Today, Ivory Property has fallen to PN17 status.) Even if the investors’ losses were less than RM300bn, the amount involved was staggering and rival if not dwarf the sums involved in the 1MDB losses. The only difference is that these losses hit individuals whereas 1MDB hurt the national kitty. This raises the question why no serious action was taken earlier to nip the MBI scandal in the bud. Weren’t the authorities aware of what was going on, given that MBI was operating in broad daylight in the heart of George Town?