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Chapter 1 What's Billion Dollar Whale by Tom Wright"Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World" is a nonfiction book co-authored by Tom Wright and Bradley Hope, detailing the infamous 1MDB scandal. The book chronicles the rise and fall of Malaysian financier Jho Low, who allegedly masterminded a massive embezzlement scheme involving the Malaysian government, diverting billions of dollars from a state investment fund, 1MDB. Wright and Hope expose how Low manipulated influential figures across finance and entertainment, including Hollywood stars and major banks, to cement his lavish lifestyle fueled by the stolen funds. Through meticulous investigative reporting, the authors reveal the intricate web of deceit that captivated global attention, showcasing the impact of greed and corruption at the highest levels of power. The book is an engaging read that highlights the lavish spending sprees, extravagant parties, and the eventual unraveling of the scheme leading to international investigations.Chapter 2 Billion Dollar Whale by Tom Wright Summary"Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World" is a non-fiction book co-authored by Tom Wright and Bradley Hope that tells the fascinating and shocking true story of the 1MDB scandal, a massive financial fraud in Malaysia that involved billions of dollars. Overview:The book centers around Jho Low, a Malaysian financier who masterminded the largest theft in the history of finance, stealing an estimated $4.5 billion from the 1Malaysia Development Berhad (1MDB), a state investment fund. Low's operation involved a complex series of financial maneuvers that fooled governments, banks, and high-profile celebrities. Key Themes:Fraud and Deception: The book delves into how Low used deception and manipulation to create an elaborate scheme that defrauded investors and institutions worldwide.Corruption and Power: Wright and Hope examine the interconnectedness of power and money, detailing how Low cultivated relationships with influential figures including politicians, celebrities, and business tycoons to further his schemes.Global Finance and Regulation: The story reveals the weaknesses in global financial systems that allowed such a massive fraud to go undetected for years, raising questions about the effectiveness of regulatory bodies and financial institutions.Political Ramifications: The book illustrates how the scandal affected Malaysian politics, contributing to the downfall of then-Prime Minister Najib Razak and sparking a global investigation into corruption. Structure:The narrative is structured chronologically, tracing the rise of Jho Low from a wealthy Malaysian family to an international financier who lived a life of luxury. It includes gripping anecdotes about extravagant parties, high-profile investments, and the eventual fallout as the scheme unraveled. Impact:"Billion Dollar Whale" not only tells the story of an audacious fraud but also serves as a cautionary tale about greed and the fragility of the financial system. It highlights the need for greater oversight and accountability in international finance, illustrating how easily trust can be exploited. Conclusion:The book concludes with the ongoing repercussions of the 1MDB scandal and the ongoing efforts to recover the stolen funds, emphasizing the complexity and global nature of financial crimes in the modern world.Chapter 3 Billion Dollar Whale AuthorTom Wright is an investigative journalist known for his work with prominent publications such as The Wall Street Journal and The New York Times. He co-authored the book "Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World" with fellow journalist Bradley Hope. The book was published on August 13, 2018, and it details the elaborate fraud involving...
Netflix's new hot documentary MAN ON THE RUN exposes a shocking true story of corruption and betrayal that shook an entire nation's financial stability. It follows Jho Low, a mysterious businessman and playboy, as he masterminds a scheme to exploit a sovereign wealth fund in Malaysia, 1MDB. With the collaboration of Prime Minister Najib Razak, Low funnels billions into global bank accounts to fuel his extravagant lifestyle, including Hollywood parties and even financing the blockbuster film "The Wolf of Wall Street." Director Cassius Michael Kim's meticulous investigation unravels a web of greed and corruption, revealing the profound impact of this colossal financial scandal. He sat down with Rachel to discuss what went into making this doc, and their mutual 6 degrees of separation from the man on the run himself, Jho Low. --- --- --- VISIT OUR AMAZING SPONSOR! --- --- --- ONESKIN Get 15% off OneSkin with the code UNDERSTOOD at https://www.oneskin.co/ #oneskinpod --- --- --- Follow Rachel on Instagram! @RachelUchitelNYC Executive Producer: Alison Goodman Please like, share, subscribe, and give us a 5-star review! Do you have show ideas, media requests or sponsorship opportunities? Email the show at: infomissunderstoodpodcast@gmail.com Listen on Apple, Spotify or wherever you get your podcasts. Watch every episode on YouTube! Misunderstood Podcast Check out Rachel's Patreon: Miss Understood with Rachel Uchitel Patreon
MONEY FM 89.3 - Prime Time with Howie Lim, Bernard Lim & Finance Presenter JP Ong
Malaysia's Pardons Board has announced that former Prime Minister Najib Razak's jail sentence for corruption has been reduced from 12 to six years. The fines imposed on him will also be reduced to RM50 million (S$14.2 million) from RM210 million. Nicholas Fang, Managing Director, Black Dot and Director for Security and Global Affairs, Singapore Institute of International Affairs discuss this headline with us. See omnystudio.com/listener for privacy information.
