Monday, 15 October 2012

Our "Caring" BNM- "Protecting" the interests of the public ... :-(

*Bank Negara even instructed the company 
to make an official announcement on all major newspapers 
informing the public of Genneva’s business practices. 
*The company complied and published this 
                   in all major newspapers as requested by Bank Negara.

A joint press release by Bank Negara Malaysia, police and the Attorney-General’s Chambers said the raids were conducted in the best interest of the public to avoid them falling victims .....
“Furthermore, the companies were also found to be unable to provide the guarantee buy-back of gold.

So now- let's see how much of "public interests", BNM really cares about ....

‘Nor the main culprit behind forex scandal’

Athi Shankar | June 3, 2012
An ex-Bank Negara insider reveals the inside track on the currency speculation undertaken by Nor Mohamed Yakcop and other powerful people about 20 years ago.
GEORGE TOWN: A former Bank Negara insider has named four powerful elites as main players to have caused the central bank’s massive RM30-billion loss in the international foreign exchange speculation scandal some 20 years ago.
In his explosive revelation, retired Bank Negara deputy manager, Dr Rosli Yaakop named former Prime Minister Dr Mahathir Mohamed, ex-finance minister Daim Zainuddin, ex-Bank Negara Governor, the late Jaffar Hussein and current Minister in Prime Minister’s Department in charge of Economic Planning Unit Government Nor Mohamed Yakcop as the “forex scandal elite club masters.”

NGO: Malaysian leader worth $15 billion despite civil-servant salary; timber corruption suspected

Abdul Taib Mahmud, who has headed the Malaysian state of Sarawak for over 30 years, is worth $15 billion according to a new report by the Bruno Manser Fund. The report, The Taib Timber Mafia, alleges that Taib has used his position as head-of-state to build up incredible amounts of wealth by employing his family or political nominees to run the state's logging, agriculture, and construction businesses.

Taib is worth RM45b, believe it or not

Pushparani Thilaganathan | September 19, 2012
When Sarawak Chief Minister Taib Mahmud told longhouses residents in Sungai Aup, Sibu, in 2010 that he had 'more money than he can ever spend', people understood that he was rich. But how rich, was anyone's guess.

The Musa Aman Connection: HSBC’s Money-Laundering Scandal

The Musa Aman Connection: HSBC’s Money-Laundering Scandal

Written by  Sarawak Report

Thursday, 19 July 2012 10:56

As HSBC’s Global Head of Compliance resigned in disgrace yesterday, acknowledging the bank had turned a blind eye to a staggering $38 trillian dollars’ of suspect transactions, thoughts in Sabah will have returned to the financial affairs of their Chief Minister, Musa Aman.
The Malaysian Anti-Corruption Commission (MACC) report into timber kickbacks (a case described by Najib Razak as being “linked to Musa Aman”) contains a great deal of information about HSBC’s involvement in processing the millions of dollars that ended up in Musa’s bank accounts.

MUSA’S SECRET DONORS -We Blow The Whistle On UMNO’s Sabah Kickbacks!

14 Oct 2012
This post is also available in: Malay
Bag carrier – Michael Chia was caught couriering RM40million for Musa Aman, which the PM now says was destined for Sabah UNMO
This weekend Malaysia’s PM, Najib Razak, indicated it was perfectly “proper” for his party to accept secret donations of millions of dollars from undisclosed sources.
He was referring to the RM40million that the Hong Kong authorities seized in 2008 in the possession of a courier Michael Chia, who was in the process of trafficking the money in a suitcase to Sabah.
For the past four years the Chief Minister of Sabah, Musa Aman, has strenuously denied that this money had anything to do with him or indeed that he had “any business association whatsoever” with Michael Chia.


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