In the light of the renewed controversy stirred by the seizure of Jho Low’s RM1 billion luxury yacht in Bali, the Inspector-General of Police (IGP), Tan Sri Mohd Fuzi Harun concluded that there’s nothing linking 1MDB to Jho Low after investigating the Public Accounts Committee Report on 1MDB.
This was despite the fact that the United States Department of Justice (US DOJ) has traced the money trail from 1MDB to a Jho Low-controlled company to pay for the Equanimity.
It is clear from the IGP’s testimony that the Police has failed to investigate the evidence provided for by the US DOJ. However, in asserting that Jho Low has nothing to do with 1MDB, the IGP’s statement also confirmed that the Police is closing both eyes to investigations already carried out by local authorities, in particular, Bank Negara Malaysia (BNM).
Attached with this statement was a letter sent by BNM to the Public Accounts Committee (PAC), addressed to the Chairman, Datuk Hasan Arifin. The letter was dated 6 April 2016, exactly the day before the PAC’s 1MDB Report was tabled in Parliament.
In the letter, BNM had confirmed that based on information voluntarily provided by 2 different foreign authorities, the sole beneficial owner of Good Star Limited and the bank account it owns in RBS Coutts Bank belongs to a “Low Taek Jho”, or better known as Jho Low.
This letter was never presented or deliberated by the PAC by the Chairman. After PAC members including myself discovered the existence of the letter after it was exposed by The Wall Street Journal, Datuk Hasan Arifin continued to refuse to share the letter with the Committee Members, citing confidentiality.
This was despite the fact that BNM had specifically written to say that the information contained in the letter is for “the purposes of investigations by the PAC”.
The 1MDB management and the Auditor-General has already separately confirmed that the total amount of US$1.03 billion (RM4 billion) was transferred directly from 1MDB to Good Star Limited over the period of 2009 to 2011. However, 1MDB had claimed, without providing any documentary evidence that Good Star Limited was owned by Petrosaudi International Limited, 1MDB’s first joint venture partner.
Even this claim of Petrosaudi ownership was subsequently denied by Petrosaudi itself, after the exposes by the US DOJ.
The question Malaysians are asking is, is the IGP sleeping? Who is he protecting? Why is the IGP refusing to investigate the RM50 billion 1MDB scandal, and instead making outrightly false assertions that Jho Low is not at all connected to 1MDB?
The Police is in full possession of the above letter. Is the IGP claiming that BNM concocted the above evidence? By failing to investigate 1MDB and lying through his teeth to protect those who have robbed the people, Tan Sri Mohd Fuzi Harun will go down in history as the worst IGP Malaysia has ever had.