Thursday, January 13, 2022

UK lawyer and Chinese spy Christine Lee outed by MI5 for targeting UK prime ministers, MPs, like Zhu Minshen did in Australia - Zhu's law school still licensed to issue Australian law degrees, NSW LPAB & its chairman Tom Bathurst still refusing to provide an explanation

by Ganesh Sahathevan 



                             Zhu Minshen and current PM Scott Morrison 


The Guardian and others have reported that MI5 has made public the activities of Christine Lee a Chinese spy in the UK in an apparent attempt to frustrate her activities, and warn the politicians she had befriended. 

Australian readers will see similarities between the activities of Lee and the CCP linked Zhu Minshen of Sam Dastitayari infamy:


Chinese donor Dr Minshen Zhu's happy snaps with Australia's top leaders


Zhu passed away last year but despite Zhu's activities in Australia, the law school he founded and which is owned by Top Education Group (which his estate still controls) continues to exercise the right to issue Australian law degrees, granted by the NSW Legal Profession Admission Board which is chaired by the Chief Justice NSW Tom Bathurst: 

Top Education Group Principal Zhu Minshen has passed away- Meanwhile TEQSA, NSW LPAB maintain silence, refuse to account for their series of curious decisions in favour of Zhu and his Top Group



TO BE READ WITH 

Chinese spy who targeted UK Prime Ministers: Communist agent was in David Cameron's delegation to China, got an award from Theresa May and paid for MP's trip to Beijing over a decade in halls of power

  • Chinese ‘spy’ outed by MI5 targeted the ‘highest levels of Government’ 
  • Spy chiefs yesterday a security alert to MPs over solicitor Christine Lee
  • She sought to influence politicians and established links 'right to the top'

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A Chinese ‘spy’ outed by MI5 targeted the ‘highest levels of Government’, including former prime ministers, it was revealed last night.

In an unprecedented move, spy chiefs yesterday issued a security alert to MPs over solicitor Christine Lee, 58.

She sought to influence a string of politicians and succeeded in establishing powerful links ‘right to the top of the British establishment’, security sources said

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A warning memo sent to MPs said her ‘political interference activities on behalf of the Chinese Communist Party’ have been secretly monitored by the security services for years.

The twice married mother of two from the West Midlands has openly given around £670,000 to the Labour Party since 2005, including donating more than £600,000 to Brent North MP Barry Gardiner – who employed her son.

But yesterday it was revealed she also courted a wide range of Tory and Labour MPs, cultivating contacts with cabinet ministers and prime ministers in what was described by MI5 as a deeply sinister campaign of ‘interference across British democracy’. 

A Chinese ‘spy’ outed by MI5 targeted the ‘highest levels of Government’, including former prime ministers, it was revealed last night. In an unprecedented move, spy chiefs yesterday issued a security alert to MPs over solicitor Christine Lee, 58

A Chinese ‘spy’ outed by MI5 targeted the ‘highest levels of Government’, including former prime ministers, it was revealed last night. In an unprecedented move, spy chiefs yesterday issued a security alert to MPs over solicitor Christine Lee, 58

She sought to influence a string of politicians and succeeded in establishing powerful links ‘right to the top of the British establishment’, security sources said

She sought to influence a string of politicians and succeeded in establishing powerful links ‘right to the top of the British establishment’, security sources said

Ms Lee is pictured shaking hands with Chinese President Xi Jinping

Ms Lee is pictured shaking hands with Chinese President Xi Jinping

Priti Patel: Security notice about Chinese lawyer puts MPs on alert
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Last night the Home Secretary Priti Patel warned of more national security alerts to follow, saying the UK had ‘other adversaries’ who would ‘look to interfere or come into our country in some shape and way’.

In an extraordinary security scandal, the Communist agent was welcomed into Downing Street in 2019, where she received an award from then-prime minister Theresa May in recognition of her contribution to good relations with China.

The award was rescinded last night, but Mrs May praised her at the time for ‘promoting engagement, understanding, and cooperation between the Chinese and British communities in the UK’, adding: ‘I also wish you well with your work to further the inclusion and participation of British-Chinese people in the UK political system.’

And she received a Woman of the Year gong from the GG2 Leadership Awards in 2013.Miss Lee also formed close links with David Cameron when he was prime minister as the only Chinese member of his 2010 business delegation to China.

