TR EMERITUS

[B]etween 2012 and 2013 Goldman helped 1MDB raise $6.5 billion by issuing three bonds. The Justice Department suggests that around 40 percent of that money was siphoned off, and indicates that $681 million ultimately found its way into Najib’s personal bank account, though the prime minister is not directly named. http://blogs.reuters.com/breakingviews/2016/07/22/malaysia-fiasco-undercuts-goldmans-standards-push/ OK... 

The AGO report has revealed lots of lapses, including an eye-popping $410,000 consultancy fee for a $470,000 bin centre. Whoever authorised the payment at the National Arts Centre has to be held accountable and the MCCY owes the public an explanation. Instead, MCCY Minister Grace Fu defended her subordinate and claimed that... 

The inadequate financial controls and weak governance report by the AGO sound like it was made from a neighbouring third world country but shockingly it happened in our first world status nation. For the second year running, lapses were found in most major ministries and some of the financial mishaps made WP's APHTEC misgivings...