1 Comment

Banking institutions and the laws and legislators that support secret and numbered banking services are themselves by definition money launderers. Just because they are a state actor in this field it does not absolve them from their criminality (a definition they apply to others in the business).

Singapore banked Lo Hsin Han the late Burmese warlord and world's largest opium grower and heroin manufacturer in their banks with his ill gotten gains from peddling his human misery. At the same time Singapore was hanging his mules in Changi jail by the dozen for what it defined as a capital offense for assisting Lo by carrying his poison for a small gain.

In fact Singapore even partnered Lo Hsin Han in a number of joint ventures with Tamesek (the Singapore government investment fund) in a number of hotel developments (including the legendary Strand Hotel in Rangoon).

They also banked the late Ferdinand Marcos, Suharto and his family, the Sutanto family and Liem Soei Liong, all Indonesian billionaires with bloody hands.

Now hows that for justice, morality and the rule of law?

Expand full comment