6 Simple Questions Any Malaysian Can Ask 1MDB’s Board (by CiliSos)

IT IS THE WEEKEND. 

Therefore we shall just talk about something serious in a light-hearted kind of way.

Below is an article by the website CiliSos which delved into the financial fiasco called 1MDB. CiliSos asked 6 simple questions for the government and 1MDB to answer.

Be careful CiliSos, the Prime Minister in his latest blogpost had said that those who question 1MDB (actually he was only addressing Tun Dr Mahathir) are motivated by self-interests, not Malaysia’s interests. Why are you so selfish CIliSos?

But since everyone are asking the same type of questions, it seems all of us the rakyat are selfish people.

Good work on the article. We love it. 

>START<

6 SIMPLE QUESTIONS ANY MALAYSIAN CAN ASK 1MDB’S BOARD :)

Before we begin, if you’re reading this and you’re still not very sure about what exactly 1MDB is, we highly recommend reading another article that we’ve written here.

If you’ve followed the news on 1MDB, you may have heard that its CEO, Arul Kanda Kandasamy, recently gave a breakdown of the RM42 billion debt of 1MDB.

1MDB_infographic_1_620_639_100

In his statement, Arul Kanda shows us how much was invested in what. He shows us that the debt did indeed reach a total of  RM42 billion (RM41.8 to be exact). He shows us that we owe people a lot of money. Then he says this.

“We trust this clarification will help to clear any confusion on this matter.” – 1MDB CEO, Arul Kanda, as quoted by The Malay Mail Online

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So we know we owe a lot of money is involved, we know we have a lot of debt, and we know where all this debt is from. Unfortunately, for most of us, these numbers are just numbers. We don’t know what they mean, we don’t know how they affect us, and we sure don’t know what’s at stake.

So Arul Kanda’s answers mean nothing to most Malaysians. (Full disclosure: Arul Kanda was also the school captain at our editor’s college)

Tony Pua (the guy who first brought all of this to light) stated that the answers from Arul Kanda do nothing to quell our curiosity but raise more questions and suspicions. And we agree, because we at CILISOS want to ask more questions as well.

So here are 6 reaally basic questions that should be answered by 1MDB to the rakyat.

1. Has 1MDB made any real money?

First, let’s define the term “real money”. Well, it’s money that came from actually providing a sale or a service. Meaning that it earned something by providing value to someone else.

A couple of news articles have pointed out that while 1MDB has been posting profits in their annual reports, these have not been due to selling or providing anything but from revaluation. Revaluation is basically the process of increasing or decreasing the value of assets ‘in case of major changes in fair market value of the fixed asset’ (click to read more).

Would you give our Prime Minister RM4000 to invest for you    CILISOS   Current Issues Tambah Pedas

How much of an impact does the revaluation have on the profits? Well, The Star reports that (as of 2014) 1MDB’s profits for the last 2 years have mainly been due to revaluation of their assets.

“For instance in 2013, 1MDB recorded a net profit of RM778.24mil, helped largely by property revaluation gains of RM2.7bil.” – The Star

Okay, but what about other profits? Has 1MDB made profits from anything other than the revaluation of their assets? So we tried looking for documents that talked about 1MDB’s profits.

First we found that Arul Kanda stated that the company’s earlier venture with a Saudi Arabian company called PetroSaudi had earned them RM1.78 billion. But then Tony Pua said that this money never came back to Malaysia. You can read how Tony Pua talks about where this money went here. So no real money there.

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Besides that, news portal Malaysiakini has tried to obtain the financial reports of 1MDB’s profits but all they got were reports saying that there were profits. But honestly, what we want to see is what the profits are! 

And aside from these two, nothing else. So the point is that we still can’t find any profit that was, in a sense, real

2. Why did 1MDB invest so much money when it was already in debt?

Before we go into that, let us just clarify something with ugaiz. Contrary to popular belief, 1MDB is not a Malaysian sovereign wealth fund.

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According to investopedia.com, a sovereign wealth fund is usually formed when a nation has excess money. Instead of keeping this money in the central bank (i.e. Bank Negara), a sovereign wealth fund utilises the surplus via investments.

