Saturday, June 30, 2018

SC decides who pays how much for what: SC was directly responsible for 1MDB bond pricing, FGV overpriced asset purchases;heads must fly

by Ganesh Sahathevan

sprm_fvg_600
MACC to probe corruption claims at Felda Global Ventures.If
probe is thorough, the SC's involvement will become painfully 
obvious,even as tha MACC and SC investigate 1MDB together.



The Securities Commission Malaysia plays an over-riding , over-arching role in all capital market transactions in Malaysia.

The SC has almost since its inception exerted its powers of approval to decide who pays how much and for what.

The SC ,disregarding the law, decided that applications for anything could only be made via its choice of merchant bankers.

The  SC has for very long time held court, together with its coven of bankers, becoming more and more a market player rather than a mere regulator.


For all of the above reasons and more, the SC and its entire team of senior managers,from executive chairman Ranjit Singh down,must be sacked and investigated for the their part  in the 1MDB bond fiasco,and the Felda-FGV acquisitions.

END 
References

Goldman tested the limits of banking morality with huge fees from 1MDB(Comment:This could only happen with the SC's collusion)

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