Resolve 1MDB, FELDA, MARA and TABUNG HAJI MEGA SCANDALS
FELDA White Paper Infographic Poster
Azmin Ali, the Minister for Economic Affairs released a FELDA White Paper 10 April 2019. This inforgraphic poster was bsed on his speech in parliament. One of the most shocking things his speech was that FELDA had an average cash balance of RM2.5 billion between 2007 – 2011. They only had RM35 million in cash on 9 May 2018!
The last Parliamentary sitting of 2019 ended on 5 Dec 2019. Here’s the summary of progress on PH’s Institutional and Political Reform – Promise 13
Investigate Mega Scandal – FELDA
No money trail found in alleged RM3 mil payment to Isa, MACC officer tells court
14 January 2020
The Malaysian Anti-Corruption Commission’s (MACC) Mohamad Safari Abdullah who is the investigating officer in Isa Samad’s corruption case said that authorities did not find any money trail on the alleged bribe in 2017 by businessman Ikhwan Zaidel to Isa. Ikhwan had testified previously that he paid RM3.09 million to Isa. Safari said MACC did not find any money trail on the nine payments allegedly passed to Isa through his former aide, Muhammad Zahid Md Arip.
I was paid up to RM50,000 to collect money for Isa, says ex-aide
14 January 2020
Ex-aide of Tan Sri Isa Samad, Muhammad Zahid Md Arip said that he was given money money by Isa even though he didn’t ask for it. He was introduced to Ikhwan who later revealed his intention to sell Merdeka Palace and Suites Hotel in Kuching. Zahid submitted a proposal to the Felda Investment Corporation Sdn Bhd (FIC)’s then chief executive officer Mohd Zaid Abdul Jalil. However, Zaid decided not to buy it, so Isa called him and tried to pressure him by saying the then prime minister, Najib Razak asked Felda to reconsider the decision not to sell it.
Johari denies signing deals at Eagle High meet
24 December 2019
Former Finance Minister II Johari Abdul Ghani maintained that he did not approve Felda’s investment in Indonesia’s Eagle High Plantation (EHP) owned by Peter Sondakh, a close friend of former premier Najib Abdul Razak. He said that the investment was approved between Felda and the Prime Minister’s Office. He added that the Finance Ministry’s (MOF) team was tasked to guarantee that the procedure and process on the investment complied to the requisite securities.
I collected bag with RM300,000 in cash, witness tells Isa Samad trial
27 November 2019
Roney Zaidel said his brother Ikhwan told him on Aug 20, 2015 to meet Ikhwan’s friend, Azizi Abdul Wahab to collect RM300,000 in cash. Ikhwan was said to have given RM3.09 million to Isa for approving the purchase of Merdeka Palace Hotel and Suites, to which Ikhwan was then attached. Azizi passed RM300,000 in cash to Roney at a mamak restaurant. Ikhwan then went to Roney’s house, took and passed the bag to a Felda officer, called Zahid. Isa faces a charge of criminal breach of trust and nine counts of corruption for allegedly receiving over RM3 million at Menara Felda, Platinum Park, Persiaran KLCC between April 29, 2014 and Dec 11, 2015.
7 October 2019 – The prosecution in Mohd Isa Abdul Samat trial will prove the former FELDA chairman has received bribes that amount to RM 3 million for the purchase of a hotel in Kuching. The bribe was given by Ikhwan Zaidel, the director of Syarikat Gagasan Abadi Properties Sdn Bhd in 2014. These were mentioned in the opening statement the Deputy Public Prosecutor Afzainizam Abdul Aziz in the first day of trial. Mohd Isa is charged with Criminal Breach of Trust, in accordance of Section 409 of the Penal Code, in which he can be in prison for a maximum of 20 years, whipping and a fine if found guilty.
C4 – The opening statement by the prosecutor in this trial shows paints a picture of Mohd Isa, a UMNO politician with a checkered history, a person who would use his position to feed his greed. During the past Barisan Nasional administration, Mohd Isa spearheaded changes in the Federal Land Development Authority (FELDA) to a corporate giant to provide “sustainable” energy through palm oil. FELDA was established to help smallholder farmers from the Bumiputra community to improve their economic situation. Instead, Mohd Isa and other politically connected people plunder it to fund themselves and their political parties.
29 August 2019 – FGV group chief executive officer (CEO) Datuk Haris Fadzilah Hassan said FGV directors continued to work hard to revive the battered financials of the state-owned plantations group. “The board is very committed to driving the transformation and they have not shown any sign of slowing down with regard to this effort,” he said, adding that would be good for shareholders to recognise the effort.
C4 – The statement by FGV Group Chief Executive Office Datuk Haris Fadzilah Hassan at this press conference indicates positive steps have been made to ensure that FGV and FELDA will be brought up to good health. The struggle over the director’s fee for the past few weeks can be seen positively as the board, and the directors are keeping each other accountable.
C4 – This initiative is seen as a positive step by the administration to address the concerns of settlers in sustaining their farms with the growing volatility of Palm Oil prices. This initiative would hopefully attract children of the settlers to continue tending the family farm due to the higher income stream.
2 May 2019 – FELDA is considering to review the land lease agreement it made with its subsidiary FGV holdings. The review process is complicated which might impact stock prices and the revenue of FGV. This part of the reform that is needed to strengthen and reorganise FELDA.
C4 – It was herald that the formation of Felda Global Ventures Holdings Berhad (now known as FGV Holdings) in 2007 would modernise FELDA and bring prosperity to the settlers and the nation. Instead, FELDA was missed managed to the highest degree of incompetence to allow for it to be used to fund political activities of UMNO. The current administration commitment to solving FELDA’s problems is complicated by the complex contractual and financial tangle which slows down the progress for a change.
The Centre to Combat Corruption and Cronyism (C4) is deeply concerned with the findings of the government’s White Paper on the Federal Land Development Authority (FELDA) which was tabled in the Dewan Rakyat today by Economic Affairs Minister Datuk Seri Muhamed Azmin Ali. (C4 Press statement)
10 April 2019 – The White Paper on FELDA detailed that FGV and FIC made bad business decisions have to lead to the problems with its cash flow. The management took aggressive and unnecessary risk investment to get maximum returns.
C4 – The missed management of FELDA would not have happened if politicians were barred from leading the agency. Mohd Isa, a UMNO stalwart, has used it to fund UMNO and his own greed. The lack of professional leadership has lead to bad decisions being made as proper oversight was not made.
10 April 2019 – Mohamed Azmin Ali tabled a white paper called “Towards the Sustainability of FELDA” in parliament on 10 April. In his speech, the government has agreed to help FELDA settlers financially and moots a new business model for FELDA.
C4 – The FELDA white paper shows the dedication of the administration toward helping the bumiputra community as FELDA was an initiative to help poor Bumiputera families by providing an avenue for them to generate income. The long-awaited white paper detailed the results of comprehensive forensic auditing of the agency. It detailed the deficiencies, blame and areas of growth for FELDA. This comprehensive and honest white paper reflects well for the PH government to Promise 14 of their manifesto.
9 April 2019 – Azmin Ali, the Economic Affairs Minister, said that FELDA white paper that he will table on 10 April will expose the thieving ways of the previous management. He said this in an election campaign speech on 9 April 2019 in Rantau.
C4 – Azmin Ali’s fiery speech was to energize PH voter base and the people of Rantau on the corrupt ways of the previous BN government. FELDA is a highly regarded agencies by the majority of Malay electorate. This white paper will be a damning document on the corruption within the previous Barisan Nasional government.
9 April 2019 – A police report was made that alledges Najib Razak has lied to the board of FELDA for it to invest RM2.3 billion in Eagle High Plantations TBK that is owned by his friend, Peter Sondakh. This report was made at Dang Wangi police headquarters by FELDA director-general Othman Omar.
C4 – This police report exposes the wide reach of Najib Razak kleptomaniac tendencies that go beyond the 1MDB scandal. He has misused his powers to mislead a government agency to invest in a risky investment that benefited his friend.
8 April 2019 – Azmin Ali, while speaking to reporters after a ceramah in Rantau, said the upcoming FELDA White Paper will improve the economic standing of its settlers. FELDA and its settlers have been facing hard times due to the mismanagement and thief of their funds by the previous BN administration.
C4 – Azmin Ali uses the FELDA white paper to score points against Barisan Nasional. Some might say this swipe was justified as BN has nearly drained FELDA of its resources and put the livelihood of the settlers in danger. His comments gave hope to settlers which the PH administration will still help them even though most of them were seen as Barisan Nasional voters
4 Apr 2019 – The former FELDA Chairman and former UMNO MP, Mohd Isa Samad, was charged with one count of Criminal Breach of Trust (CBT) and nine counts of receiving gratification which told up to RM 3 Million. The trial was transferred from the Sessions Court to the High Court by Sessions Court Judge Azura Alwi. Mohd ISA pleaded not guilty on 14 December 2019 committing CBT at Menara FELDA on 29 April 2014
C4 – Mohd Isa’s transfer of his sensational trial to the high court by the AG chambers highlights the severity of his crimes. If the trail continued at the lower sessions court, Mohd Isa would have faced less serious punishment. Mohd Isa, who was chosen as guardian to the Crown Jewels for the elevation of the Malay people used FELDA to his own gratification. We hope this trial would reveal the extent of crimes and maybe flesh out any political motivations behind his actions.
