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1.
2. RELATED: 'LIVID' 1MDB DIRECTORS WANTED US$700M BACK FROM PETROSAUDI'
3. RELATED: MINUTES OF 1MDB BOARD MEETING PROVES 1MDB'S ARUL A LIAR
4. RELATED: 1MDB BOSS DENIES SARAWAK REPORT'S CLAIM HE LIED
5. RELATED: 1MDB FILES POLICE REPORT OVER LEAKED INFORMATION
6. RELATED: PUA MAKES STARTLING ADMISSION
2. RELATED: 'LIVID' 1MDB DIRECTORS WANTED US$700M BACK FROM PETROSAUDI'
3. RELATED: MINUTES OF 1MDB BOARD MEETING PROVES 1MDB'S ARUL A LIAR
4. RELATED: 1MDB BOSS DENIES SARAWAK REPORT'S CLAIM HE LIED
5. RELATED: 1MDB FILES POLICE REPORT OVER LEAKED INFORMATION
6. RELATED: PUA MAKES STARTLING ADMISSION
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CLARE BROWN PROVEN INNOCENT: IGP MUST WITHDRAW WARRANT, GO AFTER 1MDB & NAJIB INSTEAD - TONY PUA
REPORTED BY MALAYSIA CHRONICLE
October 17, 2015 –
The Sarawak Report continued its exposé on the minutes of the 1Malaysia Development Bhd (1MDB) Board meetings with the disclosure yesterday indicating that the Directors (BOD) were furious with the top management team led by Datuk Shahrol Halmi.
The minutes dated 3rd October, soon after the signing of the 1MDB-Petrosaudi joint venture agreement, provided a damning confirmation that all the earlier documents leaked by the Sarawak Report were completely authentic.
Instead, the minutes proved that the Prime Minister Dato’ Seri Najib Razak and his cohort of Ministers, as well as the current 1MDB President, Arul Kanda’s repeated attempts to taint the leaked information and documents by the whistle-blower website are clear cut lies. They have obviously alleged that the exposed documents were “doctored” or “tampered” to cover up the multi-billion ringgit scandal.
The minutes revealed that the Board of Directors were furious with the top executives of 1MDB for signing the joint venture agreement in reckless haste, and without any substantive due diligence; the highly suspicious speed of preparation of the valuation report which was prepared by Edward Morse; and most damningly, misappropriating US$700 million to an account unauthorised and unrelated to the joint venture.
The minutes disclosed that the Board “viewed that the formalisation of the joint venture was completed in a very short time which raises questions as to whether adequate control measures, checks and balances were put in place to protect the Company’s interests”. The Sarawak Report had exposed the fact that the top management of 1MDB met with Petrosaudi for the very first time in London on 23rd September 2009 and signed the joint venture agreement a mere 5 days later on the 28th.
