Blog: Flashy Malaysia Financier Said to Sell Picasso, Basquiat at Loss - Bloomberg

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6 comment(s). Last comment by Frank Soweto 2016-02-13 05:33

Desa20201956

2,286 posts

Posted by Desa20201956 > 2016-02-12 12:28 | Report Abuse

It's our money from 1 MDB......shit.

914601117

541 posts

Posted by 914601117 > 2016-02-12 13:04 | Report Abuse

not really, the money need to be repaid by future generation

BILLC

2,043 posts

Posted by BILLC > 2016-02-12 13:04 | Report Abuse

This is the last option for fat low ,,,,take money and run away

haikeyila

1,068 posts

Posted by haikeyila > 2016-02-12 14:21 | Report Abuse

will he now sell hevea at a loss? lol

sulaimanab1955

199 posts

Posted by sulaimanab1955 > 2016-02-12 17:16 | Report Abuse

No, he made big money in hevea, lol

Frank Soweto

3,425 posts

Posted by Frank Soweto > 2016-02-13 05:33 | Report Abuse

Not sure why fei chai did not put a reserve instead of selling at a loss?
ah this was the reason - it was pledged as part of the collateral for 100 mil loan so it was forced selling LOL :( so really did not have a choice n now the big question will be how to pay back the remaining balance of 46 mil plus assuming a couple mil here n there for the interest - maybe can sell the rest of his other art works or worst pls dun tell me have to shapu again :(

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