Around here which is this is one malaysia or development it was essentially the governments Investment Firm right which was set up to encourage outside development and investment into malaysia thats why it was set up was back in 2009 it was the then Prime Minister. Who was in charge of this right and he actually was on that Advisory Board headed up the whole idea was were going to bring investment into the country sounds good the problem is it didnt do that instead it was wound up creating massive amounts of debt running up about 12000000000. 00 in debt brought almost no development into the country did things like you know try to buy a private power plants but again it drove up debt and now what weve learned of course is that it was actually sitting off a huge amount of this money it was being misappropriated and going to elected officials and bankers at Goldman Sachs and now it was that Investment Fund that authorities say. Was the focus of massive amounts of theft what can you tell
Like you know try to buy a private powerplants but again it drove up debt and now what weve learned of course is that it was actually sitting off a huge amount of this money it was being misappropriated and going to elected officials and bankers at Goldman Sachs and now it was that Investment Fund that Authorities Say was the focus of massive amounts of pfeffer what can you tell us about that. A lot so essentially yeah when we say massive amounts of theft were talking about about 4500000000. 00 stolen out of this fund just that number alone is a stunning number right. 8000000000. 00 is what originally flowed in 4500000000. 00 was misappropriated going again to all kinds of government officials you know the Prime Minister himself was was a recipient of a gift of about 680 1000000. 00 which after he was removed from office in 2018 he says that well that was repaid it was given back the whole thing was just an absolute disaster and essentially what we know is that this money flowed around
But 19 we take a look around the globe to check on the spread of the virus with a packed show today so lets dive in. And chinas new National Security law is having a huge impact on businesses and finance in hong kong as we have been telling you the new National Security law which took effect on tuesday is aimed at banning secession subversion terrorist activities and collusion with Foreign Forces to endanger National Security now but now it appears that millions of companies that do business in hong kong as asias Financial Center could be in danger of violating that law now that could mean penalties ranging from fines to having funds confiscated Chinas Ministry of Foreign Affairs says that those who follow the law have nothing to worry about in the hong kongs National Security law regulates or types of criminal acts that seriously major National Security punish a very small not. Protect the vast majority the rights and interests enjoyed by a large number of hong kong residents and fore
This is the us the one business show you cant afford to miss something. In washington coming up a former Morgan Stanley chairman says the u. S. Dollar will almost certainly crash thanks to Government Debt and right now more than ever and as we look at our church reopen well tell you just how much money is that stake and what both pandemic hollywood may look like have a packed show for you today so lets go and dive right in. Big news for one of the Fastest Growing messaging companies in the world as russia has now officially lifted the ban on the private messaging Service Telegram russian Officials Say the ban was lifted after the company showed willingness to help with counterterrorism efforts telegram is a messaging company with over 400000000 active monthly users and it had been banned in russia. 20 teen Communications Watchdog common a odd source said in a statement ross codd the war is dropping its demands to restrict access to Telegram Messenger in agreement with russias general P
A world transformed. What will make you feel safe from. High salacious community. Are you going the right way or are you being led so. Direct. What is truth what is faith. In the world corrupted you need to descend. To join us in the depths. Maybe in the shallows. This is boom but no one business show you care to afford to miss branch of the. And washington coming up on the show the future of tick tock is in doubt as the United States government is barring the afferent operating in the country this tough comes in the wake of india blocking the Chinese Company we bring you up to speed plus going to a bank has been slapped with a fine for its association with the late Jeffrey Epstein but will it make a dent in the company and later brazils president has tested positive for the corona virus is the nation has surged to become one of the new epicenters of cope at 19 we take a look around the globe to check on the spread of the virus with a packed show today so lets dive in. And chinas new N