PAC chief’s head must roll over Bank Negara’s letter COMMENT | The Public Accounts Committee members were baffled as to why Hasan Arifin had unilaterally deleted sentences from the finalised PAC Report on 1MDB which quoted Bank Negara which disclosed that the “ultimate beneficiary of Good Star Limited is an individual not related to Petrosaudi… Continue reading PAC chairperson no longer trusted, MUST RESIGN!
Month: May 2016
Is there a conspiracy to cover-up info on real ownership of Good Star?
Kit Siang: Hasan caught lying again on 1MDB Report Hasan Arifin has taken more than a month to think of an excuse to justify his “unilateral and arbitrary” deletion in the PAC Report on 1MDB. KUALA LUMPUR: DAP Parliamentary Leader Lim Kit Siang wants to know whether Hasan Arifin, the chairman of the parliamentary Public… Continue reading Is there a conspiracy to cover-up info on real ownership of Good Star?
Malaysia letters deepen mystery over fate of 1MDB cash – Financial Times
Malaysia letters deepen mystery over fate of 1MDB cash The fate of more than $1bn paid out by Malaysia’s scandal-hit 1MDB state investment fund has come under a fresh spotlight after leaked central bank letters suggested it went to a mysterious offshore company controlled by a flamboyant young financier. The company in question is the… Continue reading Malaysia letters deepen mystery over fate of 1MDB cash – Financial Times
Swiss approve dissolution of bank linked to 1MDB scandal
Najib Razak 1MDB scandal: Swiss approve dissolution of scandal-hit bank Swiss financial regulators have approved the dissolution of Lugano-based BSI Bank over its links to a corruption scandal engulfing Malaysia’s Prime Minister Najib Razak. Swiss supervisor FINMA accused BSI, a merchant bank, of “serious breaches” of money-laundering regulations in its dealings with the Malaysian sovereign… Continue reading Swiss approve dissolution of bank linked to 1MDB scandal
How Malaysia’s 1MDB probe was flawed
How Malaysia’s 1MDB probe was flawed Investigations ordered by Malaysia’s leader into graft allegations at a state-development fund have been undermined by political pressure and a lack of transparency, according to documents and interviews with people involved. Evidence possibly central to the probes was placed off limits or ignored, The Wall Street Journal found. Potentially… Continue reading How Malaysia’s 1MDB probe was flawed
Malaysia 1MDB investigations didn’t examine key evidence, interview Najib: WSJ
Malaysia 1MDB investigations didn’t examine key evidence, interview Najib: WSJ Malaysia’s investigations into troubled state-development fund 1Malaysia Development Berhad (1MDB) didn’t examine key evidence or interview Prime Minister Najib Razak, the Wall Street Journal reported. Najib, who was chairman of 1MDB’s board of advisors as well as Malaysia’s finance minister, had ordered the auditor general… Continue reading Malaysia 1MDB investigations didn’t examine key evidence, interview Najib: WSJ
1MDB scandal starting to unravel in foreign legal jurisdictions
1MBD Starts to Come Apart MAS probe probably will be followed by charges in other global jurisdictions The decision on May 24 by the Monetary Authority of Singapore to force the closure of BSI Bank Ltd – the first merchant bank to be closed in Singapore in 32 years – means that after months of… Continue reading 1MDB scandal starting to unravel in foreign legal jurisdictions
Singapore probing complex transactions involving ‘many shell companies’ in 1MDB case
Singapore probing complex transactions involving ‘many shell companies’ in 1MDB case SINGAPORE authorities are probing “complex and layered transactions” with “cross border elements” involving many shell companies in their investigations into 1Malaysia Development Berhad (1MDB), according to prosecutors here. This was revealed by Singapore’s chief prosecutor Tan Ken Hwee at the third mention in the… Continue reading Singapore probing complex transactions involving ‘many shell companies’ in 1MDB case
Swiss Open Criminal Proceedings Against BSI Over Malaysia Fund Allegations – NY Times
Swiss Open Criminal Proceedings Against BSI Over Malaysia Fund Allegations GENEVA — The authorities in Switzerland said on Tuesday that they had begun criminal proceedings against one of the country’s oldest banks, BSI, after allegations that it had laundered huge sums for “politically exposed” individuals linked to a scandal-plagued Malaysian state investment fund. The Swiss… Continue reading Swiss Open Criminal Proceedings Against BSI Over Malaysia Fund Allegations – NY Times
Singapore shuts bank unit linked to 1MDB as Swiss open criminal proceedings – Reuters
Singapore shuts bank unit linked to 1MDB as Swiss open criminal proceedings Singapore’s central bank on Tuesday ordered BSI’s operations in the city-state to close down as Switzerland opened criminal proceedings against the private bank based on its investigation into transactions by Malaysia’s troubled state fund, 1MDB. The Monetary Authority of Singapore (MAS) said it… Continue reading Singapore shuts bank unit linked to 1MDB as Swiss open criminal proceedings – Reuters
For A Better Malaysia 