="8619" height="243" src="http://i0.sarawakreport.org/4/d/0/7/d/4d07d566075d823ccff2d076ca337692e59f65cf.jpg" width="400" /><div class="wp-caption-text" style="text-align: left;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Moffitt presides (with familiar taste) at the opening of Hakkasan’s Las Vegas club in 2013 – </span></span></div>
<div class="wp-caption-text" style="text-align: left;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">the most ‘<a href="http://www.reviewjournal.com/celebrity-news/moffitt-sibella-handle-hakkasan-ribbon-cutting-honors">expensive club ever buil</a>t’</span></span></div>
<div class="wp-caption-text" style="text-align: left;">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The level of investment and expansion has been nothing short of
seismic, projecting Mr Moffitt into the front line of the US
entertainment industry’s line up of <a href="http://www.rollingstone.com/music/lists/50-most-important-people-in-edm-20140317/neil-moffitt-19691231#ixzz3mkFP6fZ6">‘power players</a>‘.</span></div>
<br />
<div class="wp-caption aligncenter" id="attachment_27815" style="width: 750px;">
<img alt=""After making his fortune revamping distressed assets in the U.K. food and beverage industry in the 1990s, music and nightlife entrepreneur Neil Moffitt tore his way through Europe's electronic music scene with his Godskitchen superclub brand, producing sold-out dance events in the U.K. and Ibiza, and launching the popular Global Gathering festival. Now, he's settling in Las Vegas to try his hand at U.S. nightlife through his Angel Management Group. Read more: http://www.rollingstone.com/music/lists/50-most-important-people-in-edm-20140317/neil-moffitt-19691231#ixzz3mkFP6fZ6 Follow us: @rollingstone on Twitter | RollingStone on Facebook" class="size-large wp-image-27815" data-file-id="8623" height="337" src="http://i2.sarawakreport.org/6/9/e/a/e/69eae6ed6cede9a1fc3e9b6e0c836a7b45741414.jpg" width="400" /><div class="wp-caption-text">
<br /></div>
</div>
<div class="wp-caption aligncenter" id="attachment_27815" style="width: 750px;">
<div class="wp-caption-text">
<span style="font-family: Verdana,sans-serif;"><span style="font-size: x-small;"><em>“After
making his fortune revamping distressed assets in the U.K. food and
beverage industry </em></span></span></div>
<div class="wp-caption-text">
<span style="font-family: Verdana,sans-serif;"><span style="font-size: x-small;"><em>in the 1990s, music and nightlife entrepreneur Neil
Moffitt tore his way through Europe’s </em></span></span></div>
<div class="wp-caption-text">
<span style="font-family: Verdana,sans-serif;"><span style="font-size: x-small;"><em>electronic music scene with his
Godskitchen superclub brand, producing sold-out dance events in </em></span></span></div>
<div class="wp-caption-text">
<span style="font-family: Verdana,sans-serif;"><span style="font-size: x-small;"><em>the U.K.
and Ibiza, and launching the popular Global Gathering festival. Now,
he’s settling in Las </em></span></span></div>
<div class="wp-caption-text">
<span style="font-family: Verdana,sans-serif;"><span style="font-size: x-small;"><em>Vegas to try his hand at U.S. nightlife through his
Angel Management Group..” [Rolling Stone </em></span></span></div>
<div class="wp-caption-text">
<span style="font-family: Verdana,sans-serif;"><span style="font-size: x-small;"><em>magazine]</em></span><em> </em></span></div>
<div class="wp-caption-text">
<span style="font-family: Verdana,sans-serif;"><em> </em> </span></div>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Over the past three years Moffitt as the Chief Executive of Hakkasan has rolled out an <a href="http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11314523/Hakkasan-boss-eyes-15-openings-as-megaclubs-empire-expands.html">astonishing series</a>
of bars and restaurants world wide. The Chairman of the enterprise and
also Chairman of its registered owner Tasameem Real Estate LLC has been
Khadem Al Qubaisi.</span></div>
<br />
<div class="wp-caption alignleft" id="attachment_27816" style="width: 320px;">
<img alt="Moffitt's former 'Euro-empire' - Bar M, now closed" class="size-full wp-image-27816" data-file-id="8624" height="240" src="http://i1.sarawakreport.org/5/2/2/9/0/522900861ab573da9a93ebe773af7e622e5182f5.jpg" width="320" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Moffitt’s former ‘Bar M’ in Stratford, now closed</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The sums involved been phenomenal, with the Hakkasan nightclub opened
on the re-vamped Studio 54 site in Las Vegas in 2013 rated as the most
expensive ever built.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This was followed by a string of Las Vegas<a href="http://hakkasanlv.com/"> venues</a>
including Wet Republic, Stingaree, HQ Nightclub, HQ Beach Club, and
Omnia, which hosted a massive opening event at the original Caesars
Palace venue in January, itself a once favoured haunt of Jho Low.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The investment has continued with clubs in LA and across <a href="http://hakkasangroup.com/about/">the world</a> –
Moffitt has declared to newspapers that he plans 15 mega-clubs to open
internationally, causing other nightclub entrepreneurs to <a href="http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11314523/Hakkasan-boss-eyes-15-openings-as-megaclubs-empire-expands.html">whisper</a> that they fear a strategy to put the rest of them out of business.</span></div>
<div style="text-align: justify;">
<br /></div>
<div class="wp-caption alignright" id="attachment_27817" style="width: 400px;">
<img alt="Omnia - bigger and better by far.." class="size-medium wp-image-27817" data-file-id="8625" height="262" src="http://i3.sarawakreport.org/b/b/b/8/d/bbb8d981acbb5472b4bb28c6e8567ee94b31ad95.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Omnia – bigger and better by far..</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">A parallel restaurant chain has also <a href="http://hakkasangroup.com/about/">rolled out</a> across the US and beyond and the brand is now extending into a <a href="http://nuraiislandvillas.com/nurai-island-information/about-the-developer/">global portfolio of luxury hotels</a> – all mega investments since the crash period of 2010.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">And the spending has not been restricted to venues – much of the
gossip around Hakkasan has been on the subject of the eye-popping fees
being paid by the group to its ‘cult’ DJs, whom it alleges are the
terrific draw bringing custom into their clubs.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">A record spinner named Calvin Harris, who happens to be an old friend
of Moffitt, has been signed up for a reported $400,000 a night to
perform at the Omnia Club, forming just one of a team of DJs who are
being paid what would appear to be unnecessarily enormous fees for the
skill set involved.</span></div>
<div style="text-align: justify;">
<br /></div>
<div class="wp-caption aligncenter" id="attachment_27819" style="width: 750px;">
<img alt="Calvin in action - $400k a night" class="size-large wp-image-27819" data-file-id="8627" height="225" src="http://i3.sarawakreport.org/b/f/0/c/8/bf0c8ff9ee38abc4dbfbf698666d549d758a91f3.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Calvin in action – $400k a night</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">The names include promoted ‘icons’ such Afrojack, Chuckie, Oliver Heldens, Nicky Romero and Showtek, all paid astonishing sums.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">The question on several lips therefore is why is the chain relaxed
about paying so much more than it logically needs to for such services –
in other words who are the shareholders behind the nightclub industry’s
biggest splash in years and why are they so keen on flushing their
money through these clubs?</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<h3 style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><strong>Tasameem</strong></span></span></h3>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">Moffitt has proved highly non-committal on the matter of who owns the
company which owns Hakkasan and its related businesses. According to
the UK Telegraph:</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span><blockquote>
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">He is cagey about Hakkasan’s financiers, however. When
pressed for details of shareholders or any of the company’s recent
fundraising activities, he simply says: “Hakkasan is a private company
based out of Abu Dhabi,” although he does say that he has skin in the
game himself. “I’m very invested in the business.” [<a href="http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11314523/Hakkasan-boss-eyes-15-openings-as-megaclubs-empire-expands.html">Telegraph Dec 2014]</a></span></span></blockquote>
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">There is of course the widespread legend about how one of Abu Dhabi’s
royal figures Sheikh Mansour (owner of Man City) enjoyed a Chinese meal
at the original Hakkasan restaurant in London’s fashionable
Knightsbridge and promptly <a href="http://www.internationallawoffice.com/Deals/Detail.aspx?g=36b1cac7-ee1a-4a72-afbc-b44052d692cf">bought out</a> the restaurant and launched the brand.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div class="wp-caption alignleft" id="attachment_27821" style="width: 400px;">
<img alt="Owner of Man United - is Mansour also behind Hakkasain?" class="size-medium wp-image-27821" data-file-id="8628" height="302" src="http://i3.sarawakreport.org/7/0/5/2/9/7052943b8f6e6afa6cebf92c8f68548ea7f0f888.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Owner of Man City – is Mansour (front left) also behind Hakkasan?</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Mansour was Khaddem’s boss as the Chairman of the International
Petroleum Investment Fund and is popularly understood to have been the
big money behind parallel private enterprises also headed by Al Qubaisi.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">However, Chinese cuisine in Knightsbridge is one thing. The bare
flesh, booze and bawdiness of the nightclub scene in the world’s
premiere gambling capital Las Vegas is quite another.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Has a member of Abu Dhabi’s conservative ruling family really sponsored this mass investment in ‘Sin City’ and beyond?</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: Verdana,sans-serif;">
</span><div class="wp-caption alignright" id="attachment_27822" style="width: 284px;">
<img alt="Club scene - Al Qubaisi" class="size-medium wp-image-27822" data-file-id="8629" height="400" src="http://i2.sarawakreport.org/e/e/b/e/2/eebe2d1adad29f6051d747f2e2dd0db661c838ac.jpg" width="284" /><div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Club scene – Al Qubaisi</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Or is Tasameem a more personal enterprise on the part of the club-addicted KAQ, whose <a href="http://www.sarawakreport.org/2015/03/why-did-jho-lows-company-good-star-limited-pay-aabars-top-executive-khadem-al-qubaisi-usd20-75-million/">double life </a>we revealed shortly before his retirement from the sovereign wealth business earlier this year?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">If so, how did Mr Al Qubaisi come to amass so much personal wealth?</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>Sultan of San Trop</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">There seems little doubt that much of the conspicuous consumption by KAQ is indeed entirely personal.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Not only are the properties in the US indicative, but our research
has unearthed an extraordinary accumulation of wealth and assets also
across Europe, most particularly in his favoured watering hole in the
South of France, home to the favourite discotheques and yachting marinas
