Jho Low

IF WISHES WERE HORSES, PIGS WOULD FLY

Only in our dreams are we free; the rest of the time we need wages. –  English novelist Terry Pratchett

There is never enough time, unless you’re serving it. – Publisher Malcolm Forbes

The former Prime Minister who yearned to be called Bossku, but was Fearless, thought serving a prison sentence was no disgrace but was confoundedly inconvenient.

Fearless hadn’t served two years yet but had spent more time in court than Tommy Thomas. For one thing, he’d tried mightily to overturn his 12-year sentence but to no avail. For another, he still faced a slew of other charges, relating to more looting, for which he had to attend court.  

You don’t get to be what the foreign media calls the “world’s biggest kleptocrat” without consequences.

Despite that, the man seemed bent on ducking prison time. His lawyers are now insisting he be allowed to serve out his time at home. That’s what “house arrest” means.  

Why not, they argued craftily. It would solve prison over-crowding pretty much immediately. 

The rub, of course, is it makes a mockery of the criminal justice system and legitimises corruption. It’s not for nothing society invents phrases such as “crime does not pay.” 

Fearless and his chubby co-conspirator Felonious aka Jho Low stand accused of stealing over RM40 billion from the state’s coffers at a time when the former was the Prime Minister. Felonious is still at large – both literally and metaphorically – but is believed to be living off his ill-gotten gains in China. The country denies it, of course, but it would, wouldn’t it?   

It follows that what Fearless is requesting from the courts is permission to serve out the rest of his sentence in the comfort of his well-appointed house with its lush garden, pristine bathrooms and air-conditioned bedrooms. Add to that a well-stocked larder, a  resident chef, countless help, and a couple of discreet bodyguards and you get a whiff of Felonious’ current lifestyle in A Country That Denies His Existence. 

This is the conundrum the criminal is currently calling on the courts to consider. 

To call it unprecedented is to state the obvious. No Malaysian premier has ever been jailed before either but as Bangkok or Islamabad will testify, it’s been known to happen. 

There is, of course, the monumental problem of the non-existence of such a provision. Simply put, there is no such thing as “house arrest” in the Malaysian penal code and prison wardens do not operate from houses, at least not since 1957. Nor is it anywhere in the Federal Constitution or in the Pardons’ Act.  

Moreover, there are those remaining charges against Fearless. These aren’t minor either:  they address the alleged kleptocracy head on. 

What happens if those charges stick? 

Watching from the safety of his hideout, Felonious’ tubby ticker bled for his erstwhile comrade-in-harm. The rotund robber shuddered at the thought of the fare Fearless might be receiving in prison.

With a guilty pang, he realised his own larder bulged with nothing but the best, the finest Italian hams, the choicest Dutch cheeses, the sweetest Persian figs;  the stuff   gourmands drool over in dreams. 

He washed away a lingering residue of guilt with another goblet of ice-cold Krug and felt it could have been worse.  

It could have been him. 

ENDS

HONESTY IS SUCH A LONELY WORD

The lack of money is the root of all evil – Playwright George Bernard Shaw

I couldn’t believe my eyes. 

I was going through a list of infamous sayings – I like looking up weird stuff – when this onejust popped up.

“There’s nobody bigger or better at the military than I am.” It was the citation that piqued my interest. 

It read: American cretin and 45th US President, Donald J Trump. 

A cretin, if you didn’t already know, is a seriously stupid person and is generally used as a term of abuse. If that’s how he’s being remembered these days, there’s hope for us all. 

But the Donald was that rare breed of politician, the completely obnoxious one, the serial liar who hits all our “dislike” buttons with such a shiver of annoyance that we question, yet again, the mental state of his many admirers. And, make no mistake, their numbers are legion. 

Maybe it’s just part of the human condition, a need to believe in, and hope for, a better tomorrow.  

Because we are no better. After all, we righteously imprison our petty criminals and simultaneously elect the biggest thieves to high office.

Alas, we continue to do so: a recent anti-corruption survey showed that a great many corruption cases involved politicians. 

In fact, the link is a time honoured one. It was the writer and essayist H L Mencken who observed early in the 20th century that the honest politician was “an impossibility.” 

In the English language, the “honest politician” is usually referred to as an oxymoron, or a figure of speech whereby two words reside in apparent contradiction to one another. 

