Out of that RM51 billion of assets that 1MDB has, as much as RM33 billion may never be recovered, allegedly embezzled through a number of crooked deals which no Malaysian authority is investigating at the moment.

And if you include other losses such as mispricing of bonds (RM6 billion), overpayment to advisers (RM2 billion) and overpayment for energy assets (RM3 billion), the figure comes up to an astronomical RM44 billion in losses to the country.

No, these are not crazy figures plucked from the air. Here’s how we derived them.

In July last year, it was reported that then deputy prime minister Muhyiddin Yassin said that 1MDB’s total debts amounted to RM50 billion.

Previous reports cited an asset base of RM51 billion, the higher asset base being due to revaluation of government land acquired cheaply earlier.

That RM50 billion figure remains unchallenged to this day. 1MDB sold its power assets to Chinese interests for just under RM10 billion late last year. 

The sale has been completed now. 

Using 1MDB’s own figures, the sale of the power assets, extinguished RM16 billion debt, out of which half was inherited debt, that is debt within the various energy companies.


Take that RM16 billion out of RM50 billion in debt, and the amount remaining is RM34 billion. 

1MDB likes to proudly say that it has no more bank debt, but fact is it has tonnes of debt still in the form of bonds – a RM5 billion Islamic term note, RM2.4 billion sukuk, US$3.5 billion (about RM14 billion in two equal bonds, both guaranteed by the International Petroleum Investment Company or IPIC of Abu Dhabi), and US$3 billion (about RM12 billion) in bonds issued with a letter of support from the Malaysian government.

Where has the money taken from these bonds gone? 

We know that the US$3.5 billion or RM14 billion went, or was supposed to go to IPIC and its subsidiary Aabar Investments PJS.

 Instead it went into a similar-named company Aabar Investments PJS but incorporated in British Virgin Islands. 

Why? 

No one knows. 

But the money is missing, and neither IPIC/Aabar nor 1MDB know where RM14 billion has gone – or at least that’s what they say.

Next is the US$3 billion or RM12 billion bond. 

This was supposed to be 1MDB’s 50% contribution into Abu Dhabi Malaysia Investment Co Ltd or ADMIC, a blank cheque investment with no specified investment target. 

Aabar is supposed to put an equal US$3 billion into the company but there is no indication that it did.

Here’s what the Goldman Sach’s bond document dated March 8, 2013 said: “…it is anticipated that Aabar will not yet have contributed sufficient capital to meet its obligations under the joint-venture agreement. 

The issuer has no control over Aabar and there can be no assurance that Aabar will meet its funding obligations.”

It is not clear where that RM12 billion went and it may well be at risk. 


These are treated in detail in this article.

And then the first RM5 billion Islamic medium term notes in 2009 – the one that set it all off. All of it and more was invested – eventually over RM7 billion – in a dubious venture called 1MDB-PetroSaudi Ltd with Saudi Arabian personalities. 

It is still not clearly established where this money is.

Now, add that up, and at least RM33 billion (RM14 billion + RM12 billion + RM7 billion) out of these bonds may never be recovered. 

There may well be more. 

Besides the energy assets bought from Malaysian companies for which it overpaid by about RM3 billion, what did our self-styled strategic development company invest in? 

Not much.

Numbers cannot be hidden

1MDB did a dirty sneaky trick when it allowed others to make an estimated RM6 billion by deliberately mispricing some of its key bonds. 

By flipping these bonds at higher prices once they are traded in the market, those who got first bite made billions. 

Meantime 1MDB and the nation pays higher interest rates.

The sucker and bad liar

“Worry not taxpayers! 1MDB has more assets than liabilities.. 

You can help me pay its debts too!”

And then there was the overpayment for their advisers, Goldman Sachs, by about RM2 billion for the various bonds they arranged – a loss of RM2 billion to the nation.

Add these up (RM3 billion + RM6 billion + RM2 billion), and they amount to RM11 billion. 

Add this to the RM33 billion in bond proceeds and investments that may never get recovered, and you get that RM44 billion. 

The final figure may well exceed that!

Those numbers cannot be hidden or hushed up. 

You can’t hide the movement of such large sums of money across international borders forever. 

Eventually the international authorities will get to the bottom of it and all will be revealed. 

