Guan Eng got dad and new mentor (updated)

UPDATES

Tried to layan the comments after subuh until I fell asleep again. Woke up just now and there were quite a few more. But they were all mostly not about what I wrote in this post. I wrote about Guan Eng, yet you all commented about Najib's case which I prefer to wait until he is found guilty by the court before writing about it. Ya lah, Dr Mahathir said we now follow rule of law, right. Innocent until proven guilty, so to speak. Then there were also those who commented just to call me bimbo and racist because of my opinion on Guan Eng. So, I think I give up lah want to layan the comments. Anyway, I'm still going to publish those comments. Don't want to disappoint you all after taking the trouble to write those.
Ok, need to do some work now. Ciao.
11.06am

ORIGINAL POST

Looks like his daddy had to issue a statement to rescue Guan Eng,

Kit Siang defends Guan Eng over

 handling of 1MDB issue

excerpts;

“I can agree that there should be ‘tactful handling of the 1MDB mess’ but not if by being tactful one continues with the sea of lies, fake news and false information about 1MBD.

“Tactful by all means, but it can be no excuse not to adhere strictly to the principles of truth, transparency and accountability in dealing with the 1MDB mess,” Lim said.

Lucky Guan Eng, got a dad like that.

My dad never tried to defend me if I screwed up at work.

Yup, that's despite me being shallow and stupid like what some of you all said I am.

Meanwhile, Guan Eng also seems to have found himself a new mentor who is teaching him how to do his new work at MoF.

His new mentor was telling him;

Wrong to call it a bail out of 1MDB 

I think I put the whole thing here for this one;

1. The new Minister of Finance has made allegations that under the previous government, MOF, Khazanah and Bank Negara Malaysia had to “bail-out” 1MDB debts, to the tune of RM 7 billion. Not only is this misleading, it is a politically-motivated attempt to obscure the facts.

2. In accordance with the recommendations of the Public Accounts Committee (PAC) Report on 1MDB, all of 1MDB’s valuable and strategic real estate assets have been transferred to other companies owned by MOF Inc. Over time, these prime real estate assets can be worth up more than RM 30 billion.

3. However, although MOF Inc took over the assets, the debt or liabilities of 1MDB remained in the company. Accordingly, the arrangement, as I can confirm, is for MOF Inc to service 1MDB debts, but in return for taking over the assets.

4. Put another way, had those assets remained in 1MDB, it could have developed and sold the assets on its own, and used the proceeds to pay its debt.

5. To fulfil its obligations, MOF can use various methods, including sale of land (eg to Bank Negara Malaysia) or by collecting debt repayments (eg from Khazanah).
There is nothing wrong with such transactions, as each was approved per the relevant governance frameworks, were conducted on an ‘arms length’ basis and followed the correct laws and procedures.

6. Therefore, the question of MOF or BNM or Khazanah bailing out 1MDB does not arise at all. It is in fact downright misleading to make such allegations. MOF Inc took over assets and it must be responsible for the liabilities- that is the only correct way, legally and accounting-wise.

7. It is therefore wrong of the Minister of Finance to only highlight the debts of 1MDB. By right, the Minister of Finance must also inform the public about the assets of 1MDB that have been taken over.

8. The Minister of Finance must ‘walk the talk’ on CAT.  He has to be transparent to tell the full story and not just half a story in order to deceive.

Maybe that's why Guan Eng is sounding more and more like the former minister of finance, such as by issuing these sort of statements;

Economy remains strong,

 fundamentals solid, says Guan Eng

So , "economy remains strong, fundamentals solid",  since when haarrrr.....???

Since Guan Eng took over the MoF, is it?

Or is it since before that?

Well, they said Malaysia is going bankrupt and becoming like Zimbabwe and such....

Hmmm....not bad for a country with RM1 trillion debt.

Well never mind.

It's 5am already.

I'm having kueh pau for sahur.

Have a good day guys.

Cheers.