1MDB Board of Directors A Classic Ali Baba Operation

This is from the Malaysia Chronicle

• NAJIB PUSHED THROUGH DEAL FOR JHO LOW? 1MDB says board approved of deal with diverted US$ 700 mil
• KUALA LUMPUR - 1MDB said its board had sought clarification over a deal from which US$700 million was diverted to a firm linked to a local tycoon, but ultimately approved of the agreement.
• “All information related to the transaction, including the relevant agreements executed and funds flow, were presented to the BoD of 1MDB.
• “Where queries were raised by the BoD, clarifications were provided to their satisfaction, and the Board duly approved the agreements, which have never been cancelled,” it said in a statement.

You can read the full story here.

My comments :  That White Woman who writes The Thingy from the UK has exposed the latest documents from 1MDB - meetings of minutes going back to 2009 where the Board of 1MDB has queried the wrongful misdirection of US700 million to the Fei Low guy from Penang.

According to the Malaysia Chronicle above (they quote from The Malay Mail) 1MDB has released a statement saying that the BOD of 1MDB ultimately approved everything. This means it was a Rubber Stamp Board.

1MDB says,  "  “Where queries were raised by the BoD, clarifications were provided to their satisfaction, and the Board duly approved the agreements, which have never been cancelled,” it said in a statement. " 

"which have never been cancelled "  -  so if this was the case the Board of 1MDB was just there at the Board meetings to make sounds and noises to pass the time. They raised the necessary "objections" and made sure it was recorded in the minutes. And that was it. Habis cerita. Nothing else happened after that.

That was six years ago. If the White Woman at The Thingy had not raised the issue we would not have known until the country had fully collapsed.

What I see is that Casey Tang (the former ED of TIA which changed name to 1MDB) has made MILLIONS of US Dollars. BNM has put out a Wanted poster for this guy. He cannot be found. He is probably living somewhere in super luxury.

For comparison, even his lower level underling like Jasmine Loo Ai Swan lives in a US$4.5 million apartment in New York.

There are a few camel shaggers involved who made millions of US$ as well. One of them has gone on to set up a string of night clubs in the US.

Then the biggest culprit that Fei Low guy is worth billions of US Dollars. Stolen money.  VVIPs tell me this guy can spend US$500,000 (RM2.2 million) at a night club in one night. That is your money folks.

Now a very flexible India rubber man has also stepped in because he speaks the London much better than the Alis and can keep mouthing off words - no matter how meaningless they sound.

The Alis on the other hand have been left high and dry.  Two of the Alis have also had to run away from the country. Rest assured they are not living in any swanky high rise in New York City. Talk is they are chilling on an Indonesia island with easy access to halal soto and maybe not so halal chewek as well.

I am sure the Alis got paid but maybe just their monhtly salaries, for which they were grateful.  Some may have received a little extra gratification - an extra Ringgit or a dinner invitation to the Fat Lady's party. It does not take much.

This was a typical Ali Baba operation.  The Babas became super rich, the Alis are left holding the baby. And looking so stupid.

Now their wives possibly spend a lot of time listening to Ustaz Kaz*m. Or worse Azhar K*pek.  They may even invite the retards to their homes. Since you are brain dead, might as well go all the way. Right?  They may also have increased their frequency to the umrah in Saudi Arabia. Or attend the Friday prayers more diligently.  Cuci sama cuci  dosa tak hilang juga.  Basuh sama basuh,  bodoh tak hilang juga.

It does not wash off the fact that they were either complicit, they were stupid or both.