1MDB IPO

[greengiraffe]

V juicy Najibgate coming...

Akan Datang...

1MDB issue is turning more and more ugly...

1MDB special task force freezes 6 bank accounts

KUALA LUMPUR (July 7): The special task force investigating the alleged transfer of billions of ringgit into the personal accounts of the prime minister has frozen six bank accounts in their probe so far.

Attorney-General Tan Sri Abdul Gani Patail, Bank Negara governor Tan Sri Zeti Akhtar Aziz, Inspector General of Police Tan Sri Khalid Abu Bakar and MACC chief commissioner Tan Sri Abu Kassim Mohamed said in a joint statement that the taskforce also seized documents linked to 17 bank accounts at two banks for further investigation.

"The order to freeze the six accounts was made on Monday," the statement read.
...
http://www.theedgemarkets.com/sg/article...k-accounts

WSJ puts documents online showing money trail to Najib’s accounts

SINGAPORE (July 7): The Wall Street Journal (WSJ), which broke the news about US$700 million ($950 million) of funds going to private bank accounts of Prime Minister Datuk Seri Najib Razak, has now posted documents online that detail the money trail.

These documents include a remittance application form, a cash deposit authorisation letter and charts outlining the flow of money.

Some numbers, however, have been blanked out in the documents.
...
http://www.theedgemarkets.com/sg/article...s-accounts

[opmi]

Is the money from Jho Low? Or there is another gravy train?

[greengiraffe]

Halim Saad of Renong

https://en.wikipedia.org/wiki/Halim_Saad

Tajudin Ramli of TRI and MAS

https://ms.wikipedia.org/wiki/Tajudin_Ramli

Syed Mokhtar of MMC
https://en.wikipedia.org/wiki/Syed_Mokhtar_Al-Bukhary

Jho Low
http://www.jynwelcapital.com/about-us/ou...jho-low/#1

All these poster boys of Msian corporate since the famous infrastracture led economic model initiated by Dr M starting from North-South Expressway in the 80s...

Msia economic and political model has been stucked and unchanged since then.

Its all about $ and politics... RM used to be fetching $0.70 per Sing and now less than $0.40 over 30 years....

This is the result of Wawasan 2020:
https://en.wikipedia.org/wiki/Wawasan_2020

[opmi]

"Its all about $ and politics... RM used to be fetching $0.70 per Sing and now less than $0.40 over 30 years...."

Used to be S$1 for MYR 1. If I remember correctly.

[sgd]

all of them have skeletons in closets lah even DR M this is the bond they have it's like everybody have nuclear weapons nobody has an edge over the other.

What DR M doesn't have today is his premier ship to hide behind influential he may be but - najib has that. Whatever DR M and his cronies playing better be careful.

because what the ex-dpm anwar went thru teaches us is as long as you don't have the power in your hand don't even try it even when you are the next in line things can change suddenly, leaders by definition are always jealous and will do anything to consolidate their power, commandos and storm troopers can suddenly bang down the door one night next morning news papers start accusing and the weeks that follow nation wide "purge of dissidents"

[Caelitus]

"Its all about $ and politics... RM used to be fetching $0.70 per Sing and now less than $0.40 over 30 years...."

Used to be S$1 for MYR 1. If I remember correctly.

MYR was 1:1 with SGD until they left the currency union in 1973. In 40 years, it has gone down to this. Even with the EPF touted returns for their citizens, what an erosion of spending power!

[opmi]

a good example of mature & tested democracy in Asia is Sri Lanka. The ex-president (with family members that controlled army + finance ministry) was voted out while the country did not go into chaos.

Msia, no eyes see. Whole day shoot themselves in the foot. Or cronyism/corruption warped policy decisions.

[greengiraffe]

Dr M started with North-South Highway in late 80s and saw his match when Soros stalled him. His frontman is Halim Saad of Renong Group which is the predecessor of large track of land in Gelah Patah now known as Iskandar which is facing implosion due to massive oversupply.

https://en.wikipedia.org/wiki/Abdullah_Ahmad_Badawi - he is probably the smartest as he quietly go about his own game until Dr M lifted Najib to where he is today...

Najib adopted the same model that has been so successful with politicians in Msia since Dr M and the following is a good summary of the scandal so far...

http://www.straitstimes.com/asia/se-asia...llegations

[EnSabahNur]

The Home Ministry last Friday suspended the publishing permits of The Edge Weekly and The Edge Financial Daily for three months starting today. A ministry letter stated that the newspapers’ coverage of 1MDB was “prejudicial or likely to be prejudicial to public order, security or likely to alarm public opinion or is likely to be prejudicial to public and national interest”.

http://www.todayonline.com/world/asia/kl...inaccurate

[greengiraffe]

World order has changed... even ISIS can leverage on the internet to the fullest. The only way of control is via the Chinese or North Korean style...

The Home Ministry last Friday suspended the publishing permits of The Edge Weekly and The Edge Financial Daily for three months starting today. A ministry letter stated that the newspapers’ coverage of 1MDB was “prejudicial or likely to be prejudicial to public order, security or likely to alarm public opinion or is likely to be prejudicial to public and national interest”.

http://www.todayonline.com/world/asia/kl...inaccurate