Tuesday, September 22, 2015

SR: Confirmed - US Authorities Have Investigated 1MDB Since March

Confirmed - US Authorities Have Investigated 1MDB Since March

Confirmed - US Authorities Have Investigated 1MDB Since March

22 SEP 2015

Welcome to America Mr Prime Minister
Welcome to America Mr Prime Minister
Following media reports in the United States, Sarawak Report can confirm that this news site handed over extensive data about 1MDB to a joint US investigation team back in March.
It means that the development fund and its prime fixer Jho Low, who holds American citizenship, have been under the scrutiny of US law enforcers for several months, during which time Low has posed as one of the country’s most generous philanthropists sitting on numerous boards, including that of the UN Foundation and National Geographic.
The law enforcement team, which travelled to London to collect the material, included staff from the Department of Justice’s Kleptocracy Asset Recovery Department and members of the FBI.
Jho Low and celebrity pals in the US
Jho Low and celebrity pals in the US
Sarawak Report has also provided similar data to the UK authorities and the Swiss authorities in recent days and weeks.
However, we can confirm we have received no such requests from the Malaysian authorities, who have chosen instead to incorrectly accuse Sarawak Report of failing to report the matter to the forces of law and order.
Much of the documentation received by the US and other jurisdictions relates to the 1MDB PetroSaudi joint venture set up in 2009 and it was originally provided by the Swiss national Xavier Justo, who is currently jailed in Thailand owing to denunciations against him by former PetroSaudi colleagues involved in the deal.
PetroSaudi Director Patrick Mahony went to Thailand to denounce Justo for spilling the beans
PetroSaudi Director Patrick Mahony went to Thailand to denounce Justo for spilling the beans
These individuals, currently themselves walking free, include the London based PetroSaudi directors Patrick Mahony and Timothy Buckland.
Neither of these men nor Jho Low have attempted to take legal action against Sarawak Report, despite their accusations of fraudulent reporting.
Together with Malaysian officials and UMNO media outlets, PetroSaudi have instead concentrated in recent weeks on their attempts to discredit Justo and their allegations that Sarawak Report ‘tampered’ with the evidence and supposedly ‘doctored’ documents.
Despite the complete lack of evidence behind such allegations, the Malaysian Government has responded by banning Sarawak Report, issuing an arrest warrant and attempting to place its editor on the Interpol Red Notice list.
However, these aggressive tactics have started to unravel just as the Prime Minister has set off on his first international tour since the 1MDB crisis struck his administration.
Vindicated by the Malaysian High Court The Edge Editor Ho Kay Tat saw the Home Ministry ban lifted yesterday
Vindicated by the Malaysian High Court – The Edge Editor Ho Kay Tat
Yesterday, The Edge newspaper, which also received copies of Justo’s material and reached the same conclusions as Sarawak Report about the missing billions of ringgit siphoned out by Jho Low, was yesterday vindicated by the Malaysian High Court, which ordered the Home Ministry ban on the newspaper should be lifted.
And Najib Razak now finds himself flying into New York amidst widespread reports that he is being investigated over PetroSaudi and also the US$681 million, which Sarawak Report revealed had been paid into his personal account just before the last election.
Najib’s 1MDB dealings with Goldman Sachs are also a major target for US investigators, after the US bank set eyebrows rising over the unusually high rates for money it raised for their Malaysian client.
Wanted in Malaysia, living in luxury in New York. 1MDB's Jasmine Loo has been found!
Wanted in Malaysia, living in luxury in New York. 1MDB’s Jasmine Loo has been found!
And in yet a further development, the New York Times hasrevealed that its journalists have tracked down one of the key witnesses hunted by Malaysia’s Bank Negara to assist in their own investigation into 1MDB’s missing billions.
Jasmine Ai Swan Loo was originally identified by Sarawak Reportas a key player in so-called Project Uganda, the operation orchestrated by Jho Low to channel money out of 1MDB and through PetroSaudi in order to buy up Taib Mahmud’s family concern UBG group.
Bank Negara subsequently placed wanted notices to interview her and her colleague at 1MDB Casey Tan, as well as Jho Low’s key lynch pin at UBG, 1MDB and SRC International, Nik Ariff Faisal Aziz – however, all had gone missing from Malaysia.
The New York Times have now tracked down Jasmine to a swanky apartment right under their noses in East 22nd Street, purchased in 2014 for an impressive $4.5 million.
Found one - Jasmine is hiding in New York!
Found – Jasmine is hiding in New York!
Working at 1MDB has clearly provided rewards for the inner circle of now wanted officials, despite the huge losses of public money sustained by the fund.
Perhaps Najib Razak could assist the remaining 1MDB enquiry by asking the New York cops to pick Jasmine up, so he can bring her back with him to face questioning in Malaysia?
[Sarawak Report remains Malaysia’s only banned website, accused on similar grounds to The Edge of “disseminating false information”.  As the judge pointed out in the case of The Edge, no examples have been provided by the Home Minister as to which ‘inaccuracies’ they are referring to as the basis for their ban and we conclude that it is likewise an illegal restriction that has been imposed on our site. Pending any appeal the restriction should therefore be lifted immediately in line with the judgement in Malaysia’s own High Court ruling].  

