By KINIBIZ
The story of 1MDB is a very complicated one but once we go behind the figures and unravel the deals, it reveals a tale of deception and siphoning off, and strange asset purchases involving, tens of billions of ringgit and as much as RM42 billion. KINIBIZ tries to make sense of the maze of money trails at what is without a doubt the biggest and most devious financial scandal ever to hit Malaysia.
Issues
#1
The very setting up of 1MDB and its operations was aimed at spinning billions out of this self-styled strategic development company owned by the government for the benefit of various others. The ...
#2
From its inception to the present-day state of disarray, 1MDB counts an interesting – and colourful – group of people who are either directly involved in its operations or who are linked to the ...
#3
Posted on December 16, 2015
by KINIBIZ
1MDB has already lost some RM6 billion by mispricing its bonds. So was this deliberately done, and whose pockets ended up bursting at the seams?
#4
In just one year, 2013, 1MDB had a huge US$6.5 billion (some RM27 billion at current exchange rates) of borrowings from bonds arranged by Goldman Sachs, nearly 65% of total borrowings. The ...
#5
With a number of questionable dealings over its seven years or so of existence, a considerable part of 1MDB’s shenanigans have involved Goldman Sachs who were handsomely, and extremely ...
#6
First, it was a JV, and some US$700 million out of US$1 billion initial capital ended up in an unrelated company linked to Jho Low. And then it became a loan, and then it became an equity stake ...
#7
On Nov 23, 2015, 1MDB announced that it has signed a deal with China General Nuclear to sell its power assets in return for RM9.83 billion in cash. This sale at a massive loss brings full circle ...
#8
From its first ever deal seven years ago, controversial 1MDB has had a persistent association with parties from the Arab world. The pressing question, on account of its mysterious and ...
The story of 1MDB is a very complicated one but once we go behind the figures and unravel the deals, it reveals a tale of deception and siphoning off, and strange asset purchases involving, tens of billions of ringgit and as much as RM42 billion. KINIBIZ tries to make sense of the maze of money trails at what is without a doubt the biggest and most devious financial scandal ever to hit Malaysia.
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