3 April 2019 – On the 3 April 2019, Dr Mohd Radzi, the Deputy Minister of Economic Affairs mentioned that the FELDA White paper will be tabled in Parliament on Wednesday, 10 April 2019. Initially, the paper was delayed upon the advice of the Attorney General Chambers for certain legal reasons.
C4 – The greatly anticipated FELDA White paper will finally be table after much delay. This paper will finally resolve the suffering of FELDA Settlers who were manipulated by the previous administration.
27 February 2019 – This NST editorial ponders the revival of FELDA by the PH Administration. The second PM (Tun Abdul Razak Hussain) was credited in guiding FELDA to its current form with the aim to eradicate poverty amongst the Malays. The idea was a simple one, give poor Malay families land to grow cash crops which they keep the profits. In the subsequent years, FELDA settlers became an important political where 54 parliamentary seats were in FELDA areas. In a pale reflection of its past, FELDA is now saddled with RM8.05 billion in debt with little to no cash flow. This happened due to years of mismanagement and meddling by Barisan Nasional.
C4 – This is a damning report by the NST on Najib Razak destruction of FELDA, his father’s legacy, for political expediency and greed. It also points the finger at Mohd Isa Samad, former Negeri Sembilan Menteri Besar and UMNO strong man for the agencies failures.
17 Dec 2018 – Mohd Isa Samad, the former FELDA chairman was charged on 17 December 2018 for Criminal Breach of Trust over the purchase of Merdeka Palace Hotel in 2014. Mohd Isa Samad had a checkered history in UMNO, who is known to be a sweet talker which he used to his full advantage. Mohd Isa pleaded not guilty to all the 10 charges. If found guilty, Mohd Isa faces a maximum 20-year jail sentence, whipping and fine for the CBT indictment. Meanwhile, the bribery charges carry a maximum 20-year jail term and a fine of no less than five times the amount of gratification or RM10,000, whichever is higher, under Section 24(1) of the Malaysian Anti-Corruption Commission (MACC) Act 2009.
C4 – The former Menteri Besar of Negeri Sembilan and chairman of FELDA, Mohd Isa, finally was brought to court to face corruption charges. He is accused of receiving kickbacks amounting to RM 3 million. Mohd Isa held a stronghold amongst FELDA settlers due to charisma which gained UMNO substantial over parliamentary seats in FELDA dominated area. Support for UMNO in the past often come with the promise of a better life, however, this trial will show that Mohd Isa was only looking to better his own life.
Investigate Mega Scandal – 1MDB
Case transfer delayed as prosecutors fail to serve summons on Goldman
14 January 2020
Summons on Goldman Sachs from the prosecution was refused to be accepted on technical grounds. Deputy public prosecutor Zaki Asyraf Zubir told High Court judge Mohamed Zaini Mazlan that they needed a new date for the document to be accepted. Zaini set Feb 5 for the case to be mentioned. The prosecution has to delay the cases of RM27.2 billion (US$6.5 billion) 1MDB bonds against Goldman.
Court sets January 14 for mention of Goldman Sachs case
26 December 2019
January 14 is set for mention in the Kuala Lumpur High Court today set January 14 for mention of the government’s RM27.2 billion (US$6.5 billion) 1Malaysia Development Berhad (1MDB) bond case against Goldman Sachs (Singapore). The United States Department of Justice has estimated that about US$4.5 billion of loss from 1MDB between 2009 and 2014.
Goldman-1MDB case transferred to High Court
16 December 2019
The 1Malaysia Development Bhd (1MDB) US$6.5 billion bonds criminal case against Goldman Sachs and one of its Asian entities has been transferred to the High Court from the Magistrates Court. Malaysian government alleged that Goldman Sachs misled investors in the issue of the three 1MDB bonds and demanded the return of US$600 million that the investment bank pocketed as fees.
Putrajaya to proceed with suit against Goldman Sachs, says Guan Eng
12 December 2019
Finance Minister Lim Guan Eng revealed that Putrajaya will file legal action against Goldman Sachs in the middle of next year. Goldman Sachs could end up paying less than US$2 billion (RM8.4 billion) as part of its settlement with the US Department of Justice. Goldman Sachs aided the state investor raise US$6.5 billion between 2012 and 2013. Previously, Prime Minister Dr Mahathir turned down a very low compensation offer when US$7.5 billion is demanded from the bank.
1MDB audit report was sent to Najib before PAC, says witness
20 November 2019
The prosecution’s fifth witness, Nor Salwani Muhammad testified in court today that she had printed out 60 final copies of the final 1MDB audit report where six of the copies were passed to Ambri to be given to the former prime minister Datuk Seri Najib Razak, the former premier’s chief private secretary Tan Sri Shukry Mohd Salleh, former chief secretary to the government Tan Sri Ali Hamsa, Datuk Dzulkifli Ahmad from the Attorney General’s Chambers, and former 1MDB CEO Arul Kanda Kandasamy. Nor Salwani said one of the six copies were kept and given to Tan Sri Madinah Mohamad for safe-keeping. Madinah had succeeded Ambrin as Auditor-General in February 2017 and was replaced by Datuk Nik Azman Nik Abdul Majid, February this year. Before the report reaches the Public Accounts Committee (PAC) of Parliament through the National Audit Department (NAD), it was first submitted to Najib. Yesterday, Ali told the High Court that upon receiving the draft on Feb 22, 2016, Najib summoned him and then Auditor-General Tan Sri Ambrin Buang to a meeting during which he expressed his dissatisfaction with the report. Ali was asked to hold a coordination meeting on Feb 24, 2016 with representatives from the Prime Minister’s Office, Arul Kanda, NAD, the Finance Ministry and Attorney General’s Chambers to address Najib’s dissatisfaction with issues in the draft audit report. Najib and Arul Kanda have been charged with — tampering with the 1MDB audit report — was allegedly committed, as four contradictions in the report that do not favour 1MDB and Najib were removed.
PAC trial: Conflicting financial statements among issues removed from 1MDB audit report
19 November 2019
The prosecution witness, former chief secretary Tan Sri Ali Hamsa, said two conflicting versions of the 1Malaysia Development Bhd (1MDB) financial statements for the year 2014 were among the four issues removed from the 1MDB audit report the matter was raised during a meeting he chaired with representatives from relevant agencies on Feb 24,2016. The meeting was instructed by Najib to address his dissatisfaction in the 1MDB audit report by the National Audit Department (NAD). According to Ali, no minutes were recorded during the meeting and Arul Kanda denied various matters in the report, brushing them off as not factual.
Tampering of the Final 1MDB Audit Report: Removal of:
- Conflicting financial statement in 2014;
- The presence of fugitive financier Low Taek Ho at the 1MDB board of directors meeting relating to the Islamic Medium Term Notes (IMTN) investment;
- The agreement between Country Groups Securities Thailand and ACME Time Limited; and
- The delay in the issuance of IMTN bonds with Government guarantee.
Najib is accused of using his position in Putrajaya between Feb 22 and Feb 26,2016 to order amendments to the 1MDB final audit report before it was tabled to the PAC to avoid any action against him as urged by Arul Kanda.
MACC yet to identify RM18.904bil’s worth of 1MDB assets
5 November 2019
The Malaysian Anti-Corruption Commission (MACC) has yet to identify an estimated RM18.904bil worth of unidentified 1Malaysia Development Bhd (1MDB) assets. Its chief commissioner Latheefa Koya said the unidentified assets were currently being pursued in at least five countries. MACC is working with the National Financial Crime Centre (NFCC) that has just been formalised recently to locate, investigate and research where these properties are of multiple transactions. So far RM3.93bil and RM8.842bil worth of 1MDB assets have been identified by the 1MDB task force and the US Department of Justice (DoJ). On Oct 31, it was reported that the DOJ had struck a deal with fugitive businessman Low Taek Jho to recoup almost US$1bil (RM4.18bil) of money looted from 1MDB. Among the other 1MDB assets that have been recovered by the government was the superyacht Equanimity that was sold to Genting Malaysia Bhd for US$126mil (RM514.14mil) back in April.
20 October 2019 – The British newspaper The Guardian reported that Tranquility, formerly Equanimity, is being sold for US$200 million with a US$70 million profit going to its current owner. The yacht was bought by a company associated with the Genting Group from the Malaysian government in early 2019 for a price tag of US$126 million (roughly RM527 million) as an effort to repatriate funds taken from 1MDB. It was alleged that Jho Low bought the luxury yacht at the cost of US$250 million from funds illegally acquired from the 1MDB sovereign wealth fund. The yacht was seized by Indonesian authorities off the coast of Bali in 2018.
18 October 2019 – The National Anti-Financial Crime Centre (NAFCC) will lead a task force to recover 1MDB-linked assets from abroad. This was announced by Azam Baki, Malaysian Anti-Corruption Commission Deputy Chief, who said the task force was established a few days ago and its first task was to establish contact with foreign jurisdictions where such assets are believed to be in. The NAFCC lead task-force will work together with the Governance, Integrity and Anti-Corruption Centre (GIACC), the police, MACC and the Attorney General’s Chambers. Azam reiterated that roughly US$ 5 billion (RM20.75 billion) worth of 1MDB-linked assets parked overseas.
