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Respect. someone really dare to check their PM's personal bank account! http://www.wsj.com/articles/SB10130211234592774869404581083700187014570 Prime Minister Najib’s bank accounts are scrutinized in probe of investment fund 1MDB. By Tom Wright And Simon Clark July 2, 2015 4:42 p.m. ET KUALA LUMPUR, Malaysia—Malaysian investigators scrutinizing a controversial government investment fund have traced nearly $700 million of deposits into what investigators believe are the personal bank accounts of Malaysia’s prime minister, Najib Razak, according to documents from a government probe. The investigation documents mark the first time Mr. Najib has been directly connected to the probes into state investment fund 1Malaysia Development Bhd., or 1MDB. Mr. Najib, who founded 1MDB and heads its board of advisors, has been under growing political pressure over the fund, which amassed $11 billion in debt it is struggling to repay. The government probe documents what investigators believe to be the movement of cash among government agencies, banks and companies linked to 1MDB before it ended up in Mr. Najib’s personal accounts. Documents reviewed by The Wall Street Journal include bank transfer forms and flow charts put together by government investigators that reflect their understanding of the path of the cash. The original source of the money is unclear and the government investigation doesn’t detail what happened to the money that went into Mr. Najib’s personal accounts. Advertisement “The prime minister has not taken any funds for personal use,” said a Malaysian government spokesman. “The prime minister’s political opponents, unwilling to accept his record or the facts, continue to try to undermine him with baseless smears and rumours for pure political gain.” Mr. Najib has previously denied wrongdoing in relation to 1MDB and has urged critics to wait for the conclusion of four official investigations that are ongoing into 1MDB’s activities. Investigators have identified five separate deposits into Mr. Najib’s accounts that came from two sources, according to the documents viewed by the Journal. By far the largest transactions were two deposits of $620 million and $61 million in March 2013, during a heated election campaign in Malaysia, the documents show. The cash came from a company registered in the British Virgin Islands via a Swiss bank owned by an Abu Dhabi state fund. The fund, International Petroleum Investment Co., or IPIC, has guaranteed billions of dollars of 1MDB’s bonds and in May injected $1 billion in capital into the fund to help meet looming debt repayments. A spokeswoman for IPIC couldn’t be reached for comment. The British Virgin Islands company, Tanore Finance Corp., couldn’t be reached. ENLARGE Another set of transfers, totaling 42 million ringgit ($11.1 million), originated within the Malaysian government, according to the investigation. Investigators believe the money came from an entity known as SRC International Sdn. Bhd., an energy company that originally was controlled by 1MDB but was transferred to the Finance Ministry in 2012. Mr. Najib is also the finance minister. The money moved through another company owned by SRC International and then to a company that works exclusively for 1MDB, and finally to Mr. Najib’s personal accounts in three separate deposits, the government documents show. Nik Faisal Ariff Kamil, a director of SRC International, declined to comment. Mr. Kamil had power of attorney over Mr. Najib’s accounts, according to documents that were part of the government investigation. A 1MDB spokesman said, referring to the transfers into Mr. Najib’s account: “1MDB is not aware of any such transactions, nor has it seen any documents to this effect.” The spokesman cautioned that doctored documents have been used in the past to discredit 1MDB and the government. For months, concerns about 1MDB’s debt and lack of transparency have dominated political discussion in Malaysia, a close ally of the U.S. and a counterweight to China in Southeast Asia. When he founded 1MDB in 2009, Mr. Najib promised it would kick-start new industries and turn Kuala Lumpur into a global financial center. Instead, the fund bought power plants overseas and invested in energy joint ventures that failed to get off the ground. The fund this year has rescheduled debt payments. The Journal last month detailed how 1MDB had been used to indirectly help Mr. Najib’s election campaign in 2013. The fund appeared to overpay for a power plant from a Malaysian company. The company then donated money to a Najib-linked charity that made donations, including to local schools, which Mr. Najib was able to tout as he campaigned. “We only acquire assets when we are convinced that they represent long-term value, and to suggest that any of our acquisitions were driven by political considerations is simply false,” 1MDB said last month. The four probes into 1MDB are being conducted by the nation’s central bank, a parliamentary committee, the auditor general and police. A spokeswoman for Bank Negara Malaysia, the central bank, declined to comment. Malaysia’s police chief and a member of the parliamentary committee also had no comment. The auditor general said this week it had completed an interim report on 1MDB’s accounts and would hand it to the parliament on July 9. The prime minister is facing increasing pressure over 1MDB. The country’s longest-serving prime minister, Mahathir Mohamad, who left office in 2003, publicly has urged Mr. Najib to resign. This week, Malaysia’s home minister threatened to withdraw publishing licenses from a local media group, citing what he said were inaccurate reports on 1MDB. The $11.1 million of transfers to Mr. Najib’s bank account occurred at the end of 2014 and the beginning of 2015, according to the government investigation. Among the companies that investigators say it passed through was Ihsan Perdana Sdn. Bhd., which provides corporate social responsibility programs for 1MDB’s charitable foundation, according to company registration documents. Attempts to reach the managing director of Ihsan Perdana weren’t successful. Documents tied to the transfer said its purpose was for “CSR,” or corporate social responsibility, programs. The Wall Street Journal examination of the use of funds tied to 1MDB for Mr. Najib’s election campaign showed that the money was slated to be used for corporate social responsibility programs as well. The government probe documents detail how investigators believe SRC International transferred 40 million ringgit on Dec. 24 last year to a wholly owned subsidiary. This company on the same day wired the money to Ihsan Perdana, according to the documents. Two days after receiving the money, Ihsan Perdana wired 27 million ringgit and five million ringgit in two separate transfers to two different bank accounts owned by Mr. Najib, the government documents show. In February, 10 million ringgit entered the prime minister’s account, also from SRC International via Ihsan Perdana, the documents show. The remittance documents don’t name Mr. Najib as the beneficiary but detail account numbers at a branch of AmIslamic Bank Bhd. in Kuala Lumpur. Two flow charts from the government investigation name the owner of these accounts as “Dato’ Sri Mohd Najib Bin Hj Abd Razak,” the prime minister’s official name. A spokesman for AmIslamic Bank declined to comment. In another transaction, Tanore Finance, the British Virgin Islands-based company, transferred $681 million in two tranches to a different account at another Kuala Lumpur branch of AmIslamic Bank. The government probe said the account was owned by Mr. Najib, according to the documents. The transfers came from an account held by Tanore Finance at a Singapore branch of Falcon Private Bank, a Swiss bank which is owned by IPIC, the Abu Dhabi fund, according to the documents. A spokesman for Falcon Private Bank declined to comment. The $681 million was transferred to Mr. Najib’s accounts on March 21 and March 25, 2013, the government documents show. Write to Tom Wright at [email protected] and Simon Clark at [email protected]

