Monday, July 2, 2018

Frozen - 900 Bank Accounts

The Malaysian Anti-Corruption Commission froze 900 bank accounts belonging to individuals, organizations and companies  and these undoubtedly included politicians and political parties. 

UMNO’s primary account was one of them. Likewise, accounts owned by their Selangor and Pahang chapters. Also the Bentong UMNO division. And SUPP. 

One Malaysian business weekly report had singled out the favored groups who had received a whole lot of money that could supposedly be traced back to 1MDB  hence the freeze on the accounts. 

Quoting sources, The Edge said the sums given to them totalled some RM300 million and they were meant for GE13. 

The UMNO head office was the biggest recipient with RM145 million. And the money was transferred from one of Najib Razak’s personal accounts with AmBank. 

It said this colossal amount was part of RM800 million stashed in the said account. Investigators believe the money originated from 1MDB’s bond issue in 2012 and 2013. 

It was also in March 2013 that RM2.6 billion was transferred to another of Najib’s accounts, according to the Wall Street Journal. 

[That was when the story about the Saudi donation broke out]. 

The same sources told The Edge that other recipients were Selangor UMNO (RM19 million) and Johor UMNO (RM25 million). MCA purportedly received RM11 million while MIC was given RM15 million. SUPP and LDP too received monies but the amounts were not stipulated. 

The report also revealed that close to 70 individuals, 60 companies and 10 foundations had collected some RM500 million that came from Najib’s account between 2011 and 2014. 

Home Minister Muhyiddin Yassin said the MACC crackdown was under the jurisdiction of the agency – they had taken action based on their own investigations. 

“I do not know and have not received any reports on the matter (freezing of the accounts) but if it is under the MACC, it is the duty of the MACC. I cannot comment”, he had said.

At the World Cup on Sunday, Spain and Denmark too discovered they are going to have to pack their bags and leave. 

In the knock-out stage, hosts Russia stunned Spain 4-3 on penalties – after extra-time ended with the score locked at 1-1. 

The other match between Denmark and Croatia also had to go through a nerve-shredding shootout when both teams finished in a 1-1 stalemate. And the latter won 3-2. 

The lowest ranked team in the competition and 60 places below Spain, shall now face Croatia in the last eight.

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