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Tuesday, May 1, 2012

Najib Razak Baginda wants to be paid quickly?

Just who is this "Razak wants it to be paid quickly" in a handwritten note accompanying 360,000 euro (RM1.44 million) paid to a mysterious Hong Kong Company by Thint Asia (French defence company Thales International Asia)?

Is it Najib Razak the current Prime Minister of Malaysia or is it Razak Baginda, his close confidant who was implicated in the murder of Altantuya Shaahriibuu?

Read the article A mystery HK company in Scorpene scandal below courtesy of Malaysiakini and decide for yourself:

A mystery HK company in Scorpene scandal

John Berthelsen
11:11AM May 1, 2012

For a company that allegedly received at least 36 million euro (RM144 million) from an offshoot of the French defense company DCN, Terasasi (Hong Kong) Ltd is a mysterious company indeed.
It is one of at least 142 names listed on the directory on the 19th floor of a skyscraper at 3 Lockhart Road in Hong Kong's Wan Chai district.
The 19th floor's main tenant is a company called Union Alpha, the Hong Kong arm of an accounting firm that provides "professional services to meet clients' daily business needs, both in Hong Kong, Greater China and globally," including auditing and assurance services, management consulting, accountancy and other services, according to the firm's website.
There is no indication of what Terasasi's business is. It is only listed in the Hong Kong Companies Registry as a "local company".
Asked about the nature of Terasasi's operations, Monique KL Chan, a senior officer at Union Alpha, told Asia Sentinel that "we cannot discuss confidential matters of our clients."
She referred Asia Sentinel to her boss, whom she said was in a meeting. He did not immediately answer a request for a phone call.
NONETerasasi, however, is at the centre of allegations that at least some of the 36 million euro (RM144 million) was funneled through its accounts to Malaysian Prime Minister Najib Razak as a commission on the sale of two Scorpene submarines purchased from the French defence company Thales International, also known as Thint Asia.
The two directors of Terasasi Hong Kong, which was first incorporated in Malaysia, are listed in the Hong Kong Companies Registry as Abdul Razak Baginda, formerly one of Najib's closest friends, and Razak Baginda's father, Abdul Malim Baginda.
There is no indication, for instance, who Terasasi's bankers might be, but they might be beginning to take notice.
That is because Hong Kong's money-laundering law makes it an offence for bankers, lawyers or accountants to deal with property they know or have reasonable grounds to believe represents the proceeds serious crimes.
Offenders are subject to a maximum of 14 years in prison. Records must be kept on any transaction over HK$8,000, the rough equivalent of US$1,000.
Tough money-laundering laws
The Hong Kong Monetary Authority's (HKMA's) voluminous guidelines put the onus on banks and other financial institutions and their professional employees to ensure that companies follow legal guidelines on deposits.
As required by the guidelines, banks make it a common practice to subject all employees dealing with the transfer of funds to regular, detailed briefings on money-laundering statutes and the penalties involved.
The need to guard against money laundering received new impetus in 2004 when the Hong Kong Monetary Authority urged banks to be especially alert to the possibility of money laundering as the territory prepared to become an outlet for yuan-denominated deposits.
In June of that year, the HKMA issued a supplement to the territory's anti-money laundering guidelines, setting out ‘Know-Your-Customer' principles, taking account of the requirements of a paper on ‘Customer Due Diligence for Banks' issued by the Basel Committee on Banking Supervision.
ubs bank in hong kongFrench investigating magistrates Roger Le Loire and Serge Tournaire, who were appointed at the Paris Tribunal de Grande Instance, who are probing the sale of the submarines have indicated they would like to interview the Malaysian prime minister as well as Abdul Razak Baginda, who now lives in the UK.
However, any possibility that the French authorities could interview the prime minister of a sovereign state concerning bribery allegations is extremely slim - although the question could complicate any of Najib's future plans to vacation in Europe.
It is unknown if French authorities have asked Hong Kong authorities for help into looking into Terasasi's activities. Cecily Chik, a senior press information officer with the Independent Commission Against Corruption (ICAC) in Hong Kong told Asia Sentinel only that the agency does not comment on operational matters.
In addition to being a close Najib associate, Abdul Razak Baginda is the former head of a Malaysian think-tank who was at the centre of a 2006 investigation into the notorious death of Mongolian translator and party girl Altantuya Shaariibuu.
It was previously revealed on the floor of the Dewan Rakyat, Malaysia's parliament, that a company called Perimekar Sdn Bhd received another 114 million euro (RM457 million) as a commission on the sale of the vessels, from an offshoot of Thales and DCNS called Armaris.
