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10 APRIL 2024

Tuesday, May 26, 2015

SRC's RM4.0 Billion Missing - Cincai Pohcai Mah RM4 Bil Only!!

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Ministry’s explanation SRC only invested RM216 million in Mongolia

raise question over remainder of RM4 billion loan 

RM216 million a small fraction of RM4 billion loan

Origo Partners another GCE’s shareholders, valued its 14% in GCE at US$13.4 m
 
SRC 9% stake in GCE, only worth US$8.6 million today

85.6% drop in value of investment or a loss of US$51.4 million 

GCE investment RM31 million only 0.8 per cent of RM3.81 billion 

question arises, where rest of SRC International’s RM3.81 billion go?

Finance Ministry “vague” reply on RM3.8 billion loaned from KWAP for SRC 

parent company was the debt-laden 1Malaysia Development Berhad (1MDB).

In written reply ministry did not specify how RM3.8 billion was spent 

except invested in Indonesia, Mongolia and “some other countries”.

SRC International was removed from 1MDB’s books and parked directly under MOF 

No closer to a satisfactory explanation today

how SRC International spent remainder of its loan from KWAP

government to prove not trying to hide a multi-billion ringgit scandal

My comments : Aisehman, this is only RM4 Billion. Buat apa nak bising sangat? KWAP ada banyak lagi duit BERBELIYON-BELIYON kan?   Tabung Haji pun ada lagi banyak duit.   

Lagi pun bukan duit bapak depa. Duit bapak kita. Peduli apa depa?

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