How Malaysia’s Banking Scandal Led To the Death of an Auditor | The Big Steal

[@saidali5058]

I remembered this case when was an 18 yr bank clerk , I said to meself this is the beginning and not the ending and I was never too wrong predicting it, everyone is blinded by money ESPECIALLY POLITICIANS ! HOW THEY SCREWED UP A COUNTRY IS BEYOND MY IMAGINATION .

[@tokpek2555]

Well, didn't one of the ministers said its not wrong to steal as long as you are not caught !

[@fatcat1330]

The worst thing is they use skin and religion to divide the ppl and continue controlling the majority malays to go on holding power

[@rambutans5857]

Very true

[@pawehbsam5872]

politics is dirty..if UMNO not doing it..other parties will do it..

[@pauldpoulpe280]

Unfortunately the convicted Najib is still walking around the world freely despite a 12-year jail term, when a person stealing a pack of Milo is serving his 3-month sentence in jail. That tells how corrupted the country is. And the Malay people is letting this happen.

[@raggedyhaggity250]

if it weren't for their ignorant and fraudulent ways, i wont have reasons to detest the 'malays'

[@CutePuppy520]

this is malaysia, doomed...

[@johanabdullah682]

All the wealth of the nation is always said for the benefits of the malayu. But the biggest pie of the cake is always reserved for the elite melayu n it's proxy's. Only a small percentage is shared by the majority of the melayu. Cos, only the elite melayu has the money, the cable to banks n is always approved by the elite melayu in power. How easy n simple life has been all the 60 years in plus n still going on

[@CutePuppy520]

@@johanabdullah682 wrong sia... The wealth of Malaysia should be for the benefit of Malaysians, not only Melayu ok. And we all know, who’s the one who pays the most taxes to Malaysia government. It’s because of ppl like you, with a backward mentality, that’s why malaysia is getting poorer and poorer, because the government can use ppl like you to fill up their own pocket, while everyone else suffer.

[@yooneunhyesarang9245]

Absolutely spot on! This is hypocrasy at thr highest peak of travesty! Money is really king and the saddest part is, Najib is right.

[@BadassBikerOwns]

Correction, Jho Low is not a Chinese businessman. He's a Malaysian businessman of Chinese ethnicity.

[@jasayehan]

Exactly, that was weak reporting.

[@BadassBikerOwns]

@@yangtakpopular7252 very different. When you live in a different country, follow the laws and norms of that country, you're a very different person from those in your ancestor's homeland.

[@danialhussin]

His parents are listed in the Pandora reports

[@hardeeprajput6564]

Doesn't make it any better

[@Henry-ve3ye]

@@yangtakpopular7252 he is Malaysian.. that is the difference. 12 years of school in Public school and you still weak in reading?

[@musasapari6896]

2021 the Malay still got cheated out by UMNO leaders

[@alliswell99199]

@@txc-65jlx they just wanna save their previliges

[@tokpek2555]

@@txc-65jlx , probably they don't give a damn and is very forgiving.

[@stoneyday558]

good..keep talking like this..

[@Makminah_]

The safest way to say, the Malay has been stealing and cheating a lot

[@truth8307]

Malaysia's Mahathir is the smartest person on earth. Logic tells you that all these cases can't be "coincidental" and can't be pulled off without his approval. He masterminded all these scandals and even fooled the whole country to became a Prime Minister a second time by "pretending" to support the opposition and eventually get rid of Anwar Ibrahim the opposition leader after using him twice. Brilliant. 😂😂

[@choomenglee2404]

The old 🦊 TM the màstermind

[@jaswantsingh9287]

The smart Oldman is still standing and unscathed...

[@justiceseeker3213]

@@jaswantsingh9287 But he loses support and in the edge , with small 6 person party without support from both political divide.

[@izwansafuani4197]

And some moron still believe in him and elected him as PM again

[@ripjjjsphrbggsk6292]

@@justiceseeker3213 from what he comment, its all he mahathir want is not give the leadership of government to Anwar.

[@FT14714]

Norway has oil. Malaysia has more oil. In 30 yrs Norway has accumulated a Sovereign Wealth Fund of $1 Trillion (RM5 Trillion) for its people from oil. So every Norwegian man, woman, child and new born baby has RM1 million Pension Fund saved by Norway Government. Malaysians DON'T have even ONE RINGGIT Pension Fund from their oil. Malaysian have to contribute their own money for their Pension Fund. Malaysians have RM1.4 Trillion NATIONAL DEBT on their heads. 😁

[@dadt8009]

But here is the human dilemma... Norway sells oil and gas to other countries to contribute to global warming, but use the profit to insure their own future generations and make Norway more resilient. I am not sure that's the ethical thing to do either, making the life of a small population better in the expense of billions of other people.

