Hard to say Kembang Setaman. Tetiba jadi TRX pulak dah. Before it was more of a "consolidated" SPV for Real Estate, now that they are breaking things up I guess we should keep a close eye on asset shuffling between the entities

Please do

This was a comment that appeared in the .nl page of satdthinks.blogspot.com ie satdthinks.blogspot.nl

This conversation is now in the .my page.

menatang intense debate ni memang buggy it cannot consolidate the comments into one page.

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Comment by Fedup?Knowmore
Good job putting this together. An observation on the 2014 accounts (signed in Nov 2014). While the Board and Deloitte were prepared to disclose the $250m bridging facility (accepted in May 2014), they somehow deemed it fit not to disclose the $975m facility which was drawn around July 2014, or thereabouts). Also, payment was made to Aabar (of which about $481m still appeared to be due based on IPIC's Dec 2014 financial statements). Given the materiality of the payment, the Board and Deloitte were clearly remiss in not assessing the value of the termination costs. It's incredible (and criminal) that the Board would have authorised the payment of a" refundable deposit" of $975m without expecting that the actual cost would be higher. Given that Deloitte would have signed off on the fair value of the energy business as part of their goodwill impairment assessment, there were already means to "reasonably" assess an estimate for the termination costs.
While someone needs to clearly take the Board to task for what is effectively not a "true and fair" financial statement, Deloitte has to be taken to task for abetting the course of action taken by 1MDB, particularly in not including disclosure of the $975 loan. Am sure a number of the more credible listed companies out there (and presumably regulators) would be concerned that Deloitte could either be persuaded to look the other way or even worse, were simply incompetent.
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Fitnah!

Mana mungkin! Uji Rashid cakap lain kat gua

search for sat dee

Snake n vulture biar betik...

Cross species sex tu

How to verify bro when there is no data regarding the so called Units.......

Profits.....err as in the promised returns that had to be realised via a Bail out from IPIC?

Good to have you back bro

Most welcomed EV

U put too much currency on me.... goal of the post of for those who are interested to know deeper about the chain of transaction Vs the available data .....as for the position on the issue I would leave that to the reader

You should read my previous post
http://satdthinks.blogspot.com/2015/07/just-units...

It has the full mapping of chain of transaction Vs Available Public Info