Confirmation : 1 MDB transaction generated no cash
by Ganesh Sahathevan Sarawak Report has just reported that 1 MDB banker " BSI Bank has dismissed documents supplied by 1MDB relating to its Brazen Sky Limited account in Singapore, saying they are false bank statements........ t here is no actual cash in the relevant Brazen Sky Limited account." This confirms the conclusion reached by this writer in an earlier posting about 1 MDB and its financial affairs,titled: 1 MDB audit: AG must & will find that loss of RM 7 billion in cash was in accordance with proper procedures,accepted accounting practise In that article 1 MDB's audited 2013 financial statements were presented ,and it was concluded that the transactions 1 MDB's management and directors strenuously asserted had generated about two billion US dollars in cash, which they said was eventually placed under 1 MDB subsidiary Brazen Sky Ltd, were " nothing more than a series of book entries" which generated no cash. In that article it was show