Robert Kuok Hock Nien notes on the past sixty years


 Robert Kuok Hock NienTan Sri Robert Kuok Hock Nien (born 6 October 1923, in Johor Bahru, Johor), is an influential Malaysian Chinese businessman. According to Forbes his net worth is estimated to be around $10 billion on May 2008, making him the richest person in Southeast Asia. He is media shy and discreet; most of his businesses are privately held by him or his family. Apart from a multitude of enterprises in Malaysia, his companies have investments in many countries throughout Asia.
His business interests range from sugarcane plantations (Perlis Plantations Bhd), sugar refinery, flour milling, animal feed, oil and mining to finance, hotels, properties, trading and freight and publishing.
Robert Kuok Hock Nien’s notes on the past sixty years
(On the occasion of Kuok Group’s 60th Anniversary 10 April 2009)
(1)        My brothers and I owe our upbringing completely to Mother. She was steeped in Ru-Jiao – the teachings of Confucius, Mencius, Laozi and other Chinese sages. Ru-Jiao teaches the correct behaviour for a human being on his life on earth. Mother gently, and sometimes strongly, drummed into the minds of her three boys the values of honesty, of never cheating, lying, stealing or envying other people their material wealth or physical attributes.
(2)        Father died on 25 December 1948 night without leaving a will. Following the Japanese surrender, he had re-registered the firm as a sole proprietorship. We went to court to get an appointment as managers, permitting us to continue to manage Tong Seng & Co. The judge said that, as there were two widows, the firm and the estate should be wound up.
(3)        We decide to establish Kuok Brothers Limited. In mid-January 1949, five of us met at a small roundtable in our home in Johore Bahru.
Present were my MOTHER, cousin number five HOCK CHIN, cousin number twelve HOCK SENG, my brother HOCK KHEE nicknamed Philip (a.k.a. cousin number seventeen), and myself (a.k.a. cousin number twenty). We sat down and Mother said, “Nien, would you like to start?” I said, “Fine, yes I will start.” To cut the long story short, we got started, and commenced business from a little shop house in Johore Bharu on 1 April 1949.
(4)        As a young man, I thought there was no substitute for hard work and thinking up good, honest business plans and, without respite, pushing
them along. There will always be business on earth. Be humble; be straight; don’t be crooked; don’t take advantage of people. To be a successful businessman, I think you really need to brush all your senses every morning, just as you brush your teeth. I coined the phrase “honing your senses” in business: your vision, hearing, sense of smell, touch and taste. All these senses come in very useful.
(5)        Mother was the captain of our ship. She saw and sensed everything, but being a wise person she didn’t interfere. Yet she was the background influence, the glue that bound the Group together. She taught my cousins and my brothers and me never to be greedy, and that in making money
one could practise high morality. She stressed that whenever the firm does well it should make donations to the charities operating in our societies. She always kept us focused on the big picture in business. For example: avoid businesses that bring harm, destruction or grief to people. This includes trades like gambling, drugs, arms sales, loan-sharking and prostitution.
(6)        We started as little fish swimming in a bathtub. From there we went to a lake and now we are in the open seas. Today our businesses cover many industries and our operations are worldwide but this would not have been possible without the vision of the founding members, the dedicated contributions and loyalty of our colleagues and employees, and very importantly the strong moral principles espoused by my mother.
(7)        When I hire staff I look for honest, hardworking, intelligent people. When I look candidates in the eye, they must appear very honest to me. I do not look for MBAs or exceptional students. You may hire a brilliant man, summa cum laude, first-class honours, but if his mind is not a fair one or if he has a warped attitude in life, does brilliance really matter?
(8)        Among the first employees were Lau Teo Chin (Ee Wor), Kwok Chin Luang (Ee Luang), Othman Samad (Kadir) and an Indian accountant called Joachim who was a devout Roman Catholic and who travelled in every day from Singapore where he lived.
(9)        I would like on this special occasion to pay tribute to them and in particular to those who were with us in the early days; many of whom are no longer here. I have already mentioned Lau Teo Chin (Ee Wor) and Kwok Chin Luang (Ee Luang) and Othman Samad (Kadir), there are others like Lean Chye Huat, who is not here today due to failing eyesight, and Yusuf Sharif who passed away in his home country India about one and a half years ago and the late Lee Siew Wah, and others who all gave solid and unstinting support and devotion to the Company. It saddens me that in those early difficult years these pioneers did not enjoy significant and substantial rewards but such is the order of things and a most unfortunate aspect of capitalism. However through our Group and employee Foundations, today we are able to help their descendants whenever there is a need to.
(10)      I have learnt that the success of a company must depend on the unity of all its employees. We are all in the same boat rowing against the current and tide and every able person must pull the oars to move the boat forward. Also, we must relentlessly endeavour to maintain and practise the values of integrity and honesty, and eschew and reject greed and arrogance.
(11)      A few words of caution to all businessmen and women. I recall the Chinese saying: shibai nai chenggong zhi mu (failure is the mother of
success). But in the last thirty years of my business life, I have come to the conclusion that the reverse phrase is even truer of today’s world: chenggong nai shibai zhi mu. Success often breeds failure, because it makes you arrogant, complacent and, therefore, lower your guard.
(12)      The way forward for this world is through capitalism. Even China has come to realise it. But it’s equally true that capitalism, if allowed
to snowball along unchecked, can in many ways become destructive. Capitalism needs to be inspected under a magnifying glass once a day, a super-magnifying glass once a week, and put through the cleaning machine once a month.
In capitalism, man needs elements of ambition and greed to drive him. But where does ambition end and greed take over? That’s why I say that capitalism, if left to its own devices, will snowball along, roll down the hill and cause a lot of damage. So a sound capitalist system requires very strongly led, enlightened, wise governments. That means politician-statesmen willing to sacrifice their lives for the sake of their people. I don’t mean politicians who are there for fame, glory and to line their pockets.
(13)      To my mind the two great challenges facing China are the restoration of education in morals and the establishment of a rule of law. You must begin from the root up, imbuing and infusing moral lessons and morality into youth, both at home and from kindergarten and primary school upward through university. Every Chinese needs to accept the principle of rule of law; then you have to train upright judges and lawyers to uphold the legal system.
(14)      Wealth should be used for two main purposes. One: for the generation of greater wealth; in other words, you continue to invest, creating prosperity and jobs in the country. Two: part of your wealth should be applied to the betterment of mankind, either by acts of pure philanthropy or by investment in research and development along the frontiers of science, space, health care and so forth.

