Folks, 1MDB has lost the arbitration with IPIC.
As can be expected the 1MDB morons have to pay the Arabs – for the second time.
This time the Arabs are real Arabs. Here is Blooomberg :
M’sia will pay US$2.5 billion (RM11b) as partial debt settlement
to be announced on London Stock Exchange
battle over repayment of 1MDB bonds coming to an end
M’sia to pay Abu Dhabi (RM11 bill) as partial settlement for 1MDB
Msia will pay Abu Dhabi $1.2 b before end of year (RM5.3b)
M’sia will assume coupon obligations for two US$ bonds by 1MDB
1MDB and MOF will pay US$2.5 billion (RM11 bill)
no legal action before Dec 2020, as they dispute US$3.5 b (RM15.4b)
1MDB and IPIC locked in tussle over repayments on bonds
default in April 2016.
My comments : As expected the Morons have lost the arbitration. Err . . ., when you are the asshole who has to pay up the money, it means you lost the arbotration lah.
So, Malaysia must now pay the first part of the settlement which amounts to US$ 1.2b or RM5.3b by the end of this year.
Remember folks, this is the money that 1MDB claimed very loudly they have already paid to some Arabs – which became a mystery.
The Moron 2nd Finance Minister said this in December 2016 : Second Finance Minister Johari spelt out the situation in December: “If IPIC could just acknowledge that they received the $3.5 billion payment made to them, then this matter could be easily resolved,” he told the Business Insider.
No you stupid a$$hole, IPIC has refused to acknowledge any such thing. They say they never received that US$3.5 billion (RM15.4 billion).
No you stupid a$$hole, IPIC has refused to acknowledge any such thing. They say they never received that US$3.5 billion (RM15.4 billion).
That is why they took you to the arbitrators. And now you have lost the arbitration. Now you have to pay – a second time.
First you have to pay RM5.3 Billion by end of this year.
You have to pay the balance after that.
They are giving you some breathing space.
But you have to pay their final settlement amount.
Whatever that is going to be.
But you have to pay their final settlement amount.
Whatever that is going to be.
YOU HAVE LOST THE ARBITRATION.
So where did that US$3.5 billion that Johari is referring to disappear?
Most certainly now the arbitration confirms that IPIC did not receive that money at all.
End note : This arbitration outcome will now serve as evidence in some of the Court cases. Padan muka. The London arbitration confirms US$3.5 Billion has disappeared.
Folks, the GST may go up. Fuel prices may go up. Taxes may go up. Where are these morons going to find RM5.3 Billion in a jiffy?
The solution : MMD or Melayu Miskin Dulu.
– http://syedsoutsidethebox.blogspot.my
Assalamu alaikum warohmatullahi wabarakatu.
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