1 MDB & ANZ: Malaysia's AG , and now Singapore prosecutors, provide evidence against Shayne Elliot's "I was not there" defence
by Ganesh Sahathevan
ANZ 's Shayne Elliot has now told the Financial Times that he was not a director of AMBank when this transaction took place:
As FT reported it:
"Boards don't review account-opening documents and look at suspicious transaction reporting, obviously, so there was nothing that I saw," said Mr Elliott, who was on AmBank's board between June 2013 and October 2015. "Of course we are nervous about it. But again there is a limit; we just can't turn up and demand things," he added.
ANZ 's Shayne Elliot has now told the Financial Times that he was not a director of AMBank when this transaction took place:
As FT reported it:
"Boards don't review account-opening documents and look at suspicious transaction reporting, obviously, so there was nothing that I saw," said Mr Elliott, who was on AmBank's board between June 2013 and October 2015. "Of course we are nervous about it. But again there is a limit; we just can't turn up and demand things," he added.
Not only was Elliot on the board at the relevant time, but he misleads with regards the board's role in accounts such as Najib's.
The fact is, in Malaysia, especially where a VIP's account is involved, the board do review account-opening documents, and if not are made aware of the fact. Where large amounts (in most cases anything over RM 1 million) are involved, the board are very interested to know how much,when and where, so as to ensure that their bank (and they themselves) do not miss out on any deals that might be done with the large deposit.
That the outflow of funds from SRC was criminal in nature is now beyond doubt, given the evidence that is still being presented before a court in Singapore.
In any case, Malaysia's Attorney General provided damning evidence with regards SRC, AMBank, and Shayne Elliot earlier this year, even if he did not intend it.
END
JAN
27
Malaysia's AG reveals further evidence of wrong doing while ANZ's Elliot was still an Ambank director :Sarawak Report analysis suggests AMbank's ANZ led management were willing participants
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 on on AMMB Board:
Transfers this year in February from SRC into Najib’s personal account
Najib now points finger at AMBank, ANZ, and Shayne Elliot.
And now, Sarawak Report provides an analysis of documents that Malaysia's Attorney-General Apandi inadvertently disclosed even as he proclaimed Najib Razak's innocence:
Bungling AG Gives Away MORE EVIDENCE
At Press Conference Meant To Clear Najib! EXCLUSIVE
For clarity Sarawak Report has drawn up its own version of the chart based on our best possible identification of the figures, below:
Clearer version of the chart drawn up by Sarawak Report
The MACC document, while unclear in certain details, plainly shows how a total of RM33 million was shifted from SRC (which had received an original loan from the KWAP pension fund) between PPB and its subsidiaries, before being sent into Najib’s AmBank account numbers 2112022011880 and 2112022011906 in July and August 2014.
These transfers are entirely separate to the payments of RM42 million into the same accounts later in December and then the following February, which came through separate companies named Ihsan Perdana and Gandigan Mentari and have already been admitted to by Najib.
The chart also confirms separate reports published by Sarawak Report in August last year and followed up last week, detailing how this SRC money had been used to pay two credit cards used by the Prime Minister on his European holidays in 2014.
The above transactions occurred between the dates relevant to Elloitt,
18 June 2013 and 18 October 2015, when he served as a director on the AMBAnk board.
.For reference see also :
ANZ & MD Shayne Elliot's AMMB money laundering problem worsens: ANZ & Elliot led management accepted as genuine letter from a non-existent Saudi royal
Posted 27th January by Ganesh Sahathevan
27
Malaysia's AG reveals further evidence of wrong doing while ANZ's Elliot was still an Ambank director :Sarawak Report analysis suggests AMbank's ANZ led management were willing participants
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 on on AMMB Board:
Transfers this year in February from SRC into Najib’s personal account
Najib now points finger at AMBank, ANZ, and Shayne Elliot.
And now, Sarawak Report provides an analysis of documents that Malaysia's Attorney-General Apandi inadvertently disclosed even as he proclaimed Najib Razak's innocence:
Bungling AG Gives Away MORE EVIDENCE
At Press Conference Meant To Clear Najib! EXCLUSIVE
For clarity Sarawak Report has drawn up its own version of the chart based on our best possible identification of the figures, below:
Clearer version of the chart drawn up by Sarawak Report
The MACC document, while unclear in certain details, plainly shows how a total of RM33 million was shifted from SRC (which had received an original loan from the KWAP pension fund) between PPB and its subsidiaries, before being sent into Najib’s AmBank account numbers 2112022011880 and 2112022011906 in July and August 2014.
These transfers are entirely separate to the payments of RM42 million into the same accounts later in December and then the following February, which came through separate companies named Ihsan Perdana and Gandigan Mentari and have already been admitted to by Najib.
The chart also confirms separate reports published by Sarawak Report in August last year and followed up last week, detailing how this SRC money had been used to pay two credit cards used by the Prime Minister on his European holidays in 2014.
The above transactions occurred between the dates relevant to Elloitt,
18 June 2013 and 18 October 2015, when he served as a director on the AMBAnk board.
.For reference see also :
ANZ & MD Shayne Elliot's AMMB money laundering problem worsens: ANZ & Elliot led management accepted as genuine letter from a non-existent Saudi royal
Posted 27th January by Ganesh Sahathevan
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