Thursday, May 28, 2015

Tun kata Najib pembohong


Tun Dr Mahathir segera menjawab jawapan kedua Dato Najib dengan menumpukan fokus terhadap isu pembetulan kenyataan bahawa wang disingapura bukan wang tunai.

Pembetulan di parlimen menjelaskan kenyataan salah sebelum ini. BSI hanya custodian kepada certificate unit amanah pelaburan dalam dana sebuah foreign fund.

Ada alasan kata jika najib hendak tipu, tak perlu dia betulkan kesilapan sebelum ini. Najib tiada niat menipu.


Ada sebuah potongan akhbar menunjukkan sebelum ini najib hanya berkata mengekalkan dalam matawang us dollar. Ada tak keratan lain yang bukan sarawak petpot atau msia ditipukini atau malaysia insidious atau the egg yang boleh jelaskan kenyataan Najib sebelum ini?

Sesuatu yang patut Najib jelaskan dalam pembetulannya adalah apa nama sovereign fund yang dilaburkan? Apa salah telus supaya boleh diketahui ramai dan hilangkan curiga akibat banyak soalan makan masa lama sangat tidak dijawab.

Susah untuk Najib kata dia tidak tahu kerana ada pihak sudah dedahkan kuasa Najib dalam M&A sebagai pembuat keputusan terakhir dalam urusan 1MDB. Najib susah untuk kata dia tidak tahu sebenar.

Namun begitu harap tulisan FB Lim Sian See berikut mengenai jumlah pelaburan luar negara 1MDB dalam memberi maklumat untuk pemahaman:


How much of 1MDB's money is invested overseas?

1) USD1.1 billion (RM4 billion) in BSI Singapore
- Held as collateral for a Deutsche Bank USD975m loan and is apparently not cash but Financial Assets in the form of sovereign-guaranteed investment units).
- This asset appear to be yielding returns.

2) USD1.56 billion (RM5.68 billion) invested in a 2013 JV with Abu Dhabi Govt
- The 50-50 JV is called Abu Dhabi Malaysia Investment Company Limited
- JV is with Abu Dhabi govt owned Aabar Investments PJSC and is to jointly invest in energy and strategic real estate.
http://www.reuters.com/article/2013/04/16/malaysia-1mdb-aabar-idUSL3N0D31US20130416

3) USD1.4 billion (RM5.1 billion) with IPIC
- International Petroleum Investment Co (IPIC) is a sovereign fund wholly owned by the Abu Dhabi Govt and has assets worth USD65 billion
- The money is a part of the USD3.5 billion 2012 bonds that is co-guaranteed by IPIC and 1MDB and appears to be IPIC's share of the funds.

4) USD1.25 billion (RM4.55 billion) refundable deposits with Aabar Investments
- This appears to be a deposit for the options of Abu Dhabi govt Aabar that is tied to the IPO of 1MDB's IPO assets.

In total USD5.06 billion (RM18.43 billion) of the famous RM42b seems to be stuck in various ventures with the Abu Dhabi Govt

Understanding that foreign investment is bi-lateral, it appears that the JV is just not for investments into Malaysia but in both countries.

In fact multiple partnerships a signing was announced in March 2013 where it stated that http://www.1mdb.com.my/press-release/rm18-billion-strategic-partnership

"The various partnerships are the outcome of continuing talks between PM Najib and Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces of UAE, His Highness General Sheikh Mohamed Bin Zayed Al Nahyan, promoting long-term sustainable economic growth beneficial to both countries."

Definitely bi-lateral investments on both sides.

Not sure how much profits that the RM18.43b joint-investments have made so far but it seems it is 26 months since those JVs and partnerships was made.

Should Malaysia ask Abu Dhabi for all our money back? And if 1MDB breaks its various JVs with Abu Dhabi, would this anger the Abu Dhabi Govt?

Does the money even exist in the first place? That is the question.

But it is highly unlikely that 1MDB is using another country's name and their crown prince, general and royal family to hide 1MDB songlap.

If the RM18.43b comes back, it completely explains the entire RM42 billion picture and then Govt can simply say:

RM15b - Buy IPP and land
RM18b - Money in Abu Dhabi
RM8b - Inherited project financing for 15 IPPs
RM2b - build 8 military facilities and TRX development costs

= RM42b (ngam ngam).

So then govt will ask Tun M and Tony and Rafizi and all the various zombies and penaksubs: Where is the Songlap?

So, if all the Mid-East money comes back and used to significantly pay down the RM42b, would that make you all happy?


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