30 Jun '17, 2am

1MDB’s RM56m since 2011 to sponsor 5,711 pilgrims is only .01% of total 1MDB debts of some RM50 – 55 billion https://t.co/aYdY6enNj5

It was announced today that 1MDB had spent RM56 million to sponsor 5,711 pilgrims to Mecca since 2011. This seems to be a major allocation of charity, but is really a drop in the ocean of 1MDB debts. Nobody knows what are the total debts which had been piled up by 1MDB, which eventually would have to be paid by generations of Malaysians. This is because the last accounts of 1MDB to be audited and published was up to the end of March 2014, with three years of outstanding 1MDB accounts from 2014 to 2017 a mystery even to Cabinet Ministers! The total debts of 1MDB could be in the region of RM50 – RM55 billion – which would put the RM56 million allocated by 1MDB to sponsor pilgrims to Mecca in the past six years since 2011 to represent only a paltry .01 per cent of the total 1MDB debts. If 1MDB had allocated 1% of its total debts to sponsor pilgrims to perform haj in Mecca, th...

Full article: https://blog.limkitsiang.com/2017/06/30/1mdbs-rm56-millio...

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