|RIBA US400 JUTA @ RM1.4 BILLION|
HASIL TUAIAN 1 MDB MELALUI CAGARAN BOND
DI CAYMAN ISLAND
APAKAH JENIS PERNIAGAAN YANG MEMBOLEHKAN 1 MDB
MENERIMA PULANGAN SEBEGINI LUMAYAN
"NAJIB MERASAKAN BERNIAGA KERTAS LEBIH MENGUNTUNGAN"
" HALAL ATAU HARAM BUKAN LAGI SATU KEKANGAN"
'ASAL BARANG JADI DUIT'
Soal Tun Dr Mahathir
Najib tidak menjawab persoalan mengenai pelaburan 1MDB di bank luar pesisir Cayman Islands, yang disifatkannya sebagai satu “perjudian”.
"A billion dollars. You must keep it somewhere, you see. I don’t know where the money is. That is part of transparency," the Dr Mahathir had said.
The strategic investment fund, the brainchild of Prime Minister Datuk Seri Najib Razak and owned by the government, was to have brought back its Cayman funds before the end of November as agreed with its auditors, Deloitte Malaysia.
- See more at: http://www.themalaysianinsider.com/malaysia/article/pkr-demands-bank-negara-probe-after-report-1mdb-caymans-funds-not-repatriat#sthash.YvS6nMEG.dpuf
Datuk Seri Najib Razak tidak menjawab kritikannya mengenai firma pelaburan negara, 1Malaysia Development Bhd (1MDB).
KUALA LUMPUR, Feb 7 — 1 Malaysia Development Berhad (1MDB) will not repatriate the US$1.103 billion (RM3.91 billion) it redeemed from its Cayman Island investments, CEO Arul Kanda Kandasamy has confirmed, as the money will be used to service the firm’s debt interest payments.
In a report today in Singapore’s Business Times, Arul Kanda, in clearing the air over the movement of the recently redeemed funds, said it was only “sensible” that the money stays in US dollars.
“There’s a very sensible and simple reason for that. We are keeping the money in US dollars as we have US$6.5 billion (RM23.06 billion) in bonds out there, in which interest payments come up to nearly US$400 million (RM1.4 billion) a year,” he was quoted saying in the report.
Explaining further, Arul Kanda said this US$1.103 billion is the second tranche of funds in 1MDB’sCayman Islands foray, which totalled US$2.32 billion (RM8.23 billion).
He said although the entire sum has been redeemed in full, only the first tranche of US$1.22 billion (RM4.33 billion), which was redeemed last year, has been repatriated.
“The cash is in our accounts and in US dollars. I can assure you (about that)... I have seen the statements,” Arul Kanda said, according to the Business Times.
But he added, “People need to understand that the first tranche has been fully spent.”
Arul Kanda said according to the notes to 1MDB’s latest accounts, it was revealed that the redemption proceeds from the first tranche were “substantially utilised” in September last year to service the debt interest payments, working capital as well as payments to Abu Dhabi’s Aabar investments — estimated at RM830 million.- See more at: http://www.themalaymailonline.com/malaysia/article/redeemed-cayman-island-funds-to-pay-off-1mdb-debt-interest-ceo-says#sthash.11IC8iRQ.dpuf
Cahaya Al Majid