MORE CONFUSION FROM 1GDB. ANYWAY YOU LOOK AT IT 1GDB WILL HAVE NETT FAR LESS THAN $7.41 BILLION FROM BANDAR TUN LAZAK LAND SALE. WHY MISLEAD THE MALAYS?

by el dorado, Donplaypuks® intrepid correspondent for land scam affairs

CLICK ON LINK BELOW TO BUY BOOK 'MURDERED IN MALAYSIA:THE ALTANTUYA STORY:

http://sarawak-report.myshopify.com/

A further announcement today by 1GDB (Grossmajib Development Bunkum) that the sale of its 100% owned Bandar Tun Lazak (BTL) land company may be completed through a special purpose vehicle (SPV) adds, not detracts, to the confusion that has reigned supreme over the last week.

Last week, 1GDB and its CEO Arul Kaunda Kundi had announced that a joint venture company (JV) between a China concern and a local company would be buying 60% of the shares of BTL for $7.41 billion. The shares of the JV would be owned 60%:40% as between the China company and the local company.

However, whichever way the deal is structured, it is clear that at the end of the day, 1GDB will have far less than $7.41 billion in its kitty. This is clearly a red-herring to try and fool the public that 1GDB will be able to reduce its gynormous loan debts of $42 billion by a larger amount.

Over and above this $42 billion loan debt which has been bedevilled by accusations of fraud, misappropriation, CBT, money-laundering, mismanagement, abuse of power and self-enrichment by PM Grossmajib who is also the Finance Minister and Chief Asvisor to 1GDB, the MoF absorbed an additional $4 billion of 1GDB's loss making dodgy "investments". The silence from serially lying PM Grossmajib and the MOF as to how this additional $4 billion debt will be repaid, is deafening by its absolute silence!

As at 31st march 2014, 1GDB's balance sheet showed that it had total loans and liabilities of about $51.5 BILLION!! CLICK HERE.

The scenario and computations are so simple, it's incredible that a MoF and 100% government owned company like 1GDB cannot get the math correct!

The possible scenario and computations are as follows:

1. JV buys 60% of BTL shares at balance sheet revaluation cost:

Revalued land cost - 12.35billion

Less: loans (sukuk/relocation liabilities) - 3.55b

Net - 8.8b

Cost of 60% shares to JV = 8.8b x 60% = 5.28b

Therefore 1GDB will, as 100% previous owner of BTL, receive $5.28b, and be reduced to a 40% shareholder of BTL. BTL, as the operating company, will bear the cost of the $3.55 billion loans and settle it from future profits.

2. JV buys 60% of BTL shares and both JV and 1GDB agree to settle loans of $3.55 billion to save interest cost

a. JV pays 1GDB 60% of 8.8b = 5.28b

JV pays BTL 60% of 3.55b loans = 2.13b

JV pays in total = $7.41b

b. 1GDB receives from JV = 5.28b

Less: 1GDB pays BTL 40% of 3.55b loans = 1.42b

Net cash with 1GDB - 3.86b

BTL settles loans of 3.55b. BTL's share capital may be increased by a further 3.55b and issued 60%:40% to JV and 1GDB or BTL's balance sheet may show that the 3.55b is owed to JV and 1GDB 60%:40%.

3. BTL transfers land to SPV for revalued $12.35 billion, sells 60% shares of SPV to JV and 40% to 1GDB

a. JV cost of 60% shares in SPV = 12.35b x 60% = 7.41b

1GDB cost of 40% shares in SPV = 12.35b x 40% = 4.94b

TOTAL SPV Share Capital and land asset = 12.35B

b. BTL receives from JV and 1GDB for shares = 12.35b

BTL pays off loans = 3.55b

Net cash in BTL = 8.8b

Therefore BTL will pay 1GDB 8.8b as final dividend on winding up.

c. 1GDB receives dividend from BTL = 8.8b

Less: 1GDB pays SPV for shares 40% x 12.35b = 4.94b

Net cash with 1GDB = $3.86 billion.

Surely a signed Sale & Purchase Agreement resulting from a comprehensive RFP (Request For Proposal) issued by 1GDB will not contain all 3 options to the buyer i.e. The JV? It's unheard of. What kind of silly game is 1GDB and its clueless executives playing?

