- Amount part of $1.2 billion settlement with Abu Dhabi’s IPIC
- 1MDB, IPIC have been in debt tussle for more than a year
Showing posts with label IMDB. Show all posts
Showing posts with label IMDB. Show all posts
Friday, 23 February 2018
Friday, 11 August 2017
Mohd Nazari Ismail : Adakah Benar 1MDB Mangsa Drama Politik?
Beberapa hari lepas beberapa orang ahli politik telah membuat kunjungan dan berjumpa dengan En Arul Kanda, pengurus 1MDB. Rombongan tersebut termasuk mantan Menteri Besar Selangor, Tan Sri Khalid Ibrahim. Komen-komen berkenaan isu 1MDB oleh Tan Sri Khalid Ibrahim susulan perjumpaan itu telah mendapat liputan meluas di dalam akhbar tempatan termasuk Utusan Malaysia.
TS Khalid Ibrahim dilaporkan berkata kemelut 1MDB telah menjadi *mangsa drama politik* di samping penyebaran fakta-fakta dan maklumat salah terutama melalui media-media sosial. Antara lain beliau menyebut bahawa "...nilai kini bersih (net present value) aset yang dimiliki oleh 1MDB masih mampu membiayai liabiliti semasa dan masa hadapan,”.
TS Khalid juga berkata " 1MDB boleh membuat pembayaran hutang yang sewajarnya apabila pendapatan dan keuntungan daripada transaksi aset oleh MOF Inc. mengalir ke 1MDB".
Penulisan ini membentangkan beberapa persoalan yang ditujukan kepada TS Khalid berkaitan komen-komen beliau.
Umum mengetahui bahawa syarikat 1MDB telah gagal membayar hutangnya sebanyak USD 603 juta pada 31 Julai 2017 setelah bersetuju melakukannya dalam satu perjanjian beberapa bulan sebelum itu. Tidakkah ini membuktikan bahawa ada sesuatu yang tidak kena dengan syarikat ini? Tambahan pula 1MDB menyatakan bahawa ia mempunyai unit pelaburan (investment units) yang berada dalam simpanan di bank di Singapura yang banyak yang boleh digunakan untuk menyelesaikan hutang-hutangnya. Kalau begitu kenapakah ianya tidak dapat digunakan untuk membayar hutang 1MDB kepada syarikat IPIC? Tidakkah TS Khalid bertanya kepada Arul Kanda kemungkinan bahawa dakwaan Department of Justice (DOJ) dari Amerika bahawa unit pelaburan itu adalah satu bentuk penipuan adalah benar? Mungkin itu adalah sebab utama kenapa ia tidak dapat dimanfaatkan oleh 1MDB?
Di samping itu kita semua tahu sebenarnya nilai kini bersih aset yang dimiliki oleh 1MDB adalah hanya anggaran oleh pihak pengurusan 1MDB. Ini kerana ia meliputi anggaran aliran tunai ke hadapan (future cash flows) yang dirancang oleh mereka. Anggaran mereka mungkin betul. Tetapi anggaran masa hadapan adalah tetap anggaran dan bukannya sesuatu yang telah berlaku. Oleh itu mungkin anggaran tersebut berbeza dengan realiti di masa hadapan jika sesuatu yang tidak dirancang tiba-tiba berlaku. Banyak faktor boleh mempengaruhi masa hadapan 1MDB termasuk keadaan ekonomi semasa dan juga keadaan kewangan syarikat yang berkait dengan projek-projek yang akan dilaksanakan oleh 1MDB. Oleh itu adalah agak pra-matang (premature) bagi TS Khalid untuk mengandaikan bahawa 1MDB akan semestinya mempunyai keadaan surplus atau lebihan di masa hadapan dan akan dengan senang menyelesaikan masalah hutangnya.
Namun apa yang lebih menghairankan ialah kenapa TS Khalid boleh berasa berpuas hati dengan syarikat 1MDB sedangkan umum mengetahui bahawa beberapa perkara yang luar biasa telah dikaitkan dengan syarikat tersebut. Bahkan ada akhbar antarabangsa termasuk The Guardian dari United Kingdom menggelarkan 1MDB sebagai skandal kewangan terbesar di dunia (World’s Biggest Financial Scandal).
