Anonymous ID: 8660e6 May 27, 2018, 10:46 p.m. No.1564258   🗄️.is 🔗kun   >>4327 >>4400 >>4420 >>4523

Chinese bank chief found dead inside his office

 

Tianjin police suspect head of government-controlled rural commercial bank slit his wrists

 

Yin Jinbao, who has only chaired Tianjin Rural Commercial Bank for less than a year, died at around 2pm on Saturday, according to Jinyun New Media. The report cited local police sources as saying the death was a suspected suicide but gave no further details.

 

The bank did not immediately reply to the South China Morning Post’s request for comment via email on Sunday.

 

Yin, 54, was promoted last year to become the chairman of Tianjin Rural Commercial Bank, one of major banks ultimately under control of the municipality’s government.

 

He had previously served as a director at Tianjin Binhai Rural Commercial Bank.

 

According to its latest quarterly report, the bank had 305 billion yuan (US$47.7 billion) in assets at the end of March.

 

Last year, its revenues were 7.1 billion yuan, down by 9.3 per cent from 2016, according to its annual report.

 

But the bank’s net profit rose 22 per cent annually to 2.4 billion yuan in 2017 thanks to cost-cutting efforts.

 

The British trade magazine The Banker rated it at number 319 in its list of the world’s top 1,000 banks last year.

 

Yin’s last public appearance before his death was reported at the end of March, when he visited a village bank in Wuqing district of northwestern Tianjin.

 

The death came at a time when there are growing signs of financial stress in the Chinese port city.

 

Tianjin, once a poster child of rapid growth, reported the lowest economic growth rate in China for the first quarter of 2018 at 1.9 per cent.

 

http:// www.scmp.com/news/china/economy/article/2148012/chinese-bank-chief-found-dead-inside-his-office

Anonymous ID: 8660e6 May 27, 2018, 10:50 p.m. No.1564293   🗄️.is 🔗kun

Iran’s President set to visit China as powers scramble to save nuclear deal

 

Hassan Rowhani’s visit to Shanghai Cooperation Organisation summit next month follow US President Donald Trump’s decision to pull out of agreement.

 

China will host Iranian President Hassan Rowhani next month at a regional summit aimed at avoiding disruption of joint projects, its foreign ministry said on Monday, as major powers scramble to save Iran’s nuclear deal after the United States pulled out.

 

Rowhani will pay a working visit to China and attend the summit of the China and Russia-led security bloc the Shanghai Cooperation Organisation, the ministry said.

 

It did not give exact dates for his visit, but the summit is scheduled to be held on June 9 to 10 in the coastal Chinese city of Qingdao in Shandong province.

 

Iran is currently an observer member of the Shanghai Cooperation Organisation, though it has long sought full membership.

 

“Our hope is that China and Iran will have close consultation on the basis of observing the deal and push forward development of bilateral cooperation,” Chinese deputy foreign minister Zhang Hanhui said at a briefing.

 

“We should together look into how to avoid major disruption of joint projects between the two sides,” he added

 

Russia has previously argued that with Western sanctions against Tehran lifted, it could finally become a member of the bloc which also includes four ex-Soviet Central Asian republics, Pakistan and India.

 

The 2015 agreement between Iran and world powers lifted international sanctions on Tehran. In return, Iran agreed to restrictions on its nuclear activities, increasing the time it would need to produce an atomic bomb if it chose to do so.

 

Since US President Donald Trump withdrew the United States this month, calling the agreement deeply flawed, European states have been scrambling to ensure Iran gets enough economic benefits to persuade it to stay in the deal.

 

China has also strongly supported the deal and is one of its signatorie

 

http:// www.scmp.com/news/china/diplomacy-defence/article/2148092/irans-president-set-visit-china-powers-scramble-save

Anonymous ID: 8660e6 May 27, 2018, 11:14 p.m. No.1564421   🗄️.is 🔗kun

US dispatches army of envoys to salvage North Korea talks

 

The United States and North Korea on Sunday (May 27) kicked off an urgent, behind-the-scenes effort to resurrect a summit meeting between their two leaders by June 12, racing to develop a joint agenda and dispel deep scepticism about the chances for reaching a framework for a lasting nuclear agreement in so little time.

 

Technical and diplomatic experts from the United States made a rare visit to North Korea to meet with their counterparts, US officials said on Sunday.

 

Before any summit meeting, the American team, led by Mr Sung Kim, a veteran diplomat, is seeking detailed commitments from Mr Kim Jong Un, the North Korean leader, about his regime's willingness to abandon its nuclear weapons program.

