| Submit your comments on this article |
| Arabia |
| $681M Donation To Prime Minister Najib Razak Was ‘Genuine,’ Saudi Foreign Minister Says |
| 2016-04-16 |
| [IBTIMES] Soddy Arabia ...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face... ’s $681 million donation to Malaysian Prime Minister Najib Razak was "genuine," according to Saudi Foreign Minister Adel Al-Jubeir, Malaysian state news agency reported Friday. Najib has been embroiled in a corruption scandal at state-run fund 1Malaysia Development Berhad (1MDB). Al-Jubeir said that Saudi officials were aware of the donation and it was made without accepting anything in return, news agency Bernama reported. Malaysia’s Attorney General Mohammed Apandi Ali thoroughly investigated the case and did not find the donation to be unlawful, the Saudi minister added. "So, as far as we are concerned, the matter is closed," Al-Jubeir said. Najib, who set up 1MDB in 2009 to boost economic growth in Malaysia, has consistently denied the corruption allegations, first made in a July 2015 report by the Wall Street Journal, which said that Sherlocks tracked money from an account at Falcon Private Bank in Singapore to accounts in Malaysia. In January, Apandi did not prosecute Najib for corruption allegations, saying the money was a "personal donation" from the Saudi royal family. However, the difference between stupidity and genius is that genius has its limits... he did not elaborate on why the royal family donated the money or what it was used for. Earlier this month, the bipartisan Public Accounts Committee said the fund’s board -- headed by Najib -- did not carry out its responsibilities and that its former CEO Shahrol Halmi should be probed. The PAC report stated that the fund’s advisory board -- headed by Prime Minister Najib Razak -- should be abolished and any reference to the prime minister must be changed to finance minister in 1MDB’s memo and related documents. |
| Posted by:Fred |
| #2 1MDB/IMDB. Nope, not confusing at all. They gotten no internet in Mal-Asia? |
| Posted by: JHH 2016-04-16 15:57 |
| #1 A little walking around money from a supporter. How much from his other ardent admirers is squirreled away in Najib's freezer? |
| Posted by: Betty Hitler2611 2016-04-16 08:38 |