Let us also clear up the misleading statement that eventually 76% of BTL will be controlled by local companies. The respective shareholdings in BTL will be:

1. 1GDB - 40%

2. Local companies - 60% x 60% = 36%

3. China company - 40% x 60% = 24%

The real facts are that the China company is the one that will control and carry out all construction and sales work which will generate profits. There is no way a China company will secure a minority stake and come up with billions of dollars of cash upfront, and commit itself to more billions of dollars in construction and selling costs, if it does not have iron-clad contractual clauses that it will control the entire business side of the BTL project. 

It will do this by having control over the board of directors of the JV. When push comes to shove, there is no way the local Chinese tycoon who has partnered the China company will vote against them. Otherwise, he might one day find his goolies nailed to the flag pole of his corporate HQ!!

But do note that serially lying PM Grossmajib has once again bailed out 1GDB by getting state and Federal-owned GLC's and sovereign funds in bailing out 1GDB's debts to the tune of billions of dollars, without accounting for the massive fraud that has taken place at 1GDB and its $51.5 billion liabilities!!

That this deal is not as kosher as PM Grossmajib and 1GDB's Chairman, CEO and Board of Directors make it out to be, is plain from the fact that despite calls from MP's for the Sales & Purchase agreement to be published in the public interest, there has been no response.

How does 1GDB explain that the China company has announced that it will pay 50% of $5.28 billion when it has proposed to purchase only 40% of BTL's share capital? Are the other local companies and state-owned funds coming up with their proportionate share of cash at all?

Or, are there deals within deals and spongeing BUMNO/SCUMNO Ali Baba's lurking in the shadows to rip us off again and again?

And if there is no fraud, why hasn't PM Grossmajib sued the WSJ for its articles revealing that $2.6 billion flowed through his personal bank account? PM Grossmajib has claimed that he did not personally benefit from the $2.6 billion! But really, do sharks fly or Dracula gag from slurping fresh blood?

Donplaypuks® with simple math, O'serially lying and incompetent PM Grossmajib, 1GDB Chairman, Directors and CEO Arul Kaunda Kundi!

1GDB IN SHAMEFUL TATTERS! SHAMBOLIC EXPLANATION FOR SCREW UP ON $7.41 BILLION DELIBERATELY MISLEADING ANNOUNCEMENT BY SERIALLY LYING PM GROSSMAJIB, 1GDB & CEO ARUL KAUNDA KUNDI!

by el dorado, Donplaypuks® intrepid correspondent for land scam affairs

CLICK ON LINK BELOW TO BUY BOOK 'MURDERED IN MALAYSIA:THE ALTANTUYA STORY:

http://sarawak-report.myshopify.com/

Today's press release by 1GDB and its CEO Arul Kaunda Kundi that its originally announced $7.41 billion price tag for sale of a 60% equity stake in Bandar Tun Lazak Ltd. to a local-China JV company

"will be adjusted to reflect certain liabilities and relocation costs associated with the land"

is a clear admission of a major screw up by 1GDB. CLICK HERE.

In fact, it is now clear that serially lying PM Grossmajib, 1GDB, its Chairman, Board of Directors and CEO Arul Kaunda Kundi deliberately misled the public and international markets by claiming that 1GDB's debts will be reduced by $7.41 billion. 

If it was not deliberate, then it is incompetency of the most unacceptable order given that PM Grossmajib who is 1GDB's "Chief Advisor" & Finance Minister, the MoF and 1GDB are all involved and should know better.

As it stands, the China company is absolutely correct that the price tag for the 60% JV is $5.28 billion and not $7.41 billion.

The Bandar Tun Lazak land may have been valued at $12.35 billion, but all the liars connected with 1GDB very conveniently "forgot" to mention that equity shareholders will also look at the company's liabilities and financial obligations!

The JV is NOT merely buying the land. It is buying 60% of the paid-up share capital of Bandar Tun Lazak Ltd. (equity stake).

Therefore the price of this 60% equity stake, as per internationally accepted valuation norms, would be based on the estimated current market value of the land, taking into account also development costs already incurred, approvals, licences etc. PLUS debtors LESS liabilities such as creditors and bank loans (sukuk).

The JV will not pay $X (60% of market value of shares) + $2.13 billion of bank loan to 1GDB. This is because the $2.13 billion bank loan liability is already included in the overall share valuation. It is Bandar Tun Lazak Ltd. which will have to repay the bank loan from its future profits or from further increase in share capital, contributed 60%:40% by JV and 1GDB.

