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Monday, September 3, 2012

Minister: Suaram's accounts highly suspicious




A ‘high level of suspicions' have been found in the accounts of Suara Inisiatif Sdn Bhd, a company the Domestic Trade, Cooperatives and Consumerism Ministry claims is "linked" to prominent human rights NGO Suaram.

NONEThis information is from the preliminary findings from the investigation being carried out by the Companies Commission of Malaysia (CCM), the minister, Ismail Sabri Yaakob (left), said today.

"Based on the preliminary findings, we found there is something suspicious and confusing, so we will continue our investigation in greater detail," Ismail told a press conference.

"Highly suspicious," he added when asked to conclude on the findings so far.
According to Ismail, it was found that only 0.06 percent of the company’s activities considered were as trading, while the rest was  “money collecting”.

He further alleged that the sources of the donations included NGOs from Washington and New York as well as the German Embassy in Malaysia.

Asked to clarify the “link” between the company and Suaram, he said it would be prejudicial to reveal more.

“At this stage, I can only say the company is linked to Suaram,” said Ismail.

He said the CCM is expected to wrap up its investigation “soon” before handing it over to the Attorney-Generalss Chambers to consider further actions.

It is understood that the CCM is investigating the case under the Companies Act 1965 and the possible offences could be under Section 364(2), 166A(3), 169(14), 167(1), 167(2) and 132(1) of the same act.

‘Not politically motivated’


The commission began scrutinising Suaram after Azwanddin Hamzah, president of the pro-government pressure group JMM, questioned its legitimacy as an NGO.

Azwanddin said that the human rights group was not registered as a non-governmental organisation with the Registrar of Societies, but instead as a company, Suara Inisiatif Sdn Bhd, with a paid-up capital of RM2.  

He also claimed that a check with CCM records shows the company’s income stood at  RM497,137 in 2009 and RM411,226 in 2010.

Suaram is the main Malaysian complainant in the Scorpene scandal inquiry currently being heard in Paris, which has resulted in an investigation by the French courts into allegations of kickbacks in the submarine sale.

However, Ismail denied the CCM investigation is related to Suaram’s role in the submarine case.

“No, its nothing to do with that,” he said, adding that the probe is not politically motivated.

Meanwhile, in a statement released to the press at the same event, CCM said the commission will look into the company’s annual reports and financial statements in order to determine whether it reflects the true and fair view of the company’s financial position.

However, the commission said it is premature and prejudicial for CCM to reveal the investigation status at this stage.
In another related development, Umno lawyer Hafarizam Harun urged Bank Negara to investigate the foreign funds received by Suaram under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).

Hafarizam told Utusan Malaysia that Suaram has admitted receiving funding from the US, Canada and Finland but failed to disclose the donors’ identities and amount of funds, which could raise suspicions.

“The receipt can be considered as money laundering and Bank Negara should conduct investigation according to AMLATFA.

“Bank Negara needs to act, probe and take immediate action against Suaram,” he added.

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