An example would be a “civil war.” Even President Zelensky would be the first to concede that wars are never mannerly, courteous, or polite. Indeed, they are usually nasty, brutish, and exceedingly violent. 

A more placid example of said oxymoron would be “jumbo shrimp” for patently obvious reasons. 

The indefatigable Mencken went further, however, and even attempted to define the breed. To his mind, the truly “honest politician” was one, who once he was bought, “would stay bought.”

The ample architect of artifice, that Mastodon of Malaysian Malfeasance known as Jho Low aka Felonious, had, like Mencken, also believed in getting the best protection money could buy.

To this end, he’d disbursed his not inconsiderable fortune towards insulating himself from any, and all, consequences.

But it is always the unintended consequence that will get you. In Felonious’ case, it was the portentously ancient Chinese curse that returned to haunt him: May you come to the attention of the authorities. 

And he did, no thanks to the reporter Tom Wright whose global campaign to find Felonious had even sounded alarm bells in China: It wasn’t quite seemly to publicly disdain corruption while protecting one of the world’s biggest thieves now, was it?

Then the politicians he’d thought were “bought” had ended up in jail. 

But he remained confident that there was nothing money could not buy so he resolved not to worry. 

Like George Best, he’d spent a lot on booze, birds and fast cars while squandering the rest.

And there was a lot more where that came from. Possession was nine-tenths of the law, and he possessed a lot.

We just had no idea. 

ENDS

THE SLINGS OF OUTRAGEOUS FORTUNE

Sam: How’s life treating you, Norm?

Norm: Like it caught me sleeping with its wife

 – TV sitcom, Cheers

Malaysia’s former premier Najib “Fearless Leader” Razak was a conservative, which is English for a person who believes he deserves everything he’s stolen.

In that sense, he was an uncommon politician: he got caught. Which is why he now languishes in Kajang Prison where he’s only free to contemplate his navel and think up new and inventive ways to lose friends and irritate judges.

That was Malaysia for you. Justice was open to everyone in the same way as the Shangri-La. Fearless knew the feeling: he’d just received his lawyer’s bill. 

It was ironic in many ways. He used to be so busy that he hardly had time for himself. Now he was reduced to this: except for occasional visits to court, he was about as busy as a pick-pocket in a nudist colony.

To say it was depressing is to understate it to the 10th power. I’ve been to Kajang Prison. In the late 1990s, my former colleague, Murray Hiebert, was given a three month sentence – he served two – for “media contempt” and I used to visit him regularly. I found it a difficult place to be cheerful in: you had to talk to the prisoner through glass and mesh, and the place smelt of sweat and despair. 

Now Fearless was taking his case to the United Nations where there were only 10 million petitions before him. His lawyers had told him that the odds were stacked against him. What they didn’t tell him were his actual chances. They were threefold: zero, zip and zilch. 

Alas, poor Fearless. Over in China, his once-friend and helpmate in crime, Low Teck “Felonious” Jho watched sadly. Fearless found him simpatico the first time they’d met. He especially liked the way his mind worked and his interest got piqued after he discovered that Felonious’ thesis in Wharton had been on Bernie Madoff and the near-perfect crime.

Felonious thought that a person who wielded absolute power could do well-nigh anything he wanted. 

To prove his point, he demonstrated that, on any given day, Fearless could have been convicted of perjury, obstruction of justice and making false statements, or what the Prime Minister’s Department called a “press conference.”   

It was the Eureka moment for Fearless, a multi-billion epiphany that would lead to the almost-perfect crime had it not been for one tiny miscalculation: losing the general election. 

But Felonious hadn’t miscalculated. He made sure he wasn’t in Malaysia when the time rolled around for a general election – both in 2013 and 2018.

It can’t have given Fearless much comfort. 

Or confidence. 

It explained  the grim relish with which  Fearless read the paper on Monday. It reported that Felonious’ days as a protected  “intelligence asset” in China could be coming to an end. 

The source of the story was Bradley Hope, the journalist behind Billion Dollar Whale, the story of the looting of Malaysia by Messrs Fearless and Felonious. The leviathan referred to in the book’s title was the corpulent crook in China.

Hope revealed that Fatso’s chief protector in China had been convicted of, what else, corruption and so Felonious’ luck might be running out. 

