Wednesday, December 11, 2019

KPMG adds a scandal at the Vatican to its 1MDB issues: Vatican scandal involved Cardinal Pell, who tried to prevent it

by Ganesh Sahathevan


Don't Ask Us! - KPMG Global's Astonishing Response on 1MDB
SarawakReport story Don't Ask Us! - KPMG Global's Astonishing Response on 1MDB explains KPMG's capacity to deny anything.







As reported by the National Catholic Register, in its new story 
Tangled Web of Transactions Utilized to Fund Bankrupt Italian Hospital:

A key reason why Vatican officials believed they had no option but to take this route was because the Institute for Works of Religion (IOR), better known as the Vatican Bank, had already refused to issue the loan on the grounds it was too risky and would be in breach of its new practices.
Cardinal Pell concluded this was why Cardinal Calcagno, Cardinal Giuseppe Versaldi, then-president of CFIC, and Giuseppe Profiti, then-president of the Bambino Gesù, insisted on obtaining the loan guarantee from the children’s hospital, along with the fact that they knew that the children’s hospital had extensive funds to draw upon. All three underwrote the loan guarantee from the Bambino Gesù, according to documents examined by the Register.
But before doing so, they tried to win over Cardinal Pell and the Pope by hiring the accountancy giant KPMG to conduct a feasibility study to show how the loan could and would be repaid. But when Cardinal Pell’s office asked that KPMG sign their study, the firm refused to do so. The Register has asked KPMG’s Italian branch, which conducted the study, why the accountant group was unwilling to endorse it, but so far has received no response.
On the strength of the study, Pope Francis and Cardinal Parolin went ahead with the 50 million-euro loan despite opposition from Cardinal Pell and others — something the Vatican source said became a pattern.


KPMG's latest effort adds to its involvement in the 1MDB scandal:

Mar 24, 2015 - Sahathevan asked whether KPMG Global had been aware of any of the transactions relating to 1MDB outlined in the expose? He added that:.
Oct 22, 2019 - The chief commissioner, Peter Hall, appeared before NSW parliament to deliver a dire warning about the $673,000 in cuts forecast for next ...
Mar 27, 2015 - KPMG International does not have any relationship with — or connection to — 1MDB,” Wethered wrote in an email to Ganesh Sahathevan, ...
Mar 26, 2015 - KUALA LUMPUR (Mar 26): KPMG International has denied any ... Malaysian investigative financial journalist, Ganesh Sahathevan, who had ...

Formation of the Belt and Road International Lawyers Association can lead to a conflict between legal professional privilege and national security matters-National security must prevail

by Ganesh Sahathevan

On December 8, the "Belt and Road" lawyers alliance was announced in Guangzhou, China.  Photo by Li GuangyinOn December 8, the "Belt and Road" lawyers alliance was announced in Guangzhou, China. Photo by Li Guangyin


The following Twitter post from China analyst Geoff Wade raises an immediate conflict between the national security interests of countries such as Australia and Singapore who are concerned about
Chinese Communist Party interference in their countries' affairs, and the capacity of lawyers to hide literally anything behind the cloak of legal professional privilege.

The Belt and Road International Lawyers Association (BRILA) provides a channel via which information can be conveyed from China to trusted BRILA member firms with the confidence that the information is protected by legal professional privilege (LPP), which is generally recognized, respected and protected in most common law countries.

LPP is vital to the survival of the legal business and it is likely that any attempt to obtain information by national security agencies will be vigorously denied. Regardless, national security must prevail.





The Belt and Road International Lawyers Association established. Wang Junfeng王俊峰, global chairman of King & Wood Mallesons, head of All-China Lawyers Association and CPPCC member, appointed as inaugural chairman news.sina.com.cn/c/2019-12-08/d
8:59 PM · Dec 9, 2019Twitter Web Client

END

The fastest way to reduce Sydney's "not normal" temperature is to replace these buildings with trees:Will NSW Minister Matt Kean be brave enough to do it

by Ganesh Sahathevan


First the headline:


Doing nothing is not a solution': Matt Kean blames climate crisis for bushfires
NSW environment minister splits with federal Coalition to urge immediate emissions reduction, saying weather conditions are exactly what scientists warned

Worldwide emission reduction takes time, but since Kean says there is an emergency,he can start by ordering the replacement of all these buildings with trees.The impact on local temperature is likely to be immediate.

Given the emergency there is no time to impose a carbon tax,as previously suggested. 

