Thursday 28 June 2018

HERES HOW THE VALUE OF ITEMS SEIZED BY PDRM CAME TO RM1 BILLION.


Jae Senn

1. The stash included RM114 million to RM116 million in campaign funds, possibly for UMNO “carpet bombing”. No official paper trail, so we don’t know the details yet.

2. There was also the cash and valuables seized from Najib’s daughter and husband’s condo. Najib’s son-in-law, Daniyar Nazarbayev, is the nephew of Kazakhstan’s president, Nursultan Nazarbayev. He’s from a wealthy ruling class and wedding gifts from his mother, gifts that included gold and jewelry.

Their wedding was attended by VVIPs from both Malaysia and abroad, with many of these guests parting with expensive gifts that probably ran into the millions. These gifts, coupled with their personal belongings and cash, were seized in the police raids.

3. The condos of Tan Sri Desmond Lim Siew Choon and his wife, Datin Cindy Lim, were also raided by the authorities. Some may refer to the duo as Najib’s friends, while others may prefer to call them his cronies. Pictures from the raid clearly showed many boxes labeled “Datin Cindy” being wheeled out of the Pavilion condo

The said boxes contained nothing but luxury handbags. Tan Sri Desmond Lim is one of the wealthiest individuals in Malaysia, with a net worth of over RM2.4 billion. He has a 35.5% stake in Malton, a 37.2% stake in Pavilion REIT, and a 17.5% stake in WCT (which he spent over RM600 million to acquire in late-2016).

4. The valuables seized included high-quality counterfeits which were also valued at the price of genuine products for the time being. The jewellery and gold seized were valued at RM440 million, though through some fancy math and ‘logic’, that value miraculously ballooned to RM880 million. It was argued that with all the “workmanship” involved, the current market value would be 50-100% higher.

5. Now, we have to remember that all three condos raided in Pavilion did not belong to Najib. The said units were merely “connected” to him and were owned and occupied by other high net-worth individuals. But what about the items seized at Najib’s private residences and Sri Perdana?

6. Well, nothing was found at Sri Perdana, as expected. A few boxes of personal items were seized from his private residence (the value of the items have not been disclosed), and an old safe that took 2 days to open only had some old currency notes (maybe he’s into numismatics) and his wedding certificate.

7. Dato’ Sri Najib Tun Razak has said that he will stay and fight his case in court to clear his name. By the rule of law, everyone is entitled to the benefit of being innocent until proven guilty, without being lynched in the court of public opinion through trials by media.

However, this is Tun M we’re talking about, a man who’s most adept at demonizing his opponents by repeated trials-by-media (e.g. Anwar = sodomite & masturbator; Pak Lah = sleeps on the job; etc.).
The perception has already been created that the luxury condos at the Pavilion belong to Najib, all the luxury items seized belong to Rosmah Mansor, and that Najib had used RM1 billion of taxpayers money to amass all this cash and valuables.

Welcome to Malaysia Baru!

14 Comments
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Has tUrn denied or uturn or say no, that anwar main belakang?
Can he clear this 1 first?
Like · Reply · 11 · 20h
 
Malaysia baru........a playback of 80's, 90's.
Like · Reply · 10 · 19h
 
I find it rather funny. "Tan Sri Desmond Lim is one of the wealthiest individuals in Malaysia, with a net worth of over RM2.4 billion." It probably took him a life time to collect those wealth. And guess what, just one seize alone is already almost half of the wealth of one of the welthiest person in Malaysia. It depends on their estimate which is 900 millions, 1.1 billion or 1.5 billion or 2 billions. It seems like it is so easy to amass billions in just a few condos.
Like · Reply · 1 · 19h

 
I think you completely missed the point of this article
Like · Reply · 11 · 18h
 
Towards GE15 what I meant is that the estimate seems to be very excessive. How did they come out with this figure?
Like · Reply · 1 · 12h
 
I am doing my rough estimate

Item Total Average Price Per Item (estimate) Amount
Necklaces 1400 30000 42000000
Rings 2200 15000 33000000
Bangles 2100 15000 31500000
Ear Rings 2800 15000 42000000
Brooches 1600 15000 24000000
Tiaras 14 30000 420000...See More
Like · Reply · 8h


Like · Reply · 18h
 
malaysia baru - trials through media no need to use rule of law
Like · Reply · 12 · 18h
 
Third force, i’m such a conservative i dont use paypal. Give different means to donate.
Like · Reply · 5 · 17h
 
me too. account number will be sufficient.
Like · Reply · 3 · 10h


I have donated for the truth!
Like · Reply · 3 · 15h
 
All talk no action. Needs the rakyat to presume the house is Najib's which is not, all item's bought using 1MDB 'S money not confirm yet. 
The rakyat will talk about 900 mln, 1bln, 2bln seizure not ECRL issue, VTan inside trade, ringgit devaluate, 9bln lost in BSKL etc
Like · Reply · 6 · 13h
 
Presumption of innonce is not in Che Det's vocab...hurm...is this a New Malaysia? Vote PH out coming this 2023!
Like · Reply · 5 · 11h
 
The value of those gifts will balloon up some more every time ringgit slips down by 3 cents against dollar. Hence the need for recurring pc's by Amar Singh to divert their own's incompetency as mentioned by others
Like · Reply · 3 · 11h


Amar/auta singh has a lot of explaining to do when or if this case goes to trial. Once again pdrm will be the laughing stock of the country. grandpa will have his turn someday no bad deed goes unpunished and he has a lot of debt to pay starting the day he stabbed ghafar baba from the back. Grandpa hides his money overseas that he has had problems bringing it back. He still has umno's money and assests. Would you think Najib would have his money scatters all over the world just like grandpa. Desmond lim should sue amar singh too and demand the return of the things he confiscated at his pavilion. amar singh you are no hero, you are a buffalo being led by the nose, (spt kerbau di cucuk hidung.) Please consider your dignity and pride before they go to the (grandpa) toilets.
Like · Reply · 6 · 10h
 
Sepatut nya setiap barangan yg di rampas yg dikeluar dirumah DS Najib ada hitamputihnya Polis bertindak macam 40 penyamun Ali Baba
Like · Reply · 4 · 9h


".. linking Rosmah directly to 1MDB and piling accusations against her we are afraid, is an attempt to influence the outcome of the investigations which are currently underway and at worst, to tarnish DS Rosmah's image
We are of the opinion that this is a pure trial by media, expounded further by the court of public opinion"
( seconded !)

-- Dato K Kumaraendran
lawyers for the DS on June 26th 2018

M Zin 
16810 Kg Bkt Tanah
Pasir Puteh
Like · Reply · 3 · 8h
 
Elllo....ello...ello...Amar...open your eyea and do listen....your Press Conf did not produce or explain any solid substance..instead a long winded one...plz make it simple, straightforward and transparent....SHOW US THE EVIDENCE THOSE SIEZED ITEMS ARE BOUGHT FROM MONEY STOLEN FROM IMDB...pointless with all those pictures or items being put on parade yet you failed to pinpoint the evidence. After more than 50 days of investigation ....still no answer....waste of taxpayers money...each day passing by will create lots of negative sentiments, specifically at the rate the investigation progresses at snail pace...Ppl hv doubt the fair rule of law is in place on this issue. 
Ppl will start assume evidence being rigged, planted which tantamount to the end justify the means. The so called rule of law advocated to the ppl seems to conceal the ulterior motive of the leaders in power.
Like · Reply · 3 · 7h

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