Ibrahim Sani Profile picture
May 23, 2018 7 tweets 4 min read Twitter logo Read on Twitter
1MDB update from MOF:
1. The Directors of 1MDB confirmed that 1MDB was “insolvent”
2. 1MDB is unable to repay its debts
3. Arul Kanda says he is on garden leave therefore Arul says doesn't know what's happening in the company

4. Arul Kanda says all financial matters were handled strictly by the company CFO
5. Arul Kanda says he is absolutely uncertain as to what the value of these ‘investments’ are
6. Arul Kanda says he doesn't know whether they even exist in the first place
7. LGE FinMin has instructed PwC to conduct a special position audit on 1MDB
8. LGE FinMin says "Arul Kanda’s response was utterly shocking and preposterous because prior to the change of government, he toured the country preaching the financial viability of 1MDB"
statement in full
9. BEFORE #GE14: Arul Kanda says that 1MDB can pay its debts

10. AFTER #PRU14: Arul Kanda says he doesn't know financials of the company, he says CFO does the dealings, he is unsure if there are assets to be sold
RECAP: 1MDB auditors

2014-2016: Deloitte
2010-2014: KPMG
2009-2010: EY

PwC has never been 1MDB's auditor despite numerous times 1MDB asked them to do so

Today, PwC now instructed to audit 1MDB after FinMin LGE asked them to do so

@501Awani is reaching out to PwC for comments
Statement by @MOFmalaysia on the rm7.0 bil that MOF has paid on behalf of #1MDB

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More from @ibrahimsaninet

May 25, 2018
Press Conference by Head of Commercial Crimes Department Dato Sri Amar Singh Ishar Singh.

PC is in 2 segments. One in BM, one in English
PC Amar Singh:
1. Saya ada 2 tujuan bagi PC pagi ini.
2. Pertama, adalah untuk menyangkal maklumat tidak benar yang ditular di media sosial
3. Kedua, beri maklumat terkini tentang rampasan berkenaan siasatan ini
4. Jumlah estimate wang yang dilaporkan di media cetak, adalah palsu dan tidak benar
5. Kenyataan jumlah wang yang poils kira tidak benar
6. Gambar yang ditular, barang kemas tidak benar
7. All this is fake news
Read 11 tweets
May 22, 2018
Lim Guan Eng Finance Minister (FinMin)
1. Certain files can only be accessed by certain people
2. It is clear previous government playing hot buttons with some data
3. I directed all accounts must be directed to Auditor General and Treasury
FinMin LGE PC:
4. Arul Kanda remain CEO as 1MDB until 30 June
5. I've given instructions to Arul Kanda to brief ministry on affairs of 1MDB
6. I've been informed by MOF has been bailing out 1MDB payments since 2017
7. 1MDB has been deceiving Malaysians
FinMin LGE:
8. 1MDB has been deceiving the people saying they can finance their debts
9. All this while, it was MOF that has been paying 1MDB debts
10. 1MDB has payment due next week, I've instructed Arul Kanda to explain if 1MDB is capable to make the payment
Read 9 tweets
May 15, 2018
IMPORTANT: Ini bebenang (Thread) ringkasan eksekutif Laporan Pengauditan #1MDB yang dikeluarkan oleh Jabatan Audit Negara
Latar belakang: Cabinet 4/5/15 arah JAN utk verify akaun 1MDB utk pembentangan di PAC. 27/2/15 PAC minta JAN buat audit 1MDB. JAN memulakan audit 1MDB pada 10/3/15. Audit period: 10/3/15 hingga 15/6/15. Interim report diberikan ke PAC pada 9-10/7/15
JAN hadapi limitasi semasa membuat audit kerana sebahagian dokumen asal dan penting lewat diserahkan atau tidak diserahkan oleh 1MDB bagi tujuan pengesahan transaksi dan bukti. Limitasi ini memberi impak signifikan terhadap pengauditan.
Read 7 tweets
May 13, 2018
I'm going to start a thread on #PRU14 analysis. Feel free to join in on the conversation.

Let's start with voters themselves, before we jump into results....

Malaysians over 21 = 18,359,670
Registered voters = 14,940,624
#GE14 turnout = 12,299,514 (82.32%)
Even though turnout for 2018GE > 2013GE, the absolute people coming out to vote is the highest in Malaysia's history. This is remarkable because voting day is mid-week.

Until today, SPR/EC do not provide explanation why they made voting day on Wednesday
Now on to the results....

UMNO is the biggest loser. GE13= 88 seats (+9) GE18= 54 (-34)
BN 2nd biggest losre. GE13= 133 seats (-7) GE18= 79 (-54)

Losses on BN is across the board. PBB (-1), PRS (-3), MCA (-6), MIC (-2).... you get the idea
Read 11 tweets

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