SUMMARIZE

(1MDB-NAJIB RAZAK-BS. AQUINO-BBL)

The Missing $4 billion (P188 billion)
NAJIB RAZAK-Malaysian Prime Minister and chair of 1 Malaysia
Development Berhad (1MDB). He is the son of former premier. At age 23, he
became the youngest parliamentarian in the countrys history/ that was the start
of a rise through the ranks of the dominant United Malays National
Organization (UMNO). He was once a Defense Minister and Deputy Prime
Minister..
It was created/established as a sovereign wealth fund in 2009, the Finance
Ministry-owned firm quickly built up debt of RM42 Billion ($15B). in its first
five years. Ploughing money, into OIL VENTURES, POWER PLANT and LAND
DEALS. It owns five power plants in Malaysia and eight more plants in five other
countries. it was set up to promote economic development, to promote foreign
direct investment and to turn Kuala Lumpur into a global financial hub.(
Najib formed the investment fund in 2009 shortly after being elected to
office as Prime Minister of Malaysia/
1MDB, it was built on raising debt to acquire assets. These debts, through
bond issues, increased to $11bn (7.7bn) by March 2014 and fears naturally
grew over how interest would be paid on these loans.( In early 2015, it missed
$11bn (7.5bn) of payments it owed to banks and bondholders)
Some of the proceeds from bond issues were used to buy assets like power
plants. Other funds went to joint ventures with international partners, such as
Abu Dhabi and Saudi Arabia.
Police investigators, in outlining the scam, said funds had been transferred to
various accounts in Switzerland held by former and current Malaysian
public officials as well as their confederates from the United Arab
Emirates.Last year, it was reported the same Swiss authorities started nosing
into the financial activities of 1MDB after it racked up an unusually large amount
of
debt
amounting
to
some
$11
billion.
They were pointed in this direction by unnamed whistle-blowers who alleged that
ranking 1MDB officers were involved in some hanky-panky such as money
laundering, mismanagement of public funds, opaque dealings and other
corrupt practices.
Malaysian attorney general Abdul Gani Patail (the equivalent of Ombudsman
Conchita Carpio-Morales) was unceremoniously sacked from office and
replaced with Mohamed Apandi Ali, a longtime fixture in the ruling United Malay
National Organization party (UMNO), when he helped expose in July 2015 the

unexplained deposit of $681 million in Najibs personal AmBank account.

THE ALLEGED SAUDI CONNECTION

$681M from the fund went into the personal bank account of prime minister
Najib Razak, which came from the Saudi royal family.(The Wall Street
Journal) Najib admitted receiving the sum but denies wrongdoing and says the
money was not connected to 1MDB.
The NYT quoted the SAUDI FOREIGN MINISTER as saying the money
hadnt come from the Saudi royal family, while the WSJ said it had
evidence to back up allegations that the money did not come from the
Saudis but it came via a bunch of companies and bank accounts related to
1MDB
WHOS INVOLVED
FIVE COMPANIES: PetroSaudi; SRC (which was a former 1MDB subsidiary);
Genting and Tanjong, (which were Malaysian conglomerates); and ADMIC,
which is a joint venture between 1MDB and Aabar Investments.
PETROSAUDI INTERNATIONAL- A little known Saudi company that went into a
joint venture with 1MDB in 2009 by injecting a Turkmenistan oil field while the
Malaysian company contributed US$1 billion (US$ 1.37 billion) in cash.
However, the venture never took off and 1MDB's equity was converted into
a loan within six months.
- Over the next two years, PetroSaudi borrowed another US$830 million from
1MDB before handing it back in September 2012. The latter invested the money
into a Cayman Islands investment fund, with about US$1.1 billion in "fund units"
being held in an account at the Singaporean branch of Swiss bank BSI.
GOLDMAN SACHS
Goldman Sachs, which helped raise capital for 1MDB and arranged three
bond sales in 2012 and 2013. These, according to the FT, included a
transaction where it collected a fee worth nearly $300m on a 3bn issue. The
FBI is reportedly investigating Goldman Sachs regional chairman TIM
LEISSNER'S connections to the Malaysian prime minister
the FBI are reportedly investigating his (Tim Leissiner) links not only with
1MDB but also those with Malaysia's current prime minister Najib Razak,
who was chairman of the fund

 Leissner, the Singapore-based chairman of Goldman's Southeast Asia

operations. married to Kimora Lee Simmons, the former wife of hip-hop mogul
Russell Simmons, and now lives in California. According to reports in the US
Simmons has connections to the Malaysian PM's wife
Leissner claims to have a BA from Siegen University (1991) and graduated
with an MBA from the University of Hartford. Some commentators have
questioned the validity of his supposed academic credentials.
At JP Morgan, where started working in 1992, Leissner became vice president
of mergers and acquisitions and worked at similar department in AsiaPacific during a short stint at Lehman Brothers in 1997.
His rise to the top continued at Goldman Sachs. First, he was the bank's head
of investment in Singapore before being appointed as chief of staff for Asia in
2001. One year later he was managing director and then in 2006 he became
partner in the company.
MILF-BBL-BS AQUINO-RAZAK

