Tong’s The Edge kantoi: yet again caught lying
1MDB probe shows PM Najib spent US$15m on luxury goods
(The Edge) – Prime Minister Datuk Seri Najib Tun Razak is alleged to have spent US$15 million (about RM59 million) on clothes, jewelry and a car in Malaysia and abroad, The Wall Street Journal (WSJ) reported, quoting 1Malaysia Development Bhd (1MDB) probe documents.
WSJ, quoting Malaysian investigation documents on bank-transfers involving 1MDB and Najib’s accounts, alleged he had spent the money in countries, including Malaysia, the U.S. and Italy.
“The Malaysian investigation documents, viewed by The Wall Street Journal, contains bank-transfer information that provides the most complete picture to date of the money that flowed through the prime minister’s accounts over a five-year period; the majority of it, investigators say, originating from 1MDB.
“They show for the first time [as to] how some of the money in Mr. Najib’s accounts allegedly was used for personal expenses. That included US$15 million in spending on clothes, jewelry and a car, according to the bank-transfer information, involving stores in the U.S., Malaysia, Italy and elsewhere,” WSJ reported.
WSJ reported that the Malaysian investigation documents showed Najib’s credit card was charged US$130,625 to Chanel in Honolulu, Hawaii, two days before Christmas Eve in 2014.
It was reported that on Christmas Eve that year, Najib was at Hawaii’s 18-hole Kaneohe Klipper course, for a round of golf diplomacy with US President Barack Obama.
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No 1MDB funds went into PM’s personal accounts
(Bernama) – 1Malaysia Development Bhd (1MDB) has reiterated it has not paid any funds to the personal accounts of Prime Minister Datuk Seri Najib Razak.
In a statement today, 1MDB said, following extensive investigations, this has been corroborated by multiple lawful authorities, who had confirmed that these funds came from Saudi Arabia.
It said despite this, the Wall Street Journal continued to repeat the same allegations, without providing any concrete evidence to justify these claims.
“We question the timing of this new round of attacks, coming as it does just days after 1MDB announced it had successfully completed the share sale-and-purchase agreement for Edra Global Energy Bhd,” it said.
Furthermore, 1MDB confirmed its intention to repay RM6 billion of its debt in the coming weeks, which will result in all short-term debt being removed from the company’s balance sheet, it said.
“These actions reflected the significant success 1MDB has made with its rationalisation plan, and we remain committed to ensuring the conclusion of this process despite the repeated attacks against the company,” it added.
