Sunday, January 31, 2016

Crouching (Turn)Bull, Hidden Rabbit Part 3: US does not trust Turnbull

by Ganesh Sahathevan

In Crouching (Turn)Bull, Hidden Rabbit Parts 1 & 2 the matter
of the exact nature of the Turnbull family's business was disucssed
in the context of the family's ties to China.

In Part 3, we simply reproduce the following report from
It does seem as if the US Government does not trust Turnbull.

Abbott meets Obama 

and spy chief 

in US

President Barack Obama with Tony Abbott at a previous meeting.
TONY Abbott privately met Barack Obama at an exclusive banquet in Washington on a US trip already mired in controversy.
The former prime minister also held secret talks with the president’s spy chief, TheDaily Telegraph reported, and was urged to maintain a global voice on critical issues such as terrorism.
Mr Abbott and Mr Obama had a warm, intimate chat on Saturday night, sources said, showing the ex-PM is by no means ready to let go of his powerful connections.
He also met with Senator John McCain, who described him on Twitter as a “great leader & strong supporter of the US-Australia alliance”.
The day before, Mr Abbott reportedly held secret talks with the US director of National Intelligence James Clapper, where it’s believed they discussed the fight against Islamic State as well as other global threats.
Mr Abbott met a series of political heavyweights during his trip to the US, telling theDaily Telegraph Australia’s contribution to world affairs, especially in the Middle East, was highly valued by the nation.

“The Americans want senior Australians speaking strongly on important global issues,” he said.
“They were very appreciative of the work done under my prime ministership and the work continuing to be done under the new prime minister.”
The meeting may rile Australia’s current leader, coming just weeks after Malcolm Turnbull’s visit to Washington, where he also met Mr Obama and Mr Clapper.
Mr Abbott has already caused controversy with this trip with his plans to address an anti-gay group in the US. The former Liberal leader revealed he intended to speak at a function in New York run by the Alliance Defending Freedom, a conservative Christian lobby group that opposes homosexuality and abortion.

Mr Turnbull told The Project that Mr Abbott was entitled to speak to such audiences. “He does have fairly a conservative position on issues like that, so he probably would find he’s talking to people with similar views, perhaps,” said the Prime Minister.
But Opposition Leader Bill Shorten expressed concern over Mr Abbott’s behaviour, asking: “The real problem is who’s pulling the strings in the Liberal Party? I am greatly concerned that Malcolm Turnbull may be the presentable frontman of the Liberal Party, but the people pulling the strings, their views are identical to Tony Abbott’s and that’s not good for Australia’s future.”
Last year, Mr Abbott sparked controversy with his Margaret Thatcher lecture in the UK, when he encouraged European leaders to follow in Australia’s footsteps and turn back asylum seeker boats.
— with AAP

Obama and Media: The Mystery

Empire goes to Washington DC to demystify the relationship between political power and the media in the US.

Friday, January 29, 2016

Falcon Bank in breach of US Non-Prosecution Agreement: Swiss AG says quantum of related transactions is USD 4 billion,while Singapore MOF,MAS, remain silent

by Ganesh Sahathevan

It was reported on this blog yesterday that Falcon Private Bank may be in breach of its US Non-Prosecution Agreement. In a related development the  Attorney General of Switzerland, who is also investigating Falcon,has issued a press release in which he says,among other things:

“The sum suspected to have been misappropriated amounts to around USD 4 billion… So far it has been ascertained that a small portion of the money was transferred to accounts held in Switzerland by various former Malaysian public officials and both former and current public officials from the United Arabic Emirates”

The details of the related transactions can be found in the links to the article below from the Sarawak Report investigative news website.
As the story also says :
In July, The Wall Street Journal reported that an earlier Malaysian probe found that the nearly $700 million had entered Mr. Najib’s account through banks including a Singapore branch of Zurich-based Falcon Private Bank AG, as well as other companies and entities linked to 1MDB. Three financial institutions in Switzerland have been linked to the transfers.

While the Swiss are now taking the lead, it was actually the Singapore Police and financial regulator, the Monetary Authority Of Singapore, that first started investigating the matter, and Falcon's involvement in it.
However, the Singaporeans appear to have gone cold.