15 October 2019 – Ahmad Maslan, the UMNO supreme council member, who represented 42 entities that were issued compound notices by the MACC, made a statement that they did not know the money they received came from 1MDB. The MACC issued to around 80 entities compound notices on 7 October 2019 to recover RM420 million that they believed came from 1MDB. Ahmad Maslan, insist that the money given to them was from a political fund and that is allowed in Malaysian law.
10 October 2019 – Latheefa Koya, the Chief Commissioner of the Malaysian Anti-Corruption Commission made a presentation on the strategies the agency used to recover the assets of 1MDB at the Regional Workshop in Denying Safe Haven to Corrupt Officials and Stolen Assets in Bangkok, Thailand on 10 October 2019. At this workshop, she said that it is essential to share the MACC experience as the country have transnational and cross border issues where assets are in other nations and also to foster cooperation with other countries to repatriate these ill-gotten assets.
8 October 2019 –The Malaysian Institute of Translation and Books (ITBM) claimed that were not aware that the funds they received were from stolen 1MDB money. ITBM through a statement published on 7 October 2019, that they were only carrying out services by a customer, namely the Prime Minister’s office and the Prime Minister’s Department during Najib Razak’s time as PM. This statement was made in response to a list published by the MACC of persons and entities that received money from 1MDB.
C4 – The tangled web of the 1MDB scandal seems to have tarnished the reputation of the government agency that provides translation services. From this reporting, it is not known where has ITBM has channelled the stolen money.
4 September 2019 –Yayasan Genius (formerly known as Yayasan Permata) has allowed the forfeiture of RM4.9 million in relation to funds from 1MDB. This was done on 4 September 2019, when Dr Noraishah Spahat, a Yayasan Genius representative, raised no objection to a forfeiture suit by the MACC. In the 21 June, 2019 suit by the MACC named 41 individuals and entities who have received in total RM270 million. The foundation was one of the named entities.
C4 – The MACC received back the RM4.9 million stolen 1MDB money from the Yayasan Genius (formerly Yayasan Permata Malaysia). Dr Noraishah Spahat showed conviction and integrity towards the nation as the funds would have benefited the children that the foundation has been helping. The RM4.9 million given to the foundation can be seen as one of Najib Razak’s bad-faith ploy to “clean” his ill-gotten gains and distract the nation on the movement of his actions. It is hoped that the current administration would give a similar or larger grant, the amount forfeited back to the Yayasan Genius as a gesture of good faith and concern over the children within the foundation.
28 August 2019 – Former premier Datuk Seri Najib Razak played a pivotal role in amending the 1Malaysia Development Bhd (1MDB) articles of association in order to put him in the position of control of the company in a bid to enrich himself, said the prosecution in his 1MDB trial.
C4 – Najib Razak, the mastermind behind the biggest theft in the world. Today marks the day Malaysians will get to see the full extent of Najib Razak’s involvement in the 1MDB scandal which has allegedly enrich him, his family and cronies. At the same time depriving the nation billions of Ringgits. Justice will be served and lessons will be learned.
23 August 2019 – It was Datuk Seri Najib Razak who was responsible for the misappropriation of money from SRC International Sdn Bhd and not fugitive businessman Low Taek Jho, the High Court heard. Investigating officer Rosli Husain from the Malaysian Anti-Corruption Commission (MACC) repeatedly said Low, known as Jho Low, “had no interest in the case” during his cross-examination here yesterday.
21 June 2019 – The Malaysian Anti-Corruption Commission (MACC) filed 41 civil forfeiture suits to recover RM270 million stolen from 1MDB on 21 June 2019. Latheefah Koya, the MACC Chief Commissioner, said that she filed the suits two days earlier. The forfeiture suit was done under the Anti-Money Laundering Act to recover stolen assets that were believed to have been disbursed to politically linked individuals and entities.
C4 – The list of individuals and entities reveal the reach of the 1MDB scandal. They might have received the money knowingly or unknowingly, regardless of the intent, the stolen money needs to be recovered in order for us to close this shameful chapter of national history.
21 June 2019 – Azam Baki, the Malaysian Anti-corruption Commission (MACC) Deputy Chief Commissioner (Operations) said that a special task-force will be formed to recover assets related to 1MDB abroad, that is believed to around USD 5 billion or roughly around RM 21 billion. He said this on Friday 21 June 2019 at a press conference at the MACC headquarters in Putrajaya. He also added that there are many more 1MDB assets and assets of SRC International are in the United States, United Kingdom and Hong Kong. The government has only managed to recover around RM 919 million 1MDB assets.
21 June 2019 – The Malaysian Anti-Corruption Commission (MACC) named 41 individuals, organisations and business entities in its forfeiture application to recover RM270 million from the account of former Prime Minister, Najib Razak. The list provided by the MACC are as follows:
- Ibrahim Awang Ismail
- Kasitah Gaddam
- Ismail Abd Muttalib
- Hasan Malek
- Sim Sai Hoon
- Abdul Manan Ismail
- Pertubuhan Kebajikan Dakwah Islamiah Malaysia (Pekida)
- Akademi Pemuda
- Parti Bersatu Rakyat Sabah
- Yayasan Permata Malaysia
- Yayasan Tun Hussein Onn
- Badan Perhubungan Umno Negeri Kelantan
- Umno Bahagian Pekan
- Gerakan Belia Gagasan 1Malaysia
- MAC Pahang State Liaison Committee
- Sarawak United People’s Party
- Wanita MCA
- Liberal Democratic Party (LDP) Sabah
- Yayasan PBAKM
- Binsabi Sdn Bhd
- Rayhar Travels Sdn Bhd
- K&Z Enterprise Sdn Bhd
- IPG Mediabrands Sdn Bhd
- Media Edge CIA (M) Sdn Bhd
- Hattatex Trading
- Jakel Trading
- Jakel Trading Sdn Bhd
- Perano Sdn Bhd
- AGA Tough (M) Sdn Bhd
- Habib Jewels Sdn Bhd
- Naza Quest Auto Sdn Bhd
- Badan Perhubungan Umno Negeri Selangor
- Badan Perhubungan Umno Negeri Pahang
- Badan Perhubungan Umno Negeri Kedah
- Badan Perhubungan Umno Negeri Johor
- Barisan Nasional Bahagian Johor Bahru
- Badan Perhubungan Umno Negeri Sabah
- Pertubuhan Kebangsaan Melayu Bersatu
- Bustari Yusof
- Yayasan Penyelidikan Transformasi
- Yayasan Rahah
7 May 2019 – The first tranche of money that Red Granite Pictures received from 1MDB has been returned. The production company used the money to finance several movies, including the Oscar-winning “Wolf of Wall Street”. The company forfeited the money to the U.S. Department of Justice in 2016 following the nation’s largest-ever forfeiture complaint involving USD 1 billion. Tommy Thomas, the Attorney General, made this statement on 7 May 2019, that Malaysia receives part of the money that was sieged.
C4 – The 1MDB scandal made it onto the pages of The Hollywood Reporter, an entertainment trade publication, which reports stories on glamorous Hollywood stars and companies. This report reveals the brazen moves by 1MDB conspirators to use the development fund as their personal bank account.
16 April 2019 – On 16 April 2019, the Kuala Lumpur High Court has fixed a 15 days trial for former PM, Najib Razak and former CEO of 1MDB, Arul Kanda for tampering the audit report of 1MDB. It is expected that the trial would start from 18 – 29 November 2019 and 13 – 17 January 2020.
C4 -The collusion between the former Prime Minister, Najib Razak, and a professional hired to be the CEO of 1MDB, Arul Kanda, exposes the deficiencies and abuse of corporate regulatory standards. It is hoped that the trial in November will reveal the loopholes that they used to deceive the nation, for it to be closed off forever. Thus preventing another 1MDB scandal.
15 April 2019 – Najib Razak became the first Malaysian Prime Minister to be charged in a criminal court over the misappropriation of RM42 million from SRC International Sdn Bhd, a 1MDB subsidiary on 3 April 2019. Najib Razak was charged with one count of abuse of power under section 23 of the MACC Act 2009, 3 charges of criminal breach of trust under section 409 of the Penal Code and three charges under section 4(1)(b) of the Anti-Money Laundering, Anti-terrorism, Financing and Proceeds of Unlawful Activities Act 2001 for money laundering.
C4 – 3 April 2019, marks an important day in Malaysian history which proves the nation that above the view of the law, including a former Prime Minister. This trial will expose the methods in his devious plans to steal money from the country and how power was so easily abused. The trial would also herald the end of an embarrassing chapter in the country where we were once ruled by thieves.
4 April 2019 – In a press conference in Parliament, the Prime Minister is considering selling government assets to pare down the RM686 billion national debt. He reiterates that the sale will only be made to Malaysian nationals. This was necessary for light of financial scandals that the country face like 1MDB in recent years.
