1 MDB cannot account for USD 5.6 billion in cash

by Ganesh Sahathevan
It has been previously reported on this blog that there is ample evidence (inadvertently) provided by 1 MDB itself that some USD 2.318 billion ,initially claimed to be in the form of cash or near cash assets, is really only a paper profit booked as an asset.This evidence includes 1 MDB's 2013 audited financial statements.

Then, in trying to explain how it had spent some RM 42 billion in debt, 1 MDB (again ,inadvertently) revealed how at least  RM 6 billion (about USD 1.9 billion at the relevant exchange rate) could not be accounted for when it and and its CEO Arul Kanda claimed RM 6 billion had been spent  "acquiring"  RM 6 billion in debt owed by companies it had acquired (see first line below):

And now, according to the Wall Street Journal, Abu Dhabi's  IPIC cannot find anywhere some USD 1.4 billion that 1 MDB's audited accounts state as being paid to IPIC.
Total missing and unaccounted for this far, in cash: USD 5.6 billion

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