of the super-rich.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Al Qubaisi is a famed fixture of the party scene in the Cote d’Azure
and San Tropez with a string of properties in the region and also
apartments in Paris.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_27823" style="width: 400px;">
<img alt="KAQ's pink Bugatti - personally branded in Cote d'Azure" class="size-medium wp-image-27823" data-file-id="8630" height="203" src="http://i2.sarawakreport.org/2/6/7/4/f/2674ff675404a4a07aaf2c7d90a92dab3eae36d8.jpg" width="400" /><div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">KAQ’s pink Bugatti – personally branded in Cote d’Azure</span></span></div>
<div class="wp-caption-text" style="text-align: justify;">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">His fleet of fast cars, including two Bugatti’s emblazoned with his
personal brand of KAQ hang outside his pad at Boulevard Croisette in
Cannes.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Property companies in France, lined up under the names of SCI KAQ 1,
SCI KAQ 2, 3, 4, and 5 also represent his ownership of several high-end
apartments in Av Vaquerie, Av Montaigne, Av Lena, E. Reclus and Val de
Pons in Paris.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Our researches indicate that a number of other companies under his
encompassing VASCO Trust own a Formula One car, a jet, an interest in
one of the world’s larges yachts (Topaz) and various other items of real
estate interests<a href="http://www.sarawakreport.org/2015/09/the-real-wolves-of-wall-street-the-boys-from-aabar-and-their-friends-from-malaysia-exclusive-investigation/"> in Spain and elsewhere</a>, all managed by his bankers Edmond de Rothschild, Luxembourg.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_27824" style="width: 400px;">
<img alt="Money means power in France" class="size-medium wp-image-27824" data-file-id="8631" height="198" src="http://i1.sarawakreport.org/d/7/c/6/4/d7c640fa1085c6f1066b637590275786def33a98.jpg" width="400" /><div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Money means power in France</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Khadem’s conspicuous wealth in France has given him apparent clout in
the highest circles, according to our information, with rumours of an
influential relationship with the former president and now once again
presidential candidate Nicolas Sarkozy.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Just last February, before Al Qubaisi was removed from his posts in
Abu Dhabi, Sarkozy caused anger amongst party supporters in France by <a href="http://www.lemonde.fr/politique/article/2015/02/05/nicolas-sarkozy-le-ni-ni-vu-d-abou-dhabi_4570180_823448.html">flying to UAE</a> during a critical political moment, in order to attend an IPIC meeting headed by Al Qubaisi.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Sarkozy was alleged by the press to have been well-paid for his pains
and with politicians looking for financial backers for the up-coming
election, Al Qubaisi is clearly regarded as a man with powerful
connections in France.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>More on the Tasameem mystery</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_27766" style="width: 400px;">
<img alt="Key role - Edmond de Rothschild Banque Privee in Luxembourg" class="size-medium wp-image-27766" data-file-id="8607" height="236" src="http://i2.sarawakreport.org/a/8/0/1/2/a801288063b2dbc84cce9c63c09efafba42c35be.jpg" width="400" /><div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Key role – Edmond de Rothschild Banque Privee in Luxembourg</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">With regard to the source of such spending power, Sarawak Report has researched further interesting evidence.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">According to documents accessed by this site, Qubaisi’s private
Luxembourg bank, Edmond de Rothschild, has specified him to be the “sole
ultimate beneficial owner” of a number of off-shore legal entities
managed by them.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The list includes a company named Tasameen (sic) Investment SA in the BVI.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This revelation begs the question whether this off-shore company
might in fact be the ultimate beneficial owner of the Abu Dhabi owner of
the Hakkasan chain, because a strange tangle of names has only caused
further confusion about this matter which Moffitt has been so reluctant
to clarify.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">After all, when the London based Hakkasan restaurant was originally
bought up to launch the brand in 2008, reports indicated that, far from
being a private investment by Sheikh Mansour or anyone else, this was a
purchase by the Abu Dhabi government owned Investment Authority ADIA,
through its known property arm ‘Tasameem':</span></div>
<div style="text-align: justify;">
<br /></div>
<div class="wp-caption aligncenter" id="attachment_27825" style="width: 750px;">
<img alt="Tasameem is the property investment arm of ADIA " class="size-large wp-image-27825" data-file-id="8632" height="264" src="http://i0.sarawakreport.org/4/1/4/e/7/414e7b015a3acf4b0e649f1636a3822e4754c5a1.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Tasameem is the property investment arm of ADIA</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Tasameem is indeed registered as a property investment subsidiary of ADIA, however Hakkasan does <a href="http://www.swfinstitute.org/fund/oldfundpages/adiaold.php">not appear to number</a> amongst its listed acquisitions.</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: Verdana,sans-serif;">
</span><div class="wp-caption alignleft" id="attachment_27832" style="width: 400px;">
<img alt="Who was the real sponsor? ADIA or Tasameem Real Estate LLC" class="size-medium wp-image-27832" data-file-id="8638" height="283" src="http://i1.sarawakreport.org/1/3/f/d/f/13fdfff1cb46e853e79f15de68994f94af4c841b.jpg" width="400" /><div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Tasameem Real Estate LLC hired Arabtec, an Aabar company, to build P17</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Research shows on the other hand that there is an entirely separate
private company in Abu Dhabi operating under the very similar name of
Tasameem Real Estate LLC, which although it is closely connected to
Khadem Al Qubaisi (who is the Chairman) has no link whatsoever with ADIA
or any of Abu Dhabi’s sovereign wealth funds, such as Aabar or IPIC.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Tasameem Real Estate LLI is an extremely big player in terms of
investment in the gulf and it is clear that this is the company which
owns Hakkasan and not the ADIA sovereign wealth fund, as was
misleadingly understood to be the case.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It is a distinction that the Hakkasan chain’s own website makes abundantly clear:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“Hakkasan Group is owned by Tasameem Real Estate LLC, an Abu Dhabi-based investment company”. [<a href="http://hakkasangroup.com/about/">Hakkasan website]</a></span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">We therefore ask is this company chaired by Khadem Al Qubaisi in any
part a subsidiary of the BVI company Tasameen Investment SA owned by
Khadem Al Qubaisi, or is it owned in any part by Sheikh Mansour who is
widely considered to be the ‘real money’ behind Khadem’s private
ventures?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The answer can in fact be found thanks to a Tampa Florida court case (see below).</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>Still big in the Gulf</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_27828" style="width: 400px;">
<img alt="KAQ is Chair of 1st Energy Bank, whose largest shareholder is Tasameem" class="size-medium wp-image-27828" data-file-id="8635" height="189" src="http://i3.sarawakreport.org/3/0/d/0/b/30d0b050dce13c0552730723d0282755f45b7702.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">KAQ is Chair of 1st Energy Bank, whose largest shareholder is Tasameem</span></span></div>
<div class="wp-caption-text">
<br /></div>
</div>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Tasameem Real Estate LLC has meanwhile developed considerable
parallel shared interests with Aabar and IPIC over the period in which
Al Qubaisi managed all three companies.</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">These interests in many cases still remain, as does Khadem’s private
role in a number of major concerns identified in the Gulf by Sarawak
Report.</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">For example, Al Quabaisi remains a key player in at least two private banks.</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">He is Chairman of Bahrain’s <a href="http://www.1stenergybank.com/en/about-us/senior-management-eng.html">First Energy Bank</a> (started 2012), whose largest shareholder is again Tasameem Real Estate Company LLC.</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: Verdana,sans-serif;">
</span><div class="wp-caption aligncenter" id="attachment_27827" style="width: 750px;">
<img alt="Is he Chair as the owner of Tasameem or as the representative of the owner of Tasameem?" class="size-large wp-image-27827" data-file-id="8634" height="115" src="http://i2.sarawakreport.org/2/b/2/f/e/2b2fe69a36ae642946a571d297fa03abbfab1547.jpg" width="400" /><div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Is he Chair as the owner of Tasameem or as the representative of the owner of Tasameem?</span></span></div>
<div class="wp-caption-text" style="text-align: justify;">
<br /></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">And he is also the second largest shareholder at the <a href="http://alizzislamic.com/About-us/Overview">Alizz Islamic Bank</a>
in Oman (also founded in 2012) in which he holds a personal 15%
shareholder stake after none other that the sovereign wealth fund he
chaired Aabar (30% stake) and again First Energy Bank (15% stake).</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_27829" style="width: 750px;">
<img alt="Tangle of joint public and private investments managed by KAQ - who took the falls and who took the profits?" class="size-large wp-image-27829" data-file-id="8636" height="182" src="http://i1.sarawakreport.org/d/7/a/7/0/d7a70d6a1a3fa234bcfdb5c0948adce171527c67.jpg" width="400" /><div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Tangle of joint public and private investments managed by KAQ – who took the falls and who took</span></span></div>
<div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">the profits?</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In a separate venture Tasameem Real Estate made major investments in the private jet company <a href="http://www.xojet.com/our-company/news/xojet-completes-fleet-financing/">Xojet in 2008,</a> only to see Aabar take over as the <a href="http://www.arabianbusiness.com/abu-dhabi-s-aabar-invest-20m-in-xojet-of-us-9086.html">major investor in 2010</a>.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The P17 Tower in Dubai was commissioned by Tasameem Real Estate, which then hired Arabtec owned by Aabar to build it.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">These businesses alone indicate a tangled overlap between investments
by the sovereign funds, which Al Qubaisi was tasked with managing
through the State on behalf of his IPIC Chariman Sheikh Mansour and his
private interests through companies like Tasameem.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>Front for Sheikh Mansour? </strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The assumption has always been therefore that Khadem Al Qubaisi has
been managing Mansour’s private investments alongside managing the
public funds he is responsible for and that the money was not his in
