Najib Razak's Saudi benefactor does not fund anything outside Saudi Arabia, and shows no evidence of donation to Malaysia, Najib.
by Ganesh Sahathevan
Sarawak Report has today made further allegations about Najib Razak and in doing so repeated the allegation that investigation papers show one Saud Abdulaziz Majid al-Saud to be the source of Najib's USD 681 million donation (see article below). Neither Najib Razak nor the Malaysian Government have denied that "Saud Abdulaziz Majid al-Saud" is the source of funds on record.
There are therefore reasonable grounds to believe that Saud Abdulaziz Majid al-Saud is in fact the source of funds and as Sarawak Report disclosed, the Al-Saud whose name most closely matches the name on record is HRH Prince Abdulaziz bin Majed bin Abdulaziz Al Saud.the former Governor of Medina.
The prince has his own charity named after his father, .The Society of Majid Bin Abdulaziz for Development and Social Services. It is run professionally and is concerned only with the well being of Saudis.It is therefore unlikely that it provided any money to Najib or Malaysia.In fact, its own rules or charter would prevent it from doing so.
Then , the Foundation itself INVITES external sponsorship and donations. If anything, Najib and Malaysia would have been invited to make a contribution. If then a donation of any sort, never mind one close to a billion dollars had in fact been made, the prince's charity would have had to disclose the fact publicly. To not do so can be construed as a fraud on the public,who are invited to contribute to a specific purpose,
There is no evidence of any donation to Malaysia,its prime minister, or any individual named Najib Razak.
The above can be easily disproved by a public announcement from Saud Abdulaziz Majid al-Saud,The Society of Majid Bin Abdulaziz for Development and Social Services, or any other Arab or Al-Saud who might want to claim the glory of such a generous gift.
END
6 Oct 2015
His Highness the Fake Sheikh! - We Expose Najib's Mystery 'Donor'! EXCLUSIVE
6 Oct 2015
The name given was ‘His Highness Saud Abdulaziz Majid al-Saud’.
We have ascertained that this identity was first provided to explain an original payment of US$100 million, which was passed into Najib’s AmPrivate Banking account in Kuala Lumpur back in February 2011.
The bank had required details of the sender from the agent who was managing the transfer on behalf of the Prime Minister and a letter was purportedly then sent from the office of this individual to the bank.
Our sources tell us that this letter, which has been retained by the bank, was sparse on details but alleged to be from the ‘Private Office of Saud Abdulaziz Majid al-Saud’, without giving an address or telephone number.
The letter was signed by ‘Saud Abdulaziz al-Saud’.
Compliance issues at AmBank?
AmBank compliance issues!The CEO of AmBank, Ashok Ramamurthy, who was on attachment from ANZ Bank, stepped down in January following a compliance audit of several billion ringgit of loans to 1MDB – the issue remains subject to major criticism by opposition politicians.
The fact that the Prime Minister was able to receive huge private donations with such a cursory scrutiny of the donor certainly presents a major problem for the bank.
In particular, Sarawak Report has established that anti-money laundering and anti-terror legislation in Saudi Arabia (given theSaud name) means that all its citizens are required to provide passport verification for any individual involved in the transfer of substantial sums. This includes any citizen who is using a BVI off-shore company.
A letter without a contact address and no accompanying identification documents represents a laughable verification check and one can only assume it was let through by the bank because the recipient was the Malaysian Prime Minister, who nevertheless comes under a high category of concern as a politically exposed person.
Zahid alleged the money was to support Najib’s anti-Israeli stanceWe have learnt that at least four payments were received into the Prime Minister’s account accompanied by the same sender identification between 2011 and 2013, including the two totalling US$681 million, revealed by Sarawak Report in July.
The second transfer was for a sum of US$200 million, meaning that a total of a billion dollars was transferred by this alleged Saudi royal philanthropist supposedly in favour of UMNO into Najib’s account.
This information was corroborated by the Malaysian Anti Corruption Commission (MACC) in July, when officials stated they had seen four letters from the same donor to the bank.
It indicates that this alleged donor had been passing huge sums of money to Najib far in advance of the General Election, the original reason given, for wider purposes that remain unclear.
The matter envelopes a growing circle of international regulatory authorities in Malaysia’s escalating financial scandal, since both Australia and New Zealand as well as Saudi Arabia are now faced with a flouting of their basic banking rules and anti-terrorism laws.