Sajak: Tidak Mahu Bersatu



Sama ada 2.6 bilion baju merah
atau 3 juta ahli parti
bercampur pendatang tanpa izin
berarak dan mengamuk
dalam kelambu atau di jalanraya
mempertahankan para perompak
yang bertaraf politikus warlord
kami tidak mahu bersatu
sama-sama terbangsat
masuk dalam lubang kubur
dikencing generasi kemudian
yang hilang segalanya.

Kau boleh terus berlagak
secara retorik atau bersilat
mengangkat keris 
sebagai pahlawan kuno
berbohong, merompak dan sembunyi
dibelakang macai berbayar
atau dibawah skirt isteri
bertahan dengan perisai bangsa
tembok perundangan drakonian
melalui pendakwaan terpilih
mengikut kepentingan diri
tetap kami tidak mahu bersatu
sekadar menghalalkan cara
dosa-dosa hipokrasi
dan segala kebobrokan.

Bersatu untuk survival
dengan pelbagai slogan palsu
propaganda membalut bangkai
noda kabilah elit yang korup
kaya raya dan mewah
dengan perompakan siang hari
adalah pembodohan minda
kebangangan perjuangan mandul
sampa bila pun
kami tidak mahu bersatu
sekadar untuk mati katak
diatas nama ketuanan!