either case.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_27714" style="width: 400px;">
<img alt="Santander building - Europe's most valuable real estate complex was secretly being targeted by KAQ." class="size-medium wp-image-27714" data-file-id="8588" height="230" src="http://i0.sarawakreport.org/c/6/f/b/6/c6fb6f65610d5463f5eea6a0c146a7c74f22cb1d.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Santander building – Europe’s most valuable real estate complex was secretly being targeted by KAQ.</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Yet, there is solid evidence that at least some of his major private
ventures have been on his own initiative, which goes a considerable way
towards explaining Al Qubaisi’s private wealth.</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Earlier this week, for example, Sarawak Report <a href="http://www.sarawakreport.org/2015/09/the-real-wolves-of-wall-street-the-boys-from-aabar-and-their-friends-from-malaysia-exclusive-investigation/">reported how a European court battle</a>,
relating to the ownership of Madrid’s Santander Bank Building, has
revealed a similar tangle of public and private Al Qubaisi interests,
with the Aabar fund posing as the major and exposed shareholder in a
loan venture in which Al Qubaisi had also taken a secret private stake.</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Meanwhile, a separate court case in Tampa, Florida has also revealed
the true ownership of Hakkasan’s parent company Tasameem Real Estate
Investment.</span></div>
<span style="font-family: Verdana,sans-serif;">
</span><h3>
<span style="font-family: Verdana,sans-serif;"><strong>How a Florida case outed KAQ</strong></span></h3>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The case, which was brought by an investment broker Capital Trans
International (CTI) against IPIC, Aabar and Tasameem Real Estate
Investment in 2013, cited Khadem Al Qubaisi as the responsible party
controlling all three companies – two of them public wealth funds and
the third entirely private:</span></div>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<blockquote>
<span style="font-family: Verdana,sans-serif;">Tasameem [Real Estate LLC] is private limited liability
company organized under the laws of Abu Dhabi and has its principal
place of business there. The government of Abu Dhabi had no role in the
formation of Tasameem.”</span> </blockquote>
</div>
<blockquote>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">“The Defendants [IPIC, Aabar and Tasameem] are tied together by their shared leadership found in Mr. Khadem Al Qubaisi.” [<a href="http://www.leagle.com/decision/In%20FDCO%2020130215972/CAPITAL%20TRANS%20INTERNATIONAL,%20LLC%20v.%20INTERNATIONAL%20PETROLEUM%20INVESTMENT%20COMPANY">Florida Middle Court</a>]</span></div>
</blockquote>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Much of the subsequent court battle (which was eventually dismissed
as being outside of Florida jurisdiction) then focused on CTI’s
insistence on knowing who were the beneficial owners of Tasameem Real
Estate LLC in the face of Al Qubaisi’s reluctance to provide that
information.</span></div>
<br />
<span style="font-family: Verdana,sans-serif;">
</span><div class="wp-caption alignright" id="attachment_27731" style="width: 400px;">
<img alt="Al Qubaisi's legendary fondness for the fast life appears to have heightened the appeal of investing in clubs" class="size-medium wp-image-27731" data-file-id="8598" height="257" src="http://i1.sarawakreport.org/1/c/d/a/5/1cda539099d39d8cf34acb440b1061a17e0dd2c4.jpg" width="400" /><div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Al Qubaisi’s legendary fondness for the fast life appears to have heightened the appeal of investing in clubs</span></span></div>
</div>
<div style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The court eventually commanded that the ownership documents should be
produced, revealing none other than Khadem Al Qubaisi himself and a
partner by the name of Saeed Mohd Butti Khalfan Al Qebaisi, an apparent
relative, as the two partners behind the company.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">There is no reference to Sheikh Mansour, which dispels all rumours
that the big money behind the Vegas nightclub boom belongs to him!</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">However, this confirmation of his direct ownership of the Haakasan
chain intensifies the mystery as to how Qubaisi, who is now with Jho Low
at the centre of Malaysia’s 1MDB/IPIC missing money mystery, got to be
so extremely rich?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption aligncenter" id="attachment_27838" style="width: 750px;">
<img alt="Private partnership for KAQ, but no involvement of the Abu Dhabi Sheikh Mansour" class="size-large wp-image-27838" data-file-id="8642" height="393" src="http://i2.sarawakreport.org/6/f/4/c/9/6f4c9b84d8772a171b7d4c55cc5a86dff32b8114.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Private partnership for KAQ, but no involvement of the Abu Dhabi Sheikh Mansour</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><h3>
<span style="font-family: Verdana,sans-serif;"><strong>Barclays deal began the rise to riches?</strong></span></h3>
<span style="font-family: Verdana,sans-serif;">
</span><div class="wp-caption alignleft" id="attachment_27840" style="width: 189px;">
<img alt="Amanda Staverley, the successful investment advisor in the Gulf who was friendly with KAQ" class="size-medium wp-image-27840" data-file-id="8643" height="400" src="http://i0.sarawakreport.org/8/c/3/5/f/8c35f7fdce62c5e3709331b539d7edcee27b1d09.jpg" width="189" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Amanda Staveley – popular investment advisor in the Gulf who was friendly with KAQ</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">According to researches by Sarawak Report Khadem’s first steps into
the category of personal super-wealth took place as a result of the
highly controversial Barclays rescue deal conducted during the 2008
financial crash.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The British bank was trying to avoid a government bail out and sold shares worth £3.5 billion apparently to Sheikh Mansour.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The deal was orchestrated by a close personal friend of Khadem Al
Qubaisi of the time, Amanda Staverley – he was then CEO of IPIC with
Chairman Sheikh Mansour as his boss.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">There has been considerable confusion as to whether it was Mansour or
IPIC which actually put up the intial risk with the investment.
However, in the <a href="http://www.euromoney.com/.../Revealed-The-truth-about-Barclays-and-the-Ab...">outcome it was stated</a>
that the investor was not IPIC (as had originally been reported by
Barclays) but Mansour, who then profited personally to the tune of £3.1
billion on re-selling the shares a few months later.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“Khadem became the golden boy after the Barclays deal and nobody could question him” <em>observes one Middle East writer</em>,
“but look at all his subsequent investments at Aabar, they were all
boys toys [cars, jets, space ventures] and they lost a lot of money”</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The Barclays deal, which was managed by Staveley and Al Qubaisi, has
been subjected to investigation by the UK serious fraud office, not only
with regard to the reporting irregularities but also the complaint by
shareholders that an enormous and unusual commission of £110 million had
also been written into the deal to be paid upfront to the investor,
nominally Sheikh Mansour.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_27841" style="width: 268px;">
<img alt="The Hakkasan nightclub look" class="size-medium wp-image-27841" data-file-id="8644" height="400" src="http://i1.sarawakreport.org/d/2/f/d/7/d2fd7aba23fea52f30abd3b93dd075830a15dce7.jpg" width="268" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">The Hakkasan nightclub look</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">There appeared to be no reason to write this commission into an already highly profitable opportunity for the Sheikh.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Investigations, by the magazine Euromoney have subsequently shown
however that the shares in Barclays were in fact held by a series of off
shore companies, PCP Gulf Invest 1, 2 and 3 that had been incorporated
by Staverley and then placed under the sole ownership of Khadem al
Qubaisi’s own company KAQ Holdings.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Euromoney also concludes from the documents that all of the questionable £110 million ‘commission’ on the deal was “<em>divided
up on a rough-and-ready basis between Sheikh Mansour’s associates and
advisers… Staveley; Khadem Al Qubaisi; Al Jassim; and one Said” </em>managed under the control of Al Qubaisi’s company.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Gulf observers have told Sarawak Report that this apparent windfall
produced the first sign that KAQ had started to obtain real wealth.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">However, it was only later in 2012 that the wealth fund manager started spending really serious money on properties and nightclubs.</span></div>
<div style="text-align: justify;">
<br /></div>
<br />
<br />
<br />
<br />
<br />
<br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"></span><span style="font-family: Verdana,sans-serif;">Investigators looking into the huge sums of money that went missing
from the 1MDB/ Aabar bond deals between 2012 and 2013 and how Aabar and
IPIC’s various loss making ventures may have tied in with private deals
orchestrated by Khadem, may eventually shed light for those seeking to
understand how it can be that Mr Moffitt’s spending spree in the global
entertainment business ultimately appears to be funded by Khadem Al
Qubaisi.</span></div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;"></span></span><div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_27842" style="width: 269px;">
<img alt="Hakkasan Vegas" class="size-medium wp-image-27842" data-file-id="8645" height="400" src="http://i1.sarawakreport.org/d/9/0/6/0/d90608a7c4b5b3d134a524adb8c254c6decb62df.jpg" width="269" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Hakkasan Vegas</span></span></div>
<div class="wp-caption-text">
<br /></div>
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;"><b><span style="font-size: small;">SARAWAK REPORT </span></b></span></span></div>
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;"><br /></span></span></div>
</div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-91082201468748571622015-09-22T19:25:00.000+08:002016-01-21T16:13:37.303+08:00Will The Malaysian Kleptocrat PM & His Gang Of Thieves Finally Be Brought To Justice?<div dir="ltr" style="text-align: left;" trbidi="on">
<img alt="Confirmed - US Authorities Have Investigated 1MDB Since March" class="top-image" src="http://i1.sarawakreport.org/d/0/0/5/c/d005c0951a7f803975102a4b387338dfc9526d40.jpg" height="240" width="400" />
<br />
<h1>
<span style="font-size: large;"><a href="http://www.sarawakreport.org/2015/09/confirmed-us-authorities-have-investigated-1mdb-since-march/" target="_blank"><span style="font-family: "verdana" , sans-serif;">Confirmed - US Authorities Have Investigated 1MDB Since March</span></a></span></h1>
<span style="font-size: large;"><a href="http://www.sarawakreport.org/2015/09/confirmed-us-authorities-have-investigated-1mdb-since-march/" target="_blank"><span style="font-family: "verdana" , sans-serif;">
</span></a></span>
<br />
<h4 class="datestamp">
<span style="font-size: large;">
</span><span style="font-size: small;"><span style="font-family: "verdana" , sans-serif; font-size: x-small;">22 Sep 2015</span></span></h4>
<h4 class="datestamp">
<span style="font-size: small;"><span style="font-family: "verdana" , sans-serif; font-size: x-small;">(Reproduced with permission) </span></span></h4>