To put it simply, shareholders who have already paid full market price for their equity stake, will only receive dividends in future from the cash flow of Bandar Tun Lazak Ltd. AFTER the company has complied with the terms and conditions of its bank loan such as servicing interest and repaying capital amounts as and when due.

So, it is absolutely stupid to suggest that the local-China JV will pay market value for the 60% stake AND $2.13 billion to 1GDB for the bank loan.

This would be akin to asking them to pay twice for the $2.13 billion bank loan liability. You think China is that stupid? More so, when it does not own 100% of Bandar Tun Lazak Ltd and it will also have to substitute guarantees for its share of the loan (sukuk)?

Why on earth would the JV pay 100% of the bank loan ($2.13 billion) to 1GDB, when 1GDB continues to be a 40% equity shareholder in Bandar Tun Lazak Ltd?

How could Chartered Accountants and PhD holders in (international finance/public administration/economics etc.) PMO, 1GDB, MoF and in the office of the Chief Secretary to the government not understand this, but instead make a giant cock-up of it?

The other possibility is that with a change in major shareholders, the bank may have a condition that it has the right to terminate the loan if it deems that there is a risk the loan will not be repaid.

But this is unlikely since 40% is ultimately still owned by the government where MoF owns 100% of 1GDB. Even if the bank calls on the loan, it will be a simple matter for 1GDB to replace it with another bank, given the new 60% shareholders are a China state-owned company and a local state government, and the balance of 40% is ultimately owned by the Malaysian government. Neither 1GDB nor the JV will have to come with their own cash of $2.13 billion to replace the existing bank loan (sukuk).

It is also unlikely since the major sukuk lender is a GLC i.e. LTH with $1 billion owed to it!!!

The other matter that has to be cleared up is that the shareholdings in Bandar Tun Lazak are supposed to be:

a. 1GDB/MoF = 40%.

b. China - 40% x 60% = 24%.

c. Local companies - 60% x 60% = 36%.

NB: China + Local company = JV CO. = 24% + 36% = 60% of equity of Bandar Tun Lazak. 

But the China company announced that it will pay 50% of $5.28 billion = $2.64 billion to 1GDB, when it should only be paying 40% of $5.28 billion = $2.11 billion.

Is this a genuine mistake or did the incompetent donkeys at 1GDB screw up yet again?

Another possibility is that one of the local JV shareholders is getting a free ride (the Mister 10% Ali Baba fraudtrepreneur commission agent) paid for by China!! This may have been meant to be kept hush, hush, but they did not anticipate that China would have to make a public announcement to the Hong Kong Stock Exchange!! 

What else is 1GDB hiding by not disclosing the full S&P to the public?

It is not at all odd that everything about serially lying PM Grossnajib, 1GDB, its Chairman, Board of Directors and Johnny-come-lately balls carrying CEO Arul Kaunda Kundi, stinks to high heaven.

When a business is conceived right from the very beginning with the intent of defrauding the Rakyat, by a greedy, grasping serially lying prime minister, Grossmajib who is also implicated in murder (s), then not only will nothing good arise from it, but it can only lead to disaster and ruination of the country.

And who are the biggest victims in this global scam?

None other than the Malays who misguidedly voted for him and BUMNO/SCUMNO, and who continue to support a crook, thief, and defrauder who has misappropriated billions of  dollars of our money through corruption, CBT, money-laundering, looting and plundering.

PM Grossmajib has become fabulously rich with no known ownership of legally acquired equivalent assets or income.

PM Grossmajib has committed treason and must be forcibly removed from office immediately!

Donplaypuks® with global-scale screw ups, serially lying and incompetent PM Grossmajib, 1GDB Chairman, Directors and CEO Arul Kaunda Kundi!

CHINA COMPANY ANNOUNCES $5.28 BILLION, SERIALLY LYING PM GROSSMAJIB & 1GDB SAY $7.41 BILLION FOR 60% BANDAR TUN LAZAK. WHERE DID $2.13 BILLION DISAPPEAR TO? "DONATION" or "CSR PROJECT" PERHAPS FROM WHICH THEY DID NOT PERSONALLY BENEFIT??

by el dorado, Donplaypuks® intrepid correspondent for land scam affairs

CLICK ON LINK BELOW TO BUY BOOK 'MURDERED IN MALAYSIA:THE ALTANTUYA STORY:

http://sarawak-report.myshopify.com/

On 31st December 2015, serially lying PM Grossmajib announced that his con-job artiste and frauds-for-hire front company 1GDB had sold 60% of its interest in the Bandar Tun Lazak real estate development project to a China company for $7.41 billion.

