BNM RM32b forex scandal
Total loss to country: RM32b
- equivalent to 15.9% of Malaysia's economy size of RM201.7b in year 1992
- equivalent to 62.7% of Malaysia's total FOREX reserves of RM51b in year 1992
- total recovery = nothing, no asset to show for.
- total benefit to country = nothing
- action taken: RCI concluded that Mahathir and Anwar be probed for committing CBT, criminal neglect and concealing/misleading cabinet and parliament over the losses but in the end, no action was taken and nobody was ever held criminally responsible

CONSEQUENCE of BNM forex losses led to Malaysia lacking FOREX reserves to defend our Ringgit which then led to the financial crisis of 1997-1998.

1MDB scandal
Total loss to country: USD4.5 billion (RM13.5b in 2013 or RM21.2b in 2024)
- equivalent to 1.3% of Malaysia's economy size of RM1.05 trillion in year 2013
- equivalent to 3.1% of Malaysia's total FOREX reserves of RM441.7b in year 2013
- total recovery to date = RM29.03b as at Feb 2024, assets remaining RM40b TRX project, RM140b Bandar Malaysia project, RM500mil Pulau Indah land, RM2b Penang land.
- Najib hit with various criminal charges which is mostly AMLA. He is not charged with stealing 1MDB/SRC money for his personal use.

People forget that the actual amount of money misappropriate from 1MDB was US$4.5b (RM13.5b) - not RM32b which is actually the total 1MDB debt.

In fact, the total recovery to date via the various settlement agreements of RM29.03b has already exceeded the US$4.5b (RM13.5b or RM21.2b) that was misappropriated from 1MDB. Additionally, various settlement agreements are still being worked on which would lead to even more recovery.

1MDB's debts have mostly been settled already. There is more than enough balance in 1MDB's trust account to pay for the remaining principle and interest payments of 1MDB's final debt of RM5b bonds that will mature only in year 2039.

1MDB also had to spend billions out of these RM32b debts to:
- buy the land, relocate and compensate existing tenants, pay for land conversion costs, build the infrastructure (including RM3b for the 5km underground tunnels) and construct the RM40b TRX project
- buy the land, build and upgrade 8 military bases in Malaysia and promote the Bandar Malaysia project
- buy the Pulau Indah land
- buy the Penang land
- buy the various Independent Power Plants (IPP) to help eliminate the lop-sided IPP deals that were costing Malaysia RM15b to RM20b loss per year
- pay for the interest on the total debt
- pay for management and operations cost of 1MDB
- pay for various CSR activities including sponsoring tens of thousands of people to go for Haj

It is clear after taking into account the above, Malaysia actually stands to profit from 1MDB - not loss.

The second biggest scandal that hurt Malaysia the most is the Maminco scandal during Mahathri time that eventually led to the total collapse of Malaysia's tin industry which was our largest export then.

Nama pun scandal mana ada baik punya bengong la TS ni

PKFZ leh?

Done backup najib

Need more info on the bnm, hope itll be a good read. Anyone can contribute?

Salah dapig dan type c

TL:DR version.

All 3 cb also stole monies, so who would jew sappork?

PKFZ now very profitable. 100% occupancy rate now. Can easily pay back the loan already.

In fact, they building PKFZ 2 nearby because demand too high.

He adds that the transformation of Port Klang to a port city that comprises other commercial elements will be the booster for PKFZ to move into the next development stage, for instance, the expansion of PKFZ 2, 3 or even PKFZ 4.
https://www.edgeprop.my/content/1749989/pkf...s-be-discovered

Royal commission recommends criminal probe against Anwar, Mahathir for forex losses
https://www.straitstimes.com/asia/se-asia/r...or-forex-losses

lol, u think u write a general crap lines like that we would believe you?

sure, pls provide your detailed proof to each of your claim

What's your point TS? 1MDB scandal benefit us?

the only thing clear is, your papa is a male.

TS needs to add some clarity here

- action taken: RCI concluded that Mahathir and Anwar be probed for committing CBT, criminal neglect and concealing/misleading cabinet and parliament over the losses but in the end, no action was taken and nobody was ever held criminally responsible

Secretary of the RCI made police report. Krik krik all the way to 2018 change govt. Later revealed he retracted the report.

Another deep state mole that saboed Najib

Ok lar in this sense you have some merit

You didnt actually take the payment from KPMG and Goldman for damages (far greater than the fees we paid them) as intended FDI

U jangan kacau...

Tiong and all those involved (especially cronies) all happy...

Which part you don't agree with and want me to prove? Just state it.

Janji DAPee salah x bagi nasihat

-Lebailogic

18 Jan lol

TLDR; Jibby is a better leader because he stole less?

why would we need 1mdb to profit from land investment? we dont have any investment option other than 1mdb?

your reasoning of 1mdb actually profiting the country is a complete horseshit.