Perimekar at the time was wholly owned by another company, KS Ombak Laut Sdn Bhd, which in turn was also controlled by Razak Baginda and his wife, Mazalinda. Perimekar is now 20 percent each owned by the military retirement system LTAT and Boustead Holdings.
Probe on three contracts
The French news agency Agence France Press recently reported that the probe by the French investigating magistrates involves three contracts for the submarines which were signed on June 5, 2002.
According to the documents, the contracts had two components: the sale of two submarines built by Thint and the Spanish shipbuilding firm Izar, for 920 million euro (RM3.7 billion); and the delivery of "logistical support" from Perimekar Bhd - the 114 million euro (RM457 million) - to train the first 200 Royal Malaysian Navy personnel although there is no indication that the company had the wherewithal to train them.
The contracts cited by AFP included the 114 million euro (RM457 million) one paid by the Malaysian government to Perimekar. The second, called "C5 contract of engineering business," was concluded in August 2000 between DCNI, a subsidiary of DCN, and Thales International Asia worth some 30 million euro (RM132 million). The third was the "consulting agreement" signed in October 2000 between Thint Asia and Terasasi.
The French investigators are also studying one of the invoices issued by Terasasi in August 2004 for 359,450 euro (RM1.44 million) sent to Thint Asia. For investigators, "it appears that... the amounts paid to Terasasi ultimately benefited Najib, the defence minister, or his adviser Razak Baginda."
abdul razak baginda pc 201108 07French authorities say Terasasi apparently received regular payments from Thint Asia, including one for 360,000 euro (RM1.44 million) that was accompanied with a handwritten note saying "Razak wants it to be paid quickly." There is no indication if the Razak in question was Najib Razak or Razak Baginda (left).
The magistrates have documents that show that the money was funneled from Thint Asia to Terasasi - 3 million euro (RM12 million) when Terasasi was still domiciled in Malaysia, and 33 million euro (RM132 million) after it was incorporated in Hong Kong.
There is no indication at this point where the money went. French investigators, however, theorise that it was part of 146 million euro (RM585 million) that may have been funneled to officials of Umno and Najib, who traveled with Abdul Razak Baginda several times to France as defence minister at the time the Malaysians purchased the submarines from DCNS.
On at least one trip in 2004, Altantuya, then Razak Baginda's lover, accompanied him to France as a translator. He later jilted her, impelling her to come to Kuala Lumpur to demand US$500,000 (RM1.5 million) from him. In a handwritten letter found after her death, she wrote that she was attempting to blackmail him, although she didn't say why.
Two of Najib's bodyguards were convicted of shooting her in the head and blowing up her body with plastic explosives in September 2006, possibly to hide the fact that she was pregnant when she was killed.
Because her killing does not appear to be connected to the scandal, French investigators are not looking into the causes of her death or the reasons behind it.
Although Razak Baginda was charged with abetting her murder, he was released without having to put up a defence.
Najib's former bodyguards remain on death row in Malaysia. Their appeal against the death penalty has been delayed, presumably until after national elections that had been expected June this year although elections plans may have been derailed by a massive rally on April 28 calling for election reform.
Money used for bribery was tax deductible
Under the bribery conventions of the 32-member Organisation for Economic Cooperation and Development, the French defence contractors could be liable for criminal sanctions if it is proven that no real services were delivered by the companies. Under French law, violators are liable for up to 10 years in prison.
NONEJoseph Breham (right), a lawyer with Solicitors International Human Rights Group which was engaged by the Malaysian reform NGO Suaram, said in October last year that DCNS often budgeted as much as 8 to 12 percent of its total receipts as "commissions" to grease sales of armaments in third world countries.
Breham said Perimekar had received the commission for "supporting the contract," which he said was a euphemism for unexplained costs, and also for "housing the crew" of the submarines in France.
In France, before 2002, any money used to bribe foreign officials was tax deductible. When the former finance director of DCN made a claim for 31 million euro (RM124 million) allegedly used to bribe the Malaysians for the purchase of the Scorpenes, Breham said, the budget minister questioned such a large bribe, although he did eventually authorise the tax break.
Olivier Metzner, a lawyer for Thales, told the French daily Le Parisienthat "we have already demonstrated to investigators that there was no corruption in this case."
However, a confidential memorandum made available to Asia Sentineland Free Malaysia Today states that: "The beneficiaries of these funds are not difficult to imagine: the family clan and Razak Baginda relations. In addition, these funds will find their way to the dominant political party (Umno)."


