Ganesh Sahathevan

by Ganesh Sahathevan The Malaysian Insider has just reported: acked Umno leader Datuk Khairuddin Abu Hassan, who was freed a day earlier over investigations for allegedly attempting to overthrow the government, was rearrested by police outside the court this evening.As soon as he was released and walked out of the courtroom, a police party was waiting there and arrested Khairuddin under the Security Offences (Special Measures) Act (Sosma). "He is now being investigated for offences under Section 124K and 124L of the Penal Code," said lawyer Matthias Chang.  Section 124K and 124L deal with sabotage and attempting to sabotage the state respectively. The relevant provisions of the Penal Code state as follows: h)sabotage means (a) an act or omission intending to cause harm (i) for the interests of foreign powers or foreign organizations;   (ii) to premises or utilities used for national defence or for war; or  (iii) to the maintenance of essential services; or (b) knowingly...

by Ganesh Sahathevan It was recently reported that the Emir of Qatar is  coming to the rescue of 1MDB : "I (Najib Razak) met the Emir of Qatar recently and he said he was interested to invest in the assets owned by 1MDB. This is an Islamic government itself that is interested. "If people say the assets (of 1MDB) have no value, nobody would want to invest. They (Qatar) see that the assets can generate lucrative long term profits. "If 1MDB is an insolvent entity I do not think that the Emir will invest. Given that the Emir owns Al-Jazeera, the TV network that has implicated Najib and his confidante Razak Baginda in the murder of the Mongolian Altantuya Shaaribuu, can one still say with any confidence that the Emir or any part of his kingdom is likely to invest anything in Malaysia, let alone  in 1 MDB?  Probably not. END   For context see: Sirul negotiating multi-million dollar deal with Najib's team to be silent on Altantuya-MINDEF,PMO teams implicated

by Ganesh Sahathevan Al-Jazeera has reported that one  Abdul Salam Ahmad , described as a person who travels with PM Najib Razak's  entourage, is in the process of negotiating a multi-million dollar hush money settlement with Sirul Azhar Umar. It is understood that Salam , by his own description , is a member of what is commonly known as the forward team , a group of a dozen or so people who make all necessary arrangements to ensure a prime minister's overseas trips go smoothly, and run other errands as required. According to Al-Jazeera Sirul has told Salam that in exchange for about $17 million dollars he will keep quiet and not "bring down the PM". Sirul has also said that   Razak Baginda was at the crime scene and it was he who fired the shot that killed Altantuya Shaariibuu . This story should be read in conjunction with earlier stories on this blog about the likely connections between MINDEF and Sirul's Australian migration agents , and the evidence of his la...

by Ganesh Sahathevan  In explaining the nature of the so-called 1 MDB units worth USD 1.103 billion  that were once thought to be in  cash Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said :  “There’s a mistake… mistake in the sense that, the impression (given by 1MDB) when they said they have redeemed (the funds) and saved (them) in the Singapore bank (Singapore BSI).... so the impression is that there’s cash, (but) actually that is a saving,” Ahmad Husni said told reporters at the Dewan Rakyat today. “That (the redemption) is (in) unit... that’s what it is… in unit, and then, that is being backed sovereign wealth funds” . The US$1.103 billion is said to be  the part of a total of US$ 2.32 billion which has come  to be known as the Brazen Sky Cayman Island units, Brazen Sky being  a wholly-owned subsidiary of 1 MDB incorporated in the Cayman Islands. When 1MDB and its CEO Azrul Iskandar aka Arul Kanda attempted to explain how and where ...

by Ganesh Sahathevan It has been previously reported on this blog that there is ample evidence (inadvertently) provided by 1 MDB itself that some USD 2.318 billion ,initially claimed to be in the form of cash or near cash assets, is really only a paper profit booked as an asset.This evidence includes 1 MDB's 2013 audited financial statements. Then, in trying to explain how it had spent some RM 42 billion in debt, 1 MDB (again ,inadvertently) revealed how at least  RM 6 billion (about USD 1.9 billion at the relevant exchange rate) could not be accounted for when it and and its CEO Arul Kanda claimed RM 6 billion had been spent  "acquiring"  RM 6 billion in debt owed by companies it had acquired (see first line below): And now, according to the Wall Street Journal , Abu Dhabi's  IPIC cannot find anywhere some USD 1.4 billion that 1 MDB's audited accounts state as being paid to IPIC. Total missing and unaccounted for this far, in cash: USD 5.6 billion

by Ganesh Sahathevan   Much of the "billionaire" Low family story is on the public and the record suggests that the Lows have nothing near the billions Jho Low claims they are worth. In fact, the public record suggests that  family patriarch Larry Low (Jho's father)  has always ever been only a fixer,or "consultant" ,and that Jho Low is simply following in daddy's footsteps. Indeed,the record shows that Jho reports to daddy,and it is Larry who is orchestrating the 1 MDB debacle. As previously reported on this blog , UMNO whistle blower Khairuddin Hassan has in a compliant lodged with Hong Kong police  pointed the finger of blame for the loss of the 1 MDB billions at Larry. Following that report Sarawak Report has today reported that Swiss authorities have frozen Larry's bank accounts in their country as part of their investigation into the laundering of 1 MDB's  billions. That Larry should be accused of mishandling  other peoples' money is not s...

by Ganesh Sahathevan Overlooked in this week's reporting is this revelation ,with regards a  report lodged with Hong Kong Police by UMNO whistle-blower Khairuddin Hassan : Four other companies are also suspect, added Khairuddin, because Najib is a signatory here and the accounts of the companies show that a total of RM1.125 billion has been kept at the Hong Kong branch of Credit Suisse. “I have requested the Hong Kong police to conduct comprehensive and detailed investigations on the financial sources of the companies concerned and their transactions.” “I requested the authorities concerned to investigate Alliance Assets International Ltd; Cityfield Enterprises Ltd; Bartingale International Ltd; Wonder Quest Investments Ltd. All these companies have Najib as the signatory. Khairuddin, at the same time, also lodged another set of police reports on Jynwell Capital (HK); Jynwell Charitable Foundation; and Strategic Resources (Global Ltd), all owned by Jho Low and family. It h...