C4 – The impact of the 1MDB scandal will be long-lasting on our country. The amount of debt and interest that needs to be paid by the government would have been better used to improve the livelihood of Malaysians. It is sad to see that the government has to sell land just to clean up the mess of the previous administration
4 Apr 2019 – Genting Group has bought the Equanimity, a superyacht belonging to Jho Low for USD 126 million from the Malaysian government, it was revealed on 4 April. This was done as part of the effort to recover stolen 1MDB money.
C4 – Malaysia was able to recover around USD 126 million from the sale of Equanimity, which was Jho Low’s totem of excess paid by stolen 1MDB. This purchase can be viewed as a victory, however, it is believed that Jho Low has spent USD 250 million to commission the building of the yacht in 2014.
18 Mar 2019 – A trial date has been set for the pretrial hearing for a criminal case against Goldman Sachs Group involvement with the 1MDB scandal. The hearing was set on 24 June 2019. The New York-based bank is accused of misleading investors when it helped 1MDB raise $6.5 billion through bond deals in 2012 and 2013, while allegedly knowing that the funds would be misappropriated.
13 Dec 2018 – Former PM Najib Razak and former 1MDB CEO claimed trial to the charge of tampering 1MDB audit reports before it was submitted to the Public Accounts Committee. They both claim trial on 13 December 2019 at the Jalan Duta Courts Complex. The alleged tampering with the final audit report on 1MDB was revealed by Auditor-General Tan Sri Dr Madinah Mohamad on 25 November 2018 Two key amendments she revealed were the removal of a paragraph or paragraphs stating that businessman Low Taek Jho (Jho Low) had attended a meeting of 1MDB’s board of directors, as well as the removal of a paragraph or paragraphs stating that there were two versions of 1MDB financial statements for the year ending 2014.
C4 – This trial of two conspiring men in power, Najib and Arul, to hide the tracks of billions stolen money can be seen as unbelievable in crime movies. The brazen manner in which they lied to the Public Accounts Committees shows the extent of the corruption of the past Barisan Nasional Administration. Hopefully from this trail, justice will be served and nation will finally heal.
3 July 2018 – Najib Razak, former Prime Minister was arrested by the MACC for his connections with the thief of 1MDB money. He was arrested in his personal house and ushered to the MACC headquarters in Putrajaya. He is expected to charge for 1MDB related crimes on Wednesday, 4 July 2018.
C4 – The new PH administration should be commended on their swift action in holding the former PM, Najib Razak to account for his wrongdoings. It is hoped this will bring the people who have stolen the nation’s wealth to account and justice.
28 August 2019 – After 58 days of hearing at the High Court, the SRC International trial involving Datuk Seri Najib Razak being accused of misappropriating RM42mil of its funds has concluded. Proceedings were swift with only two postponements when the former prime minister contracted conjunctivitis and when his lawyer Harvinderjit Singh fell sick.
28 August 2019 – After 58 days of hearing at the High Court, the SRC International trial involving Datuk Seri Najib Razak being accused of misappropriating RM42mil of its funds has concluded. Proceedings were swift with only two postponements when the former prime minister contracted conjunctivitis and when his lawyer Harvinderjit Singh fell sick.
27 August 2019 – The High Court will deliver its decision on whether Datuk Seri Najib Razak needs to enter his defence for the SRC International Sdn Bhd case on Nov 11. Justice Mohd Nazlan Mohd Ghazali set the date on Tuesday (Aug 27), after Attorney-General Tommy Thomas formally closed the prosecution’s case against the former prime minister.
23 August 2019 – It was Datuk Seri Najib Razak who was responsible for the misappropriation of money from SRC International Sdn Bhd and not fugitive businessman Low Taek Jho, the High Court heard. Investigating officer Rosli Husain from the Malaysian Anti-Corruption Commission (MACC) repeatedly said Low, known as Jho Low, “had no interest in the case” during his cross-examination here yesterday.
22 August 2019 – Former SRC International Sdn Bhd director Datuk Suboh Md Yassin had requested for a secured accommodation from the Malaysian Anti-Corruption Commission (MACC) in order for him to give his statement last year, the High Court heard. Investigating officer Rosli Husain from the MACC recorded Suboh’s statement on May 28, 2018, at the Pullman Hotel in Putrajaya a day after he arrived from Indonesia.
20 August 2019 – The Malaysian Anti-Corruption Commission (MACC) never interrogated Sarawak Report editor Claire Rewcastle-Brown over an article published in 2015. The High Court here heard this when investigating officer Rosli Husain testified that he never met or conducted an investigation on Rewcastle-Brown over an article titled “Najib Razak’s Personal Accounts Linked To 1MDB Money Trail Malaysia Exclusive”.
9 August 2019 – The High Court here was told that five witnesses in the corruption case involving SRC International Sdn Bhd have since passed away. Investigating officer Rosli Hussain, of the Malaysian Anti-Corruption Commission (MACC), said this during examination-in-chief at the corruption trial of Datuk Seri Najib Razak here on Friday.
9 August 2019 – A Malaysian Anti-Corruption Commission (MACC) senior assistant commissioner told the High Court here that he failed to get the original minutes of meetings of SRC International Sdn Bhd (SRC) for 2013 because its former chief executive officer Nik Faisal Ariff had fled overseas. Rosli Husain, 54, from the MACC’s Special Operations Division, said this during the examination-in-chief by deputy public prosecutor Datuk Ishak Mohd Yusoff on the 51st day of the trial of former prime minister Datuk Seri Najib Razak over the alleged misappropriation of RM42mil in SRC funds.
8 August 2019 – Former Finance Minister II Datuk Seri Ahmad Husni Hanadzlah told the High Court here Thursday (Aug 8) that he personally met with Datuk Seri Najib Razak more than 20 times to voice his concern over the country’s administration. This includes the RM4bil loan by SRC International Sdn Bhd (SRC) from the Retirement Fund Incorporated (KWAP).
8 August 2019 – Former second finance minister Datuk Seri Ahmad Husni Hanadzlah said he lied when he told the press that his resignation in 2016 was not because of the 1Malaysia Development Bhd scandal. The 67-year-old said he did not tell the truth, because he wanted to cover for Datuk Seri Najib Razak, who was the prime minister then.
6 August 2019 – Former prime minister Datuk Seri Najib Razak allegedly told Datuk Seri Ahmad Husni Hanadzlah not to interfere when the latter advised him against 1Malaysia Development Bhd’s (1MDB) planned investments in oil and gas, the High Court heard on Tuesday (Aug 6). Ahmad Husni, 67, who was the second finance minister between 2009 and 2016, said he found out that 1MDB wanted to invest in oil services and production company PetroSaudi International Ltd in 2009.
6 August 2019 – “PM” was not the only way to refer to former prime minister Datuk Seri Najib Razak, as he was also referred to as Optimus Prime. The High Court heard that fugitive businessman Low Taek Jho, or Jho Low had referred to Najib as Optimus Prime in his Blackberry Messenger chats with former Ambank relationship manager Joanna Yu.
6 August 2019 – Datuk Seri Najib Razak’s former relationship manager did not suspect anything amiss during her dealings with fugitive businessman Low Taek Jho regarding the bank accounts of the former premier until 2014, the High Court heard. Joanna Yu,48, formerly attached to AmBank, agreed with suggestions by Najib’s lawyer Harvinderjit Singh during cross-examination here yesterday that she would have been reluctant to deal with Low, also known as Jho Low, had she realised there were red flags.
2 August 2019 – Fugitive businessman Low Taek Jho had tried to deceive a former bank relationship manager that RM27mil going into Datuk Seri Najib Razak’s bank account was a donation and not from SRC International Sdn Bhd, the High Court was told. Joanna Yu, who was attached to AmBank, agreed to suggestions by Najib’s lawyer Harvinderjit Singh that Low, or Jho Low, tried to deceive her.
1 August 2019 – The High Court heard that fugitive businessman Low Taek Jho and former SRC International Sdn Bhd CEO Nik Faisal Ariff Kamil ignored warnings about numerous cash deposits into AmBank accounts that belonged to Datuk Seri Najib Razak between 2014 and 2015. Joanna Yu , who was a former AmBank Bhd relationship manager, said she had cautioned Low, better known as Jho Low, and Nik Faisal, who was the mandate holder for Najib’s accounts, against receiving large cash deposits over the counter because it could raise money-laundering concerns.
29 July 2019 – A lawyer told the High Court here that Datuk Seri Najib Razak, in a defamation suit against former transport minister Tun Dr Ling Liong Sik admitted that RM42mil from SRC International Sdn Bhd went into his personal bank accounts. Ranjit Singh, who had acted for Dr Ling in that suit, said the former premier made the admission in an affidavit in response to his client’s statement of defence.
26 July 2019 – Fugitive businessman Low Taek Jho, better known as Jho Low, had asked former AmBank Bhd relationship manager Joanna Yu to delete the chat logs between them, the High Court heard yesterday. Speaking as a witness at the corruption and money laundering trial of former premier Datuk Seri Najib Razak, Yu confirmed that Low had asked her to clear her BBM (BlackBerry Messenger) chat logs.
25 July 2019 – The High Court heard that fugitive businessman Low Taek Jho, better known as Jho Low, insisted that the bank statements of Datuk Seri Najib Razak should not be sent to the former prime minister’s residence on Jalan Duta. Joanna Yu, a former relationship manager at AmBank Bhd, confirmed that Low said this in an e-mail exchange between them.