JOHN BERTHELSEN is the editor of Asia Sentinel.

3 comments:

Anonymous said...

STUDENT@MALAYSIA-STUDENT.com (BERSIH MALAYSIA)
MCA (DATUK YIP KUM FOOK, MCA CHAIRMAN GOMBAK) INSULTED BUDDHIST MONKS
Dear Devotees into the Dhamma,
I sincerely shall use the language to make publicly the bitter experience that actually has happened in the SAMNAK SAMBODHI BUDDHIST ASSOCIATION NO: 19-21 JALAN 38 TAMAN DESA JAYA KEPONG 52100 KUALA LUMPUR, MALAYSIA.
I am not satisfied with the Gombak MCA Division chairman (Yip Kum Fook) and the SAMNAK SAMBODHI BUDDHIST ASSSOCIATION chairman (Yip Kum Fook) because he used vicious and arrogant means in bringing in a group of individuals from other places to provoke and trample the sacred ground and without any sound reason called in the police to forcefully detain the monk so as to humiliate worshippers of Buddhism.
I strongly would like to ask here that what great sin and crimes had he committed to the extent of you Yip Kum Fook lawyer by means or by crooks called in the police to detain a monk like him?
I came from Penang, I was a newcomer and I temporarily put up at the SAMNAK SAMBODHI BUDDHIST ASSOCIATION to study and learn to practice Buddhism. While at the temple, I could not bear with the way Yip Kum Fook lawyer behaved, your uncourteous, arrogant and unexcelled attitude in treating the Temple abbot.
Because I said a few words about your behavior to you Yip Kum Fook, you resorted to such dirty means to hurt a monk. It is indeed unacceptable and cast a very bad example.
For a school principal, if his and her student has committed an offence, the police must as a matter of courtesy meet up with the principal, try to understand the actual situation, before the police take any actions. This is the usual practice.
But it is sorry to say, that Yip kum Fook lawyer who himself is a lawyer chose to have done. Otherwise, he did not act in accordance with the teaching of Buddhism and looked down on the spirit of Buddhism for the sole purpose of showing off that he is the powerful chairman of MCA Gombak Division and the chairman of the SAMNAK SAMBODHI BUDDHIST ASSOCIATION. He demanded the police to detain the monk so as to realize his motive.
It is very fortunate that due to the fact that religion itself is a sensitive matter, even the Malay policemen understood and respected the religion, culture and customs of other communities, so they did not rush into taking any actions. Otherwise, the consequences would be catastrophic.
I understand why Yip Kum Fook lawyer was furious and flared up. The main reason is as follows. The abbot of the SAMNAK SAMBODHI BUDDHIST ASSOCIATION. He has been the abbot for 20 years. He was the architect and played the pivotal in raising fund the public to build up the Temple.
Continued next………

Anonymous said...

