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[Malaysia] - Najib says he's "shocked" that he's not aquitted; Mahathir says he's "shocked that Najib is shocked" that he's not aquitted
- Thread starter UltimaOnline
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Jho low probably told susceptible najib that everything he did was legal.
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SHOCKING 
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Commentary: The reinvention of Najib Razak, former prime minister of Malaysia
Najib Razak has maintained a strong social media presence amid an incredibly high-profile trial, says James Chin.
Malaysia's former prime minister Najib Razak is accused of making millions off the mammoth 1MDB fraud AFP/Mohd RASFANShare this content
Bookmark
HOBART: On Monday (Nov 11), a Malaysian court ordered former prime minister Najib Razak to present his defence against seven counts of criminal breach of trust, money laundering and abuse of power in a case linked to SRC International.
Many in Malaysia expressed happiness with this verdict and think that Najib will finally be found guilty in a court of law over the 1Malaysia Development Berhad (1MDB) scandal. Unfortunately, the reality is slightly different.
A STRONG DOSE OF REALITY
First, the verdict delivered yesterday was not a ruling on Najib’s culpability. It was simply a court procedure forcing Najib’s legal team to present a legal defence to charges relating to about RM42 million (US$10 million) that ended up in his personal account.
The money came from a RM4 billion loan taken by SRC International from a government-backed civil servant pension fund, KWAP.
The 1MDB scandal which helped topple Malaysia's corruption-plagued former regime AFP/MANAN VATSYAYANA
At the time the loan was taken, SRC International was a separate legal entity from 1MDB though it had started off as a subsidiary of 1MDB.
READ: Commentary: Jho Low’s fantastic Houdini disappearing act
Second, the ruling simply allowed the trial to go ahead to hear Najib’s defence, which is likely the position that the RM42 million was a donation from a friendly Arab source, and nothing to do with SRC International.
Third, most legal observers already expected this ruling. When the prosecution proves a prima facie case, the accused will have to enter his or her defence before a verdict is granted.
In simple terms, what happened yesterday was that the judge decided there is enough evidence to proceed to the full trial - nothing more.
According to Najib’s defence team, their defence will be completed just before Christmas so don’t expect a verdict until at least after Christmas.
MEANWHILE, ON THE “REAL” 1MDB TRIAL
But the more serious 1MDB trial that we should be paying attention to is running concurrently with the SRC International case.
READ: Ex-Goldman banker in 1MDB case to face Malaysia trial next year
This one deals with the actual money from 1MDB and is still ongoing.
FILE PHOTO: Boxes of 1Malaysia Development Berhad (1MDB) documents arrive at Kuala Lumpur High Court in Kuala Lumpur, Malaysia, August 28, 2019. REUTERS/Lai Seng Sin/FilesCommentary: Malaysia makes a clean break from the past, as case against Najib gathers momentum
In this trial, Najib faces 25 charges in total - four for abuse of power that allegedly brought him financial benefit to the tune of RM2.3 billion, a quarter of the 1MDB fund, and 21 for money laundering involving the same amount of money.
This one is far more interesting than the SRC International case. Thus far, a key witness, Shahrol Azral Ibrahim Halmi, former 1MDB chief executive officer, has told the court, among other facts, the following.
First, he had no financial experience but he was appointed by Jho Low anyway.
Second, he had signed off minutes of a meeting that took place between him and the chairman of 1MDB’s board of advisors, even though there was no such meeting.
Third, he described Jho Low as an "orchestra conductor” manipulating different parts and had deemed whatever Jho Low told him to do as coming from Najib himself.
Fourth, he was paid RM99,000 a month and received an 18-month bonus totalling RM1.44 million from Najib for his outstanding performance.
Fifth, the 1MDB board members did not give consent to decisions that involved splitting a US$1 billion funding. Decisions had to be approved by Najib.
Sixth, 1MDB had spent USD$17,000 on Starbucks. In a separate incident, some US$1.3 billion was wired to an account, Gold Star, and Shahrol did not check if the money was wired to its intended beneficiaries.
Seventh, Jho Low’s code name for Najib Razak was Optimus Prime while Low’s code name was fei lou, or “fat boy” in Cantonese.
