Open Letter to the Missing Public Prosecutor

Dear Public Prosecutor

Where in the world are you Sir?

I have a feeling that you are stuck inside Appandi Kandasamy who prefers to be an Attorney General and advice this Government who is now suspected to have won the previous election funded EXCLUSIVELY from Proceeds of Unlawful Activities.

Anyway Mr Public Prosecutor

We've heard so many times about #MalaysianOfficial1 alibis and your immediate reaction towards that "critical piece" of evidence. From what we know so far he was investigated for Corruption and CBT by our enforcement agencies.

All of these cases are CLOSED SHUT now, irrespective of the introduction of new evidence into the Public domain.

Let's start with some Public Domain information...

DATA 1: What is the Actual Status of the Donation Case Investigated by SPRM

"Dalam pada itu, satu kertas siasatan berkaitan kes RM2.6 bilion juga telah dikemukakan ke Peguam Negara pada hari ini. Siasatan membabitkan saksi-saksi di dalam negara telah selesai sepenuhnya. Keterangan daripada pihak yang mendakwa sebagai penderma juga telah diperolehi. Bagaimanapun SPRM masih perlu melengkapkan siasatan berkaitan dokumen dan keterangan melibatkan beberapa institusi kewangan di luar negara. Dokumen dan keterangan ini hanya boleh diambil melalui proses Mutual Legal Assistance (MLA) kerana ia terikat kepada peruntukan undang-undang perbankan negara berkenaan. Proses MLA hanya boleh dikeluarkan dengan persetujuan dan kebenaran Peguam Negara seperti mana diperuntukkan oleh undang-undang antarabangsa. SPRM telah membuat permohonan di bawah MLA kepada Jabatan Peguam Negara bagi mendapatkan dokumen dan keterangan tersebut. "

MACC 31st December 2015 Press Statement (here)

KEY WORDS: PIHAK YANG MENDAKWA SEBAGAI PENDERMA

MACC NEVER CONFIRMS THAT THE PIHAK IS THE PERDERMA

What happen to that Kertas Siasatan?

SURUHANJAYA Pencegahan Rasuah Malaysia (SPRM) mengesahkan telah menerima kembali kertas siasatan berhubung kes SRC International dan dana RM2.6 bilion daripada Jabatan Peguam Negara hari ini. SPRM mengambil maklum arahan daripada Jabatan Peguam Negara yang memerlukan penjelasan lanjut mengenai beberapa cadangan dan tindakan yang telah dikemukakan oleh SPRM sebelum ini. Respons SPRM kepada permintaan Jabatan Peguam Negara akan dikemukakan dalam waktu terdekat.

MACC 18th January 2016 (here)

After a bit of Ping Pong game between  AGC and MACC.....

Appandi had his Oscar Winning Performance on the 26th January 2016

“I am satisfied. Based on statements by the witnesses and supporting documents produced by MACC to me it shows that the fund channelled into the prime minister’s account amounting to USD681 million (RM2.08 billion) is a personal contribution to the PM from the royal family of Saudi Arabia and was given to him without any compensation. “MACC in their investigation found and recorded the statements by the witnesses including the individual who channelled the fund and confirmed that the fund was given to the PM on a personal basis,” said Apandi during a press conference held here today.

He said there was no need for Malaysians to demand for mutual legal assistance from any foreign countries for the purpose of completing the criminal investigation conducted by MACC as no criminal offense had taken place. (here)

Ouch.....

MACC spoke again after getting inputs from the Operation Review Panel

Memandangkan siasatan SPRM berhubung dakwaan wang derma RM2.6 bilion masih belum lengkap, Panel telah mengesyorkan agar SPRM meneruskan siasatannya dan memohon Peguam Negara agar mengeluarkan kebenaran Bantuan Undang-undang Bersama (MLA) bagi SPRM memperoleh bukti dan dokumen-dokumen daripada institusi kewangan di luar negara sebagai sebahagian daripada siasatan ke atas isu RM2.6 bilion.  MACC 24 February 2016

Jom kita gi balik to Pendi punya

He said there was no need for Malaysians to demand for mutual legal assistance from any foreign countries for the purpose of completing the criminal investigation conducted by MACC as no criminal offense had taken place

NO CRIMINAL OFFENSE HAD TAKEN PLACE

Based on what?

