Saw this in The Star Online minutes ago.
KUALA LUMPUR: The police are investigating the alleged loss of RM19mil by a local bank which had loaned that sum to two companies for the alleged supply of spare parts for MiG-29N fighter jets belonging to the Royal Malaysian Air Force (RMAF), Inspector-General of Police Tan Sri Ismail Omar said Friday.
He said the bank lodged a police report after finding out that the two companies did not exist.
The two companies had allegedly submitted complete documents, convincing the bank to approve the loan.
I'm not an expert in fraud or so, but IMHO, how can a bank borrow such huge sum of money without even checking these companies background throughly? And apparently, to make things even worst, these companies do not exist at all ?!! It's there a cache or something? I've no idea how it went through though.
KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak called on religious experts on Friday to help address the spread of pluralism that, he said, could undermine the faith of Muslims in the country.
Check this out...you might find it interesting
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