Australia urged to probe Sarawak Governor's family for money-laundering
Taib family found to have invested over AUS $30 million of unexplained wealth in the Adelaide Hilton
(ADELAIDE, AUSTRALIA). Pressure is mounting on Australian authorities to open criminal proceedings against the family of Sarawak Governor and former Chief Minister Abdul Taib Mahmud over the alleged laundering of AUS$ 30 million in South Australia.
A new report released today by the Bruno Manser Fund (BMF) is showing that the Malaysian politician’s four children and his late wife Laila invested $30 million of unexplained wealth in the Adelaide Hilton Hotel.
The Taibs took over the hotel from the sons of Sarawak tycoon Ting Phek Khiing in January 1994. The takeover coincided in time with the award of a multi-billion-dollar construction contract for the Bakun dam to Ting by the Malaysian government.
Despite Taib Mahmud’s modest salary as Chief Minister, Taib’s closest family members had the means to buy AUS $ 10 million in shares of Sitehost Pty Ltd, the company owning and operating the landmark Hilton Hotel at Adelaide’s Victoria Square.
Another AUS $ 20 million were sent to Adelaide via loans from Golborne and Fordland, two Australian Taib family companies which were linked to a secret offshore structure on the Isle of Man.
Australian Sitehost director Gary Doherty said to the Sydney Morning Herald on Tuesday „he did not know the source of the funds behind Golborne or Fordland“ but claimed that „he had no involvement in money laundering“.
„The financial irregularities we found with Sitehost resemble the ones with Taib family real estate in Canada, the United States and England “, said Lukas Straumann, the executive director of the Bruno Manser Fund. BMF has identified Taib family real estate in these countries with a net worth exceeding US $ 300 million.
The BMF report inspired a motion by South Australian Greens Leader and MP Mark Parnell, which is being filed today in the South Australian State Parliament.
The Motion calls on the government to freeze Taib family assets based on South Australia’s unexplained wealth legislation. It also says the matter should be referred to appropriate Federal Government and law enforcement agencies.
Read our report: http://www.bmf.ch/de/dokumentation/berichte/
back to overview