The tubby thief was philosophical about it. Que sera sera, he thought cheerfully.

He’d packed more living in the last 14 years than many do in a lifetime.

ENDS

CRIME DOES NOT PAY: TWO LIVES

Live each day as if it were your last. One day, you’ll be right. – British comedian Benny Hill 

Felonious washed the last of the duck confit down with his still-cold 2013 Cristal champagne and sighed with satisfaction. He thought Benny Hill would make an excellent motivational speaker. 

The flatulent fatty formerly known as Low Tack Jho was in China because the communist republic was flexible about corruption. Officially, it was loathed and those deemed corrupt were shot. Unofficially, it could be condoned. Example:  those who’d looted other countries were deemed foreign investors.  

Here, Felonious was in a class of his own. A Colossus among Third World Looters – he made Idi Amin look like Winnie the Pooh – he was afforded Red Carpet Treatment. It was the Golden Rule: he who had the gold made the rules. 

The substantial swindler was affectionately known as Felon to his friends and Shanghai neighbours who claimed, with tears in their eyes, that he was generous to a fault. And he probably was, this champagne swilling, caviar nibbling, government toppling charlatan, because it was Other People’s Money he was throwing about.   

The pleasant pirate was wanted on three continents, yet he hid in plain sight. He has, apparently, a suite of offices on the 20th floor of the iconic World Financial Centre in Shanghai. 

Here was a walking advertisement for the notion that crime did pay; the living proof that the perfect crime was possible. It seems incredible that China might endorse such notions, yet Beijing has kept very quiet. And if the shoe fits…  

In truth, Felonious was preoccupied with weightier matters of state. Malaysia had called for a general election and the last time it had done so he’d received a rude shock.

And he wondered, uneasily, if lightning might strike twice. 

Who knew?

Zahid Hamidi knew or thought he did. He’d even made sure that the election would be in the monsoon season – low turnout, hint, hint – and   put the Fear of Jail into his colleagues to galvanise them, presumably, into even greater effort. 

Zahid, who remains on trial on 47 charges of money laundering, did it by intimating that some of them would face criminal prosecution if the opposition won. 

In truth, none of the people he named faced any such threat. It just showed that Zahid wanted as many of them to feel as threatened palpably as he did. 

It was what kept him awake nights.

Even Felonious didn’t know what kept his trusty, former co-conspirator, ex-premier, Fearless Leader, awake at night. Nothing, he concluded   soberly, because having risen above reality, Fearless slept as soundly as any thief. 

Indeed, you could say Fearless lived in an altogether alternate reality. It was a reality that still provided outriders, swank transportation and Armani suits during court appearances. 

It was a reality that allowed him to insist on being allowed to attend Parliamentary sittings, even to campaign during the general election.

Who, and where, did he think he was, this man who’d once affirmed that “no one was above the law?” 

Was he going stir-crazy?

No, I think he’s just taking Lily Tomlin’s view of life: “I can take reality in small doses but not as a lifestyle.”  

ENDS

THE MAKING OF A MALAYSIAN METAPHOR 

When Jho “Felonious” Low recently boasted about losing 10 pounds, Macao remained indifferent. 

Even scornful.

“Hallelujah,” growled the Times’ social-affairs columnist through gritted teeth.  A dour, dyspeptic dragon, she loathed show-offs who snacked on caviar and crackers, and her next sentence was positively dripping with bile.

“That’s like removing a deck chair off the QE2,” she snarled, and all Macao knew there was a trend afoot.

The term “fugitive Malaysian” may soon descend into the realms of hackneyed cliché like a “no brainer” or a “sticky wicket.” 

Indeed, at one dizzying, moment, Malaysia briefly threatened to punch above its weight in the master criminal sweepstakes because we boasted not one, but two fugitives.  

The parallels seemed disquieting enough to give social scientists pause. Both the fugitives were slick, both, fat and both were from Penang. 

Was this the triumph of char kway teow over common sense?

Maybe not. “Fat Leonard” was rearrested Tuesday in Caracas.   

According to Reuters, Leonard was the mastermind behind one of the largest bribery scandals in US military history. 

The Malaysian fugitive’s  alarming propensity for shattering dubious world records is an alarming new trend. Like Charles Ponzi, a future global crime is sure to be named after its Malaysian architect in such florid prose as “a monstrous fraud, huge and epic in all its convoluted, Jho-Low’ian proportions.” 

