by Ganesh Sahathevan
The matter of Australia's regulatory authorities refusing to act against ANZ Bank and other Australian entities directly involved in the 1MDB theft and money laundering scandal even as their counterparts in the UK, US, Singapore ,Switzerland and even Hong Kong do so has been reported at length by this writer.
Now comes news via Australian media which explains the reason:
Prime Minister Malcolm Turnbull will today announce a deal with the US to resettle hundreds of refugees, with talks under way for other nations, including Malaysia.
Any deal with Malaysia will require Malaysian PM Najib's personal approval, even as the US Department of Justice and other enforcement agencies pursue and prosecute his associates for a range of offences which led to this transaction ,which is particularly embarrassing for one of the Australian financial system's Four Pillars , ANZ Bank
The Turnbull-Najib deal also explains why the ANZ and its CEO Shayne Elliot have been allowed to get away with misleading Parliament. See :