Musa Aman – UBS AG Bank Faces Criminal Complaint In Switzerland
SARAWAK REPORT
A complaint under Swiss criminal law has been lodged by lawyers against UBS AG bank.
It follows our devastating revelations about the bank’s involvement in the channelling of nearly a hundred million dollars of timber kickback money, linked to the Chief Minister of Sabah, Musa Aman.
We have demonstrated how the Hong Kong branch of UBS AG and its former ‘wealth management advisor’, Denis Chua, were involved managing every stage of an elaborate series of ‘layered’ accounts, which funnelled money from timber tycoons through a series of nominees, coordinated by Musa’s known “middleman” Chia Tien Foh (Michael Chia).
Yesterday, we showed how statements from UBS AG itself confirmed that money had been regularly drawn from a number of this web of accounts to meet the expenses of Musa’s two sons who were studying in Australia. Some of these accounts were held in the name of Michael Chia himself and yet Musa has gone on the record claiming “I have no business association whatsoever with an individual named Michael Chia”.
Spotlight on UBS AG
The development turns the spotlight firmly onto Switzerland’s largest bank.
Assisting money-laundering is a criminal offence under Swiss law and it is also specifically contrary to the path-leading Wolfsberg Principles of which UBS AG was a proud founding signatory. The Wolfsberg Anti-Money Laundering Principles for Private Banking were drawn up in Switzerland in 2000 under the auspices of Transparency International and UBS was one of eleven global banks who signed up to them.
