Monday, February 25, 2019

Scam Real Estate Projects in Saudi Arabia

Real estate projects Saudi Arabia, in Mecca and Madinah, two of Islam's holiest cities, were used as a pretext for fugitive Jho Low (left) to secretly transfer $10 million to 'Malaysian Official 1' through an intermediary, the US Department of Justice had claimed. 

If you didn’t know already, MO1 is the code name used by the DOJ to refer to former prime minister Najib Razak. 

The said transfer was part of $20 million allegedly diverted to MO1 (right) under the Good Star phase of the 1MDB racket. 

(According to the DOJ, Jho Low's Good Star had received in total a whopping $700 million in 2009 and another massive $330 million that was diverted from 1MDB in 2011).

These details were actually highlighted by the DOJ in June 2017. And Malaysiakini had revisited the documents following a fresh round of lawsuits filed by the department on Friday seeking forfeiture and recovery of approximately $38 million (RM154 million) in assets associated witht the 1MDB case. 

This brings the assets now subject to forfeiture to a total of about $1.7 billion (RM6.9 billion). 

These are said to involve luxury real estate in London and New York, as well as converted equity in a Kentucky facilities management company, and are tied to 2012 and 2013 bond offerings from the sovereign wealth fund, the department said. 

Malaysians are no longer shocked by Najib’s 1MDB scam. Can we please, please throw him into the slammer, pronto?!?! 

In the Scottish Premiership match between Celtic and Motherwell, the former whacked the latter 4-1 with our goals coming from Scott Sinclair (31), Odsonne Edouard (37, 88) and Oli Burke (90+1) – and earning an eight-point lead at the top of the table. 

Liverpool’s form has been patchy of late – but yesterday’s EPL match against Manchester United was underwhelming, if I’m to be very polite. 

Actually, it’s a blardy pathetic game, if I ever saw one. Sure, the goalless draw means that the Reds limped back to the top of the table – but as we are happily shooting blanks, it is Manchester City that are pummelling sides.

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