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Source: US Justice Department filingsPhotos: Reuters and File Photo BT Graphics: Hyrie Rahmat
BT Explains
The circuitous flow of up to billions of dollars belonging to 1Malaysia Development Berhad through two boutique Swiss private banks – Falcon and BSI – was funnelled through their head offices
in Switzerland and their respective Singapore branch. – BY ANITA GABRIEL
US$3.5b bonds to fund power purchase
US$1.6b proceeds– 1MDB Energy Langat
account in Falcon Bank (Switzerland)
1MDB– PetroSaudi JV
US$1.03b– Good Star (Jho Low
entity) account in RBS Coutts
US$389m– Abu Dhabi Kuwait Malaysia Investment Corp (Beneficial
owner is Jho Low) account in BSI Singapore
1MDB Global US$3b bond
proceeds kept in BSI (Switzerland)
US$908m proceeds– 1MDB Energy account
in Falcon Bank (Switzerland)
US$1.26b– Tanore Finance (account
owned by Tan Kim Loong at Falcon Bank Singapore)
US$1.1b– Blackstone Asia Real Estate Partners
(Beneficial owner is Tan Kim Loong, Jho Low’s associate) account in
Standard Chartered Singapore
US$238m– Riza Aziz/Red Granite(account in
BSI Singapore)
US$30m“Malaysian Official 1”
(account held in AmBank)
US$1.367b– Aabar BV1 account in BSI (Switzerland)
owned by then Falcon Bank chairman Mohamed Badawy Al-Husseiny
US$681m(Of which US$620m was subsequently returned to Tanore)
1MDB’s ‘casualty’ banks
1MDB
