Najib Razak, the disgraced former Malaysian prime minister sent to 12 years in prison for corruption, is a known serial liar. There are tonnes of lies he had spewed over the years. When he was still in power, he lied that he did not know partner-in-crime Jho Low, not to mention repetitively said he did not steal any money – even after US$681 million (RM2.6 billion) was found in his bank accounts.
He has many favourite lies. One of them was that the money which he had stolen was donations from Arab royal family. Don’t laugh – at least 4 million Malaysian Malays were so impressed with his story that they voted for Najib Razak in the 2018 General Election. Another favourite lie was that he had returned US$620 million to the senders.
There are basically three phases of “LIES” that Najib has mastered over the years in his political career. First – “deny” all the allegations. Second, when you cannot deny anymore, “divert” the attention elsewhere. Third, “blame” everyone except himself and his families. Repeat the process again until people get confused and sick and tired of his lies.
So, when he was first linked to the 1MDB scandal, he kept denying that he knew Jho Low or had siphoned money from the US$6.5 billion in bonds that Goldman Sachs helped to raise between 2009 and 2014. When that failed, he diverted the attention to Saudi, knowing very well the Malay Muslims will believe anything he said whenever the “Custodian of the Two Holy Mosque”s card is flashed.
At one time (July 2015), in another cheap diversion tactic, Najib threatened to sue the Wall Street Journal for exposing the 1Malaysia Development Bhd (1MDB) scandal. Four months later, the shameless (former) prime minister chicken out with a laughable excuse – he was not a well known personality in that country (America) in order to obtain higher damages.
After his government was stunningly toppled in the May 2018 General Election, he started blaming everyone after he was arrested and charged. He blamed the judiciary system and the social media for being unfair to him. He blamed the newly elected Pakatan Harapan government for being vengeful. Hilariously, he has even blamed Jho Low for scamming him.
However, for the last 3 years, thanks to the trials that have been progressing at a snail’s pace, Mr Najib has yet to face the 1MDB Trial. When he was sentenced to 12 years in prison and fined RM210 million in July 2020 for abuse of power, money laundering and breach of trust (CBT), it only involved RM42 million stolen from SRC International Sdn Bhd (a subsidiary of 1MDB).
Instead, the explosive 1MDB scandal saw its first trial involving ex-Goldman banker Roger Ng Chong Hwa in a federal court in Brooklyn, New York. The trial of Mr Ng, a Malaysian, has opened a can of worms which is damaging to the former Malaysian premier at a critical time when he embarks on a journey to make a comeback as prime minister again.
For example, the despicable man can no longer claim that the US$681 million was donations from Saudi royal family. In the trial against Ng, the FBI (Federal Bureau of Investigation) has testified in the court that not only Jho Low had stolen US$1.42 billion (RM6 billion), Najib Razak similarly stole US$756 million (RM3.2 billion) while his stepson, Riza Aziz, pocketed US$238 million (RM1 billion).
Not only the testimony from FBI forensic accountant Eric Van Dorn is the first time the U.S. authorities have detailed how those involved in the 1MDB deals were paid and how much they received, it has confirmed for the third time – after previous confirmation from the U.S. DOJ and U.S. Securities Commission – that there was no Saudi donations whatsoever, as claimed by Najib.
Now, for the first time since Najib hoodwinked 4-million gullible Malays, the American jury finally got a look at “hard proof” of the treasure bought with the so-called US$620 million that Najib claimed to have had returned. Part of the stolen money was used to buy a 22-carat pink diamond necklace worth a staggering US$23 million (RM97 million) for Najib’s wife – Rosmah Mansor.
But how could that happen when Najib had returned the donation money? Here’s where Najib should be given a trophy for his lies. It was only half-truth when he said US$620 million had been returned. What he didn’t tell his stupid supporters was that he did not return the money to the Saudi royal family (because there is none), but had transferred it to Tanore Finance Corp. account in Singapore.
Tanore Finance had been just a staging account set up by Jho Low and Najib Razak to be diverted again to fund their lavish lifestyle. The account had nothing to do with Saudi government or the kingdom’s royal family. In fact, a month after the US$620 million was returned to the Tanore, the money was used to purchase a 22-K pink diamond necklace for Rosmah (refer to chart).
According to U.S.-DOJ investigations as early as 2017, Jho Low had arranged for jewellery designer Lorraine Schwartz (also known as “Jewish Queen of Oscar Bling”) for the pink diamond – with a heart-shaped gem – on June 2, 2013. In August the same year, Najib conveniently returned US$620 million to Tanore Finance, after receiving US$681 million from the same account in March 2013.
Apparently, Rosmah wanted an 18-carat diamond, but Schwartz said she only had a 22-carat pink diamond. Schwartz subsequently travelled to Monaco on July 5, 2013 and met Jho Low aboard the Topaz, one of the largest private yachts in the world built at a cost of €400 million. Jho Low had chartered the 147-meter yacht for 7 days at a cost of €3.5 million.
Aboard the Topaz, Schwartz showed the pink diamond to a group of people – Jho Low, Rosmah, and one of her friends. The group happily discussed the design of the necklace to hold the 22-carat pink diamond. On Sept 28, 2013, Schwartz met again with Jho Low and Rosmah in a hotel suite in the Mandarin Time Warner in New York in order to show them the layout of the necklace design.
The 22-carat pink diamond, described as “22.17-carat Natural Fancy Intense Pink VS2 clarity (GIA#2115637296) Cut-Cornered Square Modified Brilliant Cut diamond,” was invoiced on 3 July, 2013 for a jaw-dropping US$23,000,000. The second invoice, dated July 31, 2013, was for US$4,300,000 for the accompanying necklace. Hence, the total cost was US27,300,000.
