Taib and family escape Swiss probe

FMT staff

The office of the Attorney-General of Switzerland says although the Taib family once held assets in a Swiss bank, these were withdrawn in 1999.

KUCHING: The Swiss government cannot open criminal proceedings against Sarawak Chief Minister Taib Mahmud and his family because they no longer have any assets in Swiss banks.

The Attorney-General of Switzerland said although the family once held assets in a Swiss bank, these were withdrawn in 1999.

The Basel-based Bruno Manser Fund (BMF) said the office of the Attorney General of Switzerland confirmed this last week.

The Swiss A-G’s investigation was triggered by a criminal complaint by the BMF and Swiss MP Carlo Sommaruga.

The complaint involved four accused banks and FINMA, the Swiss bank regulator.

Sommaruga had described Taib, his family and “entourage” as having formed or being part of a “criminal organisation” as defined by article 260 of the Swiss Penal Code.

He also demanded that the government confisticate all assets “at the power of this criminal organisation” that had been deposited in Switzerland as defined by article 72 of the Swiss Criminal Code.

In its latest statement posted on its website, BMF said it welcomed the A-G’s declaration but called on the Taib family to come clean and declare their foreign assets and explain their origins.

“In particular, there is a need to clarify the amount and whereabouts of the assets formerly held by a Swiss bank and withdrawn in 1999,” it said.

In June 2011, Taib declared in the Sarawak State Assembly that he had no Swiss bank account. But BMF research showed that Taib’s closest family members had accounts and were also holding stakes in Malaysian corporations to the tune of US$1.5 billion (RM4.5 bil).

His family also held properties in Canada, UK, USA and Australia. These assets were estimated to be worth US$15 billion (RM45 billion).

Report against Musa Aman too

BMF has been at the forefront of a “war” against Taib’s wealth which they claimed was derived from land development policies which strippped Sarawak of its rainforest and displaced thousands of indigenous tribes.

In September last year BMF called on anti-corruption and anti-money-laundering authorities worldwide to investigate the Taib family’s business activities.

In its report ‘The Taib Timber Mafia. Facts and Figures on Politically Exposed Persons from Sarawak, Malaysia’, BMF said the Taibs could be compared to Indonesia’s president Suharto and president Ferdinand Marcos of the Philippines.

The report noted that Taib and his clansmen were worth US$20 billion (RM64 billion). Taib’s personal wealth they claimed stood at US15 billion (RM45 billion), making him the richest man in Malaysia.

Meanwhile BMF has also lodged a report against Taib’s collegaue in Sabah, Musa Aman.

Swiss prosecutors confirmed last week that a criminal procedure against Swiss bank UBS is still ongoing for the alleged laundering of US$90 million on behalf of Musa, Sabah’s Chief Minister.

The criminal procedure was opened in August 2012 following a criminal complaint by BMF.

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1 Response to Taib and family escape Swiss probe

  1. alan newman says:

    As with life & society, what you read & hear is just the iceberg’s tip. It’s much worse. Using public money (stolen from them indirectly) to buy votes to extend one’s evil stay, to deceive, to steal & plunder the people’s wealth & resources. This has gone on for 32 yrs now, & his Uncle before him! Someone was voted into office to serve the people. Before long he controls 3 supreme portfolios: CM, Finance Ministr & Ministr of Planng & Resource Managemt. He nominates the TYT/Governor, appoints the Deputy CM, all the state ministers, all the city mayors, all directors of state departments, none elected democratically! He has his strangle-hold on Land & Survey, Forest, timber processing, Dept of Agric. When the forest went bald they started oil palm! Now millions of acres. SCORE ! He Awards timber concessions, plantation land, development land, mining, road works, bridges & infrastructure contracts/contracts for decades without open tender; instead all the family, relatives & cronies got them all. Land grabs, collusion with timber, oil palm, shipping & developmt tycoons. Archipelago shipping, S’wak Securities, Bank Utama, CMS… Cousin Hamed Sepawie runs Sarawak Energy and the giant Naim Group, now logging in Tasmania! He cleaned up all the concessions & land at well below market prices yet amassed all the mega million projects with prices inflated for kickbacks. He controls the media, radio, papers (so the public get all the false or sweetened information) and immigration & blocks entries of righteous people. Astronomical gangsterism, lawlessness & crime! 2 suspicious deaths, Swiss Manser and his own aide Boyert in USA. The whole world can smell the stench. Yet he is super proud without an ounce of remorse. He is valued at US$10-20billion. The most horrific curse befits this kind of people & all his supporters who have destroyed the livelihood of millions or more people. Remote natives don’t even have electricity or decent drinking water. God awaits with the fire of hell that burns forever. Alan Newman (democratic & transparent NZ)

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