WERE EPF, FELDA, RHB & OTHER GLCS LIKE FELCRA, KWAP ETC. SCAMMED FOR RM BILLIONS?

by boinie madhoff, Donplaypuks® intrepid correspondent for too-good-to-be-true glc investment affairs

The following people and companies/organizations are REAL, not FAKE:

1. Najib

2. Datuk Seri Siti Azizah Sheik Abod - Special Officer (Pegawai Khas) to Najib.

3. Musa Aman - Chief Minister of Sabah

4. Isa Samad - ex-MB of Negeri Sembilan, once suspended by UMNO for money-politics, ex-FGVH Plc & Felda Chairman.

5. Bung Moktar Radin - Chairman of Felcra, Kinabatangan, Sabah MP

6. Gyorgy Matrai - founder of Limage Holdings S.A., Luxembourg.

7. "Dr." George Miller - convicted conman & founder of Ladylaw Securities Pte. Ltd., Singapore. Died early 2014.

8. Nic Manikis - current MD of Ladylaw, an Australian and much respected (in Australia) retired civil servant.

9. Azlan Shah bin Md Radzi - Ladylaw Project Co-ordinator and TJJR Diversified (M) S/B CEO.

10. Junaidah binti Husin - Director TJJR.

11. Fauziatul Noor binti Husin - Director, TJJR.

12. Jaafar bin Rihan - EPF GM Islamic Financing

13. Dato Azhary Ramly - UMNO Division Chief.

14. Clare Rewcastle-Brown and Sarawak Report.
15. The Australian newspaper.
16. EPF, Felda, Felcra, KWAP, RHB Bank, Sabah government and Ministry of Finance (MoF).

What appears to have happened is that Matrai and Miller managed to contact Najib sometime in 2012 or so. They made various proposal, with Najib's explicit support, for GLCs to invest in multi-billion ringgit property and other "deals" with promises of pie in-the-sky returns on investments and hefty profits/commissions for themselves. Miller passed away early 2014. Subsequently some new proposals were made by Miller's replacement, Nik Manikis.

Sarawak Report has broken the news of what appears to be a massive scam to misuse EPF's investments in RM10.64 billion of government guaranteed Tenaga and PLUS bonds.

The crooks had planned to use these highly rated EPF-owned bonds as collateral to borrow money from overseas banks/financial institutions and others for their own dud investments :

"Extensive evidence has emerged of an extraordinary operation to loot Malaysia’s public savings funds and pass billions of dollars into accounts controlled by individuals answering to Prime Minister Najib Razak. Following an investigation spanning several months, Sarawak Report has sighted numerous documents which reveal that since 2012 a group of operatives, assisted by two convicted foreign fraudsters, have collaborated to extract billions of dollars from EPF, KWAP, FELDA, FELCRA and other public savings funds and government linked companies.

The scheme was to invest the public money into risky, foreign investment vehicles owned by the two unlicensed foreign fraudsters (both previously jailed for financial crimes) in return for major kickbacks targeted into a small Malaysian company named TJJR Diversified (M) Sdn Bhd."

Sarawak Report has written extensively about this as well as another proposal by little-known TJJR Sdn. Bhd. for an incredible RM47 billion 'Integrated Medical Cities' project. TJJR CEO Azlan Shah is also Ladylaw's "Project Co-ordinator":

1. Ten Billion In Bonds Looted From EPF To Raise Four Billion Dollars For Najib. CLICK HERE.

2. Secret Mega-Hospital Or A Scheme To Save Billions? CLICK HERE.
3. Najib Pushed Malaysian savings Fund To Invest More Billions With Another Convicted Foreign Fraudster. CLICK HERE.
4. Fake News From EPF? CLICK HERE.

There also appears to have been another huge "deal" with Felda,  for US$1 billion or RM3.12 billion, initiated through its then Chairman, Isa Samad.

Predictably EPF has denied that any such thing happened with carefully worded statements, as did RHB Bank.

But, this matter cannot be dismissed so easily, particularly since Nic Manikis has come out in Australia. He has revealed that he and TJJR have been threatened with lawsuits by UMNO Division Chief Dato Azhary Ramli for US$25 million or RM 100 million commissions due to him on the very deals that EPF and RHB are denying ever took place.

More than that, Manaikis also confirmed that his attempts "enjoyed the support of Malaysian Prime Minister Najib Razak" in an interview with The Australian newspaper.

So, the possibilities are:

1. It never happened.
2. It happened, but the respective managements stopped the scams before any real damage took place.

3. It happened and there is a massive cover-up going on.

If it never happened, then:

1. Why is, of all people an UMNO Dato, Azhary Ramly, openly threatening to sue two parties for US$ 100 million (RM100 million), and embarrassing his own leader Najib?

2. Why did Najib's Special Assistant Siti Azizah chase Felda to move its butt?

3. Is Isa Samad's letter below to Azlan Shah of 1st April 2013 confirming  Felda's investment decision and instructions to transfer US$1 billion via HSBC London, a FAKE letter?

Could thousands of letters and documents be forged by someone  or a group, just to discredit Najib and his UMNO/BN? What is the likelihood that with the general elections coming any time now and Najib's track record of the 1MDB/SRC RM46 billion and ECRL RM55 billion fraud, that another massive fraud (or two) has actually taken place for "buy election" funds?

Why have The Australian and the Canberra Times front-page news on this issue if they do not smell blood? CLICK HERE.

And what do these pictures above and below tell us? Are they all FAKES? Are we so far, only looking at the tip of the iceberg?

Your guess is as good as mine!