Tuesday, January 14, 2020

Thoughts #19: Carlos Ghosn Escaped! Jho Low At Large...

Over the New Year celebration, we received news that Carlos Ghosn managed to escape Japan using a fake passport to board a private jet. He was willing to forfeit c.USD 15m of bail money and probably used a lot more to get himself to Lebanon in ways and means not available to mere mortals. 

Similarly, Jho Low, the mastermind behind usurping billions from Malaysians is still at large, using the billions at his disposal to find countries willing to give him a safe harbour. Money does makes the world go round the way you want it to.

Could this be another side effect of negative interest rates? With so much liquidity around the world, billions fall into the undeserved hands that much easier and these hands use such financial firepower to get what they want. It might take a lot more to truly dispence justice going forward.

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