NAJIB RAZAK together with his cohorts B.S. AQUINO III, MIRIAM
CORONEL-FERRER AND TERESITA DELES was one of the main
instigators of the ill-contrived and unconstitutional Bangsamoro Basic
Law (BBL) which they tried to get Congress to approve, but failed.
As a matter of fact, Najib flew to Manila on a private jet last March 27, 2014 to
personally witness the formal signing in Malacaang of the Comprehensive
Agreement of the Bangsamoro between the Philippine government and the
separatist
Moro
Islamic
Liberation
Front
(MILF).
Malaysia served as a moderator for the peace talks, a role that immediately
raised some serious questions because of Malaysias obvious conflict of
interest;
1. first, due to the long-standing and still unresolved dispute with the
Philippines over Sabah,
2. second, because of a long record of direct support from Malaysia to Muslim
rebels in Mindanao. Critics of Malaysias involvement contend that, at best, its
presence pressured our governments peace negotiators into accepting a
ridiculously disadvantageous deal;

rumors have been swirling for more than a year that an actual payoff $750
MILLION is the figure most often cited was made by the Najib
government to the Aquino regime to encourage hasty acceptance of the
defective peace agreement and ensure swift passage of the otherwise
unacceptable, balkanizing BBL.

 Given the Malaysian governments and Najibs close personal interest in

the Mindanao peace process even to the point of his personally
attending the signing ceremony in Malacaang and unceasing new
revelations in the 1MDB scandal, the assertion that Malaysias motives in being
involved in the Philippines internal affairs are completely innocent is increasingly
hard to swallow. Our government is doing us and not insignificantly, its own
case for our acceptance of the Bangsamoro a grave disservice by continuing
to ignore calls to practice the transparency it is fond of talking about but not
actually doing. BS Aquino should explain exactly what Malaysias interest
and activity in the peace process and its outcomes really are.

THE HIDDEN/SECRET DEAL/AGENDA

Aquino entered into some kind of an agreement with Malaysia for them to
explore natural gas when he (Aquino) became president, claimed, referring
to the 288-HECTARE LIGUASAN MARSH that straddles the provinces of
MAGUINDANAO, NORTH COTABATO, and SULTAN KUDARAT. The
government and Malaysia had a deal to grant Malaysia the sole prerogative
to mine our natural gas and develop it, The EXPLORATION BY MALAYSIAN
ENGINEERS ACTUALLY STARTED IN THE 1990S WHEN THE MNLF WAS
STILL NEGOTIATING THEIR PEACE WITH THE GOVERNMENT. So the
MILF DISAPPROVED of the exploration because the MILF was still
negotiating its Framework Agreement with the government and MILF
Chairman AL HAJ MURAD EBRAHIM asked Aquino to stop the drilling.
The MILF didnt want Liguasan Marsh as the site of the exploration
because they will be displaced since their forces are concentrated in the
area. But MURAD MYSTERIOUSLY AGREED not to oppose the exploitation
of Liguasan Marsh after he allegedly met secretly with Malaysian Prime
Minister Najib Razak in Malaysia days before the signing of the Framework
Agreement in exchange FOR 10 BILLION MALAYSIAN RINGGITS (P12.3
BILLION). The environment suddenly changes following Malaysias financial
support to the MILF at the height of its peace negotiations with the government
MILF officials accepted bribes from Malaysia to forge a peace agreement that
would allow foreign exploitation of Mindanaos natural resources. the MILF
acceded to the Malaysian business targets in Liguasan Marsh after Malaysia
provided them the necessary support in their peace deal with the government.

;the exploration will cover thousands of hectares of land in Tawi-Tawi which

is rich in oil and gas deposits.The deals were suspended by the
government after report of the secret meeting emerged in October 2012.

 The government even admitted that it was suspending the bidding process
of oil exploration contracts in the Liguasan Marsh area pending a wealthsharing annex for the Framework Agreement. Chairman Murad is correct.
Wealth-sharing is one of the annexes that we have to finish...Of course we have
to finish first the negotiations for all the annexes, Aquino said at that time.
Three contracts are currently up for bidding: AREA 11 covering 600,000
hectares in Cotabato; AREA 12 covering 456,000 hectares in Cotabato; and
AREA 15 covering 482,000 hectares in Sulu Sea.
A. AREA 11 IN COTABATO (600,000 HECTARES) received two bids from
FORUM PACIFIC and HELIOS MINING AND ENERGY, which were both
accepted.
B. AREA 12 ALSO IN COTABATO (456,000 HECTARES) received a bid
from three companies of which two were accepted. Dil Moro Energy
Corp. and Min Energy Pty. Ltd were accepted while Monte Oro
Resources Energy Inc.s bid was rejected.
C. AREA 15 IN THE SULU SEA (482,000 HECTARES) drew the most bids of
which three complied. The bids of The Philodrill Corp and Philex
Petroleum Corp.; Mitra Energy Ltd. (with Kuwait Foreign Petroleum Co.
and Tap Oil) and Forum Pacific were accepted but the Department of
Energy rejected the bid of NorAsian.

based on available data, the resources in the Cotabato basin are estimated
to be 158 million barrels of oil, with 10 wildcat wells drilled in the areas
already.