[@leezhieng]

Sarawak is setting up their own sovereign wealth fund, learning it from Norway. The ministers just visited Norway government recently.

[@FT14714]

@@dadt8009 Doesn't matter. Loving parents are always selfish. Welfare for their children always comes first. Unlike Wicked stepparent make you work until your very last breath 😁 and makes you your descendant to continue on and on and on and on and on.....until you are reincarnated reborn to continue on and on and on and on....

[@adrianng3255]

Yeah, a nice place rich with resources and free from most of the natural disasters is wasted by some shit-heads

[@dadt8009]

@@FT14714 Thanks for telling me who are responsible for current and future suffering in this world.

[@nrnar]

It's long past due that Malaysia honoured the late Jalil Ibrahim, the Malaysian auditor who was murdered in Hong Kong when he tried to expose the huge corruption scandal involving BMF. Malaysia celebrating a "Jalil Ibrahim's Day" every year, would be appropriate not only as sign of honour to the late Malaysian hero, but also to serve as a reminder and a deterrance to especially the crooks in government, to not ever indulge in corruption.

[@raggedyhaggity250]

bila masa malaysia peduli psal sejarah? much of our problems come from the ineptitude, gaslighting, straight up lies and cover up of many historical events. we never hear of the racial riots back in the 60s, i only knew of it bcoz some of my teachers candidly talked abt those events or from some historical groups in fb. the formation and politicization of the kadazan identity, origins of hang tuah, and erasure of yap ah loy the pioneer who brought migrants from china that literally laid the foundations for kuala lumpur from the mining industry.. there is no transparency and honesty in malaysia.

[@butch6617]

just like Munir Said Talib in Indonesia who was killed because he knew too much

[@chansowping1811]

Jalil Ibrahim knew too much of corruption of scandal tainted Carrian group n BMF and was murdeted.Altantuya knew too much corruption of another Malay politician and was murdered.George Tan n Lorraine Osman worked hand in hand to cheat $1 billion but J Low and Ananda worked to rob citizens of $13 billion.who started culture of nepotism,corruption n cronyism.the former prime minister who held the longest term in office and caused bailout using govt money of perwaja steel mill,malaysia airlines,tabung haji,felda and forex exchange ventures in UK.Now who is talking of anti corruption and anti cronyism?

[@chansowping1811]

Errata not ananda but arul kandasamy of 1M D B president

[@dq2023]

Who?

[@mohdharrisfadhilahzainudin9969]

Same script, different actors,with some plot twist here and there 😂

[@sirdavelorenz]

The Philippines: "Hold my beer."

[@interactiveledger8990]

You mean hold my microphone.

[@frontier7320]

You mean Corona beer?

[@addysalic]

Hold my San Miguel.

[@user-uo1sl6pt1z]

Obey your dutert3, he is good president tho

[@Makminah_]

Hold my red horse

[@lkgpuanimho0349]

6:30 Corrected: This conversion rate is false. In the 90s, the exchange rate between USD and Ringgit was around rm2.50 to 1 USD. So, it should be $6-12 Billion, not$3.57-7.16 Billion.

[@alexlong3714]

Amazing how Malaysia is able to absorb all those losses, incurred during BN's rule. Now, DSAI's Unity Government has to manage the repayment of all those interests incurred, from past mismanagement. Malaysia National Government Debt reached 260.3 USD bn in Jun 2024, compared with 256.1 USD bn in the previous quarter. Malaysia National Government Debt data is updated quarterly, available from Mar 1978 to Jun 2024. The data reached an all-time high of 260.3 USD bn in Jun 2024 and a record low of 6.9 USD bn in Mar 1978.

[@hoco27]

Interesting note, the narrator is filming in the Philippines. Another country struggling with corruption scandals

[@mariacherryabes9615]

Thats a different story.anywhere u can film.

[@Glee73]

if he filmed this in Malaysia.. he would definitely be in trouble and never allowed to enter Malaysia again.

[@bzzvlog5879]

theres a hidden hand who want to create chaos within malaysian people. and ohh its close to election btw

[@profearoum]

Surely you can see the connection to mahathir. George Tan, Jho Low, it's the same MO, the difference is George Tan made money for mahathir, Jho Low made Najib looked guilty for stealing money from 1mdb. Both benefited mahathir, one financially, the other politically.

[@ronaldtsc]

Until to-date the Bumis still haven't learned their mistakes from the past

[@beNic3-bdy]

Bumis learn a lot when ph win election..

