YOURSAY | ‘The people will not accept answers like ‘no wrongdoing has been committed’.’
Odin Tajué: Yes, attorney-general Mohamed Apandi Ali, one understands perfectly that you need time. Indeed, you need a great deal of time.
Because if the Malaysian Anti-Corruption Commission (MACC) had executed its investigation in an expert manner, to the standard of the world's best graft-busting agencies, the indubitable culpability of the lead suspect would be illustrated by numerous pieces of irrefutable evidence.
And your job is apparently to see how the evidence could be rendered inadmissible in a court of law or be deemed insufficiently grave to warrant prosecution and thus save your lord and master from being charged.
Yes, it is a very tough, onerous, time-consuming job. Even for a genius like you. For it would take brains of extraordinarily abnormal sharpness, of inconceivably stunning brilliance, to - to quote just one example - explain why payment(s) means/mean donation(s).
Doubtless, you will spend a very great deal more time than the 30 minutes you spent conducting your research on Christianity on the Internet and became an expert on the religion.
Kingfisher: Considering the seriousness of the matter, the MACC investigation reports cannot be handled in a "fleeting" read. They would require a "deliberate and thorough" read for a comprehensive understanding of all facts and nuances.
It is therefore understandable that the AG takes all the time necessary. He however is in an unenviable position as he has to sort out the legalities as public opinion as guided by common knowledge is that two separate entries - one a large sum and another a staggering amount of money - have been received in an individual's private/personal account.
Considering the recipient and considering the status of those who gave or "granted" the monies, the AG will no doubt use his professional tools to ascertain the legal implications and ramifications of this matter in the true tradition of his esteemed office.
Bluemountains: Yes, to be fair to Apandi, he must be given all the time he needs to come to a just decision.
He must be able to justify his decision by showing why he does or does not agree with each of the recommendations of the MACC to prosecute the perpetrator(s).
Apandi can be held responsible for any dereliction of duty. The people will not accept answers like "no wrongdoing has been committed".
Ericlcc: Apandi, you are the boss in AG’s Chambers; go ask an officer to study the report and make the necessary recommendation.
Heads of department are appointed to lead, not read. Show some leadership and expedite the matter.
If you cannot show urgency, then I suggest go back to the Federal Court. There, at least, nobody can criticise you for working on tortoise pace.
Slumdog: We all know the reason why PM Najib Razak appointed Apandi, an ardent Umno sycophant, and that is to protect him.
Apandi can take all the time he wants because the rakyat are not holding their breath waiting for a decision from him as to whether he will charge Najib or not.
Victor Johan: The prime minister hires the new AG to investigate ‘thoroughly’ on the PM. What a joke.
Kim Quek: This 1MDB statement does not make sense at all. It is talking about something that has not happened, namely, the “current proposed deal structure” that will see the creation sometime in the future of a “new special purpose vehicle (new SPV1)” that will eventually take over the four plots of land owned by TRX City Sdn Bhd (formerly 1MDB Real Estate Sdn Bhd) and the 12 plots of land owned by Bandar Malaysia Sdn Bhd, which make up the Bandar Malaysia project land bank.
But what happened on Dec 31, 2015? Did the parties sign the agreement whereby the consortium bought 60% of the equity of Bandar Malaysia Sdn Bhd?
Was the selling price RM5.279 billion, as announced by China Railway Group Ltd? Was any down payment made on that day? If so, how much?
If only the Bandar Malaysia Sdn Bhd (BMSD) shares were transacted, does it not mean that the transaction did not cover the entire project area of 486 acres, as BMSD owns only 12 plots, while TRX City Sdn Bhd owns the other four plots?
Does it also not mean that the sales price had to be reduced proportionately, pending the transfer of the other four plots?
Indeed, what exactly took place on Dec 31, 2015? Was there any sales and purchase agreement (S&P) signed at all, or was it just an agreement on proposed actions that will lead to the sealing of the deal?
We have had enough of misleading, if not dishonest, statements from 1MDB CEO Arul Kanda, and Najib has to step in to tell the truth to the nation on the current status of this deal, as only he has the power to decide on every major transaction, in accordance with the constitution of 1MDB.
Donplaypuks: This SPV sounds like another nonsense from 1MDB. The SPV will be valued at RM12.35 billion and China JV will have to come up with RM12.35 billion x 60% = RM7.41 billion and 1MDB RM4.94 billion.
Why bother when they can sell without incurring new debt?
Wg321: In the S&P Agreement signed on Dec 31 between 1MDB and IWH-CREC (Waterfront Holdings Sdn Bhd-China Railway Engineering Consortium Sdn Bhd), the sale of 60% stake in Bandar Malaysia is RM5.28 billion as stated by IWH-CREC.
CREC has officially informed this amount to the HK Stock Exchange. 1MDB claimed that this amount (RM5.28 billion) can be adjusted to RM7.41 billion in six months’ time.
How can IWH-CREC be so stupid to have such a “hidden clause” where the sale price can be revised upward to RM7.41 billion or even more. It is an offence for CREC to give false information to the Hong Kong Stock Exchange by hiding this “hidden clause”.
One of the shareholders of IWH is the Employees Provident Fung (EPF). Why must EPF money used to bail out 1MDB? EPF should be able to get the land in Bandar Malaysia at nominal cost from the government, just like 1MDB.
About 76% of the sale price from IWH (local money) is used to bail out 1MDB and only 24% from CREC (foreign money).
Rationalisation means selling prime assets to pay the massive debt of 1MDB. Where are the champions of “Ketuanan Melayu”?
Discovery: Stephen Ng, thank you for making it so simple for us simple folks to understand the sale of our national asset by 1MDB.
I must admit after reading Arul Kanda's explanation, I am more confuse and could not help but wonder if he is out to purposely mislead the public or he is just plain useless at explaining.
Now that I understood the matter more clearly, the land must have been sold at forced sale value and if this is true, this is the greatest betrayal by 1MDB. -Mkini
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