The amount of fraud committed will become obvious and it will become impossible to deny it.

All the land that 1MDB has now is not worth that much – it’s not enough to cover the losses. 

The black hole that is 1MDB is already very obvious and soon more and more losses will crystallise while investigators across the globe tighten their noose on the miscreants – it’s a matter of time before they are nailed.

That means game over for 1MDB with losses of at least RM44 billion or more, and by extension for Najib Razak, the prime minister and 1MDB sponsor whose reign at the top continues to prolong the agony and prevent investigation to bring this to closure, among the saddest, longest chapters of our country’s history. 


Najib's supporter and loyal 'unclever' followers

We both are too cowardly and too young to comprehend what our crooked boss had done so we will just laugh it off like a pair of idiotic runts.


11:54 AM

The government bypassed its own rules and regulation when they got a public servant to give speeches during a by-election on behalf of Barisan Nasional.

Arul Kanda, a public servant currently working the Ministry of Finance, drawing his fat salary from taxpayers’ money, and currently reporting to the 3 recently appointed Directors of the Board, had gone to Sungai Besar to promote the goodness of 1MDB and de-criminalise Najib Razak.

Here is the news:

Arul Kanda goes to Sungai Besar to clear the air on 1MDB

 1MDB president and executive director Arul Kanda was in Sungai Besar today in an attempt to dispel the controversy surrounding the allegation-riddled firm.

He was an invited to speak on national issues at an event organised by the Prime Minister’s Department.

BN candidate Budiman Mohd Zohdi was also present, although the two did not share the stage.

Asked if he was here to campaign for the by-election, Arul Kanda declined to comment before leaving the venue.

During the question and answer session earlier, Arul Kanda denied that the goods and services tax (GST) as well as the RM2.6 billion donation into Prime Minister Najib Abdul Razak’s personal accounts were linked to 1MDB.

“GST was not introduced to cover for 1MDB’s debts.

“The auditor-general and the Public Accounts Committee have found no evidence WHICH linked the RM2.6 billion donation to 1MDB,” he said in response to questions from civil servants who attended the event.

Arul Kanda also urged the audience not to be fooled by the opposition who are constantly attacking the government on 1MDB.


We couldn’t believe it when he said this:

“The auditor-general and the Public Accounts Committee have found no evidence WHICH linked the RM2.6 billion donation to 1MDB”

It goes without saying that Arul Kanda is heftily paid to say stupid things and make himself look like an idiot. 

Too bad he did not read the PAC report himself. Otherwise, he would have realised that he was lying to the public just now.

In the PAC report itself, it had clearly stated the role of the Auditor General regarding the investigation on 1MDB. Let us copy it here for easy reference:

The Public Accounts Committee (PAC) has sent a letter dated 27 February 2015 to the National Audit Department (NAD) to ask NAD to carry out an audit on 1MDB by focusing on five (5) aspects as follows:-

a. The source of RM2 billion raised by 1MDB to settle its loans from several banks;

b. RM3 billion new injection of funds from the Ministry of Finance (MOF);

c. 1MDB investment agreement in PetroSaudi;

d. Whether 1MDB investment money in the Cayman Islands has been brought back to Malaysia; and

e. The changes in international auditing firm to verify 1MDB’s accounts.

The Auditor General was not tasked to find out about the RM2,600,0000 ‘donation’. 

Their scope was limited to 1MDB’s business operations. 

What 1MDB did to the money, via multi level of transactions and where the billions of money was spent by bogus companies engaged by 1MDB, were not part of their investigations.

True enough, the Auditor General (NAD) even complained in PAC report itself that 1MDB often times did not submit documents and bank statements for his department to investigate further.

Arul Kanda should know this, since he is the boss of 1MDB.



A copy of the agreement for the USD700 million loan between 1MDB PetroSaudi Limited and PetroSaudi Holdings (Cayman) Limited, which was signed by Mr. Tarek Obaid representing both companies, has been submitted by the management of 1MDB but NAD could not confirm it with the original document.

Although the draft of the joint venture agreement has been discussed during the meeting on 18 September 2009, but that too failed be submitted by 1MDB to NAD. – an extract from PAC Report.