MAN ON THE RUN follows the enigmatic Low Taek Jho—known to most as Jho Low–a mysterious businessman and playboy. Working with former Prime Minister Najib Razak of Malaysia, Low orchestrated a scheme to exploit 1MDB, a sovereign wealth fund established in 2009 with the noble purpose of benefiting the people of Malaysia. In 2015, the intrepid journalist Clare Rewcastle-Brown receives leaked financial documents, setting off a global investigation that uncovers a staggering amount of money being funneled into international bank accounts to fuel Low's extravagant lifestyle. He now faces charges of money laundering and a slew of other offenses related to the multibillion-dollar scandal and is wanted by international authorities. Through director Cassius Michael Kim's unprecedented access to key individuals involved on both sides of the story, and gripping first-person accounts, Man On The Run exposes a complex web of greed, corruption and betrayal that shook an entire nation's financial stability. Currently jailed former Prime Minister Najib Razak, 1MDB whistleblower Xavier André Justo, and journalist Clare Rewcastle Brown who broke the story, are featured in the film. Kim's meticulous investigation lays bare the extensive repercussions of one of the most colossal financial scandals in history. Jho Low is currently on the run and believed to be hiding in China. Director Cassius Michael Kim (Stockton on My Mind) stops by to talk about the remarkable access he had in the making of this scathing expose on the way dirty money warps the world and how the world's banking system for adjudicating financial crimes is a broken fraud of an institution. For more go to: thesmokingsection.us/Information netflix.com/search/Manontherun
The chatter around the possibility of a royal pardon for former Prime Minister Najib Razak continues. This is despite the fact that the currently jailed UMNO man still faces a whole slew of corruption charges surrounding 1MDB. What does this mean for our political landscape? We unpack with Dr Oh Ei Sun, Principal Adviser, Pacific Research Centre. Image Credit: khairulhelmy / Shutterstock.com
What do a crystal piano owned by Miranda Kerr, a painting by Picasso and the Wolf of Wall Street have in common? They were all paid with money from Malaysian citizens. Of course, without them knowing. In this final episode of her series “Crooktocracy”, Chiara tells us the incredible and almost unbelievable story of the 1 Malaysia Development Berhad (1MDB), a state fund created by then Prime Minister Najib Razak. The scandal ended up squandering 4.5 billion dollars, an enormous amount of debt that will rest on Malaysians for the next 20 years. How did this happen? And who is to blame? Link to all mentioned sources: https://taplink.cc/crooktocracy1mdb --- Send in a voice message: https://podcasters.spotify.com/pod/show/maastricht-diplomat/message
MONEY FM 89.3 - Prime Time with Howie Lim, Bernard Lim & Finance Presenter JP Ong
From Thailand holding its general election on May 14 and Malaysia's former Prime Minister Najib Razak calling out the irony in Dr Mahathir Mohamad accusing current Prime Minister Anwar Ibrahim of being a dictator. Dr. Felix Tan, Political Observer, Nanyang Technological University shares his analysis of those headlines and more. See omnystudio.com/listener for privacy information.
Calls for a political funding/financing act have been growing louder ever since former Prime Minister Najib Razak tried to explain off millions of dollars flowing into his personal bank account as political donations from Saudi's late king Abdullah. But the fact of the matter is, the need for a political funding act goes beyond Najib and his various corruption charges. It is about strengthening people's power and preserving people's interests more than the interests of the elite. Dr Kassim Noor Mohamed of Nottingham Trent University, joins us to discuss. Image credit: Shutterstock
The imprisonment of Malaysia's former Prime Minister Najib Razak made headlines recently. The scandal tied directly to him is not just a personal blow, but also affects the prospects of the United Malays National Organisation (UMNO), Malaysia's leading political party. While political stability is a perennial issue in Malaysia, it remains a well-placed investment destination for companies looking for opportunities, especially in the sectors that are on the rise. Listen here as Angela Mancini, Partner, and Harrison Cheng, Director, discuss the impacts of Najib's jailing on Malaysia's political spectrum and governance standards as the 2023 elections approach. They will look at the country's investment climate and the promising industries, as well as the key challenges for investors and operators. For more discussions on South-East Asia, please listen to our podcasts about Vietnam and the supply chain diversification. If you are looking for more analysis on other issues from our experts all over the world, please visit Control Risks' Our Thinking section.
