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Showing posts from June, 2017

Time to be Malaysian first, not an ethnic group

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By Bulbir Singh I REFER to the report “Stand united and prosper” and Wong Chun Wai’s article “See the beauty in all religions” (Sunday Star, June 25). I share Wong’s sentiments as I too come from a Catholic school, St Paul’s Institution in Seremban. I went there in the 1950s and I would say this school made me a good Sikh. And thank you, Star Media Group, for your efforts in running a patriotic campaign that aims to bring Malaysians together. I applaud your efforts. You are a caring media group and as a consumer advocate, I like your attempts in striving for moderation. I say that we must do everything we can to replace hate with moderation and end extremism in any form and be serious about removing it from the root. With mutual respect, we can create a harmonious nation as we celebrate the coming National Day. The spirit of moderation will be the source of success for our country. Moderation is the way for a multiracical nation. This is how we should live. Let us strive...

The Balloon Goes Up On 1MDB - Leo's Paintings, Rosie's Diamonds, Jho Low's Yacht and Miranda Kerr's Jewels Snatched By The Feds!

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Somewhere off the Bahamas in early August 2014 one of the world’s best known super-models was presented with a fabulously expensive and specially commissioned set of diamonds – a matching 18k white gold diamond necklace, earings, bracelet and ring, designed by top jeweller Lorraine Schwartz and costing $1,980,000. The presentation of the gift had been “meticulously planned” by her enthusiastic beau through a “high-end conciearge servce” on board the brand new super-yacht, which he had just taken delivery of, according to a 251 page court document issued yesterday by the US Department of Justice. The super-model was the Australian Miranda Kerr, famous for her own popular jewellery collection (prices starting at $69) at Swarovski; her pudgy admirer was the Malaysian super-thief Jho Low and the super-yacht was the $250 million, 300 foot Equanimity: “capable of carrying up to twenty-six guests and up to thirty-three crew members and includes a helicopter landing pad, an on-board gymnasi...

Silver lining in 1MDB saga

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By Grace Leong Singapore's reputation as a financial hub was at stake as the authorities investigated a maze of transactions passing through the banking system here in the 1Malaysia Development Berhad (1MDB) controversy. The result of the Republic's most extensive probe to date: A total of $29.1 million in penalties slapped on eight errant banks and the conviction of five people linked to Malaysian businessman Low Taek Jho. Three of the five have been banned either for life or a minimum of 15 years from Singapore's securities industry, while another has been banned for 10 years. Three more face three- to six-year bans. The authorities stress that the scale of the review has been unprecedented, spanning hundreds of thousands of transactions involving many shell firms and people operating in the United States, Switzerland, Hong Kong, Luxembourg and Malaysia. But it may not be over yet, given the complexity of the case. The Monetary Authority of Singapore noted that its fin...