Sunday, 4 September 2016
Donplaypuks : WHY NAJIB STOLE RM2.6 BILLION AND MORE, IN ALL SOME RM30 BILLION, FROM 1MDB!
04/09/2016
By Donplaypuks®
Shortly
after Najib was appointed prime minister on 3 April 2009 following
Badawi's resignation, he got a shock when he looked at BUMNO's finances.
On paper, BUMNO was rich based on its direct investments and those
illegally held through its nominees. In reality, the papers were worth
far, far less then the ink they were printed on.
Profits
had turned dangerously negative, dividend cash flow was shrinking and
many Government (read as BUMNO) Losing Concerns (GLC) were in dire need
of massive state bailout. No one had the sense or ability to create new
sources of income.
Petronas
was already hinting that it would have to reduce its contribution to
the government's budget if it were to remain competitive, maintain
internationally acceptable profits and returns on its investments, and
not lose its triple A rating for raising debt via bond issues.
That
is when Najib turned his attention to 1MDB and turned it into a giant
ponzi scheme, having exhausted raiding the bank balances of many a Plc
over the years. He had hit rock bottom arm-twisting our corps of
fraudtrepreneur corpo-rat tycoons and so-called "captains of industry",
who, without government sponsored monopolies, sweetheart deals and
built-in corrupt quid pro quo commissions and kick-backs, did not know
how to earn risk-free RM1 of interest from Fixed Deposit, with cash of
RM1 million!
Najib proudly announced to BUMNO that he was working out a new deal whereby its finances would be secure forever and a day!
Whether
this man who boasts that he is a trained Industrial Economist, and some
have openly stated that he has faked his educational degree
qualifications, thought out the crooked scheme all by himself, or
whether he was persuaded by Jho Paris Hilton, remains to be seen. But,
rarely, if at all, do 20-something-year-olds with limited experience in
merchant banking and finance, approach prime ministers with thievery as a
business model.
It
is a certainty that it is Najib who decided on fraud, misappropriation
and money-laundering, and then shopped around for a suitable partner. In
stepped a willing and able Jho Paris Hilton, blinded by billion dollar
signs and friendship with Najib's step-son Riza Aziz and his mother
Rosmah (Najib's 2nd wife).
Najib
then roped in the usual band of BUMNO yes men into his team, among whom
was another fraud king who was once sacked by BNM for being the person
primarily responsible for some RM60 billion in forex losses and a GLC MD
who led a company involved in the RM8 billion Scorpene submarine
acquisition that was linked to the 2006 Altantuya murder when Najib was
Defence Minister. Then there were other civil serpents among whom is a
chief secretary who now stupidly and ridiculously claims he was not
called to attend 1MDB meetings or consulted, even though it was a 100%
Ministry of Finance subsidiary!
So,
right from the beginning, it was Najib who intentionally planned the
rape, looting and plundering of 1MDB. Five year old children will not
buy the story that an unsuspecting, innocent, trusting and extra virgin
olive oil Najib was hoodwinked by Jho Paris Hilton into commit fraud on a
global scale.
It was all about the arrogance of BUMNO in thinking it alone had some kind of God-given mandate to rule Malaysia forever, and about remaining in power in the face of looming permanent electoral loss. Along the way, the massive amounts of money led to Najib and his family's utter corruption and greed, tainted as he already was in the $575 million corruption scandal involving the Scorpene submarines and Altantuya's murder. Many already crooked got sucked into Najib's 'skim cepat kaya' or 'get rich quick scheme'.
It was all about the arrogance of BUMNO in thinking it alone had some kind of God-given mandate to rule Malaysia forever, and about remaining in power in the face of looming permanent electoral loss. Along the way, the massive amounts of money led to Najib and his family's utter corruption and greed, tainted as he already was in the $575 million corruption scandal involving the Scorpene submarines and Altantuya's murder. Many already crooked got sucked into Najib's 'skim cepat kaya' or 'get rich quick scheme'.
Otherwise,
Najib would not have appointed himself Finance Minister and wound down
the RM10 billion Terengganu Investment Authority so that he would have
total control of 1MDB.
Otherwise,
Najib would not appointed himself Chief Advisor and sole authority at
1MDB for approving all financial commitments and hiring and firing.
Otherwise,
Najib would not have approved 1MDB starting operations with a poor paid
up share capital of RM1 million and then, borrowed RM42 billion
overseas in US$ to avoid BNM oversight and by misusing Malaysia's
sovereign status.
Otherwise,
1MDB would not have deliberately agreed to acquire IPPs at grossly and
criminally inflated values (about RM2 billion), now openly admitted to
by 1MDB CEO Kaunda Kundi with the incredible announcement that it was
done so that our national electricity company, TNB Plc, would not raise
tariffs! (In actual fact, subsequently, TNB raised tariffs twice!)
