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...