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View Full Version : SURE OR NOT - Malaysia lost RM893b in illicit outflows, research shows !!



currymee
23-07-2012, 11:44 AM
Malaysia lost RM893b in illicit outflows, research shows

Sure or not ? :confused:

SO LITTLE ... I was expecting MORE !!! :D

http://www.themalaysianinsider.com/malaysia/article/malaysia-lost-rm893b-in-illicit-outflows-research-shows/

PS: Anyone want to bet that you will NOT read this news article in the Star or NST or Utusan ? :D (I am looking for a "sucker" today !!) :p

CS Chua
23-07-2012, 12:53 PM
This is not surprising to me but what surprises me was, Singapore had RM533 billion illicit outflow!! How come? For a squeaky clean country, that is a lot.

SiangMalam
23-07-2012, 01:00 PM
This is not surprising to me but what surprises me was, Singapore had RM533 billion illicit outflow!! How come? For a squeaky clean country, that is a lot.If I say Singapore is not Singapure but Singapura-pura, old Harry will sue me till kingdom come. So I write very carefully here - there are plenty of articles ALLEGEDLY identifying Singapore as the biggest money launderer in the world, ALLEGEDLY bigger than their Swiss cousins. I know for a fact many Indonesian coalminers, iron ore miners and nickel ore miners receive and cash their LCs in the island state banks...

Look at the hundreds of private jets parked in Paya Lebar airport and look at their registration numbers, mostly Singapore-registered jets but semua pun tahu, they are Indonesian-Chinese owners based in Singapura-pura as PRs....

p.s. must be careful, mungkin ada orang yang sudah kena banned report sama saya kepada Spore High Commission, mampus gua tadak hari raya....

CS Chua
23-07-2012, 01:17 PM
If I say Singapore is not Singapure but Singapura-pura, old Harry will sue me till kingdom come. So I write very carefully here - there are plenty of articles ALLEGEDLY identifying Singapore as the biggest money launderer in the world, ALLEGEDLY bigger than their Swiss cousins. I know for a fact many Indonesian coalminers, iron ore miners and nickel ore miners receive and cash their LCs in the island state banks...

Look at the hundreds of private jets parked in Paya Lebar airport and look at their registration numbers, mostly Singapore-registered jets but semua pun tahu, they are Indonesian-Chinese owners based in Singapura-pura as PRs....

p.s. must be careful, mungkin ada orang yang sudah kena banned report sama saya kepada Spore High Commission, mampus gua tadak hari raya....
OK, got you. Singapore is allegedly clean but also allegedly the world biggest money laundry country in the world. It is allegedly incorruptible but the alleged RM533 billion some how finds its way out of its allegedly clean and professional banking system. So its allegedly clean image is also allegedly not so true in an alleged manner of speaking, of course.

Rhiga
23-07-2012, 01:54 PM
I have an ex-colleague who told me last time he can just wrote his name James Long to issue/deposit cheque to a Singapore bank.. his private banker will kau tim the rest..

He can't do it now. He must write his complete name like James Long Long Sick because his private banker does not want to go to jail for anything related to incomplete declaration for allegedly money laundering !!

Fyi, this fella’s old man was ex-apanama in Sabah where he directly involved in timber concession matters. So, a lot of the “income” must kept in the small red dot, not in bolehaland. ;-)

Even with one of the tightest measures to curb money laundering, Singapura-pura is allegedly still the favorite place in this region for those who allegedly require special monetary service !! ;)

currymee
23-07-2012, 01:56 PM
YUP !! The moment I kena JACKPOT, I will transfer ALL OF IT to Spore asap .... COME ON TOTO !! :D

cml
23-07-2012, 02:03 PM
There are already quite a number of people who are already parked in the little red dot. My x boss who is a director of a few listed companies stays in sentosa , in fact has 2 bungalows. someone once offered him 55million sing for the 2 units but he does not need the money, why would he want to sell. Probably now it is worth 70 million or more. He bought himself a 8/9 million ringgit ferrati, so called the ferrari of motor yachts. They lead a good life there.

