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Showing posts from April 26, 2016
FRAUDS IN 1MDB 1.   Finally, all the frauds reported in printed and electronic media are true as admitted by President and 1MDB Executive Director, Arul Kanda Kandasamy. 2.   Arul admitted 1MDB's failure to pay USD 1 billion (RM3.9 bilion) to IPIC (International Petroleum Investment Company - Abu Dhabi) the company that guarantees 1MDB's loan. 3.   According to IPIC, the company's name as Aabar PJS Ltd (British Virgins Islands) that received money from 1MDB is not owned by them even though IPIC have a company with almost similar name, that is, Aabar PJS Ltd. 4.   If 1MDB paid USD 1 billion to a bogus company, there are chances that the company was established with 1MDB knowledge and the money goes into the private account. This is what been thought by everybody all this time and this statement from Arul confirms that. 5.   Arul will try to reverse what he had confessed. It's better for Arul to tell everything, about the sacked auditor, USD 1 billion
DECLARATION OF THE PEOPLE 1.   I was among the first forty people signed Declaration of the People that urged Dato' Sri Najib from being the Prime Minister of Malaysia. 2.   I signed this declaration because all legal avenues to stop him from being a Prime Minister have been closed by him. 3.   Firstly, UMNO is no longer organised as democratic party that gave rights to its members and leaders to choose a leader.  Previously, leader can be reprimand, challenged and contested. Members are free to vote their favorite candidate. Now, this right has been stopped by Najib. Anyone who reprimand him will be stripped of position and revoke his membership and pressured with all kinds of pressure. 4.   Clearly there isn't any hope or chance for UMNO to change its leader and stop Najib's wrongdoings. 5.   The people has  also lost their right to lodge report about Najib's wrongdoing. They will be questioned, arrested, detained and charged in court. Their lawye