26.08.2015 - Najib’s defence of 1MDB, unspinned
As more countries launch investigations into alleged fraudulent and money-laundering activities involving 1MDB, and as more illegal assets are frozen, which investors in their right minds would want to have anything to do with 1MDB? PM Najib Razak is trying to mislead poorly-informed Malaysians and portray himself as a ‘saviour’ when the exact opposite is true. Qatar has not put a cent into 1MDB yet. Any Qatari investment or loan would most likely be used to settle 1MDB debts, just as the US$1 billion ‘investment’ from IPIC (International Petroleum Investment Company) in June 2015 to settle debts but with an expected transfer of assets from 1MDB to IPIC by June 2016 together with cash repayment (with interest) on an outstanding US$3.5 billion debt...............................................Full Article: Source
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