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Congrats Najib, You’re Now In The Forbes Malaysia’s 50 Richest



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Jul 05 2015
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By now, the whole world knows there’s a new billionaire in town. Name’s Razak, Najib Razak, the Prime Minister of Malaysia. Actually he’s not a billionaire yet, if measured in U.S. dollar. But he’s certainly a multi-billionaire in Malaysian ringgit. Here’s how he catapulted himself to the Forbes Malaysia’s 50 Richest.

 

  • Fund transfer from Tanore Finance Corp (via Falcon Private Bank) on 21-Mar-2013: US$619,999,988.0 (RM2,348,745,954.00)
  • Fund transfer from Tanore Finance Corp (via Falcon Private Bank) on 25-Mar-2013: US$60,999,998.0 (RM231,086,292.00)
  • Fund transfer from Ihsan Perdana on 26-Dec-2014: RM27,000,000.00
  • Fund transfer from Ihsan Perdana on 27-Dec-2014: RM5,000,000.00
  • Fund transfer from Ihsan Perdana on 10-Feb-2015: RM10,000,000.00
  • Total: RM2,621,832,246.00

1MDB Scandal - How Prime Minister Najib Razak Becomes Billionaire

Those five fund transfers were allegedly made into an account under the name of “Dato’ Sri Mohd Najib Bin Hj Abd Razak” at AmPrivate Bank in Kuala Lumpur. There’s little doubt that the name exposed by U.S.-based The Wall Street Journal and Sarawak Report is none other than the most powerful man in Malaysia, the prime minister Najib Razak himself.

 

If you look at how the RM2.62 billion were being transferred, clearly “money laundering” was involved. Transferring money from SRC International to its own subsidiary Gandingan Mentari and then to 1MDB’s arm, Ihsan Perdana, before it ended in the personal account of Najib the son of Razak is a typical method used by many crooks.

Money Laundering Washing Machines

Do you know that if you try to transfer more than US$3,000 – either out from Malaysia or into the country – will subject you to an “interview” from the relevant banking officers? For example, if you try to fund your trading account in U.S. in order for you to perform share or options trading, you’ll be asked questions about the source and the purpose of your funding.

 

Of course, they’re not going to put you in a dark room, interrogate and probably torture you as if you’re in Abu Ghraib prison, but it’s dramatic enough to freak you out. That’s part of the processes by Bank Negara (Central Bank) to combat money laundering. Hence, in the case of Najib Razak, it’s more than US$3,000 so Governor Zeti may be in deep shit herself for possibility of looking the other way.

1MDB Scandal - Bank Negara Governor Zeti Plays Dumb

Nevertheless, RM2.62 billion is roughly US$696 million, based on today’s exchange rate, and that qualifies Najib to the Forbes Malaysia’s 50 Richest. Assuming the allegation is true, the prime minister is now Malaysia’s #27 Richest Man, just US$4 million shy from Mahathir’s own son – Mokhzani Mahathir – who has a fortune of US$700 million.

 

But while Mokhzani Mahathir’s wealth is at the mercy of share prices of SapuraKencana Petroleum Berhad (KLSE: SAPCRES, stock-code 8575), Najib Razak’s wealth is all in “CASH”. Obviously some one has been feeding The Wall Street Journal with the destructive information. Many think it was Mahathir himself. Actually, it was Daim Zainuddin.

Mokhzani Mahathir - Malaysia 26 Richest

Many have forgotten that Daim Zainuddin was once the powerful and influential Finance Minister from 1984 to 1991, before reappointed again in 1998. He may be a womaniser but he’s still a finance wizard, not to mention a veteran when comes to money laundering. Tell him what type of worms you want and he can tell you which hole to hunt (*grin*).

 

Mahathir and Daim were buddies, and are still very close together even after their retirement. Indeed, both were big time crooks, and they constantly scratch each other’s back to protect what they had plundered during their good time. And to have a coward and empty vessel Najib Razak as their opponent is like a football match between Germany vs Malaysia.

