Taib mahmud, the Sarawak’s notorious Chief Minister claimed that he has no Swiss account as accused by groups like Bruno Manser Fund and others. But this itself does not clear him of possible money laundering. Taib is known to use proxies to camouflage his real ownership of many of his property overseas. His many relatives and siblings, associates’ name are liberally found in the ownership paper of his various overseas properties. With the Swiss move with the times to make their banking more transparent it is possible that politicians, who may be involved in stashing money in Switzerland and other countries with similar disclosure laws, may move their gold hill and silver mountain to other countries where the laws are laxed or non-existent. So the investigation by FINMAS would go on.
Update: Would Taib declare his assets all over the world to prove that all his assets were obtained legally? His Chief Minister pay of RM12000.00/month cannot possibly enable him to acquire multi-hundreds Ringgit properties in numerous parts of the world. he had reportedly siphoned off money he made from Sarawak for investment overseas to so called `avoid conflict in interess’-or really to make even more money for himself? How could his family members who don’t really do any job can accumulate fabulous wealth? Did they not profit unfairly and illegally from his CM power? Taib can’t run away from the public scrutiny by just making a denial of owning assets in Switzerland.
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