Now there’s a Malaysian metaphor for the world stage. 

Leonard Glenn Francis didn’t know what Felonious had been smoking but he wished he had some. He’d cut off his GPS ankle bracelet before fleeing from house arrest in San Diego. He’d been awaiting sentence over a bribery scheme that lasted over a decade and involved dozens of US Navy officers.

The flabby flatterer had bribed enough US naval brass to secure  lucrative contracts for his global ship-service business. 

But when he escaped three weeks ago, the US pulled out all the stops. Ten American  agencies searched for him and authorities offered a US$40,000 (RM182,000) reward for his arrest.

The re-arrested reprobate isn’t a happy camper. For one, he wished he’d been 50-lb lighter so the US Press might dub him Lissom Leonard but, fat chance!  For another, he was peeved with the bounty on his head which he felt was too small for a Smooth Criminal.   

Unlike Felonious, Francis had actually pleaded guilty in 2015 for  criminal inducement.  Felonious had merely returned assets – a yacht, a plane, art, houses, jewellery – worth billions in pleas “not amounting to an admission of guilt.” In Leonard’s book, that made Felonious “stupid.” But he was free and he wasn’t.

Fat Leonard had been caught offering prostitution services, luxury hotels, cigars, gourmet meals and more than US$500,000 in bribes to Navy officials and others to help his Singapore-based ship servicing company.

Prosecutors said the company overcharged the Navy by at least US$35 million for servicing ships, many of which were routed to ports he controlled in the Pacific.

The plump ex-Penangite had been contemptuous of the officers he’d bribed – he called them “animals” in one video – while claiming “cover-up” as his tentacles had allegedly reached up to the admirals in charge. Although over 30 officers have been convicted, no one in the Naval High Command has been indicted.  

Meanwhile, the beefy brigand had been a heartbeat away from being forever extradition-free.

In Caracas, he’d been stopped from boarding a flight to Moscow. 

ENDS

JUST WHEN YOU THINK IT CAN’T GET ANY WORSE, IT CAN

It’s generally been a depressing week, don’t you think?

George Carlin was right all along: how, on God’s green earth, can any war be civil? And amid a still-raging pandemic?

I read, with mounting disbelief, that Ukraine’s Zaporizhzhia nuclear plant and the largest in Europe, was on fire early Friday after an attack by Russian troops.

Are they out of their minds?

Even Vladimir “Stoneface” Putin must know there are no winners in that kind of war. In the words of Bertrand Russell, it’s either “co-existence or no existence.” In those circumstances, all men are truly cremated equal.
Against that hellish backdrop, the banality, and continuing dishonesty, of Malaysian politics comes across as almost refreshing, a bit of comic relief in an otherwise grim world.

The nation’s First Felon, the peerless, Fearless Leader once again demonstrated his prodigious ability to perplex by telling Parliament Wednesday that the government had yet to pay “a single cent” of the principal debt of 1MDB, the sovereign wealth fund that Fearless set up and, subsequently, crippled through the sheer weight of its own debt.

He was attempting to show that taxpayers hadn’t been injured in the slightest. You have to admire the man’s gift for being disingenuous.

It is true that the principal amount of 1MDB’s debt (RM32 billion) hasn’t changed but it’s only because the bonds issued by 1MDB – to buy unnecessary assets at inflated prices – aren’t due yet. Since its inception in 2009, taxpayers have repaid over RM13 billion of 1MDB’s debt with another RM38-odd billion to go.

The latter will become due starting May and will have to be serviced by the taxpayer until 2039. Malaysia’s total national debt is over RM1 trillion.

Blessed are the children for they shall inherit the national debt. The sentiment was Herbert Hoover’s and he was the US President widely credited with exacerbating the Great Depression of the 20th Century.

In a backhanded sort of way, it makes me glad that I’m over 65.

Meanwhile, the bells of judgment have begun tolling for Fearless. Having been found guilty by both the High Court and the Court of Appeal, Fearless had desperately tried to delay matters by attempting to claim “new evidence”.

The hope was extinguished Wednesday when the country’s apex court rejected any more postponements. And so Fearless’ final throw of the dice will take place March 16-18.

