Think of it: FINMA-the Swiss investigator operates differently from MACC and on that basis the results of their investigation will be vastly different. While MACC will do the needful to cover up the dirt FINMA is expected to give a gulity verdict as most objective person would find about Taib’s inexplicable wealth. The evidences of payment by Japanese shipping companies to Taib’s company in Hong Kong, the grabbing of natives’ lands for logging, the collecting of kick backs from the logging giants eg gifting of a huge mansion in US by Samling International etc etc. The question remain however: should FINMA found Taib guilty as charged where would they send the huge fortune of Taib to? They cannot send it back to Sarawak’s government as Taib is still the `legally elected’ state government here!
Update: Go here to read up on the Anti-money laundering law of Switzerland as administered by FINMA. Basically they investigate if any money in the financial institutions come from felony/criminal activities or criminal bodies. Does Taib’s corrupt activities constitute criminality? Let FINMA find out first. Freezing of assets is one of the penalty for the offense.
There is no problems with the like of Marcos since he was out of power when the illicit fortune was sought by the successor Philippines government from the Swiss banks. But Taib is alive and well, complete with a government behind him!
Can they return to the Federal Government? Under current circumstances where the BN/UMNO depend on the Sarawak seats ala `fixed deposit’ the money will find its way back to Taib in no time!
Or can they hold on to the fund till someone take over from Taib? Will Sarawakians accept such an arrangment? Do the Swiss have such a mandate to do so?
A lot of issues on international relations, on cross border justice administration, on the notion of `self-determination’ will crop up to challenge the Malaysian and international community!
May be the readers can help provide some answer to how to deal with the huge fortune of Taib should FINMA, as most likely the case, found Taib guilty of money laundering through corruption in timber trade?
That is not the only issue: should Taib be convicted as a corrupt plunderer of Borneo where would he put his face whenever he go out of his country-or even inside Sarawak? Could a not-guilty or less guilty verdict by MACC enough to counter his fall from grace internationally? Was it due to the suspicion of a guilty-as-charge verdict by FINMA that MACC was propelled to suddenly announce its start into investigatingf reports lodged against Taib?
In fact the repercussion of a guilty verdict by FINMA can go much further: other international institutions would benchmark their financial dealings with Sarawak government on the Swiss judgment. Think of the frozen Gadaffi’s assets and its impact on all future international financial dealings done in his name! A guilty verdict will surely be the beginning of Taib’s nighmare and his undoing…!
Will UMNO find it a god sent excuse to ask him to step down to save BN Sarawak-but actually BN West Malaysia? Since the guilty verdict would be out there is no need for UMNO to threaten him with corruption trials. BN will have to dispose of him like a toxic garbage or else the BN will go to the next poll like going to a guillotine-the whole lot of them!
There could be a national political crisis brewing when the whole country is still not waking up to a possible guilty verdict by FINMA on Taib-given that Taib is known never to give up on his CM post which he regard as his own property!
The world renown, precision Swiss clocks are ticking. It won’t take long for the super-efficient and no-nonsense FINMA to reach their verdict-may be within July just before a suspected snap general elections could be called!
Post script: Within hours another media Asia Sentinel echo here Sarawaknews’ concern over where to return the ill-gotten wealth of Taib should he be found guilty by the Swiss.