<span style="font-family: "verdana" , sans-serif;">
</span>
<br />
<div class="wp-caption alignright" id="attachment_27751" style="width: 260px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Welcome to America Mr Prime Minister" class="size-full wp-image-27751" data-file-id="8601" src="http://i1.sarawakreport.org/5/1/a/4/4/51a4499f41f696c6fa3d4653d65a00c9a7787501.jpg" height="194" width="260" /></span><br />
<div class="wp-caption-text">
<span style="font-family: "verdana" , sans-serif; font-size: x-small;">Welcome to America Mr Prime Minister</span></div>
</div>
<span style="font-family: "verdana" , sans-serif;">
</span>
<br />
<div style="text-align: justify;">
<br />
<span style="font-family: "verdana" , sans-serif;">Following media reports in the United States, Sarawak Report can
confirm that this news site handed over extensive data about 1MDB to a
joint US investigation team back in March.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">It means that the development fund and its prime fixer Jho Low, who
holds American citizenship, have been under the scrutiny of US law
enforcers for several months, during which time Low has posed as one of
the country’s most generous philanthropists sitting on numerous boards,
including that of the <a href="http://http//WWW.UNFOUNDATION.ORG/NEWS-AND-MEDIA/PRESS-RELEASES/2015/PARTNERS-ANNOUNCE-COLLABORATION-GLOBAL-DEVELOPMENT-GOALS.HTML">UN Foundation</a> and <a href="http://www.jho-low.com/board-appointments/">National Geographic</a>.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The law enforcement team, which travelled to London to collect the
material, included staff from the Department of Justice’s Kleptocracy
Asset Recovery Department and members of the FBI.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption alignleft" id="attachment_27752" style="width: 400px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Jho Low and celebrity pals in the US" class="size-medium wp-image-27752" data-file-id="8602" src="http://i1.sarawakreport.org/9/e/b/c/b/9ebcb71ba16f2180994b904925f88bf97d27e258.jpg" height="267" width="400" /></span><br />
<div class="wp-caption-text">
<span style="font-family: "verdana" , sans-serif; font-size: x-small;">Jho Low and celebrity pals in the US</span></div>
</div>
<span style="font-family: "verdana" , sans-serif;">
</span>
<br />
<div style="text-align: justify;">
<br />
<span style="font-family: "verdana" , sans-serif;">Sarawak Report has also provided similar data to the UK authorities and the Swiss authorities in recent days and weeks.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">However, we can confirm we have received no such requests from the
Malaysian authorities, who have chosen instead to incorrectly accuse
Sarawak Report of failing to report the matter to the forces of law and
order.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Much of the documentation received by the US and other jurisdictions
relates to the 1MDB PetroSaudi joint venture set up in 2009 and it was
originally provided by the Swiss national Xavier Justo, who is currently
jailed in Thailand owing to denunciations against him by former
PetroSaudi colleagues involved in the deal.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_27753" style="width: 200px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="PetroSaudi Director Patrick Mahony went to Thailand to denounce Justo for spilling the beans" class="size-thumbnail wp-image-27753" data-file-id="8603" src="http://i2.sarawakreport.org/6/c/6/a/3/6c6a3df33dfc82c91fff3dba76e04d8fda8a9fb4.jpg" height="200" width="200" /></span><br />
<div class="wp-caption-text">
<span style="font-family: "verdana" , sans-serif; font-size: x-small;">PetroSaudi Director Patrick Mahony went to Thailand to denounce Justo for spilling the beans</span></div>
</div>
<span style="font-family: "verdana" , sans-serif; font-size: x-small;">
</span>
<br />
<div style="text-align: justify;">
<br />
<span style="font-family: "verdana" , sans-serif;">These individuals, currently themselves walking free, include the
London based PetroSaudi directors Patrick Mahony and Timothy Buckland.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Neither of these men nor Jho Low have attempted to take legal action
against Sarawak Report, despite their accusations of fraudulent
reporting.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Together with Malaysian officials and UMNO media outlets, PetroSaudi
have instead concentrated in recent weeks on their attempts to discredit
Justo and their allegations that Sarawak Report ‘tampered’ with the
evidence and supposedly ‘doctored’ documents.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Despite the complete lack of evidence behind such allegations, the
Malaysian Government has responded by banning Sarawak Report, issuing an
arrest warrant and attempting to place its editor on the Interpol Red
Notice list.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">However, these aggressive tactics have started to unravel just as the
Prime Minister has set off on his first international tour since the
1MDB crisis struck his administration.</span></div>
<span style="font-family: "verdana" , sans-serif;">
</span>
<br />
<div class="wp-caption alignleft" id="attachment_27754" style="width: 400px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Vindicated by the Malaysian High Court The Edge Editor Ho Kay Tat saw the Home Ministry ban lifted yesterday" class="size-medium wp-image-27754" data-file-id="8604" src="http://i1.sarawakreport.org/d/8/f/2/c/d8f2ccc7d8e6cb409affa239df999ed1b3532bb3.jpg" height="267" width="400" /></span><br />
<div class="wp-caption-text">
<span style="font-family: "verdana" , sans-serif; font-size: x-small;">Vindicated by the Malaysian High Court – The Edge Editor Ho Kay Tat</span></div>
</div>
<span style="font-family: "verdana" , sans-serif; font-size: x-small;">
</span>
<br />
<div style="text-align: justify;">
<br />
<span style="font-family: "verdana" , sans-serif;">Yesterday, The Edge newspaper, which also received copies of Justo’s
material and reached the same conclusions as Sarawak Report about the
missing billions of ringgit siphoned out by Jho Low, was yesterday
vindicated by the Malaysian High Court, which ordered the Home Ministry
ban on the newspaper should be lifted.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">And Najib Razak now finds himself flying into New York amidst
widespread reports that he is being investigated over PetroSaudi and
also the US$681 million, which Sarawak Report revealed had been paid
into his personal account just before the last election.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Najib’s 1MDB dealings with <a href="http://www.sarawakreport.org/2015/08/was-aabars-khadem-al-qubaisi-connected-to-your-secret-donation-prime-minister/">Goldman Sachs</a>
are also a major target for US investigators, after the US bank set
eyebrows rising over the unusually high rates for money it raised for
their Malaysian client.</span></div>
<span style="font-family: "verdana" , sans-serif;">
</span>
<br />
<div class="wp-caption alignright" id="attachment_27755" style="width: 314px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Wanted in Malaysia, living in luxury in New York. 1MDB's Jasmine Loo has been found!" class="size-medium wp-image-27755" data-file-id="8605" src="http://i1.sarawakreport.org/d/8/6/0/0/d86007b2543d010216d4275c062079b37109c8bf.jpg" height="400" width="314" /></span><br />
<div class="wp-caption-text">
<span style="font-family: "verdana" , sans-serif; font-size: x-small;">Wanted in Malaysia, living in luxury in New York. 1MDB’s Jasmine Loo has been found!</span></div>
</div>
<span style="font-family: "verdana" , sans-serif; font-size: x-small;">
</span>
<br />
<div style="text-align: justify;">
<br />
<span style="font-family: "verdana" , sans-serif;">And in yet a further development, the New York Times has <a href="http://www.nytimes.com/2015/09/22/world/asia/malaysias-leader-najib-razak-faces-us-corruption-inquiry.html?_r=0">revealed</a>
that its journalists have tracked down one of the key witnesses hunted
by Malaysia’s Bank Negara to assist in their own investigation into
1MDB’s missing billions.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Jasmine Ai Swan Loo was originally identified by <a href="http://www.nytimes.com/2015/09/22/world/asia/malaysias-leader-najib-razak-faces-us-corruption-inquiry.html?_r=0">Sarawak Report </a>as
a key player in so-called Project Uganda, the operation orchestrated by
Jho Low to channel money out of 1MDB and through PetroSaudi in order to
buy up Taib Mahmud’s family concern UBG group.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Bank Negara subsequently placed wanted notices to interview her and
her colleague at 1MDB Casey Tan, as well as Jho Low’s key lynch pin at
UBG, 1MDB and SRC International, Nik Ariff Faisal Aziz – however, all
had gone missing from Malaysia.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">The New York Times have now tracked down Jasmine to a swanky
apartment right under their noses in East 22nd Street, purchased in 2014
for an impressive $4.5 million.</span></div>
<span style="font-family: "verdana" , sans-serif;">
</span>
<br />
<div class="wp-caption aligncenter" id="attachment_27756" style="width: 400px;">
<span style="font-family: "verdana" , sans-serif;"><img alt="Found one - Jasmine is hiding in New York!" class="size-medium wp-image-27756" data-file-id="8606" src="http://i0.sarawakreport.org/0/e/7/0/a/0e70a1db3dda53d297b8da22d46c5abe5ff1d9e4.jpg" height="266" width="400" /></span><br />
<div class="wp-caption-text">
<span style="font-family: "verdana" , sans-serif; font-size: x-small;">Found – Jasmine is hiding in New York!</span></div>
</div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif; font-size: x-small;">
</span></div>
<div style="text-align: justify;">
<br />
<span style="font-family: "verdana" , sans-serif;">Working at 1MDB has clearly provided rewards for the inner circle of
now wanted officials, despite the huge losses of public money sustained
by the fund.</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">Perhaps Najib Razak could assist the remaining 1MDB enquiry by asking
the New York cops to pick Jasmine up, so he can bring her back with him
to face questioning in Malaysia?</span></div>
<div style="text-align: justify;">
<span style="font-family: "verdana" , sans-serif;">
<b> </b></span><br />
<span style="font-family: "verdana" , sans-serif;"><b>[Sarawak Report remains Malaysia’s only banned website,
accused on similar grounds to The Edge of “disseminating false
information”. As the judge pointed out in the case of The Edge, no
examples have been provided by the Home Minister as to which
‘inaccuracies’ they are referring to as the basis for their ban and we
conclude that it is likewise an illegal restriction that has been
imposed on our site. Pending any appeal the restriction should therefore
be lifted immediately in line with the judgement in Malaysia’s own High
Court ruling].</b></span><br />
<br />
<span style="font-family: "verdana" , sans-serif;"><b>Sarawak Report</b></span><br />
<span style="font-family: "verdana" , sans-serif;"><b><br /></b></span></div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-42904119709442660172015-09-07T08:28:00.002+08:002015-09-07T08:28:34.983+08:00The Mastermind Behind The Mastermind?<div dir="ltr" style="text-align: left;" trbidi="on">
<b></b><br />
<h1>
<span style="font-size: large;"><span style="font-family: Verdana,sans-serif;">Larry Low On List Of Frozen Swiss Accounts! - EXCLUSIVE</span></span></h1>
<span style="font-size: large;"><span style="font-family: Verdana,sans-serif;">
</span></span><h4 class="datestamp">
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">5 Sep 2015</span></span></h4>