And below is the objective of PAC during this whole fiasco, as stated in the report:

The PAC has summoned the Ministry of Finance as a shareholder of 1MDB before the Committee to assess the financial performance and the activities of 1MDB’s Group of Companies since its inception until now to ascertain whether it meets the original objectives of the company’s establishment.

In conclusion, the PAC’s objectives was not to find out whether RM2,600,000 did come from 1MDB. 

Their objective is to check on the investments made and whether they had complied to good governance. 

Which, if Arul Kanda had the mental IQ above 20 would have understood that the report is a fine example for gross criminal breach of trust. 

Yet nobody has been arrested for the loss of billions.

The body which was tasked to investigate the ‘donation’ scandal is MACC, but we all know what happened to their investigation, don’t we?


Working hard to gobble up taxpayers’ money and make himself look like a fool



11:47 AM

What's happening is Malaysia right now is very funny and pity .

Mafia , liar . robber and villain rules Malaysia .

Who ever try to fight Najib Razak , expose his crime , reveal his scandal , will be punished!

The noble guy who go against Najib Razib's crime and lust ,  will be either :

- TERMINATED
- JAILED
- THREATENED
- INTERROGATED
- TRANSFERED
- SACKED
- FIRED

Many of them suffered because of this maniac!

I'll short listed for you NINE BIG GUNS and most of them are Malaysian public officer , ex public officer and very superior in their department and jobs .

ALL OF THEM said the same thing :

Najib Razak is a robber , liar , cheater , sucker and should be prosecuted and punished .

But yet Najib Razak is still running free....but  the truth will always remain the truth!

Refer to below picture .



12:13 PM


There is one crucial item on the term sheet, which is that 1MDB has to transfer the amount that IPIC paid, the cash plus the interests — US$1.15 billion — by Dec 31, 2015, according to Arul.

As such, he said: “Actually, we were in default since December”.

But he questioned why IPIC waited until now to make the announcement.

“It should have been made immediately after the default as it’s a large amount. 

Why wait until April to say you don’t own Aabar BVI?”

As to the US$3.5 billion worth of payments that 1MDB made to Aabar BVI (Aabar Investments PJS Ltd), the company with the near identical name to IPIC’s subsidiary Aabar Investments PJS, Arul said:

“What we cannot discount is there could actually be fraud…a massive fraud…and maybe there was collaboration from our side”.

Dear Arul Kanda,

Stop being an idiot. 

What you should have done since you took over is to ask Shahrol Halmi what had really happened. 

He was the CEO/Director when payments were made to the fake Aabar. (the current CEO is Arul Kanda)

The news that 1MDB paid the fake Aabar had been going on for months now.


What kind of a boss are you when you don’t even read the news about your own company? 

As for Shahrol, this criminal who now happens to be a Director of 1MDB and a Director in Pemandu should have told you what he had done – that the money which had gone to the fake Aabar was authorised by him.

Plus, the fake Aabar is owned by the former bosses of IPIC, a certain Al Husseiny, who is also a very close friend to Jho Low and Najib Razak, whom incidentally, the ultimate boss of 1MDB.

Please do not scam Malaysians by acting all surprised. 

You are in this too. 

You know about this fraud in all the time you are in 1MDB.

But the biggest idiotic thing you have said is when you questioned IPIC why they did not announce immediately that 1MDB was defaulting back in 31st December 2015.

Arul Kanda, let us now speak to you as if you are a dumb 10 year old boy – when you begged IPIC to pay a loan on your behalf, and then promised them to pay it back by 31st December 2015, you should have paid the USD1.15 billion by the due date.

People who did not pay their debts simply do not chastise their creditor why they did not tell the whole world you are defaulting much earlier. 

Don’t you have any common sense?

You must either be so arrogant, or so stupid (the whole world think you are both actually).

Are you not ashamed? 


You, Arul Kanda will be known in history as the person that had caused Malaysia to default on its loan for the first time in history.

Under your watch, Malaysians lost its assets (IPP and lands) to foreigners. 

Last May 2015 you had engineered the binding term sheet with IPIC without any intention to pay them after they had lent you a billion dollars to pay off the debts 1MDB took back in September 2014.



