Random Thoughts : Finders Keepers ?
We like to read all these stories of crimes and punishment which are becoming a daily staple in the papers. It is virtually impossible to keep up with the number of corruption cases in China where some are hung and the rest jailed. Punishment for corruption varies but stuff like melamine in milk attracts death by firing squad.
Thus when I read about the case of the EUR 20 billion unclaimed cash in the Russian airport that is purportedly Saddam Hussein’s which has been left there for 6 years, I start to wonder who will own that money in the end ?
It should belong to the state, I believe. Which state ? Russia ?
Then what about the Chinese officials ? All serving their jail terms.
Another one was sent to jail for 3 years for her 160 million property portfolio accumulated illegally. Whilst another was convicted for bribery and a collection of luxury timepieces. Not to mention the washed out Bo Xilai trial and his indictment for 4.4 million in embezzlement. Surely he is worth more than that ?
What happens to their wealth ? To the state, I suppose.
I hear about luxury cars amongst other items purchased and never collected from the merchants. I wonder who gets to keep those ?
or who gets to keep the uncollected wallets:
Kudos to Mumbai !
I wonder if they would try it out here in the far east ? Singapore should aim for this test. We will probably be the perfect score.
Sorry, for Singapore perfect score means all wallets returned or no wallets?
I think another test would be to get one of your ex-colleagues at that big bank you worked for to leave a wallet on different trading and sales desks. I wonder how many wallets would be handed in? My guess is none on any desk, but we will only know for sure if the test is done.
I would beg to differ.
What is a wallet compared to the endless karma (and bonuses) you would receive for returning it ? In fact you may even get the wallet back with an extra 50 bucks in it.
It is the Singaporean style. But you only see their true colours when they drive.
Hello Tradehaven, Any thoughts on the 3Y Centurion debt paper issue?