If he loses there, he can no longer “pass Go nor collect $200”. Instead, he will have to “proceed directly” to jail to begin serving a 12-year sentence. There, he won’t have police outriders or bodyguards. Nor is he likely to expect the adoring throngs, with their raucous cries of “Bossku” (My Boss) any time soon.

He will have to get used to new dietary conditions, new clothes, an out-of- parliament experience and grimmer accommodation than he’s accustomed to. His pensions are also likely to be axed.

On the plus side, he will still get to go out from time to time: Fearless still faces very serious charges in several remaining trials.

From somewhere deep in Macao, Jho “Felonious” Low watched the plight of his once-trusted friend and helpmate with all the sympathy a bottle of ice-cold Moet & Chandon Esprit du Siècle Brut can summon.

The sympathy was considerable but it was also tempered by relief and a sudden epiphany on Felonious’ part.
There but for the grace of Money and many passports go I.

ENDS

IT’S ALWAYS ON A CASE BY CASE BASIS

If the authorities haven’t realised it by now, here’s the newsflash: there’s something wrong about our justice system where white collar crooks are concerned.

And I’m not talking about Fearless or Wannabe Leader, that dynamic duo of irredeemably impeachable integrity.

Remember Transmile?

In the early 2000s, it was all the rage, the darling of the equity market. Its prices kept defying gravity and institutional funds queued up to get a slice of the firm. It had gilt-edged shareholders, too, including the country’s richest man, Robert Kuok and Pos Malaysia.

But Kuok was a passive investor with no part in the firm’s management. And like America’s Enron, it turned out that Transmile’s success was fraudulent and mired in financial misstatements.

In 2007, the stock crashed when its revenue overstatements became clear. A special audit concluded that the 2005 and 2006 financial years were also overstated.

Transmile suffered losses of RM126.3 million (reported profit RM157.5 million) in 2006. In 2005, it chalked up losses of RM369.6 million instead of the RM84.4 million profit it declared.

Investors lost millions. So did Mr Kuok and the government. And employees lost sleep, self-respect and ultimately their jobs when the chartered air-freight operator was delisted in 2011.

In 2007, the Securities Commission charged the firm’s founder and CEO Gan Boon Aun for misrepresenting Transmile’s figures. Last year, he was found guilty by the Sessions Court and sentence to a day’s jail and a RM2.5 million fine.

Now, there’s deterrence for you!

Here’s how Gan’s 2007 trial went, and note that the Sessions Court is but the first prong in a four-pronged court process that stretches to the Federal Court. He was called to enter his defence in 2011 but his defence only commenced seven years later, in 2018.

Why, you will ask?

Well, Gan, now newly-anointed legal eagle, decided to mount a constitutional challenge of the law under which he was charged. Having exhausted that, it was back to the drawing board in 2018 and, finally, conviction in 2020.

His appeal against his conviction was fixed for a year later, namely now.

Not surprisingly, Gan’s decided that the way to go was to never darken the doorsteps of the Malaysian authorities anymore and so appears to have skipped town.

Truly, he was reading from the Gospel of Felonious (aka Jho Low), the less-than trusty sidekick of Fearless who, having judiciously weighed the balance of probabilities in his case, concluded that it was better to be safe than sorry.

It was better to claim innocence in the luxurious confines of Macao than sweating it out in Kuala Lumpur. Although he could now see the merits of Fearless’ strategy of paying handsome legal fees to permanently stay in trials while recouping political mileage.

An arrest warrant has since been issued against Gan but as Felonious might say “warrant, schmarrant!”

Where was Gan? Well, he still has a perfectly valid Malaysian passport so we can safely conclude that he is neither in North Korea nor Israel. Apart from that, your guess is as good as the Securities Commission’s.

It took 14 years for Gan to lose the first round of his case. So it might be no exaggeration to conclude that, with sufficient funds for a stout defence, he might have stayed out till hell froze over. But, much to the chagrin of the legal profession, he chose to skip town.

Still, when it came to the “moral misconduct” of a former deputy premier, the wheels of justice moved with uncharacteristic speed.

Miracles do occur, it seems.

Sometimes.

ENDS

WE SAY GOOD-BYE, HE SAYS HELLO

I suspect Malaysian voters might be collectively suffering electile dysfunction – an inability to become aroused over any of our choices for prime minister.

Our current incumbent has all the charisma of a melancholy sponge, a ranking only slightly above that achieved by his dour predecessor. Meanwhile, the most energetic contender of all promises to be as old as Methuselah by the time he assumes office.

That might be the reason why Fearless Leader, a jaunty brigand much beloved by Patek Philippe, may be plotting his Big Comeback.

Actually, Fearless had never been away. Despite having been convicted of corruption and abuse of power by Malaysia’s High Court, Fearless remains free on bail and relentlessly continues to advise, chastise, browbeat, and taunt the government without a care in the world, behaving as if he’d never left the political stage in the first place.

And that’s the rub. He intends to remain and, preferably, to stay.

In a breakfast meeting with several reporters last week, Fearless blithely revealed that he intended to defend his parliamentary seat of Pekan in the next general election.

Does he know something the rest of us don’t?

The Malaysian Constitution expressly forbids a convicted person from contesting an election. It also forbids a tax dodger from doing the same. Fearless had struck out on both counts, so what was he talking about?

From across the seas, his less-than-trusty sidekick, the flabby Felonious aka Jho the Low, felt the wellsprings of hope stir anew in his bosom.

He’d begun to feel reassured last month, first after Umno, a party after his ow heart, had retaken control of the federal government and, second, when transgender and cosmetics entrepreneur, Nur Sajat, had supplanted him on the country’s Most Wanted list.

Felonious missed the Big Game, the time when he pulled the strings from afar, the heady period when he was the Lord of Pretty Much All That He Surveyed.

He lived for today, he stole for tomorrow, and he partied tonight. And, along the way, he’d amassed art, jewellery, mansions, and a super-yacht.

It had all been confiscated of course, but what a ride he’d had, what a rush! You couldn’t take that away from him.

Now it was not much fun anymore, although there was much to be said about lolling by the pool sipping Cristal champers. He was grateful. Indeed, he was the first to concede that Macao was a far more salubrious location to be in than, say, Kuala Lumpur, even with Umno back in harness.

Still, the sticky problem of which country he might legitimately enter always loomed before him like irritating question-marks. They were elusive too, not unlike the citizenships these countries refuse to let him buy.

But perhaps Fearless’ re-entry into politics could prove his salvation.

On the latter count, Felonious’ premise could be seriously flawed. Throughout his premiership, Fearless had stoutly maintained that Felonious had nothing whatsoever to do with 1MDB. Or that it had even been looted!

After his ouster, he changed tack, claiming that Felonious was wholly responsible for Everything, and The Kitchen Sink.

If you were a chess player, you might see why that might not be such a good defence.

Let’s just hope that comedian Bill Maher wasn’t referring to us when he said, “In this country, you’re guilty until proven wealthy.”

ENDS

BEWARE THE CAMEL IN THE TENT

Imagine that!

CNN reported Thursday that an Australian musk-duck had been recorded saying quite clearly; “You bloody fool.” The network said it was the “first documented instance of the species mimicking human speech.”

Consider it a latter-day miracle, even some celestial advice. When ducks are given tongue, man should listen, none more so than Malaysia’s timid Ismail Sabri Yaakob.

The guy is Malaysia’s 9th premier and, by all accounts, a secure one: he’s even got a cooperation agreement with the opposition, a move that vaults him into near-political impregnability.

And what does he do, this most timorous of leaders? He tries to placate everyone, to the detriment of societal mores and the rule of law.

Last week, the government proposed Ahmad Maslan, an MP from Johor and Umno’s secretary-general, as deputy speaker for Parliament.

Never mind that Mr Ahmad could always be counted on as a reliable sounding board on policy matters: he wasn’t known as Mat “Good Idea Boss” Maslan for nothing.

No, it’s the fact that he was, and remains, charged for money laundering by the country’s corruption agency and is awaiting trial.

What kind of message does Putrajaya think it sends the Malaysian people or the world at large by such appointments? That crime pays: a deputy speaker’s salary is not to be sneezed at.

It trivialises corruption at best and, at worst, it implies a foregone conclusion on his matter.

It might get worse. Singapore’s Straits Times reported that Ismail was considering appointing former premier Najib Razak as a government Economic Advisor. It was clearly a trial balloon. And as if to provide ballast to the attempt, Umno’s Nazri Aziz said it would be a waste not to do so “given his experience.”