Based on this

Based on statements by the witnesses and supporting documents produced by MACC 

Apa la agaknye Supporting Documents from this Benevolent Alab?


Probable Document 1: USD 375,000,000 Blackstone letter

A you may view it (here)

Key words being used are

"shall be remitted to you at such times and in such manner as I deem fit either directly from my personal bank accounts or through my instructed company bank accounts (such as Blackstone Asia Real Estate Partners Limited)."

Probable Document 2: USD 800,000,000 Tanore Letter

QUESTIONS FROM THE RAKYAT:

Can a Disclosure Letter containing the words "MY INSTRUCTED COMPANY BANK ACCOUNTS (SUCH AS BLACKSTONE ASIA REAL ESTATE PARTNERS LIMITED or TANORE FINANCE CORP)" be the HOLY GRAIL OF AUTHENTICATED BENEFICIARY OWNERSHIP DATA?

Did the Letter provide supporting information to prove ownership of the "Such And Such Companies"

Allow me to illustrate another bizzare observation with regards to Beneficiary Ownership Data

I bet you guys remember the Episode when BNM Letter to PAC leaked

In there it said

"Based on the information from the AUTHORITY

(authority responsible for incorporation of companies

who has the register of members) GOODSTAR LTD

IS BENEFICIALLY OWNED BY LOW TAEK JHO

GoodStar is a new entity that we now have HARD DATA to be apart of the Flows into #MalaysianOfficial1

We suspected it before but never had any data.

What BNM said MATCH THE EXACT DATA IN DOJ SUIT

Before we had people selling crappy sekolah tadika bullshit about Bearer Shares Being Movable as a counter to PSI being the legitimate owner of GoodStar...

I wrote this in FB

FACT 2: Was Bearer Shares in Seychelles MOVABLE i.e can it be transferred main bagi kat sapa sapa sahaja

Most Countries HAVE IMMOBILISED BEARER SHARES, some have gone towards total ELIMINATION OF BEARER SHARES

So what is the rule in Seychelles?

"NEW BEARER SHARE TRANSFER REQUIREMENTS

The position prior to the Bearer Share Amendments was that ownership of a bearer share was transferable by mere delivery of the bearer share certificate. The new position under the Bearer Share Amendments is that a bearer share is now transferable by delivery of the share certificate relating to such bearer share and notification of transfer. “Notification of transfer” is effected by delivery to the company’s registered agent in Seychelles of a written notice, signed by the transferor bearer shareholder, stating the name and address of the transferor, the name and address of the transferee and the date on which the certificate relating to the bearer share was delivered to the transferee.

Accordingly, notwithstanding delivery of a bearer share certificate to a new holder, a transfer of ownership of the share shall not be regarded as effective until “notification of transfer” (as defined above) is made to the IBC’s registered agent in Seychelles.

Upon receipt of the bearer share transfer notice, the Company’s registered agent in Seychelles shall cause:

the name and address of the transferee to be entered in the Share Register as the holder of the relevant bearer share;

to be entered in the Share Register, the date on which the transferor ceased to be the holder of the relevant bearer share, which shall be deemed to be the date on which the registered agent received notification of transfer."

http://www.nova-sage.com/Jnews/SEY_20090701_01.htm

When was the RULE EFFECTIVE ?

Law was passed in Parliament 28th April 2009 and became effective via President Assent on 27th May 2009

http://www.offshorebelize.com/…/Seychelles_International_Bu…

FACT 3: GoodStar LTD was incorporated May 18th 2009, bearer share issued on June 2nd 2009 and dissolved on May 2nd 2014 which means that

IT IS IMPOSSIBLE TO CHANGE OWNERSHIP IN GOODSTAR WITHOUT NOTIFYING IBC REGISTERED AGENTS

Hasan Cari Makan masih tak cukup Makan

Giler slow lu doe....Tony sampai cabut lari

Tabulebela Tabulebela

Anyway all of these Companies now form part of the flow into #MalaysianOfficial1 account according to the Yahudi Laknatullah Some Short Black Momma wanting to GET BACK USD 1 BILLION FOR THE RAKYAT. 

According to her Yaknatullah Agenda of wanting to obliterate the Malays from their Tanah Tumpah Darah Ku.... it kinda look like this...

Pendi KandaSamy masih berfikir nak buat Watching Brief pulak 

Dulu ye la orang panggil Yang Arif

Macam tak berapa Arif aje.