[@theallseeingeye9388]

@@beNic3-bdy LOL. Like the death of Adib? UMNO and MIC trying to start a race riot but Tommy Thomas getting black sheeped?

[@frontier7320]

Unfortunately the bumis is the king maker in Malaysia. The Falls of BN and PH also the cause by Bumis. PN too will falls when the bumis get tired of it.

[@CalvinK300]

@@frontier7320 actually you are not correct. The Malay politicians are able to topple non-Bumi political opponents by playing the race card. In other words, Bumis are not the kingmakers but merely pawns used by Malay politicians for self-interest. Of course they would like you believe you are the Kingmakers and they will serve Bumis’ interest. Take a look and see if they really serve for the benefit of the Bumiputras?

[@frontier7320]

@@CalvinK300 dear bro the bumis are the king makers. Be it in opposition or ruling side it's same. Their vote decide who rules or who falls. Chinese party play race card it's ok for you it's good and valid right. As for malay, what's wrong is wrong what's right is right. We don't cover up our own people. That's why malay divided while you people united, aiya projek terowong sudah setel maaa saksi Utama Mati mengejut, for you it's good, can cover up right. That's the difference between you and us.

[@mohamadnazriabdullah8417]

It all started with Dr.M and his 22 years in power and the difficulties we are facing now. What to do is to worry how the future is going to be.

[@raokumaran6187]

Clever? 😁☑️

[@poovaneswaransupramaniam19]

Good report and somehow...the malaysian political elites and associated cronies are hell bent on doing the same thing again..and again ...and again.....and again...and again...ultimately making the malaysian citizendry....the one left with paying the bills on these fiascos

[@MHaffiezMNazri]

While us Malaysians do get the perspective and are able to differentiate it, for your viewers and non Malaysians generally, it's almost impossible and usually ends up misleading - when you referred to Jho Low as Chinese. He is not, well he is but also he is not. Us Malaysians know what you meant. Americans might think he's Chinaman or as Michelle Yeoh's Eleanor Young said in Crazy Rich Asians, she is not our kind - despite both being ethnically Chinese. The term Nanyang refers to those living in SE Asia and they're same but different. Again, while having envy at Jho Low, I am here standing and being unbiased and fair to please, next time, refer to him as Malaysian (if you insist, Chinese Malaysian - or as we here say despite grammatically incorrect - Malaysian Chinese) because labelling him Chinese opens doors to confusions.

[@wclooh9297]

Don't ever say Chinaman. It is highly derogatory. And what are you? Disgusting

[@nihleigleca6702]

This reporter is deliberately creating confusion. No one would make this kind of stupid "mistakes". It's like calling Black Americans "African" or Mexican Americans "Mexican" lol.

[@MHaffiezMNazri]

@@nihleigleca6702 well said, exactly my point 👍

[@Birdylockso]

Vice channel, like all the rest of the Western Mainstream Media, will find all kinds of ways to smear China, in every opportunity. So, I'm not surprised.

[@chan6565]

The term Malaysian Chinese is grammatically incorrect? It sounds more logical because ethnicity should come after nationality

[@trustgtr33]

the rot started in 1981 under Tun M..Malaysia's own Marcos..only difference is Philippines kicked Marcos out and Malaysian's re elected him in 2018 to save the country from his blue eyed boy Najib. Just like re appointing the fox guarding the chicken coup..😂😂

[@choomenglee2404]

Correct.The sly fox 🦊 TM looking after the chicken 🐔🐓 coop

[@Heshem_Joel]

Thank you George Tan and Jho Low. For every great man there is a great woman. For every corruption there must be great master minds too.

[@johanabdullah682]

Now u we know that our politicians wife are the greedy n the stupid husband just allowed them to do freely.

[@Heshem_Joel]

@@johanabdullah682 Including the mother of Jho.

[@klpang7153]

@@Heshem_Joel NO thanks to the Malays who enabled all these under the pretext of Ketuanan Melayu. Every money or advantages gained under the pretext of Ketuanan Melayu is haram

[@Heshem_Joel]

@@klpang7153 No thanks too, for the Ketuanan Yap Ah Loy and the British legacy (which are haram and continuous mass thievery of native land), Jho Low and his Goldman Sachs, Singapore connections and his loving Mother.

[@kakiayam60]

All the Malays here are enabler. They hold all the power. And they sold their souls to whoever that pay the right price. And while doing that, continue to claim to work and protect their race and religion.

