Another Case Of So What

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RULE NO 1 AGAIN - NO NAMES.

Overseas Bank Scandal (Adapted from newsw-v)
endless number of prominent M'sians, institutions making M'sia infamous bad enough that F_M, 1MDB put M'sia in intnl spotlight for wrong reasonsnow a troubled bank is doing us no favours either one of C-----dia’s largest commercial lenders facing mass withdrawals  after US (DoJ and Treasury), U.K. imposed sanctions on parent company, CEO sanctions accuse group of large-scale fraud and money launderingDoJ moved to seize 127,271 bitcoins—worth RM74b allegedly laundered seizure is largest in DoJ historysparked panic among depositorspublic panic is hard to contain Images and reports of long queues outside bank's branches customers rush to withdraw deposits amid uncertainty about bank’s future M'sian professionals entangled under glare of intnl regulatorsindependent director, bank’s CEO, senior adviser to board (all Msians)Chief Info Officer, Risk Officer, Distrib Officer, People and Comms Officer MsiansM'sian in multiple levels of leadership raises uncomfortable questions For M'sia, another embarrassing reminder its names, institutions keep surfacing in foreign financial scandals 1MDB, money-laundering in S'pore, Switzerland M'sia’s reputation like revolving door for controversies those entrusted with financial integrity, facing allegations of massive fraud reflects deeper malaise of M'sians entangled in questionable enterprises another blow to already fragile image of M'sian financial professionalism tells the world how far we’ve drifted from era of integrity 
My Comments:
I began writing a longer comment but I deleted it. Here is a simpler version. This is the 3rd senior person from that institution who is linked to scandal. There was even  that person (and family) who were implicated. It has paid off for the well connected to steal taxpayer's money. Because too often the culprits get to keep the moneys they have stolen.   The worse culprits may not even be charged in Court for their crimes. Their names may pop up in the media. Investigations may be launched against them. Their moneys, bank accounts may get frozen. There may even be prosecutions initiated against them. Then after that - nothing happens. The cases against them can be dropped. They strike deals with the authorities - even in other countries. They still keep plenty of the moneys they have stolen. When will all this come to an end? The quick answer is NEVER.Unless the culprits are arrested, charged and then thrown in jail for their crimes. Unless ALL their ill gotten monies and ill gotten profits are confiscated.  If that does not happen then the stealing will continue.But why does that not happen?Because the people do not seem to really care. Someone stole billions? The village idiots say 'Thats Bossku'.  Then they found RM171 million in the other fellow's place.The village idiots got stumped - for about half a minute.One fellow even admitted 'I take all the blame'. OK thank you very much. Here steal some more. You can fool some people all the time.
You can fool all THEIR people all the time.  So what?  
The views expressed are those of the writer and do not necessarily reflect those of MMKtT.By Syed Akbar Ali 

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