Let's start with this https://www.straitstimes.com/singapore/courts-crime/ocbc-bank-customer-lost-120k-in-fake-text-message-scam-another-had-250k-stolen Young couple lost $120k in fake text message scam targeting OCBC Bank customers SINGAPORE - It took a man and his wife five years to save about $120,000, but in just 30 minutes, scammers using a fake text message stole the money they had kept in their OCBC Bank joint savings account. The couple in their 20s were among at least 469 people who reportedly fell victim to phishing scams involving OCBC in the last two weeks of December last year. The victims lost around $8.5 million in total. The husband works in the e-commerce sector, while his wife is in the hospitality industry. The man said he received the phishing message with a link at around noon on Dec 21 last year. A 38-year-old software engineer who fell prey to the same scam on Dec 28 told ST that he lost about $250,000 he had been saving since 2010. The father of a young child with special needs said the loss has been devastating, and he has been hiding it from his family. The bank said it has since halted its plans to phase out physical hardware tokens by the end of March this year, and has also stopped sending SMSes with links in them in the light of the spate of phishing incidents. Cyber security expert Anthony Lim, who is also a fellow at the Singapore University of Social Sciences, said scammers have advanced software enabling them to spoof telecommunications services and send SMSes that appear in the same threads used by real organisations. He added that even if victims did not provide their one-time passwords (OTPs), they would have sealed their fate when they entered other bank details on the fraudulent sites. "Once the victim unwittingly responds by entering the bank account credentials, the hackers' technologies can divert and capture a copy of the SMS OTP issued by the bank," he said.

