The Lugano office of Swiss AG at first issued an ‘order not to prosecute’ over 1MDB in July 2015, AFTER the evidence of Najib’s bank accounts hit world headlines. The order cited there was no evidence of money missing from the fund….
“The injunction will bring the defendants’ vexatious conduct to an end……”
The federal government has banned two Zurich banking professionals because they did not report dirty money. The episode provides a rare insight into a huge money laundering operation…
String of self-contradictions by Goldman Sachs have left its top dogs in a tight spot as they face legal action ….
“Blankfein met privately with Low at least three times before, during, and after the bond deals; Leissner explicitly informed Goldman’s Head of Global Compliance that Low was a key intermediary for 1MDB and a secret fifth deal. Explosive new case puts top bankers at Goldman in the frame……
The man in charge of the Bank of Cyprus at the time that it accepted nearly €6 million from Jho Low was its Vice Chairman Wilbur Ross, now the US Commerce Secretary……
Days after Sarawak Report exposed Jho Low’s first theft of $700 million from 1MDB, the businessman set about covertly obtaining yet another passport and bolt-hole in Cyprus, according to new reports……
Xavier Justo deserves justice and the people of Malaysia deserve their stolen money back from 1MDB. The Swiss ought to stop providing safe haven for the PetroSaudi collaborators and start moving on this case….
Goldman Sachs is facing a major indictment in the United States and criminal charges against 17 personnel issued by Malaysia for actions that are little different to those AmBank are now exposed over, despite the ‘oversight’ of these senior ANZ staff……
Have the ‘Masters of the Universe’ met their match in Tommy Thomas?……
The story of Sarawak’s bonds and the role played by Goldman and Deutsche Bank in the murky finances of the state threaten to be every bit as scandalous as 1MDB and the facts are coming out….
Scandal is starting to focus more on Abu Dhabi. However, authorities there and in Switzerland are at pains to say investigations of 1MDB related individuals are not related to 1MDB. Meanwhile US investigators have continued to take no public action over the Vegas nightclub empire linked to jailed Aabar/IPIC boss Khadem Al Qubaisi…….
The disgraceful ‘disappearance’ of the life savings of Sarawak’s dispossessed land owners at the hands of Sarawak’s top bigwigs deserves a 360 degree investigation by the MACC…..
The pattern of attempting to buy influence in high places by those under scrutiny over 1MDB has extended to Switzerland, according to news reports this weekend……
More on the web of influence buying by Malaysia’s former leaders in the United States using 1MDB stolen cash…….
There is competition in Sarawak as to which egregious kleptocratic scandal rates worst. However the loss of the money given as compensation to Native Customary Landowners after the forced removal of their lands rates very high on the list….
Interesting date lines have started to emerge as AmBank officials detail the history of the 1MDB and SRC accounts managed on the former prime minister’s behalf by people he says set out to dupe him over the origin of the money……
As far as Malaysia is concerned, it just wants its 1MDB money back and the less arguments and excuses from banks, big businesses and billionaires the better……
One of the major banks most implicated in 1MDB is ANZ, yet its role remains unscrutinised by Australia’s regulatory authorities…..
As the Abu Dhabi fund IPIC sets about suing Goldman Sachs, the convicted former CEO and Chair of the IPIC subsidiary Aabar has seen the seizure of his assets in France………
Banks like Goldman Sachs have acted with a sense of impunity. But they won’t fool anyone that they were fooled by Jho Low…..
Evidence that Jamal Khashoggi was apparently paid $100,000 USD, obtained from 1MDB cash, to pen puff pieces promoting ex-Malaysian PM Najib Razak and his wife Rosmah will sadden fellow journalists……..
1MDB moves from banking to expose the dirty world of lobbying, including top rapper Pras Michael who took US influence peddlers to visit Jho Low at Robert Kuok’s Shangri-La Hotel in Bangkok…..
Abu Dhabi’s Wealth Fund Has Waded Into a Legal Battle That Threatens To Engulf The Powerful US Bank…….
How much money will Malaysia see as others crowd in to take their pickings and certain assets remain unchallenged?