[@yotosino]

I love listening to these documentaries as an Indian-Malaysian. Love from Mumbai, India and Selangor, Malaysia ❤🇲🇾🇮🇳

[@naga2015kk]

Goldman Sach is not guilty but Jho Low is guilty. Go figure this malaysian logic.

[@es0strefis]

I can see some parallel with India's Harshad Mehta Scam in 1992.

[@brenchomsky3515]

Why did Mahatlir withheld the release of the information to the public ?

[@magzelmarg5152]

all of these speculation in the comments can be heard 50years ago and yet Malaysia is still standing good but not great. Be the change that you wanted to see, not complaining about it throughout your whole generation.

[@eustache_dauger]

The murder of the late Jalil Ibrahim.

[@norlina7]

Simple question..who is in charge of the Malaysian government at that time?Jalil Ibrahim seems to be the victim of "KLEPTOCRACY"

[@fahimannaim2517]

Grandpa

[@espreedupree]

funny all the shots of buildings in the background are in the philippines not malaysia..1:19

[@RUHappyATM]

Maybe he's scared of the SOSMA?

[@stevenkoh6041]

HELLO MALAYSIAN I WAS TOLD "BUMIPUTRA MEAN I OWE THE LAND AND DON'T NEED TO WORK JUST ENJOY LIFE IS IT CORRECT" ????

[@surajbanothcm-0654]

hmm... I need to try one of these. I'll tell you all when it happens.

[@metalextras]

Malaysia Boleh! Break another World's record again and again...

[@RUHappyATM]

The CIA report on the BMF affair is an interesting read.

[@MrBaskins2010]

great series you got goin

[@AC-iz7eh]

Corruption that has gone unchallenged and unchecked for 60 years. Our folks in kampung just love corrupted leaders so much we're looking at them coming back in the next general election. Malaysia Boleh. Apa Malu Bosku

[@AB-qo8do]

You may ask Mahathir due to this. Mahathir knows everything. Malaysian knows what Mahathir did.

[@EzraProBlox]

A lot of mistakes. The colonial rule over Malaysia/Malaya was definitely more than a decade. Lol. Jho Low is not Chinese but of Chinese descent/ethnicity. The Bumiputeras are not just the Malays these are two different things. Was there local (Malaysian) participation in the reporting? Good story nonetheless

[@amandalee1268]

How a pm can have so much power is beyond comprehension. There are auditors n people he too as prime minister has to answer to. Prime minister work for the people, the public. That is why we have auditors to keep the people informed so that the persons in charge cannot abuse their power.

[@bensumw]

The answer is the PM was the de factor dictator with absolute power. Auditors are useless if there is no strong governance in place for checks and balance and Dr M quickly dismantled any such systems to remove any potential barrier to challenge him and at the same time build up strong support through enriching cronies with bribes. This is how he managed to stay in power for so long and build up massive personal wealth for him, his family and all his cronies that are loyal to him.

[@saadsalleh4858]

There were 7other banks involved n affected...the money was still hidden in Hong Kong under some companies controlled by prominent businessman?

[@ridhobaihaqi144]

Pandora papers. Indonesian busineessman included.

[@bukitkatilmp]

Vice Asia is trying to be credible but their research is sorely lacking. It has ended up being a poor version of a media organization. Although its true that these were the only two large scale corruption cases in Malaysia.

[@TheMasterofComment]

How so? Tell us more about the truth

[@JrKinabalu]

Yes please share here. We want more credible information.

[@caseystevens8302]

I think he is refering to the Carrian Group scandal. The whole legacy of this case involved a high level of corruption in Hong Kong, mainly. Many aren't aware that the corruption was as much spearheaded in Hong Kong as it was a Malaysian issue. One can just study the Carrian Group history to understand this. Bank Bumiputra was only the proxy, not the principle of the matter.

[@TheMasterofComment]

@@caseystevens8302 ah. I think this video mostly just highlights how Malaysia has a history of "investing" money in failures. Not so much that bank bumi had a hand in the failure.. though I guess they're decision to pour so much money on a shady entity is debatable

[@omori3007]

imagine being malaysian

[@user-sb6os]

i no need to imagine 😞

[@Farisjohnnathan]

Best

[@aimansyno7322]

Why does China and India always fighting in their border? *Because there is no Malay there* 😆 If there is a Malay there it will be like Malaysia, Chinese and Indian can sit down on one table drinking tea/coffee conversing/joking, can marry happily reaching grandchildren (millions of them "only in Malaysia")

[@SpellingBeeC]

duit rakyat digunakan untuk selamatkan taiko taiko tak guna ni daripada dikenakan keadilan yang sepatutnya

[@JrKinabalu]

Vice Please do the notorious case of the late Lorraine Esme Osman.

