On Thursday, the second Finance Minister, Datuk Seri Husni Hanadzlah said he would table a roadmap for 1Malaysia Development Bhd (1MDB) to the Cabinet on Friday to strengthen and solve the problems plaguing 1MDB and that the roadmap would be made public after it is tabled in the Cabinet.
The Save 1MDB Roadmap has not been made public after the Cabinet meeting as promised, only the announcement by Husni that 1MDB will receive US$1 billion (RM3.67 billion) from Abu Dhabi’s International Petroleum Investment Company (IPIC) to repay a US$975 million loan maturing in August but which a consortium of German lenders is seeking an early settlement due to a breach of covenant in the loan agreement by 1MDB.
But the Malaysian public have not been told what 1MDB’s USD$1 billion Abu Dhabi lifelife would cost Malaysia as everybody should know of the truism that there is no free lunch in the world.
Malaysians have also not been informed of the other details of the agreement with International Petroleum Investment Company (IPIC) and its Aabar Investments unit, which are said to include “further measures to comprehensively address the various financial asset and liability transactions between the parties” or aspects of the rationalisation plan of 1MDB.
Have these details of the Save 1MDB Roadmap been presented to the Cabinet yesterday or were the Cabinet Ministers as usual asked to give a blank cheque approval for the Save 1MDB Roadmap without any details to allow the Ministers to discuss and decide on the viability and sustainability of the of the Roadmap and whether to approve the conditions to save 1MDB – even though the Ministers will have to be collectively responsible for the Save 1MDB Roadmap?
Are the Ministers in the same position as members of the Malaysian public, or to use the words of UMNO Vice President and Minister for Rural and Regional Development, Datuk Seri Mohd Shafie Apdal on Wednesday, that the Ministers were just as unclear as the public over the 1MDB’s opaque deals? Continue reading “As Save 1MDB Roadmap is in fact Save Najib Roadmap, did Najib excuse and absent himself from yesterday’s Cabinet decision on the 1MDB Roadmap because of personal conflicts of interest?”