The imprisonment of Malaysia's former Prime Minister Najib Razak made headlines recently. The scandal tied directly to him is not just a personal blow, but also affects the prospects of the United Malays National Organisation (UMNO), Malaysia's leading political party. While political stability is a perennial issue in Malaysia, it remains a well-placed investment destination for companies looking for opportunities, especially in the sectors that are on the rise. Listen here as Angela Mancini, Partner, and Harrison Cheng, Director, discuss the impacts of Najib's jailing on Malaysia's political spectrum and governance standards as the 2023 elections approach. They will look at the country's investment climate and the promising industries, as well as the key challenges for investors and operators. For more discussions on South-East Asia, please listen to our podcasts about Vietnam and the supply chain diversification. If you are looking for more analysis on other issues from our experts all over the world, please visit Control Risks' Our Thinking section.
Highlights from Singapore's Deputy Prime Minister Lawrence Wong's visit to Malaysia, to former Malaysia's Prime Minister Najib Razak seeking a royal pardon and UN's Myanmar special envoy vowing to not visit the country again unless she is allowed to meet ousted leader Ms Aung San Suu Kyi. We analyse these headlines and more with Dr. Felix Tan, Political Observer, Nanyang Technological UniversitySee omnystudio.com/listener for privacy information.
Malaysia's former Prime Minister Najib Razak has started serving a 12-year sentence for looting public funds.
Ukraine marks six months of the Russian invasion; Malaysia's ex-Prime Minister Najib Razak sent to jail for corruption and a tennis fan takes legal action against Nick Kyrgios.
After a period of turmoil, Malaysia's new Prime Minister, Ismail Sabri Yaakob, has a tenuous hold on leadership. A politician of the UMNO (United Malays National Organisation) coalition, his party returns to power a few short years after their first ever electoral defeat when former Prime Minister Najib Razak was tied to the 1MDB scandal involving RM 2.67 billion (close to $900m AUD) in missing funds. Ismail now holds a slim majority in parliament and is seen by many as a compromise leader for parties and factions desperate to hold off high profile opposition leader Anwar Ibrahim. While Malaysia faces recovery from a devastating pandemic and the economic fallout from a lengthy lockdown, even more challenges come from within - managing a tenuous coalition whose support is crucial to government stability. What are these political developments likely to mean for Malaysia's long term democratic prospects? Panel: Dr Amrita Malhi (Visiting Fellow, Coral Bell School of Asia Pacific Affairs, Australian National University) Professor James Chin (Asian Studies, University of Tasmania) Associate Professor Kerstin Steiner (Director of Research, La Trobe Law School, La Trobe University) Dr Bec Strating (Executive Director, La Trobe Asia)(Chair) Recorded on 18 November 2021.
Regional Round-up Ep 23: Possibility of land travel lane between Singapore and Malaysia 10:34 mins Synopsis: Every week, The Straits Times analyses South-east Asia's top news developments. The Straits Times' regional correspondent Leslie Lopez chats with Money FM's Elliot Danker and Bharati Jagdish about the following points: Flight Vaccinated Travel Lane (VTL) between Singapore and Malaysia begins Nov 29 and the possibility of a land travel lane (0:47) The justification behind Malaysia's High Court ordering the Government to return assets seized from former Prime Minister Najib Razak and family (3:33) Melaka election happening on Nov 20 in a three-cornered fight (5:49) Former Governor of New Mexico, Bill Richardson, claims Myanmar's junta Senior General Min Aung Hlaing is open to working with the world on humanitarian relief (8:28) Produced by: The Breakfast Huddle, Money FM 89.3, Fa'izah Sani Edited by: Dan Koh Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/Ju4h Spotify: https://str.sg/JWaX Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Read Leslie Lopez's stories. Asian Insider newsletter. --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts! See omnystudio.com/listener for privacy information.
Regional Round-up Ep 23: Possibility of land travel lane between Singapore and Malaysia 10:34 mins Synopsis: Every week, The Straits Times analyses South-east Asia's top news developments. The Straits Times' regional correspondent Leslie Lopez chats with Money FM's Elliot Danker and Bharati Jagdish about the following points: Flight Vaccinated Travel Lane (VTL) between Singapore and Malaysia begins Nov 29 and the possibility of a land travel lane (0:47) The justification behind Malaysia's High Court ordering the Government to return assets seized from former Prime Minister Najib Razak and family (3:33) Melaka election happening on Nov 20 in a three-cornered fight (5:49) Former Governor of New Mexico, Bill Richardson, claims Myanmar's junta Senior General Min Aung Hlaing is open to working with the world on humanitarian relief (8:28) Produced by: The Breakfast Huddle, Money FM 89.3, Fa'izah Sani Edited by: Dan Koh Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/Ju4h Spotify: https://str.sg/JWaX Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Read Leslie Lopez's stories. Asian Insider newsletter. --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts! See omnystudio.com/listener for privacy information.
