×
Menu
Search

Facing Up To 20 Years In Jail, Najib Loses A Vital Witness As Traitor Zahid Hamidi Changes His Arab Donor Story



Pin It


Jul 04 2018
Facebook
Twitter
Digg
Pinterest
Linked In

Najib, the son of Malaysia’s much respected second Prime Minister Abdul Razak Hussein, has just been charged with 3 (three) criminal breach of trust (CBT) under Section 409 of the Penal Code in connection with the transfer of RM42 million to his private bank account from former 1MDB subsidiary SRC International Sdn Bhd.

 

The first charge of CBT involved the transferring of RM27 million from the company into his private bank account at AmIslamic Bank Bhd in Kuala Lumpur – an offence committed between Dec 24 and 29, 2014. In the second charge, he is accused of transferring RM5 million from SRC International into his bank account during the same period.

 

In the third charge, which was committed two months later between Feb 10 and March 2, 2015, Najib Razak is accused of transferring another RM10 million from the company into his account. The three transactions totalled RM42 million. The disgraced former prime minister is also being slapped with a fourth charge of abuse of power.

1MDB Scandal - Money Trail Into Najib Razak Private Account - Transferred Back

The fourth charge says that 64-year-old Najib abused his position by giving government guarantees on SRC’s RM4 billion loan from the Retirement Fund Inc (KWAP) – committed at the Prime Minister’s Office (PMO) between Aug 17, 2011 and Feb 8, 2012. Each of the charges carries a maximum jail sentence of 20 years upon conviction.

 

Essentially, Mr. Najib is looking at up to 20 years in prison should he be found guilty and the court allows all his sentences to run concurrently. Many Najib fanatic supporters, however, have started claiming that the fact Najib isn’t charged at all for stealing RM2.6 billion (US$681 million) means the 1MDB scandal has been a hoax all this while.

 

Obviously, Najib’s cybertroopers, propagandists and bloggers are fast losing the plot. The four charges against Najib is just the beginning. The CBT involving SRC International Sdn Bhd is the easiest part of the entire theft involving 1MDB (1Malaysia Development Bhd). That’s because all the transactions of transferring the RM42 million to Najib’s private bank account were done locally.

Najib Razak Charged For Criminal Breach of Trust - Escorted by Police

That was exactly what former Attorney General Gani Patail was doing before his sudden sacking in July 2015. After Gani was fired, it was later revealed that he was actually in the middle of preparing charge sheets (warrant arrest) against Najib Razak. The MACC investigation papers on SRC International had concluded there were at least 37 separate charges that could be made against Najib.

 

The next phase of charging Najib Razak would most likely involve the US681 million (RM2.7 billion) transferred to his private bank account in March 2013. However, those transactions would require assistance from foreign government as it involved Tanore Finance Corp account in Singapore. Today’s charges should be enough to keep Najib and his lawyers busy for the time being.

 

The third phase would, of course, involve the U.S. Department of Justice lawsuits filed to seize assets that it said were the result of US$4.5 billion that was misappropriated from 1MDB, a fund set up by Najib Razak himself in 2009. Mahathir administration is working with U.S.-DOJ on what appears to be the largest action brought under the Kleptocracy Asset Recovery Initiative.

1MDB Scandal - How Najib Becomes A Billionaire and Fund His Wife’s Diamonds

So, the party has just begun. And don’t make us talk about the murder of Mongolian Altantuya case. Death penalty is a mandatory punishment for murder, drug trafficking, treason, and waging war against Agong (King). To add insult to injury, Najib appears to have lost an important witness in his defence against siphoning RM2.7 billion from 1MDB.

 

Back in August 2015, then Malaysian Deputy Prime Minister Ahmad Zahid Hamidi declared that he has met the wealthy Arab family who had donated the US$681 million (RM2.6 billion) that was channelled into then Prime Minister Najib Razak’s personal account. Mr. Najib has consistently claimed that the RM2.6 billion discovered in private bank account was “donations.”

 

Widely reported by foreign news, Mr. Zahid said the “king and prince”, whom he did not name, had donated the money because of Malaysia’s commitment in fighting terrorism, and being a moderate Muslim country with a plural society. He also claimed that the Arab family was impressed by how Malaysia, with its plural society, still managed to remain moderate without sidelining any other religions.

PM Najib and Deputy PM Zahid Wear Crowns

Zahid, who was then vice-president of UMNO, proudly told all and sundry at a meeting with Kepong UMNO division that the donors were “Arab king and prince”, and that the royal family had decided to make the huge donation due to Najib’s anti-Jewish stance. He also said the donors wanted to keep UMNO and the ruling Barisan Nasional coalition in power.

 

More importantly, Mr. Zahid, who is now UMNO president, said he saw with his own eyes the cheque made under his boss Najib’s name – “I saw the documents myself – the original documents, not photostated ones, and I also saw the money trail. I obtained the information accurately and did not add or minus the facts. The conspiracy to topple the government would take place if not stopped.”

 

He even assured the people that the donation was 100% from the Arab family and not from the Retirement Fund Inc. (KWAP) or 1Malaysia Development Berhad (1MDB). That was 3 years ago in 2015. Of course, the liar and corrupt Zahid Hamidi has a different story today, after himself was grilled by the Malaysian Anti-Corruption Commission (MACC) over his donor story.

Zahid Hamidi Wearing Crown - 3

When Zahid emerged from his 8-hour questioning by the anti-corruption commission yesterday, he sang a different tune. In a short press conference, he told reporters about “wakil” (representative)” of the Arab family, not “Arab king and prince”, as he had claimed three years ago. He didn’t brag about the documents or cheque of the so-called donations yesterday.

 

This means Zahid has been lying about meeting the “Arab king and prince” donors. But it could also mean that he had indeed met the Arab royal family, and somehow lost the documents or cheque as proof. Still, he could easily offer himself as a witness to prove that the RM2.6 billion found in Najib’s private bank account was actually donations. But he didn’t.

 

However, why should Zahid Hamidi rescue his former boss now that he has become the president of UMNO? Even if the US$700 million donation story sticks, the criminal breach of trust (CBT) involving RM42 million of SRC International Sdn Bhd and the US$4.5 billion misappropriation from 1MDB found by the U.S.-DOJ would be too hard to fight.

Najib Razak - Prison - Don't Drop The Soap

Regardless whether Zahid has lied or not about meeting the “Arab king and prince”, Najib can forget about depending on his former deputy as potential witness. The newly crowned UMNO president has decided to throw Najib under the bus to save himself instead from being prosecuted by the MACC. Najib should start getting advice from Anwar Ibrahim on tips about prison lifestyle.

 

Other Articles That May Interest You …



Pin It
FinanceTwitter SignOff
If you enjoyed this post, what shall you do next? Consider:



Like FinanceTwitter Tweet FinanceTwitter Subscribe Newsletter   Leave Comment Share With Others


Comments

Man, I like your racy writing style ! Also, your infor are very up-to-date and the reasoning makes sense. Keep it up !

Leave a Reply

(required)

(required)(will not be published)