Re: PRC ferrari driver Ma Yong's brother is a big mafia boss?
Of cox it is, last time used to be indonesians, now are the indians and PRCs. I mentioned before one of my female friend, she was a private secretary of an Indian old man, she got paid 8K a month, got personal driver, she gets the driver when her boss not in town. Every month she has to issue 6 figures cheques, bought a few unit of apartment in a single storey before. Have to be 24 hours standby, dunno when her boss will be in town. Got 1 time she bought 1st class flight seat for her boss, thought that her boss had gone, but he didnt go without telling her....
Eventually she quits, because of the stress and feel like she's doing something illegal, her boss still wants her back, but she rejected.
I have many years of banking experience and has witnessed customer depositing large bills regulary on a weekly basis.
I personally have counted these notes and know that it is kept in a safe for a long time. An experienced cashier can tell the difference of the old stale notes.
Now at any counter u queque in the bank, you will note that the Singapore $1000 bill is the most heavily used note.
Singapore is a haven for those who transact in big numbers on cash terms. Remember the Korean courier was stopped at the airport with $ 6 million cash in his suitcase..
We have the world largest denomination.. a $10,000 note. One single piece is equal to Usd 8000..
The world most populated country has only a RMB 100 bill..which is about Sing$ 20 only....Why on earth does Singapore need and issue so large a denomination of $10,000...to facilitate those who transact big numbers on the quiet..???
Is:nt it facilitating the money lauderers and drug lords....??? You can stashed some $20 million in cash in a safe deposit box in a bank here..all in $1000 and $10,000 denominations.
Is it to make Singapore a hub for parking large ill-gotten gains..???
One day, the Finance Minister must account for this likely illegal and dubious arrangements..making it easy for drug lords and money lauderer to park their money here...
I smell something fishy with this arrangement....