Some people used 1MDB as their ATM...

“Mein Gott! Wir sind tief in der Scheiße!” (Oh, my God. We are in deep shit)

Raub MP Ariff Sabri Abdul Aziz ventures, in his latest blog posting, that’s what Deutsche Bank is probably thinking at after having led a consortium of five other banks to lend USD975 million to 1Malaysia Development Berhad (1MDB).

He notes that Deutsche Bank is seeking clarification from 1MDB after discovering that the securitization documentation for the loan was incomplete and, as procedures hold, has to recall the loan which was not due for settlement for another four months. “It appears that some people used 1MDB as their ATM.”

“Vatt ist der meaning zeeking un glarifikazion?” asks Ariff Sabri. “If they pull out their money now, 1MDB will be kaput (finished).”

Ariff has several questions regarding the clarification that Deutsche Bank wants from 1MDB.

“Does that mean the USD1.03 billion collateral was no longer there?  If it was there in the first place, who took it out? If it was not there in the first place, how did the lead bank approve the loan without or little security?”

He does not rule out collusion of certain parties in the banks which approved the loan or at BSI Singapore where the security was purportedly kept in cash. The news in the market, he says, is that the first couple are friends of the wife of the owner of the BSI Bank in Singapore. “So loan conditions may have become more flexible?”

In Parliament, Ariff recalls, Najib told MPs with a solemn face that the security was in Singapore in the form of cash. “Obviously, we had no reason not to believe the declarations from this Bugis person. Besides, Najib spoke in Parliament of all places.”

He tells his readers to judge for themselves whether Najib’s answers in Parliament came from a Finance Minister.

Ariff praises Najib’s brother, CIMB Group Chairman Nazir Razak, as sensible for urging the 1Malaysia Development Board to accept responsibility and step down and international auditors to be appointed. Nazir yesterday described the board as irresponsible for not doing anything to address public concerns on the affairs of the company.

“The Public Accounts Committee must be brave enough to see Bank Negara to get the 1MDB Board to be accountable,” Ariff says.

He argues against forgiving anybody on the 1MDB scandal just because they are Malays. “There are many Malays who are sincere and good,” he says. “If the 3.2 million Malays who are Umno members fall, there are 15 million other Malays to take their place.

“It’s a fact that 1MDB is truly in a mess, reduced to stripping assets that include those that could have generated future revenues and raiding the coffers of the GLCs. And Najib is looking for after-the-fact excuses to explain anything and everything.”  - Dato' Mohd.Ariff Sabri bin Hj. Abdul Aziz@sakmongkol ak47

Achtung! Unser Land ist volbracht!- Awas! Negara kita Hancur...

Mengikut lapuran, 6 bank yang sedang runsing menuntut 1MDB membayar pinjaman RM3.6 billion 4 bulan lebih awal. Jika mereka menuntut duit mereka sekarang, ertinya, bank2 ini yang di pimpin oleh Deutsche Bank AG yakin bahawa 1MDB akan kaput.

Bank German, maka saya gunakan istilah kaput. Mati. 

DS Nazir Razak, anak Tun Razak yang paling sensible sekali menyatakan bahawa tindakan yang paling bertanggung jawab yang patut dilakukan oleh lembaga pengarah dan beberapa eksekutif 1MDB ialah meletak jawatan. Kemudian biarkan suatu pasukan audit bebas membedah 1MDB.

Deutsche Bank dan Nazir Razak adalah pakar dalam bidang kewangan. Eloklah kita dengar cakap mereka yang pakar. Saya hanya tahu guna atm card dari atm machine bank.

Setengah orang menjadikan 1MDB atm machine mereka!

Janganlah kita memaafkan mereka hanya kerana mereka Melayu. Ramai lagi Melayu yang jujur dan baik. Buang Melayu jenis ini, ramai lagi Melayu ada. Jika semua 3.2 juta melayu UMNO terjun longkang, ada 15 juta Melayu lain boleh ambil tempat mereka.

Deutsche Bank mencari pencerahan mengenai cagaran yang diberikan kepada nya oleh 1MDB. Cagaran tersebut ialah deposit sebanyak USD1.03 billion dalam bank BSI. 

Apa maksud mencari klarifikasi dan pencerahan? Vatt ist der meaning zeeking un glarifikazion? 

Adakah sekuriti itu tidak ada sebetulnya? Duit sebanyak itu tidak ada? Tak de wang tunai USD1.03 billion? Sudah dibawa lari? Dicuri toyol belaan? Atau telah dikeluarkan oleh sesiapa?

Soalan yang paling popular di Malaysia sekarang ialah siapa yang mengarah duit itu dikeluarkan? Siapa yang mengarah yang mengarah itu?

