Singapore dare to investigate "suspicious" money transfers linked to Najib?

Businessman Low Taek Jho’s accounts have come under scrutiny amid an ongoing probe into allegations that billions of ringgit from 1Malaysia Development Berhad (1MDB) were transferred into Prime Minister Datuk Seri Najib Razak’s personal accounts.

According to a report by The Wall Street Journal (WSJ), Singaporean police and Bank Negara had discussed some US$529 million (RM2 billion) in accounts belonging to Low, also known as Jho Low, after the central bank in March asked for Singapore’s help investigating 1MDB.

Citing a letter dated March 13 from Singapore’s Suspicious Transaction Reporting Office to Bank Negara, WSJ said the money was deposited into a Singaporean business bank account at BSI SA, controlled by Low between 2011 and 2013.

The Suspicious Transaction Reporting Office said the money had been deposited from the Swiss bank account of a company called Good Star Ltd, although it was not stated where Good Star had obtained the funds or what happened to the money. The account was reportedly closed last February.

“If proceeds of crime have been transferred to Singapore, we would like to consider whether an offence has been committed in Singapore,” Suspicious Transaction Reporting head Chua Jia Leng was quoted as saying in the letter.

Putrajaya said earlier this year 1MDB had US$1.1 billion in a BSI account in Singapore, although it is not known whether a connection exists between that account and Low.

Low has said that his role at 1MDB is that of an “occasional adviser”.

- See more at: http://www.themalaysianinsider.com/...d-in-1mdb-probe-says-wsj#sthash.kGpS8ydd.dpuf

Universiti Islam Antarabangsa Malaysia (UIA) students rallied behind Deputy Prime Minister Muhyiddin Yassin today and urged him to take temporary control of the government.

The students said Muhyiddin, who is also education minister, should pressure Prime Minister Najib Abdul Razak to go on leave pending an investigation into allegations that almost US$700 million was deposited into Najib's personal bank accounts.

"(Muhyiddin) must urge Najib to take leave until the investigation involving the prime minister is completed, with Muhyiddin acting (as prime minister)," the UIA students said in a statement today.

The statement was endorsed by 12 UIA student groups, and was signed by Hanif Mahpa the UIA students council president, and Ahmad Fadhli Umar Aminolhuda the UIA law association president, among others.

The students also urged Muhyiddin to set up a Royal Commission of Inquiry to investigate allegations of misappropriation of funds involving the government.

They want Najib and the government to sue The Wall Street Journal over its report, and urged Muhyiddin to order Bank Negara and Ambank to challenge the allegations made by the US financial daily.

A mass protest, nationwide, if no action taken

They warned that if their demands were not met, and the government failed to clear its name on the corruption allegations, the UIA students would organise a mass protest, together with other students, nationwide.

http://www.malaysiakini.com/news/304206

The Wall Street Journal (WSJ) reported today that investigators in Malaysia and Singapore are probing into the US$529 million kept in a private bank account of businessman Low Taek Jho or Jho Low in Singapore.

The Sarawak Report (SR) website also wrote about this account at BSI SA bank Singapore earlier this week.

According to both the WSJ and SR, a total of US$529 million was transferred in several transactions between June 2011 and September 2013 to the BSI account from Good Star Ltd.



The BSI account belonged to Abu Dhabi Kuwait Investment Corp (ADKMIC) and Singapore authorities have confirmed to their Malaysian counterparts that the beneficial owner of that account is Jho Low. The account was closed in February 2014.
The name Good Star has been in the centre of the dubious joint venture that 1Malaysia Development Bhd (1MDB) entered into in September 2009 with PetroSaudi international.

Of the initial US$1 billion that 1MDB put in, US$700 million was sent to Good Star a day after the joint venture was signed.

Good Star had nothing to do with the joint venture and The Edge Malaysia has reported that it is not part of the Petro Saudi group as claimed.

The Edge has also said that Good Star was controlled by Jho Low, whose buddy Seet Li Lin is the chief investment officer at the company.

Subsequently, after the joint venture was called off and in May 2011 1MDB subscribed to US$330 million of murabaha notes from Petro Saudi and this money was also sent to the Good Star account at RBS Coutts in Zurich.

In total, US$1.03 billion of 1MDB money made its way to Good Star – US$700 million in Sept 2009 and US$330millon in May 2011.

So, could the US$529 million that Good Star moved to Jho Low's BSI account in Singapore have come from 1MDB?

And if yes, why?

That is now the subject of investigation by authorities in Malaysia, Switzerland and Singapore, who also want to know where the US$529 million went from the BSI account in Singapore. – July 10, 2015.

- See more at: http://www.themalaysianinsider.com/...o-lows-account-from-1mdb#sthash.6R4eEy9B.dpuf

Who says umno discriminate minorities.

Our ministar for finance must be squirming right now, losing sleeping over the next few weeks

PinkShirtNoHeart said:

Our ministar for finance must be squirming right now, losing sleeping over the next few weeks

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Why would they squirm when they knew what has been going on?
This guy had 26 (twenty six) accounts with the bank in Singapore and then later, he opened 14 (fourteen) accounts in one day.
If no one suspects that he is in the laundry business, then they should be hung by their bolls to drip and drip.
And you all think Robert Mugabe was really in town for medical check ups?
Or the health of his bank account.

Confuseous said:

Why would they squirm when they knew what has been going on? This guy had 26 (twenty six) accounts with the bank in Singapore and then later, he opened 14 (fourteen) accounts in one day. If no one suspects that he is in the laundry business, then they should be hung by their bolls to drip and drip. And you all think Robert Mugabe was really in town for medical check ups? Or the health of his bank account.

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You know what? The "Natural Aristocrats" of Sinkieland have honed the art of playing "good cop, bad cop" to perfection.

All the bank user data collected by MAS are forwarded and shared with the United Stasi of A., which in turn shares them with the other "Five Eyes" alliance.

Besides a money laundering hub, Sinkapore is also a mass surveillance hub for the NSA.

Now "Ali Baba" needs to do is, go mark, as many 'doors' as possible with "X"....& it will take time for whoever to 'open the correct door', may take, 104 man years, by that time, all the 'thieves' would have vanished & people get tired of reading the same old "wayang".

Confuseous said:

.....This guy had 26 (twenty six) accounts with the bank in Singapore and then later, he opened 14 (fourteen) accounts in one day.
If no one suspects that he is in the laundry business, then they should be hung by their bolls to drip and drip...

Click to expand...

This fat arse Low has so much money in his bank accounts all over the world and should be a target of Interpol, not only malaysian police, to find out where it all came from and went to.

Is he financing the drug cartel in South America, the ISIS in Iraq, the human smugglers in Myanmar, the islamic militants in Xinjiang or the fat guy in North Korea? The list of suspicion can go on and on. He may be a front for someone or certain group. He is too young to have built up an empire with his own 2 balls.