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[Tempatan]
Bank Negara Malaysia (BNM) batal kebenaran pindah RM7.5 bilion dana 1MDB
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#prayforZeti
#tangkapnajib |
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1dbb big disaster to malaysia.
ni semua najib punya hal. #tangkapnajib. |
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Aku amik satement dr sorang facebuker nama Abu Bakar Sr.
"Kesalahan bawah ECA 1953 yg aku tahu adalah kelas " strict liability" di mana yg kena tudoh perlu buktikan yg dia tak lakukan kesalahan yakni "the onus is on the accused to prove that he/she is innocent".Macam mana AGC kata 1MDB tidak lakukan kesalahan.AGC bukan hakim.Dia tidak bolih jadi hakim dan pendakwa raya.Mentah2 dia bekas hakim dia ambil dwi peranan."
Sapa2 boleh komen, betul atau tak dakwaannya tu. Kalau betul, mmg AG rak menjalankan kerja dgn amanah. |
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gigihnya 1mdb nk transfer wang ke luar ngr |
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Sekarang mahu ALIH PERHATIAN - WAG THE DOG'S TAIL
dengan TNB & IPP..................................KIHKIHKIH.
Pendek kata, NAJIB juga yang bersih, telus dan suci murni bka embun pagi.
PM-PM terdahulu. terutama Tun M semuanya kotor lagi mengotorkan......... |
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pepagi
nmpk sgt macai2 gigih up thread ipp @bioessence
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Aku takda problem membayar bill letrik, bukan naik melambong,
pun as long as the service is good dan tak selalu menghadapi
power tripp like sebelom ada IPP swasta. Nak cakap kroni Tun.M
kontrol semua IPP power tu, tak tepat gak. As far as I know,
Malakoff tu kroni Anwat sebab share dia dulu naik melambong-
lambong. Masa tu aku baru jah berjinak-jinak dengan share market....
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peguam negara dan polis kata 1mdb dna najib takde buat apa2 kesalahan |
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ade ke duitnye nak di "repatriate"?? |
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AWAS!
forum ini telah dipantau oleh SKMM
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Menipu mencuri merompak
But u cannot lie all the time |
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Sinopsis Sinetron:
Siasatan BNM telah mendapati 1MDB melakukan kesalahan kewangan (BNM adalah pakar dlm kewangan).
Tetapi kuasa mendakwa adalah dibawah AG. BNM cadangkan kpd AG supaya melakukan pendakwaan terhadap 1MDB. Tapi AG yg bukan ahli pakar dlm hal2 kewangan mengatakan 1MDB tidak melakukan kesalahan kewangan dan enggan mendakwa 1MDB.
Pelik bin Ajaib betoi
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dun worry, ada AG...tuhan selamat |
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Sarawak Report has furnished documents which the whistleblower website described as evidence that 1MDB president and executive director Arul Kanda is allegedly a “liar”.
This is in relation to his claim about “cash in the bank" at BSI Bank in Singapore.
Citing the purported minutes of a 1MDB board meeting which it obtained and published on the website, Sarawak Report claimed it proved Arul’s statement was not an “unfortunate miscommunication”, but part of a “deliberate strategy of misinformation”.
“In other words, it was a barefaced and extended lie,” said Sarawak Report in a statement emailed to Malaysiakini by its founder Clare Rewcastle Brown (left).
Pointing out how Sarawak Report had produced evidence from Singapore authorities that there was no cash in 1MDB’s BSI bank account back in April, Arul was then forced to make retractions over parliamentary statements by Prime Minister cum Minister of Finance Najib Abdul Razak, claiming that US$1.103 billion, supposedly redeemed in cash from the PetroSaudi joint venture, had been paid to BSI Bank.
Arul had said the assets held at BSI were in the form of ‘units’, which Sarawak Report claimed it had established are categorised as ‘Level 3', whereby there is no guarantee as to their actual worth.
“We have now obtained minutes from an earlier board meeting in January, which make plain that the new CEO (Arul) had given detailed assurances to board members that there was indeed cash in the so-called Brazen Sky company account at BSI Bank.
“Arul (right) even gave a highly unbelievable excuse as to why, instead of using these alleged cash funds, 1MDB was borrowing even more money to cover its pressing expenses.
“This was in response to concerns by (then) chairperson, Lodin Wok Kamaruddin, that the management had publicly promised to repatriate the money and then failed to do so."