23 July 2019 – The High Court here was told that Datuk Seri Najib Razak received ‘gifts’ through fund transfers from overseas into his bank current accounts. Joanna Yu, 48, who was a former relationship manager at AmBank Bhd, said the former prime minister’s three current accounts had a high volume of transactions between 2011 and 2015.
22 July 2019 – The High Court heard today (Mon, July 22) that fugitive businessman Low Taek Jho had on occasions relayed messages, purportedly from Datuk Seri Najib Razak, to the relationship manager at AmInvestment Bank Bhd, who was handling the former prime minister’s accounts. Joanna Yu Ging Ping, who was testifying at the 41st day of Najib’s SRC International trial, said Low – better known as Jho Low – also sometimes acted as a contact person between her and former SRC International chief executive office Nik Faisal Ariff Kamil.
17 July 2019 – The former CEO of Yayasan Rakyat 1Malaysia (YR1M) Ung Su Ling told the High Court here that 1MDB, Petronas and Genting Group were the funders of YR1M, which was set up in January 2013.Ung, 51, the 49th prosecution witness, said this when cross-examined by Datuk Seri Najib Razak’s counsel Tan Sri Muhammad Shafee Abdullah on the 38th day of the former prime minister’s trial in relation to the misappropriation of RM42mil of SRC International Sdn Bhd’s funds.
16 July 2019 – Two credit cards belonging to Datuk Seri Najib Razak were used to spend RM3.3mil in one day at De Grisogono, a Swiss luxury jeweller, in Italy in 2014, the High Court heard. This was revealed by senior vice-president of Ambank in charge of credit card authorisation and fraud management Yeoh Eng Leong on the 37th day of the former premier’s trial in relation to the misappropriation of RM42mil of SRC International Sdn Bhd’s funds.
12 July 2019 – Koperasi Jayadiri Sdn Bhd (Kojadi) has written to the Malaysian Anti-Corruption Commission (MACC) regarding details of an RM15mil grant received by the cooperative from Yayasan 1MDB in 2012 to provide microcredit for the youth, said Datuk Seri Dr Wee Ka Siong. The MCA president said that under current laws, funding could be received in forms of grants, although this must first be approved by the Cooperatives Commission.
10 July 2019 – The procedure to transfer the ownership of SRC International Sdn Bhd from 1Malaysia Development Bhd to the Minister of Finance Inc (MoF Inc) was a “top-down” process. The application was sent directly to the prime minister for approval without going through the lower levels, the High Court heard.
3 July 2019 – Former SRC International Sdn Bhd director Datuk Suboh Md Yassin had no knowledge of the company’s “secret” bank account that received an RM2bil loan from the Retirement Fund Incorporated (KWAP) in 2011, the High Court heard. The 42nd prosecution witness made this admission on Wednesday (July 3) during cross-examination by defence counsel Harvinderjit Singh at the corruption trial of Datuk Seri Najib Razak, who is accused of misappropriating RM42mil in SRC International funds.
2 July 2019 – Datuk Suboh Md Yassin, 68, who is a former SRC International director, said he did so after he was instructed by former CEO Nik Faisal Ariff Kamil.“Nik Faisal contacted me and informed me that there was unfinished business regarding CSR,” he said yesterday.
2 July 2019 – A key witness told the High Court here that he had signed two directors’ circular resolutions (DCR) to appoint Ihsan Perdana Sdn Bhd as SRC International Sdn Bhd’s corporate social responsibility (CSR) partner despite being “on the run” in Bangkok in 2015.
22 June 2019 – The prosecution in former prime minister Datuk Seri Najib Razak’s trial of three money-laundering charges involving RM27mil of SRC International Sdn Bhd funds has served 26 documents containing more than 200 pages related to the trial to the defence team. Deputy Public Prosecutor Budiman Lutfi Mohamed told the High Court during Najib’s case management that they had given the trial-related documents to Najib’s legal team yesterday.
20 June 2019 – A witness in the SRC International trial told the High Court here he ran to Bangkok in fear in 2015 over the scandal that had befallen the subsidiary of 1Malaysia Development Bhd (1MDB). Retiree Datuk Suboh Md Yassin, 68, a former director of SRC, said he initially contacted the Malaysian Anti-Corruption Commission (MACC) to explain the situation in SRC which the commission was investigating.
20 June 2019 – The High Court was told that the Federal Government has to bear an RM4.15bil balance on the principal loan and interest as of May this year from the RM4bil loan taken by SRC International Sdn Bhd in 2012. To this day, the government is still servicing SRC’s RM4bil loan from the Retirement Fund Inc (KWAP) due to the company’s failure to pay its debt, a witness said.
18 June 2019 – Datuk Seri Najib Razak did not declare his interests in SRC International Sdn Bhd despite chairing a Cabinet meeting that discussed a memorandum relating to an RM2bil in government guarantee for the company. The High Court heard this on Tuesday (June 18) when former Cabinet deputy secretary-general Tan Sri Mazidah Abdul Majid testified in the SRC International case.
17 June 2019 – A witness and Datuk Seri Najib Razak’s defence team clashed over the word “government” the during the latter’s corruption trial involving RM42mil of SRC International Sdn Bhd. Former SRC board chairman Tan Sri Ismee Ismail, 54, insisted that in his state of mind, the word “government” in his written statement referred to the former prime minister.
17 June 2019 – The court was told that SRC International director Datuk Suboh Md Yassin may have been complicit with the company’s chief executive officer and managing director Nik Faisal Ariff Kamil in not informing the board of directors that RM140mil was invested into an alleged mining venture in South America.
11 June 2019 – Former prime minister Datuk Seri Najib Razak had full control over the administration of SRC International Sdn Bhd based on the amendment to the company’s Articles of Association. Tan Sri Ismee Ismail, 54, a former member of SRC International Sdn Bhd’s board of directors, said this after deputy public prosecutor Datuk Ishak Mohd Yusoff referred him to the amendment to Article 117, which was added into the Memorandum and Articles of Association of the company by Najib, who was also SRC advisor emeritus.
11 June 2019 – The board of directors of SRC International Sdn Bhd took a trip to a Swiss bank to ensure that the company’s money was safely kept, the High Court heard. Former board chairman Tan Sri Ismee Ismail said the issue of the funds in BSI Bank (now known as EFG International) kept arising, so the entire board went to meet the senior management of the bank in Lugano, Switzerland, in September 2013.
29 May 2019 – A witness told the High Court here on Wednesday (May 29) that former Prime Minister Datuk Seri Najib Tun Razak appeared “shocked and upset” upon learning that someone had transferred money into his private accounts. However, Ihsan Perdana managing director Datuk Dr Shamsul Anwar Sulaiman, 58, said Najib did not instruct him to lodge a report either with the police or the Malaysian Anti-Corruption Commission (MACC) pertaining to the fund transfer transactions.
16 May 2019 – Some RM42mil was deposited into Datuk Seri Najib Razak’s private bank accounts in 2014 and 2015 from Ihsan Perdana Sdn Bhd but the company’s managing director was unaware about who the recipient was. Datuk Dr Shamsul Anwar Sulaiman, in his testimony at Najib’s trial, said he would not have transferred the money if he had known the two AmBank accounts, ending with 1880 and 1906, belonged to the former premier.
14 May 2019 – Datuk Seri Najib Razak’s alleged instructions to the Retirement Fund Incorporated (KWAP) to approve loans to SRC International Sdn Bhd in 2011 were not recorded in the fund’s investment panel meeting minutes, the High Court heard.
8 May 2019 – The SRC International Sdn Bhd’s proposal on its future investments was merely superficial and looked good only on paper, the High Court heard. Witness Amirul Imran Ahmat, 39, testified that two former directors of SRC International – Nik Faisal Ariff Kamil and Terence Geh and another person Zahid Taib always chose not to talk about the RM2bil investment during their meetings with Retirement Fund Incorporated (KWAP) Investment board.
6 May 2019 – RM42mil from the account of Ihsan Perdana Sdn Bhd was transferred into two personal accounts belonging to former prime minister Datuk Seri Najib Razak. The Curve Affin Bank branch manager Noorhayati Mohd Yunus, 44, confirmed in the High Court that the transfers were based on Ihsan Perdana’s Affin Bank statements for the period between Jan 1, 2014, and Dec 31, 2015.
6 May 2019 – The High Court here was told that Datuk Seri Najib Razak signed a government letter of guarantee (LOG) for SRC International Sdn Bhd on RM2bil financing from Retirement Fund Incorporated (KWAP) for a period of 10 years. KWAP former assistant vice-president (Fixed Income Department) Amirul Imran Ahmat, 39, while reading out his witness statement, said the letter was signed by Najib who was then prime minister and finance minister on March 27, 2012.
3 May 2019 – 1Malaysia Development Bhd (1MDB) had failed to secure an RM3bil grant from the Economic Planning Unit (EPU) in 2010 to set up its subsidiary SRC International Sdn Bhd, a witness testified. The High Court heard that the state fund was instead given RM20mil as a launching grant to establish SRC International.
