Hornbill Unleashed

August 25, 2016

Zaid: Only the stone-hearted will deny 1MDB scandal

Filed under: Politics — Hornbill Unleashed @ 9:01 PM

Zaid-IbrahimThose who claim that they do not understand how the Prime Minister could be at fault over the 1Malaysia Development Berhad (1MDB) saga or that the state-owned investment arm did not incur losses are “stone-hearted” individuals.

The same could also be said of those who alleged that the United States Department of Justice’s (DoJ) decision to file a 1MDB-related civil suit was to attack the Malay leadership, Zaid Ibrahim said at a forum on the 1MDB scandal in Kuala Lumpur last night.

“Investigations by the Federal Bureau of Intelligence clearly show how 1MDB monies disappeared. Read it first before claiming you don’t understand,” Zaid said, targeting his words at Umno and PAS specifically.

He posted his speech in his blog today.

The former Umno minister also said there were many “stone-hearted individuals” who would not demand for a police investigation and would even prefer if authorities would not conduct any investigation.

“Therefore, Amanah must explain to the people what was happening,” he said referring to the PAS-splinter party in a speech he made at the forum.

“We have to work hard in order for those stubborn Umno and PAS members to change their ways and see the truth for what it is.”

Zaid, went on to urge Amanah to go all out against PAS, a party he said for the past 60 years had been opposing tyranny, yet was now comfortable with controversies surrounding 1MDB.

In July, the DoJ filed lawsuits against several individuals and firms saying that over USD3.5 billion had been misappropriated from 1MDB.

In the lawsuits, filed in Los Angeles, the DoJ sought to seize assets “involved in and traceable to an international conspiracy to launder money misappropriated from 1MDB.”

It specifically named Riza Aziz, who is Prime Minister Najib Razak’s stepson, Low Taek Jho (better known as Jho Low), and Abu Dhabi government officials Khadem al-Qubaisi and Mohamed Ahmed Badawy Al-Husseiny.

The DoJ’s seizure of more than USD1 billion worth of assets, the single largest seizure in US history, was expected to include properties and other assets purchased with money allegedly misappropriated from 1MDB.

FMT Reporters


1 Comment »

  1. Najib is in a compromised position due to his embezzlement of 1MDB funds. China is gleefully taking full advantage of Najib’s naked position by bailing out 1MDB in return for political leverage. Malaysia has lost its negotiating power. China can now expand its occupation of Malaysia’s EEZ in the South China Sea. Sarawak and Sabah will lose big time.

    Comment by Jasmani — August 26, 2016 @ 6:15 AM | Reply

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