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...
While much attention has focused on BUCG's removal from Consortium Zenith BUCG Sdn Bhd, perhaps it is time to take another look at how another state-owned firm from China, China Railway Construction Corporation Ltd (CRCC), ended up as the...
The World Bank has specific guidelines to highlight conflict of interest situations especially in procurement. This one from the bank's Procurement Guidelines should be of interest to us: 1.7 A firm shall be considered to have a conflict of interest in...
In solidarity with the brave students demanding accountability in the 1MDB scandal. There is hope for this country yet. #tangkapMO1 Tweets ...
Yesterday, Sarawak Report made an explosive allegation about an inflation of costs in the proposed East Coast Rail Line from RM30bn to RM60bn so that 1MDB debts could be paid off. The website claimed that the project would be awarded...

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