Last night there were questions about how she managed to get so close to Downing Street, given her prominent position within the hostile state as a photograph emerged of her shaking hands with Chinese president Xi Jinping.

The impeccably connected Chinese spy hid in plain sight while cosying up to MPs by offering donations, hampers and paying for trips abroad.

Miss Lee has been chief legal adviser to the Chinese embassy in London and a legal adviser to the Overseas Chinese Affairs Office, an agency overseen by the United Front Work Department (UFWD), which manages the vast network of influence of the Chinese Communist Party (CCP).

Yet she was also the secretary of the Inter-Party China Group of the British Parliament. 

A photo of Ms Lee in front of 10 Downing Street in 2019 shows the iconic door draped with red banners displaying New Year couplets in Chinese characters and announcing the 'Golden Era' of Sino-British relations. She is accompanied by Alex Yip, a Tory councillor in Birmingham and vice-chairman of the British Chinese Project

A photo of Ms Lee in front of 10 Downing Street in 2019 shows the iconic door draped with red banners displaying New Year couplets in Chinese characters and announcing the 'Golden Era' of Sino-British relations. She is accompanied by Alex Yip, a Tory councillor in Birmingham and vice-chairman of the British Chinese Project 

Pictures posted to Facebook show Ms Lee with prominent politicians including former Labour leader Jeremy Corbyn, deputy Tom Watson and disgraced ex-MP Keith Vaz

Pictures posted to Facebook show Ms Lee with prominent politicians including former Labour leader Jeremy Corbyn, deputy Tom Watson and disgraced ex-MP Keith Vaz

Ms Lee, a London-based solicitor and a former chief legal adviser to the Chinese embassy in London, speaking to former Labour leader Jeremy Corbyn in 2016. She is also the secretary of the Inter-Party China Group at Westminster.

Ms Lee, a London-based solicitor and a former chief legal adviser to the Chinese embassy in London, speaking to former Labour leader Jeremy Corbyn in 2016. She is also the secretary of the Inter-Party China Group at Westminster.

Gardiner insists he was 'cautious' when dealing with Christine Lee
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Since 2005, she has donated large sums to Labour. She gave about £670,000 to the party, mostly to Jeremy Corbyn ally Mr Gardiner, almost all of it for his staffing costs. In 2014 she helped sponsor a Chinese Liberal Democrats’ dinner to support the party’s then-candidate for Somerton and Frome, Sarah Yong.

According to the alert sent to all MPs and peers in Westminster yesterday, she also made covert payments to serving and aspiring MPs on behalf of politicians in China and Hong Kong.

The MI5 message said: ‘The UFWD seeks to cultivate relationships with influential figures in order to ensure the UK political landscape is favourable to the CCP’s agenda and to challenge those that raise concerns about CCP activity, such as human rights. Lee has been engaged in the facilitation of financial donations to political parties, parliamentarians, aspiring parliamentarians, and individuals seeking political office in the UK, including facilitating donations to political entities on behalf of foreign nationals.’

In an accompanying letter, Commons Speaker Sir Lindsay Hoyle said among those targeted was the now-disbanded Chinese in Britain All Party Parliamentary Group, of which Mr Gardiner was chairman.

Last night there was no sign of her at the £985,000 home on a gated estate in Solihull, West Midlands, which she shares with her British solicitor husband.

Miss Patel said it was ‘deeply concerning’ that an individual ‘who has knowingly engaged in political interference activities on behalf of the Chinese Communist Party has targeted parliamentarians’. But she suggested the activity was ‘under the criminal threshold’.

The Home Secretary warned: ‘We’re speaking specifically right now about the CCP, China, but we live in a world where we have other adversaries, and they all look to interfere or come into our country in some shape and way. We are big players internationally, the United Kingdom, our place in the world is very strong. And so we’re naturally a country of interest. I think it’s fair to say in the future, we’ll see more alerts of this nature.’

It comes at a time of hardening attitudes toward China at the top of Government, culminating most recently in a diplomatic boycott of the Winter Olympics.

Sir Iain Duncan Smith, who has been involved in helping Hong Kong-Chinese people flee the Communist regime, expressed concern they could now be at risk as a result of Lee’s activities. 

Monday, January 10, 2022

Water damage and flood damage are not the same thing, and flooding in Malaysia is often caused by man, not God-Malaysian general insurers attempts to avoid claims from vehicle owners affected by recent floods not as easy as insurers would like the public to believe

 by Ganesh Sahathevan 

There has been much commentary in Malaysia about the lack of insurance coverage for owners of motor vehicles whose vehicles have been affected by the recent floods.