<h4 class="datestamp">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">(Reproduced with permission) </span></span></h4>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><div class="wp-caption alignright" id="attachment_27432" style="width: 400px;">
<img alt="Swiss account frozen over 1MDB connections - Larry Low Hock Peng, Jho Low's Dad." class="size-medium wp-image-27432" data-file-id="8505" height="310" src="http://i1.sarawakreport.org/5/7/2/c/8/572c8a26e0f927fbe594fbaf5a91f9fdbf326f82.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Swiss account frozen over 1MDB connections – Larry Low Hock Peng, Jho Low’s Dad.</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">A shocking new line of enquiry has emerged, following the freezing of
1MDB related accounts by the Swiss authorities last week, Sarawak
Report has learned.</span></div>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">We are reliably informed that one of several individuals whose
accounts have been frozen is Larry Low Hock Peng, the father of the
billionaire youth tycoon, Jho Low.</span></div>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The sums involved were described by the Swiss Attorney General office
as ‘several tens of millions’ of dollars in its official
statement. However, we have been told they in fact total hundreds of
millions.</span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Larry Low has long been regarded as a key lynch pin behind his twenty
something son’s stellar rise, thanks to Jho’s close connections with
school pal <a href="http://www.sarawakreport.org/2013/12/wall-street-greed-malaysian-money-expose/">Riza Aziz,</a> who brought him into the Najib/Rosmah household from an early age.</span></div>
<br />
<div class="wp-caption alignleft" id="attachment_27482" style="width: 267px;">
<img alt="The Low brothers (left Jho, right Szen) manage Jynwel Capital, the investment tool of billionaire playboy Jho Low - however Larry has also tied into their business interests." class="size-medium wp-image-27482" data-file-id="8521" height="400" src="http://i0.sarawakreport.org/c/a/4/f/b/ca4fbdfd4887889bac0f34051fb29bb3b215a446.jpg" width="267" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">The
Low brothers (left Jho, right Szen) manage Jynwel Capital, the
investment tool of billionaire playboy Jho Low – however Larry has also
tied into their business interests.</span></span></div>
</div>
<br />
<span style="font-family: Verdana,sans-serif;">Larry’s other son<a href="http://www.bloomberg.com/research/stocks/private/person.asp?personId=213829032&privcapId=142840419"> Szen Low</a> is also heavily connected with his brother’s business in his role as Group Managing Director of the family firm <a href="http://www.jynwelcapital.com/">Jynwel Capital</a>.</span><br />
<span style="font-family: Verdana,sans-serif;">
</span><h3>
<span style="font-family: Verdana,sans-serif;"><strong>Trail from Good Star Limited</strong></span></h3>
<span style="font-family: Verdana,sans-serif;">
</span><div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Investigators believe that Larry Low formed part of the trail for
money originally siphoned out of 1MDB in its first joint venture deal
with PetroSaudi back in 2009.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">US$700 million was removed from the initial US$1 billion investment
by 1MDB, under the guise that it was a repayment of a loan by PetroSaudi
to its joint venture subsidiary.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">That money first went to the company Good Star Limited and was paid
into an account opened on the day after the deal at RBS Coutts bank in
Zurich.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">A further US$330 million was paid into Good Star in 2011, according to investigation documents released by Sarawak Report<a href="http://www.sarawakreport.org/2015/04/further-usd330-million-went-straight-to-jho-lows-good-star-from-1mdb-new-exclusive/"> in April </a>and
documents from PetroSaudi also suggest that US$160 million more was
paid into Good Star as part of a Muharaba loan to PetroSaudi in
September 2010.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This produces a total sum of US$1.29 billion that initially came into the Coutts Zurich Good Star bank account.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div class="wp-caption alignright" id="attachment_27485" style="width: 400px;">
<img alt="The brothers are joint stars in glitzy corporate videos for Jynwel" class="size-medium wp-image-27485" data-file-id="8523" height="250" src="http://i2.sarawakreport.org/a/f/e/8/b/afe8b76b6002d7dea2aa8c6bca9effa604f51be1.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">The brothers are joint stars in<a href="https://www.youtube.com/watch?v=hn7KVGTrspU&spfreload=10"> glitzy corporate videos</a> for Jynwel</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">1MDB and PetroSaudi have subsequently attempted to allege that Good Star was owned by PetroSaudi.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">However, Sarawak Report has strong evidence that the real controller was Jho Low himself.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Likewise, although Low has always denied he had anything to do with 1MDB or its PetroSaudi joint venture,<a href="http://www.sarawakreport.org/2015/02/heist-of-the-century-how-jho-low-used-petrosaudi-as-a-front-to-siphon-billions-out-of-1mdb-world-exclusive/"> extensive documents</a> in our possession prove that he was the mastermind behind the joint venture between the two companies.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Crucial evidence from investigations in Singapore, also released by Sarawak Report <a href="http://www.sarawakreport.org/2015/04/half-a-billion-usd-was-transferred-from-good-star-to-jho-lows-bsi-singapore-account-major-exclusive/">last April</a>, has
confirmed the Good Star connection with Low and proved money that came
from Good Star subsequently flowed into Jho Low’s personal accounts.</span></div>
<br />
<span style="font-family: Verdana,sans-serif;">
</span><div class="wp-caption alignright" id="attachment_27484" style="width: 650px;">
<img alt="Money transfers from Good Star Zurich to Jho Low's beneficially owned ADMIC account in BSI Singapore" class="size-full wp-image-27484" data-file-id="8522" height="114" src="http://i3.sarawakreport.org/3/6/2/1/d/3621d1ca7a1c1bb5dc8061ae84a51c742c8d4a10.jpg" width="400" /><div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Money transfers from Good Star Zurich to Jho Low’s beneficially owned ADKMIC account in BSI Singapore</span></span></div>
</div>
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">
</span></span><br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The Singapore branch of BSI bank has informed the authorities (see
above) that US$530 million (US$ 528,956,027.05) passed from the Good
Star Coutts Zurich account into Jho Low’s own accounts at the bank in a
series of payments after the PetroSaudi deals.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Yet, whilst this evidence proves that Low, 1MDB and PetroSaudi were
lying when they claimed that Jho Low had no involvement or interest in
the joint venture or Good Star, it only accounts for some of the money.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Sarawak Report has now learnt that much of the balance of the US$1.29
billion haul from 1MDB passed into accounts controlled by Jho’s dad
Larry Low in Switzerland.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">That balance amounts to some US$760 million.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><strong>Stellar rise of Jho Low and Larry Low enterprises</strong></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The 700 million dollar question facing investigators, therefore. is
whether Low senior was acting as an intermediary for a third party
recipient of the money?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">If so, what was the final destination for the lion’s share of the
money that was removed from 1MDB in a manoeuvre that has triggered years
of lies and cover-up by the company and by its single signatory and
shareholder, the Finance Minister himself?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It has been widely noted in the business press that Larry Low himself
has transformed his reputation in recent years from being known as a
reasonably successful businessman, able to promote his sons into
advantageous western educations, into a multi-billion dollar player in
his own right.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Jho Low had in earlier articles tended to refer to himself and his
family as relatively modest compared to the high-rollers he was acting
as ‘concierge’ to as part of his business dealings with them.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“I come from a fairly okay family but nowhere as close to
the prominence and wealth levels of the people that I usually spend
time with who also are my very good friends. So generally, I am usually
the concierge service that arranges everything, and thus my name is all
over the place.” [<a href="http://www.thestar.com.my/story/?file=%2f2010%2f7%2f29%2fnation%2f6756730&sec=nation">Star online</a>]</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">These days however the family tend to describe themselves as third
generation billionaires, indicating that Larry’s Dad had already made a
fortune in mining before they settled in Penang and that Larry too has
been turning a second fortune in order to propel Jho into his record
breaking spending around the world’s hotspots.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“In his younger years, before his cancer scare, Jho Low
made headlines as a billionaire party boy. The tabloids gleefully
reported on his love of Cristal, bar tabs in the tens of thousands of
dollars and wild nights on the town with the likes of Paris Hilton, Kim
Kardashian and Usher.</span></blockquote>
<br />
<blockquote>
<span style="font-family: Verdana,sans-serif;">Nowadays the 33-year-old Low, <strong>youngest member of the third generation of one of Malaysia’s wealthiest families</strong> and head of the family’s investment firm, is making news for a completely different reason: his philanthropic donations.” [<a href="http://www.washingtonpost.com/business/on-leadership/why-this-former-billionaire-party-boy-donated-50-million-to-transform-ibms-watson/2015/06/26/a223ee36-9c1f-11e4-bcfb-059ec7a93ddc_story.html">Washington Post]</a></span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">or:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“Like his image. The party animal moniker will probably
stick with Low, now 33, thanks to a night spent clubbing with Paris
Hilton in Saint-Tropez in 2010. … That year Low and his brother, Szen,
set up Hong Kong-registered Jynwel Capital, an advisory firm for the
family’s investments. There clearly is a lot of money to invest. Their
grandfather Low Meng Tak was born in China, immigrated to Malaysia and
then made a fortune mining iron ore and operating liquor distilleries in
Thailand. He later added rubber, cocoa and palm oil plantations in
Malaysia. He also married into a Thai business fortune. Their dad, Low
Hock Peng, or Larry Low, expanded the family’s Asian property holdings
to New Zealand, the U.S. and the U.K” [<a href="http://www.forbes.com/sites/ashleaebeling/2015/02/25/party-in-question-jho-low-turns-to-philanthropy/">Forbes March 2015]</a></span></blockquote>
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This narrative of long-standing great family wealth has tended to
surprise contacts in Penang, who had no inkling till very recently that
the Larry Low family was amongst Malaysia’s richest families.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">One family friend of long standing told Sarawak Report:</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">
</span><blockquote>
<span style="font-family: Verdana,sans-serif;">“My Dad knew Larry’s father and we have known Larry too.