Regional Round-up Ep 23: Possibility of land travel lane between Singapore and Malaysia 10:34 mins Synopsis: Every week, The Straits Times analyses South-east Asia's top news developments. The Straits Times' regional correspondent Leslie Lopez chats with Money FM's Elliot Danker and Bharati Jagdish about the following points: Flight Vaccinated Travel Lane (VTL) between Singapore and Malaysia begins Nov 29 and the possibility of a land travel lane (0:47) The justification behind Malaysia's High Court ordering the Government to return assets seized from former Prime Minister Najib Razak and family (3:33) Melaka election happening on Nov 20 in a three-cornered fight (5:49) Former Governor of New Mexico, Bill Richardson, claims Myanmar's junta Senior General Min Aung Hlaing is open to working with the world on humanitarian relief (8:28) Produced by: The Breakfast Huddle, Money FM 89.3, Fa'izah Sani Edited by: Dan Koh Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/Ju4h Spotify: https://str.sg/JWaX Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Read Leslie Lopez's stories. Asian Insider newsletter. --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.
Regional Round-up Ep 20: Malaysia's former PM Najib and wife Rosmah to visit Singapore 11:00 mins Synopsis: Every week, The Straits Times analyses South-east Asia's top news developments. The Straits Times' regional correspondent Leslie Lopez chats with Money FM's Elliott Danker and Bharati Jagdish about the following points: Malaysia's former Prime Minister Najib Razak and wife, Rosmah visit Singapore to welcome the arrival of their granddaughter (0:30) The challenge Asean is facing to end the political turmoil in Myanmar (2:14) Will the political situation in Myanmar be likened to the new Taliban in Afghanistan? (5:22) Pakatan Harapan wants to block elections due to health crisis (6:29) Possible outcomes of Melaka's state elections (9:03) Produced by: The Breakfast Huddle, Money FM 89.3, Fa'izah Sani Edited by: Dan Koh Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/Ju4h Spotify: https://str.sg/JWaX Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Read Leslie Lopez's stories. Asian Insider newsletter. --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.
Regional Round-up Ep 20: Malaysia's former PM Najib and wife Rosmah to visit Singapore 11:00 mins Synopsis: Every week, The Straits Times analyses South-east Asia's top news developments. The Straits Times' regional correspondent Leslie Lopez chats with Money FM's Elliott Danker and Bharati Jagdish about the following points: Malaysia's former Prime Minister Najib Razak and wife, Rosmah visit Singapore to welcome the arrival of their granddaughter (0:30) The challenge Asean is facing to end the political turmoil in Myanmar (2:14) Will the political situation in Myanmar be likened to the new Taliban in Afghanistan? (5:22) Pakatan Harapan wants to block elections due to health crisis (6:29) Possible outcomes of Melaka's state elections (9:03) Produced by: The Breakfast Huddle, Money FM 89.3, Fa'izah Sani Edited by: Dan Koh Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/Ju4h Spotify: https://str.sg/JWaX Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Read Leslie Lopez's stories. Asian Insider newsletter. --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts! See omnystudio.com/listener for privacy information.
Regional Round-up Ep 20: Malaysia's former PM Najib and wife Rosmah to visit Singapore 11:00 mins Synopsis: Every week, The Straits Times analyses South-east Asia's top news developments. The Straits Times' regional correspondent Leslie Lopez chats with Money FM's Elliott Danker and Bharati Jagdish about the following points: Malaysia's former Prime Minister Najib Razak and wife, Rosmah visit Singapore to welcome the arrival of their granddaughter (0:30) The challenge Asean is facing to end the political turmoil in Myanmar (2:14) Will the political situation in Myanmar be likened to the new Taliban in Afghanistan? (5:22) Pakatan Harapan wants to block elections due to health crisis (6:29) Possible outcomes of Melaka's state elections (9:03) Produced by: The Breakfast Huddle, Money FM 89.3, Fa'izah Sani Edited by: Dan Koh Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/Ju4h Spotify: https://str.sg/JWaX Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Read Leslie Lopez's stories. Asian Insider newsletter. --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.
Regional Round-up Ep 15: Najib Razak's advisory role in Malaysian Parliament 11:46 mins Synopsis: Every week, The Straits Times analyses South-east Asia's top news developments. The Straits Times' regional correspondent Leslie Lopez chats with Money FM's Elliott Danker and Bharati Jagdish about the following points: Malaysia's 14th Parliament signs memorandum of understanding for transformation and political stability (2:22) Former Malaysia's Prime Minister Najib Razak's role as an advisor for the government (6:29) Philippines set to reopen despite increase in Covid-19 cases (8:08) Bali eased travel restrictions but stricter measures for international tourists (10:00) Produced by: The Breakfast Huddle, Money FM 89.3, Fa'izah Sani Edited by: Dan Koh Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/Ju4h Spotify: https://str.sg/JWaX Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Read Leslie Lopez's stories. Asian Insider newsletter. --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.
