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[Tempatan] Detail about Ds Najib and 1MDB by Tun M

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Post time 10-8-2015 11:22 PM | Show all posts |Read mode
1. I used to enjoy being asked about Malaysia when I am abroad. But not now.

2. The foreigners and Malaysians living abroad ask, “What is happening
to Malaysia?”

3. “It seems to be like one of those African or Arab countries.”

4. “It is totally corrupt. The currency has depreciated”.
Etc. Etc.

5. I cannot answer truthfully. I cannot lie either. It is embarrassing. And all this is because of the 1MDB and Najib.

6. I began to feel there was something wrong with the 1MDB when The Edge published that it had bought power plants above market price and borrowed money paying commissions of 10% and interest rate of 5.9%.

7. I waited for the Government to deny that what was published by The Edge was correct. The Government did not. Then I know there was something very wrong.

8. Subsequently came the stories about a JV with Petrosaudi. It was too quick. Obviously no due diligence was done. Yet 1MDB paid 1 billion U.S. (3.8billion Ringgit) for its 40% share.

9. Then 1MDB paid another US 700 million to settle debts incurred by Petro-Saudi to Petro Saudi International. Why should 1MDB pay. The JV should pay.

10. But within 6 months of setting up the JV, it was dissolved. Had a good due diligence been done, this JV would not have been set up. Clearly it was not a viable proposition!

11. The 1.7 billion US should now be returned to 1MDB. But No! It was converted into a loan (Murabahah) to Petrosaudi. This is extremely unusual. If you could not work with Petrosaudi as a JV partner how could you give it such a huge loan.

12. Then the money seems to have disappeared. It was previously reported to be deposited in banks in Hong Kong and Seychelles, invested in something or other and was supposed to end up in the Cayman Islands.

13. Concerned Malaysians demanded that the money be returned to Malaysia. An announcement was made that a portion had been returned to Malaysia but was used to pay debts and other expenses. Malaysia wanted more information especially as a 2 billion Ringgit interest on loans could not be paid. 1MDB just had no money. So where is the money from the Caymans. Why should Ananda Krishnan offer 2 billion Ringgit to help pay the interest. Government had to provide a stand-by loan of RM900 million.

14. Things did not look right. Then 1MDB announced that the rest of the money from Cayman Islands had been received in cash. Arul, the CEO, claimed he saw the money. The PM said the money was deposited in a Singapore Bank. It was not brought back to Malaysia because Bank Negara would ask too many questions.

15. That seems to be an admission that something was not right with the money.

16. But Singapore is a financial centre. As such it must be even more careful that money brought in and deposited in its banks should be investigated, especially if the sum is large, running into billions.

17. And sure enough the Monetary Authority of Singapore stated publicly that no 1MDB Malaysian money came into the country. The Swiss Bank which was named as the bank where the money was deposited denied 1MDB had deposited money with it.

18. So where were the billions of Ringgits or Dollars that 1MDB claimed it had brought back from the Caymans. Arul Kandasamy had openly claimed he saw the money.

19. Now the PM declared that it was not money. It was units. The bank where it was deposited was not named.

20. What units were these. Not units in Unit Trust Funds certainly. No explanation is forth coming. The billions of dollars have again disappeared.

21. Then the Wall Street Journal reported that Dato Sri Najib has USD700 million in his account in the Arab Malaysian Bank in Kuala Lumpur. That is about 2.6 billion Ringgit. How did this huge sum of money get into Najib’s Private Account. Where did the money come from!! How can the PM of Malaysia whose pay is only RM20,000 per month have so much money in his private account?

22. Unable to deny the Wall Street Journal report which included the account number and other details, Najib claimed that it was a donation.

23. Who in the world would donate USD700 million to the Malaysian Prime Minister? Even Obama could not raise this amount for his Presidential bid. It was suggested it was an Arab.

24. Arabs are generous, but not that generous. I could not raise even a single dollar from them for the Malaysian International Islamic University or for the Oxford Islamic Centre. This claim that Arabs donated billions is what people describe as hogwash or bullshit. Certainly I don’t believe it and neither can the majority of Malaysians if we go by the comments on the social media. The world had a good laugh.

25. When asked, the PM said wait for the report on 1MDB by the Auditor–General and the Public Accounts Committee.

26. To the UMNO divisional leaders and assorted bedfellows the PM in close-door meetings, claimed the billions were for the elections.

