Tuesday, January 05, 2016


When 1MDB was linked as debt-laden company, it was not just crticised fiercely within Malaysia but drew the attention of the world too. But we all knew that these critics barely touched on what lead 1MDB to such misfortune.

Let us be reminded once again that 1MDB failure in IPO listing is the root to the company’s debt. Why did it failed? In the process to list in IPO, potential investors confidence is crucial but when 1MDB was tarnished with negative perceptions, many withdrew.

The pandora box were not concealed for too long to uncover the crisis rogues. It was never a coincident but a well planned strategy from within and abroad with one purpose and that is to demonise Prime Minister Najib Razak. When a Swiss national Xavier Andre Justo was arrested and sentenced to 3 years jail by a Thai court for blackmailing his former employer PetroSaudi International, the pandora box starts to speak.

1MDB was grilled to settle it’s debt of RM42 billion as recorded in the financial statements for 2014 after the IPO listing failed. Later on 29 May 2015, 1MDB recommended its rationalisation plans to the Cabinet to reduce its debt within a period of 6 months.

As promised by Prime Minister Najib Razak... read further HERE

No comments: