Crime does not pay…..as well as politics.
It appears that justice has been served.
Or has it?
On Tuesday, Kuala Lumpur’s High Court ordered the sister of fugitive businessman Jho “Felonious” Low and his shyster sidekick Eric Tan to pay US$2.8 billion (RM11.6 billion) to 1Malaysia Development Bhd (1MDB) over “tainted proceeds” that belonged to the sovereign wealth fund.
“The evidence before this court indicates an elaborate fraud,” Justice Mahajan Mohd Taib said.
Apparently, the prosecution had very credible evidence. “Their evidence stands unchallenged,” said the Judge.
That’s because it wasn’t. Nor did the duo even show because everyone knew they were guilty as sin.
That included both of them which was why they hadn’t shown up in the first place.
In short, it was meaningless where justice was concerned.
Jho Low et al had a good laugh over the entire proceedings going on in Malaysia. The fat fraud had already been convicted in absentia by the Malaysian courts. Now it was only proper that his sister and his sidekick should follow suit.
Justice should prevail, he reflected soberly. And he thought the whole “in absentia” stuff was swell.
It affirmed his guilt but he remained free to do whatever he pleased.
It included, but wasn’t limited to, fraud. Strictly speaking, though, Felonious’ crime wasn’t fraud. Given its scale, it was more like Grand Theft National if you really thought about it.
Jibsworth aka former Premier Najib Razak and Fatso had stolen over US$4.5 billion (RM18.63 billion) from 1MDB, a sovereign wealth fund that they had set up to expressly defraud.
Malaysian taxpayers are still paying off its debt.
Let’s face it. Jibsworth has gotten off lightly so far. Despite his crime and his standing at the time of said theft, his original sentence of 12 years has been halved which means he may be released as early as 2026.
Not only that. He’s applied for house arrest – unprecedented in this country – and that case is being heard as early as December 22.
It appears that when you’ve been a former premier, all sorts of new precedents appear.
It does not seem to apply to former deputy premiers though: witness Anwar Ibrahim’s treatment during the tenures of both Dr Mahathir and Jibsworth.
There’s one fly in the ointment. That’s the MAIN verdict Jibsworth must be bracing himself for which is set for December 26.
This is the result of the case against Najib regarding the entire 1MDB scheme: the trial dragged on for almost two years.
The previous 12-year sentence revolved around the theft of over RM40 million from a 1MDB subsidiary.
You could say Jibsworth’s troubles aren’t over yet. Not by a long sentence…I mean, chalk.
Digesting all this as thoughtfully as he might caviar, Felonious came to the same conclusion he’d arrived at every time he thought of his former mentor: better him than me!
Felonious knew he had most things covered. He had no fear of hell and he thanked God he was an atheist.
Better still, he was Rich with Other People’s Money and he could still look himself in the mirror.
And if he occasionally stumbled over the truth, he was still able to pick himself up and continue.
So long as he wasn’t anywhere near Malaysia.
ENDS