Otherwise,
1MDB would not have borrowed RM4 billion from a local pension fund,
claim it had invested it in a foreign coal-mining venture, and then have
the whole "investment" transferred loss free to the MoF. The MoF now
refuses to answer truthfully to Parliamentary questions about the
current market value of this RM4 by tendering OSA rights.
Otherwise,
Najib would not have fired 1MDB's two previous auditors for asking
questions about 1MDB's dodgy investments and refusing to sign off with a
clean audit report.
Otherwise,
Najib would not have illegally sacked the AG who was on the verge of
indicting him for fraud, misappropriation, money-laundering, breach of
fiduciary duty and abuse of power.
Otherwise,
Najib would not have shut down a Task Force investigating him by
ordering the IGP to arrest officers from BNM, MACC and the AG's office,
and transferring some to other government departments.
Otherwise
Najib would not have illegally ordered his yes-man, new AG Pandi, to
Unconstitutionally classify the Auditor General's Report on 1MDB under
the OSA.
Otherwise,
without Najib's instructions, the two top directors who illegally
transferred RM42 million to Najib's personal bank account from public
funds, would not have been able to flee to Indonesia to escape
prosecution. Najib then used this money to pay for his and his wife
Rosmah's personal expenses running into millions of ringgit, and
suspicious multi-million ringgit disbursements to a named Deputy
Minister and a BUMNO chief, and to several unnamed BUMNO chiefs and
party members.
Otherwise,
1MDB's audited accounts for the year ended 31 March 2015 would not be
delayed now for 17 months, while its 3rd auditor issued a strange
statement that the public could not rely on its audited accounts for
2013 and 2014. There is a RM30 billion hole in 1MDB's balance sheet
represented by "units" and unheard of asset descriptions alien to the
financial world. These assets are likely to be worth nothing, having
been fraudulently siphoned out by Najib and his corps of robbers in 1MDB
and MoF, and his government of thieves.
Otherwise.......(please feel free to fill in the blanks).
Also,
RM2 billion of RM2.6 billion transferred to Najib's personal bank
account was transferred back to its original source, which the WSJ has
revealed to be an off-shore company (Tanore) owned by an Arab individual
linked to a 1MDB joint-venture partner.
This
blows to smithereens Najib's disgraceful, shameless, outrageous and
blatant lie that the RN2.6 billion was a donation from an Arab Royalty
and/or the Saudi government. When that criminal AG Pandi cleared Najib
of corruption, he did not utter a word about how and for what purposes
Najib used the difference of RM600 million; how much of it went into
Najib, Rosmah and their family's pockets, BUMNO's bank accounts and how
much to bribe politicians and rig by-elections and the 2013 GE!
Let's
face it - in the history of the world, no government or individual, has
ever donated RM2.6 billion or its equivalent to the personal bank
account of the leader of a nation. It willl never happen in the future
either. Certainly not for being a "moderate" Islamic nation which Najib
claimed had opposed and fought ISIS, which Malaysia never did since ISIS
came into existence only after the RM2.6 billion arrived in Najib's
bank account between 2012-2013!
Let's
also face it - all this was done with the connivance of BNM. At least
one blogger has revealed, without being sued for slander and defamation,
that Yeti of BNM in fact knew and advised Najib about the RM2.6 billion
bank transfer in and RM2 billion bank transfer out of the country. This
explains why, some two years after these events, Yeti was unable to
give a straight answer to Australia Broadcasting Corporation's (ABC)
questions when asked why BNM had refused to meet AMMB officers who came
ready with files and documents about massive cash movements in and out
of Najib's and Rosmah's bank accounts. This also explains why BNM has
refused to disclose to the public how much 1MDB was recently fined for
criminally misleading BNM about the movement of RM2.1 billion overseas.
Do
also remember, Najib has not sued Asia Sentinel for its article
suggesting that he is linked to, not one, not two, but THREE murders! CLICK HERE. Neither
has he sued the WSJ, as threatened by him and his incompetent lawyers,
for exposing the corruption trail from 1MDB to Najib.
Najib
has been cornered but refuses to resign gracefully, no doubt floating
in false optimism and support given by the very people who are as guilty
as him of utter corruption, lack of moral fibre and integrity.
Have
no doubt, the final fall of Najb and his government of thieves is just
around the corner. When it comes, out will go too BUMNO and all its
corrupt, racist and bigoted sycophants who have been criminally sucking
our blood while fingering the prayer beads and comforting themselves
that they only fear God and His judgement.
Funny,
that's is also what all those Japanese and German generals were saying
at the War Crimes Trials after World War 2, shortly before some
committed suicide, faced the firing squad or were hung by their necks
till they died of broken necks or asphyxiation!!
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