27. The 2 billion Ringgit plus for elections is absurd. I needed less than 10 million for each of the five elections I presided over and I won them all with more than 2/3 majority. Why do you need 2.6 billion plus or 2600 million Ringgit. Is it to bribe politicians and civil servants, or to rig the elections. That would not be right , much less legal.

28. Whatever, to me 2 billion plus for elections in Malaysia by any party is wrong even if no limit is put on election expenses.

29. Then there is this lavish life-style which no Malaysian Prime Minister would be able to afford on the RM20,000 per month he receives. Engagement and weddings lavishness far surpassed those of the Rulers even. Several ceremonies were held in Malaysia and also in Kazakhstan. Guests were loaded with gifts from the host. Clearly millions, tens of millions were spent, far beyond what a Malaysian PM can afford.

30. Then there is the son’s investment of hundreds of millions in producing the film The Wolf of Wall Street. It is so pornographic that it cannot be shown in Malaysia. Where did the money come from!

31. The shopping in London, Paris and elsewhere is known to be enormous.

32. Clearly the PM and his wife have more money than the salaries and allowances paid to the PM.

33. After the Wall Street Journal reported on Najib’s 2.6 billion Ringgit in his private account, it was closed. You cannot take all that money to keep with you. It had to be transferred. Apparently it was transferred to a Singapore bank. Then the Singapore authorities froze it.

34. Public clamour about the origin of the money in Najib’s account was so loud that a task force comprising the head of four government institutions was set up. The Attorney General headed this task force and the members were the IGP, the Head of Bank Negara and the Head of MACC, the Malaysian Anti-Corruption Commission.

35. Najib was clearly uncomfortable with the investigations carried out by the task force. The members seemed to be too independent. Najib could not control them. The task force was apparently determined to seek the truth about the 1MDB and the 2.6 billion Ringgit in Najib’s account. Najib’s claim that it was a donation was not convincing.

36. Then Najib decided to take action to stop all the investigations on 1MDB and his private account.

37. First he announced that people should stop talking about 1MDB. It was not just a hint but an open statement that such talk would be regarded as undermining democracy and an attempt to overthrow an elected leader. This would attract police attention and investigation.

38. Immediately following that the A.G. was sacked. In Malaysia’s legal system the A.G. determines whether a case would be heard in a court or not. The A.G. who seemed to be heading the task force would be in a position to take to the courts if there was evidence of criminality in Najib’s possession of the billions in his account.

39. The A.G’s removal means that he could no longer make any decision over the unprecedented wealth of Najib. A judge was made A.G. and clearly he is not interested in the task force and its investigations. He seemed determined to clear Najib.

40. Then the DPM was dismissed and replaced by the Minister of Home Affairs who unlike Muhyiddin, had never questioned Najib about 1MDB.

41. In the cabinet reshuffle four members of the Public Accounts Committee including its chairman were made deputy ministers. Effectively, the PAC was paralysed and the work of investigating 1MDB stopped.

42. Then the chief and deputy chief of MACC, a member of the task force of four were asked to go on leave. When some members of the staff of MACC continued their investigations and wanted to query Najib on the source of the money in his account, they were harassed by the police who accused them of leaking information. Then they were transferred to the PM’s department. That shut them up.

43. The Governor of the Central Bank, a member of the four-strong Task Force is now rumoured to be investigated for corruption.

44. With the PAC, and the Task Force paralysed and the A.G. sacked, investigation work on the 1MDB and the 2.6 billion in Najib’s private account grounds to a complete halt.

45. Najib is now safe from being charged with illegally amassing funds. His claim that it is to be used for the coming elections is half-true. He had always said that cash is king. With the huge funds at his disposal he would be in a position to bribe his way to victory. He may also use the money to rig the election.

46. What Najib is doing is unprecedented in Malaysia. The people are at a loss as to what to do. The prospect of Najib continuing to rule this country is utterly depressing. The Malaysia where elections can even see opposition parties winning whole states will be no more.

47. Democracy is dead. It is dead because an elected leader chooses to subvert the institutions of Government and make them his instruments for sustaining himself. There is no more democracy for anyone to undermine. Certainly talking about 1MDB will not undermine something that no longer exist. If anyone should be questioned by the police, it is Najib.

Tahniah Malaysian. We got the best PM ever..

