But in USA Congressional and Senate hearings, evidence of massive fraud and financial mismanagement surfaced. All the CEOs had to offer, while lying blatantly with a poker faces, is that they had been sincere in their dealings and decisions i.e. $700 billion dollars of it. If sincerity were gold, there would be another Klondike-like stampede among the "financial experts" in USA and Europe to trade and gamble on it, while blaming China if they lost money.
8. We should not forget how Sime Darby had to write-off over RM4 billion in its power & energy forays in Saudi and the Middle East. All the JV contracts were one-sided and drafted in Arabic which were badly translated, and proper due diligence was sacrificed to satisfy "more speed, less haste national service" calls by Badawi and Najib. Sime lost its case in the Saudi courts. Something like this is likely to surface if any of 1MDB's overseas investments in JV with PetroSaudi, Abu Dhabi or Qatar goes sour. Najib is bending so low in courting the Arabs as to shamelessly expose his total nakedness.