Leissner received a six-figure deposit into his account from Jasmine Loo about a year after she had left 1MDB, according to one of the people familiar with the situation. The transfer was made well after the Goldman-backed bond deals had been completed, the person said.
Loo didn’t immediately respond to messages left at her New York apartment building.
Goldman’s other regulators, including the Securities and Exchange Commission and Federal Reserve Board, are also reviewing the bank’s activities with 1MDB, said the three people. Representatives from the Fed and SEC declined to comment.
In a previously reported U.S. probe, a kleptocracy unit of the Justice Department has been looking into whether politically connected Malaysians embezzled state funds to buy art and trophy properties in the U.S., people familiar with the probe have said.
So, Bloomberg are back hot on the case as Najib’s list of “conspirators to defame him” gets longer and longer.
The people mentioned in this article are all old quarries of Sarawak Report, which has traced the jet-setting lives of the likes of Jasmine Loo and Tim Leissner for months and years.
Now it turns out that Ms Loo, who seems to have earned fantastic sums for her work at 1MDB, passing money into the buy out of UBG Group for a start, was investing hundreds of thousands of dollars in banker Tim Leissner’s start-up business.
He shouldn’t have accepted money from such a compromised source, linked to a business for which his own bank had raised billions…… should he?
And it seems that all that art work we have noted being bought and sold by the likes of Jho Low is also now under scrutiny…. and a whole lot more, we suspect, in the way of cars and properties across the globe.
Prime Minister Najib Abdul Razak has fired an intercontinental salvo against his former mentor-turned-foe Dr Mahathir Mohamad.
Speaking to reporters in London, he commented on the former premier’s remarks of preventing BN from winning in the upcoming by-elections, which is seen as a stab in the back.
Najib noted how during his 22-year tenure as prime minister, BN and Umno had helped Mahathir and his family reap enormous benefits.
“He and his family had derived a lot of benefits from his position as PM which was due to the strength of Umno and BN.
“So, when he told the people to reject the party which had done a lot, there were negative reactions against his stand because without BN and Umno, he would not have become prime minister or even a minister,” he was quoted as saying by Bernama.
Najib was asked to comment on Mahathir’s statement which called on opposition parties to be united against BN in the Kuala Kangsar and Sungai Besar by-elections on June 18.
The only press who heard all this guff was Najib’s paid for pet media from Malaysia. He could much more cheaply have spoken to them back home.
The UK press was barred from attending all his events, which given these were all private and not sanctioned by the UK Government, it was possible for him to do.
As, for example, Channel 4 News made clear, the reason for this was obvious, which is that the Malaysian Prime Minister dare not take questions from the free British media, which does not fear to ask the questions people actually want answers to.
Like, since the Auditor General has concluded in his report that US$7 billion has disappeared from 1MDB (which was directly under your control) why have you made his report an official secret and announced that it is “too early to conclude fraud” at 1MDB?
And why have you failed to call in the police to investigate?
Following the breakdown in seat negotiations, DAP and PKR, though allies in the opposition coalition, resolved to battle each other in six seats, and engaged in public verbal jousting.
But candidates from both parties were defeated in all the seats, and in some constituencies, their combined tallies had fallen short of the BN candidates’ votes.
This led observers to suggest that it could have been a backlash from opposition supporters vexed over the rift.
PKR deputy president Azmin Ali however has chosen not to indulge in a blame game and called on the opposition parties to close ranks instead.
“This is not the time for recrimination but for reflection,” he said in a media statement.
“Although PKR maintained its seats, DAP’s defeat is our defeat. In fact, the defeat of any member of the coalition is a defeat for PKR.
Azmin is, of course, right.
Onlookers were all bemused as to why these characters were wasting their energy arguing over who would have the privilege of losing, instead of doing whatever it took to win.
In order to win a party needs to show that it has the maturity to put the people’s interests before any candidate’s personal ego.
Then that party concentrates on tackling the real problems of the political battle ahead, which in this case was cheating, bribery, gerrymandering, abuse of power, intimidation and a good deal more.
Given those huge obstacles, the opposition should not overly chastise themselves therefore. Even if Adenan had not gained a single vote he and Najib would nevertheless have announced a ‘win’.
But, for the future let’s hope these parties give the corrupt BN establishment a better run for their money!
A lower state of anti-establishment sentiments is believed to have caused the low voter turnout at the Sarawak elections today. Barely more than half of Sarawak voters have gone to the polls with just over an hour before polling stations close.
Political analyst Dr Jeniri Amir of Universiti Malaysia Sarawak told FMT that voters had become complacent because of Sarawak Barisan Nasional chairman Adenan Satem’s popularity since he became chief minister two years ago.
He said BN supporters were confident that the ruling coalition would win with a big majority and some Opposition supporters who felt the same might have found it pointless to go out and vote.
The Election Commission reported a voter turnout of only 52% shortly before 4pm.