29 JAN 2016

Well after normal office hours on Friday the Swiss Attorney General’s Office has detonated the legal equivalent of a nuclear attack against the attempts by Najib and his own Attorney General to sweep the scandal of 1MDB under the carpet and out of sight.
Responding to the Malaysian AG Mohammed Apandi’s surprise announcement this week that Najib had been “cleared” of any wrongdoing by the Malaysian Anti-Corruption Commission investigation, the the Swiss Attorney General Michael Laubersaid has issued a media statement of possibly unprecedented bluntness from the traditionally low profile Swiss.
The devastating one page statement, delivered in the form of a notification of a request to Malaysia to assist in Switzerland’s own criminal enquiries into 1MDB, has blown the whistle on the entire case and laid out in astonishing terms the key aspects of the Swiss investigation so far.
In doing so, the Swiss Attorney General has substantiated each of the major allegations printed by Sarawak Report and other investigators into 1MDB over the past year since the original details from the dossier of Swiss national Xavier Justo was revealed by this news portal.

Detailed assault on Malaysia’s claims of innocence at 1MDB

Explaining his “request for mutual assistance” the Swiss AG has made several landmark statements confirming official concerns of corruption on an epic scale at 1MDB.
He has introduced a new figure of US$4 billion as the suspected amount which his officials believe has been stolen from the fund, which he points out was “earmarked for investment in economic and social projects in Malaysia”.
“The sum suspected to have been misappropriated amounts to around USD 4 billion… So far it has been ascertained that a small portion of the money was transferred to accounts held in Switzerland by various former Malaysian public officials and both former and current public officials from the United Arabic Emirates”
In publishing this bold assertion the Swiss AG has shot out of the water months of twisting and turning by 1MDB and its new CEO Arul Kanda and his boss the Minister of Finance as they have attempted to explain the billions missing from 1MDB.

All but named!

The Swiss AG does not mince his words in pointing the finger at those he believes to be responsible for the shocking misappropriation or the crimes for which he believes they should be prosecuted.
He also reveals that “criminal proceedings opened on 14th August 2015 against two former officials of the Malaysian state-owned fund 1MDB (1Malaysia Development Berhad) and persons unknown” under a series of Swiss laws, a matter that was till now unknown.
Also referred to as being on the AG’s list of people relating to these crimes are “foreign public officials” suspected of being bribed; “various former Malaysian public officials and both former and current public officials from the United Arabic Emirate”
Names likely to be represented by those descriptions are the Prime Minister of Malaysia, Jho Low, the former CEO of 1MDB Shahrol Halmi and the former Aabar fund chiefs Khadem al Qubaisi and his deputy Mohamed al Husseiny.
The above men have all been featured as key players in Sarawak Report’s exposes on 1MDB and the crimes outlined by the Attorney General of which they are together or separately suspected are  “bribery of foreign public officials; misconduct in public office; money laundering and criminal mismanagement”
The unrelenting and direct accusations leave the Prime Minister’s claim a the start of the week that the allegations against 1MDB were an “unnecessary distraction” in tatters.

Swiss are investigating all aspects of the 1MDB scandal

The AG’s statement also makes clear that far from limiting their investigations the Swiss have extended their criminal enquiries into all the main aspects of the 1MDB financial scandal, as covered in recent Sarawak Report exposes.  He mentions four main areas of shady operations, but indicates there may be more:
“So far four cases involving allegations of criminal conduct and covering the period from 2009 to 2013 have come to light in this connection (relating to Petrosaudi, SRC, Genting/ Tanjong and ADMIC”
The fact that Swiss banks were dragged into almost every aspect of 1MDB’s activities by the main perpetrators must indeed now stand as a point of considerable regret by them.
The issues referred to above by Laubersaid include the heist of a total of US$1.5 billion using PetroSaudi as a front company in 2009 as well as the series of massive bond deals conducted together with Aabar in 2012 supposedly to fund two power plant purchase deals by 1MDB.  Huge sums have been recorded missing from that deal as well as a subsequent ‘Strategic Partnership” with Aabar in 2013, from which money has also disappeared.
The final referrence to ADMIC shows that the Swiss are also looking into the money that was transferred by Jho Low from his Good Star company account in Zurich to his BSI Singapore account held under the name of ADMIC (Abu Dabhi Malaysia Investment Corporation).

Banks in the spotlight

Other players who are now faced with worrying questions to deal with in these investigations are all the major banks which facilitated these deals.
The Swiss private banks RBS Coutts Zurich, JP Morgan Zurich, BSI, Falcon Bank, and Bank Privee Edmond de Rothschilde Europe are all facing questions about the hundreds of millions processed through the accounts of these public officials and politically exposed persons.
Also likely to be highly concerned is the American giant Goldman Sachs.  The main individual behind the 1MDB bond deals, their Singapore boss Tim Leissner was reported to have taken leave from the bank only last week.  Sarawak Report has reported for months on the eyebrow raising sums paid to the bank in return for unusual and enormous bond deals raised for 1MDB.