(Ironically our other sovereign wealth fund, Khazanah Nasional, also doesn’t refer to itself as a sovereign wealth fund so we’re not entirely sure that we actually have one.)

1MDB’s official website states a major difference between them and a sovereign wealth fund is that a sovereign wealth fund is funded by the gomen and invests on its behalf. On the other hand, 1MDB, while fully owned by the gomen, raises and invests its own capital.

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But for a company that has to raise and invest its own capital, to be RM42 billion in debt is a crazeeee situation to be in. How in the world does anyone even end up with a RM42 billion debt when you start off with nothing? As we’ve just talked about, 1MDB is NOT a sovereign wealth fund and has to raise its own capital.

So the thing here is, 1MDB did not have any capital to begin with.

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In regards to whether or not investments companies generally borrow to invest, we spoke to a guy who wants to be known as FreeLunch, (a former auditor whom we last spoke to here and whom now we owe 2 free lunches) and he had this to say.

Most funds don’t take debt to invest. One of the Norwegian funds use profits from oil sales to invest globally on behalf of the government.

Funds like hedge funds accept money from individuals/corporations to invest, generally no debt. Private investment funds like those run by rich families take on surplus funds and use it to invest.” – FreeLunch

Which basically means that investment companies rarely if not never invest using debt. So why did 1MDB invest on debt?

Do visit CiliSos for the rest of the article and questions.

#1mdb, #malaysian-corporate-matters, #reference

“You told a lie, Prime Minister”

We look back into a rather amusing past when Pak Lah was getting the heat by bloggers who had enjoyed themselves writing about his administrative mistakes. Those were the days when blogs were fun to read and everyone believed in the bigger cause.

And this video was always the ‘go to’ video by bloggers back then.

*clip from the Yes, Prime Minister series, The Tangled Web episode.

Lest we forget: Rafizi Ramli’s stupid scheme

The boy who cried trying to explain the Kajang Move he orchestrated. Fast forward 7 months, we have a huge mess and upheaval in the state of Selangor.

He even had the cheek to say “we do not manipulate the system like how Umno manipulates the system”.

Spoken like a true conniving manipulator and master spinner.

Shouldn’t he take responsibility and resign, like a man? Enough of this stupidity. Even his explanation on the Kajang Move was filled with nonsense. No mention of Khalid Ibrahim either. Rafizi Ramli is the boy that should be blamed.

 

Top 10 Reasons Why Pakatan Rakyat Is Lowering Your Standards

The standards we are talking about is the standard of being you set yourself as a citizen of this country. Your standard as part of the larger society. And this standard of yours is quickly being eroded by Pakatan Rakyat. Here’s how:

10. When it comes to corruption, all Barisan Nasional MPs and leaders must be seen as corrupt free. But when the leaders of Pakatan Rakyat do it, all of you turned around and say – look Barisan Nasional is even worse. Yes, Pakatan Rakyat had successfully lowered your standards in terms of corruption. In your minds, Pakatan Rakyat can be corrupt because Barisan Nasional is corrupt too. In the end, it is okay for YOU to be corrupt because everyone else is corrupt too.

9. When it comes to Barisan Nasional leaders, the Pakatan Rakyat politicians are telling you that you need better leaders than Bung Mokhtar or Hassan Malek or G. Palanivel or most of the current crop of MPs from Barisan Nasional. But when it comes to their own leaders it does not matter who they are and what quality they possess; the lower the better. That’s why you are okay when Loh Gwo Burne became MP (your lowered standards voted him in), when Anwar Ibrahim was caught in a video with a China doll, all of you still voted for him. Let’s just cut the nonsense and admit that he is that fella in the video and on top of that, he is also guilty of sodomising someone against his will (a homosexual rapist is another term for that). Why can’t you people admit that? Standards too low already? Should we even delve and talk about Mahfuz Omar and even Hew Kuan Yau?

