Najib Razak and Zahid Hamidi : What they do with the “donations” they receive.
Under pressure over controversies surrounding US$680 million (S$929 million) deposited into his private accounts. Between the opening of the account on Jan 13, 2011, and April 10, 2013, a total of US$1.05 billion was deposited, including “a series of individual deposits that ranged between US$9 million and US$70 million”. Najib did not know if hundreds of millions of dollars that moved through his personal account were from 1MDB, and if money from the fund was eventually laundered to acquire assets globally, including yachts, paintings, gems, and prime real estate. The 64-year-old politician lost the election after a decade in power at least partly because of the 1MDB scandal, which U.S. Attorney-General Jeff Sessions has described as “kleptocracy at its worst”.
RM3.32 million (S$1.13 million) was spent on jewelry and was paid using Platinum Mastercard and Visa credit cards that purportedly belonged to Mr Najib. RM395,782.40 was spent on accommodation at the Shangri-La Hotel in Kuala Lumpur, RM360,000 with fabric retailer Jakel Trading, RM178,000 for holidays with travel agency Two One Holidays Malaysia, and RM167,959.50 for luxury car dealer Signature Exotic Cars. RM7.5 million was given to Rahah Foundation, a non-governmental organization that helps youth but hogged the news in 2010 when the organization and Mr. Najib donated 15 cows to the Selangor police in conjunction with Aidiladha celebrations. Saudi Arabia’s Prince Saud Abdul Aziz Abdulaziz Majid pledged gifts to Mr. Najib which ranged from US$100 million on Feb 1, 2011, to US$800 million on March 1, 2013. the prince, who is the grandson of the late King Abdulaziz, pledged a US$375 million grant with an accompanying letter for Mr Najib to do as his wish.
Authorities today broke down the haul seized from the properties thus:
- 12,000 pieces of jewelry worth up to nearly $220 million. Among them were 1,400 necklaces, 2,200 rings, 2,100 bangles, 2,800 pairs of earrings, 1,600 brooches, and 14 tiaras.
- About $29 million in cash, in 26 different currencies.
- 423 watches worth $19.3 million. They included more than 100 brands, among them Rolex and Chopard.
- 567 luxury handbags from 37 brands including Hermès, Prada, and Chanel. Investigators are still working on their total value, but the Hermes bags alone were worth $12.7 million.
- 234 pairs of sunglasses worth about $93,000.
Datuk Seri Dr Ahmad Zahid Hamidi
Ahmad Zahid had pleaded not guilty at the Sessions Court here to a total of 47 charges, 12 of which are for criminal breach of trust (CBT), eight for bribery and 27 for money laundering involving tens of millions of ringgit belonging to Yayasan Akalbudi. He had pleaded not guilty in the Sessions Court here to seven counts of having accepted bribes totalling SG$4.24mil (RM12.94mil) from a company and on June 27, Ahmad Zahid was charged at Shah Alam Sessions Court with 33 counts of having accepted RM42.76mil from a company over the overseas visa system.
Mubarak Hussain Akhtar Husin said he was informed by Datuk Seri Dr. Ahmad Zahid Hamidi that if he wished to donate to a tahfiz (religious school) run by the former deputy prime minister, he should issue the cheque in the name of law firm Lewis & Co. Mubarak Hussain Akhtar Husin said he wrote a cheque for RM2 million to Lewis & Co on Nov 25, 2016.