Wednesday 26 April 2017

UMNO Vs UMNO. Mask Off

Is a current US top five hit for Future taken from the album named future.

The future looks very interesting as the masks are off, and UMNO itself is asking why the double payment on the 1mdb bonds.

Malaysiakini has the story. Read Below :

What happened to the previous payments from 1MDB to Abu Dhabi’s Aabar?

This question has been posed by Kulim Bandar Baharu MP Aziz Sheikh Fadzir, who is also one of the BN representatives on the Public Accounts Committee (PAC).

Aziz said this following the announcement of the settlement between 1MDB and International Petroleum Investment Co (IPIC), which is owned by the government of Abu Dhabi.

“I am supportive of the settlement… but the Finance Ministry must explain to the PAC where the payments 1MDB made to Aabar go to before this,” Aziz (photo) told Malaysiakini when contacted.

IPIC initiated arbitration proceedings last year to claim US$6.5 billion from 1MDB. The settlement was announced yesterday.

According to filings made to the London Stock Exchange, IPIC said it will receive US$1.2 billion in two equal payments on July 31 and Dec 31.