QUOTE(keown83 @ Aug 14 2017, 01:02 PM)
OK
so its not RM42b that went missing as Tun M alleged, isnt it?
i ask the fella which money went missing & how much, thats all
i think u miss the bus a lot..its been circulated earlier that Aabr BVI is indeed belongs to IPIC
even got the letter as a proof that u can search in google
1mdb lost in the arbitration? i didnt remember i read in any official statement be it from IPIC or 1MDB or even from court that say 1MDB lost the arbitration.
the money is not missing as the money does not belongs to 1MDB anyway.
i see that PH have a different set of allegation from different party..those who aligned with DAP will question about the alleged USD3.5b money missing regarding IPIC-1MDB..the other PH fag whose aligned with Tun M keep insisting that RM42b missing as alleged by Tun M..so u see how disunite u guys in PH? even among guys regarding the same 1MDB issue also u guys have difference allegation
ur argument deserve different thread if u want anyway
I dunno whether it was misquoted or indeed if TDM said RM42b was missing.
fact is 1mdb has +/- RM42b of debt.
QUOTE
Because 1MDB simply does not have any more substantial tangible assets or cash in its books, the Malaysians taxpayer will have to pay for most of 1MDB’s still-outstanding debts including:
RM5 billion 30-year bond guaranteed by the federal government issued in 2009;(Due only in the year 2039)
US$3.5 billion 10-year bonds issued in 2012, now guaranteed by MOF Inc;(due in the year 2022)
US$3 billion 10-year bond issued in 2013, guaranteed with a ‘Letter of Support’ issued by Finance Minister Najib Abdul Razak; (due in the year 2023)
US$1.23 billion borrowed from IPIC in 2015, guaranteed by MOF Inc; (it is actually an advance on the settlement - not a loan but it is due to repay by end of 2017)
RM800 million loan from Socso in 2010, guaranteed by the federal government; and
RM2.4 billion sukuk issued in 2013, which have already been assumed by MOF. (due in 2022)
The above sums up to RM8.2 billion and US$7.73 billion, (exchange rate USD1-RM4.33) or a combined total of RM41.7 billion.
and supposedly has RM60b worth of assets.
QUOTE
but all of those assets are grossly inflated, and in reality not really worth RM60 billion in total bcos:
1. RM8 billion of TRX land is when it's completed, right now it's still in construction. but ok since it's already in development, let's take the Rm8billion at that value.
2. Bandar Malaysia value of RM26 billion is also when it's completed. and this is IF another developer is found to actually realise (aka build it up to become) RM26 billion. If not it's just a soon-to-be-decommissioned airfield land only worth maybe Rm2-3 billion. Do recall that originally if Bandar Malaysia were to be developed by the original developer IWH-CREC, they claim it would be worth RM10billion once completed.
so now yang dikendong (RM10billion) tak dapat, yang dikejar (RM26 billion) berciciran?
ke orang tamak selalu rugi, bagai anjing dan bayang-bayang?
3. Brazen sky funds are in units of unknown denomination. and unfortunately it's inside the closed BSI bank.
or in cayman islands.
well it's somewhere just not in Malaysia.
if it does exist, then how come it took so long to monetize (aka withdraw) the funds to pay off IPIC.
4. ah, the claimed USD3.5 billion from IPIC. so now we want to claim something we never paid to them?
really, they have a letter claiming aabar BVI is owned by IPIC?
then why IPIC still insists it's not theirs?
and why when we go to arbitration this proof was never submitted? or was not accepted by the arbiters?
wow, 1mdb didn't lose the arbitration? then why did 1mdb still have to pay IPIC the USD1.2 billion which IPIC lent to 1MDB?
and that all payments related to the USD3.5 billion bond payment will now be under the responsibility of 1mdb and MoF Inc. Malaysia?
and that according to IPIC's official statement:
http://www.londonstockexchange.com/exchang...K/13201700.htmlQUOTE
International Petroleum Investment Company PJSC (IPIC), Aabar Investments PJS (Aabar), the Minister of Finance (Incorporated) Malaysia (MoF Inc.) and 1Malaysia Development Berhad (1MDB) are pleased to announce that an agreement has been reached between all parties that provides for a settlement in respect to the arbitration proceedings at the London Court of International Arbitration (the Settlement). The agreement is conditional on the Arbitration Tribunal making a consent award by 31 May 2017.
Under the terms of the Settlement, IPIC will receive an amount of US$602,725,000 by 31 July 2017 and a further amount of US$602,725,000 by 31 December 2017.
Separately, 1MDB and MoF Inc., undertake to IPIC to assume responsibility for all future interest and principal payments under the two bonds issued by 1MDB Group companies that are guaranteed by 1MDB and IPIC; (i) US$1,750,000,000 fixed rate 5.75 per cent. notes due 2022 issued by 1MDB Energy (Langat) Limited and (ii) US$1,750,000,000 fixed rate 5.99 per cent. notes due 2022 issued by 1MDB Energy Limited.
The parties have provided suitable undertakings and indemnities in respect of the performance of obligations under the Settlement.
The parties have also agreed to enter into good faith discussions in relation to payments made by 1MDB Group to certain entities.
and the last sentence, IPIC does not recognize aabar (BVI) as theirs since they call it
certain entities and not IPIC's subsidiary Aabar Investments PJS (BVI)...
yeah I agree this deserves a different tered, but as if you wanna participate...
Nothing to Hide 2.0 : Riot, Flare, Chair Fly, Update : Mahathir arrives, Najib missing 
Aug 13 2017, 03:03 PM, updated 9y ago
Quote
Penyokong BN dah tak 'closeted' dah macam dua tahun lepas!
ayam sapork this.
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