Posted by kk123 > 2014-11-15 17:13 | Report Abuse

1mdb is a fund for BN to enjoy and use later on . That's why it will never be properly audited as top political personalities have interest in this funds

Posted by alenac > 2014-11-15 18:14 | Report Abuse

Billions loss if not for creative accounting, goodwill and revaluation of land.

"Edge Weekly, which has analysed 1MDB's numbers for financial years ended March 31, 2011 (FY11) to 2014 (FY14), said the government's 100%-owned entity had relied on some RM5.03 billion in land revaluation gains largely due to 1MDB buying land cheap from the government.

1MDB also registered RM3.3 billion goodwill from overpayment for power assets it acquired, according to Edge Weekly."

http://www.theedgemarkets.com/en/node/169989

Posted by squidoo > 2014-11-15 20:57 | Report Abuse

May I know if other countries have an equivalent to 1mdb?

Posted by klsetitan > 2014-11-16 17:45 | Report Abuse

Squido: maybe Zimbabwe .. :p

Posted by squidoo > 2014-11-16 22:03 | Report Abuse

Hahaha, Zimbabwe! What a comparison xD