8. When it comes to the education qualifications of Barisan Nasional leaders, Pakatan Rakyat wants you to scrutinise their intelligence and education background. The standards they set for you is that you deserve Barisan Nasional leaders with at least a doctorate level education. But when it comes to their own leaders, anyone will do. Even the intelligence level of Mat Sabu will get him your votes. Recently, a  26 year old UiTM graduate with only one year working experience as a trainee in a law firm is being put as an MP candidate to serve a constituency of 60,000 people. The selling point to the people in Teluk Intan? A promise of hope for things to get better. Yes, we all know the value of a promise in Pakatan Rakyat’s election manifesto. But who cares, your standards are quite low so that is okay. God forbid if Barisan Nasional fielded a candidate with the same amount of education qualifications to what say, Mahfuz Omar acquired. All hell will break lose.

7. Pakatan Rakyat wants you to hound Barisan Nasional leaders for shoddy services and below average performance by the ruling government. You only deserve the best and above all, must not thank Barisan Nasional because it is their duty to provide these to you in the first place. But when it comes to the services by Pakatan Rakyat state government, they want you to lower your standards and forgive them for any poor performance. Because it is not their job to give you top notch services. Even promises can be broken. But don’t stop there, they want you to be angry at Barisan Nasional for any third-rate, poor quality services rendered by Pakatan Rakyat state governments. The JAIS raid on Bible Society as well as Selangor water fiasco are two such examples.

Lying and giving poor services are Pakatan Rakyat's standards which are acceptable by you.

Lying and giving poor services are Pakatan Rakyat’s standards which are acceptable by you.

6. Normally, hypocrisy is a trait which is shunned by most people. But since the arrival of Pakatan Rakyat, they have successfully  ingrained this attitude into you as an acceptable characteristic. You have been downgraded as a walking hypocrite. Take for instance, the call of cronyism and nepotism by Pakatan Rakyat to Barisan Nasional. You people echoed the same sentiment and propaganda against Barisan Nasional. But when it comes to Pakatan Rakyat, they can take all these nepotism and cronyism to another level yet you are okay with it. Not only that you embrace it lovingly and say it is okay for them to have father-son, husband-wife, father-daughter intra-party relationship with a whole gamut of feudalistic family oriented parties. It is all nice and dandy. Right? So sad.

 5. When it comes to Barisan Nasional, double standards is a big no on your part. You are bred by Pakatan Rakyat to believe that Barisan Nasional must never resort to double standards. Say one thing, but do the other. That is unforgivable. But for Pakatan Rakyat, you are blinded or worse, brainwashed to see that practising double standards is acceptable on your part. Want to have a multi racial country but support segregated vernacular schools; want to have an equitable and just society, but want to impose hudud only for muslims; want to have a free and fair elections, but their party elections are very autocratic and riddled with corruption and strife.

4. The freedom of speech within Pakatan Rakyat is near non-existent. You must not criticise the leaders in Pakatan Rakyat, especially if you are a member, and especially if you have a valid reason to criticise. All that will be swept under the carpet and the complainers will be issued gag orders. Worse, they will be kicked out. But God forbid if the freedom of speech against Barisan Nasional is slightly curtailed. When it comes to Barisan Nasional, there must be a no holds barred attitude against them. The Prime Minister must not stifle any unfair defamatory speech against him. But Lim Guan Eng, Anwar Ibrahim and their ilk can sue anyone who says something which they do not like. In other words, there are practising totalitarian leadership right under your nose. Yet, you bask in it pretending it to be a liberal democracy.

3. For years Barisan Nasional has been ridiculed by you when you say it is an old party, filled with political has beens and dinosaurs. You laugh at Barisan Nasional without being cognisant of Pakatan Rakyat’s own pack of grizzled old men. Leading the charge is of course DAP supremo Lim Kit Siang, who will be 77 come next general election. Your ‘prime minister in waiting’, Anwar Ibrahim will be 71 in 2018. Abdul Hadi Awang, your future DPM, will also be 71 in 2018. There are many more oldies in Pakatan Rakyat. So why are you people lowering your standards in accepting dinosaurs as your leaders? Because Pakatan Rakyat asked you to.