Schwartz was asked to invoice Blackrock Commodities (Global) Limited (“Blackrock”). On Sept 9, 2013, just days after Najib proudly told all and sundry that he had returned US$620 million to its original donor (Tanore Finance), US$58,849,050 was wired from the same Tanore Account to another account at Falcon Bank in Singapore held in the name of Midhurst Trading Limited (“Midhurst Trading Account”).
The following day (Sept 10, 2013), Midhurst transferred US$32,760,000 to an account at DBS Bank Ltd. in Singapore held by Blackrock (referred to as “Blackrock Account” by DOJ). On the same day, Blackrock made two separate wire transfers to a bank account at Bank of America in New York held by Lorraine Schwartz Inc. in payment for the 22-carat pink diamond necklace.
Investigations done by US-DOJ also revealed that “Blackrock Account” was used to do nothing but to pay for jewellery purchases for Jho Low and their associates, including Auntie Rosie. In fact, between April 2013 and September 2014, the account was used to purchase a total of approximately US$200 million (RM840 million) in jewellery, again, using funds traceable to the 2013 bonds and the 2014 Deutsche Bank loans.
Besides the 22-carat pink diamond necklace, Rosmah had also purchased 27 other jewelleries from the same “Jewish Queen of Oscar Bling”. The 27 pieces of jewelleries, all 18K – white gold, yellow gold, rose gold, black gold – of bangles or necklaces, were priced from US$40,172 to US$240,000 a pop and were purchased during dinner between Rosmah and Schwartz at the Hotel Bel-Air in Los Angeles.
Known as a “PONZI” scheme, the details of how the pink diamond necklace was purchased with money stolen from 1MDB had already been exposed in 2017, when the U.S. Justice Department released its investigation papers – documents as thick as 251-page – that linked then-PM Najib Razak as the “MALAYSIAN OFFICIAL 1” and Rosmah as the “wife of MALAYSIAN OFFICIAL 1”.
Najib didn’t return the US$620 million to his self-proclaimed Saudi royal family because the money was unused (as he famously claims). He returned it because he needed to siphon it elsewhere, as instructed by Jho Low whenever Rosmah wanted to buy more “bling-bling”. The money was siphoned from the three bond sales for 1MDB (code-named Project Magnolia, Maximus and Catalyze).
Under “Project Maximus”, the second bonds issued by 1MDB in 2012, known as Aabar BVI phase, Najib received US$30 million. But the juiciest kickbacks came from the “Project Catalyze” (Tanore phase) in 2013 when the disgraced Malaysian leader received a further US$681 million misappropriated from 1MDB. Now, the jigsaw puzzle is almost solved.
The U.S. authorities (DOJ, SEC and FBI) have been very consistent in their investigation since then-U.S. Attorney General Loretta E. Lynch announced that the Justice Department filed lawsuits to seize assets on July 20, 2016. But the same cannot be said about Najib and Rosmah, who have displayed flip-flop, inconsistency and contradiction in their half-baked fairy tales.
From insisting that the RM2.7 billion in his bank accounts was a donation from the Saudi royal family, to saying he was “assuming” the money was donations, and to blaming Jho Low for scamming him, Najib is as guilty as hell. Now, Rosmah cried that it was a UAE price (Sheikh Mansour Zayed) who had wanted to give a pink diamond necklace to her. Do they dare sue the Government of the United States?
Like it or not, both Najib and his lovely wife Rosmah are in trouble. The testimonies in the U.S. court could be used in Malaysian court during the coming 1MDB trial against them. The evidence will definitely influence the outcome of the Najib’s pending appeal at the Federal Court. It would be harder, if not impossible, for the Attorney General’s Chamber or the Kangaroo Court to throw away their charges.
Other Articles That May Interest You …
- 3rd Time U.S. Says “No Saudi Donation” – FBI Confirms Najib Stole RM3.2 Billion, Riza RM1 Billion & Jho Low RM6 Billion
- Sex, Bribes & Blackmail – Najib’s Appeal In Jeopardy After Leissner Exposed More Dirty Deals In 1MDB Scandal
- Only In Malaysia – PM Najib Stole People’s Money, Spy Chief Stole His Money, Anti-Corruption Officers Stole Her Money
- 12 Years’ Jail & RM210 Million Fine For World’s Biggest Crook Najib – A Result Of Insulting The Judge’s Intelligence
- Day-72 Of SRC Trial: Najib’s Top-8 Lies That Were So Extraordinary They Might Backfire & Incriminate The Crook
- U.S. Securities Commission – No Saudi Donations, Najib Received RM2.6 Billion Kickbacks From 1MDB
- SRC Trial – Here’re 10 Points Any First Year Law Student Can Use To Nail Najib & Send The Crook To Jail
- The Family Of Crooks In Trouble – Here’s Why Najib Was Terribly Upset & Terrified Over The Civil Forfeiture Lawsuits
- Money Trail Established – Najib’s Lawyer Now Hopes The Judge Will Be Too Stupid To Realize Najib Is Faking His Stupidity
- Al-Jazeera Interview – How Mary Ann Jolley Skillfully Skins & Grills Najib Till He Runs Away
- Why The Hell Didn’t Crooks Najib And Rosmah Flee Instantly After They Lost The Election?
- This Chart Shows How US-DOJ Links Auntie Rosie To A $27-Million Pink Diamond
March 25th, 2022 by financetwitter
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