Singapore courts expectedly delivered farced "closure" on 1MDB saga with conviction of runner bankers on the multi billion soverign corruption and cross border money laundering scandal predominantly facilitated by banks in Singapore, Singaporean bankers and the Monetary Authority of Singapore
Malaysian ruling government continues to hide the truth on massive 1MDB corruption leading to losses of at least USD3.2b based on investigations by the US DOJ & Swiss AG to-date
1MDB investigations by the Singapore authorities need to be taken with serious dose of salt given the "token" sentencing given to key transactors Yak Yew Chee, Yvonne Cheah, likely due to their being Singaporeans by citizenship.
More importantly Singapore is seen mostly as its hand being pushed by revelations of US & Swiss authorities before the island laundering haven was forced to commence prosecution in a "for-show" basis.
Ultimate mastermind to the 1MDB corruption scandal in Malaysian Prime Minister Najib, his stepson Riza Aziz, front man Jho Low were largely unmentioned & not prosecuted by Singapore, largely believed to be due to tacit agreement between Singapore government & the ruling dictator in Malaysia - more sinisterly for asymmetric benefits to Singapore (to the detriment of Malaysia's national interests) in an array of issues such as water supplies to the island, High Speed Rail construction projects amongst others whereby Malaysia will almost certainly be compelled to pick up the tab to allow free ride by Singapore if not for asymmetric benefits
Singapore courts expectedly delivered farced "closure" on 1MDB saga with conviction of runner bankers on the multi billion soverign corruption and cross border money laundering scandal predominantly facilitated by banks in Singapore, Singaporean bankers and the Monetary Authority of Singapore
ReplyDelete1mdb circus in Singapore courts
ReplyDeleteSingapore MAS should self sanction itself for allowing billions of 1mdb corruption proceeds to be laundered through Singapore onshore banks
ReplyDeleteSingapore monetary authority and courts lose credibility as institutions to stem corruption money laundering
ReplyDeleteHow did Singapore allow billions of 1mdb funds to be laundered for years onshore
ReplyDeleteIncreased Chinese scrutiny of Singapore's role as a willing recipient of corruption proceeds and illicit money laundering haven
ReplyDeleteIndonesia has done well to clamp down on illicit funds stashed away in Singapore and can do better
ReplyDeleteModi would do well to scrutinize leakages and illicit funds laundered by the Indian diaspora vide Singapore over the years
ReplyDeleteSingapore casinos being used extensively for illicit and corruption proceeds laundering
ReplyDeleteMalaysian ruling government continues to hide the truth on massive 1MDB corruption leading to losses of at least USD3.2b based on investigations by the US DOJ & Swiss AG to-date
ReplyDelete1MDB investigations by the Singapore authorities need to be taken with serious dose of salt given the "token" sentencing given to key transactors Yak Yew Chee, Yvonne Cheah, likely due to their being Singaporeans by citizenship.
DeleteMore importantly Singapore is seen mostly as its hand being pushed by revelations of US & Swiss authorities before the island laundering haven was forced to commence prosecution in a "for-show" basis.
Ultimate mastermind to the 1MDB corruption scandal in Malaysian Prime Minister Najib, his stepson Riza Aziz, front man Jho Low were largely unmentioned & not prosecuted by Singapore, largely believed to be due to tacit agreement between Singapore government & the ruling dictator in Malaysia - more sinisterly for asymmetric benefits to Singapore (to the detriment of Malaysia's national interests) in an array of issues such as water supplies to the island, High Speed Rail construction projects amongst others whereby Malaysia will almost certainly be compelled to pick up the tab to allow free ride by Singapore if not for asymmetric benefits