With this inept $23 billion dollar legal extravaganza PN’s lawyers have thrown away their bird in the hand (the Abu Dhabi IPIC case) for a flock in the bush that are well equipped with beaks and wings…..
The London case in which Malaysia was suing IPIC for billions over 1MDB has now been put on ice for over a year. However, promises of an imminent settlement have sunk into the sands………
Proper transparency would resolve the concerns about money going missing from 1MDB (again) and yet all that has been offered is an ‘assurance’ by 1MDB’s own Board of Directors. Time for the independent management from PWC to put their reputation on the line therefore and support the statements claiming that the fund’s secrecy around recent settlements conceals nothing untoward ……
At one point it looked as though they might lose their heist from 1MDB, now signals are that PN will again opt for an easy cash grab leaving millions in the hands of the original ‘joint venture’ frontmen from PetroSaudi who helped defraud 1MDB…..
The US banking giant has already accepted a Deferred Prosecution Agreement and paid record fines for the bribery of Foreign Officials and theft from 1MDB. Unless there is transparency over its separate secret settlement with the PN government Malaysians and others will only assume they have done it again……
Who has benefitted and who has lost from the lightening settlement by AmBank involving a scorching fine for its services to Jho Low & Najib over 1MDB – services that senior management and major shareholders like ANZ were surely well aware of? …..
It is pretty sickening to watch the likes of Finance Minister Zaifrul, who did precisely nothing as a banker to prevent the thefts from 1MDB, seek to take praise for the return of monies now. Meanwhile, he and his government have done nothing but threaten and intimidate journalists once more, to whom Malaysia actually owes the debt of gratitude for the unravelling of this scandal……
The DOJ may have fingered Topaz, Sheikh Mansour’s 1MDB funded yacht, but the Abu Dhabi Crown Prince had already off-loaded it to his Saudi ally MBS, according to reports…….
Malaysians should resign themselves to a chickenfeed settlement from the Emirate that helped Najib defraud billions in return for massive kickbacks. After all, PN wants quick cash now and the Agong rates MBZ as a valued ‘senior’ royal to keep cosy with……..
A tense battle has caught up one of London’s leading law firms as the PetroSaudi boys wage a desperate bid to sneak $330 million out of their client account belonging to 1MDB….
As a passports for property scandal erupts in Cyprus we shine a spotlight on the role of ‘global citizenship’ firm Henley & Partners. They deny Jho Low was their client yet admit they received €700,000 in ‘indirect’ commissions from ‘independent 3rd parties’ paid for his receipt of citizenship in Cyprus ……
Najib and his lawyers are pressing the US courts for information to discredit key witnesses called by the prosecution against him Malaysia in the hope of pinning the blame for 1MDB on them so he can get off himself……
With astonishing lack of self-irony the prime minister who has been convicted of orchestrating the world’s largest recorded theft seems hell bent on accusing the former Governor of the Central Bank of receiving some of the proceeds. So what does the evidence seem to tell us?………
If there is one bunch of folk almost as eager as UMNO’s hierarchy to use Malaysia’s coup to put an end to the court actions initiated by the previous elected government it is the rulers of Abu Dhabi …..
Sarawak Report can now reveal further services performed on behalf of Jho Low by Sheikh Sabah, son of Kuwait’s former PM, following the transfer of billions of dollars stolen from Malaysia into his private and business accounts at ICIB Bank in Kuwait ……