Malaysia is put on the spot

By going public in this brutal and highly unusual way the Swiss have made plain they want no more nonsense from Najib or his henchmen like Apandi.
Laubersaid makes yet another revelation in his jaw-dropping press release, which is that the Malaysian AG had met with his officials in September and promised full cooperation.  That cooperation, he implies, is yet to be fulfilled on Apandi’s part:
“Cooperation between the two countries was already discussed at a meeting in Zurich on 15th September 2015 between the Swiss Attorney General and his Malaysian counterpart.  This request for mutual assistance now puts the agreement in principle that was reached into concrete terms”
It means, in short, that what Apandi has said to the Malaysian public is not what he was saying in private and that his claims of there being no evidence to pursue charges against 1MDB are nonsense in the eyes of his European counterpart.
This letter refers to a “systematic course of action by means of complex financial structures” by the alleged perpetrators of the crimes against 1MDB and Laubersaid makes clear his impatience with the fact that despite this looting of billions from Malaysia’s public companies “the Malaysian companies concerned have made no comment on the losses they are believed to have incurred”.
The Swiss authority ends on a conciliatory note, explaining that given no Malaysian company has yet raised this issue of their massive losses the Swiss are offering their assistance to “advise the companies and the Malaysian government of the results of the Swiss criminal proceedings with the aim of finding out whether losses on this scale have been sustained”.
Wall Street Journal
Before the release of their media statement the AG and his officials also gave spoken comments to the Wall Street Journal.  Laubersaid had told the WSJ:
“We are very concerned. We have found evidence of suspicious money transfers linked to 1MDB going through Swiss financial institutions, and we believe that it is very important that it is shared with the Malaysian authorities.”
It was just hours later that he moved to action, making what may become a historic step in the fight to combat global money-laundering.
This weekend the beleaguered voices from the Malaysian Anti-Corruption Commission, the Bank of Malaysia and those others from the world of politics who have protested against a year of 1MDB cover-ups have found a powerful new ally from the international financial stage.

See the WSJ article below

ZURICH—Swiss authorities on Friday said they were concerned Malaysia had ended its investigation into the transfer of nearly $700 million into Prime Minister Najib Razak’s private bank account, saying the move could hinder their own probe where “strong evidence” has been found.
“We are very concerned,” Swiss Attorney General Michael Laubersaid in a statement Friday to The Wall Street Journal. “We have found evidence of suspicious money transfers linked to 1MDB going through Swiss financial institutions, and we believe that it is very important that it is shared with the Malaysian authorities.”
Earlier this week, the attorney general’s office in Malaysia announced that the $681 million transferred in 2013 to Mr. Najib’s account was a legal donation from Saudi Arabia’s royal family, and cleared the prime minister of any wrongdoing. The Malaysian Anti-Corruption Commission said subsequently it would seek a review of that decision.
The Swiss Office of the Attorney General, or OAG, has raised concerns over the handling of the case, saying it believes evidence it has gathered and is due to send to Malaysia won’t be considered by its counterparts there.
“There appears to have been a sizable fraud taking place here, and we believe [the case] should not be allowed to drop like this,” said OAG spokesman Andre Marty. “Without assistance from Malaysia our investigation in Switzerland risks running into a dead-end.”
Swiss authorities have been investigatingindividuals tied to Malaysia’s 1Malaysia Development Bhd., or 1MDB, a public investment fund established by Mr. Najib in 2009 to encourage economic development in the country. The future of the Swiss 1MDB probe, which has found evidence of suspicious transactions made through Swiss banks, is now uncertain.
The Swiss OAG said Friday it was disappointed with the decision of the Malaysian authorities, especially after an agreement between the two countries’ attorneys general last year to support each other’s investigations.
Mr. Lauber said that “strong evidence” had been collected so far, without elaborating. Investigating cases of suspected financial wrongdoing is central the integrity of Switzerland’s financial center, he said. “In this fight we need reliable foreign counterparts.”
Following the announcement from Malaysian authorities on Tuesday, the Swiss attorney general’s office contacted the Malaysians directly and asked for mutual assistance between the agencies to continue, and for evidence unearthed by the Swiss to be considered.
So far Swiss authorities haven’t received a response from the Malaysian Attorney General’s Office. The office didn’t respond to a request for comment.
In July, The Wall Street Journal reported that an earlier Malaysian probe found that the nearly $700 million had entered Mr. Najib’s account through banks including a Singapore branch of Zurich-based Falcon Private Bank AG, as well as other companies and entities linked to 1MDB. Three financial institutions in Switzerland have been linked to the transfers.
In August, the Swiss attorney general’s office opened a criminal probe of two unidentified 1MDB executives and what it termed “persons unknown,” for suspected money laundering and the possible corruption of foreign officials. The following month, Swiss authorities said Malaysia’s attorney general had agreed to provide assistance by arranging for the interview of key witnesses.
Swiss authorities have also asked for information about money transfers, and account ownership details.
The Swiss have frozen tens of millions of dollars in assets at unspecified Swiss banks as part of their probe. The Journal has reported that the investigation has focused on transactions made using Falcon, which is owned by an Abu Dhabi sovereign-wealth fund that has done business with 1MDB. Falcon hasn’t been accused of wrongdoing.
As part of its announcement earlier this week, the Malaysian attorney general’s office said evidence doesn’t show that the Saudi donation to Mr. Najib “was given as an inducement or reward for doing or forbearing to do anything in relation to his capacity as a prime minister.” All but $61 million of the money was eventually returned to the Saudis, Malaysian authorities said.
However, a Saudi government official said the Saudi ministries of foreign affairs and finance had no information about such a donation being made.
Meanwhile, the Swiss expect to make requests for information regarding their own investigation in the next few days.