Loan guarantee claim 'nonsensical'
According to the purported minutes, Arul’s excuse for not repatriating the cash was that it had to be retained in the bank in Singapore in order to guarantee yet another loan by Deutsche Bank.
“The CEO had told his bemused board members that Deutsche Bank was preventing him from repatriating the money, because they were demanding that he keep the Singapore cash account as collateral for another almost identical sum of US$975 million they had loaned to 1MDB,” said Sarawak Report.
Sarawak Report however pointed out that it was nonsensical to keep money in the bank to guarantee the borrowing of a virtually identical amount, especially when the high financing costs had become a key concern at the fund.
“So, this was not a communication slip by Arul, it was a positive, detailed claim that the assets were being held in cash, giving the reason that the lending bank consortium would accept nothing less to guarantee their further loan."
The whistleblower website also pointed out that 1MDB, in public statements, had claimed there was US$1.103 billion in the BSI Brazen Sky account.
“Yet, Arul informed the board there was only US$939 million - over a hundred million less. It appears that no one on the board saw fit to raise a query over such obvious matters.
“Sarawak Report suggests there is only one credible explanation for all these twists and turns, which is that Arul could not repatriate and use the alleged cash, because there was no cash.
“That the board accepted his feeble excuse that close to a billion dollars had to remain frozen in Singapore, in order to guarantee a further billion dollar loan from Deutsche Bank, means either they were half-witted or they had decided to turn a blind eye to a desperate situation caused by blatant corrupted management of the fund.”
'Board members should know'
Sarawak Report however said it believes the board members were not “financially illiterate half-wits” and that they knew full well that the fund had been “mismanaged on their watch”.
“One individual, in particular, who can only have known better was a vocal member of the 1MDB board, whose comments are also registered in these revealing minutes of January 2015.
“This was none other than the fund’s former CEO, Shahrol Halmi (left), who knew exactly why there was no actual money in BSI’s Singapore accounts.”
Sarawak Report pointed out how it was Shahrol who had presided over the initial US$700 million from 1MDB back in day one of the “so-called” 1MDB PetroSaudi joint venture, which had allegedly been diverted.
Shahrol had also signed off two further major loans to PetroSaudi - US$500 million in September 2010 and then US$330 million that went straight from 1MDB into Good Star Limited in 2011 - allegedly linked to highflying businessman Jho Low - according to documents obtained by Sarawak Report from the Bank Negara investigations into investments by the fund.
“These payments total US$1.83 billion, which significantly represent the sum referred to by Bank Negara governor Zeti Akhtar Aziz when she issued a damning statement condemning the attorney-general’s refusal to issue proceedings against the theft.
“Yet Shahrol had the barefaced cheek to ask on behalf of the board for his successor Arul to ‘present the total amount received from the investment since 2009’.”
Malaysiakini has contacted 1MDB on the latest allegation and is awaiting their response.
1MDB was ordered to repatriate the funds after Bank Negara revoked three permissions granted it under the Exchange Control Act 1953 (ECA) for investments abroad, totalling US$1.83 billion (approximately RM7.5 billion at the current exchange rate).
1MDB in its response to Bank Negara said it could not repatriate the funds because the funds had either been spent or earmarked for a debt transfer.
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I read he was a credible professional guy with great track records. But then... Najib has mountains of RM to buy his (in fact many umno people and even thugs, hooligans and barbarians) credibility and integrity. |
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So,concclusionnye najib suci la, 1mdb suci jugakla.. |
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How Arul Kanda Lied To The 1MDB Board About 'Cash In The Bank' - EXCLUSIVE!
9 OCT 2015
Special meeting of 1MDB Board to handle a growing crisis in January
Special meeting of 1MDB Board to handle a growing crisis in January
Sarawak Report has obtained minutes of a 1MDB board meeting, which prove that CEO Arul Kanda’s claim about ‘cash in the bank’ at BSI Singapore was not an unfortunate ‘miscommunication‘, but part of a deliberate strategy of misinformation.
In other words, it was a bare-faced and extended lie.
Bank Negara Malaysia is plainly aware of this state of affairs, given its statement challenging the Attorney General’s attempts to close down investigations into 1MDB over the past few hours. It raises further concerns over the refusal by Najib’s inner circle to accept that billions were stolen, triggering an unprecedented cover-up by Malaysia’s desperate development fund.
Sorry I ‘miscommunicated’
In April Sarawak Report produced evidence from the Singapore authorities showing there was in fact no ‘cash’ in 1MDB’s BSI bank account.