Atau nilai USD1.03 billion tidak bernilai demikian? Ada berapa? USD500 million?

Jika (1) tidak ada tunai USD1.03 billion atau (2) nilai < USD1.03 billion, bagaimana Deutsche Bank luluskan RM3.6 bilion dan apakah bukti dari BSI yang diguna oleh 1MDB itu tulin atau palsu?

Dalam pasaran sekarang ada pula cerita bahawa pasangan pertama Malaysia  adalah kawan baik kepada pemilik dan isteri bank BSI. Jadi mereka bisik2 kepada pemilik BSI minta bantuan tolong dapatkan pinjaman sindikated tanpa syarat yang ketat.  Syarat longgar itu bagaimana bentuk nya? Selonggar mana pula?

Tapi dalam parlimen PM sebagai MK telah memberi jawapan bertulis duit sebanyak USD1.03 billion itu ada dalam BSI. Kita tidak ada sebab untuk tidak mempercayai deklarasi keturunan Bugis ini. Mesti dia bercakap benar. Dalam parlimen  pulak itu. 

Tapi bagaimana Deutsche Bank AG sebagai ketua bank tidak verify sama ada dokumen yang dikemukakan itu tulin dan sempurna? Tidakkah ini bermakna terdapat kolusi antara orang dalam Deutsche Bank AG dengan orang dalam BSI? 

Jika 1MDB bungkus, adakah ini akan menyebabkan cross default dengan peminjam2 lain yakni mengakibatkan peminjam lain pun menuntut perlupusan pinjaman oleh 1MDB?  1MDB ada cukup wang kah untuk membayar pinjaman ini?

Dengan pembelian asset2 1MDB oleh ejensi2 kerajaan yang lain dengan kadar segera dan tersembunyi, menunjukkan bahawa 1MDB sudah habis punca nak bayar. 

Penjualan asset milik 1MDB yang dibelinya semenjak 2009 sehinga sekarang, jika perlu dijual bererti plan pelaburan yang memulakan 1MDB tidak berjaya dan tidaklah mantap. Maka semua cakap2 bahawa plan pelaburan 1MDB mantap dan stratejik semua nya kelentongan kerajaan.

Asset yang mendatangkan hasil hanyalah IPP yang dibeli. Tapi nyata revenue dari IPP tidak cukup. Pelaburan lain semua lambat hasil.

Sebab itu kita lihat 1MDB sekarang sedang sibuk membuat asset stripping. Jual apa yang boleh termasuklah memaksa TNB yang sekarang sedang beroperasi dengan reseb lebihan kuasa 55% membeli IPP yang dimiliki oleh 1MDB.

Dan adakah strateji itu bagus- iaitu menjual asset yang generate revenue semasa untuk 1MDB? Kalau tidak ada IPP ini, apakah sumber pendapatan semasa 1MDB?

Pemajuan tanah akan ambil masa. Apakah option 1MDB?
Saya tahu- kenapa tidak 1MDB beli rangkaian semua kedai nasi kandar dalam negara ini yang generate income bermilion Ringgit sebulan?

1MDB is truly a mess.

Saya bukan nak menuduh- tapi saya rasa semua laci2 wang GLC kita semua sudah terbuka dan dikosongkan. All the drawers at our GLCs are already emptied. Now Najib and his gang of pillagers are looking for after the fact excuses to give to the public.

Semua sudah digeledah dan dipaksa membeli asset atau melanggani bon yang diterbitkan oleh 1MDB. Tigggal lagi PM yang juga menteri kewangan menanti saat bahagia untuk memberi justifikasi mengapa laci2 tersebut sudah dikosongkan kandungan nya.

Tabung Haji, KWAP, EPF, LTAT, bahkan kerajaan negeri pun mungkin dikerah menyelamatkan skendel 1MDB. Kita tungu dan lihat.

Dalam parlimen saya bertanya dan menteri kewangan menjawab bahawa dalam bank bernama BSI-sebuah bank yang kecil sahaja , 1MDB simpan USD1.03 billion.

Mengapa ianya tidak dbawa balik ke Malaysia? PM Malaysia yang juga menteri kewangan menyatakan kalau bawak balik ke Malaysia, pengeluaran setiap RM50 juta mesti mendapat kelulusan Bank Negara Malaysia.

Saya tdak tahulah, sama ada ini reasoning seorang menteri, PM atau reasoning penyembunyi wang. Biarlah pembaca yang buat pengadilan.

Tiori saya, ialah ianya tidak boleh dibawa balik ke dalam Malaysia ialah kerana ada pihak yang ada lien keatas nya. Yakni tuntutan keatas nya. Mungkin USD1.03 billion itu dijadikan cagaran.

