AFTER THE 5 DAY 'CURE PERIOD' THE TAXPAYER MUST PAY. PROBLEM SOLVED. APA SUSAH SANGAT?

XI XINPING PULLS OUT OF PLANNED VISIT TO MALAYSIA ? ?

GEELY PULLS OUT OF PROTON DEAL ? ?


Chief Thief says 1MDB has no problems, even when they cannot pay RM2.6 BILLION. Who exactly has spare cash lying around to pay off RM2.6 BILLION? The London Stock Exchange has been informed about 1MDB's FAILURE AGAIN to pay up money that is due.

So they have FIVE business days (five working days) to make good on the default (aka non-payment). They have until Monday 7th August (??) 

Folks, there is no money. There are no "units" that are worth anything. There is zilch. Nothing.

The 1MDB morons say they have written a letter of excuse to IPIC to explain their default (aka non-payment). Here is a copy of their letter:


"Dear IPIC,

Please excuse my son Jolo anak lelaki Hippo Kutty for being absent from school for the past two days. He had a bad cold and fever.  

Sincerely, Hippo Kutty"

They think just by writing this type of letter, all their problems are solved. 

Actually their problems have already been solved. Once the 5 day cure period is over, the MoF Inc aka the Gomen of Malaysia aka the taxpayers aka you and me will be forking out that RM2.6 BILLION to 1MDB.  Problems solved. Apa susah sangat?

And get this folks, come 31 December 2017 when the next RM2.6 BILLION is also due, we will be doing this again.   

Here is The Thingy about this caper again. I have truncated this :

Bugis Pirate Faces Choppy Waters As 1MDB Farce Runs Out Of Steam

When news of the IPIC settlement broke in April wise heads had predicted Najib would run for an election in July…. before he had to show the colour of 1MDB’s money on 31st of that month.  After that month, things could only get worse.

However, Najib failed to bite the bullet.  
Soundings from polling didn’t give him sufficient confidence
even before that momentous July 14th reconciliation between Mahathir and Anwar 

as predicted, at midday Tuesday the cloak of deception fell from the MOF
leaving him bare for all to see. No payment.

The much ridiculed “units” proved as hollow as everyone sensible had pointed out. 
It didn’t happen.

these “units” were backbone of Malaysia’s fulfilment of obligations over IPIC 

1MDB’s worthless paper IOUs (held by bank now shut down) confirms gloom

the useless fraudsters clinging on to nonsense about ‘rationalisation programmes’ 

Minister of Finance still relying on cashing in fictional assets.  

“units” secured against couple of delapidated drill ships worth scrap

unlikely ‘Saudi Royal’ willing to help Najib with $681m ‘election expenses’.

five days to twist arms in Treasury, Petronas to cough up this huge sum 
Resources frozen across globe

“If Najib can’t pay by today he won’t be able to pay by next week”

consequences over next days will be disastrous.  
Malaysia will go into default 
the ringgit will start to free-fall.

Crumbling Alliances – has China pulled out?

more dangerous news rumbling 
collapse of yet another pillar of Najib’s escape plan 
Xi Xinping pulled out of visit to Malaysia in September

Malaysian PM  have become too much liability, damaged goods 

insiders revealed Geely bid for Proton spluttered to a halt

no one from Geely has been seen around for a considerable time.

My comments : This is worse than the Islamic countries or Muslim societies. This is death by a thousand cuts. A very slow but certain, torturous death. 

That submarine case is just gaining steam in France.
That Switzerland AG will be reopening the case before this year is over.
The US AG is also preparing their 1MDB related case extremely very thoroughly. 

Majlis Tertinggi Bodoh must go and see their boss and tell him to pack his bags and leave now.

Do it now.

Tomorrow will be too late.