steadyaku47

Friday, 20 May 2016

WSJ has further identified that US investigators have now directly traced over US150 million invested in Red Granite and roughly the same again in Riza’s properties to money “borrowed” from 1MDB.




London Mansion Is Under Riza's Name - Paid For By 1MDB!

London Mansion Is Under Riza's Name - Paid For By 1MDB!

2 Lygon Place, worth $34 m

A Najib family mansion in London’s Belgravia, originally identified by Sarawak Report, was bought in 2012 under an off-shore BVI company, which has now been shown to be beneficially owned by step-son Riza Aziz, according to the Wall Street Journal.

The paper also claims that investigators have now confirmed that the money used to buy it came from 1MDB!

The revelation comes in the same week that UK Ministers welcomed Najib to London to what Lord Marland, Chair of the Commonwealth Enterprise and Investment Council,  described as a “love-in” over Malaysian investments, such as the Battersea Power Station complex.

From junior banker to movie mogul - Riza Aziz

From junior banker to movie mogul – Riza Aziz

Both Marland and Foreign Minister, Hugo Swire, adopted the line to enquiring journalists that they “could not act judge and jury” over the 1MDB matter, which they described as being an ‘internal Malaysian affair’.

However, UK officials are looped in to the global money laundering investigations into 1MDB, by virtue of British banks, businessmen and off-shore entities involved, and therefore cannot have been unaware that this major investment in UK property has now been identified to have been funded by money stolen from Malaysia’s public development fund.

There are likewise concerns over a Notting Hill mansion belonging to the UK Director of PetroSaudi, Patrick Mahony, which can also be shown to have been purchased directly from money which the Malaysian Central Bank, 1MDB Board of Directors, Malaysian Public Accounts Committee and Malaysian Auditor General have all condemned for being misappropriated from the 1MDB PetroSaudi joint venture in 2009.

London mansion bought by PetroSaudi Director Patrick Mahony days after deal with 1MDB

London mansion bought by PetroSaudi Director Patrick Mahony days after deal with 1MDB

So, how have ministers justified their tolerance of Mr Najib, whom they know has also implemented illegal crackdowns on his own citizens for trying to raise these issues and establish investigations in Malaysia, when they had evidence that money was being laundered in London?
“I am not in a position to act as judge or jury. I prefer to leave that to
the Malaysian people and courts to determine the outcome of these accusations”.
[says Lord Marland, who has apparently kept himself conveniently unaware that Najib Razak has abused his executive powers in order to prevent the Malaysian people and its courts from taking action].

Not there to judge Najib?

Hugo Swire – not there to judge Najib?

However, anti-money laundering legislation, to which Britain has signed up, means that once corrupt monies are discovered to be invested in their jurisdiction, the matter is no longer merely a problem for Malaysians, who are being illegally denied their rights to an investigation by a blatant abuse of power by Najib.

It is also a matter of obligation for the British authorities to investigate and pursue!

Riza held business meetings at Lygon Place Mansion

Earlier this week Sarawak Report provided details of how Riza Aziz has furthermore pursued business from his London base, next door to which he has also hired ‘production offices’.

The Malaysian Prime Minister’s step-son has made clear through his managers that he has several millions at his disposal, which he wishes to invest in several global enterprises. Yet, there is little evidence available as to how this young man in his 30s, who worked for two years as a banking assistant in London, could have legitimately acquired this immense fortune, which has also enabled him to launch Red Granite Pictures in the US and to purchase at least two Beverley Hills properties as well as a New York Mansion.

Up to Malaysians not us? Lord Marland

Up to Malaysians not us? Lord Marland

Following extensive reporting by Sarawak Report, all denied by Riza and Red Granite, the WSJ has further identified that US investigators have now directly traced over US150 million invested in Red Granite and roughly the same again in Riza’s properties to money “borrowed” from 1MDB.

British Ministers may choose to say that 1MDB is Malaysia’s businesses and to take no notice of the fact that Najib has illegally abused his executive powers to close down judicial, parliamentary and his own party’s investigations against him.

They may further choose to ignore that he has cracked down on the public’s right not only of protest but even of freedom of speech on the matter, even via twitter, facebook and internet debate.

However, they cannot legally ignore money laundering in Britain’s capital city, once it has been drawn to their attention.