Dia punya level bab Arif Arif ni semua ajaib tahap gaban 

Recall this FAQ on AGC Official Website 

Source (here)

WHO IS THIS SAYA? 

MENTAL CASE KE

YOU ARE SAYING "SAYA PASTI TIDAK PADA BILA BILA MASA MALAYSIAN OFFICIAL 1 MENGETAHUI USUL SEBENAR DANA YANG DIPINDAHKAN KE DALAM AKAUNNYA"

THE RECIPIENT WHO IS THE MINISTER OF FINANCE OF MALAYSIA DOES NOT KNOW THE ASAL USUL SEBENAR DANA? 

HOLY FUCKING SHIT

EPIC Doe...

Anyway according to this Powderful Saya from JABATAN PEGUAM NEGERA EVEN MALAYSIAN OFFICIAL 1 DOESN'T KNOW

How is it that you are so sure about these Alab Letters? 

You wanna know something....if you had GRANTED MACC Mutual Legal Assistance

Lu budget dia balik tail in between their legs tak jumpa satu benda 

Atau dia akan dapat EXACT MONEY FLOW AND BENEFICIARY OWNERSHIP DATA AS PER DOJ SUIT?

Which one Yg Bekas Arif? 

Or is it Yang Kurang Arif sekarang...

Anyway lets go back to what the MACC OPERATION PANEL SAID AFTER YOU DENIED THEIR REQUEST....

Memandangkan siasatan SPRM berhubung dakwaan wang derma RM2.6 bilion masih belum lengkap, Panel telah mengesyorkan agar SPRM meneruskan siasatannya dan memohon Peguam Negara agar mengeluarkan kebenaran Bantuan Undang-undang Bersama (MLA) bagi SPRM memperoleh bukti dan dokumen-dokumen daripada institusi kewangan di luar negara sebagai sebahagian daripada siasatan ke atas isu RM2.6 bilion.  MACC 24 February 2016

MASIH BELUM LENGKAP

MEMOHON MENGELUARKAN KEBENARAN MLA

Do you want to face another Judicial Review? 

Brani Pendi?

I really wanna see you FIGHT THIS ONE OUT

You are really strange to me dude

Masa BNM mintak buat Criminal Charge lu jawap 

The officials of 1MDB at all material times i.e. during the process of obtaining the permissions had complied with the directions given, hence the permissions/approvals granted. Until and unless it can be shown that the officials had deliberately or knew or even recklessly provided information that were false in material particulars, they had committed no offense under this act

The Bank Negara Malaysia however vide a letter dated 1 October 2015 requested for a review of the decision citing omission on the part of 1MDB i.e. non-disclosure of certain information. As far as omission is concerned, there is no obligation to inform unless requested. In this respect and the fact that there is no new evidence made available, we do not see the necessity to review.

ATTORNEY GENERAL’S CHAMBERS MALAYSIA13 OCTOBER 2015

(here)

Sekarang DOJ cakap benda sama: 

Guano Yang Tok Brapo Arif? 

Demo nok gi holiday Amareka ko? 

Tok soh la weh...

Gini gini gini..

Recall how I started the post....

From what we know so far he was investigated for Corruption and CBT by our enforcement agencies.

Was he ever been investigated under our very own equivalent of the DOJ Approach? 

HE IS THE MINISTER IN CHARGE OF THIS ACT......

Elok la tu...

Let us look into the Act...

Lets start with some key component of benda benda gua nak merepek ni

5 X THE SUM OF VALUE OF PROCEEDS OR 5 Million WHICH EVER IS HIGHER...

Mak Oi....tercirit nak bayar

But what would be the key initial steps as they go into Investigation Mode....

The Super Cool Seizure Move...

What can we sieze?

MalaysianOfficial1 Accounts and ALL RECIPIENTS Including what ever ASSETS THEY HAVE ACQUIRED WITH IT.

Well he once said that All this was for the Party....

Don't listen to me ya...better you watch for yourselves to understand how deep in Twilight Zone we are



So Ahli Ahli yang  seParty dengan Malaysian Official 1

Cuba angkat tangan sapa pernah jumpa Alab ni?

