By KINIBIZ
This piece was originally published on KINIBIZ on March 26, 2013
It has been described as biggest ponzi scheme the nation has ever seen. When one examines the trail of of deals made by 1Malaysia Development Bhd, including RM20 billion in bonds and acquisition of dubious assets and even more dubious partners, there is plenty – and we mean plenty – to worry about. The ultimate conclusion is that this self-styled strategic investment fund does not at all appear to be so both in terms of its operations and the areas it has chosen to operate in, leaving unanswered questions over governance, transparency and accountability.
Issues
#1
One opposition MP describes it as the biggest ponzi scheme the nation has ever seen. Some may consider that a bit much but when one examines the trail of of deals made by 1 Malaysia Development ...
#2
In the second of a series of articles on government fund 1Malaysia Development Fund, KiniBiz takes a look at some of the key players involved in its set up and running. It’s a wide, varied lot ...
#3
In the third part of its series on 1Malaysia Development Bhd, KiniBiz examines its annual accounts and comes up with some conclusions. For the first two years of its existence, it has merely ...
#4
In the third part of its series on 1Malaysia Development Bhd, KiniBiz examines its annual accounts and comes up with some conclusions. For the first three years of its existence, it has merely ...
#5
Even before it had any business, 1Malaysia Development Bhd or 1MDB’s first move was to raise money, issuing RM5 billion in bonds, subsequently taking it up to RM20 billion. The deals caused a ...
#6
In our continuing series on 1Malaysia Development Bhd, KiniBiz looks at the fund’s power deals and why it is going into them. Analysis shows that payment for the power assets are excessive and ...
#7
KiniBiz examines the issues in 1Malaysia Development Bhd’s property activities, the other area apart from power which it is actively undertaking. The RM27 billion Tun Razak Exchange, more costly ...
#8
In our continuing series on 1Malaysia Development Bhd, KiniBiz compares and contrasts the way 1MDB operates to its big brother Khazanah Nasional Bhd, also owned by the Ministry of Finance. The ...
#9
In the final part of our lengthy series on 1Malaysia Development Bhd, KiniBiz poses 10 groups of questions on the mammoth misdeeds of 1MDB that are crying out to be answered. If no answers or ...
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