27 April 2017
Source: Malaysian Ministers Backtrack on Abu Dhabi Settlement!, Malaysiakini
In an astonishing development and within only 24 hours of the joint IPIC/ 1MDB announcement of an ‘amicable settlement’ being registered on the London Stock Exchange, two of Najib’s closest ministers have backtracked on the essentials of that agreement!
Except, nothing is any longer surprising in Malaysia, where ministers are running round like headless chickens trying to defend the indefensible over the thefts from 1MDB.
It has been internationally recognised that the settlement as announced represented a total cave-in by 1MDB and an effective admission that no money was ever paid by Malaysia to Abu Dhabi. After all, the terms of the settlement will be that Malaysia pays back the $1.2 billion bail out of 1MDB made last year and will take over all the remaining payments on the $3.5 billion it borrowed back in 2012.
This was despite previous, unsubstantiated claimes that 1MDB had paid IPIC $3.51 billion in supposed deposits for a guarantee on those borrowings. It is now clearly demonstrated how in fact that money was stolen by conspirators linked to Najib Razak’s proxy at 1MDB Jho Low (the conspirators included the Head of IPIC at the time, who is now jailed).
However, Najib’s monkey ministers, who don’t like being shown up are now sounding off that IPIC did get the money and still owes $2.5 billion after all! They claim documents (which they still have not substantiated) prove their point. And now they are suggesting that Malaysia is going to tear up the agreement and SUE ABU DHABI!
Malaysia needs to rid of itself of these embarrassing representatives!