END 

A climate change tax on the waterside mansions ,high rises of Manly, Northern Beaches, Wentworth and other seaside locations where rich people live. Rich must pay for causing urban heat islands 

by Ganesh Sahathevan



introduction-4-1200x600

One The Waterfront, Wentworth Point NSW


Image result for manly wentworth  waterfront

Manly, NSW 2095



During the Wentworth by-election campaign and now in Manly in the charge of the "independents" Get Rid Of Tony Abbott campaign constituents have had plenty to say about the need for a carbon tax but said nothing about their direct contribution to the problem of higher temperatures in Sydney. The issue is quite simple; the rich in places like Wentowrth and Manly,and all along the Northern Beaches like to live in large concrete properties,,either in houses or high rise apartments. To do so they trees and clear the greenery such that cool ocean breezes blowing inland are warmed up in these urban heat islands.


Subsequently the further one lives from the waterfront, the less the cooling effect. This warming effect has been studied and documented with regards other regions; the impact of Singapore's urbanization on Johor Bahru is an example( see articles below). 

The policy prescription is then quite simple;those who live on the waterfronts ought to pay a penalty, which can go to subsidizing the costs inlanders suffer in higher cooling bills. We can start with the good people of Wentworth who are determined that Australians should suffer a carbon tax.

END 








 1. Introduction Urban development in rapidly urbanizing regions, such as Southeast Asia, requires comprehensive planning and consideration of local characteristics. Tropical and subtropical cities, with their high temperatures and humidity, are particularly affected by increasing air temperature in relatively densely built-up areas. Increase in air temperature is in turn associated with higher cooling loads and hence higher energy consumption (Santamouris et al., 2001). Many major cities developed therefore strategies to ensure sustainable urban development. However, in regard to urban climate, proposed development strategies are limited to the borders of the city or the country. A comprehensive understanding of interactions between two major cities on their urban climate needs further investigation. This study aims to assess the interaction between the development in Singapore and Johor Bahru on urban climate and formation of Urban Heat Island (UHI). Despite relatively low wind speed, the characteristic wind flow pattern in this region is expected to impact the occurrence of UHIs in Singapore and Johor Bahru and provide some understanding on cross-boundary mitigation strategies. Johor Bahru is located in the southern-most tip of Peninsular Malaysia and is the second largest city after Kuala Lumpur. Singapore is a city-state, located on an island south of Johor Bahru. Both cities are separated by the Strait of Johor (see figure 1). Recently, Johor Bahru is experiencing rapid development in the course of the implementation of the Comprehensive Development Plan (CDP) 2006. The CDP proposes strategic interventions to promote economic growth and improve quality of life in South Johor. Singapore, in contrast, almost reached its physical limits for further development. By 2030, Singapore will develop about 7.3% of land to meet its future land requirements. The wind flow over Peninsular Malaysia is determined by southwest and northeast monsoon, and by intermonsoon seasons. From June to September, southwesterly winds prevail, whereas from November to March the prevailing wind direction is northeast. In the intermonsoon season, wind flow is light and variable. Uniform and periodic changes of wind flow during summer and winter were of particular interest for this study. 


4. Conclusion 
The assessment of the current development in JB and Singapore shows an impact on the urban climate and UHI. Various factors including geographic location, seasonal wind changes, and urban morphology of both cities result in a unique constellation which affects the air temperature in the CBD of JB and Singapore. Despite a constant cool sea breeze during the SW-monsoon, cooler air temperature in the city center of JB cannot be observed. In case of Singapore, there is a clear indication of sea breeze effect that reduces the air temperature along the southern coast of Singapore below the values in rural areas. Comprehensive regional planning, including JB and Singapore may benefit future development of this metropolitan region by taking into account the building and street layout and the prevailing wind directions during the dominate monsoon seasons. Further research on the urban scale may results in findings that contribute to sustainable urban development of JB and Singapore.


AND, climate has been found to have an impact on the flows and evaporation rates of the Johor River Basin ,from which Singapore draws its water:

Hydrological Sciences Journal/Journal des Sciences Hydrologiques (Impact Factor: 1.55). 09/2014; 60(5). DOI: 10.1080/02626667.2014.967246
ABSTRACT
This study aims to investigate separate and combined impacts of land-use and climate changes on hydrological components in the Johor River Basin (JRB), Malaysia. The Mann-Kendall and Sen’s slope test were applied to detect the trends in precipitation, temperature and streamflow of JRB. The Soil and Water Assessment Tool (SWAT) was calibrated and validated using measured monthly streamflow data. Validation results supported that SWAT was reliable in the tropical JRB. The trend analysis showed that there was an insignificant increasing trend for streamflow, whereas significant increasing trends for precipitation and temperature were found. The combined (land-use + climate change) impact caused the annual streamflow and evaporation to increase by 4.4% and 1.2%, respectively. Climate (land-use) raised annual streamflow by 4.4% (0.06%) and evaporation by 2.2% (−0.2%).Climate change imposed a stronger impact than land-use change on the streamflow and evaporation. These findings are useful for decision makers to develop better water and land-use policies.

