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Zouk SG bows down to Najib's son

Mockngbrd

By Mockngbrd,
in Lite & EZ

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Mockngbrd

Mockngbrd

Supersonic

hahahahaha.... sell to Genting become crony club liao

http://forums.hardwarezone.com.sg/eat-drink-man-woman-16/%5Bboleh%5D-najibs-son-alledgedly-stopped-zouk-dj-play-his-own-set-5317791.html

 

https://www.youtube.com/watch?v=dLGDGgLykV8&feature=youtu.be

 

 

 

Originating from Egypt, DJ duo Aly & Fila have been busy bringing their super hot trance bangers across the world, exposing the global EDM scene to the little known scene in their part of the world. Though both produce music together, only Fila (Fadi Wassef Naguib) goes on tour, because Aly has to avoid loud music due to a severe ear injury. 

Fadi was all too happy to play in Singapore once again at Zouk as the very first stop in his 2016 tour that'll have him play in the likes of Ultra Music Festival in Miami, EDC Festival in New York, and more. From what we've gathered though, the tour got to a very bad start here last Saturday — so much so that he'll never play at our iconic nightclub anymore. 

Allegedly, Norashman Najib — the son of Malaysian prime minister Najib Razak — used his VVIP power to cut short Fadi's set. Why you may ask? Oh, because he apparently wanted to play his own DJ set. Yes, a prime minister's son wanted his own 15 minutes of fame, so he kicked out an actual professional (#42 on DJ Mag's top 100 DJs last year) from his own showcase. 

"...it seems that Zouk here wants someone else to play. Not only because of that! Because apparently he's the son of a prime minister," Fadi says to his dismayed audience in captured footage of that night. 

"Thank you so much, enjoy my last track. I'll see you somewhere in the future. Not in Zouk anymore! Because I won't play in Zouk any-****ing-more," he declared. "They've insulted me, but I love you guys." 


Zook fb trying to do damage control kenna hantum: https://www.facebook.com/zouksingapore/

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2BDriver

2BDriver

Hypersonic
(edited)

:o    [sweatdrop]    [:/]

 

CCB Najib   [mad]

Edited by 2BDriver
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ins1dious

ins1dious

Turbocharged

same son that make Wolf of Wall Street? just buy over Zouk la ... lol

 

supposed to be the last son... from the fB comments.

 

How many of these spoilt brats has Jibby spawned anyway....

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Jman888

Jman888

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aint going to play for zouk any f***ing more ... lol

 

 

I thought they already sold off and move out of Singapore when the lease expired?
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Wt_know

Wt_know

Supersonic

Genting buy Zouk liao ... moving to Clarke Quay ...

 

I thought they already sold off and move out of Singapore when the lease expired?

 

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StefanK

StefanK

Supercharged

Was there a donation made to Zouk too? =P

 

Maybe Genting got Najib's share.

 

Parent company in Malaysia mah... balls shrink and go back up.

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Shibadog

Shibadog

Turbocharged

Maybe Genting got Najib's share.

 

Parent company in Malaysia mah... balls shrink and go back up.

 

 

Genting n 1MDB got history mah... [lipsrsealed]

 

http://www.wsj.com/articles/fund-controversy-threatens-malaysias-leader-1434681241

 

Paying a high price

In one power-plant deal, the seller was Genting Group  which calls itself Malaysia’s leading corporation. The sprawling real-estate, plantation, hospitality and casino company owns New York City’s only casino and just broke ground on a $4 billion Chinese-theme casino in Las Vegas. The 1MDB fund in October 2012 acquired a Genting unit that owned a 75% stake in a 720-megawatt coal-fired power plant near Kuala Lumpur. The price, which was equivalent to about $740 million at the time, came to 2.3 billion Malaysian ringgit. Genting later reported it had a 1.9 billion-ringgit extraordinary gain on this sale, implying a value for its stake in the power plant of just 400 million ringgit—or less than one-fifth what 1MDB paid for it.

 

In a second sign that 1MDB paid a high price, the fund’s financial statement for the fiscal year ended in March 2013 said the power unit’s property, plant and equipment were worth a little under 500 million ringgit at the time of acquisition.

 

The fund cited 1.7 billion ringgit of “intangible assets,” which were the value of the plant’s agreement to sell power to a state-owned entity. But this valuation appeared to be contingent on Genting obtaining a renewal of its power-sale agreement, which was running out in 2016.

Genting announced the terms of the sale to 1MDB in August. Equity analysts at the time noted the size of the deal was positive for Genting given its contract to sell power was ending. In early October, Malaysia’s Energy Commission, an independent body which regulates the energy sector, announced Genting had won a 10-year extension to sell power through 2026. A few days later, Genting and 1MDB finalized the sale.

 

Soon after the purchase, 1MDB appeared to recognize that it had overpaid for power assets. In its financial accounts for fiscal 2013, the fund took an “impairment” charge of 1.2 billion ringgit, writing down part of the premium it had paid to acquire power assets from Genting and another Malaysian company.

 

 

 

P1-BU064_1MDB_9U_20150618184209.jpgENLARGE

 

 

The 1MDB fund said the premium it paid reflected the experience of the staff of the Genting unit. Mr. Arul, 1MDB’s president, said in a December news release that the valuation was “commensurate with their existing and future potential” at the time.

 

A few months after the sale, a unit of Genting called Genting PlantationsGENP 0.37 %   Bhd. made a donation of about $10 million to a Najib-linked charity, according to a spokesman for Genting Plantations. The charity, Yayasan Rakyat 1Malaysia, lists Mr. Najib as chairman on its website. Stock analysts at the time said the surprise donation reduced the company’s net profit in the first quarter of 2013, and said they didn’t expect it to be repeated.

 

Though set up to help underprivileged Malaysians through education and sport, this charity soon got involved in spending that appeared designed to help Mr. Najib retain power in a May 2013 election.

 

It and other charities linked to the government spent millions of dollars before the voting in Penang, a northern state that was an important election battleground. Mr. Najib visited Penang during the campaign and announced that Yayasan Rakyat 1Malaysia would donate two million ringgit (about $660,000 at the time) to two local schools. These schools serve Chinese communities that are not a poor demographic, but whose support would be crucial to win voting in the area.

 

Mr. Arul, 1MDB’s president, referred questions about the matter to Genting and to the charity.

A Genting spokeswoman declined to comment on the charitable donation or the valuation of the plant sold to 1MDB.

The charity, too, declined to comment. Regulators say the charity has failed to file required financial statements since its inception in early 2013.

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