In a tweet on Sunday night, President Donald Trump confirmed the meetings in the North Korean part of Panmunjom, a "truce village" in the Demilitarised Zone that separates the two Koreas.

 

He also expressed his administration's newfound optimism about the meeting, further embracing the conciliatory language both sides have used since he cancelled the planned meeting on Thursday.

 

"I truly believe North Korea has brilliant potential and will be a great economic and financial Nation one day," Mr Trump wrote on Twitter after a second straight day of golf at his Virginia club.

 

"Kim Jong Un agrees with me on this. It will happen!"

 

White House officials said Mr Joe Hagin, a deputy White House chief of staff, is leading a separate delegation in Singapore, where the summit meeting had been scheduled to take place, to work out logistics: when the various meetings would take place, how much would be open to the press, which officials would be in the negotiating rooms, and how to handle security concerns.

 

The simultaneous negotiations in the DMZ and in Singapore signalled an accelerated effort by the governments in both countries to complete the preparations required to get the meeting back on track.

 

Now, after just as abruptly cancelling the summit meeting, Mr Trump has - wittingly or not - set in motion a more normal set of discussions to lay the groundwork for an agreement about North Korea's nuclear weapons program before a decision on whether to hold a meeting between the two leaders after all.

 

The timeline is still extraordinarily condensed. Mr Trump's repeatedly stated desire to keep June 12 as a possible date for a summit meeting means that officials on both sides are rushing to see if the necessary preparations can be completed in a matter of days.

 

Veteran negotiators said it remained unclear whether the two sides could complete enough work to make a meeting possible.

 

"The President says he's not going to go until there is substantial agreement. The question is, is there time to reach that kind of agreement?" said Mr Joseph Yun, a former chief North Korea negotiator at the State Department, who retired in part because of his frustration with his agency's diminished role.

 

"Right now, the summit is kind of teetering on whether we make progress on those things."

 

Two top Republican lawmakers expressed deep misgivings on Sunday about the prospects for a successful summit meeting in just over two weeks, and warned that Mr Kim would never agree to give up the nuclear weapons his country has spent decades developing.

 

"I remain convinced that he does not want to denuclearise, in fact he will not denuclearise," Senator Marco Rubio, a Florida Republican, said on ABC's This Week.

 

He dismissed demonstrations of goodwill by Mr Kim - including the release of American prisoners and the destruction of a nuclear test site - as meaningless.

 

"It's all a show," Mr Rubio said. "It's a show."

 

https:// www.straitstimes.com/world/united-states/us-dispatches-army-of-envoys-to- salvage-north-korea-talks

Anonymous ID: 8660e6 May 27, 2018, 11:16 p.m. No.1564432   🗄️.is 🔗kun

>>1564401

I agree, It would be interesting if it is connected, maybe a different branch from executive offices, not sure, but I am curious to know for sure.

Anonymous ID: 8660e6 May 27, 2018, 11:29 p.m. No.1564507   🗄️.is 🔗kun   >>4584

Whistle-blower denies stealing data in 1MDB case

 

Ex-PetroSaudi director who was jailed in Thailand says key evidence was given to him

 

KUALA LUMPUR • Since the 1Malaysia Development Berhad (1MDB) scandal broke in 2015, Xavier Andre Justo has been painted as the man who stole files and e-mails from his former employer PetroSaudi International to be sold to others.

But the 52-year-old, a key figure in the 1MDB scandal, said the evidence was actually given to him, and not stolen.

 

The Swiss said: "The most important thing is that those files… they were not stolen, they were given to me. And I gave them, without any kind of modification, alteration, adding or withdrawing. Those are the genuine files of the PetroSaudi server, which pretty much told the story of 1MDB and PetroSaudi."

 

According to the United States Department of Justice in a 2016 seizure order, officials at the Malaysian state fund - claiming it was investing about US$1 billion (S$1.4 billion) in a joint venture with the Saudi Arabian oil company - had transferred about US$700 million to an account not associated with PetroSaudi.

Justo, who was a director at PetroSaudi, got entangled in the affair by having data on the 1MDB-PetroSaudi deal. He was also believed to have shared information about 1MDB and PetroSaudi with the Sarawak Report news site.

 

He was arrested in Thailand and jailed in 2015.

 

He said in an interview with The Star newspaper that after his arrest, the deal presented to him was simple: Confess and the sentence will be light, otherwise it will be 10 years in one of the worst places to be jailed.

 

He said: "I had no choice and said: 'Okay. Give me the paper and pen, and tell me what you want me to write.' And that's what I did. So, I said I downloaded the data. They made me say I stole the data. But I never stole it."

