Like a virgin, you tip toe around the pussy and don't know how to enter it. Let me tell you what is happening here. All this shit about BSI doing fraud and money laundering, and having loose institutional control and all that is bullshit and a smoke screen by MAS. Every private bank is doing it in singapore, the exact same thing that BSI is doing. If all their alleged crimes are so bad, kindly point out which of their clients have started legal proceedings against them? Which of their clients have filed a complaint with MAS or the police. There has been non.
MAS is after them to whack them and shut them down simply because of their involvement in IMDB. This was a case where MAS clearly let the large amount of money come in through the Cayman Islands and then allowed BSI to re-route it to the personal account of Najib. In both cases when the money flowed into and out of singapore, MAS knew it. Alarm bells and red alerts should have been going off at MAS. Yet the transactions were not questioned at that time and allowed to be processed. Now, MAS is shutting BSI down to cover up their complicity in the whole mess.
Its very hypocritical of Ravi to come out and say that banks have "to take their anti money laundering responsibilities seriously", when in fact, he presides over a system that have seen numerous crooks, drug kingpins and tyrants hide their money here. If he is so concerned about money laundering, then why don't he give the Indonesian govt what they ask for? And why allow such suspicious transactions to flow into the personal account of a Malaysian politician?