[@amirneeds2sleep]

Proves that some people have been corrupt since decades.

[@frankyong2607]

And over time of 5 decades, corruption is becoming a habit and part of the DNA and genes passed on to offsprings from 1980s Carrian group - Bank Bumiputra Finance to 2010s 1MDB - US Goldman Sachs as bookends with so many other corruption cases alongside. Political-financial-religious corruption proliferate, interrelate and multiply to snowball.

[@steadicamstudio]

still going

[@thomastan7511]

Well done, Vice Asia.

[@im19ice3]

that is a huge-ass scale of corruption :s depressing af

[@MrDotify]

The man behind it live a long life at 95yo now in 2021

[@knd6759]

It's okay. It's the real nature of Muslims. Go for hajj & all is forgiven Brother

[@vincentp12345]

There is a new hk movie about this movie by andy Lau and Tony leung

[@ibnuothman5280]

Wow malay gangsters, jangan main main

[@antongavutti4376]

Why are you showing backround at Roxas Boulivard?? That's not Kuala Lumpur!!

[@mimikolomamu]

its Covid dude...you cant travel around like it used to be.

[@averagegameenjoyer4156]

@@mimikolomamu google image is a thing you know

[@riceballsenthusiast5899]

@@averagegameenjoyer4156 It wouldn't look nice like it's vice they want their vids look gud af

[@gungatz6696]

@@averagegameenjoyer4156 Then wouldn't that just be a Slide show, it wouldn't look good.

[@kironmanuel664]

Just simply scary

[@vertwheeler3557]

Damn my country is fucked plus there's not gonna be water in Selangor for days wtf water is a basic human need its been going on for years now. They should invest the money in actually helping the people that live here instead of doing all these scams and money-wasting but i know damn well they're not gonna do that.

[@theallseeingeye9388]

No water cause of Palm Oil

[@azharluvphysics]

Air takda sebab maintenance gila.

[@user-sb6os]

Yes water is a human right but its not likr the government doesn’t let you to drink water they have to do construction or smth

[@tokpek2555]

We call it "Malaysia Boleh"

[@raz1683]

It's Malaysia bro. You could steal anything in this country

[@ruripapi]

@Julia - 𝙾𝚙𝚎𝚗 𝙼𝚢 PROFILE Philippines lmaooo

[@guruofficial2]

Bismillahirrohmaanirrohiim GOOD Review. It teaches us to know History. Thank you. Wslm.

[@mykenmoon]

this happens EVERYWHERE in the world....

[@ieren1228]

Wtf only 4Ep, add more please

[@oneofthechosen874]

Do you know why they dare do so? Because Malaysians, especially Malays are docile. The only way to make them see the weight of responsiblity is when thier life is on the line.

[@CutePuppy520]

their life will be on the line, when, and only when, malaysia is bankrupt The Malays standard living is low, they can get by with low amount of money monthly, and somehow their livelihood is always supported by various government schemes funded by tax money in the form of government jobs, free education, low cost housing subsidized government, and even if they are working in private corporations, these private corporations are always government linked. Only when Malaysia is totally bankrupt, that’s when the malays will stop getting funding from the government

[@johnkoay8097]

It's is the Malaysian citizen, who elects a few other Malaysian citizens to become their political leaders, and these simpleton decided to become corrupted seeing the wealth the country has.

[@theallseeingeye9388]

Mahathir. All his kids are billionaires except for Boboi, the last one. Its just a coincidence

[@henrypor79]

Moral of the story, after you rob, you scam..... end up you retired damn rich life comfortably

[@Ironhands404]

Too much number basically as Malaysian we just waiting to go bankrupt...

[@fishingdad88]

Another massive error. Malaysia was NOT govern by UMNO but by Barisan Nasional which made up of 3 main parties. UMNO, MCA and MIC representing the 3 major races in Malaysia. At least get your facts right. Erroneous reporting just to get views😡

[@Minimanemohahaha]

well, the other 2 parties are just muppets.

[@sebastiancastellanos3575]

Now imagine 128 Billion Dollars! 👀 Berat Albayrak we are looking at you!! Where are you?! Make a video about Turkish scandall too!

[@zoickn]

Innocent life is lost. One life for one life. If the justice is not in power to prosecute this people, God will. You are going to hell.

[@tanchye1720]

Still Corrupting 2021, 2022….