CLICK HERE for an earlier take on this sell out of control of a sovereign company's crown jewels to yet another China company.

However, an announcement today to the Hong Kong Stock Stock Exchange shows that the China company will only pay $5.28 billion for the 60% stake.

So, where is the missing $2.13 billion (7.41 - 5.28)?

"Invested" in "Donations" or "CSR Prjects" from which neither serially lying PM Grossmajib nor 1GDB will personally benefit?

Donplaypuks® with $2.13 billion also, serially lying PM Grossmajib!

NB:  See below for the announcement to the HK Stock Exchange or CLICK HERE.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

中國中鐵股份有限公司

CHINA RAILWAY GROUP LIMITED

(A joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 390)

This overseas regulatory announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Please refer to the attached Announcement of “Participating in Purchasing Shares of Bandar Malaysia Sdn Bhd by China Railway Group Limited” published by China Railway Group Limited on the Shanghai Stock Exchange website on 3 January 2016 for your information.

By Order of the Board

China Railway Group Limited

LI Changjin

Chairman

3 January 2016

As at the date of this announcement, the executive directors of the Company are LI Changjin (Chairman) and YAO Guiqing; and the independent non-executive directors are GUO Peizhang, WEN Baoman, ZHENG Qingzhi and NGAI Wai Fung.

A Shares Stock Name:	H Shares Stock Name:	Announcement No.:
China Railway	China Railway	Lin 2016-003
A Shares Stock Code:	H Shares Stock Code:	Announcement No.:
601390	390 Announcement	Lin 2016-003

Participating in Purchasing Shares of Bandar Malaysia Sdn Bhd by China Railway Group Limited

The board of directors of China Railway Group Limited (the “Company”) and all the directors hereby undertake that this announcement does not have any false or misleading statements or any material omissions, and assume the joint and several liability for the truthfulness, accuracy and completeness of the contents.

On 24 November 2015, the joint venture established by China Railway Engineering Corporation (M) Sdn Bhd (hereinafter, “CRECM”), a wholly-owned subsidiary of the Company, and Iskandar Waterfront Holdings Sdn Bhd (hereinafter, “IWH”), a Malaysian company, (hereinafter, “Joint Venture”) received a formal letter of award from the tender agent designated by 1MDB Real Estate Sdn. Bhd. (hereinafter, “1MDBRE”), notifying that the Joint Venture has obtained the right to purchase 60% of the equity interest in Bandar Malaysia Sdn Bhd (hereinafter, “BMSB”) held by 1MDBRE. On 31 December 2015, the Joint Venture entered into the Share Sale Agreement with 1MDBRE, pursuant to which the Joint Venture will purchase 60% of the equity interest in BMSB held by 1MDBRE at a price of MYR5.279 billion, among which CRECM will pay MYR2.639 billion (equivalent to approximately to RMB3.995 billion) of the share purchase price. This transaction has been examined and approved in the Company’s Seventeenth Meeting of the Third Session of the Board of Directors on 31 December 2015.

BMSB has the ownership of an important block to be developed in Kuala Lumpur, Malaysia, which has an area of approximately 2,000,000 square metres. According to the plan of the government of Malaysia, the block will be developed into an international business centre which is driven by traffic hub.

Investors should make investments rationally and beware of investment risks.

Notice is hereby given.

The Board of Directors of

China Railway Group Limited

4 January 2016

$7.41 BILLION VALUATION OF 1GDB 60% BANDAR MALAYSIA SALE TO CREC DOES NOT COMPUTE! MALAYS ROBBED AGAIN BY PM GROSSMAJIB'S DESPERATION! PROFITS MINIMISED, NOT MAXIMISED!

by el dorado, Donplaypuks® intrepid correspondent for land scam affairs

The simple math behind the sale of 60% of the Bandar Malaysia (old Sg. Besi Airport land in Kuala Lumpur) project by 1GDB (Grossmajib Development Bunkum) to CREC shows:

1. PM Grossmajib's desperation in flogging the Rakyat's prime assets to cover up fraud, misappropriation of funds, CBT, money-laundering, personal enrichment, abuse of power and gross mismanagement by primarily himself at 1GDB.

2. A u-turn on his promise to the Rakyat that 1GDB considered these investments as being for the long-term. and wholly for the benefit of Malaysians.