Najib is many times removed from Ahmad Maslan. He is a criminal convicted of the world’s biggest theft and we are now asked to believe the government “needs” his advice? Are we that bankrupt of talent?

If so…

Quick! Let’s get Jho Low back to advise the central bank how to plug money laundering holes in the banking system.

Whatever happened to shame as a concept?

And while Ismail’s insecurity is displayed for the world to see, former diplomat Dennis Ignatius warns that the country is sliding faster into Islamic-type statehood than anyone realises. This is, of course, due to Pas’ current control of the federal religious agencies like Jakim.

Pas should give thanks to the former PH government. It could never dream of making it into the federal government on its own. But by preying on Malay fears of losing political dominance – aided and abetted by the ever-reliable Dr M – it’s managed to sneak into the Malay coalition now governing Malaysia.

Never mind it’s a weak party with far less popular support than, say, the DAP or PKR, it still controls the most influential lever over the country’s majority people – Islam. Indirectly, that translates into enormous influence over the whole country – unless there is check and balance.

That’s why Pas is the most committed to ensure the permanence of the three-party Malay coalition now in power. It’s never had it so good.

If history is any judge, everyone should worry about this trend going forward.
Because the Islamic Party of Malaysia, or Pas, has never made any secret of its over-arching ambition for Malaysia.

ENDS

FINALLY, IT’S PROVEN THAT GOLDMAN SUCKS

The felonious fatty, known as Jho Low, had mixed feelings about the whole thing. Quite a “yes and no” type situation. 

On the one hand, he was saddened that Goldman Sachs, a former friend and more-than-willing ally, had been rewarded with a public flogging and fines of over US$5 billion for its role in the 1MDB debacle. 

On the other hand, he felt positively elated and brimming over with what the French term la joie de vivre. “It could have been much, much worse,” he confided to his father in between sips of a delightfully ice-cold 1977 Chardonnay. “It might have been us.” 

His pater, the dashingly-moustached Hairy Low felt a certain disquiet at his son’s use of the pronoun (“us”) but still awarded himself full marks on his prescient foresight of sending his son to study at the prestigious Wharton School in the University of Pennsylvania all those years ago.  

The products of that school were the sort of people most people would want, nay, need to know, reflected the urbane co-conspirator, with a dashing twirl of his moustache.  

But only two were really famous. 

One was the current President of the United States and the other was a very rich and a very sought after Felonious, his beloved son and the ample apple of his aged eyes. 

There was no doubt that Felonious was much sought after but it certainly wasn’t as an after dinner speaker. His erstwhile boss, mentor and help-mate, Fearless Leader, wanted to blame him while Malaysia’s top cop, Abdul Hamid Bador, wanted to jail him.

The US wanted to question him, Singapore wanted to flog him and the banks in Switzerland only wanted to learn at his feet. 

Meanwhile, Bernie Madoff wanted his autograph – he wanted to be just like him when he grew up – while it wasn’t clear what exactly Lloyd Blankfein, the CEO of Goldman, at the material time when Felonious was Tripping his Blight Fantastic, wanted with the cherubic charlatan. 

But it looked as if there was murder in his eyes. 

Goldman was pilloried after the 2008 Global  Financial Crisis as an archetypal symbol of Wall Street greed: it misleadingly hawked highly dubious mortgage-backed securities as gilt-edged bonds and tried to sell out before the bottom fell out of the market, which added momentum to the downward spiral. 

It paid fines but no one was charged. With Fearless running defence, Felonious might have singlehandedly changed all that. 

Goldman’s costs from the scandal hurtled beyond US$5 billion on Thursday, while a subsidiary pleaded guilty to a US criminal charge for the first time in the firm’s history. 

The parent company entered a deal to spare itself a conviction that could cripple business, by promising to behave.

And both CEO David Solomon and predecessor Lloyd Blankfein got a rare rebuke: they have to give up pay, attaching personal accountability to two of the industry’s most visible leaders for a scandal spanning the globe.

The accords lift a legal cloud that formed during Blankfein’s tenure and remained through the handoff to Solomon two years ago. 

It could account for the look in Blankfein’s eyes: he had always maintained he’d never even met the fat fraud. 

Get over it, advised the ever-philosophical Felonious. He was eager to get on with a new scheme.

But for some strange reason the Chinese banks seemed reluctant to give him credit for his ideas.