SiangMalam
23-07-2012, 02:24 PM
There are more BVI companies issued out of Singapore than in BVI itself, what does that tell you Mr Chua? Isn't that legalizing what is illegal?

cml
23-07-2012, 02:59 PM
There was a report that there are in spore 18000, yes eighteen thousand indonesians with more thana million sing dollars to their name either in cash or assets and that includes those with much more than that. Go figure.

currymee
23-07-2012, 03:30 PM
I am just wondering HOW ON EARTH DO THEY TRANSFER SO MUCH FUND out without Bank Negara knowing ? :confused: ... I admit that I am a small-timer but I also want to learn leh .... :)

Firefly
23-07-2012, 04:44 PM
Currymee, just walk out of teh country with a briefcase of large notes in all international tradeable currencies. Like SGD. HK have 1000 in denominations, GBP and USD have 100. Sure beats carrying RM100 notes.

SiangMalam
23-07-2012, 04:48 PM
Currymee, just walk out of teh country with a briefcase of large notes in all international tradeable currencies. Like SGD. HK have 1000 in denominations, GBP and USD have 100. Sure beats carrying RM100 notes.

What exactly are you saying? Have you not seen those signs at customs check-points (even at Subang Skypark) that says declare anything more than EQUIVALENT of USD10,000? Pls don't teach ppl the wrong thing cos this is a serious offence to be caught with currencies - unless you are ex-MB Mad Tyson who speaks no England!

kwchang
23-07-2012, 05:13 PM
...with a briefcase of large notes in all international tradeable currencies...
Almost all countries have regulations to prevent money laundering and it is an offense to carry large amounts of cash across borders without informing the country that you enter. If you get caught, the penalties can be very severe, so don't advise anyone to try it. Always check before you travel to another country.

I understand what you all are asking ... how to avoid Bank Negara from finding out that you are bringing large amounts of money out of the country. Did you know that if you bought a small bank draft in foreign currency, your bank will inform Bank Negara, regardless of the so-called limits where you need not declare? Cannot escape detection. So how do the money flow out of the country undetected?

zinglicious
23-07-2012, 05:18 PM
Our former MB did it without detected until he reach Australian soil. Just like Mike Tyson, he was not banned or jailed for his act Downunder because he pleaded innocent for not speaking good Inglish. But he was not being charged in Malaysian Court either where he speak flair Bahasa Malaysia.

There are separate laws or regulation for some class of people from Dato to Lato :rolleyes:

Challenger
23-07-2012, 09:57 PM
The report is definitely wrong. RM893bil? Come on la. It's more like RM8.93 trillion. Go ask your money lender friend (if you have any) the amount of RM being transferred out from Bolehland everyday. The amount is shocking!! Remember Chua Soil Leg's brudder's case? Where the money went?Thru who? Using what method? And that's Chua Tee Yong's uncle only. What about many others like Ro Se Mah? Ama Musa? Gunny Petai? Apanama? Jib Gor? Wah Kor? And many other biz men?

I believe BNM is aware of that and for reasons only known to them, decided not to do anything.

clfoo
23-07-2012, 11:27 PM
Almost all countries have regulations to prevent money laundering and it is an offense to carry large amounts of cash across borders without informing the country that you enter. If you get caught, the penalties can be very severe, so don't advise anyone to try it. Always check before you travel to another country.

I understand what you all are asking ... how to avoid Bank Negara from finding out that you are bringing large amounts of money out of the country. Did you know that if you bought a small bank draft in foreign currency, your bank will inform Bank Negara, regardless of the so-called limits where you need not declare? Cannot escape detection. So how do the money flow out of the country undetected?

hmm how could ? probably can consult roast mama ?

http://www.malaysia-today.net/mtcolumns/newscommentaries/29104-tian-chua-implicates-rosmah-in-illegal-money-transaction