“When you have a high anti-establishment sentiment, the voter turnout will be high,” Jeniri said, explaining this would be the case as supporters of both sides wanted to ensure a victory for their side.
This ubiquitous commentator is clearly a great expert in most things.
However, he tends to make his comments as if in a vacuum away from reality.
No mention from this chap, therefore, about such things as bribes, bullying or abuse of power on behalf of the ruling party.
Najib and Adenan threw huge sums at this election and promised hundreds of millions all over the state. Envelopes of cash were handed out.
Under such circumstances a low turn out was a sure sign of disapproval. Thousands who had been paid to go and vote BN, decided to stay away instead.
This election saw 20% less people at the polls – what kind of positive wave for the ‘Adenan factor’ is that interpreted to be?
A former Sarawak political leader has criticised Sarawak Report for publishing images of cheques amounting to RM1 million purportedly issued by Prime Minister Najib Abdul Razak to his party.
However, Peter Chin neither denied nor confirmed if the matter was true. The former Sarawak United People’s Party (SUPP) president said the publication of the images at a time when Sarawak was facing its election was aimed at disparaging the image of SUPP and its candidates.
“This publication by Sarawak Report is, in my view, an effort to cast aspersions on the SUPP leadership then and now, in the hope of misleading voters on current issues that are important to the people of Sarawak,” Chin added in a media statement. Chin, who led SUPP from 2012 to 2014, described this as the work of the opposition.
Perhaps, since Peter Chin is at last acknowledging articles by Sarawak Report, he would care to answer the information we published last year about his own involvement in a pre-GE13 RM559 million ‘Schools Project”, rushed through by Najib at his request just days before the election?
This is what we said:
“Directly implicated was the then Energy Minister and Sarawak SUPP President Peter Chin, working in clear collaboration with a company called One BU Redha Services Sdn Bhd, which is closely linked to the now Governor and then Chief Minister, Abdul Taib Mahmud.
According to papers in our possession Najib Razak personally approved the deal, predominantly as a vote-buying exercise, which had been recommended by Chin. The proposal was fast-tracked directly through the Prime Minister’s own office, without review and without questioning the astonishing RM559million price tag.”
Read the rest of our article here and if Chin sticks his nose out of doors again between now and the election try asking him what happened to all that money!
Deputy Prime Minister Ahmad Zahid Hamidi today announced RM250,000 in allocation for the Royal Malaysian Police’s General Operations Force (PGA), Kuching camp, a day before its members are set to cast their votes in advance voting…
Zahid said he would also consider inspector-general of police Khalid Abu Bakar’s request for an allowance hike for his men, but indicated he would like to first see how they will vote.
“The inspector-general of police whispers to me at every meeting, asking ‘what about the allowances of men’.
“Ladies and gentleman, prove it to me. I have said and I delivered….
“I take care of my men in ensuring that they are promoted but before that, prove it to me first.
“If the evidence embarrasses me, then it is difficult for me to make the request to the prime minister,” he said…
Noting that tomorrow was an “important day”, Zahid urged PGA members present not to forget him and to “help” him.
He stressed that he was not campaigning for the election but then knowingly beckons Sim forward.
“I am not campaigning here… what I am doing is for the welfare of my men.
“I am not campaigning, but I want Sim to come forward a little, raise your hand a little,” he said to loud applause from the floor.
Never has anyone succeeded as well as Zahid in condemning himself by his own words.
This jumped up deputy is well known to be waiting for the right moment to stab his beleaguered boss in the back and take the job, whilst pretending to be so loyal.
By such public displays he has shown himself a very fitting successor to Najib, should Malaysia wish to remain a tin-pot, criminal state.
The rest of Malaysia should have no time for him. There are better prospects.
Najib said foreign interference could lead Malaysia into a chaotic situation as had happened to several Arab countries.
“We should not invite foreigners to interfere in our affairs. Let the internal affairs of the country be decided by the people themselves,” he said yesterday at a meet-the-people session in Matu, 67km from here.
Najib remarked that, surprisingly, a statesman who had once led Malaysia and who had prevented or denied foreign interference during his tenure has now called for foreign intervention.
He urged the people of Sarawak to shun any form of interference from outside by showing their support for Barisan Nasional. He said the people of Sarawak are duty-bound to decide their own future and decide how the state can become a developed and progressive state.
Flying ostentatiously around in helicopters at the expense of the people of Sarawak, Najib should realise that to them it is HE who is the bloody foreigner!
Why does he think the Sarawak for Sarawakians movement has the approval of approximately 80% of the population?
It is because he and BN have acted like a foreign power in their state, sucking out their resources and throwing beer and noodles back at them during election time.
They show no respect for the Dayak nor their culture nor religion and they publicly demand that a minority Malay must always control the leadership.