Di samping itu adakah TS Khalid lupa bahawa laporan oleh Ketua Audit Negara berkenaan 1MDB masih tidak boleh dibaca oleh rakyat Malaysia kerana masih di bawah OSA? Kenapakah laporan tersebut perlu diselindungi dari rakyat yang ingin mengetahui selok belok sebenar operasi 1MDB? Adakah kerana telah berlaku perkara-perkara yang kerajaan tidak mahu rakyat ketahui berkenaan operasi 1MDB? Di samping itu 1MDB sekarang adalah di bawah seliaan Kementerian Kewangan. Jika tidak wujud apa-apa masalah dengan 1MDB, kenapakah perlu 1MDB diletakkan di bawah seliaan Kementerian Kewangan? Dan apakah keputusan-keputusan dan tindakan-tindakan pengurusan tertinggi 1MDB sebelum ini yang menyebabkan perlunya dilakukan langkah rasionalisasi ke atasnya?
Seterusnya TS Khalid patut juga bertanya kenapakah hutang 1MDB selama ini begitu tinggi sehingga pernah mencecah RM50 billion? Dan dimanakah dana hutang itu dibelanjakan sebenarnya? Ada
kah benar bahawa banyak transaksi atau urusniaga kewangan 1MDB bermasalah sehinggakan pengerusi eksekutifnya Tan Sri Mohd Bakke Salleh telah meletakkan jawatan pada tahun 2009? Adakah benar bahawa Tan Sri Mohd Bakke Salleh dan seorang ahli lembaga lain iaitu Tan Sri Azlan Mohd Zainol meletakkan jawatan kerana tidak bersetuju dengan tindakan pengurus 1MDB memindahkan dana 1MDB berjumlah US$700 million yang telah diperuntukkan kepada projek usahasama 1MDB-PSI dihantar ke syarikat lain tanpa persetujuan lembaga pengarah syarikat? Tidakkah TS Khalid rasa berminat untuk berbincang dengan TS Mohd Bakke Salleh dan TS Azlan untuk mengetahui sebab sebenar mereka meletakkan jawatan sebelum TS Khalid merumuskan bahawa 1MDB adalah mangsa fitnah politik?
Sewajarnya TS Khalid paling kurang cuba dapatkan secebis gambaran mengenai cara 1MDB diurus pada tahun-tahun yang silam dari individu-individu di atas. Apa yang telah berlaku tidak boleh diketepikan dalam membuat penilaian tentang apa yang sedang dilakukan oleh 1MDB. Ini adalah kerana mereka-mereka yang berpengaruh dalam tindaktanduk yang menyebabkan 1MDB perlu dirasionalisasikan masih lagi berpengaruh sekarang. Justeru itu dalam menilai ‘kesihatan’ 1MDB sekarang, adalah perlu bagi kita mempersolkan sama ada langkah-langkah sekarang adalah lebih bermotifkan menutup bangkai gajah yang busuk, atau betul-betul menjaga kepentingan awam.
Seperkara lagi ialah adakah benar dakwaan Department of Justice (DOJ) Amerika Syarikat bahawa wang berjumlah berbillion-billion telah dicuri oleh beberapa individu termasuk Jho Low dan digunakan untuk memperkayakan diri mereka sendiri serta mengadakan majlis harijadi maksiat dengan hidangan arak dan kehadiran wanita-wanita yang separuh bogel? Jika itu telah berlaku, kenapakah pengurusan 1MDB tidak mengambil langkah untuk mendapatkan balik dana tersebut dari mereka atau memastikan mereka ditangkap dan didakwa oleh kerajaan Malaysia. Ini memandangkan pihak berkuasa Switzerland dan Singapura telah mengesahkan bahawa beberapa individu yang rapat dengan Jho Low telah melakukan jenayah pengubahan wang (money laundering) dengan menggunakan dana 1MDB dan ada yang telah ditangkap dan dipenjarakan di Singapura berhubungan dengan kesalahan tersebut.
Jika dakwaan DOJ tidak benar dan kecurian telah tidak berlaku, kenapakah pengurusan 1MDB tidak mengambil langkah untuk membukitikan secara terperinci kepada dunia bahawa aliran-aliran wang yang dinyatakan oleh DOJ sebagai wang haram sebab dicuri dari 1MDB sebenarnya bukan wang 1MDB?