1MDB took a loan from Deustche Bank for USD975 million, which was supposed to be paid by September 2015 but the consortium of banks felt cheated because the collateral you used (the mythical USD1.103 billion units) for the loan was discovered to be worthless. 

They called up the loan to be paid much earlier. 

You were so desperate and had no money in May 2015, you got IPIC to give you USD1 billion to pay up Deustche.

That money from Deustche however is gone. 

According to the PAC report above, USD725 million of it went to the fake Aabar! (PAC report page 92)

What does Arul and Shahrol have to say about that?


Based on the news cutting above, Arul Kanda had the cheek to feign surprise and then tried to exonerate Shahrol, Najib and Jho Low et al by pinning the blame entirely on the two former bosses of IPIC and Aabar.

And today you denied any fraud had occurred?! 

Why the sudden, incoherent flip flop? 

Did you not mean what you say in The Edge last Monday? 

Were you ‘misquoted’?

Arul, if you are the knowledgeable type, you would have known that the 1MDB had scammed billions of taxpayers’ money by giving it to the wrong company! 

The main signatory for the fake Aabar was Mohamed Badawy Al Husseiny. 

It seems in his free time as the top boss of IPIC/Aabar, he was also involved in a personal venture with the 1MDB crooks.

This fake Aabar then sent billions of ringgit to Tanore Finance Corp before USD681 million finally landed in Najib’s private accounts.

Tanore Finance is owned by Eric Tan Kim Loong, a known associate of Jho Low. 

Note that both the fake Aabar and Tanore have been liquidated by these crooks after they had siphoned off the rakyat’s money.


Money trail of the USD681 million. 

It is laughable for the AG to think it came from Saudi Royal own savings.

Therefore, dear Arul Kanda, you need to audit your brains and ask yourself this:

Would I be so dumb to think that only those two foreigners are scamming us without the knowledge of Shahrol, Jho Low and Najib Razak? 

Would I be correct to say that Najib Razak is innocent when according to the hansard in PAC minutes, 

Najib seemed to overrule almost all of the BOD’s decision? 

Am I that dumb to think that USD681 million landed in his personal bank accounts were done without his knowledge? 

Lastly, am I the dumbest ever CEO in corporate history to say these words last year:


The lies told by Arul Kanda, exposed by PAC report

In the end, it was revealed that the USD1 billion was indeed a loan given by IPIC (which you failed to repay by year end 2015).

Why did you lie to us Arul Kanda? 

Why did the government hire a lying scoundrel like you?

You were the one who had dealt with them, gleefully accepting USD1 billion yet you conveniently did not pay them back and now blame IPIC and Aabar for not honouring the agreement? 

Why do taxpayers have to deal with a CEO that has been monkeying around since his first day on the job?

We still remember the ‘I have seen the statements and I have seen the cash’ fiasco when you first took over. 

We would have thought with the big fat monthly salary you’ve been getting for the past 15 months would have justified your alleged brilliance and qualifications.

But alas, you are just a nincompoop, relying mostly on your credentials as a champion debater at a high school level.

You thought you could repay IPIC with your worthless units. 

But they didn’t like the smell of those toxic units and quickly told you that they want real money. 

Money you don’t have. 

A memo sent from 1MDB to the Finance Ministy confirmed this:

The Malaysian fund did try to transfer the assets in the form of fund units in an offshore company it controlled, said the memo. 

IPIC has refused to accept anything but cash, added the memo.

They give you cash, they expect cash lah! 

Why would they accept units as repayment? Do you think IPIC would be as dumb as our cabinet ministers?


1MDB tried to con IPIC by getting them guaranteeing our USD3.5 billion bond, then 1MDB paid off the promised deposits and termination of options to companies not related to IPIC. 

This is a new kind of low for Malaysia. 

Malaysians are embarrassed by this episode.

We do not know what kind of lies you and Shahrol told the cabinet for the whole of 2015 and 2016, but you sure had made a treasonous action for the whole of Malaysia. 

Worse, the prime minister (Najib Razak) knew about it all along.

Something is rotten in Putrajaya. 

We need to get rid and jail the crooks.

If Arul Kanda still have the dignity, he should have returned all his salary to the treasury. 

At least they can use it for something more beneficial.

What is your next move to repair this damage, Arul Kanda? 