It forced Kanda to make a series of retractions over parliamentary statements by the Minister of Finance, Najib Razak, claiming that US$1.103 billion, supposedly redeemed “in cash” from the PetroSaudi joint venture, had been paid into BSI Bank, Singapore.
“As the president of the company, I take full responsibility for this misunderstanding, and will ensure better communication with all stakeholders,” [Arul Kanda}
Kanda “clarified” that the assets held at BSI were in the form of ‘units’, which Sarawak Report has established are categorised as ‘level 3′, meaning there is no guarantee as to their actual worth (if any).
Yet we have now obtained minutes from an earlier board meeting in January, which make plain that the new CEO had given detailed assurances to Board members that there was indeed ‘cash’ in the so-called Brazen Sky company account at BSI bank.
Arul Kanda even gave a highly unbelievable excuse as to why, instead of using these alleged cash funds, 1MDB was borrowing even more money to cover its pressing expenses. This was in response to concerns by the Chairman, Lodin Wok Kamaruddin, that the management had publicly promised to repatriate the money and then failed to do so:
'held as cash' - failure to clearly communicate or a straight lie?
‘held as cash’ – failure to clearly communicate or a straight lie?
Why we can’t ‘repatriate’ the cash
Oversight issues - Lodin Wok Kamaruddin
Oversight issues – Lodin Wok Kamaruddin
According to the above minutes, Arul Kanda’s excuse for not repatriating the ‘cash’ was that it had to be retained in the bank in Singapore in order to guarantee yet another loan by Deutsche Bank.
Board members had just acknowledged that 1MDB was experiencing serious cash flow and credibility problems, just as the company was planning to try and get out of its difficulties by issuing shares on the stock market.
And Lodin Wok Kamaruddin wanted to know why the management had failed to carry out its pledge to use the alleged remainder of the Cayman Island (Brazen Sky) fund, which was supposed to contain the ‘profits’ from the investment into PetroSaudi back in 2009-12.
Why not bring back the money board members asked?
Why not bring back the money board members asked?
Time to use the Brazen Sky fund made up of the 'profits' from PetroSaudi!
Time to use the Brazen Sky fund made up of the ‘profits’ from PetroSaudi!
Arul Kanda’s answer is not only barely credible under the circumstances, it shows a double deception that could only have been intended.
The CEO had told his bemused board members that Deutsche Bank was preventing him from repatriating the money, because they were demanding that he keep the Singapore cash account as collateral for another almost identical sum of US$975 million they had loaned to 1MDB.
Surely, it was nonsensical to keep money in the bank to guarantee the borrowing of a virtually identical amount, especially when the ‘high financing costs’ had become a key concern at the fund?
So, this was not a communication slip by Kanda, it was a positive, detailed claim that the assets were being held in cash, giving the reason that the lending bank consortium would accept nothing less to guarantee their further loan.
There is another strange issue thrown up by these January minutes. In public statements 1MDB had claimed there was US$1.103 billion in the BSI Brazen Sky account, yet Kanda informed the Board there was only US$939 million – over a hundred million less.
It appears that no one on the board saw fit to raise a query over such obvious matters.
Yet, Sarawak Report suggests there is only one credible explanation for all these twists and turns, which is that Kanda could not repatriate and use the alleged ‘cash’, because there was no cash.
There were merely level 3 assets representing ‘units’ of zero value in a fund managed by Hong Kong’s shadowy Bridge Partners based in the Cayman Islands.
That the Board accepted his feeble excuse that close to a billion dollars had to remain frozen in Singapore, in order to guarantee a further billion dollar loan from Deutsche Bank, means either they were half-witted or they had decided to turn a blind eye to a desperate situation caused by blatant corrupted management of the fund.
Shahrol Halmi knew the truth
Sarawak Report suggests that the board members were not financially illiterate half-wits and that they knew full well that the fund had been mismanaged on their watch.
This is born out by further evidence from the leaked minutes in our possession, which show that the meeting began with complaints by board members that past decisions had not been made with the proper consent and oversight of the Board.
There was a resolution therefore to change procedures to ensure that in future all investment decisions would be properly considered.
After all, they were talking about billions of dollars of public money!
Poor oversight by the Board - so who was making all the investment decisions at 1MDB?
Poor oversight by the Board – so who was making all the investment decisions at 1MDB?
Now that we are RM42 billion in the red perhaps we should start doing things properly going forward?
Now that we are RM42 billion in the red perhaps we should start doing things properly going forward?