Adakah TS Khalid telah menanyakan soalan-soalan di atas kepada Arul Kanda? Kalau ditanya, apa pula jawapan Arul? Kalau soalan di atas tidak ditanya, apakah asas sebenar kenapa TS Khalid boleh merasa begitu yakin terhadap pengurusan 1MDB sedangkan jelas telah tidak wujud ketelusan dan kebertanggungjawaban (accountability) di pihak pengurusan 1MDB?
Akhir sekali TS Khalid pasti juga sedar bahawa oleh kerana 1MDB adalah milik kerajaan Malaysia, maka dana nya juga adalah secara tidak langsung adalah milik rakyat Malaysia. Oleh itu sebagai wakil rakyat TS Khalid patut peka dengan isu kemungkinan kecurian dana milik rakyat Malaysia telah berlaku. Apabila TS Khalid langsung tidak mengambil peduli tentang isu-isu di atas sudah tentu ini akan membuat orang tertanya-tanya apakah sebenarnya motif TS Khalid membuat kenyataan beliau yang menggambarkan seolah-olah 1MDB bukan sebuah syarikat yang bermasalah.
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Mohd Nazari Ismail, PhD.
Biro Penyelidikan IKRAM
Arul brief PAS. OK. Arul brief Khalid. OK...Arul why not brief Pua and Rafizi? Can get OK too!
steadyaku47 comment : The ulat cacing are crawling out of their holes....
Ex-MB Khalid gives 1MDB thumbs up after Arul's briefing
Khalid, who once headed Permodalan Nasional Bhd and Kumpulan Guthrie Bhd, said this conclusion was made following the briefing by 1MDB CEO Arul Kanda Kandasamy on Monday.
Thursday, 3 August 2017
1 MDB/IPIC....let me story you....From "Yakin 1MDB akan menangangi kes" to "1MDB misses $603 million payment".
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
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 ...
Wednesday, 8 February 2017
TERKINI : THE JET GLOBAL 5000 BOUGHT WITH 1MDB MONEY IS BACK AT SELETAR AIRPORT BUT WITH IT'S REGISTRATION NUMBER N689WM PAINTED OVER!
This was followed by another article on the same Jet on Monday, 6 February 2017
Terkini: As of this morning : Monday 6th February : The Jet Global 5000 N689WM is no longer on the tarmac at Seletar Airport, Singapore.
An above is the plane as it was then - with the registration no N689WM.
Here is the situation as of 5PM this evening, Wednesday, 8th February 2017.
The Jet Global 5000 is back at Selatar Airport but with the Registration Number N689WM painted out. If you look closely at the picture below you can still see the rectangle tell tale mark of new paint still not completely dry, that has been painted over the area where the Jet Registration Number was previously visible for all to see.
The next picture shows the same pane being towed into a Hanger belonging to Jet Aviation at Seletar Airport.
And the last picture is of the hanger door being closed hiding the Gloval Jet 5000 which has been bought with money from 1MDB, now hidden away from public view in a hanger belonging to Jet Aviation (an American company) at Seletar Airport
Now here are the questions we need to ask:
The First Question :
Has the American Department of Justice taken possession of the plane and instructed Jet Aviation (an American Company) to service the plane, paint over the Registration Number N689WM and have the plane parked in the hanger until a decision is made as to what is to be done to the plane : Either fly the Jet Global to America or hand it over to 1MDB or the Government of Malaysia.
Next Question:
Did the Government of Singapore instruct Jet Aviation to paint over the Jet Global 5000 registration number?
If it did so, why?
Did the government of Singapore do so to spare the Malaysian Government any blushes as public interest over the plane's location intensifies day by day?
If so why is the government of Singapore doing so?
To use it as a bargaining tool for future "negotiations" between the two countries?
What are they negotiating now?
How will that bargaining tool be used to gain any advantage for the Singapore government?
Has it got anything to do with the move by the Malaysian government to reclaim Batu Putih from Singapore?
Has it got anything to do with the move by the Malaysian government to reclaim Batu Putih from Singapore?
Third Question:
Is the Prime Minister of Singapore doing a favour to the Prime Minister of Malaysia to spare Najib Razak any embarrassment over the use of 1MDB money to buy that Global 5000 Jet - the Jet that was previously parked on the tarmac at Seletar Airport for every one to see? If so what is the Prime Minister of Singapore expecting in return for doing the favour for Najib Razak.
Fourth Question:
Why the need to paint over the registration number of the Jet Global 5000? Is there something sinister, illegal or questionable being done involving the Jet Global 5000?