You should just surrender yourself.

On another note, congratulations to Datuk Muhammad Ibrahim for your appointment as the next Governor of Bank Negara. 

You have big shoes to fill. 

And you will have your hands full trying to catch all these multi-billionaire crooks.

Speaking about regulatory bosses, this fella below has been awfully quiet. 

Is he still sleeping on the job? 

The (defaulting) bond market is under the purview of the Securities Commission, yet all is quiet over there.


11:14 AM

That is why they can still walk around, making nonsensical statements amidst all the damaging reality that have befallen unto them.

Take for instance, the latest news surrounding the 1MDB fiasco.

IPIC had terminated the debt-swap agreement and the Wall Street Journal have published new discovery that the instant billionaire named Najib Razak did receive billions of money from 1MDB via intermediary companies.

Before, we were told that all these accusations were lies. 

No such money existed. 

Then they shifted the goal post by saying he never received such money from 1MDB. 

Then they changed the story by saying the money was a donation. 

The shameless Najib even had the audacity to claim he did not use the money for personal usage!

In June 2015, the liar (Najib Razak of course) said:

“Let me be very clear: 

I have never taken funds for personal gain as alleged by my political opponents – 

Whether from 1MDB, SRC International or other entities, as these companies have confirmed.”

As proven so many times (and exposed by the Attorney ‘cari makan’ General himself), he did receive money from SRC International and in today’s article published by WSJ, at least USD681 million came ultimately from 1MDB.

On top of that, he used millions of ringgit on a shopping spree for luxury items like clothing, handbags, jewellery etc!

Ahmad Maslan and Haron Don were right. 

This prime minister is very stupid for taking public funds and put it in his own private accounts.

Yet, many of his goons are living in denial, making nonsensical claims to exonerate Najib Razak from any wrongdoings. 

To them, receiving millions of money from SRC International and then spent it lavishly around the world is not wrong. 

And this is the least of Najib’s problems!


Some of them were even more pathetic in claiming that the Petrosaudi and 1MDB joint venture was a government to government (G2G) business joint venture. 

Everyone with enough common sense and above average intelligence can easily find out from publicly available information that PetroSaudi was not a company belonging to the Saudi Government.

Yet, they wrote long extensive articles, mostly rubbish, just to justify their claims.

To no one’s surprise, it is now a fact that PetroSaudi had swindled Malaysian money by the billions, and supervised by the prime minister’s confidants. 

This was clearly stated in the PAC Report (page 18-19), where PetroSaudi’s owner is a swindler named Tarek Obaid and 1MDB (without approval from its Board of Directors), had remitted billions of money into this dodgy company.

In another instance, everyone with a bit of knowledge in auditing would have known that 1MDB had terminated two of their auditors within a span of 4 years. 

Husni Hanadzlah, the bumbling and ignorant Second Finance Minister LIED on national TV in June last year when he said it was a normal practice for auditors to be rotated.

It was a well known fact in the industry that EY and KPMG were sacked in 2010 and 2013 respectively.

But throughout last year some clueless idiots in the social media had defended 1MDB by saying that these auditors were not sacked. It was normal practice to change auditors, they said. 

Thank God none of these idiots were chartered accountants or financial experts. 

Otherwise people might question their business acumen and qualifications.

A multi-billion ringgit company changing auditors midway though an audit or employing 3 different audit firms within 5 years is certainly a huge red flag.

And lo and behold! 

The PAC Report (page 68 & 71) indeed had reported that those two audit firms were terminated.

Now why would Malaysians want to believe the nonsense propagated by paid individuals from JASA or in Facebook ? 

What is worse, this government uses taxpayers money to spread disinformation and lies in order to defend Najib. 

What an unbelievable thing to do.


Hopefully, there won’t be anymore noises coming out from self appointed 1MDB spokespersons saying that the Cayman units have value and are not worthless. 

That would be hilarious indeed.

When you lack common sense, you will make nonsensical statements. 

People often find it hard to believe nonsensical statements because people generally have a lot of common sense. It was common sense to believe that the PetroSaudi – 1MDB JV was not G2G.

It was common sense to know that 1MDB auditors were sacked.

And it certainly is common sense to know that billions of money in Najib Razak’s private accounts were not a donation. 

