The Shoot Out!


Its Monday in Malaysia and there is no news of yet of the interest  payment by IPIC anticipated by Arul Kanda. However, according to the Malaysian Chronicle, Arul has indicated  that given that 1MDB’s default to  IPIC took place in Dec 31, 2015 (when payments were purportedly made by 1MDB to Aabar BVI), IPIC should not have waited till now to make the announcement.The implication is, at the very least, of some kind of negligence. In fact, it is claimed that US$3.5 billion was paid by 1MDB to Aabar BVI. Arul is reported to have said that there could actually be a massive fraud with a possible “collaboration from our side”. This is the first acknowledgement, however nuanced, of possible wrong doing by parties within 1MDB. It could be that Arul is the first casualty of the standoff and the ensuing ‘shootout’! He is reported to have said, “I’m very tired. I’m doing over and above what I had signed up to do.” With all of this, and with the WSJ report about American Pies in mind, it seems that the bullets are flying and one can begin to envisage a bloody end!

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