They were millionaires, ringgit millionaires, but by no means dollar
billionaires in the category of one of the richest families in
Malaysia.”</span></blockquote>
<span style="font-family: Verdana,sans-serif;">
For those people who go back with the Lows this sudden story of
long-term super-wealth simply is not the case. To them this re-writing
of the family history is an attempt to disguise a sudden rise to
super-riches linked to the now frozen bank accounts connected to the
1MDB investigation in Switzerland.</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"> </span></div>
<div style="text-align: justify;">
<a href="http://www.sarawakreport.org/2015/09/larry-low-on-list-of-frozen-swiss-accounts-exclusive/" target="_blank"><span style="font-family: Verdana,sans-serif;"><b>SARAWAK REPORT</b></span></a></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><b> </b> </span></div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-3251915364077685172015-09-03T15:28:00.002+08:002015-09-03T15:28:41.972+08:001MDB Still Trying To Mislead?<div dir="ltr" style="text-align: left;" trbidi="on">
<h1>
<span style="font-family: Verdana,sans-serif;"><span style="font-size: small;">"Binding Agreement" Or "Engaged In Discussions"? - 1MDB's Multi-Billion Dollar Muddle</span></span></h1>
<span style="font-family: Verdana,sans-serif;"><span style="font-size: small;">
</span></span>
<h4 class="datestamp">
<span style="font-family: Verdana,sans-serif;">
26 Aug 2015</span></h4>
<div class="icl_post_in_other_langs">
<span style="font-family: Verdana,sans-serif;">(Reproduced with permission)</span></div>
<div class="icl_post_in_other_langs">
</div>
<div class="icl_post_in_other_langs">
<span style="font-family: Verdana,sans-serif;">This post is also available in:
<a href="http://www.sarawakreport.org/ms/2015/08/perjanjian-berikat-atau-sekadar-terlibat-dalam-perbincangan-semata-mata-skandal-multi-billion-1mdb/">Malay</a></span></div>
<div class="icl_post_in_other_langs">
</div>
<div class="wp-caption alignright" id="attachment_27365">
<img alt="Arul Kanda went on TV this month to say IPIC agreement was a "signed" "guarantee"" class="size-medium wp-image-27365" data-file-id="8350" src="http://i3.sarawakreport.org/3/c/6/1/2/3c6127ea0972e5212212e1ae05fc7933c86642b9.jpg" height="301" width="400" /><br />
<div class="wp-caption-text">
<span style="font-family: Verdana,sans-serif;"><span style="font-size: x-small;">CEO
Arul Kanda went on TV this month to say the IPIC agreement was a
“signed” “guarantee” to pay off 1MDB’s debts – now it turns out
discussions are still ongoing</span></span></div>
</div>
<br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The 1MDB bail-out involves billions of dollars (and a growing number
of ringgit each day as the exchange rate plummets) yet the company has
now shed utter confusion about what if anything has been agreed.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">After the sensational story emerged this morning that Abu Dhabi’s
IPIC are minded to extract themselves from a shadowy deal conducted by
fired former CEO Mohammed al-Husseiny to pay off 1MDB’s debts, the
Malaysian development fund issued denials knotted in
self-contradictions.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Singapore’s Business Times had quoted an unnamed source linked to IPIC, who had told the newspaper “<i>The deal is as good as off”.</i></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This brought the rapid ‘denial’ from 1MDB’s own CEO Arul Kanda, who
has been all over the news in recent weeks telling Malaysia that the
bail-out deal was a solid, signed solution to the company’s woes.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">But, the wording of today’s ‘denial’ can only sound alarm bells for
Malaysians worried about 1MDB’s inability to fund its liabilities, now
totalling a shocking US$11 billion:</span></div>
<div style="text-align: justify;">
<blockquote>
<span style="font-family: Verdana,sans-serif;">“We note a speculative article carried by <i>The Singapore Business Times</i> this morning which relies on a conversation with an unnamed source to suggest that <b>1MDB’s binding agreement</b> with IPIC is ‘as good as off'” [<a href="http://www.themalaysianinsider.com/malaysia/article/1mdb-denies-deal-with-ipic-off">stated 1MDB</a>].</span><br />
<span style="font-family: Verdana,sans-serif;"></span></blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">“1MDB strongly denies this unproven allegation and in fact confirm that <b>1MDB remains engaged in discussions with IPIC,</b> to conclude the transaction per the terms as officially announced by IPIC to the London Stock Exchange on June 10 2015,”</span></blockquote>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The statement continued sanctimoniously:</span></div>
<div style="text-align: justify;">
<blockquote>
<span style="font-family: Verdana,sans-serif;">“1MDB is disappointed that a hitherto respectable and licensed publication such as the <i>Singapore Business Times</i> appears
to carry a story based solely on unproven remarks by an unnamed
individual. Such speculative reporting, which has no grounding in the
facts, is clearly unprofessional and unnecessary.”</span></blockquote>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Why should 1MDB, which has a track record of lying and mismanagement,
expect people to accept their ticking off of this “hitherto respectable
publication”, particularly since Kanda’s statement blatantly
contradicts itself?</span></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Either 1MDB has a “binding agreement” with IPIC or the two remain “engaged in discussions” – how can it be both?!</span></div>
<h3 style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><b>A Term Sheet is not an agreement</b></span></h3>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Examination of the evidence plainly reveals the actual situation.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In June the London Stock Exchange published an announcement that the
two companies had signed “a binding term sheet” regarding the proposed
bail out of 1MDB by IPIC.</span></div>
<div style="text-align: justify;">
<br /></div>
<div class="wp-caption aligncenter" id="attachment_27360">
<img alt="A "binding term sheet" is not a binding agreement." class="size-large wp-image-27360" data-file-id="8347" src="http://i1.sarawakreport.org/1/9/1/e/2/191e25509a5363e00def8bdc4cfc609ece82dcb7.jpg" height="158" width="400" /><br />
<div class="wp-caption-text">
<span style="font-family: Verdana,sans-serif;"><span style="font-size: x-small;">A “binding term sheet” is not a binding agreement.</span></span></div>
</div>
<br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">A “binding term sheet” is not “a binding agreement” as Mr Arul Kanda
has so blatantly claimed and as a senior businessman engaged in these
negotiations he must know the technical distinction painfully well.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Our research has clarified that what was announced in June was merely
the standard precursor to an agreement, which needs to be made public
for listed companies.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">A term sheet contains the binding details that are agreed in advance
of further negotiations over whether or not to actually proceed with a
deal under those terms. These terms do not bind either side to actually
sign the agreement, which happens at a later stage.</span></div>
<br />
<div class="wp-caption aligncenter" id="attachment_27361">
<img alt="The publication of the term sheet is only a stage in the preparation for the actual agreement" class="size-large wp-image-27361" data-file-id="8348" src="http://i1.sarawakreport.org/1/e/1/0/1/1e1014cd91ff86e3aa1c90e7995feb140e41b03d.jpg" height="358" width="400" /><br />
<div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">The publication of the term sheet is only a stage in the preparation for the actual agreement</span></span></div>
</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This means that for the last two months and more Mr Arul Kanda has
been going round assuring Malaysians that a bail-out deal had been
achieved for 1MDB, when this was plainly not the case.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In his key <a href="http://www.therakyatpost.com/news/2015/08/13/full-transcript-of-interview-with-1mdb-president-arul-kanda-on-tv3s-soal-jawab-video/">TV ‘tell all’ interview</a> on August 12th Kanda informed audiences that his deal with IPIC had already “guaranteed” 1MDB’s debts:</span></div>
<div style="text-align: justify;">
<blockquote>
<span style="font-family: Verdana,sans-serif;">“In June, 1MDB signed a [term sheet] agreement with IPIC
of Abu Dhabi. IPIC, a company owned by the Abu Dhabi government, is
valued at US$60 billion. And the [term sheet] is for IPIC to take over
1MDB’s debts, which actually have bveen guaranteed by IPIC. The
principal and debts come to about US$3.5 billion.</span></blockquote>
<blockquote>
<span style="font-family: Verdana,sans-serif;">IPIC has also paid US$1 billion, which we have used towards the debt settlement”[<a href="http://www.therakyatpost.com/news/2015/08/13/full-transcript-of-interview-with-1mdb-president-arul-kanda-on-tv3s-soal-jawab-video/">transcript</a>]</span></blockquote>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">What today’s development has now made very clear indeed is that 1MDB
is still in fact in the negotiating phase of this deal with IPIC,
because Kanda has now admitted it:</span></div>
<div style="text-align: justify;">
<blockquote>
<span style="font-family: Verdana,sans-serif;">“…. <b>1MDB remains engaged in discussions with IPIC</b><b>, to conclude the transaction per the terms as officially announced by IPIC to the London Stock Exchange on June 10 2015</b>“</span></blockquote>
</div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">This key sentence confirms that the actual deal is NOT signed or guaranteed, as previously stated and suggested by 1MDB.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It also means that the doubts reported by the hitherto respectable
Singapore Times are entirely possible and probable and indeed far more
reliable than anything announced by 1MDB.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">After all, in the intervening period IPIC has sacked the very CEO who
was the architect of this controversial deal, which is hardly a
comforting sign.</span></div>
<div style="text-align: justify;">
<br /></div>
<div class="wp-caption alignright" id="attachment_27195">
<img alt="OUT - the CEO who negotiated the IPIC deal with 1MDB was sacked last week" class="size-medium wp-image-27195" data-file-id="8305" src="http://i2.sarawakreport.org/2/6/9/a/8/269a860fb15f833871f1e0dfce6af4b486cd7375.jpg" height="400" width="392" /><br />
<div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">OUT – the CEO who negotiated the IPIC deal with 1MDB was sacked last week</span></span></div>
</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Last week <a href="http://www.sarawakreport.org/2015/08/second-sacking-abu-dhabi-dumps-aabars-ceo/">Sarawak Report detailed</a>
why Al-Husseiny’s links to 1MDB can only have provoked extreme concerns
in Abu Dhabi and are therefore the most likely reason he was dismissed
so suddenly.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">For example, it was Al-Husseiny who signed all the controversial
deals between Aabar and 1MDB in 2012/2014 which are now the subject of
global scrutiny.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">He was also the Chairman of the Board of IPIC/Aabar’s Falcon Bank at
the time it processed the US$681 million transfer into Najib Razak’s own
private bank account.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">And it was none other than Al-Husseiny who finally identified himself
as the funder of Najib Razak’s step son Riza’s US$100 million Hollywood
blockbuster, Wolf of Wall Street.</span></div>
<div style="text-align: justify;">
<br /></div>
<div class="wp-caption alignleft" id="attachment_27144">
<img alt="Also OUT - Khadem al Qubaisi was Aabar's controversial Chairman" class="size-medium wp-image-27144" data-file-id="8284" src="http://i0.sarawakreport.org/c/3/2/3/6/c3236deb8285982ef7e6f77fe3a96ec58d80ff2d.jpg" height="305" width="400" /><br />
<div class="wp-caption-text" style="text-align: justify;">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Also OUT – Khadem al Qubaisi was Aabar’s controversial Chairman</span></span></div>
</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Al-Husseiny’s former boss and co-player in the various earlier Aabar
deals with 1MDB, which cost Malaysia so much money, was of course Khadem
al Qubassi, whom IPIC had already sacked in March of this year <a href="http://www.sarawakreport.org/2015/03/why-did-jho-lows-company-good-star-limited-pay-aabars-top-executive-khadem-al-qubaisi-usd20-75-million/">following reports by Sarawak Report</a> on his irregular social and business activities involving Najib Razak’s business proxy Jho Low.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">With both men sacked, who is pushing for this murky deal to be completed at IPIC/Aabar Malaysians are entitled to be asking?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Does Abu Dhabi really wish to become further enmeshed in 1MDB’s
growing list of scandals and financial investigations, involving
regulators across the globe or might they indeed exercise their options
to withdraw from the negotiations on these terms of agreement?</span></div>
<div style="text-align: justify;">
<br /></div>
<div class="wp-caption aligncenter" id="attachment_27366">
<img alt="Clear definitions all explain that term sheets are NOT binding" class="size-medium wp-image-27366" data-file-id="8351" src="http://i2.sarawakreport.org/a/4/4/8/3/a44832f18d7675643902a09673fb325fcc2dadd7.jpg" height="95" width="400" /><br />
<div class="wp-caption-text">
<span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Clear definitions all explain that term sheets are NOT binding</span></span></div>
</div>
<br />
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Abu Dhabi may eventually decide the deal is worth it, despite the
rumours. But the world has learnt today is that the 1MDB bail-out is
not yet a bail-out and it may very well fail.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">We have also learnt that Arul Kanda’s ‘denial’ is actually an
admission and that once again this senior public official has lied on a
crucial matter.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">No one will be very surprised at this deception. In March Kanda was
also forced to retract his statement that 1MDB had US$1.13 billion
stored in cash in BSI bank Singapore, after Sarawak Report <a href="http://www.sarawakreport.org/2015/04/1mdb-presented-false-documents-say-bsi-singapore-exclusive/">exposed a report by the Singapore </a>authorities confirming it was all untrue.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">No wonder hundreds of thousands will be taking to the streets to demand transparency in KL this weekend.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;"><a href="http://www.sarawakreport.org/" target="_blank"><b>Sarawak Report</b></a> </span></div>
<div class="col-md-2 article-right">
<br /></div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-9118160355479463592015-09-03T11:18:00.001+08:002015-09-03T14:36:25.225+08:001MDB: Siapa Kata Sudah Dijawab?<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://www.malaysia-today.net/wp-content/uploads/2015/09/1MDB-book1.jpg"><img alt="1MDB book" class="alignnone size-full wp-image-120048" src="http://www.malaysia-today.net/wp-content/uploads/2015/09/1MDB-book1.jpg" height="237" width="330" /></a><br />
<br />
<span style="color: red;">(Comments by Sarawak Headhunter in red)</span> <br />
<br />
<div style="text-align: justify;">
(The Star) – Allegations on 1MDB ranging from Terengganu oil almost
being used as collateral and Tabung Haji deposits used as a bailout to
claims that investment returns went into controversial businessman Jho
Low’s accounts have all been answered.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: red;">ALL the answers are merely recycled bare denials, as if anyone and everyone must take 1MDB's word for everything. 1MDB has absolutely no credibility left and this book is a feeble attempt at shoring up its rotten foundations.</span> </div>
<br />
<div style="text-align: justify;">
A book titled <i>Siapa Kata Tidak Dijawab</i> (Who Says It’s
Unanswered), in explaining the Terengganu issue, said that in 2009,
discussions between the federal and state governments were held over the
issue of contribution of each party to Terengganu Investment Authority
(TIA) where the initial plan was for it to have a paid-up capital of
RM11bil.</div>
<div style="text-align: justify;">
<br /></div>
Among the plans was for the Government to guarantee the raising of
sukuk worth RM5bil by TIA but the state government eventually decided to
pull out of the deal.<br />
<br />
<div style="text-align: justify;">
“In September 2009, TIA became a federal agency and was renamed 1MDB.