Hi Moderator, i wish to delete mycarforum account with all my info and post. Any members know how to do that? Regards

I hate Uber. I keep getting sms code Everyday cuz someone is trying to hack my account. With a 4 digit verification code, it is only a matter of time before they crack it. I tried cancelling my Uber account but my Uber eats is still active. How do u cancel Uber eats. I have never seen a company so hard to cancel

After all our contributions and govt matching, can we get it back all in CASH after the child turns 12? not much info on this on the website leh

Hi guys, hope this is the right folder to ask. I have been with SCB for about 10 years, have an Xtrasaver chequeing account. Recently they issued a revision to fees and will commence charging $2 per month. Are there any banks that do not charge for chequeing accounts? I seldom use cheques and find it useful when I need, but having to pay $2 per month for something I don't use frequently, I rather not. Any recommendations for free chequeing account appreciated! :)

As the question implies, does anyone know if by going through an in-house loan (dealer or someone else), would HDB be aware of it when you're declaring income looking to buy a HDB/EC? Thanks :)

I've been receiving a number of spam mails from my friends via yahoo account. Seems that quite a number of them kena. It seems that its the server kena hack rather than mailbox password compromised, as one of my friend used complex password containing "#*" also kena while another used all numbers safe and sound. Anyone kena?

http://www.singaporelawwatch.sg/slw/headlinesnews/44136-fail-to-pay-tax-despite-reminder-bank-can-step-in.html Fail to pay tax despite reminder? Bank can step in Share on facebookShare on twitterShare on email Source Straits Times Date 26 Jun 2014 Author Nur Asyiqin Mohamad Salleh SINGAPORE'S taxman and DBS Bank yesterday gave an explanation for a retiree's claim that her bank account was hacked into when she forgot to pay her property tax. The Inland Revenue Authority of Singapore (Iras) said that when a person fails to pay property tax even after a reminder has been sent, it will appoint a bank to use the person's money which it holds to pay on his behalf. DBS added that it will inform the person in writing before it makes the deduction. Both organisations were responding to queries from The Straits Times after retiree Irene Yap, 76, claimed at a Central Provident Fund (CPF) dialogue on June 14 that her DBS account was hacked into after she forgot to pay her property tax. The former teacher said the bank had "scoured" her account for money to give to the Iras, and questioned whether it was ethical. But under Section 38 of the Property Tax Act, banks can pay overdue taxes from money held for or on behalf of the taxpayer, DBS said yesterday. The Iras said when a taxpayer does not pay taxes by the due date, it will send the person a "notice to pay", with a 5 per cent penalty added. "The penalty will be waived if (the) taxpayer has genuine reasons for failure to pay," it said. "A taxpayer who is stretched in his or her finances should contact Iras to work out an instalment plan." The Iras website shows payment must be made within 14 days of the reminder. Yesterday, the Iras said it will appoint a bank to pay taxes owed to the Government by a person only if he does not respond to the "notice to pay'' reminder. The bank is released as agent only after the tax and penalty are fully paid, said its website. At the same dialogue, which was conducted by Member of Parliament Hri Kumar Nair, Ms Yap also claimed she was not able to withdraw money from her CPF Retirement Account (RA). Last Friday, the CPF Board and Senior Minister of State for Manpower and Health Amy Khor cleared the air about her situation. The Board said it will send CPF members who reach their drawdown age a letter to inform them that they can apply to receive monthly payouts from their RA. Ms Yap was notified four months before her drawdown age in 1998, but she did not respond. In 2012, the CPF Board reminded her again that she could start receiving her monthly payouts. Again, they did not receive any instructions from Ms Yap, said Dr Khor. The CPF Board said it is in contact with Ms Yap to help her withdraw her RA savings if she wants to. Ms Yap could not be reached for comment yesterday. be careful hor...................next time any tax also they can take from your bank account...................no need to sign any form one...................but when you need to draw your cpf (technically your own money)........please fill up forms.............no automatic hor............

dear MCF, can anyone advise which is a good business banking account to begin with?

FATCA = Foreign Tax Account Tax Compliance Act I just opened a POSBKids account for my newborn (jointly with myself as the parent) ... and also sent them a copy of the birth cert and they approved the account. then last night I received a letter from DBS with a form asking me to declare that we are non US nationals due to the above agreement signed by SG and US govts. is it that all new accounts in SG must do this self declaration ?? my newborn only got SG birthcert ... where to find non-US passport or identity card to submit ?? and when I opened my DBS account 30 years ago, I am very sure I submitted my Pink IC to them for them to photocopy. any bank staff here can advise if this is just part and parcel of opening a new bank account now ? things getting more and more complicated ....

can consider switching over now since early bird promotion is only valid till 31 Oct. can get 6-month bonus interest of 1% p.a. on top of the base CDA interest rate. got more info here www.posb.com.sg/cda

Share this lobang with you guys, OCBC released a new Deposit account with up to 3.05% interest per annum. Basically: - Base interest - 0.05% interest - Giro auto credit your salary into the account - +1% bonus interest - Pay 3 unique bills either through GIRO or online banking - +1% bonus interest - Spend min $400 on your OCBC credit card(s) - +1% bonus interest Total - 3.05% interest per annum *Bonus interested given up to $50k deposit For more information: If I understand correctly, this should be the easiest to hit criteria for such a bonus interest deposit account.

