This is getting a bit bizarre. Fashion apparel firm Voir Holdings Bhd has proposed to take up a 13.2 per cent stake in Penang tunnel developer Consortium Zenith for RM9.9m in cash as part of its "diversification" plan.Consortium Zenith...
At noon, 1MDB's "five business day cure period" was scheduled to expire.What do you call it when a "sovereign wealth fund" (or should it be "sovereign borrowing fund") is unable to pay a debt? A technical default? Or...
Social media is absolutely buzzing in Malaysia this morning following the latest US Justice Department's revelations into the 1MDB probe.It is all simply staggering and mind-boggling. What can you say?What the DOJ puts forward indicates misappropriation on an industrial...
Someone pointed out to me this ad which appeared in a Chinese-language newspaper a couple of days ago.Translated, it reads: Expression of Interest (EOI) to sell A plot of seashore land located off the coast of Penang Island26.5 acres...
I was midway writing a follow-up to my earlier piece ‘Black hole of 1MDB’, when news broke that the Bandar Malaysia deal had fallen through.In that earlier piece, I had estimated that very conservatively 1MDB stood to gain...
Parker who? That was a common reaction on 5 January 2017, when 1MDB revealed its latest auditor – a little known firm – after three Big Four auditors had fallen by the wayside for one reason or another.Parker Randall...
So we now know that the Penang Development Corporation, a state government agency, sold land parcels for proceeds totalling RM1.9bn from 2008 to 2015.But PDC recorded a "net profit" of only RM147m after deducting RM1.8bn for "land acquisition, development...
This is something I wrote on 7 August 2011, for your information:Cadangan S P Setia untuk mengambil-alih 40 peratus baki saham dalam KL Eco City dari Yayasan Gerakbakti Kebangsaaan (YGK) dengan nilai RM75 juta telah menimbulkan beberapa soalan. S P...
In case you missed it. The plot thickens.Meanwhile, Leonardo DiCaprio is also under pressure over his links with 1MDB with a protest held in London over the funding for the movie Wolf of Wall Street. The irony of...
Whither transparency? There was much talk in Penang about freedom of information last week especially around Right to Information Day (28 September).But sadly, when it came to the crunch, a freedom of information request to the Penang state government...

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