WASHINGTON: The US Department of Justice’s mushrooming investigation into the scandal-ridden 1MDB has extended to Deutsche Bank, two people familiar with the matter told AFP Thursday. The big German bank, which announced deep job cuts earlier this week and is embroiled in other high-profile government probes, says it is cooperating with the investigation and maintains that it is a victim in the scandal. The Justice Department is looking into whether Deutsche Bank broke anti-money laundering laws through its work for 1MDB, which included helping the Malaysian fund raise US$1.2 billion (RM4.94 billion) in 2014, two people familiar with the matter told AFP, confirming a report in The Wall Street Journal. Billions of dollars were looted from the 1MDB investment vehicle between 2009 and 2014 and spent on everything from yachts to expensive artwork, in a fraud allegedly involving former prime minister Datuk Seri Najib Abdul Razak and his cronies. Deutsche is the second big western bank … [Read more...] about US investigates Deutsche Bank on 1MDB work
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Before we head to the polls to vote for our senatorial bets, we want to pose a question to all constituents: do we really know what we want out of the personalities we will elect? What does it really mean to earn a seat in our senate halls? In this series of ANCX essays, some of our distinguished writers reflect on the careers of past and present senators who have made the most impact, and created a significant difference. In the Philippine political arena, the name Magsaysay is blue blood. But unlike other local political families, it represents humility and integrity. While he is political royalty, former Senator Ramon “Jun’’ Magsaysay did not sit on his family’s laurels. Instead he made his own legacy, and took the path less travelled when it was easier to just give in to pressure. Armed with impressive credentials and an untainted reputation, Magsaysay took on Senate investigations that a lesser equipped lawmaker … [Read more...] about The Last Good Senator: Ramon Magsaysay, Jr.
By Bruce Arthur Sports Columnist Tues., April 30, 2019 Pascal Siakam was pondering. He acknowledges Joel Embiid is a challenge, because that’s obvious. Embiid might be wheezing, overweight and, in Game 2 of this Raptors-Sixers second-round series, suffering from what he succinctly termed “the s----.” But the Philadelphia centre is still a holy terror defensively, able to leap out, get fooled, and still recover to the rim to block out the sun. As Raptors centre Marc Gasol said, “We know once the ball gets there and gets into the paint, a lot of the time Joel is coming.” The 76ers adjusted to Siakam’s near-perfect 29-point opener by putting his fellow Cameroonian on him Monday night, because the math worked. Siakam is most effective when he beats someone to the rim; Embiid is a seven-foot monster there. Siakam shot 9-for-25 in Game 2, often against Embiid. He pondered a solution. “Obviously he’s bigger than me, but … [Read more...] about The Sixers’ answer to Siakam’s big opening game was to put a fellow Cameroonian on the Raptors star
By Emma Teitel National Columnist Mon., April 29, 2019 Marcella Zoia — aka “Chair Girl” — aka the woman recorded throwing a chair off a high-rise balcony onto an expressway in February (miraculously killing no one) is back in the news again. Zoia’s lawyer, Gregory Leslie, appeared in court last week and went to bat for the 19-year-old who stands charged with mischief endangering life, mischief damaging property, and common nuisance. Leslie told the press he’s hoping his client gets a second chance in the form of a discharge. Why might she deserve one? “She’s a young lady that was put under a lot of peer pressure and made a mistake,” Leslie told reporters in February about what might have compelled Zoia to hurl a chair into the air one grey Toronto morning. Article Continued Below As to her less-than-repentant demeanor when she appeared in court (Zoia was filmed smiling for the cameras in February), … [Read more...] about ‘Chair Girl’ doesn’t seem to shy away from her bad reputation on Instagram
The government is expected to present to the Cabinet tomorrow a Bt20-billion economic stimulus package. Finance Minister Apisak Tantivorawong had said earlier that the fresh cash injection was necessary to shore up the economy during the period of political transition before the new government takes office. The Election Commission (EC) has promised to announce the outcome of election in May but legal hurdles and doubts over the EC’s integrity have raised questions about the legitimacy of the next government. “Bad political institutions or bad rules of the game would constrain economic potential. The outlook is bleak,” said Pairoj Vongvipanond, a former dean of Chulalongkorn University’s Faculty of Economics. The Thai economy is already faced with structural issues such as an ageing society, which means fewer people are entering the workforce, according to Pairoj. Many institutions such as taxation need to be reformed, but the … [Read more...] about Amid glum outlook, experts warn stimulus packages not a panacea for economic ills