In essence, motor vehicle owners have been told that unless they chose and paid for the flood cover option, they are not covered.

However, water damage and flood damage are not the same thing, and the issue may well be about the type of damage the vehicles have been insured against. 

Then,  flooding in Malaysia is often, at least in the Klang Valley, caused by developments that have ignored if not recklessly altered terrain and waterways.  The Act Of God escape clause often relied upon by general insurers  may not be available. 

Vehicle owners need to take a good hard look at their insurance policies, and avoid the temptation to interpret technical documents without the assistance of a good, sensible lawyer.


TO NE READ WITH 






TO BE READ WITH 

Saturday, January 1, 2022

Malaysia's general insurers suffer flood damage payouts in the face of a declining stock market and the loss of Bank Negara's protective mantle

 by Ganesh Sahathevan 


       KLCE simple moving average and moving average convergence divergence (MACD) indicators.   2017-2021




Malaysia's general insurers are reported to have suffered  potential flood damage payouts of USD 718 Million, or approximately MYR 3 Billion. 

They do so in the face of a stock market that has been on a downward trend for the past five years (see graphs above).Investing premiums in stocks is how insurance companies in Malaysia make their money, and the declining market is quite likely to have eaten into their surpluses.

Worse,  they are likely to have to do so without Bank Negara's protective mantle. There has always been a cosy relationship between Bank Negara and the owner-managers of the financial institutions the Bank is supposed to supervise which has in the past allowed the financial institutions to continue in business even when there were serious financial problems. 

The Bank however has been the subject of some recent adverse  disclosures with regards the 1MDB scandal and it is no longer, as a result, the politically influential body that could provide its friends protection. 

More to the point, the majority of flood victims are Bumiputera. Any attempt by the insurers to evade payouts will face intense political scrutiny, and is likely to fail. 


TO BE READ WITH




Malaysian insurance group estimates flood claims payout at $720mn

December 29, 2021


The General Insurance Association of Malaysia (PIAM) has estimated the total payout from claims as a result of the floods that swept across Malaysia recently could total RM3 billion (USD720 million).

These estimates include actual and potential personal lines and commercial risks claims directly resulting from the recent flash floods and the upcoming monsoon season.

The country saw three days of torrential rain over a weekend which has caused severe flooding in eight states, partially submerging a number of towns and villages.

The government has come under fierce criticism for not issuing warnings in time and being slow to respond, with fears of the death toll rising sharply as more bodies are found.

As of the 27th, an estimated 51,000 people had been evacuated from their homes, of which most were from Pahang on the eastern coast of the Malay peninsula, one of the worst-hit states.


In addition to above estimated total claims payout for this event, the general insurance industry is donating and contributing RM2.43 Million to a newly established Flood Relief Fund.

The fund is a Corporate Social Responsibility (CSR) initiative to support the adversely affected motoring community during these difficult times.

This initiative has been designed to help expedite claims settlement, provide additional special relief measures, and further ad hoc ex-gratia assistance, as determined by individual general insurers.

This CSR assistance will initially be in the form of a subsidy towards a clean-up at workshops for vehicles directly affected by the floods, capped at a one-off per vehicle subsidy of RM500 for cars and commercial vehicles, and RM100 for motorbikes.

Claimants will need to produce requisite evidence of flood damage to their vehicles and proof of previous insurance cover, which must be either currently insured or a vehicle that was last insured on 1st June 2021.

At this stage, the fund will be closed once the pledged amount of RM2.43 million has been exhausted.

Saturday, January 8, 2022

Securities Commission wants answers from Azmi Baki about share ownership, but what about BVI, Cayman, Labuan incorporated shareholders of BursaMalaysia listed companies?

 by Ganesh Sahathevan 


The Securities Commisison Malaysia has directed MACC chief Azmi Baki to provide details of his share ownership (see details above, click to enlarge).

Meanwhile, it does not appear as if the SC has done anything about ascertaining and making known the ultimate beneficiaries of BVI, Cayman and Labuan incorporated shareholders of Bursa Malaysia listed companies whose identities remain secret. 

This has been a long standing problem for anyone seeking any kind of transparency in shareholding of the companies affected. The extent of the problem can be demonstrated by searching the Bursa website using the relevant search terms.

END