ARUL KANDA, A MARKED MAN

Che Dets' blog, 27 Apr 2016:

1. Finally, frauds reported by the print and electronic media around the world has been declared as true by the President and Executive Director of 1MDB, Arul Kanda Kandasamy.

2. Arul confessed to the failure of 1MDB to pay US1 billion (RM3.9 billion) to IPIC (International Petroleum Investment Company – Abu Dhabi), the company that guarantees debts of 1MDB.
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SAVE's comments:
Arul was doing good in Abu Dhabi when he was lured to take the post at MDB with promise of megabucks by Najib. He didn't know what was coming then and now worst he knows what is in store. He has to save his own skin.

i.  His career in the financial world is going into the drains by too much lying on the MDB mega scandal. He is paid millions to do such to save the unsavable Najib.

ii. He knows the ins and outs of MDB meaning knowing too much to his liking. Najib would not let him go and will make him a scapegoat to bear the brunt of the accusations and go to prison.

iii. Institutions (FBI, CIA, IPIC ...) and countries (Singapore, US, Switzerland ...) affected by the MDB mega scandal will look for him for evidence to pin down and arrest the crooks.

iv. Surely, Arul is a marked man. He must be very careful where he treads. He has nowhere safe to go though he may turns crown witness.

v. After Altanthuya, Bala, Najadi, Khalil, Morais, who?

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PENIPUAN DALAM 1MDB 

1. Akhirnya penipuan yang dilapor oleh media cetak dan elektronik di seluruh dunia diakui benar oleh Presiden dan Pengarah Eksekutif 1MDB, Arul Kanda Kandasamy.
2. Arul mengaku akan kegagalan 1MDB membayar US 1 billion (RM 3.9 billion) kepada IPIC (International Petroleum Investment Company – Abu Dhabi), syarikat yang menjamin hutang 1MDB.
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FRAUDS IN 1MDB
1. Finally, frauds reported by the print and electronic media around the world has been declared as true by the President and Executive Director of 1MDB, Arul Kanda Kandasamy.
2. Arul confessed to the failure of 1MDB to pay US1 billion (RM3.9 billion) to IPIC (International Petroleum Investment Company – Abu Dhabi), the company that guarantees debts of 1MDB.
3. According to IPIC, a company named Aabar PJS Ltd (British Virgin Islands) that received payments from 1MDB does not belong to them, although they own a company with almost a similar name, which is Aabar PJS Ltd.
4. If 1MDB had paid USD1 billion to a fake company, there is the possibility that the company had been incorporated with the knowledge of 1MDB itself and the money was eventually deposited into a personal account. Such allegations have been made by people, and the statement made by Arul that there is fraud in 1MDB only serves to confirm these allegations.
5. Arul will try to rectify the mistakes, but after his confession, it is difficult to right the wrong. It is better for Arul to reveal everything, regarding the auditors who were dismissed, the USD1 billion invested in the 1MDB/Petro Saudi JV without the approval of its directors, without due diligence exercise,, and then dissolved, but the capital was not returned to 1MDB, but on the other hand was loaned to Petro Saudi, the money that went to the Cayman Islands and not back to Malaysia but went to Singapore where it appeared as “units”, which was sighted by Arul but not seen by him, the role of BIS Bank and others owned by Jho Low, the trail of 1MDB money to Hong Kong, Switzerland, London, United Kingdom, British Virgin Islands, Seychelles, Abu Dhabi, misuse of KWAP’s money, SRC’s money that flowed into Najib’s account, oil concessions in Argentina and Turkmenistan, which were supposed to be assets but did not eventually become assets, and thousands more stories involving 1MDB’s money, which were clarified, denied, confirmed, and disappeared not to be mentioned again.
6. Indeed, the country has never witnessed a scandal as huge as the 1MDB scandal. People who used to have difficulty in sizing how big one million is, are now trying to comprehend how much one billion is, and forty-two billion. How can billions of money be transferred here and there and finally ended up in Najib’s personal account. People become confused with the stories of so much money making their way to all corners of the world.
7. Then there is this story about the production of a pornographic movie costing hundreds of million of Ringgit financed by Najib’s stepson. Whoa! Plenty of money! Where does it come from? So Easy. Family fortune? Apparently multi-milionaire Malays have long been in existence.
8. And so much more admissions can be made by Arul, by the Chairman of the Advisory Committee, the Attorney General and the Inspector General of Police and not forgetting Datuk Shahrol Halmi who was so brave in acting alone to borrow and invest billions of Ringgits and USD for 1MDB without authority, without the approval of the Board of Directors and his superior. Whoa! Shahrol you are really confident. Was he also involved with the payments to Aabar PJS Ltd (Virgin Islands)?
9. A film drama can be made regarding 1MDB involving relevant personalities as well as locations throughout the world. Red Granite can invest and several prominent personalities can be an actors. Probably it will win an Oscar.
10. Such is the story of 1MDB that successfully introduced Malaysia to the world. Lots more tourists will becoming to this 1MDB Country.
11. Indeed, Behold Magnificent Malaysia during the times of Najib !!