Cover image via themalaysianinsider.comPutrajaya admits to RM11.1 billion liability if 1MDB can't pay up
Finance Minister Datuk Seri Najib Razak confirms in a letter to the Parliament that Putrajaya will be liable only if 1MDB fails to pay debts.
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Over-concentration of power, muzzled media, and lack of transparency among reasons for 1MDB's disaster
The press release announcing that Sarawak Report's chief investigative journalist, Clare Rewcastle joining the forum "1MDB: The Ultimate Low Down" via video conference.
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Clare Rewcastle Brown, whistleblower of the Sarawak Report addressing the audience at the '1MDB: The Ultimate LOW Down' forum at the Crystal Crown Hotel in Oetaling Jaya, 15 March via video-conference.
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13 March: Second Finance Minister Admits That 1MDB's Financial Is Not Sustainable
12 March: 1MDB Transfers RM4bil From Cayman Islands To Singapore, Kadir Jasin Says That's "Stupid"
9 March: A task force has been set up to investigate debt-ridden 1MDB
5 March: Secret sources reveal 1MDB's plans to be dismantled, but 1MDB says otherwise
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4 March: The Sarawak Report's 1MDB-PetroSaudi exposé accusing tycoon Jho Low of siphoning US$700 million from the company did not go unheard
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Yesterday, Prime Minister and Finance Minister Najib Razak summoned the 1MDB management and its auditor Deloitte to explain the shocking allegations to the Cabinet
After listening to the brief, the Cabinet decided that 1MDB, which is RM42 billion in debt, has done nothing wrong
Najib also ordered the Auditor-General to vet through 1MDB's account and forward it to the Public Account Committee (PAC)
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The Cabinet's move to absolve 1MDB of any wrongdoing comes as a bittersweet surprise. While the PM's orders to audit the company is welcomed, many exclaimed that it is too premature to discharge 1MDB.
"How can 1MDB be cleared even before the AG starts his investigation?" asks Tony Pua
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Veteran journalist Datuk A. Kadir Kasin says this signifies that Najib is shifting part of the responsibility for 1MDB to the Cabinet
Meanwhile, PAC chairman hopes the AG will look into issues pertaining to the source of RM2 billion for loan settlement, its dealings with PetroSaudi, and the money in the Cayman Island
1MDB president Arul Kanda Kandasamy also says the company is ready to cooperate as the recent attacks against them were "clearly" politically motivated
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