LOST OR STOLEN? The 1MDB Facts for Dummies

Dear Malaysians, did you know that,

YB Rafizi lectured about it. YB Tian Chua was talking about it all this while. However, when it was brought to table by Tun Mahathir himself, everyone now is taking a glance at PM Najib for an answer.

Money! Money! Money! Rakyat's money!Where is the money?Lost or stolen? It is okay. Malaysians mudah lupa.

Dear Malaysians, did you know that,

1MDB began in 2009 with initial investment of RM1 million and took loan for RM42 billion later on. So far there is no return of investment. 1MDB loses the money, the government bears the loss.

Money! Money! Money! Rakyat's money! Where is the money? Lost or stolen? It is okay. Malaysians mudah lupa.

Dear Malaysians, did you know that,

With the RM42 billion, the total confirmed investments (or purchases) came about RM14.7 billion. So where is the balance of RM27 billion (well, nothing new as Tun M has already asked)?

Money! Money! Money! Rakyat's money! Where is the money? Lost or stolen? It is okay. Malaysians mudah lupa.

Rafizi Ramli

Dear Malaysians, did you know that,

Contradicting to the usual practice, 1MDB was an off-budget project and was not even presented in the Parliament(lack of transparency in term of presentation and approval). Things get more complicated when the Prime Minister who is also the Finance Minister became the advisor of 1MDB. Well, who can overwrite the PM's decisions then?

Money! Money! Money! Rakyat's money! Where is the money? Lost or stolen? It is okay. Malaysians mudah lupa.

Dear Malaysians, did you know that,

USD$700 million( a small chunk of the money) was then transferred from Good Star’s account at RBS Coutts in Zurich into into Low Taek Jho (Jho Low)'s account at BSI Bank in Singapore. (This is according to the report by Singapore monetary authorities published by Sarawak's Report). How is Jho Low connected to 1MDB or to anyone involved with 1MDB?Did 1MDB manage to retrieve the money from Jho Low?

Money!Money!Money! Rakyat's money!Where is the money?Lost or stolen?It is okay. Malaysians mudah lupa.

Dear Malaysians, did you know that,

YB Tian Chua and Najib

The USD$700 million was supposed to be an amount that should be paid back to PetroSaudi International (for a 'loan' which is quite unclear and unusual) was then managed by by a third party, Good Star which has no link with PetroSaudi. Why such a peculiar arrangement? With this, the money went under full control of Good Star (company belongs to Jho Low).

Money! Money! Money! Rakyat's money! Where is the money? Lost or stolen? It is okay. Malaysians mudah lupa.

Dear Malaysians, did you know that,

Again in September 2010, USD160million transferred to Good Star company again for a loan agreement between PetroSaudi and 1MDB. Strangely, 1MDB and the Ministry of Finance have always denied that 1MDB money was used to finance the purchase of UBG by PetroSaudi.

Why there is a need for a third party for a loan arrangement? What is the role of Good Star here?

Money! Money! Money! Rakyat's money! Where is the money? Lost or stolen? It is okay. Malaysians mudah lupa.

Well, based on Sarawak's Report and input from Tun M (in his Chedet blog), the facts about 1MDB can go longer but below are some important points for us to think through:

Given the fact that PM Najib, as the Prime Minister, also the Finance Minister being the advisor for 1MDB had/have the full authority to make any decision related to it. Having said that, none of the money transfer mentioned above have taken place without his knowledge.

Dr Mahathir

Secondly, Good Star belongs to this infamous businessman, Jho Low who is apparently the PM's family friend and closely associated with his step-son, Riza Aziz. So is there a win-win situation deal here?

On top of this, the luxurious life of PM and his wife, especially with their daughter recent grand and expensive wedding dinner, talks hit the town questioning how a PM, with annual income approximately RM350,000 could keep up with such a lavish lifestyle . Maybe a declaration of assets and income required here to clear the air.

Lost or stolen? As the advisor of 1MDB, Minister of Finance, it is the responsibility of Prime Minister Najib to break his silence and address the valid concerns about the controversies surrounding 1MDB or else his credibility as the PM will not be restored.

Fancy speeches might able to keep the truths away for sometime but not always for UGLY TRUTHS!! - MAILBAG