3. A huge mismatch in valuation of land when compared with the TRX project.

The math for the Bandar Malaysia land works out as follows:

1. Land area = 495 acres

2. 1 acre = 43,560 sq.ft.

3. 495 acres = 495 x 43,560 = 21,562,200 sq.ft.

4. Price paid by CREC for 60% = $7.41 billion

5. Therefore 100% = 7.41/0.60 = $12.35 billon

6. Price per sq. ft. = $12.35 billion/ 21,562,200 = $572 per sq. ft. (psf).

In August and May 2015, 1GDB sold land at the TRX project at $4,645 psf and $2,774 psf to Affin Bank and Tabung Haji respectively. CLICK HERE.

These transaction in themselves showed that land sales to GLC's were grossly manipulated by PM Grossmajib and over-valued to bailout 1GDB which had insufficient cash flow to service debt and interest of about $5 billion, as opposed to being genuine arms-length deals. 

Bandar Malaysia (BM) is situated only a couple of kilometres down the road from TRX as the crow flies. So, why is BM land valued at somewhere between roughly 12% to 21% of the TRX land values?

And why sell 60%, i.e. control, to a foreign Chinese party?

Answer: Desperation. This is the PM who allowed the Buntutsan newspaper to post a racist headline 'What more do the Chinese want?" 'He followed this up later with more racism and bigotry when BUMNO/SCUMNO lost the popular vote at GE 2013 and spewed out the vitriol "This is a Chinese tsunami!" Now, when his thievery has been exposed, he goes running to China to bail him out! The Chinese of course will not part with billions of dollars for a minority stake and leave themselves at the mercy of a crook and liar like PM Grossmajib.

Grossmajib's lies have finally caught up with him. He had been touting about that 1GDB had $51 billion of assets as reflected in its 2014 balance sheet. However, what he conveniently forgot to mention is that as much as $30 billion of these "assets" were dud investments or were siphoned out by him (the RM2.6 billion and US$700 million) to bribe and buy votes, rig GE 2013, and enrich himself (and his wife). 

The auditors were then initially fooled into accepting that the money was invested in fake off-shore entities controlled by Jho Paris Hilton who issued IOUs and other dubious paper confirmation that the investments were good.

When later the auditors protested and asked for real proof, they were sacked by PM Grossmajib and replaced by Detoilettes & Co, in which Grossmajib's son is a non-audit partner!

With this land sale, 1GDB will reduce its $49 billion liabilities (as shown in its 2014 accounts) by $25 billion. ($17.5b from IPP sale and $7.5b from BM land sale). That still leaves $24 billion plus another $10 billion in exchange rate losses (against the US$) = $34 billion to pay off. Where is the money coming from if they have sold off all their assets and BM will only start generating income in, at the earliest, about 3 year's time?

AND DO NOT FORGET THAT AN ADDITIONAL $4 billion of 1GDB's dead investments (via money borrowed from KWAP) were transferred at no loss to the MoF by PM Grossmajib (as Finance Minister also) to hide the massive fraud from public eyes and auditors, by subjecting it to the OSA. How will this debt be repaid by PM Grossmajib? Obviously from the unheard of $20 billion PMO slush fund budget or the fraudulent $30 billion PPFI project!

This is why the so-called "rationalisation plan" bandied about by PM Grossmajib and 1GDB CEO Arul Kaunda Kundi is a con job. It's in reality an irrational and fraudulent plan. It's entire focus is to try and distract us from the massive fraud, misappropriation, CBT, money-laundering, theft, abuse of power and blatant cover-up that has been taking place.

No sane businessmen, business model and enterprise will start out by claiming to maximise returns to the Rakyat with a paid up share capital of $1 million, then borrow $46 billion, and in a matter of 2 years, start selling off the very national assets gifted to it, in a fire sale to repay debt.

It shows the complete stupidity and ineptness of PM Grossmajib as a "trained" economist (and he has never refuted a public accusation that he did not complete his UK degree), finance minister, prime minister and Chief Advisor to 1GDB. He does not even have the business acumen or common sense to start and operate a nasi lemak stall. How on earth did the Malay population ever convince themselves to vote for a man (and his wife) who has been consistently robbing them blind for over 20 years? And been implicated in the Altantuya gruesome murder too!!

