Arabs L*wat Super Dunggus Again. Blogger UMNO Sila Get Ready Tutup Bangkai Gajah

Some days ago a couple of  friends and I were in a conversation with someone (wish I could say who) who said that all these Arab investors being brought in by the Najib regime are ripping us off.  

• Arabs certainly do not have any technology. 
• Their business skills are questionable.
• It depends on a bottomless pit of buta oil money. 

But it turns out now that they may not even have money. Yet they can still outsmart our local superdunggus.

Now the arab investment model has changed. They come here and borrow money from our local banks to finance their JVs with the dunggu GLCs. Depa pinjam duit kita lepas itu depa melabur duit itu dalam syarikat GLC dunggu.

They are brought here by really dunggu GLC nuts who seem to think the world about arabs. 

They already l*watted Khazanah nice and proper in Iskandar. 

Another bunch of superdunggus who have brought in arabs is 1MDB. 

Now here is news about these arab investors pulling out from 1MDB's TRX project.

1MDB may face loss of global investors in Tun Razak Exchange and Bandar Malaysia

• The Malaysian Insider
• 1MDB may face loss of global investors in TRX & Bandar Malaysia
• Qatar & Abu Dhabi pulling billions of ringgit out 
• lack of transparency, slow progress, lack of experience ! ! ! 
• substantial interest (costs) will accumulate
• 1MDB & Aabar raised RM9.7 billion to fund RM18bil projects 
• (Woi, what has happened to this RM9.7 Billion??)
• TRX their first 50:50 joint venture - Abu Dhabi Malaysia Investment Co
• Qatar Investment Authority (QIA) pledged US$5bil in Bandar M'sia 
• In exchange, 1MDB promised QIA 1st choice of land, before ..local developers.
• investor from Kuwait recently pulled out.
• 1MDB developer for TRX & 200.3ha Bandar M'sia township
• project had yet to start earthworks
• several changes & this caused delays
• KL mayor said all necessary approvals issued
• Earthworks approved by (DBKL) last year
• plans completed in 2012, construction to start June 2012.
• DBKL had yet to receive any application (from) Bandar Malaysia.
• Bandar Malaysia one year behind schedule
• 1MDB RE invited contractors for pre-qualification exercise - Edge 24/9/2014.

Folks, now they say  lack of experience  is one of the reasons this project is not moving.

I have met the earlier 1MDB CEO. The usual 'dont know much about much' type of  guy.  

Its ok if they had given him RM100,000 to start up a mini market or something. But straight away they gave him an RM18.0 Billion development project.  

Plus they brought the arabs into the picture. Just bend over lah. Apa lagi mahu cerita? 

What I want to know is this - how many billions have been lost? Pay attention to the following :

• Qatar Investment Authority (QIA) pledged US$5bil in Bandar M'sia 
• In exchange, 1MDB promised QIA 1st choice of land, before ..local developers

Qatar again. That would be Rosmah's friends. 

What do you mean by "they pledged"? I too can "pledge". 

"I, OutSyed The Box hereby pledge to shove US10 billion worth of durians up 1MDB's kazoo'.  There you see - that is a pledge.   But did they put in real money? Was there real money put on the table? 

And in return for this "pledge" what did 1MDB do?

"In exchange, 1MDB promised QIA 1st choice of land, before ..local developers.."

Wow !!  They only gave a pledge. And in exchange you give them a 'promise' for first choice of land?? Village idiots.  And you also gave them priority ahead of local developers. Traitors.

They say "1MDB & Aabar raised RM9.7 billion.."

Ok, so where is this money? What happened to this RM9.7 Billion?

• Project tak jalan. 
• Earthworks pun belum start lagi. 
• Investor pak unta dah lari. 

So what has happened to this RM9.7 Billion that was borrowed from the banks?  Where has this money gone? Not another Bermuda Triangle?

So when they say  "Qatar & Abu Dhabi pulling billions of ringgit out" whose billions are they actually pulling out?  Is it

1. their own billions which they brought from Qatar and Abu Dhabi or 
2. the billions which they borrowed from here in Malaysia? 
   

Folks, we have to know how many billions we have lost in this escapade. 1MDB has borrowed maybe RM42 billion based on a gomen guarantee. That means you and me have guaranteed this money.

Lets say they are borrowing at 6% per annum. That means the RM9.7 billion incurs an interest expense of RM582 million per year.

The TRX project has not even begun. How are they going to service interest piling up  at  RM582 Million per year?

They raised the RM9.7 Billion in 2012. This means two years have gone by. That means they must pay RM582 x 2 yrs = RM1.164 Billion interest alone (bunga saja). 

Project belum jalan. Bunga sudah beranak. Duit mana mari nak cover bunga?

Now assuming the project jalan and everything is sold, they still have to generate an extra RM1.164 Billion profit to cover the interest alone.  Fuiyyo !!  

Pi jauh-jauh nak buat project kat Detroit pun depa kata pulangan dia 4% saja. Jadi maksudnya kalau buat project di Malaysia pulangan dia mesti lebih 4%? Ya tak? Mestilah. Otherwise how to pay bunga RM1.164 Billion? 

So kalau project di Malaysia boleh kasi pulangan (Return on Investment) lebih dari 4%,  habis pasal apa satu lagi group superdunggu itu nak pi invest kat Detroit pula? Dapat 4% saja?

Lepas tu kalau project kat Malaysia tak boleh kasi pulangan lebih dari 4%, macam mana 1MDB nak bayar bunga saja RM1.164 Billion?  

Blogger UMNO semua boleh faham ke?

Kalau dia pinjam kat 'Islamic banking' pun dia kena bayar 'al-kadar al-untung al-bank al-Islam'. Serupa juga. Tak boleh lari brader.  

So, wak is my golok? Blogger UMNO boleh jawab ke?