Singapore stalling Falcon Bank and other 1 MDB related investigations to avoid prosecuting Najib

by Ganesh Sahathevan 


Hsien Loong and Najib 

The Singapore Government's investigation into Falcon Bank and other 1 MDB related matters is said to have been stalled by the Government so as to avoid the complication of prosecuting or implicating in a prosecution a sitting head of government, particularly one from an ASEAN country.

The above information from sources familiar with the communications  via   highly placed back channels  explains why Singapore has not acted against Falcon Bank even though it has already taken very stern measures against BSI, the other Swiss private bank involved in the 1 MDB matter.

Readers will recall that Falcon Bank has been directly involved in the flow of funds from 1 MDB to PM Najib Razak. In addition it has as its chief investment officer a person who is unlikely to have ever been approved by the Singapore Ministry of Finance to work in the Singapore financial sector.


It is the Singapore Government's own words and actions against BSI that raised questions about its lack of action against Falcon.
Mr Ravi Menon, Managing Director, MAS, said, “BSI Bank is the worst case of control lapses and gross misconduct that we have seen in the Singapore financial sector. It is a stark reminder to all financial institutions to take their anti-money laundering responsibilities seriously. Controls need to be robust, surveillance vigilant, and the management culture must emphasise professional integrity and risk consciousness.” 

to KL from Singapore during the Chinese New Year holidays. Clearly negotiations have been going on in earnest and it is becoming clearer that all involved are doing whatever they can to avoid prosecuting Najib.However, with so many tentacles, one can never tell what this beast might do, and from where. 1 MDB is light years ahead of  anything Singapore had in place with, for example  the  Burmese junta; or with Nuri Holdings. 

END 



Monday, February 8, 2016


PM Najib's NR1 makes lightning visit to Kuala Lumpur, and returns to Singapore very early Tuesday morning





by Ganesh Sahathevan


PM Najib's official plane, callsign November Romeo 1, left Singapore early Monday morning (Malaysian time) having been on the ground at Changi, and possibly Batam, for just under 24 hours.

NR 1 appears now to have left Kuala Lumpur at around 1 am this morning (Tuesday, 9 February 2016) ,headed south again.The flight path shows that it is likely to have been headed for  Changi or Batam. 


Inline image 1
These now repeated, frequent and sudden visits come at a critical point of time in Singapore's ongoing investigation into the 1 MDB saga. It is becoming more likely  that these trips  related to the 1 MDB matter.


























Saturday, February 6, 2016


PM Najib's NR1 makes lightning weekend trip to Singapore:Singapore Government's 1 MDB cover-up no longer tenable

by Ganesh Sahathevan

Malaysian PM Najib has made an unexpected quick trip to Singapore, arriving at Changi Airport 
on Saturday afternoon at approximately 3 pm in the afternoon. The Airbus 319 ,call sign NR1 appears to have come down from somewhere off the east coast of the peninsular,from where it overflew Batam enroute Changi Airport.
This sudden visit comes at a critical point of time in Singapore's ongoing investigation into 
the 1 MDB saga. It is fair to assume that this sudden lightning visit is related to the 1 MDB matter.






Reference 

Successful prosecution of Gerald Fernandez & Fr Joachim Kang suggests that Singapore's prosecution of Yak Yew Chee & 1 MDB theft is not credible

Singapore Government can no longer pretend that Najib Razak is not a person of interest : Singapore cannot say it does not know where US$530 million went to

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  1. Dr Purva PiusJuly 6, 2016 at 7:32 AM

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