Another 1MDB shocker by WSJ: Where did RM3.7bn go?

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Najib and Arul Kanda have more serious explaining to do:

They should respond to this WSJ shocker: Malaysia’s 1MDB sent US$850m to entity set up to appear owned by Abu Dhabi wealth fund

A 1MDB unit transferred at least $850 million via three transactions last year to a British Virgin Islands-registered company with a name that made it look like it was controlled by IPIC, according to wire transfer documents viewed by the Journal and two people familiar with the matter.

The 1MDB fund sent the money to “Aabar Investments PJS Ltd.” which closely resembles the name of IPIC’s wholly owned subsidiary Aabar Investments PJS, the wire documents show….

Officials at IPIC say neither they nor any subsidiary received this money, the Journal reported.

Earlier:

One political analyst said more revelations like this are needed for us to have any hope of eventually cleansing the system.

1MDB did respond but its curt statement to the WSJ relevation doesn’t really enlighten us as to who owns “Aabar Investments PJS Ltd”.

Finally, check out Mahathir’s latest blog post blasting Najib’s performance at the recent Umno general assembly. The former premier is not about to misfire once he has his prey in the crosshairs.

Said one KL-based observer: “Surely, Umno supporters must finally wake up and say enough is enough! Mahathir’s blog post is worth reading. Credit to the old man: the threat of arrest does not faze him.”

Faced with ebbing support, Najib is now drawing even closer to a certain Hadi:

 

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owc

1MDB scandal reported by the various foreign media:

benny

Jho Low’s Jynwel Foundation – From Stealing Malaysia’s 1MDB Money To Donating It To The United States – Sarawak Report (7Jan 2016) Penang born Jho Low became famous back in 2009, when photographs of him popping magnums of Cristal champagne with the likes of Paris Hilton emerged in US gossip columns. This, of course, was during the aftermath of his theft of USD$700 million from Malaysia’s development fund (1MDB). In the following years, Jho Low was seen throwing parties the likes of which, Las Vegas, Hollywood and San Tropez had never seen before. To counter the damaging impact of this… Read more »

owc

Many pergi wang rakyat?

benny

Bandar Malaysia could possibly be renamed as Bandar Tongsan, now that 1MDB made its year end commitment for rationalization by selling 60% of its stake to a consortium comprising Iskandar Waterfront Holdings and China Railway Engineering Corporation?

http://www.malaysiakini.com/news/325071

kuning cilik

1MDB bought land cheaply at RM400 million in 2013 for the Bandar Malaysia project, and now sold to China firms (local Lim and China PRC) for RM7.4 billion for just 60 per cent. Smart move.

Ayub

Sadly the Sungai Besi military base will soon be shopping malls owned by the PRC Chinese. Very shameful indeed to the dignity of Malays.

owc

Tun Mahathir Kata Arab Gila Mana Derma 2.6 Bilion Kat Najib Razak

benny

Zunar’s latest: Steal Wars – May the BALL be with you.
https://mobile.twitter.com/zunarkartunis/status/677137896923521024

Ayub

Only stupid people can agree that Arabs are so generous to donate.

Abb

By the way azmi
U a paid troll?
If so may i say well spent rocky and team

Abb

Azmi

Everyone is stupid to u
May be u shld go and learn to expand your vocab
And argue forth with facts instead of calling everyone stupid
Whatj say u anil?

thirul

Ketua Pembangkang, Datuk Seri Dr Wan Azizah Wan Ismail mewakili Pakatan Harapan mengulangi desakan terhadap Perdana Menteri Najib supaya menjawan isu 1MDB dan derma RM2.6 bilion.

