YOURSAY | ‘I don't mind a jail term of 18 weeks if I can keep the millions earned through illicit transactions.’
Jho Low’s former banker gets 18 weeks’ jail
Annonymous: Singapore always boasts about its no-nonsense approach and uncompromising stand against corruption.
However, the recent "tough" actions - the closing down foreign banks and seizing of assets (and only after the Swiss' action against 1MDB) - are just a show to "impress" the world that it is "serious" about taking action against criminal acts committed in Singapore.
We have a monstrous money-laundering and the biggest corruption scandal in the world involving 1MDB committed in this once highly reputable state.
The Malaysian corruption culture has clearly damaged Singapore's reputation for not going after the masterminds and those at the very top (tycoon Jho Low and the rest) who are all now living in luxury.
Singapore is just like Malaysia - only going after the small fish and the very mild sentence (as meted out to Jho Low’s former banker) is just simply shocking for this white-collar crime, when other minor criminals involving much smaller amounts (with no banks being closed) were severely punished.
NNFC: It looks like Singapore is just trying to put this behind them by imposing a token sentence, which basically says it is no big deal.
I am disappointed with Singapore, which is a major financial and allegedly a money-laundering hub.
Anonymous 759201436321741: I suppose those who thought former managing director of Swiss bank BSI Yak Yew Chee got a light sentence of only 18 weeks did not reflect on the gravity of the matter.
But what was the intention? I suppose the intention, and which had been clearly established during the trial, was the confirmation of Jho Low's linkage to 1MDB and therefore, that money-laundering activities had been committed.
When this information is passed on to US Department of Justice (DOJ) and the other foreign regulators to connect the dot with the line, surely the noose would be tightened and it is only a matter of time (for the alleged perpetrators be punished).
Anonymous_1371482984: Crime does pay. I don't mind a jail term of 18 weeks and a fine of S$24,000 (approximately RM75,000) if I can keep the millions earned through illicit transactions.
Anonymous_1395410756: Please return the RM27 million that Yak profited to the rakyat of Malaysia, failing which Malaysians (we can forget about our attorney-general) must file civil suits to recover the stolen money.
We must all write to the Singapore government to confiscate Yak’s ill-gotten wealth and rightfully return it to the rakyat of Malaysia (not the government of Malaysia).
Bluemountains: When will Singapore make use of Interpol to arrest the actual money launderers?
So far, Singapore seems more interested in going after those who helped in the money laundering. The real thieves are still roaming free.
Anonymous #12566075: Singapore promotes and claims to be a clean financial centre, but with clear-cut evidence of money laundering in this case, the sentence of 18 weeks jail plus a fine of S$24,000 will not be a deterrent.
Aussie71: Jho Low has enough evidence to put him behind bars for a very long time. The only thing the Malaysian government has done is to question him, so it says, and then lets him go on his merry way.
Why is the rest of the world seeing the corruption, but not Malaysia?
Report: S'pore investigator says Jho Low a 'person of interest' in 1MDB probe
Negarawan: Singapore is a living example in which there is no need for Islamic laws to remain corruption-free.
It is quite an embarrassment that the Malaysian government, which proclaims itself to be an Islamic government wanting to implement tough hudud laws, is now one of the most corrupt countries in the world.
In fact, it is Singapore, and the other countries investigating 1MDB, that have been carrying out the roles and responsibilities of the Malaysian AG, Royal Malaysian Police (PDRM)), Malaysian Anti-Corruption Commission (MACC) and Bank Negara in prosecuting the perpetrators behind 1MDB.
Don't these Malaysian agencies have any Islamic values, or even any basic moral values, to do what is right for their own country?
Worse still, the heads of these agencies try to give a false impression that they are morally upright by publishing self-praising books and making emotional speeches.
Fair-minded Malaysians are very thankful for the efforts being taken by Singapore, Switzerland, the US and other countries to bring justice to the shameless perpetrators behind 1MDB.
Jaycee: And let us not forget that stepson. He allegedly spent millions of the taxpayers’ money producing ‘The Wolf of Wall Street’.
And the irony is that the movie cannot be shown here because of the provocative language and nude scenes.
And what about the million-dollar mansion in Beverly Hills that he bought from money allegedly stolen from taxpayers?
Boeyks: Only three persons of interest (Jho Low, his associates Eric Tan and Mohamed Ahmed Badawy Al-Husseiny)?
Have they forgotten the most important one, who benefitted the most from the alleged scam?
Anonymous 2441811478183768: Malaysia is not a rich country but it surely is generous to blokes with secret trap doors for cash to fall through and straight into the hands of friends of MO1.
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