, since we always use up OA, most people will probably have more in their MA

Received a call from DBS relationship manager touting a new account type which is like an endowment fund. Like to check your opinion on this, seems ok to me. 8 years monthly recurring deposit of a fixed amount say 3000 per mth. After 8 years invested amt is abt 288k. First Payout will be on 15th years, paying the monthly recurring amt x 12 x 10. Using the example of 3000 payout is 360000. On retirement age 65 the second payout of your principal. In summary, investment after 8 years = 288000 First payout after 15 years = 360000 Second payout at 65 years = 288000 Returns of 646 k with 288k investment Your views?

recently i sign for the free trial service but end up they register me as a Pro Plus member which mean i need to pay $14+ every month, tried to cancel using their video guide but all bull s--t... you can never cancel it . and discover many ppl are facing the same problem world wide.. Do not sign for it even for the free trial. can i request the bank to cancel or stop the billing from them? anyone who success in cancel pls advise?

At the current interest rates and property prices what would you do with your ordinary CPF. Seems wise to transfer to special acc.

Made payment for credit card bill today and realised too late that 20 plus purchases made online for Android Apps were actually fradulent. I had warned my son before to be careful and prudent with any Apps purchases. Upon taking a closer look at the statement, I found out that the purchases we made over a few days in February and when asked, my son denied any knowledge of them. Checking his Samsung G2 tonight, I knew he had told the truth. 95% of his Android Apps are all free. Logging in to his Gmail account and checking the history, I found 2 IP addresses which were *unknown. Damage for hacked account and subsequent fradulent use = S$200+. Thank goodness! Hurriedly cancelled the credit card record in Google Wallet and also changed the Gmail password. Most of the transactions were for buying credits for dunno what Zombie Killer game.

Hi Guys, Just got interested in earning some income on the side. Would like to find out if its difficult to open an account for trading? I heard I'll need a CDP account and securities for broking/trading How long does if take for CDP to issue an account number? And would the trading account take a long time too? Just don't want to loose out on some stock tips in case the process takes too long Thanks!

I know that wef 13 Dec, lottery bets placed after 4pm must be $25 min. So today wanted to buy a 24 permutation number for $2 big, but voice recorded message rejected saying that system bet or roll placed after 4pm must be min. $5 which will be $120. Now Singapore Pools also look for high roller! So is it min $25 or what?

guess parts of the 2million were recovered as he came clean, also from the sale and recovery of the porsche GT3 An M1 account manager was jailed six years in total for criminal breach of trust and money laundering. Matthew Yeo Kay Keng, 35, had siphoned $2 million in two years from the telco by selling stolen phones to third parties. RELATED STORIES * Telco sues over 'M1ssing M1llions' Between 2008 and 2010, Mr Yeo misappropriated 3,085 handsets. He created subscription contracts for mobile services supposedly for corporate customers. He then sold off the handsets at close to retail prices to resellers after pretending he would personally deliver the phones to customers. M1 discovered the offenses during an internal reorganisation. Mr Yeo is also said to have told M1 that he also spent the money on a Patek Philippe watch worth $50,000, three Rolex watches worth $8,000 each, and four Audemars Piguet watches worth between $15,000 and $30,000 each. He also bought Porsches and even invested $300,000 in a science-fiction movie project. http://news.asiaone.com/News/AsiaOne%2BNew...028-307465.html

Few months back, there was a problem with hotmail.com server of which when I login to my FB account using hotmail.com e-mail, it rejected me cos my PIN number unable to get through. Been using the PIN for so many years and been rejected puzzled me....... Create another account using Gmail.com and now, I am stuck with 2 FB accounts as the account using hotmail.com suddenly turns alive..... . Had been trying to cancel the hotmail.com account but unable to do so. Seem like there is no 'delete' button on FB to close an account. Anyone can help on how to close one account, thanks ....

