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Najib implicated in funneling funds into personal a/c


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Hypersonic

sell 10 x lands to PRC can liao .... sup sup water

let PRC build a little China in Msia with direct flight from China

opps ... that’s Forest City in Iskandar ... lol

 

 

This fund never really had any seed money right.

It just started out as govt bequesting it land which it then sells to other consortiums to develop.

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Declassified report on Malaysia's 1MDB shows funding anomalies

 

 

 

 

The declassified report found, among others things, that 1MDB used 288 million ringgit (S$97.5 million) of government funds to pay interest on its debt, which went against the monies' original purpose. 1MDB raised 3.98 billion ringgit from domestic debt and sukuk issuance, of which only 246 million ringgit was invested in two property projects, while 2.16 billion ringgit was advanced to the company. 1MDB said in March all its funds are fully accounted for.

 

 

https://www.businesstimes.com.sg/government-economy/declassified-report-on-malaysias-1mdb-shows-funding-anomalies

 

:a-aggressive:

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indirectly and literally 卖国.  :D

 

This fund never really had any seed money right.

It just started out as govt bequesting it land which it then sells to other consortiums to develop.

 

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Hypersonic
(edited)

indirectly and literally 卖国.  :D

 

Yeah

And they didn't even develop the land like the consortiums who at least take the raw land and do something with it. That's why it was pure profit as long as they can keep doing the same. But guess Jib Kor Ran out of prime land to bequest to it  [laugh]

I probably mentioned this before, but this Tabung Haji fund is also a bit fishy. 

The dividend payouts are quite high ...

I was reading that coupon payments are like 8%

 

https://en.wikipedia.org/wiki/Tabung_Haji

Edited by Lala81
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Malaysian anti-graft body summons Najib in probe on former 1MDB unit: Report

 

 

 

 

The commission had found evidence that about US$10.6 million was transferred from 1MDB's former subsidiary, SRC International, to an account belonging to Najib, said a member of a panel which reviewed the commission case files.
 

 

 

Read more at https://www.channelnewsasia.com/news/asia/malaysian-anti-graft-body-summons-najib-in-probe-on-former-1mdb-10247826

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