"These are all the purchases known. They add up to RM14.7 billion. So there is approximately RM27 billion left.
"More than US$1 billion was said to be paid to Petro Saudi without verification as to the value of this company or its assets.
"Where is the rest of the money?" he questioned in his latest blog posting today.
Mahathir had listed several purchases "as far as can be ascertained" which were made by 1MDB:
1) Purchased Tanjong Energy (Now known as Powertek Energy Sdn Bhd) - RM8.5 billion
2) Purchased Genting Sanyan Power (Now known as Kuala Langat Power Plant) - RM2.3 billion
3) Purchased Jimah Energy - RM1.2 billion
4) Purchased 70 acres of land in Jalan Tun Razak (For Tun Razak Exchange) - RM320 million
5) Purchased 495 acres of land in former Sungai Besi TUDM airport (Now Known as Bandar Malaysia) - RM363.5 million
6) Purchased 234 acres of land in Air Itam, Penang - RM1.38 billion
He added that no one knows exactly where is 1MDB's RM2 billion which was supposedly brought back from the Cayman Islands and parked in Singapore.
'Putrajaya lost RM25 billion'
Furthermore, Mahathir said the government also lost some RM25 billion for selling land cheaply to 1MDB.
"It should be noted that TRX land is close to land recently sold at RM7,000 psf.
"Assuming the market price is RM3,000 psf, the true value of this land is RM6 billion.
"The government has therefore lost RM5 billion plus because 1MDB paid only RM320 million," said Mahathir.
Likewise, Mahathir said Putrajaya lost around RM20 billion for the Sungai Besi land which he estimated to be at RM1,000 psf but was only paid RM363.5 million by 1MDB at a rate of RM91 psf.
"It is this disappearance of a huge amount of borrowed money by 1MDB and the inability to answer questions regarding what happened to the funds that disqualifies Najib from being prime minister of Malaysia," Mahathir said.
Money disappearing
He said government can lose money through bad investment which can be traced but money disappearing completely was another matter.
"Disappearance is different from just losing. Disappearance is about money lost which cannot be traced. This can be because of corruption or theft," he said.
He also painted a bleak picture of efforts to rescue 1MDB, stating that the supposed RM52 billion asset the company has will be less than sufficient to repay its massive debt.
"It can only use this money to repay loans if it succeeds in selling them off as land or after development.
"Progress on TRX is very slow and there is no work on Sungai Besi land. No money will be generated during development; only outflows," said Mahathir - Msiakini
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