2. As your intelligence is being lowered even more, you still find enough time to believe what Pakatan Rakyat told you; that Barisan Nasional treats non-malays as second citizens and that only malay cronies could reap all the benefits this country has to offer. But at the same time you believe another propaganda that says non-malays pay more tax than the malays. And so, those who are ‘oppressed’ by Barisan Nasional suddenly get a lot more income that’s why they are taxed! This contradicting logic would be so preposterous to an intelligent mind, but alas, Pakatan Rakyat has stupefied you to the point of no return. You can’t even step back and take stock on any messages Pakatan Rakyat throws at you. You can’t even perform logical and critical thinking anymore. You just gobble everything up as the truth.

1. When it comes to Barisan Nasional, you are made to believe that the current state of perceived despair and worsening fate of the country has always been the case since Independence. You were made to believe that only Pakatan Rakyat is the saviour of this country. Judging from 9 points mentioned above, it will take only the stupid to believe that Pakatan Rakyat will make this country better. Fact of the matter is, the country under Barisan Nasional has made this country one of the best place to live on this earth and to say that things have always been terrible would be a great disservice to your standard of intelligence. Yes sure, things have not always been perfect. But remember the great 90s and the decades before that? Remember the great country prior to 2008? One of the things that made this country worse is the birth of Pakatan Rakyat. Where were you in the 90s? Perhaps living a happy life at that time with few complaints. Even Lim Kit Siang was a happy, tolerable fellow at that time.

#anwar-ibrahim, #lim-guan-eng, #lim-kit-siang

Here are the top 5 clowns you need to know

Presenting the top 5 clowns of March:

 

Number 5: Tian Chua

 

Tian Chua

Tian Chua sitting quietly by himself, is already a bona fide clown. But when his beloved leader Anwar Ibrahim was sentenced to a 5 year jail after being found guilty for sodomy, he immediately tweeted that Pakatan Rakyat will bring down the government within the next 5 months.

Our brains then took a backflip from reality. Maybe he was nudged in the ribs playfully by his boss to tweet that? Because you see, all these threats are getting old. Remember September 16th 2008? Remember Bersih II? Remember Black 505? How many times have the government changed hands since then?

Tian Chua  tianchua  on Twitter

Which people that will bring down Najib? Will these people go up against our security forces and die or jailed for the sake of Anwar Ibrahim? Hands up to those who are willing to do that. A word of caution though, Tian Chua will be the first person to claim innocence and cry buckets if he were to be sent to jail for it.

Number 4: Mahfuz Omar

 

www.themalaysianinsider.com_images_uploads_mugshots_mahfuz-omar-aug2Mahfuz Omar is one wily politician, but for a human being he failed at it miserably for, a pre-requisite to be a human is the existence of a brain.

And when he said he is willing to exchange places with the passengers and become a hostage in return, there was a loud silence from his fellow Pakatan Rakyat leaders and a roar of laughter from the rest of Malaysians.

“Our concern now is the safety of the passengers. I am willing to exchange places with the passengers and become a hostage if the need arises,” he said.

To whom is he directing this offer? To the non-existent terrorists and hijackers? To CNN? Hoping that the non-existent hijackers can call him up and arrange for a flight to take him instead?

All this one-upmanship just to score some political mileage which contradict common sense must have made the average IQ of unthinking Malaysians dropped even further. But as March was such a terrible month for some Malaysians, what Mahfuz Omar said was a welcomed respite. Teruskan lagi, badut!

Number 3: Lim Lip Eng

LIMLIPENGLim Lip Eng possibly is not very bright to begin with. Otherwise how could an intelligent person, who knowingly have zero knowledge and experience in the navy or the air force, could tell the government to appoint his political peers in DAP as the navy or air force chief? 

As if that wasn’t enough, he genuinely believes that that is the only way for the rest of the world to find the missing flight MH370!

Well, since he is not an intelligent person, he definitely wouldn’t know that his suggestion would be a historical landmark because there was never a time, in any country in the modern world where a politician is promoted to be the commander in chief of an air force or a navy.

Unless maybe, Lim Lip Eng secretly has over 30 years in military service. We do not know. Playing video games do not count YB. If you want to become a civil servant that much, you shouldn’t be in politics. There’s Camp Wardieburn somewhere in Setapak and Camp Batu Kentonmen in Jalan Ipoh. Perhaps you should walk in and enrol yourself.