2 May 2019 – Former prime minister Datuk Seri Najib Razak was paid over RM1mil in a special golden handshake payment by the government in May last year, the High Court heard. Witness Zarina Yusuf, the deputy chief accountant at the Prime Minister’s Department, said the special payment of RM1.017mil was in accordance with Section 21(1) of the Members of Parliament (Remuneration) Act 1980, whereby a former prime minister is entitled to allowances and privileges that may be determined by the Cabinet from time to time.
2 May 2019 – The High Court here was told that former prime minister Datuk Seri Najib Razak approved a loan application amounting to RM3.95bil submitted by SRC International Sdn Bhd to Kumpulan Wang Persaraan Diperbadankan (KWAP) for use as revolving capital and unlimited general investment. KWAP’s former assistant vice-president (Fixed Income Department) Amirul Imran Ahmat told this to the court when referring to a letter, dated June 3, 2011, and addressed to the KWAP chief executive officer.
1 May 2019 – A total of RM4bil was credited into the account of SRC International Sdn Bhd from the country’s largest public services pension fund, Kumpulan Wang Persaraan (KWAP), the High Court heard. AmBank manager Wedani Senen, who is attached to the remittance centre, testified that a sum of RM2bil was transferred from KWAP to SRC International’s account on Aug 29, 2011.
30 April 2019 – A sum of RM1.9bil was credited into one of Datuk Seri Najib Razak’s private bank accounts between 2011 and 2013, the High Court heard. Part of the money was purportedly a donation from one “Prince Faisal al Turki” and the Finance Ministry of Saudi Arabia.
30 April 2019 – Event organising firm Solar Shine Sdn Bhd received an RM1mil cheque from Datuk Seri Najib Razak in 2015 for the promotion of the 1Malaysia programme nationwide. Company owner Datuk Lew Choon Lai told the High Court here that the funds were used for his voluntary ground campaign involving the poor Chinese and Indian communities and senior citizens.
29 April 2019 – An SRC International Sdn Bhd subsidiary was flagged as being a high-risk account and subjected to closer scrutiny, the High Court was told Monday (April 29). Ambank branch manager R. Uma Devi testified that Gandingan Mentari Sdn Bhd’s bank account with her company was flagged as high risk, thus receiving monthly monitoring from the compliance department.
29 April 2019 – The High Court was told that RM1.9bil was credited to one of Datuk Seri Najib Razak’s private bank accounts between 2011 and 2013. AmBank manager R. Uma Devi confirmed that parts of the money were purportedly a donation from one “Prince Faisal al Turki” and the Finance Ministry of Saudi Arabia.
26 April 2019 – Some RM14.5mil was credited into a bank account belonging to Datuk Seri Najib Razak whilst millions were circulated among his various AmBank accounts, the High Court heard. AmBank branch manager R. Uma Devi testified that account statements showed that the amount.
25 April 2019 – The eighth day of Datuk Seri Najib Razak’s corruption trial heard that a total of RM64mil went into an AmBank account belonging to the former prime minister in 2014 and 2015. A witness from AmBank shared in the High Court how numerous amounts were banked into the account during that period.
24 April 2019 – A bank processing officer told the High Court here that a total of RM50mil was credited into the bank account of Ihsan Perdana Sdn Bhd, the corporate social responsibility (CSR) unit of SRC International Sdn Bhd. Rosaiah Mohamed Rosli of Affin Bank testified that the bank received data through single credit confirmation advice on Dec 24, 2015, to credit the account of its client, Ihsan Perdana, with RM40mil from the AmIslamic Bank account belonging to Gandingan Mentari Sdn Bhd.
24 April 2019 – More than RM2.7mil, believed to be part of the RM42mil belonging to SRC International Sdn Bhd, was spent on social media exercises involving the Chinese community, the upkeep of a now-defunct news portal and political welfare programmes. The High Court was told that the administration of Datuk Seri Najib Razak paid RM300,000 to a private consulting firm for two months’ worth of Chinese media monitoring services.
23 April 2019 – Former prime minister Datuk Seri Najib Razak paid RM240,000 for the expenses of the now-defunct news portal Malaysian Digest. Datuk Onn Hafiz Ghazi told the High Court here that the portal received a cheque for RM240,000 under the name Vital Spire Sdn Bhd in 2015.
23 April 2019 – The administration of former premier Datuk Seri Najib Razak paid RM300,000 to a private consulting firm for two months’ service of Chinese media monitoring. Centre for Strategic Engagement (Cense) Sdn Bhd director Rita Sim testified at the High Court that the firm she co-founded was hired to monitor Chinese media content for the Prime Minister’s Office (PMO).
22 April 2019 – An RM50,000 cheque to the Umno Padang Serai division was made directly to the division chief Datuk Asmadi Abu Talib and not the party’s division bank account. Asmadi said the amount was not recognised in the division’s account as they were afraid of “problems” which could have surfaced, but he claimed the division leadership was “aware of the money”.
19 April 2019 – Cheques issued by an Ambank account belonging to former prime minister Datuk Seri Najib Razak was spent on upgrading works of his private residence including a storehouse and plumbing worth more than RM150,000, the High Court here was told. Sixth prosecution witness, interior designer Zulkarnain (one name only), 46, testified that he had been hired to build a storehouse at a home in Jalan Langgak Duta, between end 2014 and early 2015.
17 April 2019 – The High Court here was told that almost US$15mil was deposited into the SRC International Sdn Bhd account from Abu Dhabi-based Aabar Investment PJS (Ltd). Bank Negara manager Azizul Adzani Abdul Ghafar, 41, confirmed the transaction took place on April 2, 2015, during cross-examination by Datuk Seri Najib Razak’s lawyer Harvinderjit Singh.
17 April 2019 – A Bank Negara Malaysia manager has denied that he was being briefed by “certain quarters” to not tell the truth in the hearing of the alleged misappropriation of SRC International Sdn Bhd funds involving former prime minister Datuk Seri Najib Razak. Azizul Adzani Abdul Ghafar, who is the manager of the central bank’s Financial Intelligence and Enforcement Department, said he also disagreed with Najib’s counsel Harvinderjit Singh’s suggestion in court Wednesday (April 17) that he was “hiding something”.
16 April 2019 – A central bank analyst told the High Court here that original documents pertaining to the bank account of Ihsan Perdana Sdn Bhd were handed over to the Malaysian Anti-Corruption Commission (MACC). Ihsan Perdana is a company linked to 1Malaysia Development Berhad (1MDB).
15 April 2019 – Banking documents of former prime minister Datuk Seri Najib Razak and SRC International Sdn Bhd related to his corruption trial were taken during a raid of an Ambank branch in 2015, the High Court was told.Bank Negara Malaysia manager Azizul Adzani Abdul Ghafar, 41, said he and three other officers had raided the bank as part of an investigation under the Anti-Money Laundering Act, Anti-Terrorism.
12 April 2019 – Fugitive businessman Low Taek Jho, the alleged mastermind of 1Malaysia Development Bhd (1MDB), is believed to be residing in China, and has apparently travelled recently to Hainan, Hong Kong and Beijing, reports Sin Chew Daily.
4 April 2019 – Datuk Seri Najib Razak used half a million ringgit of the total RM42mil of laundered money he received to splurge on Chanel products at a US boutique four years ago, the High Court heard. Attorney-General Tommy Thomas revealed this at the much-awaited first day hearing of the former prime minister, who is on trial for laundering RM42mil linked to funds from SRC International Sdn Bhd.
1 April 2019 – As former premier Datuk Seri Najib Razak’s trial for seven charges of criminal breach of trust (CBT), abuse of power and money laundering in relation to SRC International Sdn Bhd funds involving RM42 million begins on Wednesday, the prosecution is expected to call one to three witnesses to take the stand on that day.
2 October 2019 – Former 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi told the High Court here that he had meetings with former Public Accounts Committee (PAC) chairman Datuk Seri Hasan Arifin after attending a PAC hearing in 2015 to be briefed on the contents of the report that was to be tabled in Parliament.
1 October 2019 – Brazen Sky Ltd, a company incorporated in the British Virgin Islands (BVI), was set up by Low Taek Jho and his associates specifically as a transit to repatriate 1Malaysia Development Bhd (1MDB) investments in PetroSaudi Oil Services Ltd (PSOSL) to Malaysia.
1 October 2019: Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi told the High Court here today that he had meetings with former Public Accounts Committee (PAC) chairman Datuk Seri Hasan Ariffin after attending the PAC hearing in 2015, to be briefed about the contents of the PAC report that was to be tabled to the parliament.
1 October 2019 – 1Malaysia Development Bhd’s (1MDB) loans needed former prime minister Datuk Seri Najib Abdul Razak’s approval, ex-1MDB chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi told the High Court here today.
1 October 2019 – Datuk Shahrol Azral Ibrahim Halmi brought home more than RM2.58 million in salary and remunerations before taxes in 2012 while serving as the chief executive officer at 1Malaysia Development Bhd (1MDB).
30 September 2019 – Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi told the High Court today he was not aware Aabar Investment PJS Ltd (Aabar BVI), the company which 1MDB paid US$576.94 million to as security deposit for a corporate guarantee, was not a subsidiary of International Petroleum International Corp (IPIC).
