1MDB scandal is a blessing in disguise. Malaysians and the international community have learned more in the last 5-weeks than 50-years this country was under UMNO’s rule. People around the world were simply amazed and flabbergasted over how great a liar Prime Minister Najib Razak has demonstrated so far, not to mention the doses of good laugh.

Most importantly, we’ve discovered two great secrets in Malaysia. One, you can actually siphon unlimited amount of money “into” the country as long as you can make a local bank promises not to inform the central bank (Bank Negara Malaysia). Two, even if you somehow get caught with your pants down, just declare it as a “donation” and you’re safe to go.

 

And based on a latest explosive revelation by Sarawak Report (SR), there is actually a third great discovery. As easy as money can be siphoned into Malaysia, you can also launder unlimited amount of money “out” of the country with ease. Apparently, Najib was reportedly had transferred a whopping US$650,000,000.00 back into Falcon Bank in Singapore.

SR claims that the money was deposited into an account in the name of Tanore Finance Corporation (British Virgin Islands) at Falcon Bank in Singapore on the same day the prime minister’s AmPrivate Bank account was closed – 30 August 2013. This was the same company account which had originally transferred US$681 million into Najib’s AmPrivate Bank account.

 

As usual, the whistleblower didn’t furnish any hard evidence, at least for now. But judging by its past modus operandi, most likely SR is waiting for Najib to deny the allegation. Kaboom!! Only then will SR drop another bombshell to prove the tainted prime minister lies again (*grin*). Don’t you enjoy this cat-and-mouse game?

SR also exposed how Shahrir Abdul Samad (Chair of UMNO Back Benchers), Maslan Ahmad (then Deputy Finance Minister), Mas Ermieyati Samsudin (Public Account Committee) received RM1 million, RM2 million and RM50,000 respectively after the 2013 election. Now you know why these minions were fighting tooth and nail defending their boss.

 

Clearly, Najib’s paid bloggers and propagandists would now need to invent new scripts to counter SR’s latest revelation. Since Najib administration had told everyone on planet Earth that the 700 million dollars were donations from some kind-hearted Arabians, they need to cook up a nice story why the heck Najib needed to transfer back US$650 million.

Strangely, Tanore Finance Corporation had effectively closed down on April 2014. Let’s see: Najib’s private account was closed down after received US$700 million “donation” but not before transfer US$650 million back to the donor (presumably Tanore Finance Corp.). After gotten their US$650 million, the donor also closed down their company. Do you smell a rat?

Interestingly, SR also claims PM Najib flew over in mid-July for a four day trip in Singapore, during which he attempted but failed to get these frozen bank accounts re-opened. In fact, SR reveals that the prime minister had actually received more than US$1,000 million (US$1 billion), and not merely US$681 million in donation from Saudi and Dubai.

Will Najib be advised to tell a new story that he was actually an honest person who had returned the balance of “unused” donation money after the election? If it’s true, then Najib had only utilized US$31 million for the 13th general election, excluding the RM42 million deposited by state-owned SRC International into his private account.

 

No wonder his “Barisan Nasional” almost lost in 2013. Najib was too stingy with his “donation money” (*grin*). Still, it doesn’t answer the mystery why the accounts of both Najib Razak and Tanore Finance Corporation were closed after received a huge amount of money. Did the US$650 million escape the Singapore’s authorities before it was frozen?

Hmm, it seems the Government of Singapore is equally guilty of protecting buddy Najib Razak considering they only sprung into action after Sarawak Report and the Wall Street Journal exposed the humiliating mega financial scandal, which could easily interpreted as money laundering by the most powerful man in Malaysia.

 

Nevertheless, the initial justification that US$681 million was a donation meant for 2013 election expenses is “busted”. If it was for the party UMNO and not for Najib’s personal usage, how the heck could the PM personally transfer US$650 million back to Tanore Finance Corporation? Isn’t this the clearest proof that the money was for Najib and not UMNO?

Unless of course Najib was conspiring with Mr Mohamed Badawy Al-Husseiny (CEO of Aabar Investments) in money laundering, where Ambank was used as one of many transit points in what is known as “layering” stage. After entering Ambank, the money needed to exit and pumped back to Tanore Finance Corporation and voila – shining clean money!!

 

Of course, the amount of money entered Ambank cannot be the same when it exit, otherwise it would be too obvious, wouldn’t it? Let’s see: US$681 million entered Ambank as dirty money and US$650 million exit as clean money, and the middleman or facilitator got himself a cool US$31 million in “commission”.

This is merely our weekend speculation after some beer, of course. But the US$681 million could also be commission for the prime minister for enriching the Abu Dhabi Aabar in the RM18 billion “strategic partnership” with 1MDB. Whether Najib has pawned some of Malaysia’s treasures to the Arabs, or otherwise, is another matter (*grin*).

 

Other Articles That May Interest You …

• Thanks, “Taichi Queen” Zeti – Now Everyone Can Do Money Laundering
• A Remaking Of 1997 Asian Financial Crisis By Najib Razak In 2015
• Cleared & Innocent!! Now The World Must Apologise To PM Najib
• Congrats Najib, You’ve Just Lost Johor & Inches From Fulfilling “RAHMAN” Prophecy
• Here’s Why Najib Is “TOAST”, Even If The RM2.62 Billion Was A Donation
• A Comic Way To Understand The 1MDB Feud Between Godfather & Emperor
• Congrats Najib, You’re Now In The Forbes Malaysia’s 50 Richest
• 1MDB Scandal – An Ali-Baba “Scam” Partnership Goes Bust

 

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August 16th, 2015 by financetwitter

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