Thankfully Lim Lip Eng regretted and retracted his statement but stopped short of an apology.

Number 2: Rafizi Ramli

 

rafizi ramli 1The problem with Rafizi Ramli is, he thinks he is right all the time and do not take criticisms gracefully. These are the signs of arrogance and conceit.

Rafizi Ramli is known for trolling other people in cyberspace but when critics trolled him, he could not accept the lashing he received and blocked almost everyone who had expressed different views.

Hounded by charges in breaching the BAFIA Act, Rafizi has not shied away from entertaining us with his comedic schemes to divert Malaysians’ attention from the rotten morass that dwells in his Pakatan Rakyat coalition.

As it turned out, the by election that he proudly claimed to have engineered was just a ploy to divert attention of Anwar’s court ruling. All those excuse (to fortify Selangor, Umno is using racial and religious politics, Khalid Ibrahim failed to change Selangor into a model state of Pakatan, crying crocodile tears etc), are just to help Anwar Ibrahim gain public sympathy (again? How much more sympathy Anwar wants?).

His boss’ political mileage is fast reaching its end. The credibility among most Malaysians has gone. Rafizi Ramli is fast approaching a level where whatever he speaks will be scoffed at. He has made his bed and now he has to lie on it. With all the make-up of a clown.

Number 1: Anwar Ibrahim and Wan Azizah

 

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Political rivals touching each other in a loving embrace

This is a tie. Never has been since the movie Titanic have we seen a lover made not for each other doing foolish things together.

But when Anwar Ibrahim announces his candidacy to challenge his wife for the Presidency post of Pakatan, there was a gasp of disbelief not only within Malaysia but within the vacuous head of Rafizi Ramli too.

How on earth can Rafizi Ramli spin this laughable turn of event?!

So let’s get this straight..

Anwar Ibrahim is challenging Wan Azizah because he sees Wan Azizah as his political rival? Or he does not believe Wan Azizah is the right material as the President of PKR?

Anwar Ibrahim is trying to portray that PKR is a democratic party where just about anyone can challenge the President and he is that only person who can challenge the President?

Or during the eve of nomination day just before they sleep, Anwar whispers to Wan Azizah to let her know that he will be fighting her for the top post? This happened because two minutes earlier, she declined to step down in order to give way for her husband? And then both fell asleep in each other’s arms. And all this decision was made without any input from the rest of the party members of PKR. Even the nosy court jester, Tian Chua was in the dark.

Or is this just another harebrained scheme to checkmate Azmin Ali and/or Khalid Ibrahim? Who cares. This is a family business and PKR, as Anwar Ibrahim’s private vehicle does not care what outsiders think.

We are surprised that Nurul Izzah did not enter the presidency post foray. Now that will be an awesome threesome. Incestuous nepotism and cronyism is synonymous to Pakatan Rakyat. And it is being led by an army of clowns.

#anwar-ibrahim, #sodomy-ii, #twitter

Hannah Yeoh and Teresa Kok must tell Lim Kit Siang to keep quiet

One of the main provocateurs of Malaysian politics, who would provoke people and then play innocent – Lim Kit Siang has crossed the Rubicon and disrespecting one of the muslims’ rites which is the Friday sermon. Lim Kit Siang had lambasted a friday sermon which had mentioned a verse of the Quran, as the causes of public disharmony between races.

The Quranic verse (Al Baqarah: 120) said;

Sahih International
And never will the Jews or the Christians approve of you until you follow their religion. Say, “Indeed, the guidance of Allah is the [only] guidance.” If you were to follow their desires after what has come to you of knowledge, you would have against Allah no protector or helper.
Malay translation

Orang-orang Yahudi dan Nasrani tidak sekali-kali akan bersetuju atau suka kepadamu (wahai Muhammad) sehingga engkau menurut ugama mereka (yang telah terpesong itu). Katakanlah (kepada mereka): “Sesungguhnya petunjuk Allah (ugama Islam itulah petunjuk yang benar”. Dan demi sesungguhnya jika engkau menurut kehendak hawa nafsu mereka sesudah datangnya (wahyu yang memberi) pengetahuan kepadamu (tentang kebenaran), maka tiadalah engkau akan peroleh dari Allah (sesuatupun) yang dapat mengawal dan memberi pertolongan kepada mu.

