The publicity surrounding the arrest of a PetroSaudi IT executive smacks of a public relations exercise intended to divert attention from the major questions surrounding 1MDB.
Pro-Najib internet shrills and trolls are using this arrest to claim that all is well with 1MDB and related issues and that its critics have misled the public.
But wait, the arrest of one executive in Thailand (and even if emails were tampered with – though it remains unproven whether the contents were materially altered) has done nothing to answer the following major questions (which may or may not be related to 1MDB):
- It hasn’t answered the allegation made in the Wall Street Journal regarding the purchase of an (overpriced?) power plant from Genting and the alleged link to GE13 expenditure.
- It won’t explain who ultimately financed all those pre-GE13 free dinners in Penang and other pre-election payouts in Penang. It won’t explain who financed the post-election payouts to a large number of people in Penang over three whole days witnessed by a special investigation team from social reform group Aliran, Bayan Baru MP Sim Tze Tzin and former Penang Speaker Abdul Halim.
- It doesn’t explain why 1MDB needed to incur so much debt in the first place. In fact, we still want to know how much debt 1MDB has as at 31 March 2015.
- It doesn’t answer the questions swirling around the Cayman Islands and BSI funds/money/”units”. Why did money have to be parked in Cayman Islands? What about all that controversy regarding BSI?
- It doesn’t satisfactorily answer how much of those large ‘investments’ made by 1MDB in little-known entities is actually recoverable. Why is 1MDB struggling to service its loans if it has all these large “investments”?
- It doesn’t explain why 1MDB had to pay so much to for power plants from a concessionaire whose concession period was drawing to a close.
- It doesn’t explain why the government had to sell land so cheaply to 1MDB and in the process lose billions of ringgit that could have gone straight to public coffers. If the government had sold the land to 1MDB at market value, there would have been little need for GST any time soon. Who were the main players behind these outrageous land deals?
- It doesn’t explain what Jho Low’s precise role in this whole affair was, who he was answerable to, and if there was indeed a link with UBG.
- It doesn’t explain why auditors had to be changed twice and why the financial statements were persistently slow to be released.
- All the above questions are important. But the No 1 question everyone should ask is: Why was an entity like 1MDB necessary in the first place (when we already have Khazanah, TNB, etc), other than to remove the management of billions of ringgit of funds (borrowed on the strength of government guarantees) from parliamentary and other regulatory scrutiny and instead place decision-making of how this money was going to be spent in the hands of a tiny group of individuals? Who were the real hands – hidden or otherwise – behind 1MDB?
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I guess there is too much ‘Yang’ and ‘Super’ energy in this forum. What we need is more ‘Ying’ energy to counter. Perhaps then, Malaysia’s fortunes would turn for the better…
The 10 question has alreday been answered by the PM, GM or most of the Minister. Maybe I can provide some for you. 10. The govt and minister do not have time to answer every cheapskate allegation. The price of the power plant, it depend on the market. Do you really think Alibaba and Facebook is worth that billions. I do not think so but then that is what it is worth in the market. Look at Yahoo, previously investor are willing to pay billions to buy it up. Are they willing to do so now. 9. For the dinner,… Read more »
Hilarious answers. Not going to convince many.
I do not see anything hilarious at all with Ananars answer. Lets take No. 10 10. It hasn’t answered the allegation made in the Wall Street Journal regarding the purchase of an (overpriced?) power plant from Genting and the alleged link to GE13 expenditure. First of all how do you regard one investment or acquisition as overpriced if it has strategic value and market control. Ananars is correct. How much is Alibaba, Facebook or even Yahoo really worth at all which in reality are only virtual in value. Nowadays virtual value can be translated into real value. Another example is… Read more »
‘Soon after the purchase, 1MDB appeared to recognize that it had overpaid for the power assets. In its financial accounts for fiscal 2013, the fund took an “impairment” charge of 1.2 billion ringgit, writing down part of the premium it had paid for power assets from Genting and another Malaysian company.’
http://www.wsj.com/articles/1mdb-defends-price-paid-in-genting-deal-1435147466
Typical NST response. Sad!
An obsession that do.not want to think.out of the box
Details of how the documents were “tampered” have not been made public. The Thai police have made no mention of “tampered” documents and are investigating Justo for blackmailing PetroSaudi.
Regardless of whether Justo had peddled tampered PetroSaudi’s documents, Mahathir stressed that the fact that 1MDB loaned USD1.9 billion to its former JV partner remains.