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Post time 10-8-2015 11:47 PM | Show all posts
Interesting!

Point- to- point. Mudah difahami.

Bagus duit dah dibekukan di Singapore.
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Post time 11-8-2015 12:00 AM From the mobile phone | Show all posts
Macam tengok citer P Ramlee....senang faham
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Post time 11-8-2015 12:01 AM | Show all posts
brape byk thread la nk dibuka..TT baru bangun tido agaknya
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Post time 11-8-2015 12:02 AM From the mobile phone | Show all posts
Nampak sgt kekantoian Bijan kepit & Nek Mah
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Post time 11-8-2015 12:10 AM | Show all posts
nmpk suka2 keluar duit dlm 1mdb ni dah jd mcm company mak bapak najib je


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Post time 11-8-2015 04:53 AM | Show all posts
9. Then 1MDB paid another US 700 million to settle debts incurred by Petro-Saudi to Petro Saudi International. Why should 1MDB pay. The JV should pay.
21. Then the Wall Street Journal reported that Dato Sri Najib has USD700 million in his account in the Arab Malaysian Bank in Kuala Lumpur. That is about 2.6 billion Ringgit. How did this huge sum of money get into Najib’s Private Account. Where did the money come from!! How can the PM of Malaysia whose pay is only RM20,000 per month have so much money in his private account?
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Post time 11-8-2015 08:14 AM | Show all posts
smlm dah ada kan..motip? jgn la bukak byk2..
x tentu arah jiwa macai nk jwb byk thread..






@spiderman80

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Post time 11-8-2015 08:20 AM | Show all posts

Yg paling best bila bangsa lain ckp mcm ni..

"Melayu bodoh.. mau tipu tak tau cover.."
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Post time 11-8-2015 08:43 AM | Show all posts
Macai dah back up ke?? kat mana? kat mana?
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Post time 11-8-2015 08:48 AM | Show all posts
apa betul semua teori nya??
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Post time 11-8-2015 08:55 AM | Show all posts
jadi apa rakyat tunggu apa lagi???? bila nak jatuhkan pemimpin korup ni??

nanti jadi macam cerita bukit kepong.....tok ketua x abis2 kata kita tunggu ujung2 habis berek polis terbakar hangus
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Post time 11-8-2015 08:59 AM | Show all posts
Summarise for the main issue.........tegar tegar Najibjer buat buat tak faham and more dia dah lantik byk tegar tegar internet yang boleh backup dia  macam AN/ dll nyer hehehe
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Post time 11-8-2015 09:00 AM From the mobile phone | Show all posts
Pray for Malaysia. Cepat2 la perompak ni jatuh takhta dan hilang kuasa. Betul ckp Tun M. I went abroad pun dah ada org luar tanya what's happening in Malaysia. Memalukan.
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Post time 11-8-2015 09:00 AM | Show all posts
Simunggu replied at 11-8-2015 08:48 AM
apa betul semua teori nya??

kemungkinan ke salah?......... INi summarise curiousity rakyat marhein yang nak kepastian .........
Jawapan jawapan yang diberikan semua tak make sense untuk marhein fikirkan kelogikan.
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Post time 11-8-2015 09:03 AM | Show all posts
where are your from?
mesia!
oh...your prime minister is very rich
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Post time 11-8-2015 09:05 AM From the mobile phone | Show all posts
Takde ke undang undang yg boleh gulingkan pemimpin corrupt? :
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Post time 11-8-2015 09:17 AM | Show all posts
1MDB: Dakwaan Dr M kitar semula, tiada bukti

10:58PM - 10 Aug 2015
http://www.malaysiakini.com/news/308095



1Malaysia Development Berhad (1MDB) terus menumpukan kepada pelan rasionalisasinya walaupun menerima tuduhan 'kitar
semula' dan tidak dibuktikan daripada bekas Perdana Menteri Tun Dr. Mahathir Mohamad dalam catatan terbaru di blog beliau.

Dalam kenyataan hari ini, 1MDB berkata tuduhan tersebut telah ditangani oleh  1MDB dalam pelbagai kenyataan, termasuk penjelasan terperinci mengenai aliran dana daripada pelaburannya dalam usaha sama dengan PetroSaudi International.

1MDB berkata tuduhan kitar semula itu bukan sahaja menimbulkan fitnah ke atas 1MDB, tetapi turut memberi kesan kepada operasi hariannya.

