Well, dispute between Johari Abdul and Tony Pua has nothing to do to me as they both are "rich" politician. Me, represent all normal rakyat that think both opposition and Government representative are same in serving their own agenda and make use "people agenda" to lure vote.
Recently Johari has issue a press statement to counter Tony Pua allegation on 1MDB and only thing I can read from his statement is a debt debt and debt which he should use "unnecessary debt" not debt.
I edit Johari Abdul Fact below which Rakyat can only dream their leader from both side would do;
I edit Johari Abdul Fact below which Rakyat can only dream their leader from both side would do;
1. The TRX and Bandar Malaysia lands were originally owned directly by the government. The government made a decision to sell the lands in 2010 and 2013 respectively, to RakyatMalaysia Holding Berhad (RMHB), a private limited company whom 100% share owned by all Malaysian. RMHB in turn owned the lands via its 100 percent equity shareholding in two subsidiary companies, ie TRX City Sdn Bhd (TRXC) and Bandar Malaysia Sdn Bhd (BMSB).
2. It is clear that from the above transactions, the government ownership of the lands shifted from direct to indirect ownership, via Rakyat Holding Company an ultimate ownership of every single cents in Malaysia.
3. Bandar Malaysia will construct/upgrade six bases for the Royal Malaysian Air Force (RMAF) and two bases for the Royal Malaysian Police (PDRM), for a total development cost of RM 2.7 billion which contains 20,000 unit houses/apartments where 10,000 for Army and Policemen and other 10,000 open for public.
4. RMHB will construct infrastructure not only in TRX but also in the surrounding areas, including a vehicular tunnel under Jalan Tun Razak, for a total sum of approximately RM 3 billion which all toll collection in those infrastructure will be collected by RMB.
5. TRXC and BMSB undertook debts of RM800 million and RM2.4 billion respectively, to undertake the construction of infrastructure and the six air force/two police bases referred to above. These debts were always attached to the said land when these two companies raised their financing and thus form part of the security for the said debts. In other words, it is an operating debt of these two companies. Though it is not a debt created by Malaysian people, but as private limited company RMHB are oblige to take those responsibility under campaign Save Yourself Malaysian, politician wont save you.
6. With the infrastructure development and planning approvals obtained by TRXC and BMSB from 2010/2013 to the present day, the value of the TRX and Bandar Malaysia lands have increased in value significantly. Those increase is a direct benefit to all human that born in Malaysia rather than a figure(bil and tril ion) that only benefit people ears and eyes whilst their teh tarik only cost them few ringgit.
Redundant 6. The PM via PMO recommended in April 2016 that MOF Inc assist RMHB for soft loan, loan, mortgage, easy payment from Financial Institution and all guaranteed approval from Local Authority of Bandar Malaysia and TRX till they fix their last screw. The most efficient and cost-effective way to achieve this is via listing RMDB in BSKL/KLSE with all GLC will buy all available units which will able RMDB manage all the assets and the operating debts of the respective companies(TRXC&BMSB)
7. The TRXC and BMSB debts will be repaid by a profit generated in another fiscal year considered it does really belongs to all Malaysian People rather than enriched some and same person. Further, TRXC 60 percent equity shareholding in BMSB will not be sell to anyone except a Public Group/NGO/Company that owned by Malaysian.
8. More importantly, it is a unnecessary debt of RM5 billion sukuk, the US$3 billion bond and the 2x US$1.75 billion bonds. Those unnecessary 1MDB debts is Malaysian Goverment burden in case if 1MDB do not pay those debt. As guaranteed before, RMHB will take those debt to ensure what belongs to Malaysian is belong to all Malaysian not few.
RMHB also will be given an honorably status that will able them to owned PLUS, TM, TNB, and all strategic and profitable Government Link Company.
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