GOVT CONFIDENT’ 1MDB WILL WIN ARBITRATION CASE
PUTRAJAYA — The government is “very confident” 1Malaysia Development Berhad (1MDB) will win the arbitration case filed by Abu Dhabi-based International Petroleum Investment Company (IPIC) over a debt payment dispute, Second Finance Minister Datuk Johari Abdul Ghani said.
“I am very confident because I have seen the records,” Johari told reporters after chairing a budget committee on the rising cost of living yesterday.
IPIC is seeking US$6.5 billion (RM24.36 billion) from state investment fund 1MDB and the Finance Ministry in the dispute.
“This is a must win case for us,”
he said.
he said.
Johari confident 1MDB will win dispute with Ipic
Posted on 2 August 2016 - 12:50am
Last updated on 2 August 2016 - 12:33pm
Last updated on 2 August 2016 - 12:33pm
PUTRAJAYA: Second Finance Minister Datuk Johari Abdul Ghani said he is very confident that 1Malaysia Development Bhd (1MDB) will win the arbitration in dispute with Abu Dhabi's International Petroleum Investment Company (Ipic), given the documents provided by 1MDB to the minister.
"As far as I'm concerned, I am very confident that we will win (the case), based on the documents that I have, supplied by 1MDB to me," he told reporters after attending the 2017 Budget focus group meeting today.
"So we need to make sure that we fight and win this case. We cannot let all the statements (against 1MDB) today weaken our position in order to claim for our rights, money that is supposed to be responsible by Ipic," he added.
Kemudian betul2 cukup setahun selepas itu, pada 1hb Ogos 2017, media melaporkan bahawa 1MDB sepatutnya membuat bayaran 2.58 billion hari ini.
1MDB due to pay RM2.58b to IPIC
This article first appeared in The Edge Financial Daily, on August 1, 2017.
KUALA LUMPUR: Today is the day that 1Malaysia Development Bhd (1MDB) is due to make good on its settlement agreement with Abu Dhabi’s International Petroleum Investment Company PJSC (IPIC).
The first payment of US$602.725 million (RM2.58 billion) is due to be paid by July 31 midnight, New York time (-12 hours). This gives 1MDB till noon in Malaysia, and many will be watching to see if the state-owned fund can meet its obligations.
After all, other than asset disposals, this transaction will be the first major cross-border transaction that 1MDB musters since it became a controversial topic back in 2015.
It will also be the fund’s first major foreign transaction since the US Department of Justice (DoJ) began civil forfeiture action on US$1.7 billion worth of assets, allegedly linked to an international conspiracy to launder funds misappropriated from 1MDB.
Bloomberg melaporkan bahawa 1MDB telah gagal membuat bayaran sebagaimana dijadualkan itu
https://www.bloomberg.com/…/1mdb-is-said-to-have-missed-603…
1MDB Misses $603 Million Payment to Abu Dhabi Sovereign Wealth Fund
1MDB Misses $603 Million Payment to Abu Dhabi Sovereign Wealth Fund
By
- Amount part of $1.2 billion settlement with Abu Dhabi’s IPIC
- 1MDB, IPIC have been in debt tussle for more than a year
steadyaku47 comment : Biasalah...this government of robbers and thieves (and do not forget liars too) headed by Najib Razak, the Mother of all Penyagak....will spin any story, tell any lies and make us believe that 1MDB is innocent of any abuse by the powers that be until the shit hit the fan....and for 1MDB the shit has hit the fan again and again and again ...
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