A new allegation :BSI alleges Arul Kanda, 1 MDB, may have tried to pledge assets already charged to the Deutsche Bank consortium

by Ganesh Sahathevan

The following are extracts from the Sarawak Report investigative news site.



An extract from a letter sent by Swiss bank BSI to its employee, Yak Yew Chee:



HansPeter Brunner and his legal team parried for months with Yak, trying to get him to cooperate in informal talks at the bank


An extract of  Yak Yew Chee 's response to his employer:

Yak explains his position on why he did not tell his bosses about the 'security check', which was plainly the security Deutsche Bank obtained on the Brazen Sky account for its billion dollar loan to 1MDB
The context,and note references to "November accounts" while the above letter refers to a Notice Of Security received in September 2014:




1MDB ‘gave false bank statements on subsidiary’s accounts’


1MDB ‘gave false bank statements on subsidiary’s accounts’
1MDB CEO Arul Kanda supplied documents to various authorities to show how a sum of S$1.455 billion has been redeemed in cash from 1MDB subsidiary Brazen Sky’s offshore fund in the Cayman Islands and stored in US currency in BSI. PHOTO: REUTERS

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