[@PeeHoaSong-b2s]

Terrible. How evil men can be evil and greedy. Politicians of high levels. Can do

[@ricr.4669]

That's a piece cake compare to corruption in Laos

[@waulau8]

Human "GREED" ! So sad ! 😭 Firstly is not through moral means, secondly you can't bring it along with you when you leave this world. Lastly, the bad karma follows you like a shadow !

[@swayforlife8585]

A documentary about Malaysia but a dude walking around in the Philippines..?

[@saralanarayanan9965]

It is ppl like us who work hard and pay taxes that bail out these cronies

[@hamid1106]

CIMB Bank Malaysia is using the travel restrictions as an excuse and they are NOT sending my money to Turkey

[@justiceseeker3213]

The Malaysian Najib @ co robbers and thives from UMNO is still free because of UMNO political parti is in power.In another very recent case 100 million Mitra fun was swindle by Halimah the Malay Minister, Mitra 100 million a small biscuit is the only program for poor b40 Indian was swindle by Halimah & co.The Malays spoke about Timah whisky but they rob behind the scene all are tightly seal by UMNO. And until now no any UMNO robbers goes to jail most of them acquinted by court which listen to UMNO

[@choomenglee2404]

Malaysia Boleh we have to orang Kita around 😅 make alot of difference

[@tommyliangwei3724]

in 2010, Premiered on 5th October 2016

[@beNic3-bdy]

Najib without scandal coruption are good..he makes a lot infrastructer

[@LexDomo]

Yea and he has to tarnish his reputation with all these bs. Serve him right though but now Malaysia lack any competent leader

[@azharluvphysics]

Kalaulah hang tau berapa gomen kena tanggung utk MRT

[@sangpenghujam5137]

Unfortunately, surrounded by numerous gold-digger and pick- pockets..

[@Farisjohnnathan]

@@azharluvphysics habis? Ko nk free ke? Benda tu akn bertahan bertahun2, bukan projek tangkap muat

[@azharluvphysics]

@@Farisjohnnathan tahan ye? Tiap kali hujan mesti ada baldi merata.

[@v4nnyz]

I don't know why, but this situation reminds me a little of Enron, the energy company.

[@tbhotia1]

He's not a Chinese businessman, he's Malaysian!

[@jotodd11]

I like how he pronounces Bumiputera hahah and other Malays words...uniquely sound XD sounded like sthg exotic somehow

[@yooneunhyesarang9245]

Malaysian has been swindled more than hundreds of billions but still prosper in terms of economy. Surely their natural resources is a main factor but still, it is not going to last for long. If other countries been duped like this, people will suffer but not Malaysian. They were so chill. Am I wrong here?

[@CutePuppy520]

