History is full of instances where family members have accused one another for wealth, power or out of sheer envy. the four brothers’s insecurity and address the issue by giving equal time and importance to both children.
The statement, signed by all four Najib’s brothers – Johari, Nizam, Nazim and Nazir – came hot on the heels of Rosmah drawing flak with her revelation that it cost RM1,200 to dye her hair.
statement issued late yesterday,
1MDB has been surrounded by questions and scandal. Many of the questions stem from the fact that the fund’s “chief economic adviser” is Malaysia’s Prime Minister, Najib Razak. Although no direct lines are drawn, media and political criticism of the travails of 1MDB frequently include references to the extraordinary amounts of money being spent on property and luxuries by Najib’s family and close relatives. a flamboyant young Malaysian financier, Jho Low, who persuaded Najib to set up 1MDB, has bought multimillion-dollar properties in the United States on behalf of the Prime Minister’s stepson, film producer Riza Aziz.
Tong isn’t the only one pushing back against blog attacks associated with criticism of 1MDB. Another is the Prime Minister’s brother, banker Nazir Razak, who has also launched legal action against Low. Nazir, Head of CIMB, Malaysia’s fastest-growing bank, has had a very public falling-out with his brother Najib over the flaunting of excessive wealth by the Prime Minister and his wife. In January last year Nazir wrote a long article for an online business news site about their father, Malaysia’s second Prime Minister, Abdul Razak, and his absolute refusal to use public funds for his own and his family’s personal expenses
Jho Low, Well Connected in MalaysiIn a statement provided by a spokesman, Mr. Low, whose full name is Low Taek Jho, said he “is a friend of Mr. Riza Aziz and his family.” His real estate transactions with Mr. Aziz were made “on an arm’s-length basis,” he said, adding that he had never purchased real estate in the United States for the prime minister’s family or “engaged in any wrongful conduct regarding any financial matters for the prime minister and his family.”At the Time Warner Center, The Times found, the 76th-floor penthouse, purchased through a shell company called 80 Columbus Circle (NYC) L.L.C., is one of at least a dozen that can be traced to people with close ties to current or former high-ranking foreign officials, or to the officials themselves.Much of the significant reporting on the issues around the management of 1MDB has been done by The Edge, Malaysia’s bestselling business newspaper, which is owned by Tong Kooi Ong. Tong is well known in Canada as the owner of Toronto-listed Taiga Building Products Ltd., the largest wholesale distributor of building materials in Canada and California. Tong has filed a suit against Low, who Tong believes was behind a defamatory blog attack after The Edge published details of 1MDB’s troubled internal affairs.First, a shell company connected to Mr. Low, famous back home for partying with the likes of Paris Hilton, purchased a $23.98 million apartment in the Park Laurel condominiums in Manhattan. Three years later, that shell company sold the condo to another shell company, this one controlled by someone even more prominent in Malaysia: the film-producing stepson of the prime minister.A similar transaction was playing out on the other side of the country. Mr. Low bought a contemporary mansion in Beverly Hills for $17.5 million, then turned around and sold it, once again to the prime minister’s stepson. (Read a summary of this article in Malay.)Mr. Low also went shopping at the Time Warner Center condominiumsoverlooking Central Park. He toured a 76th-floor penthouse, once home to the celebrity couple Jay Z and Beyoncé, then in early 2011 used yet another shell company to buy it for $30.55 million, one of the highest prices ever in the building.Much of the concern, even in Mr. Najib’s own long-ruling party, involvesquestions about the Malaysian sovereign wealth fund. More broadly, though, the prime minister’s trappings of wealth and the widely broadcast tales of his wife’s outsize spending — the diamond jewelry, the collection of extravagantly costly Hermès Birkin bags — have become a focus of Malaysians’ rising unease with their government’s institutionalized culture of patronage and graft.
Several mainstream newspapers have blacked out the recent statement by the four brothers of Prime Minister Najib Abdul Razak regarding their late father’s alleged wealth, further highlighting speculation of a rift in the premier’s family.
Checks by Malaysiakini has found that the statement - glaringly not signed by Najib - was not carried in the Wenesday and Thursday print editions of Utusan Malaysia, Berita Harian, New StraitsTimes, and The Star.
This is on the PAS organ’s query whether Riza Aziz benefited from 1MDB.Prime Minister Najib Abdul Razak has threatened to sue PAS organHarakah over an article about his stepson Riza Aziz.
Najib's lawyers handed a letter of demand to Harakah managing director Rosli Yaakub at 3pm today, according to an online report by Umno-owned Utusan Malaysia.
whatever he says to the press, please do not ever emulate what the media people of the Prime Minister’s Office allegedly told the New York Times in relations to the Jho Low expose that is “neither any money spent on travel, nor any jewellery purchases, nor the alleged contents of any safes are unusual for a person of the prime minister’s position, responsibilities and legacy family assets.Foot Note: As for the PM inheriting family's assets as stated above, a few days ago I was told by a former political aide to the late Tun Abdul Razak Hussein that he did not die a wealthy man. He left behind two houses – one in Pekan and another in Kuala Lumpur.
“That’s a lot of money,” Sivarasa Rasiah, an opposition lawmaker, said of Mr. Aziz’s spending. He added, “Every U.S. report on him talks about family wealth. Family who?”While Mr. Aziz has previously said he is personally wealthy, he declined to explain how he had acquired his money. Mr. Najib’s office, in a statement, said, “The prime minister does not track how much Mr. Aziz earns or how such earnings are reinvested.” As for the prime minister himself, the statement said he had “received inheritance.”In a statement provided by a spokesman, Mr. Low, whose full name is Low Taek Jho, said he “is a friend of Mr. Riza Aziz and his family.” His real estate transactions with Mr. Aziz were made “on an arm’s-length basis,” he said, adding that he had never purchased real estate in the United States for the prime minister’s family or “engaged in any wrongful conduct regarding any financial matters for the prime minister and his family
“We are very concerned,” Tengku Razaleigh Hamzah, a member of Malaysian royalty and an independent-minded elder statesman of Mr. Najib’s party, said in an interview in Kuala Lumpur last summer. “We want people of integrity to be up there.”Increasingly, the glare turns to Mr. Najib’s stepson, Riza Aziz, and so to Mr. Aziz’s friendship with Mr. Low. With Mr. Low’s help, Mr. Aziz runs a Hollywood company that produced the films “The Wolf of Wall Street” and “Dumb and Dumber To.” He has spent tens of millions more on the homes in Manhattan and Beverly Hills, transactions that involved Mr. Low, The Times found.