UBS AG Bank is drawn into Musa's mess
A censure underneath Swiss rapist law has been lodged by lawyers opposite UBS AG bank.
It follows our harmful revelations about a bank'sinvolvementin a channelling of scarcely a hundred million dollars of timber kickback money, related to a Chief Minister of Sabah, Musa Aman.
We have demonstrated how a Hong Kong branch of UBS AG as well as a former 'wealth government advisor', Denis Chua, were involved managing each theatre of an elaborate series of 'layered' accounts, which funnelled income from timber tycoons by a series of nominees, concurrent by Musa's known "middleman" Chia Tien Foh (Michael Chia).
Yesterday, you showed how statements from UBS AG itself reliable which income had been regularly drawn from a number of this web of accounts to encounter a losses of Musa's dual sons who were study in Australia. Some of these accounts were held in a name of Michael Chia himself as well as yet Musa has gone upon a record claiming "I have no commercial operation organisation whatsoever with an individual declared Michael Chia".
Spotlight upon UBS AG
The growth turns a spotlight resolutely onto Switzerland's largest bank.
Assisting money-laundering is a rapist crime underneath Swiss law as well as it is also specifically discordant to a path-leadingWolfsberg Principlesof which UBS AG was a proud first signatory. The Wolfsberg Anti-Money Laundering Principles for Private ! Banking were drawn up in Switzerland in 2000 underneath a auspices of Transparency International as well as UBS was a single of eleven tellurian banks who signed up to them.
The Wolfsberg Groupwebsitestates:
"In early 2007, a Wolfsberg Group released a Statement opposite Corruption, in tighten organisation with Transparency International as well as a Basel Institute upon Governance..Shortly thereafter, a Wolfsberg Group as well as The Clearing House Association LLC released a statement endorsing measures to enhance a clarity of general handle transfers to promote a efficacy of tellurian anti-money laundering as well as anti-terrorist financing programmes".
Musa's work - Monga Bay website photos of steep hillsides destroyed by Sabah logging
Sarawak Report right away has in a receive justification of countless such general handle transfers relating to Musa Aman as well as his associates, which shaped part of a Malaysia Anti Corruption Commission enquiry in 2008.
That enquiry endorsed 40 charges be brought opposite Sabah's Chief Minister for accepting tens of millions of dollars in kickbacks for arising logging licences to timber cronies.
Many of these concessions were awarded in previously stable Reserve Forest regions as well as in areas noted out for general protection underneath a Heart of Borneo Treaty.
Others were upon steep hillsides after contour maps had been upon purpose distorted in a Forestry Department records, so which logging could be 'legally' permitted.
However, notwithstanding a evidence, a! Attorne y General, Abdul Gani Patail, Musa's relations as well as domestic ally, has refused to allow a prosecution to go ahead.
The subject right away is why UBS AG, after all a report surrounding this box has unsuccessful to examine or take movement opposite possible income laundering by accounts related to politically exposed persons in Sabah?
Basle connection
Wealth creation? Not for a immeasurable infancy of Sarawak's inland peoples, who sojourn between a poorest in Malaysia
The censure opposite UBS has been launched from a same Swiss City where a Wolfsberg Principles opposite general money-laundering were established.
The Swiss lawyer as well as correspondence expert Monika Roth has launched a censure to a open prosecutor upon behalf of a Sarawak environmental as well as tellurian rights NGO, a Bruno Manser Fund, which is also formed in Basle.
The NGO believes a likelihood is which a bank will shortly face rapist proceedings as a result:
"The Bruno Manser Fund accuses UBS of carrying breached a due diligence duties as defined by a Swiss Criminal Code as well as calls upon Swiss authorities to take rapist movement opposite UBS as well as those obliged for a bank's attribute with Musa Aman. The Malaysian statesman has been Chief Minister of Sabah since 2003 as well as is a hermit of Malaysia's Foreign Minister, Anifah Aman. He is being accused of carrying laundered over USD 90 million of crime proceeds by a number of bank accounts with UBS in Hong Kong as well as Zurich. In Apr 2012, a Swiss Federal Office of Justice reliable which Switzerland has since legal ass! istance to Hong Kong authorities over Musa's ties with UBS".
The NGO goes upon to say which it has handed in countless documents as justification to a Zurich Public Prosecutor's Office, which prove which Michael Chia, a tighten join forces with of a Sabah Chief Minister, organized large cash payments from timber companies with logging interests in Sabah to UBS bank accounts in Hong Kong.
It goes upon to say which "from a same accounts, payments have been made to Musa Aman's sons in Australia as well as to Mohd Daud Tampokong, a comparison forestry official from Sabah".
Beginning not a end of a affair
Musa Aman might have hoped which his denials as well as a assistance of his fan as well as relations Abdul Gani Patail could silence a review by Malaysia's own crime authorities. However, right away which a make a difference has been internationalised it looks likely which you have seen only a beginning of this affair.
The ball is right away in a justice of UBS AG, which has already indicated a concerns over a open perceptions ensuing from this murky matter. - Sarawak Report
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