Category: Accountability

What Mahathir wrote about 1MDB – before his blog was suspended

gulf times 1mdb 15 Jan 2015

Mahathir’s blog at chedet.cc has been suspended for unknown reasons and is now inaccessible. The following is an excerpt from a snapshot of his blog as it appeared on 13 Mar 2015 07:22:52 GMT.

1MDB

Mar13th
Written by Che Det

1. UMNO telah mengadakan majlis penerangan tertutup yang dihadiri oleh sebahagian dari Ketua-Ketua Bahagian pada 8 Mac. Keputusan majlis mengikut akhbar ialah menyokong penuh Presiden parti. (more…)

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Petronas hit by staggering RM23bn ‘impairment losses’

While the nation’s attention was focused on 1MDB’s sensational unaccountability, Petronas quietly slipped in a bombshell. It wrote off RM23.3bn in net “impairment losses” in its accounts for 2014.

The gross impairment losses written off in 2014 added up to RM25.3bn (see below) but there were also write backs credited to the accounts totalling RM2.0bn to arrive at a net figure of RM23.3bn.

petronas 4th qtr 2014 report (more…)

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Enhancing value, Jho Low? Whose value?

From a Tanjung Bungah kiddo who used to struggle to keep up with the other boys at the Penang Swimming Club, Low Taek Jho aka Jho Low has paddled away to more enticing waters as an international wheeler and dealer. But now, he has come under intense scrutiny as 1MDB struggles to keep afloat in a sea of liquidity constraints.

Check out this pretentious video and then decide whether you would want to do business with an outfit like this.
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Sirul teleconference fails to materialise

The scheduled teleconference with Sirul in Australia over an internet radio station has failed to materialise. The link-up with Mahfuz Omar at the Pas Media Centre in Jalan Raja Laut, KL was due to start at 11.33am over Hijau.FM.

At 10.44am, ‘Sirul’ was apparently contacted and given a phone number that would be used to contact him for the teleconference. But the event failed to get going. (more…)

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Party boy Jho Low has an appetite for New York real estate

While Penang’s squash queen Nicol David has put Malaysia on the map in sports, another Penangite is carving a name for himself in real estate deals in New York. Only problem is the media coverage has not drenched his exploits with much glory.  Oh, what a tangled business and real estate web he has spun … Check out this New York Times expose and note Jho Low’s reported brief meeting with Najib.

 

 

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Penang Freedom of Information Enactment: RM500 for five requests for info?

The fee for making a request to the Penang state government for information under the Freedom of Information Act is RM100 if the information relates to earlier years.

A veteran journalist then wondered aloud to me: “I want to make a number of requests for information in the course of my work,” he said. “Does that mean if I make five requests under the FOI, I have to pay RM500?”

(more…)

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