Surat pun sebut Sebillion Lebih  (800 + 375)....macho doe

Gua nak bagi lu banyak ni tak tahu bila ikut gua ...nak pakai account mana pun tak sure lagi mungkin pakai co Such and Such...i lurve u mate...mua muah..

Benda macam ni ke Yang Tak Berapa Arif sedang pegang sebagai BUKTI

So Yang Tak Berapa Arif

Apakah permohonan MACC terkait MLA akan diluluskan?

Takkan Yang Tak Arif Nak IMPEDE THE COMPLETION OF MACC INVESTIGATION...

Ke nak kena bukak kes baru pulak under AMLA?

Anyway saya rasa lebih baik sekiranya kita sieze DULU semua HARTA BENDA MALAYSIAN OFFICIAL 1 DAN KELUARGA JUGA AHLI2 PARTY YG TERKAIT.

LOCK DOWN.....

Sampai bila?

Lepas tu kalu kalah CASE pun boleh pengang lagi....sempoi

And it's only A CIVIL PROCEEDINGS punya standard aja...

Yang Account2 terbabit pun kita patut sieze....

Mana tau boleh pancing Pak Alab yang Budiman......Bet you all the UMNO Folks will line up to thank his generous contribution to the Party....

Ahli Ahli Party Malaysian Official 1

Bangun la kamu di pagi hari dan Berdoalah Kepada Yang Maha Esa

Agar Pak Alab yang Budiman Ini Akan Tampil

Nama Presiden Parti Kamu Sudah TerCemar

Beliau Harus Bangun Menentang Fitnah Yahudi Laknatullah


Back to you Mr Missing Public Prosecutor....

Takkan la lu taknak ambik precautionary measures?

Auditor dah cabut lari cakap kat NOONE CAN RELY ON OUR ACCOUNTS ANYMORE

That's...how REAL THIS SHIT IS...

IPIC Dispute satu hal lagi USD 6.5 Billion....kalu kalah (with 99.99% probability) kena bayar pastu Investments "Cayman Units dan GIL Investments" hangus...

Our own Auditor General says USD 7.0 Billions Unaccounted For.

We have the Swiss putting the numbers at USD 4 Billions..Singapore some other numbers gua pun dah lupa...

Kat US Sebillion....

Giler mental doe..

Nak Kebil kebil lagi..

Mr Missing Public Prosecutor...

Tak payah takut kat dia...cakap ni precautionary measure aja sebab DOJ dah masuk Suit...kat dalam tu dia sebut Malaysia Official 1 menerima PROCEEDS....

Jadi itu sudah JADI BARANG WAJIB UNTUK DI SIASAT BUKAN UNTUK BUAT WATCHING BRIEF APEKELANCAU

Ok folks....sudah pukul 430 pagi...

I'm beat....

I hope he answers....

The Illogical Kandasamy Strikes Again: The Non Machai Guide for Bandar Malaysia

WARNING THIS POST IS NOT SAFE FOR MACHAIS

After a few clarification...Malaysia's No 1 Value Extractor still could not get it right.

Further Clarification on Bandar Malaysia Equity Sale1MDB notes that certain questions, queries and concerns have been raised by various parties over the recently announced sale of 60% equity in the Bandar Malaysia project, to the consortium comprising Iskandar Waterfront Holdings (IWH) and China Railway Engineering Corporation (CREC) ("Consortium").
We provide below a detailed explanation, which we trust will conclusively dispel the half-truths and misleading statements made by various irresponsible parties. 
1. Bandar Malaysia Sale - Current Proposed Deal StructureThe Sg Besi land is currently owned by TRX City Sdn Bhd (formerly 1MDB Real Estate Sdn Bhd) and Bandar Malaysia Sdn Bhd. TRX City Sdn Bhd owns 4 (four) plots and Bandar Malaysia Sdn Bhd owns 12 (twelve) plots which collectively make up the acreage of the project.  Both companies are ultimately owned 100% by 1MDB. The current proposed deal structure, is for a New SPV 1 to be formed, that will directly purchase the land (or indirectly purchase, for example through a New SPV 2 or through purchase of equity in Bandar Malaysia Sdn Bhd). New SPV 1 will ultimately own all 16 plots of the Sg Besi land and develop the Bandar Malaysia project.
New SPV 1 will be owned 40% by 1MDB or Minister of Finance Incorporated (MoF Inc) and 60% by the IWH-CREC Consortium.
The Consortium shareholding is 40% CREC and and 60% IWH.
IWH shareholding is 40% Kumpulan Prasarana Rakyat Johor (KPRJ – Johor State Govt) and 60% Credence Resources (Tan Sri Dato’ Lim Kang Hoo).
So, given the above shareholdings of the various parties the ultimate New SPV1 ownership can be described in the following ways:
A. 40% 1MDB or MOF Inc (should the shares be transferred), 36% IWH and 24% CREC. The ultimate project ownership therefore is 76% Malaysian and 24% Chinese.
OR, in the alternative:
B. 40% 1MDB or MOF Inc (should the shares be transferred), 22% Credence Resources, 14% KPRJ and 24% CREC. The ultimate project ownership is therefore 54% Government and 46% private sector (Government: Federal 40% via 1MDB/MOF Inc and State 14% via KPRJ. Private sector: 22% Credence Resources and 24% CREC).
2. Difference in announced values RM7.41 billion (1MDB) vs RM5.3 billion (CREC)In essence, 1MDB are selling land, which is what we own. However, there are two liabilities indirectly linked to the land i.e.:
A. Remainder costs to complete relocation of Pangkalan Udara KL (PUKL Relocation)