Therefore, there is no issue of 1MDB trying to use the state’s oil and
gas as collateral,” it said.</div>
<br />
<div style="text-align: justify;">
<span style="color: red;">There is no question of using the state's oil and gas as collateral, since these are all vested in Petronas, rightly or wrongly. There was probably a half-cocked idea to use Terengganu's royalty share from oil and gas as collateral or leverage (such as by capitalising future earnings, like Daim did with the future toll revenues of PLUS), thus enabling the immediate "unlocking" of billions of ringgit of future revenue.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: red;">Since the state government, who had rights to the royalty, would have been averse to the idea, having no control over those revenues and potentially losing out in the future, this idea probably had to be aborted.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: red;">So of course now there is no such issue. But it certainly would have been an issue at the time. </span></div>
<div style="text-align: justify;">
<span style="color: red;"> </span> </div>
<div style="text-align: justify;">
The book also explained that the purchase of land by Tabung Haji was
not a bailout, pointing out that discussions to buy a plot of land at
Tun Razak Exchange went on as early as 2013 and that Tabung Haji was
interested as the company wanted to be involved in the development of an
international financial hub.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: red;">What happened to this so-called "international financial hub"? Has that also been aborted or merely waiting for the bailout of 1MDB to take place? Given 1MDB's present dire position, everything that it does which involves other government agencies such as Tabung Haji could rightly be categorized as a bailout, irrespective of the actual intentions of Tabung Haji.</span> </div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
It clarified that Tabung Haji did not buy the lot to develop
“Signature Tower” but had bought a lot – at a discounted price of
RM2,860 per sq foot and located at a prime area in TRX – to develop some
serviced apartments.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: red;">This raises more questions than answers. What has the development of serviced apartments got to to with the avowed interest of wanting "to be involved in the development of an international financial hub"?</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: red;">What price did 1MDB buy the land for? Is the price really at a discount if it is above the current market value?</span></div>
<div style="text-align: justify;">
<span style="color: red;"> </span> </div>
<div style="text-align: justify;">
In the book, it was also denied that any money from 1MDB had gone
into Low’s accounts or that of any third party, after PetroSaudi
returned US$2.318bil to the company which comprised initial investment
of US$1.83bil and US$488mil in revenue.</div>
<br />
<div style="text-align: justify;">
<span style="color: red;">Show then where the money actually went to. Mere denials are insufficient. What happened to this money that had purportedly been returned? Where did it go to and in what form is it now?</span></div>
<span style="color: red;"> </span> <br />
<div style="text-align: justify;">
“1MDB received a short-term loan of RM950mil from the Government in
March. This was needed while waiting for asset monetisation to be done,”
it said on why the company needed government help.</div>
<br />
<div style="text-align: justify;">
<span style="color: red;">When will this "asset monetisation" take place and in what form? Why doesn't 1MDB have sufficient cashflow to meet it current obligations? Isn't this a classic case of insolvency? In spite of denials, isn't this RM950 million loan also a bailout?</span></div>
<span style="color: red;"> </span> <br />
<div style="text-align: justify;">
On why it needed a rationalisation plan, it was explained in the book
that this was important to drastically reduce 1MDB’s debts and to
ensure its business plans in the energy and real estate sectors could
proceed.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: red;">Why is such drastic reduction of 1MDB's debts even necessary if in the first place it had been properly incurred? Can its business plans really be "rationalised" now if there was something wrong from the start? What is really wrong with 1MDB? Can its purported "rationalisation plan" save 1MDB? Wasn't 1MDB rational to start off with?</span> </div>
<br />
<div style="text-align: justify;">
Under the rationalisation plan, the company will merge its
activities, increase corporate administration and monetise its assets to
reduce debts.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: red;">How is such "monetisation" of 1MDB's assets going to reduce debts without incurring more debts? Will it be another case of digging a bigger hole to cover up an already big hole?</span> </div>
<br />
<div style="text-align: justify;">
“To date, the plan has shown success where the company’s debts had
been reduced by RM3.6bil. A deal with International Petroleum Investment
Company (IPIC), our Abu Dhabi-based partner, will reduce another
RM16bil from the debts,” it said.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: red;">Will the terms of this deal be in favour of 1MDB or IPIC? Will it be sufficient to save 1MDB or merely to buy time? Does this deal require any government guarantees? Will this deal be disastrous like all its other deals? </span><span style="color: red;"><span style="color: red;">Why is 1MDB not being open about its deals? What have they got to hide?</span> Dp they really even have a deal at all?</span><br />
<br />
<span style="color: red;">See also Sarawak Report: "Binding Agreement" or "Engaged In Discussions"? - 1MDB's Multi-Billion Dollar Muddle</span><span style="color: red;"> <a href="http://www.sarawakreport.org/2015/08/binding-agreement-or-engaged-in-discussions-1mdbs-multi-billion-dollar-muddle/" target="_blank">http://www.sarawakreport.org/2015/08/binding-agreement-or-engaged-in-discussions-1mdbs-multi-billion-dollar-muddle/ </a> </span><br /> </div>
<div style="text-align: justify;">
On the development of TRX, a joint venture with Australian company
Lend Lease was signed in March to develop 6.8ha of land and Indonesia’s
Mulia Group had purchased land to build “Signature Tower” at RM665mil,
while for Bandar Malaysia, 1MDB received proposals from over 40 local
and international companies and an independent consultant was appointed
to conduct a feasibility study for plots of land in Air Itam in Penang
and Pulau Indah in Klang.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: red;">Until the terms of all these deals are clear, there is no assurance that any or all of them in their entirety can save 1MDB from becoming a collosal disaster and burden on the government in particular and the Malaysian economy in general.</span></div>
<div style="text-align: justify;">
<span style="color: red;"> </span> </div>
<div style="text-align: justify;">
The book said that although 1MDB was facing challenges, concrete
steps had been taken to ensure that the company achieved its objectives,
settled its debts and the Government and people benefited from
programmes outlined by it.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: red;">Of course, this could all be wishful thinking. Burial in concrete is a hallmark of the mafia. The Malaysian people await with bated breath.</span><br />
<br />
</div>
<div style="text-align: justify;">
<b><span style="color: red;">Al Tugauw</span></b></div>
<div style="text-align: justify;">
<b><span style="color: red;">Sarawak Headhunter</span></b></div>
<div style="text-align: justify;">
<span style="color: red;"> </span> </div>
</div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0tag:blogger.com,1999:blog-8761251441146419245.post-65304519030904681352015-08-29T04:01:00.000+08:002015-08-29T04:01:10.628+08:00Shameless Malaysian Police Attempt To Abuse International Law Enforcement Through INTERPOL<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="section-content">
<div class="section-inner layoutSingleColumn">
<h3 class="graf--h3 graf--first" id="5e37" name="5e37">
<span style="font-family: Verdana,sans-serif;">REFUSED! — INTERPOL Rejects Najib’s ‘Red Notice’ Request Against Sarawak Report</span></h3>
<div class="graf--p graf--empty" id="bee9" name="bee9">
<span style="font-family: Verdana,sans-serif;">(Reproduced with permission)</span></div>
<figure class="graf--figure" id="6a7e" name="6a7e"><div class="aspectRatioPlaceholder is-locked" style="max-height: 397px; max-width: 700px;">
<img class="graf-image" data-action-value="0*IHdyBNEH54Rd4sqp.jpg" data-action="zoom" data-height="425" data-image-id="0*IHdyBNEH54Rd4sqp.jpg" data-scroll="native" data-width="750" height="226" src="https://d262ilb51hltx0.cloudfront.net/max/750/0*IHdyBNEH54Rd4sqp.jpg" width="400" /></div>
</figure><figure class="graf--figure graf--layoutInsetLeft" id="59cc" name="59cc"><div class="aspectRatioPlaceholder is-locked" style="max-height: 187px; max-width: 350px;">
<img class="graf-image" data-action-value="0*YiWLb7kf0108wTRa.jpg" data-action="zoom" data-height="214" data-image-id="0*YiWLb7kf0108wTRa.jpg" data-scroll="native" data-width="400" height="214" src="https://d262ilb51hltx0.cloudfront.net/max/400/0*YiWLb7kf0108wTRa.jpg" width="400" /></div>
<figcaption class="imageCaption"> </figcaption><figcaption class="imageCaption"> </figcaption><figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Terrorism laws have been widely abused to silence media criticism of Najib in Malaysia</span></span></figcaption></figure><div class="graf--p" id="1c8e" name="1c8e" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">INTERPOL
have moved swiftly to publish their refusal of Malaysia’s request to
issue an international ‘Red Notice’ alert for the arrest of Clare
Rewcastle Brown, Editor of Sarawak Report.</span></div>
<div class="graf--p" id="1c8e" name="1c8e">
<br /></div>
<div class="graf--p" id="3f07" name="3f07" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In
a letter to the London based NGO Fair Trials International today the
