PRU-13 SARAWAK: JAWAPAN KEPADA STATUS MENGENAI MDB YANG DI"SHARE" CALON PKR PETRA JAYA AHMAD NAZIB DIFACEBOOKNYA!

-KETUA AMK SARAWAK & CALON PKR PETRA JAYA AHMAD NAZIB MENG"SHARE" STATUS PAKATAN HARAPAN RAKYAT MENGENAI DAKWAAN PENGARAH STRATEGI PKR RAFIZI RAMLI MENGENAI YANG KONONNYA PM NAJIB TELAH MEMINDAH RM7 BILLION WANG 1MDB KE AKAUN SULIT CAYMAN ISLAND! MORAL OF THE STORY, JANGAN "SIMPLY-SHARE" JIKA TAK TAHU HUJUNG-PANGKAL! KEKEKE!!!-

Baseless allegations as elections ploy

Media statement by 1MDB issued by Corporate Communications Department on 23 April 2013

1MDB’s funds are safe and will be used for strategic investments for sustainable returns

1Malaysia Development Berhad (1MDB) firmly states that the US$2.318 billion as stated in its audited accounts is safe.

These are proceeds and profits originating from its initial 1MDB-PetroSaudi International joint venture. This fact is clearly reported in the company’s audited account that is publicly available from the Companies Commission of Malaysia and has been independently audited by a global reputable and established firm.

1MDB regrets however that certain quarters with political agendas have hidden facts to persistently make baseless allegations. This is a smear campaign for their own intended benefit. The notion that these monies were put in Cayman Islands companies and will vanish is based on a lie perpetuated by these quarters and is completely absurd.

1MDB has earmarked the proceeds for investments in the near future. Pending that, these funds for cash management purposes are currently placed under regulated and licensed international fund managers managing Cayman Island based international standard fund structures.

Cayman Islands had in August 2009 joined the global OECD "white list" of countries using internationally recognised tax standards. OECD is the Organization for Economic Cooperation and Development which has set a benchmark for greater transparency and freer exchange of information to counter bank secrecy. Global reputable international funds and fund managers all manage Cayman Island based funds as it is an established and well regarded jurisdiction for set-up and management of funds.

1MDB is Government-owned and supported but driven by private sector thinking and practices. It strives to fulfill the aspiration of the Government with the agility of the private sector. Bonds raised are part of capital for the strategic initiatives it undertakes.

The recent US$3 billion capital raised is an integral part of the Government-to-Government collaboration between Malaysia and Abu Dhabi on a strategic partnership sealed on 12 March 2013 during the official visit by Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces of the United Arab Emirates, His Highness General Sheikh Mohamed Bin Zayed Al Nahyan. 

Both countries are committed to now kick-start the operations of this strategic RM18 billion partnership. Malaysia and Abu Dhabi has maintained a long standing economic partnership and the ADMIC initiative is no exception and independent of the elections and should not otherwise be misconstrued.

Various statements that have been quoted with respect to pricing and structure from unnamed sources in the media are inaccurate. 

As a prudent government owned entity, 1MDB considered all of its options (pricing, structure, investment bank, and others) in the recent financing and chose the optimal path in light of the various considerations. The company stressed that 1MDB opted for a private placement to ensure the timely completion of this economic initiative.

The proceeds from the US$3 billion capital raised will be utilised for investments in strategic and important high-impact projects like energy and strategic real estate which are vital to the long term-economic growth of both countries. 1MDB’s Tun Razak Exchange (TRX) is representative of the types of projects ADMIC is expected to invest in. 

-UnReportedNews™®