• The main relocation contract and development agreement was executed between 1MDB and the Government of Malaysia for a contract value of approximately RM2.7 billion. This cost includes, amongst others, new land acquisition costs, construction costs, fit out/equipment costs and relocation costs.

• 1MDB in turn, contracted to what was then named 1MDB Real Estate Sdn Bhd (now renamed TRX City Sdn Bhd) for certain construction aspects of the PUKL Relocation. TRX City Sdn Bhd in turn, then contracted Perbadanan Perwira Hartanah Malaysia (PPHM, which is a 100% subsidiary of Lembaga Tabung Angkatan Tentera) as a Turn Key contractor to deliver the construction aspects of the PUKL Relocation.

• PPHM has, in turn, appointed over 50 qualified Bumiputra contractors as sub-contractors to deliver various aspects of the construction. The remaining construction costs plus variation orders plus other costs of the PUKL Relocation are currently estimated at up to RM1.9 billion.

• It is important to highlight that PPHM as the Turn Key contractor and the over 50 Bumiputra subcontractors will continue to remain as the designated contractors and will continue to perform their roles exclusively, regardless of the final deal structure.

• These contractors have been approved by the relevant authorities and construction is supervised by relevant officials from the Ministry of Defence and Ministry of Home Affairs. As the construction will continue to be carried out by the current approved contractors, there is therefore no question of any impact on national security through the sale by 1MDB of its 60% interest in the Bandar Malaysia project.

B. The Bandar Malaysia Sukuk (Sukuk) – this debt is at Bandar Malaysia Sdn. Bhd. (Nominal Value RM2.4 billion at maturity, accrued value approximately RM1.63 billion at 31 December 2015)
3. Final Purchase Consideration DeterminationTo determine the final purchase consideration to be received by 1MDB, the starting point, as agreed in the Share Sale and Purchase Agreement (SSA) executed between 1MDB and the Consortium, is 100% of the land value = RM12.35 billion.

• For its 60% share, the Consortium has agreed to pay RM7.41 billion (Purchase Consideration), of which a 10% deposit of RM741 million is payable upon execution of the SSA.

• Whilst it is the intention of 1MDB and the Consortium to transfer the remainder PUKL Relocation construction costs and the Sukuk debt to the New SPV 1 (which will be owned 40% by 1MDB/MOF Inc and 60% by Consortium), the transfer will require:

1. determination and agreement between the parties of the final costs for the PUKL Relocation and the Sukuk and;

1. all relevant consents, including but not limited to, from the Government of Malaysia, the contractor (PPHM) and sukuk investors.

• Should 1MDB and the Consortium agree on the costs and manage to procure the consents, then the Consortium will pay its 60% share of the costs and the Purchase Consideration will be adjusted accordingly, i.e. RM12.35 billion Land Value less RM1.9 billion PUKL Relocation Costs less RM1.63 billion Sukuk Costs = RM8.8 billion of which 60% Consortium share is RM5.3 billion.

• However, if the costs cannot be agreed or the consents cannot be procured, then the Purchase Consideration of RM7.41 billion will be paid in full to 1MDB, who will still be responsible for the costs.