In the context of Malaysia, this verse has been read and known by muslims for hundreds of years and it has been mentioned in friday sermons in Malaysia for decades. And since independence, there was no problem among the muslims to live and accept people of other religions to co-exist with them. Muslims do not care much about how the Christians, buddhists, hindus lead their lives. Unless if Islam is transgressed and attacked, muslims are ever so ready to live other religions in peace.
We are not sure what religion Lim Kit Siang profess but the fact that he suddenly attacked a Quranic verse and said that it is the sole cause of racial and religious friction will certainly provoke some emotions by the muslims. And just like Teresa Kok, there is no doubt that Lim Kit Siang will play victim if people begin to chastise him.
Hannah Yeoh and Teresa Kok, we hear them as devout Christians, must now tell Lim Kit Siang to keep his mouth shut otherwise sensitivities will be infringed and emotions will run high. And now we have a PKR leader scolding JAKIM for the friday sermon.  Darrell Leiking wants JAKIM to prove that indeed Christians want muslims to embrace Christianity (according to the verse). It is as if Darrell is personally slighted by the verse.
“Siapa makan cili dia terasa pedas”.
Christian leaders of this country must not insult other people’s religion this way. When you begin to question other people’s beliefs and worse, trying to degrade them as the source of disunity (when it is not), then be prepared to be questioned on your own beliefs. Below are statements made questioning Christianity.
Headache

Headache

This sums things up

This sums things up

Makes no sense?

Makes no sense?

Fact

Fact

Fact

Fact

Contradictions

Contradictions with moral values

Funny

Funny

Contradictions

Contradictions

Many will burn in a Christian hell for this

Many will burn in a Christian hell for this

KKK were devout Christians

KKK were devout Christians

The Vatican Church was a strong supporter of the Nazi

The Vatican Church was a strong supporter of the Nazi

Another fact that Christians and the Nazi were friends

Another fact that Christians and the Nazi were friends

The truth

The truth

That's all you can have for dinner

That’s all you can have for dinner

No money, no religion

No money, no religion

Most Christian church leaders are rich people

Most Christian church leaders are rich people

Preach all you want.

Preach all you want.

Hypocrisy

Hypocrisy

From the bible

From the bible

Why would females even be a Christian?

Why would females even be a Christian?

Sexist sadist

Sexist sadist

That is just about right

That is just about right

Blinded and in denial

Blinded and in denial

What it really is..

What it really is..

*All pictures taken from internet.

#lim-kit-siang

A challenge to Rafizi Ramli to prove his sincerity

Apparently just now there was a live forum at Kelab Bangsar attended by Rafizi Ramli as one of it’s panellist.

What was said were telecasted via tweets by @R_Bangsar_Utama as shown below.

It is amazing that the tussle over state political power between Azmin Ali and Khalid Ibrahim was pathetically been diverted by Rafizi Ramli as a scheme to rein in the “racist” strategy propagated by Umno at national level..

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..and in his tears he asked people to punish PKR should they feel their Kajang Move was just a scheme to pacify the power struggle in PKR.

There is an easier way.

How about we challenge Rafizi Ramli and his group of PKR schemers and power hungry con men, not to put any PKR candidates in the coming Kajang by-election.

That way, people do not have to punish PKR and PKR if they are sincere, do not even have to take part, because they had triggered this fiasco and it is only befitting that they stay away from it.

This challenge will end till 12pm 31st January 2014 GMT +8.

If PKR do not announce their withdrawal from this by-election, then all sundry will know that Rafizi Ramli only shed crocodile tears and their pursuit for power is mainly individualistic and selfish. Centred only on one man and Rafizi Ramli as the loyal stooge.

It is sad that once long ago, Rafizi Ramli was thought of as a principled and honest man.

 

#anwar-ibrahim, #twitter