Friday, April 15, 2016

1MDB: A Victim of Fraud

1MDB chief executive officer Arul Kanda Kandasamy has come out to say that 1MDB might be a “victim of fraud”.
 
That’s an admission that something is seriously amiss! Previously, they were in total denial about everything. I suppose they can no longer keep the lid on the dodgy racket.
 
First, the denial by IPIC/Aabar that they did not own British Virgin Islands-registered Aabar BVI. Second, the Swiss Office of the Attorney-General had allegedly said the $3.51 billion paid for the guarantee of bonds issued to fund 1MDB’s power plants was not even returned to Aabar BVI but instead benefited two individuals, a “former 1MDB body” and a motion picture company. It is investigating the 1MDB transaction for fraud, forgery, bribery and money laundering.
 
On the other hand, 1MDB maintained they made those transfers to the British Virgin Island registered firm Aabar PJS Limited after being told the firm is a subsidiary of the Abu Dhabi state firm International Petroleum Investment Corporation (IPIC). They said they were assured this by then IPIC managing director Khadem al Qubaisi and IPIC subsidiary Aabar CEO Mohamed al Husseiny.
 
No “due diligence” was done before they transferred the money. They didn't exercise any care because it was not their money but the Malaysian public's. And they know there's a significant number of Malaysians who are not just gullible but also easily duped. I believe it has something to do with our world-class education system that has made many of the Malaysians so stunningly stupid.
 
WE DID IT! The Reds won 4-3 (aggregate 5-4) and we're into the UEFA Europa League semi-finals! Yay-y-y-y!!!
 
I shook off my sleep at 3:05 AM this morning to witness Liverpool stage one of the most dramatic comebacks Anfield has seen to overcome Borussia Dortmund in an epic classic that was drooling with pure excitement.
 
The Reds were twice left needing three goals to go through in the face of the Bundesliga side’s rapier attacks. The latter punished Jurgen Klopp’s side inside the first nine minutes through Henrikh Mkhitaryan (5) and Pierre-Emerick Aubameyang (9) – both after swift breaks, with the latter sealed by a crisp 14-yard strike – to take a 3-1 aggregate lead in the tie.
 
And even after Divock Origi gave Liverpool hope when he slotted the ball through the legs of keeper Roman Weidenfeller in the forty-eighth minute – that was snuffed out by Marco Reus's cool fifty-seventh-minute finish.
 
The Reds needed three goals. Philippe Coutinho's low shot in the sixty-sixth minute cut the deficit and when Mamadou Sakho headed in after seventy-seven minutes, the score showed 3-3.
 
Liverpool stood on the brink of something spectacular. That came when James Milner’s cross in stoppage time allowed Dejan Lovren to head home in front of the Kop to spark crazy celebrations and sealed an important win that will take its place in Anfield folklore.
 

 
 
 
 
 
 
 
 
 
 
 
And did you know that Liverpool's four goals came from their only four shots on target in the entire game?
 
''I can't explain,'' Dortmund coach Thomas Tuchel had confessed. ''It was not logical.''
 
Anfield has seen many great nights and this can be added to the list!
 
Yesterday, I was in KL's Jalan Imbi for the Berjaya UCH Toastmasters meeting – and I evaluated Harizah Faiz’s CC#5 speech. Certainly, a good speech that deserved and received a good evaluation. That may have explained why I was voted Best Evaluator.

Definitely, a marvelous meeting! I too was euphoric!
 


















 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Actually, I had asked to be Grammarian – but given a speech evaluator’s role instead. I do miss being the Language Evaluator – after all, I am not just a Toastmaster, but also, a person who is passionately in love with language.

This is good advice!

 

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