• In either scenario above, the Purchase Consideration of RM7.41 billion to 1MDB does not change, the only difference is whether 1MDB receives the amount in full, then pays for the costs OR whether the Consortium pays for its share of the costs and remits the balance of RM5.3 billion to 1MDB.

Where should we start folks?

How about this

"We provide below a detailed explanation, which we trust will conclusively dispel the half-truths and misleading statements made by various irresponsible parties. "

Holy Shiite!!

Half Truths and Misleading Statements...

Dey Kandasamy

Lu punya Press Statement yg Teramat Misleading doe

Anyway as usual with my Public Interest Posting...we shall DEAL ONLY with VALIDATED DATA

Not some opinion from Half Baked "Experts" on Facebook.

Lets go back to the very start of this mess.

Drum roll please..........

A long long time ago ...

In a Galaxy not to far away...

Chapter 1: The Iron River Mystery : 12 Vs 16 Plot of Land

What 1MDB said:

"The Sg Besi land is currently owned by TRX City Sdn Bhd (formerly 1MDB Real Estate Sdn Bhd) and Bandar Malaysia Sdn Bhd. TRX City Sdn Bhd owns 4 (four) plots and Bandar Malaysia Sdn Bhd owns 12 (twelve) plots which collectively make up the acreage of the project."

Data in 1MDB Annual Report

Recall the Magic Table



0.4 Billion Cost for Bandar Malaysia

So what happened to the 12 Plots after being transferred to 1MDBRE

The 12 Plots of Land went from 363Million (1MDB) to 650Million (1MDBRE) to 4.2Billion (BMSB)

Excellent Value Creation there mate!!!!!

Anyway I have not found any reference at all about the remaining 4 Plots held by 1MDBRE

Please let me know which page of the annual report says that there is actually 16 Plots of Sg Besi Land.

UPDATE 12/01 Found 3 1 still unaccounted for

CHAPTER 2: WHO's LIABILITY IS IT? 

We now need to study what they meant when they said "The Acquisition is not complete pending the execution certain other related agreements" above

What agreement are these?



These agreements later became Collaterals for the 2.4Billion Sukuk issued by BMSB



Let us now go back to what they said

"2. Difference in announced values RM7.41 billion (1MDB) vs RM5.3 billion (CREC)In essence, 1MDB are selling land, which is what we own. However, there are two liabilities indirectly linked to the land i.e.:A. Remainder costs to complete relocation of Pangkalan Udara KL (PUKL Relocation)

• The main relocation contract and development agreement was executed between 1MDB and the Government of Malaysia for a contract value of approximately RM2.7 billion. This cost includes, amongst others, new land acquisition costs, construction costs, fit out/equipment costs and relocation costs.

• 1MDB in turn, contracted to what was then named 1MDB Real Estate Sdn Bhd (now renamed TRX City Sdn Bhd) for certain construction aspects of the PUKL Relocation. TRX City Sdn Bhd in turn, then contracted Perbadanan Perwira Hartanah Malaysia (PPHM, which is a 100% subsidiary of Lembaga Tabung Angkatan Tentera) as a Turn Key contractor to deliver the construction aspects of the PUKL Relocation.

2 Liabilities indirectly linked to the Land????

Only problem is that these are not BMSB Liabilities

These are 1MDB's and 1MDBRE's

And following their standard Ali Baba SOP they contracted Perbadanan Perwira Hartanah to undertake the Construction Cost




We now need to look back at CREC Announcement



ANY MENTION OF SPV 1 or SPV 2 ?

THE ONLY THING MENTIONED IS BMSB

It even said the they have ENTERED INTO A SHARE SALE AGREEMENT WITH 1MDBRE TO PURCHASE BMSB

Machais2 still following me here ...ke dah garu kepala kata gua tengah kencing lu semua

Anyway we now go to the other part where 1MDB said that it require "all relevant consents, including but not limited to, from the Government of Malaysia, the contractor (PPHM) and sukuk investors."

Why is that?

Recall the Bandar Malaysia 2.4Billion Sukuk

Nak Jual BMSB must get BondHolders Approval

Jual Tanah Sg Besi duit musti buat bayar hutang dulu...

The above is from their annual report.....look at (e) it says 5 Development Agreements.