Now you know who is the owner of the Edge. How is he related to the defacto? This is just the beginning. Like I said, I always like the finale of everything but it will be not too soon. You shall all have a onderful drama ahead of you. 1MDB. The hunter will soon be the hunted. The Edge owner, Tong Kooi Ong, under probe It seems next week the Malaysian and Thai police will be meeting to streamline the investigation and share whatever information each side may have. It looks like this investigation has now gone beyond just data… Read more »
Never mind who is financing whom if at all these allegations have any basis? Is what they are saying about 1MDB true? It still doesn’t answer the 10 questions I raised.
In the first place, how can PetroSaudi International be blackmailed using tampered emails?
We can rightly assume that Xavier Justo can only blackmail PetroSaudi using authentic copies of emails and they must contained information that the company wants to hide from everyone.
If everything has been explain by Arul and the PM, then what’s the need for Arul and his predecessor to appear before the PAC at a time fixed somewhere in August this year? And for that matter, what’s the need for the ‘much awaited’ internal audit report? Wouldn’t a public Nothing2Hide session by the PM/Arul with special invitations of some prominent detractors such as Dr.M et.al. be more effective to clear the air surrounding 1MDB?
According to Zainudin Maidin, the arrest of former PetroSaudi International director Xavier Andre Justo appears planned, as if to clear PM’s name.
gk ong, Everyday you can hear and listen to so many according according by this goon and that goon. And they will also come out with if, but, what and so on. Wake up and like you said the Thai police has not finalise investigation. Did your feeble mind not realize that investigation by PAS and the auditor has still not been finalised yet. Smack of double standard.
Problem is you listen to much to BN’s propaganda and miss out the truth! Najib’s brother has hinted that the truth is out there, soon will be exposed!
The 1PM is postponing UMNO Baru elections and hinting at a Cabinet reshuffle. My interpretation: his position is shaky, he is going to eliminate political rivals from the Cabinet. My prediction: his inner circle will be further composed of Yangian-Supercallyian “sycophants”. People will be promoted or retained on the basis of loyalty (most likely greased by large amounts of $$$) and NOT competence. So, we can expect more displays of obvious incompetence and buffoonery from the new reshuffled cabinet of Ministers. Also, as in all Third World dictatorships, in the face of shrinking popular support, the closest advisers will increasingly… Read more »
Are you talking of Pakatan which is the obvious now
UMNO history repeating itself. The Great Lessons of Survival by Dr. MadHatter of Helang Island is no doubt a handy legacy in times of trouble. Naik Jeep should be contradictory-thankful to Dr. but then again Dr. is lamenting. How to CHANGE Malaysia is now a long shot. The present alternative Pakatan is not in focus but in-fighting for individual interests. And for this, it’s timely for Naik Jeep to CHANGE UMNO’s merry men for the next strategy – to retake Selangor with a full moon marriage proposal to PAS. As for Niao Kong, I don’t think it care much as… Read more »
Trinity force of yangian-supercallyian-ananarian with 9life-sustaining aid from T-siaboeylang to execute more smoke screening marketing techniques from LKWUni to show stiletto.com readers that justice can be manipulated to be clear on surface of tainted river underneath???
Niko Too Lan literal translation here for the uninitiated of Niao Kong:
I didn’t know that there is a cat species with a pig’s brother John!
How come creation has gone awry these days of heat waves in anilnetto.com?
But then again, anything is possible under the Niao Kong’s spell of brainless worshipping 🙂 🙂 🙂
Drink more Kopi-O kau kau is my genetic-calming advice rather than to go for a daily cuppa of Sg. Pinang Black Tea concocted from 28th Flr Komtar of Cement-Associated Transformation (CAT).
LKW could possibly be intrigued by all those niaokong hypothesis and could do some assessment on the sentiments of jilted voters such that the blue ocean strategy would not stir up further pek chek syndrome among the sia boey niaochus.
Translations, please 🙂
gk ong = Niao Too Lan?
No need to get intrigued so as to assess the state of mind of Niao Too Lan or more to the point, i.e. gk ong.
With 9-lives to waste, who cares?
Pek Chek = frustrated.
It is a more refined Hokkien for Too Lan.
Anil knows that I am mot Niao Too Lan.
Yes I know T L is not a polite word!
Anil is not confirming nor denying gk ong is Niao Too Lan.
And disciples of Niao Kong have a sick penchant to use “too lan” phrase in utter frustration mode of labelling others. May I say these disciples are Too Kau? (Too Kau means rough & uneducated ruffian).
What a so-called Cosmopolitan aspiration of social class refinement, but a disgrace to Penag Pearl of the Orient.