"Kami juga memberi penjelasan, beberapa kali, mengenai rasional kami untuk nilai yang kami bayar dalam mengambil alih aset tenaga kami.

"Seperti yang kami jelaskan dalam kenyataan kami bertarikh 30 Jun 2015, 1MDB percaya nilai yang kami bayar untuk aset-aset ini - yang mungkin melibatkan premium dalam keadaan tertentu, sebagai biasa apabila mengambil alih perniagaan lain - sejajar dengan potensi sedia ada dan yang akan datang.

"1MDB kini mahu terus menumpukan kepada kejayaan pelaksanaan pelan rasionalisasi kami, yang telah dibentangkan kepada kabinet pada 29 Mei, 2015," menurut 1MDB.

Sejak itu, 1MDB berkata ia telah mencatat kemajuan, bermula dengan pembayaran semula pinjaman berjumlah US$975 juta (kira-kira RM3.6 bilion) dan pemeteraian lembaran jangka mengikat dengan International Petroleum Investment Company (IPIC) yang akan membawa kepada pengurangan hutang syarikat kira-kira RM16 bilion.

"Kami turut melantik perunding hartanah bebas untuk menjana wang daripada tanah-tanah syarikat di Bandar Malaysia, Air Itam dan Pulau Indah," kata 1MDB.

Mengenai Bandar Malaysia, 1MDB berkata pihaknya menerima minat daripada 40 syarikat tempatan dan antarabangsa untuk menjadi rakan pembangunan bagi projek membabitkan 194.4 hektar (486 ekar) dan mereka kini dalam proses kajian terperinci.

1MDB juga kini dalam kajian terperinci dengan syarikat tempatan dan antarabangsa yang telah disenarai pendek bagi jualan pelaburannya dalam Edra Global Energy Bhd, katanya.

Katanya secara kolektif, tindakan oleh 1MDB ini akan mengurangkan hutang dengan ketara dan memastikan tiga aset terasnya mampan untuk tempoh jangka panjang, iaitu TRX, Bandar Malaysia dan Edra Global Energy.

- Bernama
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Post time 11-8-2015 09:18 AM | Show all posts
......

pinjam jwpn lss je la,

LOL!! RECYCLED. How many times must answer Tun M but he appears to ignore ther replies and goes on to say what he wants to say - even though it is clearly wrong.
---
1MDB remains focused on rationalisation plan despite recycled allegations

Tun Dr. Mahathir Mohamad in his latest blog posting today recycled old and unproven allegations, which have been addressed by 1MDB in various statements shared with the media.

On 30 June 2015, in our response to one of Tun Mahathir’s postings, 1MDB have provided a detailed explanation on the flow of funds from our investment in the joint venture with PetroSaudi International.

We have also explained, on several occasions, our rationale for the price we paid in the acquisition of our energy assets. As we had explained in our statement dated 30 June 2015, 1MDB believe that the value we paid for these assets - which may have involved a premium in certain instances, as is common when acquiring another business - is commensurate with their existing and future potential.

These recycled allegations not only cast aspersions on 1MDB but also impacts the day-to-day operations of the company. 1MDB have repeatedly responded to these unfounded allegations by Tun Mahathir as evidenced in our statements on 10, 16, 18 and 30 June 2015.

1MDB would now like to remain focused on the successful implementation of our rationalisation plan, which was presented to the Cabinet on 29 May 2015.

Since then, 1MDB has been making good progress, beginning with the repayment of a US$975 million (approx. RM3.6 billion) loan and execution of a binding term sheet with International Petroleum Investment Company (IPIC) that will ultimately result in the reduction of approximately RM16 billion of the company’s debt.

We have also appointed an independent real estate consultant for monetisation of the company’s land parcels in Bandar Malaysia, Air Itam and Pulau Indah.

With regards to Bandar Malaysia, 1MDB have received expressions of interest from 40 local and international parties to be development partners for our 486-acre Bandar Malaysia project, who are now in a detailed due diligence process.

1MDB is also now in due diligence with shortlisted local and international parties in relation to a sale of our investment in Edra Global Energy Berhad.

Collectively, these tangible actions by 1MDB will significantly reduce debt and ensure the long term sustainability of our three core assets, namely TRX, Bandar Malaysia and Edra Global Energy.





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Post time 11-8-2015 09:24 AM | Show all posts
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