Hmm... yes and no Yes, malaysia has managed to survive for so long, it’s partly due to the natural resources of Malaysia But, natural resources does not equal prosperity/not bankrupt, Venezuela is a good example In my opinion, malaysia still manages to hold off bankruptcy is due to the fact that majority of the wealth+assets+money+private businesses is in the hands of ethnic Chinese. The Chinese saved sums of money throughout generations of living+doing businesses in Malaysia, and it’s the Chinese that kept Malaysia from going bankrupt. I personally know, a restaurant co-owner at where I live, a friend of a friend, her boyfriend’s (who co-owns a restaurant with her) family owns a small but very famous museum (called the baba nyonya museum) at where I live, they are not super rich, but, they live comfortably with multiple revenues of passive income. The museum itself is already a very valid+consistent source of valid passive income. Their restaurant is famous+successful, you can actually see it at the top 30 restaurants list on TripAdvisor at the town where I live. But, this restaurant isn’t their main income stream despite the fact that they are successful, the boyfriend’s family has a multiple streams of other income sources, all passed down throughout generations. The museum that the boyfriend’s family own is small, but very famous throughout Malaysia, and whoever that visits as a tourist to the town where I live in, most likely they will be visiting that museum too. Her boyfriend’s family had other investments as well, mainly in real estates/commercial shop lots which they bought with money earned throughout the year, they collect rents from these properties. If I am not mistaken, the boyfriends parents own/used to own one or two other restaurants as well, and thus the parents had significant experience in helping them to set up+start up their own restaurant successfully. everybody knows, owning a profitable f&b business is very hard, and if you have ppl who are experienced in the industry to help you out, you will avoid most of the pitfalls. These group of ppl aren’t very rich by appearance, they don’t wear/use any luxury items, but, just by their appearance, you know they live a comfortable and care-free life. Anyways, during pandemic, the restaurant which the girl co-owns with her boyfriend, it was closed most of the time throughout the 2 years pandemic, they didnt even bother to set up an online food delivery account with apps like grabfood. As to why they didn’t set up a food delivery account, I don’t know, I didn’t ask. They had 8 full time employees at the restaurant, which during the pandemic they manage to keep half the staffs (4 staffs) and still pay monthly salaries to them despite the fact that the restaurant wasn’t open for almost 2 years and they didn’t set up any food delivery accounts. Needless to say, even though they didn’t mention that they actually own the shop which they operate their restaurants on, but I am very sure the shop lot is theirs, debt free (paid using boyfriend’s parents money perhaps?), they don’t have much stress like any other small business owners where everyone is struggling to cover rent/other cost. My friend+her boyfriend is just another obscure+normal looking person amongst the millions of Chinese in Malaysia, but, there r a lot of other ppl like them. The huge factory that my another friend is working at, during the pandemic, revenue is on going for the factory owners (chinese) because their business involves constructing the outer metal structure for public transports like trains/buses, they have overseas customers in places like Hong Kong/Singapore, their business is kinda pandemic unaffected because contracts for constructions of trains/buses where signed years prior, and despite the pandemic , buyers have to uphold the terms of contracts. My another friend, who worked in a small+obscure looking share trading firm (owned by Chinese) at where I live, earned hundreds and millions of dollars, probably billions of dollars during the pandemic. The family that owned the share trading firm, has been suffering for losses/next to zero profit for years, they are a part of a larger family who owns factories/real estates/property development businesses throughout Malaysia. Needless to say, throughout so many years, the share trading firm is still in operation because it was supported by tonnes of other income streams that the family has. The family developed a share trading software a few years prior to the pandemic, and during the pandemic, where plenty of Malaysians were just sitting at home, started to learn share trading for the first time using the money they have saved up in the bank, and this was when the share trading app really took off because of its cheaper commission rate charged per trade as compared to other platforms set up by major banks. There r a lot of small size stocks broking/trading firms in Malaysia, but, none of them developed their own share trading software/app, because it costs millions and millions of dollars to do so, developing a reliable+secured+malaysia government approved online share trading platform, is very very expensive. This stock trading firm has managed to do so is because they have a lot of money saved up throughout generations of their family doing business in Malaysia. You can’t just set up a typical share trading app/crypto app And get it government approved in Malaysia, Malaysia is very strict in regards to this aspect, up till today, major investment banks like Goldman Sachs/Merrill Lynch/all other foreign investment banks aren’t allowed to set up a branch in Malaysia, they are very wary of anything that can potentially screw up the finance sector of the country. Anyways, the volume of trade of this tiny share trading firm, as verified by Forbes Malaysia, is in the top 5 in Malaysia, this list includes all other banks (big/small)/share trading firms that have the license to do stock broking in Malaysia. I was in external audit, I had 2 clients, both in palm oil business, both owned by Chinese bosses/family, 1st is non-listed company, 2nd is a public listed company You would think, that the one which is a public listed company is way bigger+earn way more money, but, this is not the case. 1st Company, just in cash, the amount exceeded 1 billion, this excludes all other major assets like land (they have tonnes of palm oil land/plantation/palm oil bill), zero debt, zero need for cash flow management because they have so much cash the bosses instructed the accounts to pay off all creditors at every month end irregardless of the credit term (some creditors offer 90 day pay back period), this company is a non-listed company, and it does not have intention to list the company on stock exchange. 2nd Company is always cash poor, always struggling to pay up, have tonnes and tonnes of loans from various banks, have next to zero profit, this company is a public listed company. But; if you rewind 15-20 years back, the 2nd Company was doing much better (back then it wasn’t a public listed Company) because it had way more palm oil plantations, and it was also cash rich, but then it goes downhill when the boss decided it’s going to list the company on stock exchange. So, what makes the 2nd Company goes Downhill? Management. I believe, the 2nd Company kept losing money on purpose, in reality, the money has somehow gone to the pockets of the family who were the original founder of the company, probably they paid various creditors more than they should by using the company funds+loan money, and in return the creditor transferred money to their overseas bank accounts. But, because the amount over-pay is probably quite minimal and the company decline is pretty gradual , it wasn’t enough to warrant an alert to anyone that something is wrong with the company, everyone in the industry knows that this company is shady, but, no one will take the initiative to investigate+expose the corruption, because by doing so it gains no benefit. Palm oil companies does not have a major competition issue like other businesses, basically, they sell all palm oil harvested at a set market price, just like gold, how much palm oil they manage to harvest depends on how much land that they have. So, you as a palm oil business owner, by sabotaging another business, you bring very minimal benefit to your own business. If you manage to overpay 0.5% to each creditor, this amount may seem tiny, but, if you have 20 creditors, that’s a 10% loss to the company, just to give you an idea. A 10% loss on net profit margin is a huge deal to any company, go check the financial statements of the biggest company in the world, you will be surprised that most of these companies have super low profit margin. It’s almost impossible to lose business in palm oil business, those who are losing money are usually the ones that let the company goes public, any normal palm oil plantation business has a net profit margin of 25-30% and they do not have to be super thrifty/super cost savings to achieve that net profit margin. Of course, if your intention is to siphon money off the company To line your own pocket, those net profit margin will go to 0% pretty fast. So, hope this gives you a clear idea why Malaysia still hasn’t bankrupt despite decades of corruption.