Hanger space at Seletar Airport is at a premium. After they had serviced the said Jet in their hanger in the last week or so, Jet Aviation had parked the plane on the tarmac and left it there. My sources in Singapore provided me with the picture of the plane then and I posted the two article in my blog about the said Jet. The same source has provided me with the above images of the plane and informed me that at around 5 pm this evening, the plane was towed into the hanger, the door was closed and presumably locked, and the Jet Global 500 is now kept away from prying eyes.
I got the above "news" just a few minutes ago - and in the time that it took for me to write out this story, I am wondering why the Jet Global 5000, with registration number N689WM, bearing Manufacturer's Serial Number 9265, that was bought with money from 1MDB, that is now an aircraft of interest to the American Department of Justice...has got to be kept hidden from public view and parked in a hanger at Seletar Airport at a fairly hefty fee?
I know I will not get an answer form 1MDB. Nor one from the Malaysian Government or from Najib Razak....maybe the Government of Singapore or the American Department of Justice would care to comment or make a statement to bring some clarity into this matter.
I rest my case.
Friday, 25 November 2016
SarawakReport : 1MDB the stealing goes on and on and on and on....
How PetroSaudi's Tarek Obaid Nabbed $43 Million From 1MDB's Energy Langat Heist!
25 November 2016
Official photo Tarek Obaid
Bank details released by the Singapore Court in the case of BSI banker Yak Yew Chee give a telling insight into how the plunderers from 1MDB were laundering and spending their stolen money.
Yak has pleaded guilty to a number of money-laundering charges carried out for 1MDB’s Jho Low, which included lying to other banks on his behalf.
Prosecutors said one of the key accounts used for distributing money siphoned out of the fund in 2012 was a company named Alsen Chance Holdings, held at Standard Chartered Bank in Singapore and managed for Low by his agent Eric Tan.
Sarawak Report has identified that one of the payments made from that account was $43 million dollars sent on 30th October 2012 to the off-shore company Maplehill Properties BVI, which is owned by the PetroSaudi Director Tarek Obaid.
According to the Singapore investigations, this $43 million payment came straight from a massive theft from 1MDB’s Energy Langat the day after a total of $260 million arrived in the Alsen Chance account.
PetroSaudi was the company involved in a separate, earlier controversial venture with 1MDB in 2009, from which billions also went missing.
Obaid joins entertainer Swizz Beatz, already revealed to have received $800,000 from the same account. That money is believed to be linked to a performance Beatz was due to give at Jho’s Birthday bash in Vegas the following month, said to be the most lavish event ever seen in the gambling town.
Tarek, like ‘KAQ’ was paid immediately after the 1MDB Energy Langat money entered the Blackstone/Alsen Chance accounts
How the money travelled
The paper trail produced by the Singapore prosecutors shows that no less than $790 million had been immediately siphoned out of 1MDB subsidiary company Energy (Langat) after it raised a $1,75 billion bond in October 2012, through Goldman Sachs, ostensibly to invest in power plants.
Khadem Al Qubaisi passed the stolen $790 million through a bogus Aabar account and then creamed off $129 million via a later backhander from Jho Low’s Blackstone Asia Real Estate Partners Limited
That payment was later accounted for on the spurious notion that it was a “refundable deposit” to the Abu Dhabi sovereign wealth fund Aabar, paid as security for its co-guarantee on the loan.
In fact, the entire amount was channelled 19th October into a bogus Aabar subsidiary company in the British Virgin Islands, called Aabar Investments PJS Limited, which had been set up by two Directors of Aabar, who were co-conspirators in the heist.
From there $442 million was rapidly transferred (via two bogus Curacao-based investment funds called Cistenique and Enterprise Emerging Markets) to another hub company controlled by Low named Blackstone Real Estate Partners Limited BVI, which also had an account at Standard Chartered Singapore.
A week later, on 31st October, Blackstone transferred $129,000,000 back to the Aabar Chairman, Khadem Al Qubaisi, using his Edmond de Rothschild Vasco Trust account in Luxembourg.
Meanwhile, $260 million had been flipped on 29th October to Alsen Chance (which like Blackstone was set up by Eric Tan at the same Standard Chartered Bank branch in Singapore). The following day Alsen Chance sent Tarek Obaid’s Maplehill Properties the $43 million.
