Friday, May 12, 2017

PM Najib's RM 1.125 Billion in HK accounts not a false allegation-Malaysia's AG Apandi has conceded as much, and may have admitted an 1MDB connection

by Ganesh Sahathevan 

Malaysia's Attorney General Mohamad Apandi Ali has withdrawn all charges of economic sabotage against UMNO whistle-blower Khairuddin Hassan and his lawyer Matthias Chang.Both have consequently been acquitted of charges laid in October 2015.

It was alleged then that they had attempted to sabotage Malaysia's banking and financial system by lodging reports concerning the theft from 1MDB in five different jurisdictions: France, the United Kingdom, Switzerland, Hong Kong and Singapore.

The Hong Kong report included details of some RM 1.125 Billion held in HK bank accounts, ultimately controlled by PM Najib Razak.

The fact that Apandi has now withdrawn all charges suggests that he concedes the allegations concerning Najib's billions in Hong Kong are not baseless. Apandi is a government man, and party man, so it does seem as if the Malaysian Government and the ruling UMNO are in agreement.
By extension, he also concedes that the monies in Najib's accounts have come out of 1MDB.


PM Najib's RM 1.125 Billion in HK & Tan Sri Larry Low ,faher of Jho 

by Ganesh Sahathevan

Overlooked in this week's reporting is this revelation ,with regards a  report lodged with Hong Kong Police by UMNO whistle-blower Khairuddin Hassan:

Four other companies are also suspect, added Khairuddin, because Najib is a signatory here and the accounts of the companies show that a total of RM1.125 billion has been kept at the Hong Kong branch of Credit Suisse. “I have requested the Hong Kong police to conduct comprehensive and detailed investigations on the financial sources of the companies concerned and their transactions.”
“I requested the authorities concerned to investigate Alliance Assets International Ltd; Cityfield Enterprises Ltd; Bartingale International Ltd; Wonder Quest Investments Ltd. All these companies have Najib as the signatory.

Khairuddin, at the same time, also lodged another set of police reports on Jynwell Capital (HK); Jynwell Charitable Foundation; and Strategic Resources (Global Ltd), all owned by Jho Low and family.

It has been established that the report included this document,which suggests that monies were transferred from Najib's AMislamic Bank and Singapore   accounts to accounts at Credit Suisse's branch in Hong Kong:

 The report against Larry Low concerns the Low family's takeover of Coastal Energy , a company formerly listed on the Toronto Stock Exchange.It has been alleged that the takeover was funded in part with funds from 1 MDB.The report points the finger at Tan Sri Larry Low as the mastermind of his son Jho Low's adventures. The reports taken together suggest  a base of operations  in Hong Kong.

Charges Against Khairuddin Abu Hassan and Matthias Chang

On Monday, 12 October 2015, Khairuddin Abu Hassan and his lawyer, Matthias Chang were charged under section 124L of the Penal Code, read with Section 34 of the Penal Code for attempting to sabotage Malaysia’s banking and financial systems.

The action has been questioned by certain parties, including in the article published in the Star on 12 October 2015, titled ‘Dr M, Ku Li team up to slam Sosma detention of 1MDB critics,’ as being an abuse of the government powers.

The Attorney General’s Chambers clarifies that both Khairuddin Abu Hassan and his lawyer, Matthias Chang are charged under section 124L of the Penal Code and not the Security Offences (Special Measures) Act 2012 (SOSMA).

The Attorney General’s Chambers further clarifies that the Security Offences (Special Measures) Act 2012 (SOSMA) is a procedural law that provides special measures to facilitate the investigation and prosecution ‘security offences”. The definition of ‘security offences’ makes it clear that the SOSMA is not limited to terrorism or terrorists.

The ‘security offences’ to which the Act applies are those listed in the First Schedule to the SOSMA. When SOSMA was enacted, the listed ‘security offences’ were offences under Chapter VII of the Penal Code (Offences against the State) and Chapter VIA of the Penal Code (Offences related to terrorism).

In 2014, the list was extended to include Chapter VIB of the Penal Code (Organised Crime) as well as offences under Part IIIA of the Anti-Trafficking in Persons and Anti-Smuggling of Migrants Act 2007. The list was further extended in June 2015 to include the Special Measures Against Terrorism in Foreign Countries Act 2015.

Section 124L, of the Penal Code is an offence under Chapter VI of the Penal Code. It was one of seven new offences introduced into Chapter VI of the Penal Code in 2012 through Penal Code (Amendment) Act 2012. It is therefore a ‘security offence’ to which SOSMA applies.

The seven new offences are namely:

Activities detrimental to parliamentary democracy (section 124B)
Attempt to commit activity detrimental to parliamentary democracy (section 124C)
Dissemination of information (section 124H)
Sabotage (section 124K)
Attempt to commit sabotage (section 124L)
Espionage (section 124M)
Attempt to commit espionage (section 124N)
These offences were in addition to the reenactment with modifications of certain offences which used to be in the Internal Security Act 1960, namely the new sections 124D, 124E, 124F, 124G, 124L and 124J. The above explanation can be seen in the Explanatory Statement to the Penal Code (Amendment) Bill 2012.

Section 124L, of the Penal Code provides that ‘Whoever attempts t commit sabotage or does any act preparatory thereto shall be punished with imprisonment for a term which extend to fifteen years.’

In this regard, section 130A of the Penal Code defines the term ‘sabotage’ to mean an act or omission intending to cause harm, among others, to the maintenance of ‘essential services’ while the term ‘essential services’ is defined to include banking and financial services.

The Attorney General’s Chambers provides this clarification on the provisions of law that have been applied in the case of Khairuddin Abu Hassan and Matthias Chang to prevent any further misleading statements, regarding the relevant provisions of law.

However, the Attorney General’s Chambers is not at liberty to divulge any facts pertaining to their cases as the matters are pending before the court.

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