Thursday, 8 December 2016

1MDB. Free Malaysia Today. Kecik Kecik Lembu Jaga

Is a 1986 hit for Hang Mokthar. The lyrics to this song, goes something like this:

Kecik-kecik lembu jaga

Sudah besar masuk askar

Sudah pencen bank jaga

Satu senapang, peluru dua

Kecik-kecik lembu jaga


Well  the John Soh linked Free Malaysia Today, should consider to go Jaga Lembu instead of running a news portal.

The reporting is so POOR, or is Free Malaysia Today, DELIBERATELY trying to mislead readers into believing that China is HELPING , SETTLE the 1MDB debts .

For China to do so, 1MDB or its ultimate owner the MOF must have to either issue a specific debt paper to the Chinese Government, or we must pledge some assets, specifically to raise the money.

But if we are doing some legitimate business with CHINA, and using that proceeds to honour our debt repayments, then only AN IDIOT will tell you, that CHINA is assisting us on 1MDB debts.

Further more, if this is a G2G initiative, then1MDB, got nothing to do in sourcing the loan, since they not issuing any debt papers or selling or pledging assets.

So why go ASK the chairman of 1MDB questions, which he CANNOT answer, since he is NOT party to any deal between the two governments?

HERE is the DISGRACE of a report from Free Malaysia Today :

1Malaysia Development Berhad chairman Irwan Serigar Abdullah has refuted a report in the Financial Times that China will assist 1MDB in making a repayment to International Petroleum Investment Company (IPIC).

Irwan Serigar said: “I am the chairman. No one spoke to me. No one is talking to the Chinese,” he told reporters after a Global Entrepreneurship Community launch today.

He was asked to comment on yesterday’s article in Financial Times that China was assisting Malaysia with the payment.

The report comes amid a US$6.5 billion dispute between 1MDB and the Abu Dhabi state-owned fund.

According to the Financial Times, three people with knowledge of the matter had said China was approached as a source of funds for 1MDB.

It added that one source told the paper that Malaysia would swap assets for financing.