1MDB Scandal–What Game is Theresa May playing?


December 20, 2016

1MDB Scandal–What Game is Theresa May playing?

https://www.theguardian.com/world/2016/dec/19/british-embassy-questioned-malaysian-pm-najib-razak-exonerated-corruption?CMP=fb_gu

A diplomatic cable has revealed the British embassy questioned whether Malaysia Prime Minister Najib Razak had been cleared of corruption as he claimed.

Image result for theresa may

The British Embassy in Kuala Lumpur has questioned a claim by the Malaysian Prime Minister, Najib Razak, that his country’s anti-graft agency had cleared him of corruption, according to a diplomatic cable seen by the Guardian.

Malaysia’s anti-corruption commission (MACC) said in August last year that its investigation had found that nearly US$700m had been deposited into Najib’s personal bank account from unnamed “donors”.

https://interactive.guim.co.uk/2016/08/explainer-interactive/embed/embed.html?id=dbb382a1-445a-4233-bb8b-3fe864207dd6

It did not elaborate on the donor or why they transferred funds to Najib’s private accounts but said the money was not from the debt-laden state fund 1MDB, which had been the focus of the scandal.

Five days later, Najib told members of his ruling party that the MACC had cleared him of corruption allegationAdds.But a diplomatic telegram sent to London from the British High Commission in the Malaysian capital suggested the embassy queried that claim.

“Najib announced the MACC had exonerated him of corruption and the funds in his bank account were a donation from the Middle East and not from 1MDB,” it said.“There has been no official MACC statement to this effect.”

Opponents of Najib, who denies taking money for personal gain, say the funds may have originated from 1MDB but were laundered internationally. Malaysia’s Attorney General said in January 2016 that the money was a gift from the Saudi Arabian government.

The UK has been criticised for not speaking out more firmly against one of the world’s biggest financial scandals. Former British Prime Minister David Cameron was chided for meeting Najib shortly after the story broke last July.

The British cable was released under a freedom of information request made by the Guardian but was heavily redacted to include mostly factual reporting of events in Malaysia.

https://www.scribd.com/embeds/334567820/content?start_page=1&view_mode=scroll&access_key=key-zfwZMzhTo3fqWjFJONM9&show_recommendations=false

The Foreign and Commonwealth Office said the redactions were made as some of the information may “prejudice relations between the United Kingdom and other states if it was disclosed.

“In this case, the release of some information within diptel [diplomatic telegram] reporting could harm our relations with Malaysia.”

Najib sought to contain the greatest threat to his power by suspending two newspapers, removing a deputy who openly criticised him, and sacking the country’s top attorney, who had been leading the official investigation.

The man he replaced him with closed the case and ended the MACC investigation in January by clearing Najib, to the anger of opposition figures.

While Cameron’s staff said he had pressed Najib over claims he had stolen government money, the regional trip was intended to boost trade ties and coordinate efforts to fight ISIS.However, several countries are conducting publicly-declared investigations into the alleged misappropriation of billions of dollars siphoned from 1MDB, which has debts of over US$11 billion and whose advisory board Najib chaired.

5db70-10978561_1039039602776288_1046540145577315296_n

Switzerland said the sum suspected to have been stolen from 1MDB amounts to around US$4bn, some of which was transferred to accounts held in Switzerland by various former Malaysian public officials.

And the US Attorney General announced it “seeks to recover more than US$1bn laundered through the United States”, the largest corruption investigation in the country’s history.

Najib contends the allegations are part of a opposition-led campaign to force him from office. 1MDB has also denied transferring funds to Najib.

The US investigation details a complex network of international transactions it says were used to launder money from 1MDB into high-end real estate in New York and Los Angeles, a US$35m jet aircraft, and paintings by Vincent Van Gogh and Claude Monet.

Funds are also alleged to have been diverted to make the 2013 film The Wolf of Wall Street, a Hollywood production about a corrupt stockbroker played by Leonardo DiCaprio.

The MACC has since announced it will cooperate with the FBI.“The Department of Justice will not allow the American financial system to be used as a conduit for corruption,” US Attorney General Loretta Lynch said.

69ca5-img-20150423-wa00405b15d

The US complaint document alleged Najib’s stepson Riza Aziz bought a luxury home in Belgravia, London for £23.25m using diverted funds. It said misappropriated monies were also used to buy nearly £2m in services from a UK-based interior decorator.

The UK is reported to have started its own investigation, although this has not been officially confirmed.

The Guardian opened freedom of information requests into potential 1MDB investigations in the UK with the Home Office, HMRC, the Metropolitan Police, and the Serious Fraud Office during the past year.All have been rejected.

5 thoughts on “1MDB Scandal–What Game is Theresa May playing?

  1. Najib is a thief, broke our laws and worst, broke the back of what was already a broken system of govt. Hadi’s PAS is a full poltical accessory to the crime and in fact already infected with the same disease according to Husam and others. There is no debate and the further detailed evidence just adds to what is already a unprecedented AND, I argue, UNAFFORDABLE crime.

    There is also no need to debate UMNO and Najib is too far gone for any form of salvage. There is no need even to argue that the Malays dependency has gone too far into grand larceny of public funds.

    The debate that needs to be talked is Syariah, the means to the “deen”, are the codes that “divine” that it allows such an excuse? Like it or not, even if the Malays are not ready, they have to confront all the modern issues of their religion, all the latest ideas and debate and its not the simple solace even if they need it to be. The definition of Syariah is its “derived” from Quran and Hadith. Even if some of it are exact codes from the Quran, which is simple, much can be done – everything else should be tested to its relevancy and found contrarian, unworkable, cannot be allowed as political cannon fodder. Its not just about religion, its about the challenge of modern govt, modern politics. There are hard question, challenges that must be met, irresponsible not to be met.

  2. The British High Commissioner in KL has not been doing his job well and probably didn’t report things correctly in his diplomatic dispatch to London if the PM had to ask about the status of 1MO and 1 MDB. Number 10 Downing Street should recall the High Commissioner.

  3. The prime objective of British foreign policy is trade. Old fashioned diplomacy is dead, and everything else that still concerns the UK FCO takes very much second place. This has been the case since the Conservative lead coalition came into office in 2010. The reality is that you cannot rely on the British to make any comment that would prejudice trade relations.

  4. Australia too like most Western countries have compromised the principle of righteousness that is expected of a head of a state and bent to connive with the corrupted thieving head just for diplomatic and economic benefit self interest. Only DOJ of USA and the Swiss government is pursuing a course of action that will lead to criminal sanction against Najib son of Abdul Razak. Singapore, headed by the son of pragmatic late Lee Kuan Yew , has chosen to protect Najib by adopting a soft approach by dealing with scapegoats of low ranking bank officers and closing one or two insignificant non-prime banks.

    The Malays too have lost their religious and moral values . These Muslim Malays are willingness to accept haram money rather than move to get rid of a thief as the leader.

    Only Malaysians can save the country and no body else will come to its aid.

  5. A sense of balance and reality is demanded of critics.

    The funneling of funds of 1MDB had allegedly gone through multiple countries like Saudi Arabia, Singapore, Switzerland and the US. These countries may be bound by international and local laws to investigate and take action if the laws have been breached. If countries like the UK and Australia have no part to play in this saga, there should be nothing to stop them from dealing with Najib on diplomatic, global and trade issues.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s