Wednesday 22 April 2015

1MDB Presented False Documents Say BSI Singapore!

22 Apr 2015

1MDB Presented False Documents Say BSI Singapore! EXCLUSIVE


BSI's Singapore HQ at the Suntech City complex

BSI’s Singapore HQ at the Suntech City complex

Sarawak Report has been passed disturbing evidence, showing that BSI Bank has dismissed documents supplied by 1MDB relating to its Brazen Sky Limited account in Singapore, saying they are false bank statements.

The documents were supplied to various authorities by 1MDB’s CEO Arul Kanda and purported to show Brazen Sky’s statement of account in November 2014.

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.

On March 13th this information was reported back to Malaysia.

Two days earlier, on March 11th, the Minister of Finance (Prime Minister Najib Razak) had issued a Parliamentary reply to questions from the opposition DAP MP Tony Pua, confirming that the remaining $1.103 billion had already been “redeemed” from Brazen Sky’s alleged off shore fund in the Cayman Islands and stating that it was now being “kept in US currency” at BSI Bank Limited, Singapore.

However, separate insider information gained in Singapore has corroborated that there is no actual cash in the relevant Brazan Sky Limited account.
“The account merely contains ‘paper assets”, explained a source “the true value of which cannot be determined”.

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