[Roardog]

(11-22-2018 11:53 AM)RoadTo100 Wrote:  

Just finished reading Billion Dollar Whale, cover to cover. Highly recommended.

If you want to learn more about the story w/out buying the book, check out this website:

http://www.sarawakreport.org

As you guys noticed, Jho Low was able to continue partying for YEARS before the heat got turned up on him. The blogger behind the Sarawak Report was one of the first to bring attention to him, mostly by writing salacious clickbait-style articles focusing on the insane partying that him and his associates were doing with the stolen money.

For example:

From One Of The Lads To Fellow Fugitive
http://www.sarawakreport.org/2018/11/fro...-fugative/

Khadem Al Qubaisi Owned Hakkasan (HKK) Entertainment Empire As Part of the Vasco Trust Web Of Companies - MAJOR EXCLUSIVE!
http://www.sarawakreport.org/2016/08/kha...exclusive/

^ the owner of Hakkasan and Omnia in Las Vegas was an associate of Jho Low !!! Funny to see the dichotomy between him in his arab garb and when he is partying in the west:

https://www.google.com/search?q=khadem+a...0&tbm=isch

Timeline-wise, it was 2009 when JL first diverted 300M from 1MDB to his Goodstar shell company... And the crazy thing was, it sure seemed like he could have gotten away scot-free if he had just *stopped* at the 1st scam, and then used the continuing investment to "cover up" the mere 300M hole out of billions actually raised in the sovereign wealth fund.

... but instead he continued stealing into the billions and of course it eventually became impossible to successfully cover it up.

She has covered it quite well for a long time. Pretty sure she has written a book now as well?

They all could have stopped, Jho Low, Najib, etc but they were too greedy. And $300M doesn't go far when you buy a $250 MUSD super yacht.
Malaysians accept that politicians are corrupt and that "its just how things are" but Najib took the piss and that is what really brought him undone.
If he'd "just" taken 10-20% like Mahartir did when he was in power he'd have been fine.

(11-22-2018 12:01 PM)Jefferson Wrote:  

(11-22-2018 11:16 AM)BaatumMania Wrote:  

Most of the Chinese in South East Asia are self-made. Mainland China was poor as shit until the 1980s so it's not like Communist China made them rich. Chinese in the region were also greatly impoverished too (which is why so many joined the Communist Party in Malaysia and Philippines).

Chinese get richer quicker than most nationalities just because of an insane work ethic and high savings' rates and arguably more individualism (yes Chinese are kind of family oriented compared to westerners but they don't give money to 2nd and 3rd cousins or support the whole village like South East Asians tend to do). .

They are self-made in the sense they were poor to start with, yes, but of course they achieved their wealth on the back of the Malaysian and Indonesian market in which they operated, ie they made a profit on the locals. After they do that they do not give back to local society because they do not integrate fully, with their own language and chinese connections they always tended to stick to their own kind, minus taking on local women obviously.

Yes, they are hard working but they are also to a certain extent parasitic, self-enclosed and self centred communities, who at times have their offspring steal from the locals in a spectuclar way, as we see with the story of this Ethnic Chinese fraudster who stole from a Malaysian pension fund designed to benefit the Malaysian people.

Mate, the Malay's steal from the people way more than the Chinese do. Mahartir and Najib are the biggest crooks of them all. The government in Malaysia has been corrupt since the get go, and it's majority Malay.

Not to mention if I was treated like a second class citizen in my own country I'd be inclined to band together with my own kind. It's not like Malay's have been too welcoming over the years.