Regional Round-up Ep 15: Najib Razak's advisory role in Malaysian Parliament 11:46 mins Synopsis: Every week, The Straits Times analyses South-east Asia's top news developments. The Straits Times' regional correspondent Leslie Lopez chats with Money FM's Elliott Danker and Bharati Jagdish about the following points: Malaysia's 14th Parliament signs memorandum of understanding for transformation and political stability (2:22) Former Malaysia's Prime Minister Najib Razak's role as an advisor for the government (6:29) Philippines set to reopen despite increase in Covid-19 cases (8:08) Bali eased travel restrictions but stricter measures for international tourists (10:00) Produced by: The Breakfast Huddle, Money FM 89.3, Fa'izah Sani Edited by: Dan Koh Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/Ju4h Spotify: https://str.sg/JWaX Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Read Leslie Lopez's stories. Asian Insider newsletter. --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts! See omnystudio.com/listener for privacy information.
Regional Round-up Ep 15: Najib Razak's advisory role in Malaysian Parliament 11:46 mins Synopsis: Every week, The Straits Times analyses South-east Asia's top news developments. The Straits Times' regional correspondent Leslie Lopez chats with Money FM's Elliott Danker and Bharati Jagdish about the following points: Malaysia's 14th Parliament signs memorandum of understanding for transformation and political stability (2:22) Former Malaysia's Prime Minister Najib Razak's role as an advisor for the government (6:29) Philippines set to reopen despite increase in Covid-19 cases (8:08) Bali eased travel restrictions but stricter measures for international tourists (10:00) Produced by: The Breakfast Huddle, Money FM 89.3, Fa'izah Sani Edited by: Dan Koh Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/Ju4h Spotify: https://str.sg/JWaX Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Read Leslie Lopez's stories. Asian Insider newsletter. --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.
Happy Monday ! In this episode we break down Peloton, Goldman Sachs & Data Ethics. Peloton is a fitness technology company that is leveraging hardware and software by producing high end fitness products and a SaaS business model to boot. John Foley is the CEO and Founder of the brand where he was previously the President of E-Commerce at Barnes & Noble. The company has seen amazing growth at a market Capitalization at a rate of over 380% since their IPO. YUGE. The company, like Zoom has seen huge growth and has taken advantage of the COVID-19 Pandemic as consumer behavior is shifting. Goldman Sachs was involved in the 1MDB Scandal (1 Malaysia Development Berhad Scandal) which is one of the biggest financial scandals of all time. This Scandal involved the Malaysian sovereign wealth fund and then Prime Minister Najib Razak who was accused of moving $700M from the 1MDB to his personal bank accounts. Goldman Sachs led the fundraising for 1MDB and had to pay over $2.8B. Jho Low is A Malaysian businessman and is an international fugitive for his connection in the 1MDB scandal and was supposedly the mastermind behind the process. Data Data Data! Luca is looking into the startup world at the company, Mine. Mine is a company that brings the ownership of data back to the user. With Mine, you can enjoy the internet feeling safe and secure where it gives the power back to you. They use AI (Artificial Intelligence) to discover what companies are holding your data by analyzing your emails’ subject lines. Mine makes it easy to reclaim your data. Mine Recently raised a Series A of $9.5M. Mine is an Israel company. The company was founded by CEO Gal Ringel, CTO Gal Golan and CPO Kobi Nissan. Ringel and Golan are both veterans of Unit 8200, the cybersecurity unit of the Israeli Defense Forces.
Anger and confusion marked the response of many of the party faithful to the conviction and sentencing for former Prime Minister Najib Razak. And it prompted UMNO President to issue a statement that the party will have to make a major decision in the near term. Melisa Idris and Sharaad Kuttan speak to Hamidin Hamid, a political analyst with Universiti Malaya, about the grand old party’s response the long-brewing pressure to reform and rebrand.
A court in Malaysia has sentenced former Prime Minister Najib Razak to 12 years in jail after finding him guilty on all seven counts in the first of several multi-million dollar corruption trials. We hear more about the a global web of fraud and corruption. Plus - we get the latest from the US markets from Joe Saluzzi.