Is Falcon Private Bank in breach of its US Non-Prosecution Agreement? Further implications of the Najib Razak USD 681 million "donation".

by Ganesh Sahathevan

Via a letter dated 20 July 2015 the US Department Of Justice informed Falcon Private Bank that it accepted its proposal for non-prosecution with regards an ongoing US Government investigation into tax evasion.The main contents of that letter are as follows:

Falcon Private Bank AG ( .. Falcon'') submitted a Letter of lntent on December 23, 2013, to participate in Category 2 of the Department of Justice's Program for Non-Prosecution Agreements or Non-Target Letters for Swiss Banks, as announced on August 29, 2013 (hereafter "Swiss Banlc Program"). This Non-Prosecution Agreement ( .. Agreement") is entered into based on the representations of Falcon in its Letter of lntent and infornnation provided by Falcon pursuant to the terms of the Swiss Bank Program. The Swiss Bank Program is incorporated by reference herein in its entirety in this Agreement.1 Any violation by Falcon of the Swiss Bank Program will constitute a breach of this Agreement.

The Swiss Bank Program " provides a path for Swiss banks to resolve potential criminal liabilities in the United States. Swiss banks eligible to enter the program were required to advise the department by Dec. 31, 2013, that they had reason to believe that they had committed tax-related criminal offenses in connection with undeclared U.S.-related accounts."

Under the program, banks are required to:
  • Make a complete disclosure of their cross-border activities;
  • Provide detailed information on an account-by-account basis for accounts in which U.S. taxpayers have a direct or indirect interest;
  • Cooperate in treaty requests for account information;
  • Provide detailed information as to other banks that transferred funds into secret accounts or that accepted funds when secret accounts were closed;
  • Agree to close accounts of accountholders who fail to come into compliance with U.S. reporting obligations; and
  • Pay appropriate penalties
Falcon agreed to all of the above and paid a penalty of US$1.86 million.

Shortly after the above agreement was reached whistle blower website Sarawak Report revealed that Falcon had been an active party in what has now become known as the Najib Razak donation scandal. That expose showed ,in essence, how Falcon set-up a dummy corporation called Tanore Finance Corp (BVI), which was then used as the entity on record to channel funds from Singapore and via Wells Fargo New York  into the Malaysian bank accounts of that country's prime minister Najib Razak (see story below).
The essential transactions have been described as follows:
PM's Anonymous 'Donation' Was Transferred Back To Singapore! MAJOR EXCLUSIVE

A US citizen named  Teik Jho Low is widely believed to be party to these transactions.

Did Falcon disclose the above as part of its settlement with the Department of Justice, or were the above ,and related transactions, excluded from Falcon's disclosures?


14 SEP 2015

Swiss Connection - How Aabar's Falcon Bank Serviced Najib's 'Mystery Donor' Through Zurich!

