30 May '15, 5am

As Save 1MDB Roadmap is in fact Save Najib Roadmap, did Najib excuse and absent himself from yesterday’s Cabi...

On Thursday, the second Finance Minister, Datuk Seri Husni Hanadzlah said he would table a roadmap for 1Malaysia Development Bhd (1MDB) to the Cabinet on Friday to strengthen and solve the problems plaguing 1MDB and that the roadmap would be made public after it is tabled in the Cabinet. The Save 1MDB Roadmap has not been made public after the Cabinet meeting as promised, only the announcement by Husni that 1MDB will receive US$1 billion (RM3.67 billion) from Abu Dhabi’s International Petroleum Investment Company (IPIC) to repay a US$975 million loan maturing in August but which a consortium of German lenders is seeking an early settlement due to a breach of covenant in the loan agreement by 1MDB. But the Malaysian public have not been told what 1MDB’s USD$1 billion Abu Dhabi lifelife would cost Malaysia as everybody should know of the truism that there is no free lunch in...

Full article: http://blog.limkitsiang.com/2015/05/30/as-save-1mdb-roadm...

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