Thursday, April 5, 2012

Najib: Indisputably Corrupt & Absolutely Complicit

From Asia Sentinel...


Gun Begins to Smoke in Malaysian Sub Purchase

Money may have been funneled to UMNO officials through Hong Kong incorporated company

French investigating magistrates probing the US$1.2 billion sale of submarines to the Malaysian Defense Ministry are targeting, among other things, a Hong Kong-based company called Terasasi (Hong Kong) Ltd., whose principal officers are Prime Minister Najib Tun Razak’s close friend and the friend’s father.

Investigators believe that at least some of the €36 million funneled through Terasasi ended up in the pockets of Najib, who was Malaysia’s defense minister and deputy prime minister when the two Scorpene submarines were purchased from Thales International or Thint Asia. The state-owned defense giant DCN, later known as DCNS, and Thales established a joint company named Armaris to manufacture the submarines in 2002.

Scorpene submarine
The two Armaris Scorpenes, named for the first prime minister of Malaysia, Tunku Abdul Rahman, and Najib’s father, Tun Abdul Razak, are on duty in Malaysian waters.

Abdul Razak Baginda, the former head of a Malaysian think tank who was at the center of a 2006 investigation into the death of Mongolian translator and party girl Altantuya Shaariibuu, is listed as one of the two directors of the company, which was previously incorporated on June 28, 2002 as Kinabalu Advisory and Support Services Ltd according to the Hong Kong Companies Registry. The other director is Abdul Malim Baginda, Baginda’s father.

The Terasasi offices are located on the 19th floor of an office at 3 Lockhart Road in the Wan Chai district of Hong Kong. There is no indication in Hong Kong government records of what Terasasi’s business is. It is only listed as a “local company.” However, French authorities say Terasasi apparently received regular payments from Thint Asia. One payment was for €360,000 accompanied with a handwritten note saying “Razak wants it to be paid quickly.”

Najib
The magistrates have documents that show that the money was funneled from Thint Asia to Terasasi - €3 million of it when Terasasi was still domiciled in Malaysia, and €33 million after it was incorporated in Hong Kong. There is no indication at this point where the money went. French investigators, however, theorize that it was part of €146 million that may have been funneled to officials of the United Malays National Organization and Najib, who traveled with Abdul Razak Baginda several times to France as defense minister at the time the Malaysians purchased the submarines from DCNS.

On at least one trip, Altantuya, then Razak Baginda’s lover, accompanied him to France as a translator. He later jilted her, impelling her to come to Kuala Lumpur to demand US$500,000 from him. In a handwritten letter found after her death, she wrote that she was attempting to blackmail him, although she didn’t say why. Two of Najib’s bodyguards were convicted of shooting her in the head and blowing up her body with plastic explosives in September 2006, possibly to hide the fact that she was pregnant when she was killed.

[Read the whole sordid tale here.]

2 comments:

baDBoyzs said...

Some 2-3 years ago, instinctively, you have already smoked the pinky guy on how the 'connected' Mongolian lady was "blown away' in da jungle by his bodyguards.

She's back !

The jungle has no fury like a woman scorpened !

Antares said...

Have you ever read Watership Down? It's a brilliant allegory of the social dynamics of denial, hypocrisy and business-as-usual. All of us have an overpowering desire for life to go on, normally and routinely. We want to know that every morning the market will open and we can buy vegetables, etc., and that the mamak will always have a supply of teh tarik and roti canai. But when something extraordinary happens in the household.... bloodstains on the stairs, body bits hastily buried under the compost heap, we cannot pretend it's business-as-usual. The fact that 191 corrupt Umno division chiefs were able to push Najib into the top public service post despite the dark clouds of suspicion hanging over him and his wife is the ultimate indictment of the depths of moral degradation to which 22-years of Mahathir have plunged the nation.