Impacts of land-use and climate variability on hydrological components in the Johor River basin, Malaysia (PDF Download Available). Available from: https://www.researchgate.net/publication/266616485_Impacts_of_land-use_and_climate_variability_on_hydrological_components_in_the_Johor_River_basin_Malaysia [accessed Feb 14, 2016].

END 

Tuesday, December 10, 2019

Najib sues AMBaink,action against ANZ .Gonski and co must follow

by Ganesh Sahathevan



Deafening Silence Out Of Australia Over 1MDB's Connection To Top Bank ANZ

 Deafening Silence Out Of Australia Over 1MDB's 


The Edge has reported:

Najib is suing (AMBank) and AmBank Islamic, as well as former AmBank relationship manager Joanna Yu Ging Ping, over what he claimed were the dealings that were undertaken via his accounts which ended with the numbers 694, 880, 898 and 906, without his knowledge or consent.
These accounts were alleged to have been used to divert funds from SRC International Sdn Bhd, where Najib is facing graft and power abuse charges for the siphoning off of RM42 million from the former 1MDB subsidiary.
In the court document filed and sighted by theedgemarkets, Najib claimed the defendants had breached their duties and were negligent in the affairs relating to the accounts, as the parties had liaised with fugitive businessman Low Taek Jho or Jho Low, an unauthorised third party.

This writer noted more than three years ago that Najib had even then started pointing the finger of blame for the 1MDB theft at his bankers, the ANZ managed AMBank. It is now even harder to see how ANZ and its directors, led by chairman David Gonski,are going to escape liability for the multibillion dollar loss that is 1MDB.

END

SEE ALSO







In his defence,Najib pointed the finger at AMBank, ANZ, Gonski & co. 

by Ganesh Sahathevan

Readers were reminded yesterday that in October last year Malaysia's
Ministry of Finance' said the  transfer of US$11.95 million from its SRC BSI accounts was authorized at the highest level. Singapore prosecutors have since provided evidence that the transfer was fraudulent, 

The transfer is of interest to parties investigating the movement of funds into Malaysian PM and Finance Minister Najib Razak's AMBank/ANZ accounts for some of those funds are believed to be from SRC. The Sarawak Report investigative news site first broke the story and explained the flow of funds with this diagram



These transfers are the subject matter of a defamation action brought by PM Najib against veteran Malaysian politician Ling Liong Sik.In one of the related affidavits Najib swore that while the funds were transferred to his account , he was unaware of its origin. 
Najib was in effect claiming that his bank, AMBank, mamanged by ANZ, and reporting in part to the ANZ board led by David Gonski, failed in its duty under Malaysian and Australian AML/CTF laws to ascertain the origin of those funds and advice him accordingly. 
END













Sunday, December 8, 2019

Lawyers take note: This trait that makes others a success can deem you "Not Fit And Proper" in the eyes of the NSW LPAB

by Ganesh Sahathevan


Readers will be aware that this writer has been found not fit and proper for admission to practise law in NSW (see story below).

Among the findings against this writer was the finding that this writer appears to have a problem with authority; examples of how this writer has demonstrated disrespect for the Chief Justice, the Governor, the Attorney General, and especially the senior managers of the College Of Law (to whom the NSW LPAB feels this writer owes an apology, to each and everyone concerned , individually).

So, it was with some degree of consolation that this writer read this recent study into the traits of millionaires and billionaires
Many ultra-wealthy people are great leaders, but that doesn’t mean they’re good at being led.
A psychological study of 43 ultra-high net worth individuals from across the globe by German researcher Rainer Zitelmann found that one of the personality traits many of them share is a problem with authority.

Having said that,coming from the Ceylon Tamil community which has produced most of Malaysia and Singapore's lawyers,this writer is more than familiar with the protocols of addressing judges,and can say that that acceptable conduct that  has been witnessed in Australia, and in particular NSW  would be regarded as  evidence of poor upbringing by Asian standards. 

END 



Bizarre blog claims used to deny man right to practise law

Former Malaysian prime minister Najib Razak.Former Malaysian prime minister Najib Razak.


