The US wants to satisfy the international media which, taking its cue from former Prime Minister Mahathir Mohamad who has been harping on the 1MDB Scandal for months, knows that closure would not come until the reporting on the company stopped.
PRESS STATEMENT Washington knows that the international media would not stop reporting on the 1MDB Scandal until Prime Minister Najib Abdul Razak stepped down, the company closed down, and all those involved were brought to justice. “All this is the clearest signal that the US backs regime change in Malaysia,” said Moscow and Geneva based Investment Banker Pascal Najadi who was formerly in Malaysia.
He was expressing surprise that the US Attorney General (AG) and Department of Justice (DoJ) mentioned 1MDB and Malaysian Public Official 1 when announcing the seizure of 1MDB-related assets. “No wonder 1MDB quickly claimed that none of its monies had been stolen and that it had documents to support this claim,” added Najadi. “In any case, this is a useless statement.”
“It does not mean that the seized assets were acquired legitimately.”
The Investment Banker noted that US authorities mentioned that Reza Aziz was related to Malaysian Public Official 1. “It was not necessary to say this.”
“It does not matter whether the assets are related to 1MDB or whether Reza Aziz was related to Malaysian Public Official 1.”
The US authorities also mentioned that USD681 million was stolen from 1MDB and went to Malaysian Public Official 1 (via AmBank Islamic Private Banking Services), added Najadi. “Why mention this amount which was not seized in the US but in Singapore?”
Also, he said, the US authorities mentioned that USD3.5 billion was stolen from 1MDB and made its way through the financial system in the US. “Why mention this amount when the US only seized USD1 billion of assets?”
“The US could have waited for the seizure of assets to be challenged. Then, all the names and amounts the US mentioned would have surfaced in court filings.”
Also, he continued, the names and amounts that were mentioned by the US authorities would have surfaced when they filed criminal suits against those challenging the asset seizures. “In fact, the US could have quietly seized the assets without announcing anything.”
All this leads us to a few conclusions, warned Najadi.
First, the US had to announce the seizure because the amounts involved were too large, in fact the largest in US history.
Second, the US announced the seizures because it wanted to underline the integrity of the US financial system.
Third, the US announced the seizures to send a warning to kleptocrats i.e. those heads of governments who plunder the public treasury and money launderers who abuse the US financial system.
Fourth, the US wanted to send a warning to banks, lawyers and others in the country who were in cahoots with kleptocrats and money launderers to abuse the US financial system and compromise its integrity.
Fifth, the US wanted to assure the victims of kleptocracy and money laundering that they would be protected and get justice.
Sixth, the US announced the seizures to send a message to other countries investigating the 1MDB Scandal that it was all about integrity. This would force these countries to demonstrate that they are about integrity too.
Seventh, the US wanted to send a message to Najib that “enough was enough” and that his position was untenable and that his days were numbered.
Finally, but not the least, the US wanted to satisfy the international media which has been taking its cue from former Prime Minister Mahathir Mohamad who has been harping on the 1MDB Scandal for months. “The US knows that closure would not come until the international media stopped reporting on 1MDB,” reiterated Najadi.
Najadi has alleged that his father Hussain Ahmad Najadi, who founded AmBank, was assassinated on 29 July 2013 to cover up money laundering activities in Malaysia.
Najadi has since taken his father’s case to the UN in Geneva.
Najadi and his mother, a Swiss national, left Malaysia a day after Najadi Senior was assassinated. Najadi’s father, of Iranian origin, held a Bahraini passport and was close to former Bank Negara Governor Zeti Akhtar Aziz.
Press Officer, Najadi & Co