2017-09-22 View Source
An Ottawa-based real estate company, Sakto Group, linked to Malaysia’s Tun Abdul Taib Mahmud has been accused of money laundering and will face the court in Toronto, Canada
A judge at the Ontario Superior Court of Justice has recently lifted the order to seal a money laundering case linked to Taib, who is currently Sarawak Governor. Justice Frederick Myers has also ordered for the court documents to be made public.
The case was filed by Swiss NGO, the Bruno Manser Fund (BMF) against some of Canada’s biggest financial firms – Royal Bank of Canada, Toronto-Dominion Bank, Manulife Financial Corporation and Deloitte & Touche – to obtain financial records. It is seeking to get information on how money flowed “from Malaysia into the Taibs’ Canadian real estate group” to see if there are grounds for criminal case against the company.
Sakto Group was founded in 1983 by Taib’s daughter Jamilah Taib Murray, who was only 23 years old then. It was said that Jamilah had received an undisclosed amount of money for the start-up capital and that it was a gift from her father.
Here are some key points to note about the ongoing case: Continue reading