Tuesday, May 9, 2017
Najib & Rosmah conducted 1MDB business on their own :Why not seize the assets of Low Hock Peng,Vincent Tan ,and Bustari Yusof who were also present ?
by Ganesh Sahathevan
Larry Low Hock Peng
The IPIC "settlement" seems shaky,and the China "rescue" seems to have fallen apart.
A realistic avenue for the recovery of Malaysian taxpayers' money lost in the 1MDB debacle is needed, and while the US DOJ has an action to do so in play, Malaysians really ought to be helping themselves.
One possible solution may be the seizure of all and any assets held by Low Hock Peng (head of the Low Family,and father of Jho) ,Vincent Tan( head of the Berjaya Group of companies, father of Robin Tan) and Datuk Bustari Yusof of Sarawak.
As reported previously on this blog and by Sarawak Report, PM Najib and wife Rosmah illegally conducted 1MDB business with PetroSaudi on their own.It was also reported that those present during those dealings included Jho Low, Robin Tan,and Bustari Yusof. Arguing that Jho and Robin's presence had nothing to do with their families' business interests would be akin to splitting what hairs one might find on Arul Kanda's head, which seems to be in danger of being axed.
It is more likely than not that all three were parties to the business that was conducted,despite not having anything to do with 1MDB.
It follows then that the assets of all three, who represent their families, could be seized as a means of recovering what has been lost from 1MDB.
There are likely to be a number of legal means that might be relied on for the purpose, but Vincent Tan and family, and Bustari Yusof both are recipients of very lucrative government concessions that may be withdrawn at any time. These could be seized, placed in some form of public trust, and the proceeds used to recoup the 1MDB losses.
As with regards Larry Low Hock Peng and family, is it not time to drop the pretence that they are "old money" philanthropists? The same may be said of PM Najib, whose own brothers rejected his claim of "legacy family assets".
by Ganesh Sahathevan
Clearly visible in the photo are three sets of documents,which appear to be some form of prospectus (using that term in its broadest sense). Interestingly, Rosmah Mansor has her own copy. Obviously, this was no friendly holiday chat over drinks while taking in the sea breeze; detailed business matters were being discussed.
The photo above obtained by Sarawak Report shows PM Najib, wife Rosmah and Petrosaudi's Prince Turki Abdullah and Tarek Obeid in discussion, on board a yacht somewhere off the coast of the south of France.
In its own words, PetroSaudi's business dealings in Malaysia have been with 1MDB,and hence it is hard to see that the above discussion did not concern 1MDB.
The implications for Najib are obvious. To begin with the photo belies the(in any case idiotic) claim made by his lawyer that his "signature on 1MDB documents (is)a formality, doesn’t mean he decides or knows all." Consequently this photo adds to the existing evidence that puts him at the very centre of the 1MDB theft.
Then , the apparent involvement of Rosmah in 1MDB's affairs does seem to confirm the allegations regarding her, and her son Riza's dealings in 1MDB's cash assets.It is hard to see how Najib , or Rosmah can justify her being involved in discussions concerning 1MDB.