If you like global intrigue, financial crime, wealth porn, and absurdity, “Billion Dollar Whale,” by Tom Wright and Bradley Hope, is for you. It’s the story of Jho Low, an enterprising businessman from Malaysia who used his social connections to the country’s former Prime Minister Najib Razak to transform himself into an international financier. According to Wright and Hope’s account, Low persuaded Razak to create an investment fund, 1MDB, financed with government money, which Low managed behind the scenes. Goldman Sachs and other banks helped raise ten billion dollars for the fund. Then approximately five billion dollars of the money disappeared, prompting an international scandal. Sheelah Kolhatkar; September 28, 2018; The New Yorker "I met these guys, and said to my girlfriend Anne, ‘these guys are #@&%ing criminals… this is a #@&%ing scam, anybody who does this has stolen money.‘ You wouldn't spend money you worked for like that." Jordan Belfort; January, 2017; com "I am very pleased to confirm that a landmark comprehensive, global settlement has been reached with the United States government." Jho Low; October, 2019 This week on InSecurity, Matt Stephenson welcomes Pulitzer Prize nominated journalist Bradley Hope for a conversation detailing the mindboggling saga of Jho Low and his jaw dropping tale of theft and debauchery. How do you break into Hollywood, New York society and Global Financial Markets? Having $5 BILLION in purloined money in your pocket certainly helps. Stick around… About Bradley Hope Bradley Hope (@bradleyhope) has worked for the Wall Street Journal for the last four years, covering finance and malfeasance from New York City and London. Before that, he spent six years as a correspondent in the Middle East, where he covered the Arab Spring uprisings from Cairo, Tripoli, Tunis, and Beirut. He was detained by authorities in Bahrain, reported from the front lines of the Libyan civil war, and has been teargassed in raucous Egyptian protests. Bradley is a Pulitzer finalist and a Loeb winner, and also author of Last Days of the Pharaoh, a chronicle of the final days and hours of the presidency of Hosni Mubarak. “Billion Dollar Whale,” an Absurd Tale of Financial Fraud The definitive inside account of the 1MDB scandal, a true life thriller about a modern Gatsby who managed to swindle over $5 billion with the aid of Goldman Sachs and others. Billion Dollar Whalre is an epic tale that exposes the secret nexus of elite wealth, banking, Hollywood, and politics from two award-winning Wall Street Journal reporters. In 2009, with the dust yet to settle on the financial crisis, a baby-faced, seemingly mild-mannered Wharton grad began setting in motion a fraud of unprecedented gall and magnitude--one that would come to symbolize the next great threat to the global financial system. His name is Jho Low, a man whose behavior was so preposterous he might seem made up. An epic true-tale of hubris and greed, Billion Dollar Whale reveals how this young social climber pulled off one of the biggest heists in history--right under the nose of the global financial industry. Federal agents who helped unravel Bernie Madoff's Ponzi scheme say the 1MDB affair will become the textbook case of financial fraud in the modern age--and its fallout is already being credited for taking down the prime minister of Malaysia. For readers of Liar's Poker, Den of Thieves, and Bad Blood, Billion Dollar Whale will become a classic, harrowing parable about finance run amok. About Matt Stephenson Insecurity Podcast host Matt Stephenson (@packmatt73) leads the Security Technology team at Cylance, which puts him in front of crowds, cameras, and microphones all over the world. He is the regular host of InSecurity podcast and video series at events all over the world. Twenty years of work with the world’s largest security, storage, and recovery companies has introduced Stephenson to some of the most fascinating people in the industry. He wants to get those stories told so that others can learn from what has come Every week on InSecurity, Matt interviews leading authorities in the security industry to gain an expert perspective on topics including risk management, security control friction, compliance issues, and building a culture of security. Each episode provides relevant insights for security practitioners and business leaders working to improve their organization’s security posture and bottom line. Can’t get enough of Insecurity? You can find us at ThreatVector InSecurity Podcasts, Apple Podcasts and GooglePlay as well as Spotify, Stitcher, SoundCloud, I Heart Radio and wherever you get your podcasts! Make sure you Subscribe, Rate and Review!
Straits Times Malaysia Correspondent, Shannon Teoh shares more about the latest headlines from Malaysia including Johor's water supply, the police imposing a country-wide ban on activities linked to controversial Indian preacher Zakir Naik and the recent delay in former Prime Minister Najib Razak’s 1MDB trial.
Adib Zalkapli, Independent political Analyst based in Kuala Lumpur shares more on the arrests of the former CEO of 1MDB Arul Kanda, and former Prime Minister Najib Razak, in connection to tampering a 1MDB audit.
This morning former Prime Minister Najib Razak was brought to court to be charged. Three charges of criminal breach of trust were laid against him. BFM’s Jason Lim gives us an update on what happened at the High Court, after a group of Najib supporters turned rowdy during the Attorney General’s press conference.
This morning former Prime Minister Najib Razak was brought to court to be charged. Three charges of criminal breach of trust were laid against him. Today we explore the implications of the charging of Najib Razak.
This morning former Prime Minister Najib Razak was brought to court to be charged. Three charges of criminal breach of trust were laid against him. Today we explore wide reverberations of the charging of Najib Razak on several counts of criminal breach of trust.
This morning former Prime Minister Najib Razak was brought to court to be charged. Three charges of criminal breach of trust were laid against him. Today we speak to veteran Pakatan politician Tony Pua, who first raised the question of trouble at 1MDB.
This morning former Prime Minister Najib Razak was brought to court to be charged. Three charges of criminal breach of trust were laid against him. We dissect the press conference given by Attorney General Tommy Thomas.
