How Daim moves his billions

Anyway, the RM160 billion that Mahathir and Daim jointly own is well hidden but not well hidden enough. Malaysia Todaymanaged to track how the US$5 million for the three US DoJ press conferences was paid. Mahathir says his salary does not come to RM1 billion so how could be afford to pay Kit Siang RM1 billion? Did we say he paid Kit Siang the RM1 billion from his salary?

THE CORRIDORS OF POWER

Raja Petra Kamarudin

Tun Dr Mahathir Mohamad is very angry that Malaysia Today revealed he paid Lim Kit Siang a bribe of RM1 billion. The RM1 billion is for four ‘favours’:

  1. Kit Siang will agree to PPBM joining Pakatan Harapan.
  2. Mahathir will be made Pakatan Harapan’s Chairman.
  3. Kit Siang will not reveal what he knows about Bank Negara’s RM31.5 billion losses suffered gambling on the forex market from 1988 to 1992 when he testifies at the RCI.
  4. Mukhriz will be given a safe seat to contest the next general election, a seat which DAP can tell the voters who to vote for.

Three ‘favours’ have thus far been delivered so RM750 million in total has been paid. The final tranche of RM250 million will be paid once Mukhriz’s seat is confirmed.

Two years ago, Malaysia Today revealed that the ANC (Anti-Najib Campaign) has set aside a budget of RM2 billion to oust Prime Minister Najib Tun Razak with another RM3 billion to finance the coming general election. That total of RM5 billion may sound a lot but this is a high-stakes game and in a high-stakes game the ‘table money’ must be huge. And with the RM100 billion that Mahathir has siphoned overseas, plus another RM60 billion in Tun Daim Zainuddin’s hands, RM5 billion is but a small dent.

Earlier, Malaysia Today revealed that the ANC spent US$5 million to ‘buy’ three press conferences by the United States (US) Department of Justice (DoJ). The first one was held in July 2016 and the second one in June this year. The third one is supposed to be held just before the next general election.

The chart above shows how the US$5 million was channeled to the US, plus how the various others such as Sarawak Report and so on were paid. Basically Daim controls various banks all over the world and it is through these banks that money is moved from one country to another to finance ANC’s activities. Kit Siang was paid in Hong Kong and Singapore the same way.

Mahathir has never denied the ANC paid US$5 million for the three US DoJ press conferences. And they could not deny it because there is a paper trail that shows how the money was paid and by whom. Basically you cannot deny something when there is a smoking gun. So at best they just ignore the allegation and say nothing.

Daim has a string of banks in Africa, Eastern Europe and Latin America. And he has controlling interest or sole interest in all of them. These banks were acquired since the 1990s after Daim resigned as Finance Minister in 1991 and when he and Mahathir needed to park their RM160 billion or so combined fortune outside Malaysia, partly due to the Bank Negara forex fiasco.

Mahathir initially intended to resign around the late 1990s so they had about six or seven years to securely ‘invest’ all their money in banks in three continents. But with the 1997 Asian Financial Crisis followed by Anwar Ibrahim’s attempt to grab power, that retirement plan had to be delayed a few years until 2003.

Anyway, the RM160 billion that Mahathir and Daim jointly own is well hidden but not well hidden enough. Malaysia Today managed to track how the US$5 million for the three US DoJ press conferences was paid. Mahathir says his salary does not come to RM1 billion so how could be afford to pay Kit Siang RM1 billion? Did we say he paid Kit Siang the RM1 billion from his salary?

Source: Malaysia Today

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