Analysis of the 25 charges against Najib on 1MDB filed on 20 Sept 2018 related to RM2.6b
Anti-Wayang
All in all there are 21 charges by Police and 4 charges by MACC.
Before we proceed, it is important to know that the RM2.6b is actually wrong as the amount in Ringgit was based on the weakened exchange rate in July 2015 when the case was exposed. The real amount is less than this as the USD to MYR rate was stronger when the transfers into Najib’s account was made.
The 21 charges by police can be grouped into 3 – Receiving the money, using the money and repaying the money – all which happened between the months of March to August in 2013.
Group A: Receiving Money from Tanore (RM2.08b)
1 That he received RM155 million from a Tanore Finance Corporation account in Falcon Bank, Singapore on March 22, 2013;
2 That he received another RM155 million from Tanore Finance Corporation on March 22, 2013;
3 That he received a third transfer of RM155 million from Tanore Finance Corporation on March 22, 2013;
4 That he received RM188 million from Tanore Finance Corporation on March 26, 2013;
5 That he received RM231 million from Tanore Finance Corporation on March 28, 2013;
6 That he received RM138 million from Tanore Finance Corporation on March 28, 2013;
7 That he received RM152 million from Tanore Finance Corporation on April 8, 2013;
8 That he received RM304 million from Tanore Finance Corporation on April 9, 2013;
9 That he received RM602 million from Tanore Finance Corporationon April 10, 2013
The first 9 charges totals RM2.08 billion which Najib received from Tanore just before GE13 held on 5 May 2013.
Group B: Using the Money from Tanore (RM35.05mil)
10 That he engaged in money laundering by paying RM20 million to Umno on Aug 2, 2013;
11 That he engaged in money laundering by paying RM100,000 to Umno’s Batu Kawan division on Aug 7, 2013;
12 That he engaged in money laundering by paying RM246,000 to Lim Soon Peng on Aug 7, 2013;
13 That he engaged in money laundering by paying RM2 million to ORB Solutions Sdn Bhd on Aug 12, 2013;
14 That he engaged in money laundering by transferring RM12.4 million to another Ambank account belonging to him on Aug 30, 2013.
15 That he engaged in money laundering by paying RM303,000 to Semarak Consortium Sdn Bhd on Aug 14, 2013;
Najib is thus charged for using RM35.05 million which includes paying RM20.1 million to UMNO, RM2 million to Orb consulting which is known as the contractor for social media work for BN. The purpose for the RM246k payment to Lim Soon Peng who is the owner of listed Titijaya construction Bhd has yet to be ascertained but is believed to be related to the various NGO associations that Mr Lim runs. The purpose of the RM303k to Semarak Consortium is also unknown. However the sole owners are husband and wife with the husband known as a key speech-writer for Najib.
Najib is also charged for money laundering for paying Najib! Meaning he was charged for transferring the money from one account to another account of his.
Group C: Returning the Money to Tanore (RM2.184 billion)
16 That he engaged in money laundering by transferring RM326.8 million to Tanore Finance Corporation on Aug 15, 2013;
17 That he engaged in money laundering by transferring RM327.3 million to Tanore Finance Corporation on Aug 15, 2013;
18 That he engaged in money laundering by transferring RM181.8 million to Tanore Finance Corporation on Aug 22, 2013
19 That he engaged in money laundering by transferring RM545.8 million to Tanore Finance Corporation on Aug 23, 2013
20 That he engaged in money laundering by transferring RM150 million to Tanore Finance Corporation on Aug 27, 2013
21 That he engaged in money laundering by transferring RM652 million from his Ambank account to Tanore Finance Corporationon Aug 2, 2013
The remaining 6 charges are for returning the money to Tanore and totals RM2.1837 billion.
This means Najib was charged for receiving the money from Tanore (RM2.08b) and then charged again for returning the money to Tanore (RM2.187b).
More incredibly, Najib returned more money to Tanore than he received.
What kind of thief is this to return more money than he received and those he spent, he spent on political activities and not for personal use.
The remaining 4 charges from MACC are merely tacked-on charges which are called “Predicate Charges” relating to Najib as Chairman of Board of Advisor of 1MDB approving 1MDB to issue bonds.
These are really strange charges and this is a really strange thief.
However with yesterday’s charges, one thing that is confirmed is that Najib did not keep or spend billions on himself or family.
THE 21 CHARGES
https://youtu.be/jbzh6EtUq8k
https://www.youtube.com/watch?v=G2MDroYH-Ec