Fake Sheikh?
Meanwhile, our enquiries into the identity of this ‘Saudi Royal’ figure have drawn an interesting blank. Saud Abdulaziz Majid al-Saud appears to be a variation on a common royal name, but does not actually refer to any specific individual.Yet the newly appointed Deputy Prime Minister Zahid Hamidi claimed to have met a Middle Eastern “King and Prince” from the alleged “donor family”, shortly after taking over from Muhyiddin Yassin, who had questioned the donation before being sacked by Najib:
He [Zahid] said the “king and prince”, whom he did not name, had donated the money because of Malaysia’s commitment in fighting terrorism, and being a moderate Muslim country with a plural society….Likewise, the Malaysian Anti Corruption Commission reported officials had been introduced to individuals purporting to be the donor who had sent the letters they had seen at AmBank:
“Those were the answers given to me when I asked them the reason for their donation. They also told me that Malaysia was not the only country they have donated money to.
“They have also helped other Islamic countries,” he said .. The Umno vice-president, elaborating.. said the donors were an “Arab king and prince” and the family decided to make the huge donation also because of Datuk Seri Najib’s anti-Jewish stance..
“Because of that, the Arab king, Arab prince generously made the political donation for use during the 13th General Election,” Malaysian Mail Online quoted him as saying.
Datuk Seri Ahmad Zahid also said the donor wanted to keep Umno and the ruling Barisan Nasional coalition in power. [Straits Times]
In a statement, the commission said it had found out about the donors’ details through bank documents.
“MACC has obtained explanation from the donors who originated from the Middle East and they have verified the donation.
“The RM2.6 billion donation has no connection at all to 1MDB,” the anti-graft commission said in the statement.
According to MACC, it had found four letters that were given to the bank when the RM2.6 billion amount was deposited into Najib’s account, with the bank documents stating that the contribution was a “donation”. [Malaysian Mail Online]
“Partial payment” rather than donationSo their eventual findings should present the exact identity of the so-called King and Prince, who they have so far accepted as genuine donors.
The wealth factor
This story of the Saudi donor becomes even harder to believe after a basic wealth check of Middle Eastern royals and the Saudisin particular.There are few ruling Kings and Princes in the Middle East – and the Saudi King Abdullah, who was alive at the time of the ‘donations’ had died in January before the time the so-called meetings took place in July with the likes of Zahid Hamidi.
Even the King of Saudi Arabia would have noticed the odd billion leaving his account… and Zahid has suggested he forked out for other Muslim countries also!It means that if the alleged donor family were lesser royals the likelihood of them being in a position to fork out such enormous secret sums of money becomes ever more remote.
Number 50 on the Arab rich list owns only $1.95 billionWould a man with US$2 billion or less really be willing to part with half of it to Najib Razak because of his stance on this or that, let alone to pay for other similar begging leaders also?
Or is this supposed donor from a royal family a secret entity of some kind?
Certainly, the top richest Saudi, Prince Alwaleed has made clear that at some point he intends to give all his money to good causes and he has been held up as an example of the sort of Middle Eastern who was favouring Najib by BN stallwarts.
For even the richest Saudi the Najib ‘donation’ would have amounted to a substantial share of his fortune.Enquiries at the Saudi Embassy in London have produced further questions.
Their protocol department has pointed out that while the name presented to AmBank is similar to certain Saudi royal names, it lacks certain crucial formalities – the name should contain ‘bin’ we were told, along the lines of ‘bin Abdulaziz’ and ‘bin Majid’, giving the impression of a serious lack of authenticity in the name of our sheikh and the title of his Private Office.
It has been pointed out that the royal figure whose name most matches that of Saud Adulaziz Majid al-Saud is that of a former Governor of Medina, Abdulaziz bin Majid, a grandson of a former Saudi King.
This royal figure does have a son similarly named Prince Saud bin Abdu Aziz bin Majed Al-Saud. However, there has been no evidence that these are a family of prominent donors nor do they appear on the Arab rich list as owning over US$2 billion.
So, please step forward the mysterious and alleged billion dollar donor, unless of course one accepts the inevitable conclusion that we are dealing with a fake sheikh with sparse identification, drummed up to explain a series of astonishing payments into the Prime Minister of Malaysia’s private bank accounts?
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