27
Apr
17

Is MO1 paying 1MDB debt with our tax money?

Is MO1 paying 1MDB debt with our tax money?

YOURSAY | ‘In no time, M’sia will be left with nothing but debts for our future generations.’

Settlement shows Malaysians will pay double what 1MDB owes

Kim Quek: The US$1.367 billion, US$993 million, US$855 million and US$295 billion paid out by 1MDB relating to its US$3.51 billion bonds raised in 2012 were all fraudulent financial cocktails allegedly concocted by Jho Low in conspiracy with the ‘crooks’ in Abu Dhabi-based International Petroleum Investment Company (IPIC) to swindle cash from the Malaysian public while 1MDB was under the control of PM Najib Abdul Razak.

Najib has to answer now where the US$3.51 billion has gone to.

Ipohcrite: It is clear as daylight that 1MDB allegedly fraudulently paid the money – US$3.51 billion – to a complicit entity and not to IPIC. And now, 1MDB and the Finance Ministry will have to pay the same amount to IPIC, so that’s double payment.

And guess who will have to bear the financial burden in the end? The long-suffering rakyat of Malaysia. Again.

And all because we have 1MDB, the brainchild of Najib, cooked up allegedly to enrich a select few to the devastating detriment of the entire nation, and now entangled in a massive web of debt.

Pemerhati: “1MDB lost US$3.51 billion worth of payments that have purportedly been paid to IPIC and its subsidiary, Aabar Investments PJS (Aabar BVI)… It has already been widely known, and confirmed by the United States Department of Justice (US DOJ) that Aabar BVI is a fraudulent, impostor company.”

It is thus reasonable to conclude that MO1 (Malaysian Official 1) has allegedly siphoned off US$3.51 billion, which is about RM15 billion, through this fraudulent company. That means about RM500 from each of the 30 million or so people living in Malaysia.

The astonishing thing is that the inspector-general of police (IGP), Malaysian Anti-Corruption Commission (MACC), attorney-general (AG), the top ministers and leaders of BN and the top public servants are all supporting and protecting him.

Notice that in sharp contrast, when the South Korean president was found to have done something wrong, which was very minor to what MO1 has done, there were huge demonstrations and intensive investigations and the president had to step down.

Malaysia is almost certainly heading towards a bleak and dark future.

Vijay47: To reduce things to raw basics, what these latest announcements by 1MDB and IPIC confirm is that Petaling Jaya Utara MP Tony Pua and the DOJ have been right all along when alleging that the payment of US$3.51 billion supposedly made to Aabar Investments PJS by 1MDB was about as real as that Santa Claus from Saudi Arabia.

So can we now expect another SRO (standing room only) performance from our amusingly talented AG? I would imagine that this time, he would understandably dispense with his previous charts and diagrams.

Next, can we also expect the agile AG to institute proceedings against all 1MDB personnel involved including that smart-alecky 1MDB president Arul Kanda for seemingly submitting wrong or false information regarding the entire scandal?

This should not pose too much of a problem, going by the dazzling speed with which the intrepid AG acted against PKR’s Adam Rosly and his Disneyland house. And meanwhile, Jho Low continues to ride off into the sunset laughing our heads off.

Anonymous 2350931441161169: Instead of acting dumb or dumber, maybe the attorney-general (AG) should use the ‘details of the settlement with IPIC’ as new additional evidence to resume ‘action’ with his ‘no further action’ decision on the whole grand 1MDB alleged embezzlement scheme.

RM2.6 Billion Turkey Haram: Pua, Malaysians thank you a billion times for enlightening us the huge amount of money we have to pay for nothing.

Just imagine if the country does not have representatives like you and Pandan MP Rafizi Ramli, or worse still, if both of you join BN. The poor Malaysians would have been cheated without knowing anything and suffer in silence.

Meanwhile, those alleged thieves would be enjoying the spoils with impunity, partying with actresses and sipping the most expensive champagne.

Yes, after the success of producing a movie which even made the ulama scurry for cover, one of the ‘thieves’ might attempt producing another movie with a similar theme.

Dont Just Talk: It’s obvious who the winners in this 1MDB financial scandal are – Jho Low and Najib’s stepson Riza Aziz, with the help of the untouchables; MO1 who was mentioned 36 times by the US Justice Department (DOJ).

The others, as Pua rightly put it, are the alleged fraudulent imposter company Aabar BVI.

How can a small country like Malaysia stand the impact of losing billions of US dollars with nothing to show. Truly it is the largest scam of the century carried out by a bunch of brilliant rascals.

Amateur: US$3.5 billion, or RM15.3 billion at the prevailing exchange rate, is either too enormous to be comprehended by the general public or the majority of them couldn’t be bothered in view of their entrenched set of priorities – race, religion and country.

Can God save a country when its people don’t bother to take the initiative? Let’s see the ultimate result.

Tony Soprano: Phrases like ‘security deposit’ and ‘top-up security deposit’ in relation to the issuance of bonds are red flag tropes for embezzlement and money-laundering.

GMK: It’s very simple, the Malaysian taxpayers need to pay US$1.205 billion as current liability and a further US$3.5 billion that is coming, all the money is supposed to have been paid but is apparently nowhere to be seen, even after going all over the accounts.

FairMind: The longer MO1 stays in office, the more he will grind Malaysia into the ground. It is obvious he is allegedly using more and more of the good money to fill up the gaping holes which he had dug up earlier with his alleged co-conspirators.

In no time, Malaysia will be left with nothing but debts for our future generations.

8860: Malaysians are now tormented by powerlessness and helplessness. We are all waiting for the coming general election (GE). And hopefully we can change for the better.

We need a government which can uphold the rule of law and democracy. A ‘kleptocrat’ government will only bring misery to the rakyat.

Is MO1 paying 1MDB debt with our tax money?
27 Apr 2017 – malaysiakini

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All that is necessary
for the triumph of evil
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to do nothing.

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when the government
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there is LIBERTY.

- Thomas Jefferson
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