It was certainly not for fighting ISIS nor was it to fight the Jews. 

But yet all through 2015 and until today, some of these self elected defenders of Najib’s crime would still believe that the money was a donation meant for fighting Jews/ISIS/Muslim Brotherhood etc!

Maybe they loved being lied to and love being ridiculed by the public. 

But this is not a surprise. Najib Razak till this day is trying to carry whatever dignity he has left without any due regard to the embarrassment he had caused himself, to his own sycophants and to Malaysia in general. 

He is living  in 'an isolated island devoid from any links to reality'

In January 2016, he declared that all RM40 billion of 1MDB has been settled. 

He is the Finance Minister yet he did not want to tell us that the real debt level of 1MDB is RM50 billion. 

Being transparent is of course, not in his vocabulary.


Look at that face. 

We wonder what happened to all the millions of jewellery he had purchased. 

Maybe the sycophants can give us some awareness about their whereabouts.

But the best part is, what he didn’t want Malaysians to know is the fact that 1MDB will settle all of its debts only by the year 2039! 

And its success is based on huge amount of assumptions (PAC Report page 81).

Below is how 1MDB plans to settle all its needlessly accumulated debts. 

Obviously, the debts won’t be settled anytime soon.

Bear in mind, Najib did say not a sen of rakyat’s money will be used to bail out 1MDB’s debts (they just had to sell rakyat’s lands instead).

1MDB plans to repay ALL their debts by the time your grandchildren started to have their own children in 2039.

The vacuum container has been stretched to its maximum and will burst anytime soon. 

This has been growing since the inception of 1MDB. 

The business model was unsustainable from the start but true to Najib’s nature of being oblivious, they bulldozed their way without due regards to the law or good governance.

They are now fumbling every step of the way. 


Just now one of the ministers from ‘Parti Najib‘ even admitted that he plays dirty politics! Is that a wise thing to say?

Najib’s position has been untenable. 

He is surviving only through the misplaced loyalty of a few stupid minions at his disposal.


10:56 AM

Guess who should be charged for attempting to sabotage the country’s economy, financial and banking system?

Should it be these guys, for making police reports on 1MDB’s wrong doings?

Datuk Seri Khairuddin Abu Hassan and lawyer Matthias Chang Wen Chieh


Or these below guys below for (among other things) bypassing BNM rules, for accumulating debts in billions of ringgit (RM50 billion), for siphoning away those billions of ringgit to dodgy and obscure companies (roughly RM28 billion), for not generating enough money from a business model that have failed, or having to sell off national assets just to pay off those debts and lastly, risking our economic strength and financial ratings if we don’t pay those debts:

Najib, Jho Low, Arul and Shahrol

One of the persons above was also caught red handed receiving millions of money from a company under his own ministry .

He claimed it was also a ‘donation’ from the ‘Arabs’ and bought many luxury items for personal benefit, thus breaking the MACC Act.

So guess who will be charged by the public prosecutor, Apandi Ali?

The answer is NO ONE !


10:24 AM

The Wall Street Journal have published their latest investigative story on the scandal perpetrated by 1MDB.

It seems the US authorities are investigating Goldman Sachs for misleading the bond buyers when the bank sold bonds which were issued by 1MDB (total value of USD6.5 billion or RM26 billion).

Below is the extract from the article:

As part of an inquiry being examined by a U.S. grand jury, investigators are trying to determine if Goldman’s employees had reason to believe that some of the proceeds from bond deals done for the fund, 1Malaysia Development Bhd, known as 1MDB, weren’t being used for their intended purpose.

The person familiar with the matter said. Federal authorities also are exploring whether Goldman’s hiring practices in the region violated U.S. anticorruption laws, the person said.

Goldman advised the fund on three acquisitions and arranged the sale of three bonds valued at a total of $6.5 billion that brought in $650 million for the firm. [that’s 10% commission paid by Malaysians]

Goldman’s biggest, and last, transaction with 1MDB came in early 2013 when it sold $3 billion in bonds that the fund said would finance a real-estate-development project in the center of Kuala Lumpur designed to spur economic development. 

Soon afterwards, the Malaysian PM received nearly USD700 million into his personal bank accounts , what a coincidence!