I have another data from the Principal Terms and Condition of the Sukuk which says 8 Development Agreements as per the picture above on the Relocation Agreements.....wallahwualam sapa yg betul

But there's one particular positive covenant to the Sukuk Issuance which 1MDB will /or has breached with the sale of BMSB

















SUMMARY

1. CREC entered into S&P to purchase BMSB from 1MDB RE
2. 1MDB says CREC will buy either SPV 1 or SPV 2 or whatever shit they will cook up in the next 24hours
3. 1MDB talks about Relocation Cost Liabilities attached to the Land but CREC is buying the Equity in BMSB and all liabilities is NOT with BMSB but is with 1MDBRE or 1MDB
4. SUKUK Holders can BLOCK this TRANSACTION using all the terms embedded in the Sukuk Agreement.
5. What is this 4 Additional Plot of land that 1MDB is talking about? All References in the Annua Report points to 12 Plot of Land. Is 1MDB trying to inject TRX land into the Deal? Or Did 1MDB break up the original plots being transfered by GOM to 1MDB? (refer update above, 3 additional lots was identified, 1 is still an unknown)

UPDATE 2034 HRS : BMSB Summary Accounts on Liabilities Values attached to BMSB

The Idiot Guide to the Illogical Kandasamies of 1MDB

Ladies and Gentlemen

A word of caution before you read this post.

We the Public can only refer to data in the Public Domain. 1MDB on the other hand knows what data they have and what data was compromised by Petro Saudi. On the other side we have Claire Brown of Sarawak Report who has a set of document and will release them after she pancing 1MDB. While all of these is happening 1MDB also shares confidential information to parties who are not part of the investigation but is working for them to improve their so called "communication strategy".

And the output can be seen from how "professional" their recent responses to all queries regarding the company.

GLC bawah telunjuk BooGees beb....carpet merah..

Tapi sayang bunyi dah jadi macam AhBeng naik EVO.

Anyway let us examine the introduction of a new set of data into the Public Domain.

1MDB's Reply to Sarawak Report Allegations1MDB has been made aware of an article, dated 10 October 2015, that has been published in the Sarawak Report, an online blog currently banned in Malaysia. This article has published selectively extracted materials and contains serious and unfounded allegations, in a clear attempt to manipulate readers with respect to events that have previously taken place at 1MDB.

1. 1MDB-Petrosaudi
The fund units, owned by 1MDB subsidiary Brazen Sky Limited, were originally valued at US$2.318 billion in September 2012, as the eventual outcome of various equity and murabaha loan investments totalling US$1.83 billion by 1MDB with PetroSaudi between 2009 and 2011. Over the investment horizon, 1MDB has received and reflected in its audited financial statements, cash returns, i.e. approximately US$81 million murabaha profit, and approximately US$263 million dividends from fund unit investments, i.e. a total cash return of approximately US$346 million and a total gain over time of US$488 million (US$2.318 billion less US$1.83 billion).

2. Fund Unit Redemptions
As of 31 March 2014, the fund units were valued at US$2.33 billion.  On 5 November 2014, at the time 1MDB's financial statements for the year ended 31 March 2014 were published,  an amount of approximately US$1.22 billion had been redeemed, in cash, with proceeds being substantially utilised for debt interest payment, working capital and payments to Aabar as refundable deposits for options termination.
A sum of approximately US$1.11 billion in fund units remained, which together with a dividend of approximately US$130 million, equates to the remainder sum of US$1.23 billion described in the notes to 1MDB's accounts.
On 14 and 24 November 2014, approximately US$170 million of the US$1.11 billion fund units were redeemed, in cash, leaving a balance of approximately US$940 million in fund units. On 2 January 2015, i.e. prior to Arul Kanda joining 1MDB, a final redemption of approximately US$940 million was undertaken through a sale of fund units to Aabar, with cash payment being deferred. (Note: Aabar was separately a guarantor of the fund in which the units were invested but by mutual agreement, the redemption was via sale of fund units instead of calling on the guarantee. This fund unit sale agreement was subsequently superceded via the Binding Term Sheet signed between 1MDB and IPIC, the "AA" rated parent of Aabar, on 27 May 2015, upon which a payment of US$1 billion was made by IPIC to 1MDB.)

