Australia's 1MDB position explained: Turnbull wants a deal with Najib

by Ganesh Sahathevan



The matter of Australia's regulatory authorities refusing to act against ANZ Bank and other Australian entities directly involved in the 1MDB theft and money laundering scandal even as their counterparts in the UK, US, Singapore ,Switzerland and even Hong Kong do so has been reported at length by this writer.

Now comes news via Australian media which explains the reason:

Prime Minister Malcolm Turnbull will today announce a deal with the US to resettle hundreds of refugees, with talks under way for other ­nations, including Malaysia.

Any deal with Malaysia will require Malaysian PM Najib's personal approval, even as the US Department of Justice and other enforcement agencies pursue and prosecute  his associates for a range of offences which led to this transaction ,which is particularly embarrassing  for one of  the Australian financial system's  Four Pillars  , ANZ Bank

The Turnbull-Najib deal also explains why the ANZ and its CEO Shayne Elliot have been allowed to get away with misleading Parliament. See :

The issue was,and remains ,ANZ client and "ally" Najib Razak, not 1MDB:Another example of how ANZ and Shayne Elliot misled parliament.

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