Malaysia Airlines Bailout - Daim Zainuddin and his Protege Cronies

As we’ve mentioned before, Najib Razak should not have had Anwar Ibrahim imprisoned. Now that Mahathir is going for the kill, Najib is as good as a sitting duck. Najib has no smart advisers, but tons of bootlickers and idiot ministers. Do you really think Mahathir is alone fighting Najib administration? Hell no, his old band of advisers were helping him with all the tactical and strategic planning.

 

After the “bombshell” by The Wall Street Journal, what Najib administration could do was issuing more denials. You don’t want to play poker with Mahathir, because he doesn’t bluff. The fact that all the banking account numbers were revealed, including Najib’s personal account, is glaring proof that whatever evidence exposed is “genuine”.

Mahathir Mohamad Staring

Does Najib the son of Razak dare to sue Wall Street Journal and Mahathir for such a damning accusation which taints the good name of “Razak” family? Barack Obama would have gotten FBI, local police, National Guard and SEAL teams surrounded The Wall Street Journal headquarters in New York if he’s being accused of such money laundering.

 

Instead, Najib administration only manages to issue lame denials and blames the explosive revelations as “political sabotage”. He doesn’t even dare to respond with a simple “Yes” or “No” to the authentication of the alleged personal banking account. Surely checking his personal 13-digit account number will not take days, right?

Najib Razak - Forbes Malaysia 27th Richest

Could Najib Razak flex his muscle by instructing all the agencies – from Bank Negara, Ambank Group, Attorney General, Royal Malaysia Police, MACC, to the data center operators to wipe out every single traces of such money trail and his personal account existence, assuming there wasn’t any Sarbanes-Oxley compliance in place to begin with?

 

Unfortunately, based on Attorney General Abdul Gani Patail’s latest admission, he has indeed viewed the documents related to the alleged transfer of 1MDB funds into Prime Minister Najib Abdul Razak’s personal accounts. The AG, whom was named in The Wall Street Journal as one of top guns in the loop about the documents existence, said it was with a special task force probing 1MDB.

Attorney General Abdul Gani Patail

The AG confirmed the task force also conducted a raid on July 3rd on three companies – SRC International Sdn Bhd, Gandingan Mentari Sdn Bhd, and Ihsan Perdana Sdn Bhd. One can only wonders why AG’s task force only acts now. Was there any intention to play dumb had there been no revelations from the American publisher?

 

Najib Razak should bite the bullet and admit that he’s no match for Mahathir, assuming he had indeed taken the RM2.62 billion for his personal use. Even if he had not utilised it for personal use, the mere existence of such account in receiving billions of ringgit is damaging enough. Either way, he’s dead meat.

Altantuya Shaariibuu

And in case he decides to cling to power and fight a long war with Mahathir, he should probably consider the possibility, regardless how remotely it is, that the former prime minister might have compelling evidence linking him to the gruesome murder of Mongolian Altantuya, whom the pink lips Najib had his fair share of sexual intercourse.

 

On paper, even if Najib could escape the humiliating and damaging scandal of corruption and money laundering in the 1MDB scandal, there’s no way for him to escape a “murder” scandal. While ethnic-Malay village folks can accept a corrupt leader, they surely can’t accept a murderer, the same way they couldn’t accept Anwar Ibrahim, an alleged sodomite.

Rosmah Told Najib To Keep His Dick In His Pants

But we would definitely love to see Najib Razak shows, for once, that his self-proclaimed Bugis warrior mumbo-jumbo is no fake. He should not surrender and not intimidated by The Wall Street Journal and Mahathir. Malaysians generally couldn’t wait to read about the real story of the murder of Altantuya.

 

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Comments

In short words, Najib now is in Tyson Zone.
If you want to know the Tyson Zone definition, look it up in TV Tropes

A man without honour and dignity has nothing and is worth nothing.

he not deserve to be PM in Malaysia and any part of the world, he belong to inbecile..

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