A Returner’s Successful Investment Method - Chapter 654



Only Krnovel

Episode 654. malay scandal (15)

The battle between the world’s largest investment bank and the world’s largest private equity fund has emerged as an issue not only on Wall Street but also around the world.

There was a separate country that was most shocked by this incident that occurred in the United States.

That’s Malaysia.

Currently, the election campaign is in full swing in Malaysia ahead of the general election to be held next month.

Prime Minister Binti Raime mainly touted economic performance in her election campaign.

“During my tenure, Malaysia recorded an average annual GDP growth rate of over 7 percent, and foreign capital attraction and investment increased significantly! “If you give me another chance, I will dedicate myself to the development of Malaysia!”

In fact, the biggest factor in economic growth is the rise in oil prices.

However, it is also clear that investment by foreign companies and jobs have increased significantly.

Although there were some side effects, such as skyrocketing urban real estate prices, rising rents, capital monopoly, and widening the gap between the rich and the poor, the majority of the people strongly supported his economic policies.

The National Alliance, the opposition party and Malaysia’s second-largest political party, pointed out corruption scandals, suppression of the press, and collusion between politics and business, but Prime Minister Binti Lime’s approval rating did not drop.

Experts and opinion polls alike predicted that the United Malays Party, led by Prime Minister Binti Lime, would win by a landslide, just like in the last general election.

However, not long before the election, an unexpected news story broke out.

[Continue Capital raises suspicion of 1IDB bond delinquency!]

[What is the whereabouts of 1IDB’s 7 billion dollars?]

[Will the 1IDB incident turn into a corruption scandal in Malaysia?]

No matter how much Malaysian media tried to reduce their reporting, they could not block foreign news and social media.

Prime Minister Binti Lime established 1IDB to increase the wealth of Malaysians and promoted it extensively.

Since there was nothing much to say after that, everyone just assumed that overseas investment was going well.

But the money is gone!

People who saw the article were shocked.

“1IDB’s $7 billion disappeared?”

“Nonsense!”

“Is this real?”

“Then who has to repay the bond?”

“They say the government has to pay it back.”

“what!?”

“How much did these guys lose!?”

“The election is not important right now. “All those who made money should be thrown in jail!”

For politicians, image is important.

Prime Minister Binti Lime has steadily built the image of being capable despite being corrupt.

In the meantime, corruption scandals involving bribery, favoritism, real estate speculation, and stock price manipulation have occurred more than once in relation to him and his relatives and associates.

Each time, he made ridiculous excuses such as ‘I bought the land because I love nature’, ‘I received it without knowing it was a bribe’, and ‘I bought it and the stock suddenly rose, and when I sold it, it just plummeted’.

To begin with, few voters thought he had integrity.

The sentiment of supporters is that corruption is okay, so they just want the economy to be revived. Therefore, the approval rating did not budge even with the most corruption scandals.

But this only applies to a certain extent… … $7 billion is way over the line.

$7 billion is a huge amount, equivalent to one-third of the annual profits of Petronas, Malaysia’s national oil company!

They say this money has evaporated, but which citizen would accept this?

The opposition party, the National Alliance, immediately went on the offensive.

“Reveal the true nature of 1IDB!”

“Reveal all of 1IDB’s investment details!”

“We demand the truth from Prime Minister Binti Laim!”

Reporters flocked to the United Malaysia headquarters and thrust their microphones at Prime Minister Binti Lime.

“Is Continue Capital’s report true?”

“Did you accept bribes during the bond issuance process?”

“Where are the 1IDB assets?”

“Where is $7 billion worth of assets currently invested?”

“Is it true that the state should be held responsible if 1IDB becomes insolvent?”

Prime Minister Binti Laim spoke confidently.

“It’s all a baseless slander! I have no involvement in this matter and I know nothing! Everyone, you know this is all a lie, right?”

* * *

Prime Minister Binti Lime canceled all scheduled campaign events and stayed indoors.

Ahead of the election, an unprecedented situation occurred in which the prime minister and leader of the ruling party went into hiding.

However, it is impossible to stay hidden forever.

According to election law, you must attend TV debates.

The moment you step out here, you will be questioned by your competitors in front of the entire nation.

“Damn it!”

It would have been fortunate if it had happened after the election, but as it happened right before the election, this issue quickly emerged as the biggest variable.

The $7 billion corruption scandal was powerful enough to easily destroy the economic growth achieved so far.

Prime Minister Binh Thi Lime called Ming Liu several times, but was unable to reach him.

“You son of a bitch!”

The first time I met Ming Liu was through my son’s introduction.

Born into a business family and a graduate of the Wharton School, he was incredibly bright and had extensive contacts in the financial world.

Ming Liu joined his camp during the last election, managed his campaign funds, and devised various strategies to make him prime minister.

From then on, Ming Liu handled Prime Minister Binti Lime’s various affairs and managed slush funds without an official title.

Ming Liu knew how to launder money in international financial markets, which allowed Prime Minister Binh Thi Laim to amass a huge amount of wealth during his time in office.

However, human greed has no end.

Ming Liu proposed a surprising plan to him.

The plan is to establish a state-run investment company and use part of the profits as a slush fund.

Ming Liu encouraged the establishment of 1IDB, confident that it could generate profits of more than 20 percent every year.

