Sunday, November 10, 2019

NSW LPAB Chairman Bathurst who granted Top Group its history making right to issue LLB degrees could stay in job till 2023: Bathurst CJ will be around to swear in Top Group law grads as officers of His Honour's Court.

by Ganesh Sahathevan



NSW Chief Justice Tom Bathurst says he is "still enjoying the job". Wolter Peeters,AFR Chief Justice Bathurst told the AFR's Michael Pelly was his "present intention" to serve until the end of February, 2022. However, he noted that he can continue to preside until March 17, 2023 (when he turns 75).


The Chairman of the NSW Legal Profession Board ,the NSW Chief Justice Thomas Bathurst has told the AFR that he could stay in his job until 2023.

He is responsible for granting political donor Zhu Minshen's Top Education Group Ltd the first ever right to issue LLBs in Australia granted a private company that is not a university.


Together with NSW AG Mark Speakman Bathurst has denied all requests for information on that decision, choosing instead to evade the issue by accusing this writer of harassment via "numerous emails". By remaining chief justice until 2023 Bathurst will be in a position to swear-in the first few batches on Top Group law graduates as barristers and solicitors of the Supreme Court Of NSW. To do so he will rely on documents issued by Zhu Minshen as principal of Top Education Group, a right bestowed by Bathurst and his LPAB despite Zhu's colourful history. 


While Bathurst is the chairman of the LPAB he appoints a presiding officer or officers to act in his place.While this may in a legal sense distance him from the decisions of the LPAB, public perception is a different matter. 

As previously reported by this writer the LPAB has not disclosed completely its dealings with Zhu Minshen . Despite the scandal surrounding him and Top Group, as well as his co-venturer Amen Lee, Top Group reported that its LPAB review "went smoothly".

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AMBank and ANZ boards of directors no longer shielded by management : Shayne Elliott exposed, denial now even less believable

by Ganesh Sahathevan



Shayne Elliot
case of denying everything. It appears now that
they did so with documents prepared to enable
plausible deniability





The revelations of Norhayati Yusof  suggest that the AMBank and AMMB boards may have based their 1MDB related statements, reflected in board minutes and published via mass media and stock exchange announcements,  on documents drafted to enable them to deny knowledge of the 1MDB transactions.


Ms Yusof's revelations suggest that AMBank and ANZ are pursuing a strategy of plausible deniability ie that the transactions involved were so complex that they could not possibly have known where the money paid into Najib Razk and SRC's AMBank accounts came from or went to.
The strategy seems to have been based on documents prepared by management to reflect that belief ,regardless of the facts.


This plea of ignorance is being made together with other statements that accuse the journalists concerned in making the 1MDB theft public of ,in essence, having made up the whole story about the 1MDB theft. These statements are being made despite the DOJ and other government agency findings, and the recent revelations in the criminal trials of Najib Razak. 

Again, it is now for the MACC and Bank Negara to do their part; this far it is the DOJ and other foreign agencies that are doing their work for them.

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SEE ALSO

uesday, October 8, 2019


"AmBank purposely hid facts on bond subscribers from 1MDB - Shahrol Azral Ibrahim Halmi, former 1MDB CEO, in court under cross examination about the ANZ managed AMBank

by Ganesh Sahathevan





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 "AmBank purposely hid facts on bond subscribers from 1MDB - Shahrol
10.30am - AmBank Group purposely hid facts from 1MDB on Aktis Capital and Country Group being secondary subscribers of 1MDB bonds in 2009, a witness tells the court.
Shahrol Azral Ibrahim Halmi, who is a former 1MDB CEO, testifies this under cross-examination by lead defence counsel Muhammad Shafee Abdullah.
He, however, declines to speculate on why the bank might have wanted to do so.
Shafee: So you are going on record that you were never informed by Ambank that Aktis and Country Group was involved as secondary subscribers?
Shahrol: Yes.
The witness then agrees to a suggestion by Shafee that given the hindsight of the situation now, AmBank had purposely hidden the facts.
Earlier, Shahrol testifies that 1MDB board of directors had in Oct 2009 summoned AmBank to explain why 1MDB only received some RM4.3 billion for its RM5b Islamic medium-term notes (IMTN), instead of its face value.
He says that presentation by AmBank to the board did not reveal about Aktis and Country Group being 1MDB's secondary board subscribers. 
According to Shahrol, they were only told that 1MDB bonds were subscribed by the EPF, Socso, and insurance companies.
The witness adds that the most vocal board member who queried about the IMTN value was 1MDB chairperson then, Bakke Salleh (above).
Jho Low was sole link between 1MDB, ex-CEO and Najib, court hears
10.15 - Jho Low was the sole link between then 1MDB CEO Shahrol Azral Ibrahim Halmi and its sole shareholder Najib Abdul Razak, the High Court hears.
Shahrol, the 9th witness, says this during cross-examination by lead defence counsel Muhammad Shafee Abdullah.
Shafee is asking Shahrol about wanted businessperson Jho Low's role in 1MDB meetings.
"He (Low) was the sole link between 1MDB, me and sole shareholder Najib," Shahrol testifies.
When Shafee asks who was the sole shareholder of 1MDB in 2009, he replies it was Minister of Finance Incorporated.
Najib was finance minister and later prime minister in 2009.
Verbal spar erupts between Shahrol and Shafee over RM5b bond issue
9.57am - Shahrol Azral Ibrahim Halmi and lead defence counsel Muhammad Shafee Abdullah verbally spar over whether the former 1MDB CEO had tried to find out what happened to the sovereign wealth fund's RM5 billion bond issue in 2009.
It happens during cross-examination when Shafee asks Shahrol whether the witness had queried AmBank, which was arranging the bond issue, on the breakdown of the bond issue.
When Shahrol answers "I do not know", Shafee (photo) reminds the witness that he, as then 1MDB CEO, had the right to ask about it.
Shahrol: I did not (ask) at the time.
Shafee: You have the right to ask.
Shahrol: I do not know. You are telling me as a defence counsel. I need advice from counsel (prosecution).
Shafee: Why do you need to ask (prosecution)? You were 1MDB CEO.
Shahrol: I do not know.
Matters calm down when Shahrol reveals that the 1MDB board on two occasions in 2009 called AmBank to explain the matter."


SEE ALSO 

Ambank conspired with Jho Low: Najib Razak 's defence continues to point the finger at ANZ managed AMBank

Saturday, November 9, 2019

AMBank threat to 1MDB whistleblowers, journalists of "carnage" suggests a cover-up; onus on Bank Negara, MACC to act

by Ganesh Sahathevan















Norhayati Yusof 

Vice President - Compliance Governance, Group Compliance, AmBank Group


  • Kuala Lumpur, Kuala Lumpur, Malaysia 
  •   

This is not what one expects from a senior bank officer in charge of compliance and governance, but then again she is Malaysian,  where customs and traditions are such that threats of divine intervention that would wreak "carnage" in answer to prayers are common:





Norhayati Yusof Mujahidin Zulkiffli you’re assuming? Do you guys even have a clue of what went on and still goes on in AmBank? How many innocents and whistleblowers sacrificed themselves so assholes such as these can claim knowledge? I will tell you this, if all the innocents in AmBank doa against all these assholes, there’d be carnage. Seriously.
1





The response, especially read in full , suggests a cover-up. The onus is now on onus on Bank Negara, MACC to act.

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