Swiss Connection - How Aabar's FalconBank Serviced Najib's 

'Mystery Donor' Through Zurich!

14 SEP 2015

Falcon CEO interviewed by Abu Dhabi's The National, explained he was "totally against more [banking] regulation"
Off-duty look – Falcon CEO Eduardo Leeman interviewed by Abu Dhabi’s The National, explained he was “totally against more [banking] regulation”
Research into the BVI company Tanore Finance Corporation has shown how Najib’s mystery ‘Middle Eastern Donor’ set up this vehicle to pay US$681 million into the Prime Minister’s account, using the services of Aabar’s very own Falcon Bank in Zurich.
The information casts further doubt over the already unbelievable story that a mystery third party billionaire had decided to give this money to Najib and had coincidentally chosen to pass it through an account at Falcon in Singapore, which just happens to be owned by Najib’s main business partner at 1MDB (Aabar itself).
We can now see that Falcon was far more extensively involved in the operation at Headquarters level, in its role as the actual incorporator of Tanore, supposedly on behalf of the so-called third party ‘donor’.
This leaves it ever more probable that this mystery ‘US$681 million dollar donor’ was merely a front for Najib and Aabar, in order to channel money out of their ‘strategic joint venture’ into the Prime Minister’s account.

Swiss connection

Natalie's name features on the incorporation documents according to corporate investigators
Linked in – Natalie’s name features on the incorporation documents according to corporate investigators
Corporate investigators have established that Tanore Finance Corporation BVI was incorporated by Falcon Bank itself through a Zurich based corporate services company named Trident Corporate Services on 19th October 2012.
The Senior Customer Relationship Manager involved in liaising with Trident on this matter was the Swiss national Natalie Schrade Grob, based at Falcon’s Zurich headquarters.
Natalie answers directly to none other than the CEO of the bank Eduardo Leemann, who in turn was reporting directly to the Aabar boss, Khadem al Qubaisi, according to our information.
Official photo - Leemann and Al Qubaisi.  Falcon Bank in Zurich set up the entire transfer operation that went through Singapore. Leemann, who is ex-Goldman Sachs, could only have been heavily involved.
Official photo – Leemann and Al Qubaisi. Falcon Bank in Zurich set up the entire transfer operation that went through Singapore. Leemann, who is ex-Goldman Sachs, could only have been heavily involved.
She incorporated Tanore on behalf of Falcon Bank (which advertises such ’boutique’ services for its wealthy clients), using a company called Trident Corporate Services, which is also headquartered in her home city of Zurich.
Trident Corporate Services owns Trident Trust Company (BVI) Limited, under whom Tanore is officially registered in the BVI.
Trident are based in Zurich and specialise in off-shore incorporations, for which purpose Natalie approached them for their services
Trident are based in Zurich and specialise in off-shore incorporations, for which purpose Natalie approached them for their services
This means that the ‘anonymous donor’ who paid Najib engaged none other than Aabar’s Al Qubaisi-controlled Falcon Bank in order to set up his special purpose company vehicle to perform this kind deed of ‘donation’ five months before Najib took receipt of the money and then closed the company down again a few months later.
Given that it is Aabar which has been up to its neck in shady deals with 1MDB, including the disappearance of  US$1.4 billion from their joint ‘power purchase’ bond issues (2012) and the disappearance of a further US$1.4 billion from their joint ‘strategic partnership’ arrangement (2013) one can only describe the matter as a highly significant coincidence.
Falcon's top duo al Husseiny and al Qubaisi (left) shake hands on the 1MDB 'strategic partnership' with Najib and 1MDB Chair Lodin Wok Kamaruddin
Falcon’s top duo al Husseiny and al Qubaisi (left) shake hands on the 1MDB ‘strategic partnership’ with Najib and 1MDB Chair Lodin Wok Kamaruddin
One can now question whether there is not strong evidence of a pre-meditated and deliberate creation of a structure in order to transfer this secret money in advance of further deals between Aabar and 1MDB?
No wonder that the Swiss authorities have launched investigations into 1MDB related banks, which Sarawak Report is reliably informed includes the Zurich based Falconbank.
The first question that these investigators will be bound to ask Natalie and her boss Eduardo will be something that Najib has been mysteriously reluctant to divulge.
That is, who was Falcon’s actual client and the beneficial owner of Tanore Finance Corporation – in other words what was 

the identity of the alleged Middle Eastern ‘donor’?