As for the on-off Borneo Highway, Najib has given the entire project to his pal Mr Bustari, ensuring it will become just another 1MDB-style operation, where his cronies can suck most of the billions away into Najib’s pockets and their own.
BN could not build a decent road to save their lives – it is simply impossible when every project they commission is prioritised around graft and not delivery.
Umno supreme council Mohamed Nazri Abdul Aziz has hailed the withdrawal of police escort for former premier Dr Mahathir Mohamad, saying it should have been done long ago.
Nazri, who is also tourism minister, said this is because Mahathir has been using police outriders to escort him to anti-government functions.
“He brought it upon himself. I don’t think he should get escorts as he is bashing the government that is providing him this privilege.
“It (the withdrawal) should have been done long ago,” he told journalists after visiting Sekolah Kebangsaan Kampung Buntal in Kuching today.
Nazri added the government had provided police escorts to Mahathir for his safety but the former premier instead chose to put himself in danger.
The withdrawal of Mahathir’s escort, effective April 28, was first revealed by veteran newsman A Kadir Jasin.
This is the self-same Mr Nazri who accepted a massive Hummer from Sabah’s convicted timber crook, Michael Chia, for his thuggish son to ride around KL with his own bodyguards inside.
After all, Nazri played a crucial ministerial role in keeping the heat off Chia’s money-laundering boss, Musa Aman, for whom he ran a raft of off-shore companies transferring timber kickbacks to Musa’s Swiss bank accounts at UBS.
Definitely worth a car and more for Mr Nasri!
As for Dr Mahathir’s escort. Most former political leaders retain protection and drivers to maintain security – and possibly also as a token of respect.
But, Mr Nazri clearly feels no need to show respect.
He is happy to be cheeky to his elders and ignore the protocols – and even to claim that Malaysia’s longest-serving former leader ought be denied his basic right to freedom of speech, if he criticises criminal behaviour and graft of the kind being indulged in on world record levels by Mr Nazri and his gang.
DAP candidate for Senadin Baru Langub has accused Deputy Prime Minister Ahmad Zahid Hamidi of possible bribery after the latter offered a school in his constituency RM500,000, only if BN wins.
“Ahmad Zahid’s obvious use of national resources to offer an exchange with voters raises suspicion of bribery,” he said in a statement today. He also questioned if Ahmad Zahid had violated the Election Offences Act 1954.
Yesterday, Ahmad Zahid who was in Miri announced an allocation of RM1 million for two schools within the constituency of Pujut. However, he said another school within the Senadin constituency would get RM500,000 if BN wins the constituency.
In his speech last night, Ahmad Zahid also denied his pledge had anything to do with the election.
“Maybe the other side will accuse me of all sorts of things but we want assemblypersons who can get allocations and they must come from BN,” he said.
It is a sad sad reflection of the collapse of morals in Malaysia that a Deputy Prime Minister can make such a blatant and illegal bribe, using public money against the people in this way.
Even worse, having committed such a faux pas he seeks to defend himself.
In any other democratic country he would not have lasted even one hour after this odious abuse of children’s right to education – his party would have thrown him overboard to mitigate the toxic reprisals from a shocked press and public.
But, Zahid’s boss is a guy who openly does the same and whose slogan is “if you help me I help you” prior to offering RM500 ringgit per longhouse door.
Malaysia is the only “democracy” in the world where the same party has held power for nearly 60 years. Which confirms that there is in fact no democracy and no rule of law in this corrupted state.
BN treat Sarawakians as though they are primitive “Aboriginals” whose freedoms can be palmed off with a few bribes and beers. If they allow them to get away with it BN will suck them dry and then leave them for dead.
Prime Minister Najib Abdul Razak has blasted the opposition for telling Sarawak voters that Putrajaya will increase the Goods and Services Tax (GST) if BN wins in the state election, describing it as “malicious propaganda”.
“I was in Sarawak in these few days to campaign. I heard rumours that the government will be increasing the GST rate after the Sarawak state election.
“I urge the people of Sarawak not to be trapped by the slander and lies of the opposition which has run out of political capital,” he said in a blog posting today.
Najib, who is also Finance Minister, reiterated that his government had no plans to increase the GST rate for now.
He said the rate will be maintained at six percent…..
Sarawak DAP chief Chong Chieng Jen had previously speculated that the GST rate may increase if BN is given a strong mandate.
Anyone would have imagined that it was not Najib himself who introduced GST and who is now using it to get his government out of a major financial mess.
So, why so outraged that people fear he may well put it up further to cover all the debts created as a result of the stolen billions from 1MDB?
Some of those stolen billions are this very moment being lavished on election bribes and parties in Sarawak, when an honest government would have used the public’s money wisely.
Najib has been proven to have lied and lied and lied again about the money stolen form 1MDB. So, what right has he to become outraged at a prediction that he is not to be trusted on this matter once he has grabbed another ‘victory’ in Sarawak?