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1 MDB tragic comedy or just tragic?

stockmanmy
Publish date: Tue, 26 Apr 2016, 10:54 PM
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Trade at your own risk. I am here only to vomit out my feelings
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1 MDB tragic comedy or just tragic? 

who cheat who? 

IPIC/ Abrar cheat 1 MDB ? 
or did 1 MDB cheat IPIC/ Abrar ? 

Can deposit money in wrong account one ah? 
Can believe one ah? 

The truth of the matter is that IPIC sold a CDS., credit default swap 
At that time, a CDS on 1 MDB would have cost less than 10% or 1000 points even without government guarantee. 

Having collected the premium on CDS, IPIC would have to honor the obligations. 

So, who cheat who? 

IPIC could claim 1 MDB cheated them because it was a fraud case involving money laundering and the loan money was laundered and had no intention to repay. 


So, how far will the government go in playing the game? 


IPIC can insist that 1 MDB has to declare bankruptcy before they honor their obligations. 

Will 1 MDB declare bankruptcy?

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Discussions
1 person likes this. Showing 8 of 8 comments

moneySIFU

Is like, sorry, I can't pay you because A didn't pay me. So it's not my problem. It's A problem.

2016-04-26 23:00

Bruce88

But the cocok still talking big up there ?! Apandi was also speechless !

2016-04-26 23:03

stockmanmy

Arul tells so many lies
it is difficult for him to keep track of his own lies.

2016-04-26 23:11

Icon8888

All the extra money you and I paid for GST were squandered by jibmah

2016-04-26 23:35

moneySIFU

Ha, I like jibmah, but I prefer mahjib, as we all know mah always walk in front of jib.

2016-04-26 23:38

supersaiyan3

Who cheat who?

In fact, if you follow the story, investigators already trace whereabout are the monies. The Malaysian side got to insist they did actually paid them even though both sides knew "duit tolong sama tolong" already. With Ah Jib insists our sides knew nothing of the heist, well, then it is the officers kena tangkap only.

2016-04-27 00:46

914601117

Rosjib is busy looking for a scapegoat and claim that "it" is a victim of fraud!!

2016-04-27 01:56

stockmanmy

is it tragic comedy or just tragic when kampong folks accept every thing?


towns folks got no say.

even good brother in CIMB has become bad guy causing CIMB to be investigated for money laundering.

2016-04-27 02:13

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