Received below email from hotmail, not sure is a true or a scam. Any bros using hotmail received the same email? Dear Account User CONFIRM YOUR WINDOWS LIVE ACCOUNT SERVICES. VERIFY YOUR FREE HOTMAIL ACCOUNT NOW !!! This Email is from Hotmail Customer Care and we are sending it to every Hotmail Email User Accounts Owner for safety. we are having congestion due to the anonymous registration of Hotmail accounts so we are shutting down some Hotmail accounts and your account was among those to be deleted. We are sending this email to you so that you can verify and let us know if you still want to use this account. If you are still interested please confirm your account by filling the space below.Your User name, password, date of birth and your country information would be needed to verify your account. Due to the congestion in all Hotmail users and removal of all unused Hotmail Accounts, Hotmail would be shutting down all unused Accounts, You will have to confirm your E-mail by filling out your Login Information below after clicking the reply button, or your account will be suspended after two weeks for security reasons. * User name: * Password: * Date of Birth: * Country Or Territory: After following the instructions in the sheet, your account will not be interrupted and will continue as normal. Thanks for your attention to this request. We apologize for any inconveniences. Warning!!! Account owner that refuses to update his/her account after two weeks of receiving this warning will lose his or her account permanently. Sincerely, The Windows Live Hotmail Team

As thick as .... millionaires in Spore 2 June 2011 Straits Times SINGAPORE has once again emerged as the country with the highest concentration of millionaires in the world. A total of 15.5 per cent of households here hold more than US$1 million (S$1.23 million) - defined as those with investable assets of over US$1 million, exclusive of owner-occupied property and items like art. Last year, the proportion was 11.4 per cent. Millionaires here are much thicker on the ground here than in second-placed Switzerland, where 9.9 per cent belongs to the club. Qatar was in the No. 3 spot with 8.9 per cent followed by Hong Kong with 8.7 per cent, said a new report by the Boston Consulting Group (BCG). In terms of absolute numbers, the number of millionaire households here grew by almost 33 per cent to 170,000 last year, after jumping 35 per cent a year earlier, placing Singapore ahead of China (31 per cent), Indonesia (26 per cent) and Thailand (25 per cent). Only Australia minted millionaire households at a faster rate - 36 per cent. The United States had the most millionaire households at 5.2 million, followed by Japan, China, Britain, and Germany. Economists and wealth managers cite a number of factors as to why Singapore is experiencing enormous growth in the number of millionaire households. 'Singaporeans saw their wealth surge because of the stronger Singapore dollar, sharp economic rebound and soaring asset prices, including property,' said Bank of America Merrill Lynch economist Chua Hak Bin. 'Openness to foreign talent and wealthy 'new' Singaporeans probably also expanded the number of millionaires.' UBS Wealth Management Research chief investment strategist Kelvin Tay said: 'The starting point for the burgeoning number of millionaire households here lies in the strong fundamentals of these households during the credit crisis.' 'As much as 70 per cent of household assets were sitting in cash. Therefore, not only did these households emerge relatively unscathed from the crisis, they were also well placed to capitalise on the opportunities in both the stock and property markets when real interest rates plunged into deeply negative territory.' A case in point is 65-year-old Felix Ong, former chairman of electronics component firm Seksun, which sold all its assets and business undertakings for $295.1 million to Supernova (Cayman) in 2008. Mr Ong collected a substantial eight-figure sum from the sale, but told The Straits Times his wealth increased further after the stocks, bonds and several properties which he bought during the downturn rose sharply in value. The BCG study showed the wealthy are starting to move more money back into stocks, with 35 per cent of total assets of US$121.8 trillion now parked in equities, up from 33 per cent last year but still four percentage points lower than 2007. The study also highlighted that about 1 per cent of households have 39 per cent of the world's wealth, pointing to increased inequalities after the crisis. 'Income inequality is widening in Singapore,' said United Overseas Bank senior economist Alvin Liew. 'A lot more higher value jobs are created here and if you are in these jobs, you'll be expecting higher wages. On the other side of the spectrum, wage levels of lower-skilled workers have not moved up as fast.' Private bankers say BCG's findings suggest that banks here which cater to the well-heeled are in the right place given Asia's rapid wealth creation. 'While Asian wealth is generated in the recent years, Asian high-net-worth individuals are more conservative in the way they invest,' said Mr Renato de Guzman, chief executive of Bank of Singapore. 'They traditionally like to invest in deposits, equities and property. Increasingly, Asian high-net-worth investors are getting more sophisticated and are diversifying away from US dollars and more into Asian currencies such as Singapore dollars, Korean won and other emerging markets currencies such as the Chinese yuan and Indonesian rupiah.'

Emir Shafri After hours on end at the edge of my seat, I received horrible word. Potong Pasir has fallen. Potong Pasir. The opposition stronghold Potong Pasir. My Potong Pasir. Damn. A year ago, I moved to Potong Pasir, and fell in love with it. To me, it represented one of Singapore