Azmi

Stupid people like you does not understand that we have one of the highest standard of living with foreigners coming to our shore for job and opportunities. Look around Europe, Middle East, Africa, Burma, Indonesia, Bangladesh, Philippine to name a few and see what are suffering more. Only your ignorant and feeble mind would think that way of our country

benny

1MDB has agreed to sell 60% of its equity‎ in Bandar Malaysia Sdn Bhd for RM7.41 billion, as part of its rationalisation plan to reduce its RM45 billion debt.The stake was sold to a consortium comprising Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corporation (M) Sdn Bhd, said 1MDB.

http://www.themalaysianinsider.com/malaysia/article/1mdb-to-sell-60-of-bandar-malaysia-to-iskandar-china-group-for-rm7.4-billio

The ketuanan people are so afraid of one day being controlled by the pendatang. Yet, they are selling their ketuanan properties to the ancestors of the pendatang, gradually allowing the latter to control them?

Any comment my dear Azmi?

Abb

Azmi

Arul explained what?
Was usd 700m remitted to goodstar?
Did he deny?
And the latest allegations?
Did he deny?
Btw this arul cant even distinguish between units and cash
He is called a …
And not a squeak from him to rebut that

Azmi

Stupid ignorant,.read more news media

Jamri

Stupid people rely on Utusan for news!

eeyaw

Is The only reason why Najib set up 1MDB is (allegedly) to enrich himself(?) poor Rakyat

Phua Kai Lit

Late Nigerian star Fela Kuti says it all:

Azmi

Phua, there are a lot of Nigerian scam nowadays. Is this one of them

tunglang

Were you scammed by Nigerians?

Azmi

How could I be scammed when stupid people like you could not understand when a scam has taken place

benny

Please heed this advice by Saudara LKS: The challenge before all Malaysians, regardless of race, religion, region or even politics is not how to save an individual, whether Najib or Hadi; not to save any political party, whether UMNO or PAS; but how to save Malaysia from becoming a failed and a rogue state, where there is no respect for the supremacy of the Malaysian Constitution (like the National Security Council Bill which is a usurpation of the constitutional powers of the Yang di Pertuan Agong, the Cabinet and 13 State Governments), breakdown of the rule of law and collapse… Read more »

Azmi

Benny.now this what we called. A real scam . Lies and deception

Abb

Azmi

Did najib deny 2.6b in his account?
Its so simple
If wall stret is publishing nonsense
Sue their pants off
by the way did imdb deny the remittance???

Azmi

Next time before opening your mouth please check. Arul and 1mdb has explained umpteen times and in this case they have respond immediately

Bigjoe

1MDB reply feels like “The account is in my name but its not like its a personal account”. If the mistake was not done, it should be a simple matter to rebut by stating the fact. BUT they are instead making return charges against WSJ.. It feels something very wrong..

Azmi

And you keep recycling without checking whether it’s fact or fiction. Anil holy God may God bless you

benny

If it is fiction, why Najib dare not sue WSJ?

WSJ drops US$850m bombshell on 1MDB

kuning cilik

Najib can only convince kampung fellows watching his argument on TV3. Che Det needs to influence the grassroot malays in his quest to oust Najib. No need to waste time in London with Daim. Kampung is the way to go fo him to tell his story.

Azmi

Anil, heard you got 1 billion donated to your account. You sure have some explaining to do.

Surely you would not want me to believe in those cocky and bull story especially from some foreign press that have been recycled and recycled

Azmi

Someone gave me that account number that match yours but I am not stupid enough to believe him.

Are you smart enough not to believe the lies and deception created by WSJ

benny

Watch this Zunar cartoon if you cannot understand WSJ’s allegation.
https://mobile.twitter.com/zunarkartunis/status/677703734017835008

Azmi

No wonder you always act like cartoon in Anil blog

tunglang

Oh, I heard you are paid from the ‘donation fund'(?)
“I Want To Believe” – to quote from The X-Files.

Azmi

What is the problem. Are you jealous

tunglang

Somebody is finally admitting. Faster than Naik Jeep!!
The problem is people are suffering while the Liars are leeching the nation dry.

Shieny

Do not waste time with this BN cyber trooper, likely from MCA, using a Malay name.