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💰1MDB Global Scandal💰

What is 1MDB?

Short for 1Malaysia Development Berhad (which means limited), the fund was set up in 2009 by then-Prime Minister Najib Razak to invest government revenues in real estate

MAIN THREAD #1MDB
Questions arose in early 2015 when the fund failed to meet payments on $11 billion in debt.

🔑The WSJ then published documents showing that about $700M from 1MDB-linked entities had ended up in Najib’s personal bank accounts just before elections in 2013.
latimes.com/world/la-fg-ma…
By far the largest transactions that flowed into Malaysian PM Najib’s accounts were two deposits of $620M & $61M in March 2013, during a heated election campaign in Malaysia.
wsj.com/amp/articles/m…
Read 42 tweets
💰1MDB -Trump Campaign💰

🔑DOJ Probes Whether Jho Low, the Fugitive Financier Supplied Donation to Trump Re-Election Effort

🔑Justice Department investigates whether the $100,000 contribution came from Malaysian businessman charged in a global scandal
wsj.com/amp/articles/d…
The $100,000 donation was made in December 2017 to the Trump Victory committee—which is involved in helping re-elect President Trump in 2020—by Larry Davis, a U.S. citizen who co-owns LNS Capital, a Hawaii-based investment company.
wsj.com/amp/articles/d…
🔑Authorities are seeking to determine whether transfers totaling $1.5 million to LNS Capital—originating with the Malaysian businessman, Jho Low—financed Mr. Davis’s donation to Trump Victory. #Strawman #FCPA
wsj.com/amp/articles/d…
Read 22 tweets
💰1MDB - Elliott Broidy💰

Trump Ally Was in Talks to Earn Millions in Effort to End 1MDB Probe in U.S.

Emails indicate Brody and his wife were negotiating a fee if the US Justice Department closed its investigation of 1MDB
wsj.com/articles/trump…
Background:

Broidy, a top Republican fundraiser close to Trump was in negotiations to earn tens of millions of dollars if the U.S. DOJ dropped its investigation into a multibillion-dollar graft scandal involving a Malaysian state investment fund. #1MDB

wsj.com/articles/trump…
In emails Broidy & his wife, Robin Rosenzweig, discussed setting up a consulting contract with Jho Low, who is at the center of the 1Malaysia Development Bhd. scandal, which brought scrutiny to the country’s prime minister, Najib Razak.

wsj.com/articles/trump…
Read 18 tweets
💰1MDB - Deutsche Bank💰
💰1MDB - Goldman Sachs💰

Background:

U.S. Investigated Deutsche Bank’s Dealings With Malaysian Fund #1MDB

Justice Department looked into whether German bank violated foreign corruption or anti-money-laundering laws.

wsj.com/articles/u-s-i…
The U.S. Justice Department investigated whether DB violated foreign corruption or anti-money-laundering laws in its work for the 1MDB. fund, which included helping the fund raise $1.2 billion in 2014

wsj.com/articles/u-s-i…
The investigation into Deutsche Bank has been helped in part by a former Goldman Sachs Group Inc. executive, Tim Leissner, who is cooperating with authorities.
wsj.com/articles/u-s-i…
Read 23 tweets
💰1MDB & UAE💰

Stolen Emails Show Ties Between U.A.E. Envoy and 1MDB Fund’s Central Figure
Amb Yousef Al Otaiba had longstanding ties to a financier the U.S. says is at the center of a scandal surrounding a Malaysian state development fund

wsj.com/amp/articles/s…
Leaked emails are embedded in this article: #1MDB

sarawakreport.org/2017/08/more-l…
Yousef Al Otaiba, the UAE ambassador to the U.S., attempted to shape American policy toward the Middle East & lobbied over a regional dispute with Qatar. #KushBlockade
wsj.com/amp/articles/s…
Read 25 tweets
Well I love it when a prediction comes true! Great job @alekboyd
DOJ SDTX unveils a guilty plea for the Venezuelan oil industry case! #ButNothingsHappening #FCPA
justice.gov/usao-sdtx/pr/b…
Suspect was arrested in in July 2018 but his plea deal is being revealed now. People talk a lot about sealed cases but never notice when they are unsealed!
Case implicates Venezuelan oil company Petroleos de Venezuela S.A. (PDVSA) & their US branch Citgo Petroleum Company #Citgo
Looks like he was hiding the cash in foreign shell company bank accounts! #receipts!
Read 5 tweets
🎨SKETCH ARTISTS

‘Case Closed’: McConnell urges Congress 2 move on from Mueller Report

Mueller report: Democrats slam Republicans 4 'stunning act of cynicism'

‘There is a dark connection in Washington between McConnell, Barr + tRUmp’

Contempt Hearing – “All systems go!”
🎨SKETCH ARTISTS 2

Durbin: McConnell ignored election security because GOP benefited from Russians

FBI Director Wray distances himself from Barr's use of 'spying' on Trump campaign

C.I.A. Had Evidence of Russian Effort to Help Trump Earlier Than Believed
🎨SKETCH ARTISTS 3

WH invokes executive privilege to bar former counsel from turning over documents to Congress

🔥Robert Mueller is leaving the Justice Department 'within coming days.’

W Mueller on Justice staff, Barr has sway over testimony👆

House's Barr Contempt Docs
Read 83 tweets
"In late 2016, as Trump was readying to move into the WH, Elliott Broidy...was working on a deal to gain control of what a biz partner called “billions...in oil & gas, and mining assets” in ANGOLA." h/t @Klickedy

motherjones.com/politics/2018/…
"Broidy used his clout to hook up top Angolan gov't ofcls w/members of the US Congress & the Trump admin. It was a swampy endeavor involving old-fashioned political influence, a BH activist/realtor, & a Nigerian American businessman who had been a close friend of Michael Jackson"
"Broidy is no longer a power player wielding sway in the Republican cosmos. Early this yr, he faced a series of media stories that raised questions about his biz dealings (which includ'd ventures w/the gov'ts of SA, the UAE, Romania, & Repub of Congo) & allegd influence peddling"
Read 111 tweets

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