Sunday, March 18, 2018

Arul Kanda of 1 MDB & Nick Leeson of Barings: Why was Leeson hunted down and convicted while Kanda runs free? -REPOST

From 2016


Having been extradited from Germany, Leeson was convicted by a Singapore court in 1996, pleading guilty to two counts of deceiving the bank's auditors and of cheating the Singapore exchange by forging documents.

Whistle blower Sarawak Report today claimed it had been passed "disturbing evidence" showing that Swiss private bank BSI Bank Ltd had dismissed as "false bank statements" documents supplied by 1Malaysia Development Bhd (1MDB) relating to its Brazen Sky Limited accounts.
It alleged that the documents which purported to show Brazen Sky's statement of account in November 2014, were supplied to various authorities by 1MDB CEO Arul Kanda.
"However, the Swiss private bank has told the Singapore authorities that the document did not originate from them and does not represent a true account of the assets of the 1MDB subsidiary,"Sarawak Report said, adding that the information was reported back to Malaysia on March 13
Meanwhile, Singapore's MAS and enforcement agencies ,who obviously have all the evidence they need, continue to maintain silence.

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