Ganesh Sahathevan

by Ganesh Sahatevan  Standard Chartered Bank Singapore may have assisted in the laundering of 1 MDB's funds by Avestra Asset Management, the small Australian company entrusted with some USD 2 billion of 1 MDB's funds. The extracts below are from the 2013 Annual Report of the BursaMalaysia listed DVM Technology Bhd    The details are from the analysis of Top 20 Shareholders ,and show details of the registered shareholder and number of shares held. i) Cartaban Nominees (Asing) Sdn Bhd  STANDARD CHARTERED BANK SINGAPORE FOR AVESTRA ASSET MANAGEMENT LIMITED (WORBERG GBL FD)  6,050,000  ii) Cartaban Nominees (Asing) Sdn Bhd  STANDARD CHARTERED BANK SINGAPORE FOR AVESTRA ASSET MANAGEMENT LTD ACCELERATOR FUND (MY011777700027)  2,895,000 Standard Chartered is already the subject of a number of money laundering investigations , some of which have led to mutli-million dollar fines. The DVM Annual Report also includes this detail: i)  M & A Nominee...

by Ganesh Sahathevan The following is an extract from a Monash press release(see full form below) quoting "terrorism expert" and lead investigator Greg Barton: GTReC researchers found Australian militants and terrorists frequently consulted and consumed online extremist material but other factors played far more important roles in radicalising them. Their real world social networks of friends and family, and access to individuals who fought overseas or attended terrorist training camps were far more influential in affecting their thought and behaviour than materials circulating in the virtual world. Lead chief investigator Professor Greg Barton said relationships, in the sense of social networks, belonging, and the allure of an enhanced sense of identity, play an important role in violent. Australian jihadis are said to be very well prepared, and the best equipped for battlefield duties. As reported in The Australian: THERE was something about the six Australians that made t...

Nazifuddin Najib never fails to excite market but will he stay long enough in SerSol? by Ganesh Sahathevan Readers can come to their own conclusions of these matters all of which are in the public domain. In November 2014 Business Times Singapore reported : AUSTRALIAN firm Avestra Asset Management has been managing over US$2 billion of 1Malaysia Development Bhd's monies invested in several Cayman Islands funds. (see full story below)  Subsequently on 22 September 2015 The Australian reported: (ASIC)  alleges that one of the funds into which investor money was channelled, the Avestra Credit Fund, failed to disclose a series of investments that involved conflicts of interest. The largest was $US5.4m, about three quarters of the fund’s assets, loaned in May last year to Zenith City Investments, a company registered in tax haven Seychelles and run by Malaysian businessman Eddie Chai. “The circumstances in which the loan to Zenith was made suggest that it may have been used for an ...