Bank statement for Alsen was included in Singapore Court papers
It can be seen that Eric Tan (Tan Kim Loong) was also paid a cool million dollars out of 1MDB’s stolen money for his pains in running these accounts. $5 million went to a company called Strategic Markets amongst a number of other recipients.
Payment to PetroSaudi?
Sarawak Report has already established that Maplehill Properties is entirely owned by Tarek Obaid and it was through this off-shore company that he held his share in the Hong Kong company Plato One, which is in turn the major shareholder of Bellevue Education, which controls several private schools in the UK and also in Switzerland
So, why was this director of PetroSaudi receiving secretive payments into his off-shore account, from money filched from the 1MDB Energy (Langat) deal and how much of it is now sitting in top private schools in the UK and Switzerland?
The money came from ‘Aabar Phase’ not ‘Good Star Phase’!
The US Dept of Justice/FBI investigation into money stolen from 1MDB identified PetroSaudi as being involved in facilitating the first major theft from the Malaysian development fund, which it dubbed ‘The Good Star Phase’ in its 136 report in July.
However, by November 2012 the arrangement with PetroSaudi had been allegedly terminated, 1MDB having claimed it sold its share in the joint venture arrangement for $2.3 billion.
Mohammed Al Husseiny CEO of Aabar
The bond issue for 1MDB Energy (Langat) was then raised as part of what the DOJ/FBI described as the second “Aabar/BVI Phase” of the scam, conducted in collusion with Aabar Chairman Khadem Al Qubaisi and his CEO Mohamed Al Husseiny (both now in jail in Abu Dhabi).
Given that the PetroSaudi Directors are continuing to argue, via teams of expensive lawyers in Switzerland and the US, that they themselves were merely innocent victims also of the shennanigans in 1MDB (having originally denied there was any wrong doing) we ask why was Obaid accepting this concealed payment?
Surely, if there had been a genuine debt related to his earlier business with 1MDB, it should have been paid up front to one of the companies in the PetroSaudi group not through Jho Low, who claimed to have no connection with 1MDB anyway?
Earlier payment to Tarek was through Good Star
Jho Low has continued to deny that he is the owner of the company Good Star Limited, which siphoned out over a billion dollars from the original joint venture with PetroSaudi and paid Tarek $85 million straight after.
Likewise, PetroSaudi still publicly maintain that it is indeed they who own Good Star, even though the Singapore and US authorities have now confirmed through documentation that the owner was Jho Low.
Jho opened the Good Star Account at Coutts – Documents in Singapore court case
So, isn’t it time Tarek and PetroSaudi finally came straight and told Malaysians what has been going on…. or time somebody arrested the lot of them?
The Singapore statements also show that Good Star Limited paid $33 million into the Alsen Chance account on 17th October, replenishing the account which had just dropped beneath one million dollars. Immediately after several multi-million dollar payments were made (including to Cinema Archives, a company likely to have been used by Red Granite in the making of Wolf of Wall Street at that time).
Wind up payment?
It a matter of record that the 1MDB PetroSaudi engagement had finally been wrapped up the previous month in September 2012, with the alleged ‘buy out’ of 1MDB’s PetroSaudi shares by an obscure company named Bridge Global. Bridge Global then ‘invested’ 1MDB’s purported proceeds in an opaque Cayman Islands fund.
So, was this $43 million some kind of termination payment to Tarek and if so on what basis was it agreed and what did it have to do with Jho Low?
If PetroSaudi still maintain they own Good Star Limited, which they were continuing to claim just weeks ago, what is the connection to Alsen Chance and Jho Low?
Victim or Voleur? Time to explain!
Tarek Obaid and his partner Patrick Mahony have threatened to sue numerous press organisations, employing lawyers at great expense over very many months, in order to deter coverage of their ‘innocent dealings’ with 1MDB. Yet we can confirm they have still failed to contact Sarawak Report, which has been publishing numerous articles, which have received millions of hits.
Instead, they have commissioned PR people, such as the Swiss Marc Comina to orchestrate black PR and shadowy online defamation campaigns against this blog. We suggest this is because they fear a confrontation in court about the facts.
However, now the whole matter has been settled in open court in Singapore, Tarek Obaid can no longer shy away from an explanation to the Malaysian public as to why he received this payment…. after all it was their stolen money and he is now proven to have repeatedly lied on the 1MDB’s behalf.
If Tarek Obaid is a ‘victim’ he owes a public explanation to Malaysians.
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