The body overseen by Chief Justice Tom Bathurst responsible for deciding who can practise law in NSW relied on a wildly defamatory Malaysian blog depicting ABC journalists, former British prime minister Tony Blair, financier George Soros and others as part of a global conspiracy when deciding to deny a would-be solicitor a certificate to practise.

Chief Justice Bathurst and Legal Practitioner Admission Board executive officer Louise Pritchard declined to answer The Australian’s questions about how the article came into the board’s hands and why its members felt the conspiracy-laden material could be relied upon as part of a decision to deny Sydney man Ganesh Sahathevan admission as a lawyer. Nor would either say which of the 10 members of the LPAB, three of whom are serving NSW Supreme Court judges, was on the deciding panel.

Ms Pritchard has left her role at the LPAB since The Australian began making inquiries in September. The article, published in December 2017 on website The Third Force, accuses Mr Sahathevan of engaging in a conspiracy to attack then Malaysian prime minister Najib Razak.

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Mahathir Mohamad, who returned as prime minister after toppling Mr Najib in elections held last May, is also smeared as a participant in the globe-spanning conspiracy.

Mr Najib was under pressure at the time over the country’s sovereign wealth fund, 1MDB, which the US Department of Justice says has been looted of billions of dollars that was spent on property, art, jewels and the Leonardo DiCaprio film, The Wolf of Wall Street.

Malaysian authorities have charged Mr Najib with dozens of corruption offences that could attract decades in jail over his role in the 1MDB scandal, which allegedly included the flow of about $US1 billion through his personal bank account.

The article’s author, Malaysian political operative and Najib loyalist Raggie Jessy, also accused Rewcastle-Brown, Stein and Besser of receiving money, totalling millions of dollars, to participate in a Four Corners program exposing the 1MDB scandal that aired on the ABC in March 2016.

There is no suggestion any of Mr Jessy’s bizarre allegations are true. However, the LPAB cited the piece when denying Mr Sahathevan admission as a lawyer in an undated and unsigned set of reasons sent to him on August 3 last year.

It used the article as evidence in a passage dealing with legal conflicts between Mr Sahathevan, who has largely worked in the past as a journalist, his former employer, Malaysia’s Sun Media Group, and the company’s owner, tycoon Vincent Tan.

In that context, the board said the Third Force article reported “that Mr Sahathevan was investigated for blackmail, extortion, bribery and defamation”. While the article claims that blackmail, extortion, bribery and defamation “are but some of the transgressions many from around the world attribute” to Mr Sahathevan, The Australian was unable to find any reference in it to an investigation into him on these grounds.

It is unclear why the board felt the need to rely on the article, as it also made adverse findings about Mr Sahathevan’s character based on a series of other allegations including that he used “threatening and intimidating” language in emails to the College of Law and the NSW Attorney General and did not disclose his sacking from a previous job to the board.

Mr Sahathevan has denied the allegations in correspondence with the board.

The board also cited evidence that one of Mr Sahathevan’s blogs on Malaysian politics was banned by the Najib regime as indicating his poor character.

In an email to Chief Justice Bathurst, sent on August 30, Rewcastle-Brown said her site, Sarawak Report, which exposed much of the 1MDB scandal, was banned by the Malaysian government.

“I along with other critics of the 1MDB scandal (which includes Mr Sahathevan) became the target of immense state-backed vilification, intimidation and online defamation campaigns on behalf of the Malaysian government,” she said.

She said the board’s use of the Third Force article against Mr Sahathevan displayed “a troubling level of misjudgment and poor quality research, giving a strong impression that someone seeking to find reasons to disqualify this candidate simply went through the internet looking for ‘dirt’ against him”.

“The Third Force has consistently been by far the most outlandish, libellous, vicious and frankly ludicrous of all the publications that were commissioned as part of former prime minister Najib Razak’s self-proclaimed ‘cyber army’ which he paid (and continues to pay) to defame his perceived enemies and critics,” she said.

Besser, who now works in the ABC’s London bureau, told The Australian: “It’s clearly nonsense and comes from the darkest corners of some pretty wild Malaysian conspiracy theorists.”

Mr Sahathevan’s application is to be reconsidered at an LPAB meeting next month (Admission has since been denied, for the same reasons, but without explicit reference to the Thirdforce story).

   
BUSINESS REPORTER
Business reporter Ben Butler has covered everything from tractors to fashion to corporate collapses. He has previously worked for the Herald Sun and as a senior business reporter with The Age and Sydney Morning...