This morning former Prime Minister Najib Razak was brought to court to be charged. Three charges of criminal breach of trust were laid against him. BFM’s Jason Lim gives us an update on what happened at the High Court, after a group of Najib supporters turned rowdy during the Attorney General’s press conference.
This morning former Prime Minister Najib Razak was brought to court to be charged. Three charges of criminal breach of trust were laid against him. Today we speak to veteran Pakatan politician Tony Pua, who first raised the question of trouble at 1MDB.
This morning former Prime Minister Najib Razak was brought to court to be charged. Three charges of criminal breach of trust were laid against him. We dissect the press conference given by Attorney General Tommy Thomas.
Dr Oh Ei Sun, Senior Adviser at the Asia Strategy and Leadership Institute dissects the latest updates on ex-Prime Minister Najib Razak's charges.
The arrest and charging of former Prime Minister Najib Razak has elicited a range of responses from his supporters, from a quiet candle-light vigil to noisy chanting at the Attorney-General’s press conference yesterday. Today we speak to a man better known for his work as pro-UMNO blogger, Papagomo, for leads on how the party will respond to Najib’s fall from grace.
Dr Oh Ei Sun, Senior Adviser at the Asia Strategy & Leadership Institute, and who was the former political secretary (2009 - 2011) to then-PM Najib Razak speaks on what is next for Najib after his arrest.
This morning former Prime Minister Najib Razak was brought to court to be charged. Three charges of criminal breach of trust were laid against him. Today we explore what we can anticipate in terms of the legal process.
This morning former Prime Minister Najib Razak was brought to court to be charged. Three charges of criminal breach of trust were laid against him. Today we explore wide reverberations of the charging of Najib Razak on several counts of criminal breach of trust.
Malaysia’s new Finance Minister blames former Prime Minister Najib Razak for the country’s staggering debts and talks about his uphill task to restore Malaysia’s economic fortunes.
The defeat of Malaysia’s ruling party on 9 May was unlike any election result the region has ever seen. No party in Southeast Asia has held power for so long, only to lose it at the polls. In its place, a broad coalition led by 92-year-old former prime minister Mahathir Mohamad has formed a new government. Can such a diverse coalition remain united as it addresses fundamental questions of the Malaysian social contract, including racial preferences? Mahathir once jailed Anwar Ibrahim, but has now freed him: how will their relationship develop as they seek to govern together? Will former Prime Minister Najib Razak be held to account for the 1MDB scandal, and how will the United Malays National Organisation react to its first experience in opposition? What will the change in government mean for Malaysia’s relationship with Australia, given Mahathir’s difficult history with earlier Australian prime ministers? The Lowy Institute’s Director of the Southeast Asia Project, Aaron Connelly, hosted a panel discussion with Amrita Malhi, Visiting Fellow in the Coral Bell School of Asia Pacific Affairs at the Australian National University; James Chin, Director of the Asia Institute Tasmania; and Kean Wong, contributing editor at New Mandala, as they discussed these questions.
The $5 bln sovereign-wealth fund’s scandal played a role in voters replacing Prime Minister Najib Razak with nonagenarian Mahathir Mohamad. Its resurgence could mean bad news for Goldman Sachs and Najib himself. Plus: Walmart nabs Flipkart in a big bet on e-commerce in India. See acast.com/privacy for privacy and opt-out information.
MONEY FM 89.3 - Prime Time with Howie Lim, Bernard Lim & Finance Presenter JP Ong
The Malaysian elections are shaping up to be more uncertain than ever - we’re seeing former ministers come back out of retirement to speak out against Prime Minister Najib Razak as well as allegations of propagating fake news being levelled at former prime minister Mahathir Mohamad. Dr Francis Hutchinson, Senior Fellow & Coordinator, Regional Economic Studies Programme and Malaysia Studies Programme at the ISEAS-Yusof Ishak Institute, offers his insight on the latest developments this election.
MONEY FM 89.3 - Prime Time with Howie Lim, Bernard Lim & Finance Presenter JP Ong
Malaysia’s Election Commission has announced the election will be held on May 9. This is a closely-watched election which the incumbent and opposition have painted as a “do-or-die” battle. Up against the incumbent Barisan Nasional, led by Prime Minister Najib Razak, is opposition coalition Pakatan Harapan, led by former Prime Minister Mahathir Mohamad. Here to discuss the key issues at stake is Associate Professor Maznah Mohamad from the Department of Malay Studies and the Department of Southeast Asian Studies at the National University of Singapore.
For years, one of the world's biggest corruption scandals has dogged Malaysia's Prime Minister Najib Razak. His opponents say the country's sovereign fund is being looted. And they've been ratcheting up the criticism ahead of next year's general election. They now have a lot more ammo. Last week the US' top prosecutor, attorney general Jeff Sessions, called Razak's government -- kleptocracy at its worst.