Prime Minister Binti Laim approved it after hearing that it could make a lot of money.

Ming Liu handled difficult processes behind the scenes.

1IDB’s overseas branches were established in the United States, Hong Kong, and Singapore, and funds were raised by issuing bonds through Richman Sachs.

Although full-scale investment had not yet begun, Ming Liu sent money first, saying it would be used as election funds.

The amount of money received through a secret account was a whopping $1 billion.

In addition, there were countless gifts such as expensive paintings, gold bars, sculptures decorated with gold and jewels, watches, precious metals, bags, shoes, and clothes.

When Prime Minister Binh Thi Lime expressed some concern, Ming Liu said that the amount could be made up through revenue.

At the same time, various blueprints and expected returns were presented.

‘I left it there thinking there wouldn’t be any problem… … .’

A truly huge bomb exploded.

* * *

[(WST Exclusive) 1IDB Keyman Ming Liu. who is he?]

(strategy)

There is one name that keeps popping up in this situation: Ming Liu.

A Chinese-Malaysian, he is a friend of Prime Minister Binti Laim’s son, and is known to be close enough to be called ‘the Prime Minister’s butler’ by some.

Ming Liu, who gained Prime Minister Binti Lime’s trust, was directly involved from the establishment of 1IDB to bond issuance and fund execution.

Ming Liu contacted current and former Richman Sachs executives, entertained them at golf courses, yachts, and clubs, and gave them expensive artwork and watches as gifts.

In addition, Richman Sachs paid bribes to high-ranking officials in Malaysia and the UAE, and Ming Liu is believed to have been deeply involved in this process.

Thanks to this, 1IDB’s bond issuance and sales were able to proceed smoothly.

In order to issue bonds worth as much as $7 billion, which are not short-term bills, one must pass strict regulations and approval procedures from financial authorities.

However, this problem was easily solved.

This is because there were people from Richman Sachs in the financial authorities.

All of the $7 billion worth of 1IDB bonds issued in that way were sold thanks to Malaysia’s credit rating and Richman Sachs’ sales power.

So where are 1IDB’s assets, which were raised by selling bonds, now?

Continue Capital claimed that the money was not used for investments but rather was withdrawn through Ming Liu’s account.

(syncopation)

Ming Liu’s extravagant behavior was beyond imagination.

He spent over $100 million in Las Vegas clubs and casinos alone, bought supercars, expensive paintings, precious metals, and luxury goods, and showered money and gifts on people around him.

He also purchased penthouses, mansions, resorts, and even private planes and yachts in various locations.

According to Continue Capital’s claims, the money Ming Liu has spent so far is not his personal property, but 1IDB’s investment money.

The money that should have been invested to increase the assets of the Malaysian people was used by one individual for luxury and entertainment.

Where is Ming Liu now?

In the end, only by catching him will the truth behind all these suspicions be revealed.

The WST article was shocking in itself.

People who saw this could not hide their absurdity.

-uh… … . So, a guy named Ming Liu stole 7 billion dollars of Malaysian national money?

-7 billion dollars? Isn’t this a mistake in the number?

-Does this make sense? How can an individual embezzle $7 billion?

-When I search for Ming Liu, it comes up as ‘King of Las Vegas.’ It is said that he once spent $1 million in one day at the club.

-Even if you spend $1 million a night, it will take 20 years to spend all $7 billion. Haha

-ㅋ Interest seems to accrue faster.

-So this is a true story?

-If you look at the article coming out now, it’s no joke. Mansions, resorts, villas, private jets, yachts, supercars, paintings, jewelry, luxury goods, etc. Even at a rough estimate, it seems to be over 1 billion dollars.

-Hey! I really wrote it without any intention.

-I’m jealous~~

-If I had used and played this much, I wouldn’t have any regrets even if I rotted in a prison cell for the rest of my life.

-Be sure to catch that bastard!

* * *

A mansion located in Beverly Hills, LA.

Last year, Ming Liu bought it for $32 million. The reason I bought it as soon as I saw it without haggling was because I liked the swimming pool.

Heat pumps were installed throughout the swimming pool, so swimming was possible regardless of the weather.

When Ming Liu stayed in LA, he invited celebrities and enjoyed pool parties every day.

But this time, there was no party.Ming Liu saw the article posted in real time.

“shit! Damn it!”

Now, his name has begun to be mentioned directly not only in 1IDB but also in the media.

His name has been mentioned in the media before.

At that time, he was called ‘Asia’s richest man’, ‘successful investor’, ‘king of Las Vegas clubs’, ‘big money in Hollywood’, etc., but this time he was called ‘the greatest fraudster’, ’embezzler of the century’, and ‘key man of 1IDB’. It was called ‘.

How on earth did they know? WST investigated his movements in detail and published them in an article.

There were constant phone calls from Prime Minister Binti Lime.

Normally I would have put everything aside to receive it, but this time I couldn’t.

Ming Liu held his head in both hands.

‘Why on earth did this happen?’

Of course, I knew very well that I couldn’t live like this forever. But I thought I could live like this for a few more years… … .

At that moment, there was one person that came to mind.

It all started with a report from Continue Capital.

So this must be… … .

“After all, it’s because of that bastard!?”