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Najib implicated in funneling funds into personal a/c


Vega
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no wonder @Jamesc look up to his friend so much, he always know what he is doing  [thumbsup]

Goldman Sachs' ties to scandal-plagued 1MDB run deep
Justin Baer and Tom Wright and Ken Brown The Wall Street Journal Thursday, Dec 22, 2016
 
20161222_goldman1mdb.jpg
 
On a yacht moored at Saint-Tropez, Malaysian Prime Minister Najib Razak talked business with Abu Dhabi's crown prince. Included in the horseshoe of chairs set up for the July 2013 gathering was a partner from Goldman Sachs Group Inc.
 
The bank earned its place through years of cultivating Mr. Najib and a state investment fund he founded. Goldman had raised US$6.5 billion (S$9.4 billion) for the fund and earned nearly US$600 million in fees, making the Malaysian client among its most lucrative.
 
Mr. Najib lavished praise on Goldman, said people familiar with the meeting. "Do you see any other bankers on this boat?" one recalls him saying.
 
Today Mr. Najib and the state fund, 1Malaysia Development Bhd., or 1MDB, are at the centre of what investigators consider one of the largest financial frauds in history. Investigators have said 1MDB was used by the prime minister as a political slush fund and by associates of his to buy more than US$1 billion of real estate, art and other luxuries from London to Beverly Hills, California.
 
Among all the firms touched by the scandal, which include banks around the world, Goldman holds a unique position for its closeness to 1MDB and the principals.
 
When the Malaysian fund, which Swiss investigators have labelled a Ponzi scheme, ran into roadblocks in its quest to raise cash, Goldman helped keep the money flowing through bond sales.
 
US Justice Department investigators are trying to determine whether Goldman had reason to suspect that money it helped 1MDB raise was misused and, if so, whether the bank was obligated to report any concerns to authorities.

 

 

 
 
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makes your tummy round too....

 

and other parts of your anatomy round also depends on what you tell your celebrity cosmetic surgeon...

 

:D

money make the world go round .....  :D

 

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oh yeah.... those thunder thighs reminded me of @Porker's alter ego... :D

 

 

 

 

saw this show on the flight ....... so so only .

 

some other very nice movie i saw : about a boy , war dog , begin again (nice song too)  

 

Listen here

 

Edited by Angcheek
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KUALA LUMPUR: The ringgit kicked off the first day of trading in the new year on a soft note against the stronger US dollar, extending the losses seen on the last day of trading in 2016.

 

At 9am, the ringgit was quoted at 4.4850/4890 against the US dollar compared with 4.4845/4875 on Dec 30, 3016.

 

The risk appetite for the ringgit remained weak as investors awaited fresh catalyst to spur buying interest ahead of the prospect of further rise in US interest rates this year.

 

 

 

My fren is working hard to bring it down.

 

:D

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ahjib kor ... we love you deep deep

please work hard ... CNY coming

need to cheong to msia to buy goodies ... [laugh]

spore buy 1 box ... go msia can buy 3 x boxes !!!

Edited by Wt_know
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My fren is working hard to bring it down.

 

:D

 

 

obviously he did something right, i saw the rate of S$100 drop from RM310.5 at xmas to $307 yesterday   [thumbsup]

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obviously he did something right, i saw the rate of S$100 drop from RM310.5 at xmas to $307 yesterday   [thumbsup]

 

I will ask him for a better rate for CNY

 

so people can go in and get their goodies.

 

:D  

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A little Boy wanted 500 ringgit so he prayed for weeks, but nothing happened.

Finally he decided to write a letter to God requesting for the 500 ringgit. When post office staff received a letter addressed to God, they decided to forward the letter to the Prime Minister Department.

 

The PM was so amused, so he instructed his secretary to send the little boy 100 ringgit as he thought 500 ringgit would be a lot of money for him.

 

The little boy was delighted with 100 ringgit & decided to write a thank you note to God.

 

Again the post office sent the letter to the PM Department.

 

PM reads the letter, which says: 'Dear God, Thank you very much for sending the money. However, I noticed that you have sent it through the Prime Minister Department & it appears that corrupt PM stole my 400 ringgit.

 

 

 

[laugh]

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