Writing in EdgeProp today, he said he was making the statement following Najib’s statement, in an interview with Sinar Harian last week, that based on information available today, Jho Low had cheated Malaysia of billions of dollars through transactions done by 1MDB.

Najib had claimed he was not aware that anything was wrong because he was not told about it, putting the blame solely on Goldman Sachs and 1MDB’s lawyers and auditors for allowing wrongdoings to take place.

“They should have informed me if something was not right,” Najib had said. “They clearly failed in carrying out their responsibilities.”

Tong said Najib “obviously” still refuses to take any responsibility over 1MDB and is blaming everyone else and pleading ignorance. A few months ago, he put the blame on 1MDB’s board of directors.

“Najib claimed he was not aware that anything was wrong because he was not told about it.

“Over the past four years since The Edge, which I own, had its run-in with Najib’s government over our exposés of wrongdoings at 1MDB, I have refrained from making any public comment on what happened back in 2014/15.

“I have also not said anything in public about how the matter was handled by Najib, whom I have known for more than 25 years. I felt it was best left to investigators to do their work.

“But I think it is now time that some things be told because Najib’s act of innocence over 1MDB and Jho Low should not be tolerated any more,” Tong wrote.

Tracing back the history of 1MDB, Tong said it was started by Najib in 2009 and the first deal it did was a US$1.0 billion joint venture with Petro Saudi International (PSI), which eventually rose to US$1.8 billion in 2011.

“Not much information was revealed about the progress of that joint venture between 2009 to 2013, by which time 1MDB had accumulated debts of over RM38 billion, including raising three bonds totalling US$6.5 billion with the help of Goldman Sachs to buy two power plants and to develop the Tun Razak Exchange (TRX).

“Starting from December 2013, The Edge began to scrutinise all these transactions,” Tong said.

He said his weekly questioned why 1MDB had overpaid for the power plants, the land in Penang and the huge fees of over US$600 million to Goldman Sachs.

“The Edge also asked why 1MDB had three auditors in five years and cast doubt on how it could pay its mountain of debts given that it had not much cash flow.”

Tong said The Edge’s reports, from December 2013 to December 2014, led to personal attacks on him and he was accused by certain bloggers of publishing fake negative news as “he had taken short positions in the ringgit”.

“We traced one source of these attacks to a person using the blogging handle Ahrily 90. We discovered that the same Ahrily90 had also made vicious attacks against Tun Dr Mahathir Mohamad and Datuk Seri Nazir Razak who, by then, had also openly criticised what was happening at 1MDB.

“Even more significant was that Ahrily90 was also behind two social media sites that promoted Jho Low as a successful and charitable businessman.”

Meeting with Sarawak Report editor

Tong said the chance to get solid proof came when The Edge was told that Sarawak Report editor Clare Rewcastle Brown knew of a whistleblower who had evidence of wrongdoing to share.

“On Feb 10, 2015, The Edge publisher Ho Kay Tat and I met Clare in Singapore and we were introduced to Andre Xavier Justo, who had worked at PSI as a senior director. The documents and emails that we received from Justo were the proof we needed.

“It took us a few weeks to go through the documents to piece together how much of the US$1.8 billion that 1MDB invested in the JV with PSI were siphoned out by Jho Low and PSI founders Tarek Obaid, Patrick Mahony and Prince Turki.”

Tong said on March 6, 2015, at 10.45pm, he met Najib at his Jalan Duta house. This was at the request of Abdul Azeez Abdul Rahim, the then Baling MP and chairman of Tabung Haji and also close confidant of Najib.

“Najib started by telling me The Edge was wrong and that the problems of 1MDB were its business model of carrying too much debt. There was no theft of money.

“I told him otherwise. I shared with him information that I believed was proof that it was all a scam, with Jho Low at the centre of it. I explained how the accounts were made up to report a profit and why I believed the cash was all gone.

“After about half an hour, he relented and told me he would shut down 1MDB. He didn’t say what he was going to do about the debts.”

Tong said he told Najib that Jho Low must be held accountable and be prosecuted.

“This upset him. He immediately stood up, walked to the door and asked me to leave. I was taken aback that he was so sensitive about Jho Low.”

Tong said The Edge decided to publish its first exposé based on the documents received from Justo.

The cover story, titled “Shahrol, Please Explain Good Star, the money 1MDB paid the company and why you took instructions from Jho Low”, hit the newsstands on March 7, 2015.

Tong said Paul Stadlen, Najib’s media adviser, met him on half a dozen occasions, initially to persuade but later to threaten him about The Edge’s reports.

“Stadlen made it very clear that any attack on Jho Low was an attack on Najib, and that he was conveying this message from his boss.”

Meeting with Dr Mahathir in London

Tong said he discussed the situation with Najib’s brother Nazir, who had been working closely with him since 2014 to find ways to uncover the shenanigans at 1MDB so that action could be taken. Nazir was also under a lot of pressure to back off.

“We agreed that we needed to seek help from Tun Dr Mahathir Mohamad and flew to London in April, where he was at the time, to brief him. We felt only Tun Dr Mahathir could do something.

“Aside from Tun Dr Mahathir, Nazir and I also met a few other government leaders. I met Tan Sri Muhyiddin Yassin, who was deputy prime minister.”

Muhyiddin subsequently spoke up and paid the price as Najib dismissed him as DPM and sacked him from Umno.

On July 24, 2015, the home ministry suspended The Edge weekly and The Edge Financial Daily after the daily published a Page 1 story titled “How Jho Low and Petro Saudi cheated Malaysia of US$1.83 billion cash”.

“Kay Tat and I were investigated by the police for economic sabotage and I was barred from leaving the country.

“Najib knew what Jho Low did. We provided the evidence and he shut us down to shut us up,” Tong said