[@yooneunhyesarang9245]

@@CutePuppy520 Well replied. I really don't expecting this kinda reply but, to say at least, you have done an excellent job on discussing this complicated matters. Yes , you are right about chinese saving the grace about Malaysia. But all of this is really on borrowed time. Malaysia is on course to economy pitfall if the majority of Malays do not act upon their leaders. Kryptocracy at its highest, education has been regressed, brain drains, judicial intervention etc to say at least. I fear we have to accept a " Good Dictator" to overide this hussle. Pray to God, our children be safe from this horror and be the Asian Tiger again. No hurt to be optimistic right?

[@fenixzmizi8136]

This happen because UMNO, i dont know part large of malay still choose this corrupt politician to lead. I prefer this corrupt politican covert into another religion other than Islam, because Islam dont teach doing like this

[@bunnystrasse]

Najib is also corrupt

[@divinaratty8452]

sad situation he used this man to kings and Queens of Malaysia same like in united kingdom and United States and all over the world.

[@GreyJedi17]

Daim and Mahai

[@reoru4425]

Indonesia: hold my rendang

[@Jabberstax]

Britain ruled Malaya for a lot longer than a decade.

[@boonseow8338]

Jho Low is a Malaysian businessman, not Chinese businessman.

[@aididfaruqi5692]

But he still Chinese by ethnicity

[@boonseow8338]

@@aididfaruqi5692 well, if you are so race based, then he is Chinese Malaysian, not Chinese.

[@aididfaruqi5692]

@@boonseow8338 Chinese Canadian, Chinese Australian, Chinese American, Chinese Malaysian, Chinese Singaporean, Chinese Indonesian, Chinese Filipino all around the world but they still Chinese by blood

[@yikee7592]

Also Malayan Banking n Tun Razak had to nationalise the Bank. MBF finance?

[@mopikozz]

and uncle JIB is still a free man today...what a joke Malaysia..what a disgrace

[@0900370pian]

Jokes on you. He has been convicted but was granted stay of execution pending his appeal. Malaysia still has proper law in place. Must follow the proper legal procedure to avoid any injustice that may arises. Najib for all purposes is still a Malaysian citizen and entitle to due process of the law.

[@leezhieng]

The real issue is Mahathir is still a free man today. Unbelievable.

[@nasernordin8424]

Buka balik kes bmf, sure terbongkar siapa god father di sebalik skandal tahun 80an..

[@sps6]

What happened to murderer of Ibrahim?

[@chenyeanmingtakumi9033]

the accused murderer (a Malaysian businessman) is under life imprisonment, however, based on his words, there was another Korean guy who was accused by him (although proven not suspicious). However, the true masterminds are still active in politics

[@daer4335]

Malaysia is a perfect country to be a gangster.

[@BeachBoi1000]

The murderer wasn’t found?

[@AnnieT369]

Stop calling Jho Low a Chinese man. He is Malaysian. Get your facts right!

[@hslee5965]

Their take the money is valid and halal......... Action is louder than what their speaking.....

[@jennypai1776]

Is that Atom Araullo?

[@ForelliBoy]

>documentary about malaysia >filmed by the Philippine International Convention Center area

[@DavidArulnathan]

can I say the malays deserve this for trusting UMNO & PAS ????

[@sher-lm6rx]

They will never learn and keep blaming non-bumi

[@nrnar]

Your anti Malay (plus most probably anti Islam) sentiment clearly shine through when you included PAS in your statement, .....as everyone knows that PAS was never a part of the Federal government when either the BMF and the 1MDB scandals happened.

[@lunix3259]

3 years in prison? My highschool was longer than that xD

[@diakhswdhvd]

when 60 years ruling without unchecked heck Najib is still free and try to campaign to become the next prime minister

[@altairsky7640]

chinese ethic ppl in taiwan call taiwanese,, .. ..chinese ethic ppl in singapore call singaporean... chinese ethic ppl in malaysia call chinese ???? wth