1MDB’s IPIC deal
I am pleased to announce that 1MDB has entered into a binding agreement with the IPIC and its subsidiary Aabar Investments PJS (Aabar). As part of this agreement, IPIC will make a payment of US$1 billion, on or before June 4, 2015. This US$1 billion payment will be used to repay a US$975 million loan, in advance of its due date, to a syndicate of international bank lenders.
Ahmad Husni Hanadzlah, Second Finance Minister, announcing UAE's International Petroleum Investment Company (IPIC) will pay 1MDB's US$975 million (RM3.57 billion) debt to an international banking consortium which is demanding payment four months ahead of schedule
This is a business transaction; not a loan, not any kind of debt and not a bail out.
Arul Kanda, 1MDB president, denying that the US$ 1 billion from an Abu Dhabi company to help its debt repayments is a bailout
IPIC and Aabar would certainly not inject RM16.4 billion if they did not obtain in return a valuable security or shares that are worthwhile. It could be that they want shares and not collateral.
A Kadir Jasin, former News Straits Times group editor in chief, claming that IPIC and Aabar could receive up to 49% of shares in Edra Global Energy, a subsidiary of 1MDB, in exchange for the US$ 1 billion aid
RM1 mil award to expose Dr M
CAGM is prepared to offer hefty rewards to individuals who can provide substantial information and evidence that can lead to the recovery of hidden cash and assets belonging to former prime minister Dr Mahathir Mohamad.
Citizens for Accountable Governance Malaysia (CAGM), offering a reward of up to RM1 million for information about alleged wrongdoing by Dr Mahathir Mohamad during his 22 years as prime minister
Why wasn't such a RM1 million bounty offered during Dr Mahathir's 22-year tenure as PM from 1981 to 2003? Was it because such an offer would find himself in incarceration even before the ink of such an offer could dry?
Lim Kit Siang, DAP advisor
It is up to PAS members whether they want to liberate themselves and follow their own policies or to follow DAP's dictates.
Tuan Guru Abdul Hadi Awang, PAS president
I think we can't continue with race-based politics. For Umno it is self defeating, because you have, say, three million members. But there are more than 60 million voters. Umno can never expand if only Malays can join Umno. But those organisations which are open to everyone, everybody can join.
Tengku Razaleigh Hamzah, Gua Musang MP, telling Umno to open its membership to other races