00:00 Assalamualaikum.
00:02 How are you?
00:04 I'm fine.
00:06 I'm sorry I'm late.
00:08 What is the responsibility of the 1MDP?
00:12 I remember that, as Dato' Siti Anwar said, when he told me about this responsibility,
00:18 he said he wanted to involve me in the Economic Council.
00:24 But I'll discuss that later.
00:26 What about your previous work?
00:28 We have done the 1MDP.
00:32 We are now monitoring the progress.
00:35 We will have an arbitration with the Government Sec.
00:39 We have a dispute because we all know that we have a dispute.
00:43 Because he did not fulfill the agreement that was signed in 2020.
00:52 When I became the arbitrator, I said that he had to pay according to the agreement.
01:00 But after we gave them four extensions, they still refused to pay the first payment, which was USD250 million.
01:12 So the reason they refused to pay was that every settlement we made with M-Bank and IPIC,
01:20 they felt that it was one of the recovery we made.
01:26 Actually, it does not include the concept of recovery.
01:28 Recovery is when we look for things that are out there that have been lost through 1MDP,
01:37 but what we get from M-Bank and IPIC is more of a settlement, not recovery.
01:41 That's the dispute.
01:43 So they tried to bring it to the arbitration to get the government to decide whether they are still in debt with us or not.
01:53 That's all.
01:55 Thank you.
01:56 InsyaAllah, at this moment I am still.
02:00 Okay, thank you.
02:02 We will see who is willing to do it.
02:06 Thank you.
02:07 Thank you, guys.
02:08 Thank you.
02:09 Thank you.
02:10 Thank you.
02:11 [BLANK_AUDIO]
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