The sting in the tail with selling out to China will be revealed later when the fine print is leaked. There will obviously be "soft loans" by the government to CREC, waiver of GST and import duties for machinery etc. and pioneer status and 10-year no tax incentives. PM Grossmajib and 1GDB CEO Arul Kaunda Kundi will dare not reveal the details to the Rakyat just now for fear of being roasted alive.

In the final analysis PM Grossmajib and 1GDB will succeed in minimising, not maximising, profits, because they know nothing about business or finance. They know everything about fraudtrepreneurship, conmanship and serially lying. From the very beginning PM Grossmajib and Jho Paris Hilton knowingly and deliberately set out to criminally misuse 1GDB as a front to secure billions of ringgit for BUMNO/SCUMNO to stay in power by money politics, and illegally enrich themselves personally in the process.

Now, they have been caught with their pants down. The emperor's nakedness has been revealed by the WSJ, Sarawak Report, Donplaypuks® and others for the whole world to see.

Any endeavour that is at its very conception and inception motivated by greed, and has as its main aim dishonesty, crime and fraud, will always fail sooner than later.

It's shameful and disgraceful that PM Grossmajib clings on to power, blinded by power and money. What a detestable and incompetent ogre!

Malaya was colonised militarily successively by the Portuguese, Dutch and British between 1511 - 1957. Now do we want to be economically colonised by yet another super power, by putting all our eggs in one basket? To the extent that even the award of the KL-Singapore high-speed railway project to yet another China party seems a foregone conclusion? PM Grossmajib can't live with the Chinese and yet can't live without them? What kind of dark and convoluted racist game is PM Grossmajib playing? The frightening thing is that neither his own party, BUMNO, nor his Cabinet Ministers have a clue as to what is going on!

It's also important to understand that with the sale of 60% of BM to CREC, 100% of Edra (IPP) to CGNC, both China companies, 1GDB and PM Grossmajib have little room to manoeuver with its $5 billion over debt to Aabar/IPIC. With no cash, they may be forced to accept an equity for debt swap with the Arabs. Then the horror of horrors may result - Malaysia may become a minority shareholder in its own "sovereign" company, 1GDB Holdings. This will be the heist and sell-out of the century by a Malaysian prime minister, a financial and economic disaster of Krakatoan proportions!

It's in the hands of the Malays who have been manipulated, lied to and conned for so many, may years, to bring PM Grossmajib down at once and stop the rot. Otherwise, we will end up like the basket cases of Ethiopia, Somalia, Iran, Iraq, Libya, Syria, Afghanistan, Pakistan etc. - up the shit creek without a paddle or a dime!



Donplaypuks® with multi-billion dollar land scams, serially lying PM Grossmajib!

NAJIB's FLIRTATION WITH THE FAMOUSE & INFAMOUSE!

by oral clinton didnotinhale, Donplaypuks® intrepid correspondent for the famouse and infamouse

Washington: Could not tell a lie

Nixon: Could not tell the truth

Najib: Doesn’t know the difference

Nixon: Watergate

Clinton: Monicagate

Najib: Altantuyagate

JFK: Marilyn

Clinton: Monica

Najib: Ziana

Nathan Hale: I regret I have but 1 life to lose for my country!

Patrick Henry: But as for me, give me liberty or give me death!

Najib: I am sorry I only have $2.6 billion “donation”??!!

Marie Antoinette: Let them eat cake.

Mao: Let them eat porridge.                                               

Najib: Let them eat second-hand kankung

J Paul Getty: My formula for success is rise early, work hard and strike oil
Gordon Gekko (Wall St): Greed is good
Najib: Cash is King, I hap you, you hap me

Einstein: E=MC2
Najib: 26 billion minus 9 billion equals 15 billion

Churchill: Never in the history .....have so many owed so much to so few
Ho Chi Minh: It was patriotism, not communism, that inspired me
Najib: Never in history have so many owed ($55/750 billion) so much to so many

Bernie Madhoff: I did not steal
Marcos/Suharto: I am not rich 
Najib: I did not benefit personally from the $2.6 billion "donation"




Donplaypuks® famouse quotes, serially lying Najib!

PM JIBBY BABY "EXPLAINS" $2.6 BILLION "DONATION" & $42 MILLION "CSR PROJECTS" TO MACC!

by Donplaypuks®, intrepid correspondent for $2.6 billion "donation" affair

CLICK HERE FOR VIDEO LINK.

Donplaypuks® with $2.6 billion lies, serially lying prime minister!