I bet 1 Malaysia Development Berhad will have to clarify another Wall Street Journal report that more money to a petroleum company in Abu Dhabi 'went missing'.
Following its report last week that USD1.4 billion apparently sent by 1MDB to the International Petroleum Investment Corporation (IPIC) in Abu Dhabi wasn’t recorded in the financial statements of the latter, WSJ has alleged in a new take that another USD993 million reportedly paid by 1MDB to the same company appears to have gone missing.
“The fund was now struggling to repay more than USD11 billion in debts. It’s also at the centre of a corruption scandal destabilizing the Najib Government,” noted WSJ.
Well, let's wait for 1MDB to clarify.
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And in a related development, former Umno leader Khairuddin Abu Hassan (pic, with Matthias) has been allegedly barred from leaving the country.
In a Facebook posting on Friday, Khairuddin claimed that apart from having his exit barred, he was also blacklisted on orders from Bukit Aman while attempting to fly to New York and London.
"What was disappointing was that the Malaysian Immigration Department told me that there was no specific reason to bar me from going overseas and that the Bukit Aman police had only informed the Immigration that the ban was due to 'special reasons',” he said.
Khairuddin, who had lodged two police reports against 1Malaysia Development Berhad (1MDB), was sacked from his position as the Batu Kawan Umno division vice-chairman in February.
So, who should explain this? Our IGP? Or Immigration DG?
Following its report last week that USD1.4 billion apparently sent by 1MDB to the International Petroleum Investment Corporation (IPIC) in Abu Dhabi wasn’t recorded in the financial statements of the latter, WSJ has alleged in a new take that another USD993 million reportedly paid by 1MDB to the same company appears to have gone missing.
“The missing nearly USD1 billion is the second payment that 1MDB reported it made to IPIC and which the company said that it didn’t receive.”1MDB said last week that it stood by its audited financial accounts and that its auditor, Deloitte Touche Tohmatsu Ltd, had made “specific and detailed” inquiries into the collateral transfer before signing off on the accounts.
“Officials from both 1MDB and IPIC and Deloitte, the auditors, declined comment,” said the WSJ. “The questions deepen the mystery around 1MDB which was set up by Prime Minister Najib Abdul Razak for strategic investment and development purposes.”
“The fund was now struggling to repay more than USD11 billion in debts. It’s also at the centre of a corruption scandal destabilizing the Najib Government,” noted WSJ.
Well, let's wait for 1MDB to clarify.
In a Facebook posting on Friday, Khairuddin claimed that apart from having his exit barred, he was also blacklisted on orders from Bukit Aman while attempting to fly to New York and London.
"At 8 o'clock this morning I went to the Immigration Department headquarters in Putrajaya to seek clarification from the passport security department but unfortunately, the Malaysian immigration officials only informed me that this was carried out on orders from Bukit Aman police headquarters.Khairuddin claimed that the action to bar him was ordered by the police and not the Immigration Department.
"My lawyer Matthias Chang was also present at the immigration office because he too was blacklisted without any concrete reason," he added.
"What was disappointing was that the Malaysian Immigration Department told me that there was no specific reason to bar me from going overseas and that the Bukit Aman police had only informed the Immigration that the ban was due to 'special reasons',” he said.
Khairuddin, who had lodged two police reports against 1Malaysia Development Berhad (1MDB), was sacked from his position as the Batu Kawan Umno division vice-chairman in February.
So, who should explain this? Our IGP? Or Immigration DG?