Lim Guan Eng: Ringgit falls due to 1MDB

Penang: Chief Minister Lim Guan Eng said that the recent fall of ringgit is due to 1MDB issues.  He stated that that he warned the Federal government not to play with the economy however it has fallen into deaf ears.  “It is a common knowledge that the Ringgit fall is due to 1MDB” he said. He also added that some people did not want to admit this fact and did not listen. “Even Tan Sri Muhyiddin Yassin is not able to stand with it and voiced it out” Guan Eng mentioned during a speech at Komtar event recently.

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Najib: 1MDB debts to be reduced in 6 months

Pasir Gudang – According to Prime Minister Najib Razak, 1MDB debts will be reduced in phases to an acceptable level within 6 months period and the matter has been disclosed to UMNO members.  According to Najib Razak, the 1MDB loss has been sensationalize in Social medias and Internet although the company has not made any loss yet.

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PetroSaudi International Ltd. or simply known as PetroSaudi is one of the biggest private limited company that base its operation in the area of oil exploration and production, where it was established in 2005 and founded by Tarek Essam Ahmad Obaid and several private investors. The co-founder and CEO of PetroSaudi, Tarek Obaid, is responsible for the company’s overall strategy, management, and high-level of political relationships. He who is a graduate from Georgetown University’s School of Foreign Service is an experience leader and has been both founder and investor in a wide range of businesses that includes technology, financial services and real estate industries.

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Jho Low

Jho Low whom born as Low Taek Jho is a Chinese person that works as an agent and as a financier in Malaysia. He who had gained notoriety in New York as a “tabloid party boy” is also reported to have a close relationship with the stepson of current Malaysian Prime Minister Najib Razak that goes by the name of Riza Aziz.He has also been associated with several high value transactions mostly in the acquisitions of businesses, luxury art and real estate, as well as philanthropy. All of the transactions made by him are often opaque which make it unclear whether he is acting as an agent or on his own behalf. In addition, he also runs a finance company in Hong Kong called Jynwel Capital.

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Terengganu Investment Authority

Before there is a company called 1 Malaysia Development Berhad (1MDB) been made viral by the media, there is an authority called Terengganu Investment Authority (TIA). The TIA which was setup with a starting fund of RM10bil in the late 2008 was been made as a sovereign wealth fund aimed at the state of Terengganu’s economic development. The authority that had appointed Tunku Mizan as the chairman for the TIA’s board of advisers will work alongside with Terengganu Menteri Besar (First Minister) in managing the oil royalty payments from the Federal Government to the state.

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Najib says he was cleared by MACC over corruptions

Kuala Lumpur – Malaysian Prime Minister Datuk Seri  Najib today says that MACC has cleared him on corruption charges over a $700 USD million or RM 2.6 billion that was transfered to his personal account over an UMNO division meeting at Bandar Tun Razak Today.

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Najib: Clouded minds lead to suspicion of 1MDB

PUTRAJAYA – Certain individual or group in some places in Malaysia has created the negative perception on 1Malaysia Development Berhad (1MDB), and this had become the reason behind the public suspicions about the state investment arm said by Prime Minister of Malaysia, Datuk Seri Najib Tun Razak. The perception spread via the social media has made Datuk Seri Najib felt upset on the news.

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MACC: RM 2.6 billion in Najib account is from donation, not 1MDB

Kuala Lumpur: The Malaysian Anti-Corruption Commission (MACC) today stated that investigation revealed that the money deposited directly into Najib’s account did not come from investment arm 1MDB.”Investigations have found the RM2.6 billion which was allegedly deposited into the prime minister’s accounts is the contribution of donors and not from 1MDB funds,” said the commission in a statement. The statement came after hints from BN leaders recently that the money may be from donation sources. The investigation on SRC International Sdn Bhd which involves the sum of RM 4 billion is still ongoing.

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Public Prosecutor’s office at MACC raided by Special Branch for 1MDB documents

Putrajaya, August 1- Special Branch police has raided MACC DPP Ahmad Sazilee Abdul Khairy’s office and confiscate documents and laptop computer related on 1MDB.  According to sources a team of police which consist of 12 men including officers and men raided Deputy Public Prosecutor’s office at Presint 3 at Putrajaya.  The Special Branch also readed Sazilee’s home at Presint 11 earlier.

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Muhyiddin Yassin: PM should tell the truth on 1MDB

Kuala Lumpur:  Deputy Prime Minister Muhyiddin Yassin has publicly announced that Prime Minister Najib Razak has to explain the 1MDB issues to the people on Sunday night. The issue was raised after the closing event of UMNO Cheras annual division meeting. Muhyiddin Yassin said that he chose to speak up  so that the government will not underestimate the people’s sentiments on 1MDB.

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