1MDB officials directed the Wall Street firm to wire the proceeds from the deal to the fund’s account at BSI SA, a small Swiss private bank, according to people familiar with the matter.

Private banks don’t typically receive transfers of that size, and the unusual step caught the attention of lawyers at Linklaters, Goldman’s legal counsel on the transactions. 

Kevin Wong, a partner at the law firm, sent a note to bankers at Goldman alerting them to the fact that the money was being sent to a private bank, according to a person familiar with the matter.

Goldman executives approved the transaction and believed they were contractually obligated to send the money to the account their client had specified, according to people familiar with the matter. Linklaters ultimately signed off on the transaction, said the person.


Goldman underwrote the entire offering, buying all $3 billion up front at a slight discount to the face value. It then resold the securities to other investors at higher prices.

Goldman made nearly $300 million in fees from the bond sale, an outsize figure that raised eyebrows across Wall Street and compelled Goldman to tell its client how much it stood to earn on the deal ahead of time.

The bond ostensibly was meant to fund the construction of a new financial center in Kuala Lumpur to be named after the father of Malaysian Prime Minister Najib Razak .

But little building has occurred. 1MDB moved half of the money raised into overseas mutual funds and used the remainder to pay down debt and for working capital, according to its financial accounts. 

In the end, 1MDB built nothing and some assets (Bandar Malaysia land and IPPs) had to be sold in order to pay the debts .


Multi layered companies used for the RM2.6 billion ‘donation’ fiasco.

Predictably 1MDB maintained they never directly bank in money into Najib Razak’s personal bank accounts.

If 1MDB had not misused the money raised through debts, they could have built Bandar Malaysia and TRX without resorting to sell their land to foreigners. 

Sadly, Malaysians did not benefit anything from the sale. 

Money from the sale will be used to pay off debts and to make matters worse, Malaysians lost sovereignty over the land they used to own.
Billions of ringgit lost in thin air through 1MDB and nobody is being held responsible. 


The Swiss Authorities even claimed that approximately USD4 billion (RM16 billion) were misappropriated.

But our Attorney General who was appointed ever so sudden to ‘supervise’ this embezzlement case had quick to whitewash everyone concerned.

Meanwhile, below is a sneak peak on what is happening in the domestic front.

 The PM certainly had woken up without looking in the mirror today .


The big fish wants the smaller fish to be probed .





10:21 AM

In February 2013, 3 months before the 13th General Elections, Najib “I am not a crook” Razak signed a pledge for clean polls which had called for:

The candidate to observe the principles of truth, integrity, ethical conduct and accountability, including not accepting or giving bribes or being involved in any way in corrupt practices.

The candidate shall uphold and give priority to the interests of the Rakyat as a whole.

The candidate shall practice good governance and transparency.

The candidate shall comply with all applicable laws and regulations of Malaysia.

As history have put it, Najib “I am Chosen By God” . 

Najib Razak broke every single item in that pledge. 

This was confirmed by the custodian of the pledges themselves – the Transparency International Malaysia (TI-M), whereby in April 2013, they observed that Najib had already broken his own pledge.


I will put on a serious face and sign this, but I have no intention to keep my pledge and will appoint Paul Low as minister to appease TI-M.

And in July 2015, it was discovered that barely a month after signing that pledge in February 2013, Najib received billions of ringgit in his personal bank accounts; violating the MACC Act many times over.

What transpired next was a series of mind-boggling events which could only be described as the darkest days of Malaysian politics. 

For the past 10 months, Malaysians were subjected to the worst political drama acted out by their own Prime Minister and his sycophants.

Najib created a tradition where a prime minister had no qualms to break promises, tell lies, avoid questions and reporters, avoid accountability, arbitrarily use laws to de-criminalise himself as well as firing, transferring and arresting innocent people.

‘Cash is King’ is the slogan being practised by Najib and his party; where money rules and loyalty can be easily bought. 


Sometimes, even intelligence and integrity can be sold for RM1 million.

This is why Najib and his party will be doomed come next general election. 

Unless the party can do the unthinkable; by gaining some good conscience and doing the right thing.


11:26 PM
Copyright © 2016 Exposing Najib Razak crime | By Designscrazed