COMMENT Prime Minister Najib Razak’s simple statement that all’s well with 1Malaysia Development Bhd (1MDB) has failed completely to address the stunning revelation that massive funds have been allegedly ripped off from the 1MDB-PetroSaudi joint venture the day after the joint venture (JV) agreement was signed.

Whistleblower website Sarawak Report together with London’s Sunday Times have done an in-depth investigation by browsing through thousands of relevant emails and documents related to the joint venture and the picture stitched together by them is shocking and sensational.

The entire joint venture, falsely billed as worth US$2.5 billion, was a fraud allegedly orchestrated by Najib’s family friend Jho Low.