Ganesh Sahathevan

by Ganesh Sahathevan It has been previously reported on this blog that the US has been criticised in Malaysia for not probing Goldman Sach’s role in the 1MDB scandal. As was then reported : The Foreign Corrupt Practices Act of 1977, as amended, 15 U.S.C. §§ 78dd-1, et seq. ("FCPA"), was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business ( http://www.justice.gov/criminal/fraud/fcpa/ ). Goldman's client in this case was the Malaysian Government and/or an agency it owns and controls, 1Malaysia Development Bhd. Yesterday the Swiss Attorney General issued a press statement in which he alleged:  “The sum suspected to have been misappropriated amounts to around USD 4 billion… So far it has been ascertained that a small portion of the money was transferred to accounts held in Switzerland by various former Malaysian public officials and both former a

by Ganesh Sahathevan This was reported in Malaysia last night : On the two investigation papers on SRC International, Apandi said there were no evidences to prove that Najib had any knowledge nor had he given any approval for the transfer of the monies from the account of SRC International into his personal accounts. However, new ANZ CEO Shayne Elliot said earlier this month: Elliot has told Australian media that the AMMB money laundering issues "predate" his appointment to the AMMB Board on 18 June 2013. Elliot told the Sydney Morning Herald : Elliott says the issues largely predate his time on the board. The experience of serving on the board has been a good one, he says, while acknowledging that in fulfilling his fiduciary duty, his directorship is taking up time and creating a potential distraction but he does not expect his duties to increase. However, the transactions, as detailed by Sarawak Report, which clearly did not "predate" Shayne Elliot's time

by Ganesh Sahathevan The timing is hard to miss.Just as the witless Michael Keenan arrives in Kuala Lumpur seeking 'regional cooperation' on terrorism , two video confessions   by Villawood detainee Siru Azhar Umar are  released over the Net , in which he effectively concedes that his conviction for murder handed down in Malaysia is not tainted, as he has previously claimed.  He has this far given the impression that he was merely acting under orders from his superiors, ultimately the Prime Minister Of Malaysia Najib Razak, to merely dispose of the body of Altantuya Shaaribu, a Mongolian woman whose remains were discovered in a Malaysian nature reserve. Consequently his application for a protection visa ,the success of which was tenuous at best, is now more likely than ever to fail. As previously explained on this blog Sirul Azhar has no choice but to implicate Najib Razak if his application for a Protection Visa is to succeed . In his two videos Sirul has on the other hand sai

by Ganesh Sahathevan ANZ 's AMMB misadventure has taken a turn for the worse  with this revelation from the investigative news site Sarawak Report: We are now able to disclose that the first of those series of payments, totalling US$170 million came from Blackstone Asia Real Estate Partners Limited (BVI) and it was supported by the very same identical letter of guarantee provided by the bogus sheikh‘Saud Abdulaziz Majid al-Saud’, which also backed the later US$680 million ‘donation’ via yet another off-shore BVI company, Tanore Finance Corporation, in 2013. As we have detailed, Saud Abdulaziz Majid al-Saud has turned out not to exist and the series of identical letters provide no details of his address or credentials. It is important to remember that when deposits as large as US$ 680 million are involved (in Malaysian Rinngit terms about RM 2.6 billion) the depositor or account holder becomes a business partner of the bank in a very real sense.What more in this case where the a

by Ganesh Sahathevan It has been previously reported on this blog that Standard Chartered Singapore had been implicated in the laundering of 1 MDB's Cayman funds . Sarawak Report has now provided evidence of further Standard Chartered involvement in the ever grwoing 1 MDB debacle. The SR report includes the remittance statements below and the comment: Insiders have confirmed to Sarawak Report that these payments were regarded as kickbacks linked to (the ex-Chairman of Abu Dhabi’s Aabar fund, Khadem al Qubaisi's) involvement in 1MDB The full story accessible in Malaysia at the link below alleges that payments were also made to the Prime Minister of Malaysia, Najib Razak: NEW 1MDB BOMBSHELL — Second Jho Low Company Paid Hundreds of Millions To Both Najib Razak AND Khadem Al Qubaisi — EXCLUSIVE! Standard Chartered  remains silent. END

by Ganesh Sahathevan Sarawak Report has today made further allegations about Najib Razak   and in doing so repeated the allegation that investigation papers show one  Saud   Abdulaziz   Majid   al - Saud to be the source of Najib's USD 681 million donation (see article below).  Neither Najib Razak nor the Malaysian Government have denied that " Saud   Abdulaziz   Majid   al - Saud" is the source of funds on record.  There are therefore reasonable grounds to believe that  Saud   Abdulaziz   Majid   al - Saud is in fact the source of funds and as Sarawak Report disclosed, the Al-Saud whose name most closely matches the name on record is  HRH Prince   Abdulaziz   bin   Majed   bin   Abdulaziz   Al   Saud.the  former Governor of Medina. The prince  has his own charity named after his father, . The Society of  Majid  Bin  Abdulaziz  for Development and Social Services . It is run professionally and i s concerned only with  the well being of  Saudis.It is therefore unlikely th