27 September 2019 – Four cheques issued by members of the Arab royal family that were made out to Yayasan 1MDB, dated 2010 for US$25 million each but never cashed, were produced in the High Court hereby the prosecution during Datuk Seri Najib Abdul Razak’s 1Malaysia Development Bhd (1MDB) trial yesterday.
26 September 2019 – Former 1MDB chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi told the High Court today that he sought the opinion of Low Taek Jho on whether to take over T. Ananda Krishnan’s power asset, Tanjong Energy Holding Sdn Bhd, back in 2011.
26 September 2019 – In March 2011, Datuk Seri Najib Abdul Razak signed fabricated minutes of a meeting with 1DMB chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi that was drafted by Low Taek Jho, the High Court was told today.
25 September 2019 – Former Terengganu Investment Authority Bhd (TIA) and 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi said 1MDB was exempted from being audited by the National Audit Department, as it presented a political risk to former prime minister Datuk Seri Najib Razak
25 September 2019 – The first chief executive officer of sovereign wealth fund 1Malaysia Development Bhd (1MDB), Datuk Shahrol Azral Ibrahim Halmi, said its board of directors (BOD) should not be blamed for the fund’s loss-making investments. The witness said this was because all big decisions, including those pertaining to investments, required the approval of Datuk Seri Najib Abdul Razak — who was then the premier, Finance Minister and the chairman of the fund’s board of advisers.
24 September 2019 – Former Terengganu Investment Authority (TIA) chief executive officer Datuk Shahrol Azral Ibrahim Halmi received RM70,000 from Low Taek Jho to speed up TIA’s issuance of RM5 billion bonds in 2009, the High Court was told today.
20 September 2019 – Datuk Amhari Efendi Nazaruddin told the High Court that he received “berpuluh ribu” (tens of thousands) in cash from former premier Datuk Seri Najib Abdul Razak after he embarked on “secret missions” to Abu Dhabi and China over 1Malaysia Development Bhd (1MDB) matters in 2016.
18 September 2019 – The defence in Datuk Seri Najib Razak’s 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial told the High Court here yesterday that fugitive financier Low Taek Jho had bandied about several big names as possible directors and trustees for the Terengganu Investment Authority (TIA) and its foundation.
11 September 2019 – Datuk Amhari Efendi Nazaruddin, who participated in Low Taek Jho’s (Jho Low) top-secret 1Malaysia Development Bhd (1MDB) meetings over the years, told the High Court that he deleted his emails that transpired in 2018, containing information on the meetings’ agendas.
5 September 2019 – Prosecution witness Datuk Amhari Effendi Nazaruddin admitted at the High Court today during the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial that he had in 2010, obtained a US$200,000 (about RM839,000) loan from Low Taek Jho to buy an RM1.85 million property in Kota Damansara, Selangor.
4 September 2019 – Former prime minister Datuk Seri Najib Razak (pictured) had told his special officer and fugitive financier Low Taek Jho, aka Jho Low, to cut infrastructure deals involving rail and gas pipelines with China’s state-owned enterprises to bail 1Malaysia Development Bhd (1MDB) out of its mounting debts, said a key witness in the 1MDB-Tanore trial today.
4 September 2019 – The High Court was told today that no one in the Prime Minister’s Office (PMO) dare to question Datuk Seri Najib Razak (pictured) regarding the source of funds received by him when he was the most powerful person in the country
4 September 2019 – At least two overseas bank accounts were opened and managed by Low Taek Jho to place political funds on behalf of Datuk Seri Najib Razak to help Barisan Nasional win Penang in the 13th General Election (GE13), the High Court was told today.
3 September 2019 – Fugitive businessman Low Taek Jho explained the formation of Terengganu Investment Authority (TIA) to former premier Datuk Seri Najib Razak’s aide by scribbling on a whiteboard in his apartment kitchen here.
3 September 2019 – Datuk Amhari Effendi Nazaruddin, the former special officer to Datuk Seri Najib Razak, told the court today that the former prime minister had frequently used fugitive businessman Low Taek Jho to give instructions to his special officers.
3 September 2019 –The late Datuk Azlin Alias, who was the lead person appointed by Datuk Seri Najib Razak to manage 1Malaysia Development Bhd (1MDB), was shocked to learn about the misappropriation of RM2.6 billion from the state-owned fund — possibly sometime before the end of February 2015 — which was previously dismissed as distortions by the opposition.
3 September 2019 – Fugitive businessman Low Taek Jho, who has been described as Datuk Seri Najib Razak’s close aide, was capable of influencing government bodies and international banks to conduct actions that fit his purpose.
29 August 2019 – AFTER months of delay, the former Prime Minister (PM) Datuk Seri Mohd Najib Razak’s 1Malaysia Development Bhd (1MDB) trial finally began yesterday after the conclusion of SRC International Sdn Bhd’s proceedings. The 1MDB trial is expected to be longer, more intense and complex as Najib is alleged to have received a total of RM2.08 billion.
29 August 2019 – ‘Jho Low was Najib’s alter ego, mirror image’
29 August 2019 – The smaller margin of victory by the Barisan Nasional coalition in the 2008 General Elections prompted former Prime Minister Datuk Seri Najib Razak to pay a digital communications agency RM2 million to strengthen his Government’s presence on social media.
29 August 2019 – Former Prime Minister Datuk Seri Najib Razak has made ‘unprecedented’ contributions to Chinese education and was a tolerant leader when it came to racial and religious matters, the High Court was told today.
29 August 2019 – Six months after Datuk Seri Najib Razak was appointed Prime Minister in 2009, a new article was added to Terengganu Investment Authority Bhd’s (TIA) articles of association to grant him significant control over the company, which eventually became 1Malaysia Development Bhd (1MDB).
28 August 2019 – Sri Ram’s opening statement at Najib’s 1MDB trial
28 August 2019 – Datuk Seri Najib Razak and his ‘alter ego’ Low Taek Jho, aka Jho Low, produced ‘sham’ letters and cheques to falsely represent 1MDB monies that entered into his bank accounts as donations from an Arab prince, the High Court was told today.
Investigate Mega Scandal – Tabung Haji
Putrajaya to bear RM10.3b cost of Tabung Haji’s rescue and restructuring plan
17 November 2019
The government will bear RM10.3 billion premium to ensure the financial health of Lembaga Tabung Haji (LTH) is restored as part of the rescue and restructuring plan of the pilgrimage fund. Urusharta Jamaah Sdn Bhd, which is a wholly-owned unit of Ministry of Finance (MoF) completed the transfer of non-performing assets valued at RM9.63 billion held by LTH in December 2018, as response from the financial mismanagement and wrongdoings by the previous management. The transfer was done from LTH to UJSB in exchange for RM19.90 billion. “The difference of RM10.3 billion between… RM19.90 billion and RM9.63 billion market value of assets is to be borne by the government to ensure that the financial health of LTH is restored,” UJSB said. UJSB pointed out that in the event the value of the assets depreciates further, the losses shouldered by the government will be higher than RM10.3 billion. The assets include a mixture of listed equity holdings, properties and one unlisted plantation asset. The huge difference between the market value and the purchase value of the land (95 per cent premium over market value), together with all the other assets acquired by UJSB will be borne by the government.
TH Plantations selling oil palm estates in Sarawak
5 December 2019
TH Plantations Bhd hands over its entire stake in Bumi Suria Ventures and Maju Warisan Sdn Bhd with estates planted with 6,513.8ha of oil palms in the Bintulu and Sibu to Tomaco Plantation Sdn Bhd for RM170 million. Post disposal, TH Plantations’ oil palm and rubber acreage will be lessened to 94,462.08ha.
2 October 2019 – The High Court has yet to fix the date to hear the prosecution’s application to transfer Abdul Azeez Abdul Rahim, former Tabung Haji Chairman, corruption case from the Session Court to the High Court on 2 October 2019. Abdul Azees’s defence team has no objection to the transfer application. The next case management for this trial will be held on 18 October 2019.
25 September 2019 – The trial involving Abdul Azeez Abdul Rahim, former Tabung Haji Chairman, and his brother Abdul Latif was postponed on 25 September 2019, after the prosecution applied for the case to be transferred to the High Court. Abdul Azeez was charged with three counts of accepting bribes worth RM 5.2 million and nine counts of money laundering amounting to RM139.3 million. Judge Azura Alwi set 2 October 2019 for case management and said that proceedings will start after that meeting.
17 April 2019 –Former Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim has claimed trial to 12 counts of graft amounting to RM5.2mil and money laundering totalling RM139.4mil over the procurement of government contracts. His older brother Datuk Abdul Latif was also hauled to court for allegedly abetting him on two occasions. Abdul Azeez, who is Baling MP, is accused of receiving RM1.2mil, RM2mil and RM2mil in three transactions from company director Mohammad Redzuan Mohanan Abdullah as a reward for himself in assisting Menuju Asas Sdn Bhd to obtain government projects. The projects, valued at RM842.2mil, involved upgrading and building of roadwork in Perak and Kedah.
“Yesterday’s revelations were a real shock to us. We knew that in 2017, there was a deficit of RM4.1 billion, but there were (loss) figures that were unrecorded. And yesterday, this was explained in a detailed and clear manner,” said Johor Baru MP Akmal Nasurullah Mohd Nasir.