The abbot was alarmed to find out that a new person like him Yip Kum Fook lawyer; the chairman of MCA Gombak Division did not walk the talks. His talks were beautiful decorated with humanity, virtue and morality.
But in practice, he always marginalized and pushed out those who did see eye to eye with him. The Temple committees were instead made up mostly of his relatives. Moreover, the Temple fund was not managed in a transparent manner. Ultimately, his true motive was to turn the pure and sacred ground into a political stepping stone and political ground and from a place of worship into a personal property.
The abbot was well aware of what had taken placed, but in order to look preserve the whole wellness of the temple, he gave him Yip Kum Fook lawyer well-intentioned advices. But such an advice was not well received, it made Yip Kum Fook lawyer unhappy, restless and ran wild. Instead of heeding the advice, he made use of every opportunity to create problem and to persecute the abbot and monks so that they could no longer stay and left the temple.
Yip Kum Fook lawyer and the chairman of MCA Gombak Division whose villain’s design is obvious and whose style is hypocritical is known by everyone… your sweet words can deceive and mislead some people some of the time, but you cannot do it all the time. The karma or preordained fate of Buddhism will definitely befall.
As my last word, I would like to take this opportunity to bless him, may Yip Kum Fook lawyer wake up to reality, repent before it is too late. Do whatever is good, shed the evil.
Your Dhamma,
Ven. Phra Piya Dhamma
Penang, Malaysia.

We translated Chinese to English (why!) because we are want to give all people know and understand about more detail information, also to give people learn of this matter(HISTORY), this not for attacked individual DATUK YIP KUM FOOK, pls click here to see:- http://margeemar.blogspot.com/2012/02/blog-post.html?commentPage=3

Anonymous said...

Saudara-saudara dan Saudari-saudari Yang Di Hormati
Bahawa MCA Gombak pegurusi YIP KUM FOOK dan anaknya Yip Jiun Hann (Permuda MCA Gombak) bukan sahaja menggunakan kuasanya menghisap wang KUIL BUDDHA SAMNAK SAMBODHI(Thai) No: 19 Jalan 38 Taman Desa Jaya, Kepong, Kuala Lumpur, Malaysia. Tetapi lebih dahsyat, ialah menipu wanita-wanita dan merosakan keluarga orang lain. Mereka sebenar-benarnya orang yang jahat dan tak bermoral

Saya mengemukakan kesal yang benar ini, tujuan ialah harap orang ramai, khasnya wanita dapat mengambil perhatian supaya jangan terjerat oleh manis-manis mulutnya akhir akan meninpa kerugian dan kesakitan yang besar

马华公会鹅唛區会主席叶金福律师与马华公会鹅唛區会叶君瀚青年圑長, 不但无耻的利用KUIL BUDDHA SAMNAK SAMBODHI(Thai) No: 19 Jalan 38 Taman Desa Jaya, Kepong, Kuala Lumpur, Malaysia.宗教之名捞取权和私利之外, 叧一大罪悪是, 他们仗着权势, 甜言蜜語, 誘骗良家少女, 骗财骗色, 三妻四妾, 破坏别人的家庭. 父子两人, 无悪不做, 实是大色狼, 大老千,缺德的败娄.

今天我把实事公告大家, 是希望公众, 特别是良家少女, 要多多小心, 提防这一娄假面具的佛教徒, 以免一失足成千古恨.

Brother And Sister Of the respectfully
That YIP KUM FOOK, MCA Gombak chairman and his son Yip Jiun Hann (Youth MCA Gombak) they are not only used of power to suck Temple’s money of SAMNAK SAMBODHI BUDDHIST TEMPLE(Thai) No: 19 Jalan 38 Taman Desa Jaya, Kepong, Kuala Lumpur, Malaysia. But far worse, they are cheating women and make people family broken. They truly wicked and immoral

Bring forward. I regret that this is true, the purpose is to hope for public, and especially women take care not to be trapped by the end of sweet mouth will override of great loss and pain