Najib Razak has maintained a strong social media presence amid an incredibly high-profile trial, says James Chin.
Malaysia's former prime minister Najib Razak is accused of making millions off the mammoth 1MDB fraud AFP/Mohd RASFANShare this content
Bookmark
HOBART: On Monday (Nov 11), a Malaysian court ordered former prime minister Najib Razak to present his defence against seven counts of criminal breach of trust, money laundering and abuse of power in a case linked to SRC International.
Many in Malaysia expressed happiness with this verdict and think that Najib will finally be found guilty in a court of law over the 1Malaysia Development Berhad (1MDB) scandal. Unfortunately, the reality is slightly different.
A STRONG DOSE OF REALITY
First, the verdict delivered yesterday was not a ruling on Najib’s culpability. It was simply a court procedure forcing Najib’s legal team to present a legal defence to charges relating to about RM42 million (US$10 million) that ended up in his personal account.
The money came from a RM4 billion loan taken by SRC International from a government-backed civil servant pension fund, KWAP.
The 1MDB scandal which helped topple Malaysia's corruption-plagued former regime AFP/MANAN VATSYAYANA
At the time the loan was taken, SRC International was a separate legal entity from 1MDB though it had started off as a subsidiary of 1MDB.
READ: Commentary: Jho Low’s fantastic Houdini disappearing act
Second, the ruling simply allowed the trial to go ahead to hear Najib’s defence, which is likely the position that the RM42 million was a donation from a friendly Arab source, and nothing to do with SRC International.
Third, most legal observers already expected this ruling. When the prosecution proves a prima facie case, the accused will have to enter his or her defence before a verdict is granted.
In simple terms, what happened yesterday was that the judge decided there is enough evidence to proceed to the full trial - nothing more.
According to Najib’s defence team, their defence will be completed just before Christmas so don’t expect a verdict until at least after Christmas.
MEANWHILE, ON THE “REAL” 1MDB TRIAL
But the more serious 1MDB trial that we should be paying attention to is running concurrently with the SRC International case.
READ: Ex-Goldman banker in 1MDB case to face Malaysia trial next year
This one deals with the actual money from 1MDB and is still ongoing.
FILE PHOTO: Boxes of 1Malaysia Development Berhad (1MDB) documents arrive at Kuala Lumpur High Court in Kuala Lumpur, Malaysia, August 28, 2019. REUTERS/Lai Seng Sin/FilesCommentary: Malaysia makes a clean break from the past, as case against Najib gathers momentum
In this trial, Najib faces 25 charges in total - four for abuse of power that allegedly brought him financial benefit to the tune of RM2.3 billion, a quarter of the 1MDB fund, and 21 for money laundering involving the same amount of money.
This one is far more interesting than the SRC International case. Thus far, a key witness, Shahrol Azral Ibrahim Halmi, former 1MDB chief executive officer, has told the court, among other facts, the following.
First, he had no financial experience but he was appointed by Jho Low anyway.
Second, he had signed off minutes of a meeting that took place between him and the chairman of 1MDB’s board of advisors, even though there was no such meeting.
Third, he described Jho Low as an "orchestra conductor” manipulating different parts and had deemed whatever Jho Low told him to do as coming from Najib himself.
Fourth, he was paid RM99,000 a month and received an 18-month bonus totalling RM1.44 million from Najib for his outstanding performance.
Fifth, the 1MDB board members did not give consent to decisions that involved splitting a US$1 billion funding. Decisions had to be approved by Najib.
Sixth, 1MDB had spent USD$17,000 on Starbucks. In a separate incident, some US$1.3 billion was wired to an account, Gold Star, and Shahrol did not check if the money was wired to its intended beneficiaries.
Seventh, Jho Low’s code name for Najib Razak was Optimus Prime while Low’s code name was fei lou, or “fat boy” in Cantonese.
He is untouchable here.
He can make you in trouble anytime....
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His case will drag five years and after BN will be back in power Mahathir will have passed away. And Najib will be scot free.
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Oppies cannot run govt one lah. Town council also cannot run properlee.
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Will Najib make a plea bargain and blame Pinky?
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