Muhyidin is the immediate loser as time is not on his side with the 18-month delay., unless the ‘Brutus knife’ is used?
The Cats has given one Brutus knife to the Progressive is it not.
Phua, You surely is an obsessive lackey. Cabinet reshuffle is very normal not here but also in most major democracies around the world. Consolidation of power is nothing unusual. Look at the defacto, how he tried to put his wife as MB and his daughter to stand for election. See how the CAT tried to manipulate when Pas Ulamas decided to sever ties with them. The CAT is now enticing the so call Progressive for a second Pakatan knowing full well they cannot be in the original Pakatan. And I sympathise with you for trying high and low to make… Read more »
Aiyah, at least this “lackey” is consistent in his views. Just look back a few years and see how you used to severely criticize UMNO Baru-BN and how you have completely changed and is now a strong defender of the same regime. If I were you, I would blush in shame! At least I am intellectually honest. Are you? I have always been a consistent defender of Social Democracy and the DAP’s social democratic ideology in Malaysia. I would also like to see Malaysia become more like the Welfare States of northern Europe. You (and other blog readers) are welcome… Read more »
Plus. Time change so do people. Did you not notice how CAT senior hate and criticized Mahathir before and how he said M has destroyed the country. Now he love him so much and look towards to holding his hand. Don’t you think that’s a real shame. Same with the other CAT, defacto when they love Pas so much knowing full well their agenda. And did you not notice they will sleep with anyone just for their political expediency. You could say I am a hardcore DAP supporters but no more. Never ever all for a right and good reason.
Simply sleeping with anyone (inclusive of arch enemies) for political expediency only produces one thing: a Bastardised Vision for Malaysia. Bastards are offsprings of no pure genetic makeup of pure love & certified marriage but of an act of lust at the spur of moment. Put it in political context: Political Bastards are offsprings of no altruistic political vision of sincere intention & Rakyat’s support & legit but of an opportunistic act of lust for power at the last resort of desperation. This speaks volume for one partner of Pakatan which at the spur of heated moment unilaterally pronounced the… Read more »
S’wak Report shows proof to rebut ‘tampering’ claim
It produces documents to show they were duplicated, with no changes made.
http://www.malaysiakini.com/news/303155
This proved once and for all that Sarawak report rely on duplicate and not original documents. And duplicate can be altered without anybody noticing it. I could easily do it with my computer and photostat machine !!!!
Answer the 10 questions, do not twist and turn.
Who is twisting. We are talking about the arrest and whether it is related to.fraud. doctored or fabrication. Do you understand these simple words. Anyway the PM and Minister have all answered to queries regarding 1MDB but you are still.sleeping in your cocoon
There you go again.
Lots of side-tracking strategies being used nowadays to deflect attention from 1MDB woes so that nobody would talk about it. (Could) Lim Kok Wing … have advised Shahidan to propose no 24-hour restaurants to make it a talking point at kopitiams or mamak stalls(?) Is BN seriously trying to make enemy with those kimmaputeras by not allowing 24-hr operation in mamak stalls? Pikirlah sendiri!
You are right, it is a planned PR stunt for Najib to be hero to the mamaks:
http://m.malaysiakini.com/news/303288
LKW has done its work.
Simply accuse someone is a classic antic of disciples of Niao Kong.
Get some proof b4 opening your vocal orifices of filth & blame-game.
Why was 1MDB created. It was at first created to build afforadable housing for the people and went on to invest in other venture
Wasn’t affordable housing supposed to be handled by Prima?
Even MARA is now into property speculation in Australia, instead of building homes for flood victims of Kelantan?
Everything has been explained by Arul and the PM. The PAC has been calling and will be calling more as witnesses. Now we should be asking. What do the opposition and their lackey want ? And how does the 10 question be related to the arrest of PetroSaudi IT when it concern IMDB that have been explained by Arul and PM so many times. In fact it should be, “Is the arrest of the Petro Saudi IT in anyway related to the tampering, doctoring and fabrication of documention and news of 1MDB by the opposition, M or the media to… Read more »
1.Why not join the 1PM’s brand new LimKokWing propaganda team?
Why waste time trying to convince the Opposition “sycophants” and “lackeys”
here on this blog? 🙂
2. Also, Mr Yang can try this experiment:
Ask 10-20 people on the street (randomly chosen) whether they believe
Dr Mahathir or the 1PM. Not very scientific, but it gives you a rough idea of
what ordinary people think and who has greater credibility.
It’s 50-50