Anonymous said...
Syed Akbar Ali comments : Now you know why Arul Kanda is leaving 1MDB. Dia sudah tahu.
Syed Akbar Ali, big 1MDB creditors actually planted Arul Kanda as CEO in 1MDB to liquidate as much of 1MDB assets as possible.
Mission Possible accomplished, Arul Kanda will quit, back to Middle East never to be seen again!
Soon debt default will be declared and creditors will claw up all the cash. Cash will not cover the debts fully, maybe 60 sen on 1 RM, but Cash Is King!
Also cash easier & faster than other assets to claim.
The balance, maybe 40 sen on 1 RM, will be claimed back from MY Kera-jaan (Govt of M'sia) as 1MDB guarantor.
Will be long & hard legal & administrative procedure.
Sunday, April 03, 2016 4:55:00 AM
My comments : Thank you Sir. I dont see how 1MDB is going to pay off RM42 billion debt completely.
They bought power plants, cheap land etc for RM15 billion.
Dr Mahathir asked where the balance RM27 billion went.
Well we have some idea now. The past week has been revealing.
My simple math says 27/42 = 0.64.
For every Ringgit, about 64 sen has gone missing. Plus the losses from the sale of Edra Energy, I think the number is higher than 64 sen.
The sale of that small parcel of land at multiple times its purchase price did not recoup all the billions that were lost.
With the rubber man exiting the scene, who will they place as CEO?
Another tongue tied, cannot speak London, towering infernal ? - http://syedsoutsidethebox.blogspot.my/
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