See also SEE ALSO

Thursday, January 28, 2016

PM Najib's US$ 681 million donation : King Abdullah is dead, but Prince Muqrin is still alive and can even remember the "aged tree next to the Telekom Tower in Kuala Lumpur".

by Ganesh Sahathevan

While PM Najib and presumably Attorney General Apandi appear to  have gambled on the fact that Najib's alleged benefactor, the late King Abdullah is dead and cannot tell us if he actually gave PM Najib US$ 681 million to fight the Muslim Brotherhood , their gambit seems not to have taken into account the fact that from sometime in 2012, King Abdullah was represented by his advisor and later deputy crown prince, Prince Muqrin bin Abdul Aziz. Prince Muqrin might well have succeeded King Abdullah, but for Al-Saud politics. Prior to becoming the late King's advisor Prince Muqrin, an UK and US trained fighter pilot , was head of the Al Mukhabarat Al A'amah (Saudi Intelligence Agency) from 2005 to 2012.
Muqrin knows Malaysia and Malaysians well, having trained with Malaysian Airforce officers in at least the US in the early 70s.He has apparently been a regular, if not very observant visitor ,as this report suggests:

Prince Muqrin is multilingual and well traveled. His knowledge of foreign countries astounded ambassadors, consuls and heads of missions who flocked to Medina City during the hajj season.He knew the names of streets and landmarks in practically every other city.
He once asked the Malaysian ambassador, “Whatever happened to that aged tree next to the Telecom Tower in Kuala Lumpur?”

Given his then position and his memory , it is more than likely that he would have knowledge of that "donation", if it was given.
Meanwhile, readers should not lose sight of the facts and issues raised in this earlier post:
Onus on Najib to call Al-Sauds as witnesses in his defence: Apandi ignores case of Datuk Harun Idris & provisions of MACC Act in letting Najib off the hook


Wednesday, January 27, 2016

On the matter of the US$ 681 million donation to PM Najib: AG Apandi has provided evidence that it was in fact a payment in two tranches, for two separate purposes

by Ganesh Sahathevan 

In his recent press conference on the matter of the corruption investigation into Malaysian PM Najib Razak the country's  Attorney General Apandi said: 

"Furthermore, in August 2013, a sum of US$620 million (RM2.03 billion) was returned by Yang Amat Berhormat PM to the Saudi royal family because the sum was not utilised." A sum of US$681 million (RM2.08 billion) had been deposited into the prime minister's personal accounts between March 22, 2013 and April 10, 2013, and Apandi said based on evidence from witnesses and supporting documents submitted by the anti-graft agency, the money was a personal donation to Najib from the Saudi royal family which "was given to him without any consideration"

That breakdown of payments into two tranches , a sum of US$ 620 million that was "returned" and another sum of approximately  US$ 61 million that was used in Malaysia for some other  purpose, is significant for it corresponds exactly with the breakdown of payments when they were first  received at AmIslamic  from Wells Fargo.

As previously explained (see story  below) the two tranches were described as payments ,and not as donations.This new piece of evidence provided by the Attorney General of Malaysia suggests that the quantum of the two tranches was PREDETERMINED  for ease of transfer.
This image from Sarawak Report  explains it clearly  ,give or take a few million.

The "donation" , "do what you like with it" story does not look likely.Readers are also reminded that the money sent to Singapore has probably been frozen by the Monetary Authority Of Singapore.


For Reference:

On the matter of the US$ 681 million donation to Prime Minister Najib Razak: Sender did not describe payment as a donation

by Ganesh Sahathevan
The Malaysian Prime Minister Najib Razak has said that  someone has sent him a donation of US$ 681 million, via Wells Fargo Bank of New York, using a BVI company (since liquidated) called Tanore Finance. That company was a client of Falcon Private Bank Of Singapore, which was the ordering institution for that wire transfer.

The Wall Street Journal which broke the story of that massive "donation" hasplaced on-line the relevant documents.

Readers are referred to pages 2 and 3 of the documents,and to the items marked70-Remittance Information.
Curiously the transfers  (the sum total was paid in two amounts)  are  described as  "Payment" and not " Donation".
This is not a matter of mere semantics.In these days of heightened controls on the transfer of funds, given the fear of terrorist financing, descriptions are important , even for very small sums. In this case where that large amount of money was being transferred to an individual the description becomes even more important.

Readers may also be interested in item 71A Details o Charges
 "SHA" means charges are shared and it is again curious that such a generous donor would want the recipient to share in the charges for the transfer.
A PDF copy of the documents may be sighted at :