Mengikut lapuran juga, bank statement Brazen Sky anak syarikat 1MDB telah dikemukakan oleh Arul Kanda sebagai proof of funds. Tapi  cerita berikutnya jadi kelam kabut. BSI kata, dokumen yang ditender oleh Arul Kanda kepada consortium bank bukan dokumen asal BSI.

Hah? Ertinya, sebuah syarikat mega seperti 1MDB melalui ejensi Arul Kanda mengemukakan dokumen palsu?

Janganlah pihak 1MDB main menyorok nyorok dengan kita tidak mahu jujur menerangkan perkara yang sebenarnya. 

Jika di Singapura, pihak MAS- Monetary of Singapore mempunyai kuasa besar untuk mengarah dan memerintah mana2 institusi kewangan menjelaskan perkara yang benar, maka dalam negara kita, bank negara sepatutnya mempunyai otoriti yang besar untuk memerintah 1MDB yang membuat transaksi kewangan menjelaskan perkara yang benar.

Saya rasa , sahabat saya yang mengetuai PAC, Mr. PACman mesti berani bertemu dengan Bank Negara dan bersamanya mengarah pengurusan 1MDB to come clean.- Dato' Mohd.Ariff Sabri bin Hj. Abdul Aziz@sakmongkol ak47

Najib’s son still with Ponzi-linked Sabah firm...

The UK-based whistleblower website The Sarawak Report (SR), in another expose, has alleged that Mohd Nazifuddin Najib, the second son of Prime Minister Najib Razak, remains a substantial shareholder of Sagajuta, of which he was previously the Chairman.

Sagajuta has been linked with a Ponzi scheme run by Ufun in Thailand. “Nazifuddin is both a direct investor in Sagajuta (Sabah) Sdn Bhd and is also a shareholder of the company with the largest amount of shares, Generasi Sipta Sdn Bhd,” said SR.

The website noted that Nazifuddin had issued a statement that he had resigned as a director and chairperson of Sagajuta (Sabah) Sdn Bhd, apparently linked with Ufun, on May 31, 2012.

SR also wonders why Nazifuddin glossed over his shareholding in an Ufun joint venture, given that the scandalous Thai company has co-invested in a project involving Sagajuta worth hundreds of millions of ringgit. “Sagajuta (Sabah) Sdn Bhd has been mentioned as being involved with Ufun in promotional material published online over the past two years.”

If all these claims were so false and misleading, added SR, it seems a strange choice for Sagajuta to have chosen to partner with Ufun in such a politically sensitive, state backed development project as Gateway Klang.

It was only last month, on 26 April 2015, that Ufun signed a memorandum of understanding with Lagenda Erajuta Sdn Bhd, which is a subsidiary of Sagajuta, for the Gateway Klang development project with a value of RM1.2 billion. Ufun claims to hold a 30 per cent stake.

Company records show, according to SR, that the loans taken out by Sagajuta (Sabah) Sdn Bhd are enormous. “The Register of Companies lists 38 loans by this developer, mostly still outstanding, which add up to a staggering RM758,780,900.”

“The majority of these are with the Sabah Development Bank and Malaysia Building Society,” said SR. “Ufun has presumably shouldered some of the cost of these investments.”

“A great deal must already have been built in Klang Gateway after such enormous injections of state development lending.”

Nazifuddin said he has alerted police, Bank Negara Malaysia and the Thai embassy in Kuala Lumpur that he has no links with a Ponzi scheme run by Ufun Group Bhd Ltd in Thailand.

He was referring to a video which had gone viral in Malaysia. “There is no concrete evidence in the video that suggests my involvement with Ufun and their schemes,” he said. “I will not be hampered by these malicious attempts to defame and character assassinate me.”

Nazifuddin said in a statement that Ufun used his name as far back as two years ago to deceive members of the public into signing up with them. “I have no involvement with the group.”

He denied knowing three individuals from Malaysia — Tay Kim Leng, Lee Kuan Ming and Wong Ching Hua – who have arrest warrants pending against them in Thailand. “I have never met nor spoken to these individuals before. Several arrests have already been made and the crackdown on the alleged scheme is currently ongoing.”

“Both Thai and Malaysian police will cooperate in their investigations to detain the perpetrators and those involved in this scheme.” - fmt

Najib’s Son Is Still A Significant Shareholder Of UFUN Linked Company 

Melihat pada prestasi sukuk yang dibeli Takaful, persoalan timbul apakah 1MDB mampu membayar apa yang dijanjinya kepada TH melalui penjualan sukuk yang bernilai RM920.8 juta sekiranya ia menghadapi masalah untuk melangsaikan hutang-hutangnya daripada bank seperti Deutsche Bank? Apakah TH dan Takaful tidak risau mengenai pelaburan membeli sukuk 1MDB?

cheers.