Ganesh Sahathevan

by Ganesh Sahthevan The following statements have just been published on the Sarawak Report investigative news site. The allegation is clear; that Villawood detainee Sirul Azhar is being coerced into making recorded statements which are clearly detrimental to his own case but obviously useful to Malaysian Prime Minister Najib Razak, just like Swiss national Xavier Justo who is being held in a prison in Thailand. These recordings could not have been made without the express permission on the SERCO who manage Villawood, and the Minister for Immigration Peter Dutton. For background and context see Latest Sirul Azhar "Expose from Villawood" suggests Dutton, SERCO ,Turnbull complicit in Sirul's works;raises questions about payments to a person while in detention END  13 FEB 2016 11 Sirul, You Said It - So How Come It's A Lie? 13 FEB 2016 13 FEB 2016 Sirul and Justo - Jailbirds Who Are Forced To Sing Former police commando Sirul Azhar Umar has allegedly revealed the names ...

by Ganesh Sahathevan Villawood detainee Sirull Azhar continues to be assisted by SERCO and Immigration Minister Peter Dutton with his video productions, all of which appear to weaken his case for a protection visa in Australia. It is likely that promises have been made, and that payments have been received even while he remains in detention. The matters raised in these earlier posts provide background and context. However, see first  Sirul Azhar Umar has become hot property: Evidence that Jho Low may have created the market END Peter Dutton & Australian Border Force put VIllawood detainee Sirul Azhar in danger :Dutton,Serco ignored evidence of their error,intelligence failures by Ganesh Sahathevan The Australian reported on 3 November 2015: A visit from a delegation of Mal­aysian political figures has prompted a security crackdown on one of the country’s most well-known detainees, Sirul Azhar Umar, amid fears the former bodyguard to Malaysia’s political elite was being pressu...

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: An extract of  Yak Yew Chee 's response to his employer: 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 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 mail print PUBLISHED: 4:17 AM, APRIL 30, 2015 KUALA LUMPUR — A whistleblower website has claimed that debt-ridden state investment vehicle 1Malaysia Development Berhad (1MDB) gave false bank statements pertaining to its subsidiary’s accounts to the Singapore branch of BSI Bank. 1MDB CEO Arul Kanda supplied docu...

by Ganesh Sahathevan Reuters reported three weeks ago that " Switzerland's BancaStato has emerged as a prospective buyer of BSI, the Swiss private bank bought last year for $1.3 billion by Brazil's embattled Grupo BTG Pactual SA ( BBTG11.SA )". Reuters also reported that "BTG Pactual has been selling various assets to raise cash and restore investor confidence after billionaire founder André Esteves was arrested in November in connection with a corruption probe in Brazil ." Now, adding to BSI's already colourful antecedents and complicating matters are these revelations (see story below)  by the investigative news site Sarawak Report, which implicates BSI's senior management , including CEO Dr Alfredo Gysi, in  what is fast presenting as  one of the biggest cases of theft, corruption and money laundering to ever come to light. These types of offences have been known to cost banks hundreds of millions if not billions in fines and penalties. Valu...

by Ganesh Sahathevan The following figures (in  Ringgit million ) have been extracted from  Tabung Haji's audited financial statements for the relevant years.  The  figures are from the cash flow statement, not the profit and loss,for the cash flow statement gives a better picture of how much cash a business has gained or lost. In that way it is  more a  objective assessment of a business' performance,for profit and loss numbers are easily manipulated. These numbers show how much cash TH has mostly lost from its ordinary business operations. The "Group" column is a consolidated figure ,summing up cashflow from operations of all the companies TH controls.The "Tabung Haji" column shows what Tabung Haji earns on its own, without counting the companies it controls. We usually look at the Group figure to provide a better overall view of the business,and in this case one can see that in the past 4 years, the Tabung Haji Group had a positive cash flow from operati...

Nick   Leeson  & Barings Bank : Having been extradited from Germany,  Leeson  was convicted by a Singapore court in 1996, pleading guilty to two counts of deceiving the bank's auditors and of cheating the Singapore exchange by forging documents. Arul  Azrul Iskandandar Kandamy & a whole string of banks : Whistle blower  Sarawak Report  today claimed it had been passed "disturbing evidence" showing that Swiss private bank BSI Bank Ltd had dismissed as "false bank statements" documents supplied by 1Malaysia Development Bhd (1MDB) relating to its Brazen Sky Limited accounts. It alleged that the documents which  purported to show Brazen Sky's statement of account in November 2014, were supplied to various authorities by 1MDB CEO Arul Kanda. "However, the Swiss private bank has told the Singapore authorities that the document did not originate from them and does not represent a true account of the assets of the 1MDB subsidiary ," Sarawak R...

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...