15 January 2019 – Baling MP Datuk Seri Abdul Azeez Abdul Rahim and his brother Datuk Abdul Latif Abdul Rahim have been arrested by the Malaysian Anti-Corruption Commission (MACC). They were arrested at about 4.30 pm at the MACC headquarters in Putrajaya for a case involving corruption and money laundering.
19 December 2018 –TH’s COO has been remanded as the MACC conducts a probe against him. Police reports have been lodged on former CEO and four senior management staff over misuse of funds and wrongful conduct in a corporate deal.
Investigate Mega Scandal – FELCRA
Felcra not authorised to invest in shares: Witness in Bung Moktar’s trial
6 January 2020
Former Felcra general manager (Investment) Adnan Yusof told the Sessions Court on Friday that Felcra Bhd did not get approval to invest in shares. The process would require authorisation from the Minister of Finance Incorporated (MKD).Kinabatangan Member of Parliament Datuk Seri Bung Moktar Radin and his wife, actress Datin Seri Zizie Ezette A. Samad both pleaded not guilty against the allegations of bribery.
Ex-Felcra unit MD faces graft charges involving RM4 million
3 September 2019
A FORMER FELCRA subsidiary managing director will be charged tomorrow over the misappropriation of funds and distribution of training contracts worth RM4 million. Malaysian Anti-Corruption Commission sources told The Malaysian Insight that the man was arrested on September 18 last year. The 53-year-old faces several charges under the MACC Act 2009, they said.
C4 – FELCRA is moving in the right direction to improve its reputation. After years of mismanagement by the previous BN administration, they would finally get back the money stolen from corruption.
Bung and wife claim trial to Felcra corruption charges
3 May 2019
Kinabatangan MP Datuk Seri Bung Moktar Radin and his celebrity wife Datin Seri Zizie Ezette A. Samad are claiming trial at two Sessions Courts on charges of corruption, amounting to RM2.8mil over Felcra Bhd’s investment in unit trusts worth RM150mil.
Bung Moktar and wife arrested
2 May 2019
Kinabatangan MP Datuk Seri Bung Moktar Radin, who is facing three graft charges tomorrow involving almost RM3mil, has questioned the timing of his arrest with the Sandakan by-election taking place.
Felcra lodges MACC report after audit reveals irregularities
13 Dec 2018
Felcra Bhd has lodged a MACC report after an external audit revealed several discrepancies.
Investigate Mega Scandal – MARA
Mara to refocus: No more new investments except in education
21 December 2019
Mara is staying true to its commitment to reduce loss in other investments will only allow for new direct investments for the ones involved in the education sector. Entering into the new year, Mara has reiterated its commitment to cut losses and focus on investments in the education sector.
Mara Corp urges Mara to not delay asset transfer
29 October 2019
Mara Corp chairman Akhramsyah Muammar Ubaidah Sanusi urges the consolidation of all commercial entities under Majlis Amanah Rakyat (Mara) to Mara Corp Sdn Bhd Mara to ensure full compliance with the Ministry of Finance’s (MoF) instructions and in line with good governance practices set by the government. Akhramsyah said the agency is “taking its time” to transfer all of the related assets into the investment holding firm which might cause an unwanted stamp duty tax exemption which is worth more than RM10 million.
11 Feb 2019 – MARA subsidiaries are being consolidated under GLIC Mara Corp after the change of federal government. After the MARA Inc. scandal, leaders stated that “due diligence processes” were completed and issues resolved, stating the intention to continue the development of a “complete ecosystem in Mara’s commercial entities” to uplift the Bumiputera economy.
29 Jan 2018 – Analysis of MARA Inc. scandal reveals that property was transacted by its seller Australian businessman Lionel Harber at A$23.5 million (RM73.82 million) to an agent from an offshore company, who subsequently sold it to Mara Inc for A$41. 8 million mere weeks later. The publication reported that Mohammad Lan received A$3.2 million in his personal bank account shortly after payment was made.
Establish Commission of Inquiry to investigate and resolve mega scandals
A Royal Commission of Inquiry was not set up in the cases of 1MDB, Felda, Mara and Tabung Haji because investigations by several agencies are ongoing and the courts will decide on these cases.
- the investigation into 1MDB by a special team was started on May 21, 2018;
- the investigations into Felda, Mara and Tabung Haji have also begun;
- the leadership at 1MDB was revamped on June 28, 2018, and the administration at Felda and Tabung Haji were revamped on May 14, 2018.
2 Jan 2019 – Royal Commission of Inquiry (RCI) is unlikely to happen soon as it would result in conflict with the ongoing investigations by various enforcement agencies and institutions, but investigations into the scandals are underway
17 Aug 2018 – A Royal Commission of Inquiry was not set up in the cases of 1MDB, Felda, Mara and Tabung Haji because investigations by several agencies are ongoing and the courts will decide on these cases.
Review Governance structure of 1MDB, FELDA, MARA and TH to ensure an effective check and balance
21 October 2019: Nor Shamsiah Mohd Yunus, said in a CNBC TV interview on 20 October 2019, that the Malaysian government is undertaking structural reforms to strengthen the economy. These include the inoculation of a framework, structure and culture that will eradicate corruption and stopping another “1MDB-like” scandal from happening. She was quoted that some of the measures that the government are undertaking are:
- The establishment of the Governance, Integrity and Anti-corruption Centre
- The establishment of the National Anti-Financial Crime Centre (NAFCC)
- Bank Negara continual strengthening of compliance culture within the government and financial center.
“We cannot allow another 1MDB event to recur. This 1MDB affair has put a spotlight not just on Malaysia but also on banks in a number of other countries. And that is why we have the Financial Action Task Force (FATF) recommendations.”
FARF is an inter-governmental task force that aims to set standards, promote and implement measures to combat threats to the international financial system.
2 April 2019 – The High Court will hear the case of former Felda chairman Tan Sri Mohd Isa Abdul Samad, who is facing one count of criminal breach of trust (CBT) and nine counts of corruption, involving more than RM3 million.
The followed a decision by High Court judge Mohamed Zaini Mazlan in allowing the application by Mohd Isa to transfer the case from the Sessions Court to the High Court after the prosecution did not object to it.
4 April 2019 – Cabinet is discussing TH restructuring and recovery plan.
11 February 2019 – MARA subsidiaries are being consolidated under GLIC Mara Corp after the change of federal government. After the MARA Inc. scandal, leaders stated that “due diligence processes” were completed and issues resolved, stating the intention to continue the development of a “complete ecosystem in Mara’s commercial entities” to uplift the Bumiputera economy.
The Minister in charge of Islamic affairs explained that the dividend payments had contravened the Tabung Haji Act 1995 as TH had more debts than assets in the previous years.
Ensure key positions’ holders are professionals and no vested political interests
16 April 2019 – Malaysia needs to move on from the scandals of yesteryear, while the government continues with the clean-up jobs to build the right foundation for the country to rise up and reclaim the position among the leading economies globally.
1 Feb 2019 – Datuk Seri Dr Wan Azizah Wan Ismail conceded today that some of the recent appointments in government agencies were people who were members of Pakatan Harapan (PH) parties or their political associates.
8 Jan 2019: Azmin Ali, the Minister for Economic Affairs said on 8 January 2019, that “qualified politicians” can be appointed to head government-linked companies (GLCs). The surprising U-turn statement was made during his speech at the opening of the American Malaysian Chamber of Commerce in Kuala Lumpur. He further elaborated that that priority must be given to professionals first over politicians.
5 Jan 2019 – Khairi Jamaluddin, UMNO MP for Rembau has mocked Pakatan Harapan for breaking their promise to stop practising political appointments on 5 January 2019. This comment was made as a response on news that Rina Haru, the Minister of Rural and Regional Development and Bersatu Party MP, has appointed fellow party member Mohamed Haniff Khatri Abdulla as the Chairman of the Penang Regional Development Authority (PERDA). In the same NST article, it also states the appointments of Bersatu Supreme Council member Akhramsyah Muammar Ubaidah Sanusi as Mara Corporation Sdn Bhd chairman and former Universiti Kebangsaan Malaysia (UKM) deputy vice-chancellor Datuk Dr Sukiman Sarmani as Universiti Teknikal Mara (Unitek-Mara) chairman.
5 January 2019 – The son of the former Menteri Besar of Kedah, Sanusi Junid, was appointed as chairperson for MARA Corporation Sdn Bhd, an investment company for the Majlis Amanah Rakyat (MARA). This announcement was made by Rina Harun, the Rural and Regional Development Minister on 5 January 2019. Rina said, “This announcement was made after the Prime Minister consented to the suggestions made by the minister”.
Cease all dubious overseas investments made by these companies and bring back the fund
4 April 2019 – The government is considering selling some of its assets to further trim the national debt that is currently at valued RM686 billion. In light of recent scandals, Dr. M said, the prime minister said today. Tun Dr Mahathir Mohamad gave his assurance that any government assets sold, particularly its land, would only be to Malaysians. and not foreigners.
7 December 2018 – TH is scrutinising its loss-making investments in Indonesia.