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Showing posts from August, 2017

CURRENT / 1MDB SETTLES DEBT WITH IPIC, WSJ TONES DOWN TO SAVE FACE, BUT STILL MISLEADS

👇🏽 – - – 1. 2. RELATED: 1MDB MAKES SECOND PAYMENT TO IPIC 3. RELATED: 1MDB: SECOND TRANCHE FULLY PAID TO IPIC – - – 1MDB MAKES PAYMENT TO RESTORE FAITH IN MALAYSIA STATE SECURITIES REPORTED BY THE AUSTRALIAN ( WSJ ) , AUGUST 31, 2017 – Malaysia’s troubled state-investment fund 1Malaysia Development, or 1MDB, said on Wednesday it had paid the second part of a missed instalment to Abu Dhabi’s International Petroleum Investment Company.   While 1MDB is under pressure and being wound up, the payment could alleviate some concerns about Malaysian state securities for foreign investors, who own a significant share of government bonds in Malaysia.   Allegations of fraud involving 1MDB, which is under investigation in half a dozen countries, have already spooked investors by weighing on the country’s currency. The payment announced on Wednesday is a balance payment by 1MDB to compensate the Abu Dhabi sovereign fund — a former business partner known as IPIC — for an emergency loan an...

FOCUS / CLARE REWCASTLE BROWN'S INABILITY TO SHOW PROOF TO COURT BRINGS INTO QUESTION SHOULD SHE RETURN THE MONEY COLLECTED TO DEFEND HER CASE

Sarawak Report's Clare Rewcastle Brown had famously collected £33, 513 to fund her defence in the London High Court.  The legal suit initiated by PAS President YB Abdul Hadi Awang is revealing that Clare is having problems providing the necessary evidence to back her allegations, famously regaled through her aforementioned notoriously fake news mouthpiece.  With this latest development in light, let's revisit what was written by Sarawak Report in order to solicit money through the portal Crowd Justice , and the NINE QUESTIONS Blog  will let the readers decide whether such monies were well-spent, justified and whether those monies should be returned to the donors should Clare Rewcastle Brown be found guilty. 👇🏽 – - – DEFEND SARAWAK REPORT – - – Sarawak Report is being sued by PAS, the Islamic Party of Malaysia. We believe we have a strong case and need to stand up to the big money that appears to be flowing into their action. BY SARAWAK REPORT For the past seven years...

BREAKING / THE "WOLVES" ARE BITING BACK AS THE DOJ BALKS ON PROCEEDING WITH 1MDB CASE

👇🏽 – - – 1. 2. RELATED: RED GRANITE OPPOSES DELAY IN DOJ SUITS OVER 1MDB-LINKED ASSETS 3. RELATED: RED GRANITE OPPOSES DOJ'S PROPOSED PAUSE ON 1MDB SUITS – - – FEDS FACE RESISTANCE IN BID TO DELAY 1MDB FORFEITURE CASES FOR CRIMINAL INVESTIGATION Schwartz adds that the government's request is "without precedent" and a violation of his clients' due process rights.  REPORTED BY THE HOLLYWOOD REPORTER The financier of  Wolf of Wall Street  and others whose assets have been tied up as part of a U.S. government crackdown on foreign corruption are slamming a proposed delay in the 1MDB forfeiture cases. Earlier this month, federal prosecutors explained the need to pause civil litigation. With claims being made on assets including Hollywood films, a catalogue of EMI songs, a Picasso painting once given to Leonardo DiCaprio, real estate in Beverly Hills, London and New York, and more, the feds sought permission to prioritize their ongoing criminal investigation into an al...

BREAKING / CLARE REWCASTLE BROWN OF SARAWAK REPORT FAILS TO PRODUCE EVIDENCE IN LONDON COURT; MISSES 4.00 PM DEADLINE

And it finally unravels - Clare Rewcastle Brown's house of cards begins to tumble down, one card at a time. So, grab more popcorn because this whole charade is about to get so real, all our heads will start spinning from the thrill. Here is where the truly interesting part of this saga spanning over a decade begins. – The NINE QUESTIONS Panel 👇🏽 – - – 1. 2. RELATED: IN THE HIGH COURT OF JUSTICE, QUEENS BENCH DIVISION, CLAIM NO. HQ17M01386 3. RELATED: CLARE BROWN FAILS TO FURNISH EVIDENCE IN LONDON COURT OVER BRIBERY CLAIM – - – SARAWAK REPORT FAILS TO MEET 4.00 PM DEADLINE As a result, the  Sarawak Report  Chief Editor will now have to return to court in October, where it is likely that her counsel will make another attempt to seek an extension. Nonetheless, today’s development is set to trigger an alarm within the Mahathir-led Malaysian opposition coalition that has painstakingly demonised Najib based on her articles. REPORTED BY THE THIRD FORCE At 4.00pm United Kingdom (UK...

CURRENT / PAS AND KHALID IBRAHIM SATISFIED WITH ARUL KANDA'S EXPLANATION ON 1MDB RATIONALISATION, PAKATAN HIVE OF SPIN DOCTORS SET AFRENZY

👇🏽 – - – 1. 2. RELATED: 1MDB RATIONALISATION GOING SMOOTHLY: KHALID 3. RELATED: TAN SRI KHALID IBRAHIM ON THE 1MDB RATIONALISATION AND RESTRUCTURING EXERCISE 4. RELATED: NAJIB PRAISES PAS' ACCEPTANCE OF 1MDB EXPLANATION, EYES 'CHANGE' IN STATE – - – PAS SATISFIED WITH 1MDB EXPLANATION BY ARUL KANDA 1MDB was thrust into the limelight recently when a US$602.72 million (RM2.58 billion) payment, which was part of its settlement agreement with Abu Dhabi's International Petroleum Investment Company (IPIC), was delayed. REPORTED BY NEW STRAITS TIMES KUALA LUMPUR, AUGUST 7, 2017 – PAS has given the thumbs-up to 1Malaysia Development Bhd (1MDB) chief executive officer Arul Kanda Kandasamy after a meeting with him today. PAS deputy president Datuk Tuan Ibrahim Tuan Man was reported by online news portals as saying that Arul Kanda’s explanation on the debt incurred by 1MDB and its debt rationalisation plan was “ satisfactory .” Arul Kanda, who was one of the guests at a PAS roun...