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Showing posts with label IPIC. Show all posts
Showing posts with label IPIC. Show all posts
Tuesday, January 09, 2018

Did 1MDB resort to carefully leaked fake news to The Singapore Straits Times to cover up the fact that the Ministry of Finance forked out another RM2.4 billion to foot the bill for 1MDB’s debt to IPIC?

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1MDB proudly announced that they had made their final US$602.7 million or RM2.4 billion settlement payment to Abu Dhabi’s International Petr...
Wednesday, November 01, 2017

We either have the stupidest Finance Minister in the world or one who is trying his very best to pretend to be the stupidest

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I have asked the Minister of Finance to state the current value of remaining investment ‘units’ owned by 1MDB subsidiary Brazen Sky Limited ...
Tuesday, October 24, 2017

The Speaker has gone bonkers in his over-zealousness to cover up the 1MDB mega-scandal, in this case a US$600 million (RM2.5 billion) emergency bailout of 1MDB by the Ministry of Finance in August 2017

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The Parliament question time has become a complete joke.  During the last sitting, I had 5 questions rejected for asking questions with rega...
Wednesday, August 30, 2017

How did 1MDB make the additional US$300 million of debt repayment to the US$350 million paid earlier this month?

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We have received the good news that "IPIC has now received the funds required to be paid by Aug 31 to complete the performance by Minis...
Sunday, August 13, 2017

Arul Kanda’s disastrous record at 1MDB makes him the least qualified to take over the reigns of Khazanah Nasional

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Malaysians were shocked to read the report by The Malaysian Insight on Thursday that Arul Kanda is one of the candidates being considered f...
Saturday, August 12, 2017

How did 1MDB make its “equivalent” of US$350 million payment to IPIC?

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1MDB proudly announced that it has successfully made partial payment for the outstanding sum to Abu Dhabi’s IPIC, after twice having the dea...
Thursday, August 03, 2017

No Malaysian or international is willing to help 1MDB launder funds via the sale of fraudulent investment ‘units’ to cover up 1MDB’s debt to IPIC

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1MDB has failed to meet its own self-imposed deadline to repay its debts to Abu Dhabi’s International Petroleum Investment Corporation (IPIC...
Tuesday, May 09, 2017

The Ministry of Finance must explain the alleged “conflict of interest” which was the basis Arul Kanda was sacked from the Boards of TRX City and Bandar Malaysia

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Last week, I had asked the Ministry of Finance (MoF) to sack Arul Kanda, if he failed to offer his resignation for his role in the entire co...
Friday, May 05, 2017

Incoming RM42 billion taxpayers' bailout: Bandar Malaysia deal collapse, sale of Edra Energy at a loss and 1MDB-IPIC “settlement” mark total failure of 1MDB “rationalisation exercise”

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The entire 1MDB “rationalisation exercise” announced as “completed” by the Prime Minister on 2016 New Year’s Day has been completely unravel...
Tuesday, May 02, 2017

Why is the PAC Chairman, Datuk Hasan Arifin as quiet as a mouse over the 1MDB-IPIC “settlement” where the Finance Ministry agreed to assume US$3.5 bil. of 1MDB liabilities from IPIC?

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Malaysians are still up in arms over the 1MDB-IPIC “settlement” which was announced less than two weeks ago where the Ministry of Finance ha...
Friday, April 28, 2017

Perfect opportunity for Auditor-General and PAC to re-look into 1MDB scandal: review 1MDB-IPIC settlement which had Malaysians bearing US$7.01 bil. to resolve 1MDB’s US$3.5 bil. bond borrowing

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Yesterday, the Second Finance Minister, Dato’ Seri Johari Abdul Ghani desperately tried to backtrack from his original assertion which tried...
Thursday, April 27, 2017

Did Dato’ Seri Johari Abdul Ghani just blame the Prime Minister for sacrificing US$3.5 billion in 1MDB’s “settlement” with IPIC for “the bigger picture”?

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In an exclusive response to Malaysiakini yesterday, Dato’ Seri Johari Abdul Ghani insisted that he has proof that Aabar Investment PJS Limi...
Wednesday, April 26, 2017

Dato’ Seri Johari Abdul Ghani must explain what happened to the US$3.51 billion he had previously insisted had already been paid to IPIC

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Last August, Second Finance Minister Dato’ Seri Johari Abdul Ghani said he was very confident that 1Malaysia Development Bhd (1MDB) will win...
Tuesday, April 25, 2017

1MDB “Settlement” with IPIC an affirmation by 1MDB that they have lost US$3.51 billion purportedly paid to IPIC and its subsidiary, Aabar Investment PJS

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1MDB and IPIC have finally announced the conclusion of the much awaited “settlement” to the London arbitration proceedings filed by IPIC aga...
Saturday, April 22, 2017

1MDB new auditor’s biggest challenge now is to audit and verify the purported sale of 1MDB’s Brazen Sky or its assets to a “undisclosed third party”

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The Singapore Straits Times reported that 1MDB is expected to ink an agreement with Abu Dhabi's International Petroleum Investment Co (I...
Friday, March 31, 2017

Dato’ Seri Najib Razak undisputed King of Obfuscation, carefully wording parliamentary replies with selected choice facts

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Meanwhile, crucial details are deliberately omitted, calculated to present an alternate reality for the media and the rakyat. At first,...
Saturday, October 29, 2016

The Second Minister of Finance is living in a different planet for claiming 1MDB is not related in anyway to the Federal Government Budget

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It is amazing how an UMNO MPs speaks when he is in or out of the Cabinet. Dato’ Seri Johari Abdul Ghani, before he was appointed to the Ca...
Thursday, July 28, 2016

Has the PM’s Department decided to award the East Coast Rail Link to China Communications Construction Company (CCCC) for an inflated cost of RM60 billion without any tender?

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The Sarawak Report has exposed new documents which alleged that the Malaysian Government is in the midst of finalising a new contract to aw...
Friday, July 15, 2016

Are the new 1MDB Board of Directors led by Treasury-General Tan Sri Irwan Serigar going to turn a blind eye after the Sarawak Report exposed an outrageous round-tripping fraud involving US$1.22 billion?

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The Sarawak Report first exposed the banking documents on 11 July which showed that 1MDB Global Investment Limited (1MDB GIL) transferred US...
Thursday, July 07, 2016

The best Hari Raya present: the Auditor-General's discoveries on 1MDB which the Najib administration tried to hide via the Official Secrets Act (OSA)

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It appears that The Sarawak Report has successfully procured the classified Auditor-General’s Report on 1MDB with the relevant accompanying...