These resolutions and the willingness to nevertheless accept Arul Kanda’s barmy logic of leaving a billion in the bank to guarantee a further billion worth of borrowing, show a staggering level of negligence by a board that can only have known better.
Shahrol Halmi - another liar who knew perfectly well!
Shahrol Halmi – another liar who knew perfectly well!
One individual, in particular, who can only have known better was a vocal member of the 1MDB board, whose comments are also registered in these revealing minutes of January 2015.
This was none other than the fund’s former Chief Executive, Shahrol Halmi, who knew exactly why there was no actual money in BSI’s Singapore accounts.
It was he, after all, who had presided over the theft of US$700 million from 1MDB back on day one of the so-called 1MDB PetroSaudi joint venture. He had likewise signed off two further major ‘loans’ to PetroSaudi – US$500 million in September 2010 and then US$330 million that went straight from 1MDB into the Jho Low company Good Star Limited in 2011, according to documents obtained by Sarawak Report from the Bank Negara investigations into investments by the fund.
These payments total US$1.83 billion, which significantly represents the sum referred to by the Chief of Bank Negara Zeti Akhtar Aziz when she issued a damning statement on Thursday condemning the Attorney General’s refusal to issue proceedings against the theft and demanding that 1MDB should indeed repatriate the money.
Transfers from 1MDB to Jho Low's Good Star in 2011 under the guise of investing in a French energy initiative
Transfers from 1MDB to Jho Low’s Good Star in 2011 under the guise of investing in a French energy initiative
Yet Halmi had the bare-faced cheek to ask on behalf of the board for his successor Arul Kanda to “present the total amount received from the investment since 2009″!
No mystery
Sole shareholder and ultimate decision-make, the Minister of Finance
Sole shareholder and ultimate decision-make, the Minister of Finance
There is, of course, no longer any mystery as to where the PetroSaudi investment money went between 2009 and 2011 – and it did not end up in BSI bank!
It has been clearly demonstrated how there was nothing whatsoever ‘redeemed’ from the partnership in 2012 and therefore no money to ‘invest’ in a so-called Special Purpose Vehicle in the Caymans.
Documents, retrieved by Sarawak Report and now in the hands of several international financial regulators, make absolutely plain that all the money paid out from 1MDB’s alleged Saudi joint venture went to Jho Low’s Good Star Limited; the buy out of the UBG group (in which Jho Low had shares along with Taib Mahmud); pay offs to Jho Low’s co-conspirators at PetroSaudi International and injections of cash into PetroSaudi itself.
The eventual shadowy ‘sale’ of 1MDB’s so-called investment in PetroSaudi was therefore nothing more than a blatant sham.
Gone missing - Najib's 'advisor' Jho Low
Gone missing – Najib’s ‘advisor’ Jho Low
The third party ‘purchaser’ of this interest, who allegedly paid US$2.3 billion to 1MDB in 2012 (enabling Najib to trumpet that the fund had made a profit from the venture) was eventually revealed to be none other than the barely known Bridge Partners, an outfit based in Jho Low’s home base of Hong Kong.
1MDB then engaged the very same Bridge Partners themselves to purportedly manage the ‘cash fund’ in its ‘segregated portfolio account’ in the secretive Cayman Islands!
No wonder 1MDB subsequently found it impossible to persuade even its compliant auditors KPMG to sign off its 2013 company accounts. There were months of delay, during which then CEO, Shahrol Halmi, wrangled with a new team from Deloitte to sign off on the deal.
Khadem Al Qubaisi - headed the Abu Dhabi rescue bid that eventually plunged 1MDB further into debt
Khadem Al Qubaisi – headed the Abu Dhabi rescue bid that eventually plunged 1MDB further into debt
It has finally emerged that Deloitte finally agreed to ratify these painfully delayed accounts, only after Jho Low’s new best friends from Abu Dhabi’s Aabar fund agreed to place a guarantee on the value of the Cayman Island Brazen Sky account.
1MDB’s subsequent, hugely expensive dealings with Aabar itself saw the running up of further enormous and escalating debts through 2012 and 2013, as the fund sought to pay off its new friends from Abu Dhabi for their so-called assistance.
Once again Aabar/ IPIC has come in to temporarily rescue Malaysia’s beleaguered fund, while 1MDB’s sole shareholder and ultimate decision-maker (Najib Razak) seems hell bent on digging ever deeper holes in the Malaysian economy, purely in order to attemo to rescue his own political position. |
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Post time 10-10-2015 01:55 AM
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