He added his confession was dictated to him "by a UK citizen". Justo claimed his arrest was political in nature and a cover-up operation.

 

He was sentenced to three years' jail in Thailand, which he believes was excessive for the crime he was charged with.

 

He claimed he was visited by Malaysian government officials and that the government under then Prime Minister Najib Razak wanted to have him extradited to Malaysia. Support from Swiss diplomats in Thailand saved him from that and he was eventually pardoned twice by the King of Thailand.

 

He made headlines in Malaysia by uploading on his Facebook account a picture of him standing beside Prime Minister Mahathir Mohamad after a meeting on Sunday.

 

On Thursday, Mr Justo gave a statement to the Malaysian Anti-Corruption Commission, believed to be about the PetroSaudi deal.

 

https:// www.straitstimes.com/asia/se-asia/whistle-blower-denies-stealing-data-in-1mdb-case

Anonymous ID: 8660e6 May 27, 2018, 11:32 p.m. No.1564529   🗄️.is 🔗kun   >>4549 >>4550

$38m cash seized from Najib-linked condos

 

Raid on KL luxury apartments nets cash in 26 currencies stashed in 35 bags

Nadirah H. Rodzi Malaysia Correspondent In Kuala Lumpur

 

Malaysian police said RM114 million (S$38.4 million) in cash was seized from luxury apartments linked to Malaysia's former prime minister Najib Razak in operations conducted last week. Police had only this week finished counting and recording the stash.

 

Commercial crime investigation department chief Amar Singh told reporters yesterday that the cash, in 26 different currencies, was found stashed in 35 bags. The raid at the Pavilion Residences in central Kuala Lumpur last Friday yielded 284 boxes of handbags, and 72 bags containing cash, jewellery and watches.

 

"Out of the 72 bags that were seized, 35 of them contained RM114 million in cash in 26 foreign currencies. There were also 37 bags containing watches and jewellery," said Datuk Seri Amar.

 

He said most of the cash was in Malaysian ringgit and Singapore dollars.

 

He also confirmed that most of the handbags seized were from luxury French brand Hermes.

 

"We are in discussion with the luxury brand to authenticate them… we will send pictures to Paris for their authentication and valuation," he said. Police are also in the midst of authenticating the seized watches and jewellery, and getting estimates of their worth, he said.

 

Mr Amar said two of the apartments searched were occupied by Datuk Seri Najib's son Mohd Norashman and daughter Nooryana Najwa, while the third was unoccupied.

 

The raids were part of police investigations into allegations of corruption and money-laundering surrounding troubled state fund 1Malaysia Development Berhad (1MDB).

 

Since May 18, the police have conducted searches at 12 premises, Mr Amar said, including at the three apartments and at Mr Najib's private residence in Taman Duta. Dozens of luxury handbags, watches and RM500,000 in cash were seized from the Taman Duta mansion.

 

Mr Najib has lodged a police report on the apartment raid, claiming the items seized were gifts from friends while the cash was part of donations meant for the election campaign of Barisan Nasional, the coalition he formerly led that was defeated in the May 9 polls. Umno has claimed that the cash is party funds that must be returned.

 

But police chief Mohamad Fuzi Harun said: "The investigation is still ongoing. We have to get to the bottom of the matter first."

 

He told a news conference: "Any demands or applications must follow the proper channels."

 

The new Pakatan Harapan government has reopened probes into 1MDB, with Prime Minister Mahathir Mohamad vowing to recover billions of dollars allegedly misappropriated from the state fund.

 

https:// www.straitstimes.com/asia/se-asia/38m-cash-seized-from-najib-linked-condos

Anonymous ID: 8660e6 May 27, 2018, 11:37 p.m. No.1564564   🗄️.is 🔗kun

>>1564523

But what is the world financial center, which building I wonder, could easily be a bank office here, the original pic could have just been randon of the area, couldn't it? brain storming.

Anonymous ID: 8660e6 May 27, 2018, 11:47 p.m. No.1564654   🗄️.is 🔗kun   >>4666

>>1564619

>According to the United States Department of Justice in a 2016 seizure order, officials at the Malaysian state fund - claiming it was investing about US$1 billion (S$1.4 billion) in a joint venture with the Saudi Arabian oil company - had transferred about US$700 million to an account not associated with PetroSaudi.

 

Anon, not sure what you are talking about here, it's not about ISIS.

Anonymous ID: 8660e6 May 28, 2018, 12:01 a.m. No.1564750   🗄️.is 🔗kun

>>1564666

Sorry Anon, I still don't see it, but I guess time will tell. I know they are next too each other, but under different ruling classes, we'll find out soon enough, I guess.