Najib and Arul Kanda have more serious explaining to do:
They should respond to this WSJ shocker: Malaysia’s 1MDB sent US$850m to entity set up to appear owned by Abu Dhabi wealth fund
A 1MDB unit transferred at least $850 million via three transactions last year to a British Virgin Islands-registered company with a name that made it look like it was controlled by IPIC, according to wire transfer documents viewed by the Journal and two people familiar with the matter.
The 1MDB fund sent the money to “Aabar Investments PJS Ltd.” which closely resembles the name of IPIC’s wholly owned subsidiary Aabar Investments PJS, the wire documents show….
Officials at IPIC say neither they nor any subsidiary received this money, the Journal reported.
One political analyst said more revelations like this are needed for us to have any hope of eventually cleansing the system.
1MDB did respond but its curt statement to the WSJ relevation doesn’t really enlighten us as to who owns “Aabar Investments PJS Ltd”.
Finally, check out Mahathir’s latest blog post blasting Najib’s performance at the recent Umno general assembly. The former premier is not about to misfire once he has his prey in the crosshairs.
Said one KL-based observer: “Surely, Umno supporters must finally wake up and say enough is enough! Mahathir’s blog post is worth reading. Credit to the old man: the threat of arrest does not faze him.”
Faced with ebbing support, Najib is now drawing even closer to a certain Hadi: