Saturday, February 6, 2016

Raja Petra Kamaruddin,Paul Stadlen's Rakyat Post,put Turki Abdullah at centre of 1 MDB scandal

by Ganesh Sahathevan

The following was published by Rakyat Post and reproduced by Raja Petra Kamaruddin on his Malaysia Today. Given the statement by Saudi Foreign Minister Adel al-Jubeir ,these revelations show clearly a minor royal using his position to give his private ventures a veneer of respectability ,and while doing so ,playing a central role in what we now know is the theft of some US$ 4 billion from 1 MDB

“As Prince Turki is the founder and chairman of PetroSaudi International, he wrote using his Royal letterhead to Najib Razak ‘As a follow up to the dialogue we initiated, please find enclosed a letter from MY CEO’.”

“The second letter is from 1MDB lawyers Wong and Co with attachments of letters written by the CEO of PetroSaudi International to the 1MDB-PetroSaudi JV to demand repayment of US$700 million (RM2.61 billion) into PetroSaudi International’s JP Morgan Chase Account for account of RBS Courts Bank Ltd (544-7-4487)6).
“This clearly shows any transfers for fund into Good Star Ltd accounts was at the instruction of PetroSaudi International CEO and not by 1MDB.
“The third latest letter is a written confirmation by PetroSaudi International that the controversial Good Star Ltd company has always been fully owned by PetroSaudi alone (this has been proven to be a false assertion,but Turki's insistence can in fact be used against him)..
“Taken together, the above document trails clearly show that:
* 1MDB has never transferred any money to third party owned accounts other than to the 1MDB-PetroSaudi JV
* Good Star Ltd is and has always been a fully owned PetroSaudi company
The entire joint-venture was done with the full knowledge and in agreement with the highest levels of the Kingdom of Saudi Arabia leadership.”
As we now know, that last statement is also false.

This would not be the first time that Raja Petra Kamaruddin has provided the evidence.Those familiar with the Commercial IBT will recall how he proved that Anwar Ibrahim was involved in that matter.

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