Malaysia's government is mired in scandal. Billions of dollars have been looted from a state investment fund. The Prime Minister is accused of receiving $681 million into his personal bank account, although he has denied any wrongdoing. Earlier this year, punk-inspired artist Fahmi Reza captured public dissatisfaction with an artwork caricaturing the PM as a clown. The image went viral, earning Reza comparisons to street-art provocateur Banksy. It also got him arrested and charged, one of an increasing number of Malaysians facing prison as the government ramps up its suppression of free speech and dissent. James Fletcher travels to Malaysia on the eve of a major protest rally in Kuala Lumpur. The protest movement is known as 'Bersih', meaning 'clean', and over the past few years they've mobilised hundreds of thousands of people on the streets, dressed in yellow t-shirts, to demand transparency, fair elections, and the PM's resignation. This year they're aiming for their biggest turnout yet. Fahmi Reza is designing placards for the protesters, and plans to attend carrying a giant version of his clown carricature. But the government is doing everything it can to stop the protest. And there's a new threat - pro-government protesters called the "redshirts", who have disrupted rallies with violence and threatened independent media and free speech advocates. James spends time with all sides as the protest unfolds. Can art and activism bring Malaysians on to the streets and spur change? Or will the government's crackdown, and the more direct methods of the "redshirts", dampen the protests and allow the PM to ride out criticism and stay in power? Image: The artist Fahmi Reza with his caricature of Malaysia’s Prime Minister Najib Razak at the Bersih 5 protest rally held on November 19, 2016. Photo Credit: BBC
Bersih, which literally means clean in Malay, is a movement that started in 2006 to build a mass oppositional force to corrupt government elections. On November 19 2016, 40,000 Malaysians took to the streets for Bersih 5.0, this time calling for the resignation of corrupt Prime Minister Najib Razak. Police arrested 15 activists and opposition politicians, including Bersih chairperson, Maria Chin Abdullah, who we feature on today's program.
Good morning, welcome to Payments Monitor, my name is Faisal Khan, today is the 9th of October 2015, and some top stories of interest in my feed are: TOP STORIES Starbucks will soon be accepting Apple Pay. This announcement was made by Jennifer Baily at the Code/Recode Mobile conference in California. Starbucks has already started trials of accepting payments via Apple Pay in some of it stores and expect a complete rollout by 2016. British Bank Standard Chartered’s CEO Bill Winters announced plans to lay-off 1,000 top managers, as part of the overhaul in progress to turn the bank around. Oddly enough Mr. Winters was issued more than 6 Million British Pounds worth of shares in compensation for leaving City of London hedge fund that he founded. Will the US economy, the largest in the world, expect a recession in 2016? A delayed Fed rate hike and turmoil in global equity markets might suggest so. The probability that US will enter a recession jumped to 15%, the highest since October 2013. However, in a separate survey, many economist predict that the US will not enter a recession until 2019. Trouble in Malaysia where the Central Bank – Bank Negara has sought criminal proceedings against the troubled state investment fund 1Malaysia Development. The fund which has setup in 2009 by Prime Minister Najib Razak to spur growth, is actually US$ 11 Billion in debt and is also the focus of many international investigations, including the Prime Minister himself. Many sovereign investors fear their money into this fund is now essentially doomed. With the possibility of any 2015 rate hike by the Federal Reserve fading, markets all over the world are up, including the US. This also prompted oil extended gains this Friday which have been the biggest weekly gains in over 6-years (since 2009). US ride sharing company Lyft announced that it is implementing a faster payout solution called “Express Pay” one which allows drivers to get paid the same day. Powered by Stripe, the new service will allows drivers to get instant deposit into their bank account (minimum payout of US$ 50 applies) BLOG OPINION Luis Buenaventure, one of the co-founders of bitcoin remittance company rebit.ph recently published in his blog post, that bitcoin do not make remittances cheaper. Luis points out various reasons to support his claim, particularly having been inside the industry and seen where the mechanics of bitcoin and remittances are falling apart. No surprise that a Singapore based cryptocurrency company in the remittances space, previously known as Cryptosigma has changed its name to Toast, raised new money and has pivoted away from Bitcoin. ONE LAST WORD… It seems it would be fintech unbecoming if we don’t include the word disruption in everything banking and payments. There are literally 100s of players trying to disrupt one thing or the other in the payments arena, yet very few players are talking about stitching it together. Perhaps it is time we started talking about collaboration instead of disruption, considering how disjointed, fragmented and isolated the various payment system in the world are. Collaboration just might be the key. That’s all for today, have a great weekend, my name is Faisal Khan and you’ve been listening to the Payments Monitor.
Just like everyone else, Zan and Aizyl are pretty curious about why the Prime Minister Najib Razak cancelled his Town Hall meeting and why former PM Dr. Mahathir Mohamad was barred from speaking. Also in the news, the Sabah earthquake. Even more questions than answers, really...