Khadem al-Qubaisi can use Najib's donation story to free himself ,and further implicate Najib in the 1 MDB theft

by Ganesh Sahathevan 



An extract from the US DOJ 1 MDB indictment that implicated Najib Razak

It has been previously noted on this blog that The Wall Street Journal has reported:

Abu Dhabi authorities have arrested Khadem Al Qubaisi, who authorities say is a key figure in an alleged multibillion-dollar fraud related to a Malaysian sovereign-wealth fund, according to people familiar with the matter.The arrest last week was made in relation to an Abu Dhabi investigation into fraud and corruption, which includes Mr. Qubaisi’s alleged role in the 1Malaysia Development Bhd., known as 1MDB, affair, the people said.

Qubaisi is named in the US DOJ 1 MDB indictment.Rather than wade through reams and reams of legalese, readers will probably find the
rather direct presentation of the facts by Sarawak Report easier to 
digest:

Devastatingly, the DOJ then says that from Blackstone the money was passed on to Najib and his accomplices:

DOJ say it straight – Malaysian Official 1 got 

paid by Blackstone

On the distribution of this money the DOJ confirms Sarawak Report’s earlier information that nearly half a billion dollars went to the Edmond de Rothschild Bank Privee account of Khadem Al Qubaisi, which had of course been denied by the bank.

“Blackstone Transferred Approximately $473 Million to an Account Controlled by QUBAISI……Between approximately May 29, 2012, and November 30, 2012, four wires totaling $472,750,000 were sent from the Blackstone Account to an account at Bank Privee Edmond de Rothschild (“Bank Rothschild”) in Luxembourg maintained in the name of Vasco Investments Services SA (“Vasco Account”).

Khadem Al Qubaisi’s side-kick CEO of Aabar Mohamed al Husseiny also got his kickback out of Malaysia’s stolen public money:

“Between May and December 2012, entities belonging to HUSSEINY, then- CEO of Aabar, also received $66,600,000 from the Blackstone Account.”

…. and of course money was also transferred to Najib, known as ‘Malaysian Official Number 1″:

“Blackstone also transferred at least $30,000,000 to an account belonging to MALAYSIAN OFFICIAL 1 shortly after receiving funds from Aabar-BVI.

On or about October 30, 2012 – roughly seven days after Blackstone received $75,000,000 directly from Aabar-BVI and roughly six days after it received $360,000,000 indirectly from Aabar-BVI via Enterprise and Cistenique – Blackstone transferred $5,000,000 into an account at AmBank in Malaysia held in the name of “AMPRIVATE BANKING MR.”

That bank account belongs to MALAYSIAN OFFICIAL 1 and is the same account that received $20,000,000 from the PETROSAUDI CO-FOUNDER in 2011, within days of the receipt by the PETROSAUDI CO-FOUNDER of funds from Good Star, as set forth in Section II.G.

On or about November 19, 2012 – less than two weeks after Blackstone received $95,000,000 from Aabar-BVI via Enterprise – Blackstone transferred $25,000,000 to the same AMPRIVATE BANKING-MR Account belonging to MALAYSIAN OFFICIAL 1.

Readers are reminded that Najib and later his AG , The Learned Apandi, have insisted that all this money from Blackstobe was from generous , appreciative Al-Sauds(even as they suffered historically low oil prices). It is therefore in his interest for Khadem to simply say he was told by Najib that the money was from donations that he had received from the Al-Sauds, and that he was instructed to distibute the funds by Najib, who asusred him that it was what the Al-Sauds wanted.

Of course, the DOJ has comprehensively disproved the donation story.Nevertheless, Khadem can still plead innocent of the facts, as he must, but of course in doing so he will further implicate Najib in the 1 MDB theft.
END