3. 1MDB President and Group Executive Director Arul Kanda's comment
Whilst Sarawak Report has published a number of alleged 1MDB related documents in the past, which we now know to be stolen and possibly doctored goods, sourced from a convicted criminal, I can confirm that – in this particular case – it appears to have published an authentic 1MDB document, namely minutes of a 12 January 2015 Board meeting. This was the first 1MDB Board meeting I attended, i.e. a week after I joined the company on 5 January 2015.

At the meeting, I stated to the Board, based on my understanding of events that occurred before my time, that the redemption of fund units happened in cash for an amount of US$940 million. However, upon further investigation and verification, it became clear that this was a misunderstanding, which I then clarified to the Board and our shareholder, the Ministry of Finance. This clarification is clearly recorded in subsequent Board minutes and can be verified.

On 13 January 2015, I confirmed via a press statement that the remaining amount of US$1.11 billion had been redeemed, in full. What was unfortunately not made clear, was that the redemptions happened partly in cash and partly through the sale of fund units, with cash payment being deferred. It is this important distinction which caused a misinterpretation of my statement, first during a Business Times interview on 9 February 2015 and subsequently by the Ministry of Finance, in a Parliamentary answer on 12 March 2015.

I have explained in detail the sequence of events to the National Audit Department and to 1MDB's auditors, Deloitte, as part of their thorough and professional review of 1MDB's past transactions. In addition, I have openly and publicly taken full responsibility in June 2015 for the misunderstanding on this matter – i.e. the buck stops with me.
In my capacity as President, I answer to the Board and the shareholder of 1MDB. My strong track record speaks for itself and my only professional agenda is to fix the challenges in 1MDB. There is no need for me to lie or cover-up what has happened in the past, as has been alleged by those who make sensationalist claims to drive their own political agenda. Accordingly, I look forward to being questioned in detail on this matter at the upcoming Public Accounts Committee hearings and for my answers to be a part of the public record, to conclusively put this matter to rest. (here)

Yes Arul

We know that you only joined 1MDB after the "redemption" was done.

And yes we also know that your track record speaks for itself....

Wonder when the MOF was informed of your "further investigation and verification"

For 127 Days the whole world was mislead to think that it was actually CASH

Warkah buat Ahli UMNO: The One Step Guide on How to Remove PahlaWANG BooGees and HUsNit Ulam Jawa

As some of you may be aware...

I'm no longer on FaceBook, I lost control over my account on the 12th of August 2015 while trying to teach some people on how to write with proper data....

When I wrote the short status saying that the fixing was done at levels closer to the peg, LSS as usual come over with to comment....this time around a Cinabeng I can't remember his name also tagged along with LSS...must be part of his groupie accusing me of "word play"

LSS edited his post to reflect my comment...even asked me if I was happy

Dude like I give a shit....it's your post do what ever you like with it.

Truth is the comment is Not about Word Play at all

Tun M is not as stupid as BooGees to expropriate 1.08 ringgit from all the holder of USD who wanted to covert to MYR. 

I was trying to respond to the tag along Cinabeng....then suddenly...I lost total control over my account. (Hope Cinabeng is reading this....the vely the difelen Engrish meaning mah..thiouuu)

Pendek cerita

My account has been reported for breach of FB Terms and Condition for being an Anonymous.

They no longer welcome Anons.....

Apalah salah saya..

Anyway folks frankly I don't really give a shit about being "Viral" on Social Media or having many frens and followers...

FYI I've created a new account purely for monitoring purposes. Pi la search sekarang saya sunyi sepi takde kawan doe....

Folks today is not about that actually

Today is where I'm in MY OWN DOMAIN

NO ONE CAN SHUT ME UP HERE TECHNICALLY

So here goes...

Just Asking: Conversations with the UNVERIFIED UNOFFICIAL Spokesperson of #1MDB

As expected Lim Sian See has responded but in draft mode

Source (here)

 He provided a preview to the post after I posted link here (note link token expired)

UPDATE 1539HRS LSS has published the post here

As I mentioned in my previous post

Do let me know if I've missed anything or if you have supporting documents that could add more granularity to the transactions mentioned above.

Since LSS has responded in "draft mode" I'm unable to copy paste the contents of his post over, only way is to for screen print so bear with me folks 

Let us start with his explanation on the 700Million USD Loan provided by PSI to JV Co 

Let us go back into February, when I first send that tweet out, I drop by one of your post asking a rather similar question