Secretary General of INTERPOL, Jurgen Stock, informed that the global
police organisation has decided to reject Malaysia’s request outright.</span></div>
<div class="graf--p" id="3f07" name="3f07">
<br /></div>
<div class="graf--p" id="06dd" name="06dd" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">In
a personally signed letter, headed ‘Subject Clare Rewcastle Brown’, the
Secretary General confirmed he had been in receipt of a request by
Malaysia, which was reviewed on 9th August in line with their standard
operating procedure and that the Red Notice had been refused.</span></div>
<div class="graf--p" id="06dd" name="06dd">
<br /></div>
<div class="graf--p" id="724e" name="724e" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The Secretary General went on to assure Fair Trials, which had <a class="markup--anchor markup--p-anchor" data-href="http://www.fairtrials.org/wp-content/uploads/25082015-Rewcastle-Brown-Letter.pdf" href="http://www.fairtrials.org/wp-content/uploads/25082015-Rewcastle-Brown-Letter.pdf" rel="nofollow">written for confirmation</a>
about the status of the journalist, that all 190 member countries of
Interpol had been informed of this decision, meaning she can travel
internationally without further harassment or fear of arrest.</span></div>
<div class="graf--p" id="724e" name="724e">
<br /></div>
<div class="graf--p" id="2cfa" name="2cfa" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Crushingly,
Jurgen Stock added that member countries were further advised not to
used Interpol’s channels in this matter and requested to remove all data
from their databases as well — it is a telling indication that the
organisation is of the opinion that their processes, which are designed
to catch dangerous criminals, had been abused by Malaysia.</span></div>
<div class="graf--p" id="2cfa" name="2cfa">
<br /></div>
<div class="graf--p" id="8870" name="8870" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The letter addressed to Jago Russell, the Director of Fair Trials stated:</span></div>
<div style="text-align: justify;">
<blockquote class="graf--blockquote graf--startsWithDoubleQuote" id="4c80" name="4c80">
<span style="font-family: Verdana,sans-serif;"><em class="markup--em markup--blockquote-em">“Whilst
INTERPOL does not usually comment on specific cases or individuals, in
the light of the significant press interest in this case we can confirm
that INTERPOL’s General Secretariat did receive a Red Notice request for
Clare Brown from Malaysian authorities.</em></span></blockquote>
</div>
<div style="text-align: justify;">
<blockquote class="graf--blockquote" id="be1b" name="be1b">
<span style="font-family: Verdana,sans-serif;"><em class="markup--em markup--blockquote-em">In
line with our standard operating procedure a review was conducted and
on 9thAugust the request for the Red Notice was refused. All 190 member
countries were informed of the decision and advised not to used
INTERPOL’s channels in this matter and also requested to remove any data
from their national databases.”</em></span></blockquote>
</div>
<figure class="graf--figure" id="05b4" name="05b4"><div class="aspectRatioPlaceholder is-locked" style="max-height: 715px; max-width: 700px;">
<span style="font-family: Verdana,sans-serif;"><img class="graf-image" data-action-value="0*1tnDatz85FiZxDsT.jpg" data-action="zoom" data-height="750" data-image-id="0*1tnDatz85FiZxDsT.jpg" data-scroll="native" data-width="734" height="400" src="https://d262ilb51hltx0.cloudfront.net/max/734/0*1tnDatz85FiZxDsT.jpg" width="391" /></span></div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Segment of the letter from INTERPOL</span></span></figcaption></figure><h4 class="graf--h4" id="7463" name="7463">
<span style="font-family: Verdana,sans-serif;">Abuse of Interpol a growing concern</span></h4>
<div class="graf--p" id="3c64" name="3c64" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Fair
Trials had taken up the case as an example of what the NGO regards is a
worrying trend on the part of certain oppressive regimes to abuse
INTERPOL in order to clamp down on legitimate dissenters.</span></div>
<div class="graf--p" id="3c64" name="3c64">
<br /></div>
<div class="graf--p" id="874e" name="874e" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">According
to a warrant issued by a Kuala Lumpur court on 4th August the charges
against the Sarawak Report Editor were under Section 124B and 1241 of
the Penal Code, which form part of new laws brought in by Najib Razak in
2012 supposedly to counter terrorism.</span></div>
<div class="graf--p" id="874e" name="874e" style="text-align: justify;">
<br /></div>
<div class="graf--p" id="8821" name="8821" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Mohamad
bin Salleh, the Director of the Crime Investigation Department of the
Royal Malaysia Police then issued a triumphant press release, announcing
that Interpol and Aseanpol would be immediately alerted with a view to
gaining extradition of the journalist from countries worldwide.</span></div>
<div class="graf--p" id="8821" name="8821">
<br /></div>
<div class="graf--p" id="a967" name="a967" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The
grounds for the supposed criminal offence simply do not exist in most
countries, however, and hardly appear to merit equating a female
journalist with the armed hijackers and terrorists who are normally
placed on this list.</span></div>
<figure class="graf--figure" id="7163" name="7163"><div class="aspectRatioPlaceholder is-locked" style="max-height: 750px; max-width: 495px;">
<span style="font-family: Verdana,sans-serif;"><img class="graf-image" data-height="750" data-image-id="0*KXpooQQ8KcStFSGU.jpg" data-width="495" height="400" src="https://d262ilb51hltx0.cloudfront.net/max/800/0*KXpooQQ8KcStFSGU.jpg" width="264" /></span></div>
<figcaption class="imageCaption"><span style="font-size: x-small;"><span style="font-family: Verdana,sans-serif;">Press Notice from the Royal Malaysia Police this month</span></span></figcaption></figure><div class="graf--p" id="13b4" name="13b4" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The
move against Sarawak Report was part of a wider clamp down on the
Malaysian media and opposition leaders, which has come in the wake of
revelations about the misappropriation of funds from the One Malaysia
Development Berhad fund (1MDB) and the discovery of hundreds of millions
of dollars apparently ‘donated’ into Prime Minister Najib Razak’s
personal bank accounts.</span></div>
<div class="graf--p" id="13b4" name="13b4" style="text-align: justify;">
<br /></div>
<div class="graf--p" id="bb68" name="bb68" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">Indeed
the arrest warrant was issued shortly after Sarawak Report published
the scoop that the former Attorney General had been in the process of
drawing up a charge sheet against the Prime Minister himself in the
hours before he himself was summarily sacked by Najib.</span></div>
<div class="graf--p" id="bb68" name="bb68" style="text-align: justify;">
<br /></div>
<div class="graf--p" id="fc1b" name="fc1b" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The thinly disguised attempt to silence journalists using this inappropriate measure had drawn international attention.</span></div>
<div class="graf--p" id="fc1b" name="fc1b">
<br /></div>
<div class="graf--p" id="e928" name="e928" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">A <a class="markup--anchor markup--p-anchor" data-href="https://www.regenwald.org/aktion/1015/malaysias-regierung-verfolgt-mutige-regenwald-kaempferin" href="https://www.regenwald.org/aktion/1015/malaysias-regierung-verfolgt-mutige-regenwald-kaempferin" rel="nofollow">petition </a>by
the German NGO Rainforest Rescue on behalf of Sarawak Report and
condemning the arrest warrant raised an astonishing 60,000 signatures in
just a few days within Germany alone (Jurgen Stock’s home country).</span></div>
<div class="graf--p" id="e928" name="e928" style="text-align: justify;">
<br /></div>
<div class="graf--p" id="648b" name="648b" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The
NGO, which has joined the condemnation over the destruction of Borneo,
was on the point of launching further petitions in Spanish and English
to raise further international awareness before this announcement was
made by INTERPOL.</span></div>
<div class="graf--p" id="648b" name="648b">
<br /></div>
<div class="graf--p" id="75df" name="75df" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">The news
that the international policing organisation has rejected Malaysia’s
attempt to use its powers and authority to clamp down on legitimate
expression and criticism of corruption in the country comes as a serious
blow to the Malaysian Prime Minister’s own authority on the eve of the
anti-corruption march by the Bersih (clean) movement this weekend.</span></div>
<div class="graf--p" id="75df" name="75df" style="text-align: justify;">
<br /></div>
<div class="graf--p graf--last" id="bb7b" name="bb7b" style="text-align: justify;">
<span style="font-family: Verdana,sans-serif;">It
once again brings into question the Malaysian Prime Minister’s
judgement in handling the growing criticisms against his government and
his apparent failure to understand how others now view the situation
facing his own administration.</span></div>
</div>
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<div class="graf--p graf--first graf--last" id="02b9" name="02b9">
<span style="font-family: Verdana,sans-serif;"><em class="markup--em markup--p-em">Originally published at </em><a class="markup--anchor markup--p-anchor" data-href="http://www.sarawakreport.org/2015/08/refused-interpol-rejects-najibs-red-notice-request-against-sarawak-report/" href="http://www.sarawakreport.org/2015/08/refused-interpol-rejects-najibs-red-notice-request-against-sarawak-report/" rel="nofollow"><em class="markup--em markup--p-em">www.sarawakreport.org</em></a><em class="markup--em markup--p-em">.</em></span></div>
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</section></div>
Al Tugauwhttp://www.blogger.com/profile/05154713304767535862noreply@blogger.com0