Wednesday, 7 September 2016 | MYT 10:01 PM
Al Jazeera: Malaysian businessman involved in Maldivian money laundering scheme.
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| The scandal is unfolding in the Maldive |
PETALING JAYA: Al Jazeera is alleging that aMalaysian businessman is involved in a $1.5bil (RM6.08bil) money laundering scheme in theMaldives.
Al Jazeera’s Investigative Unit exposed the alleged corruption in their documentary titled “Al JazeeraInvestigates: Stealing Paradise” which was published on Tuesday.
In the documentary, the businessmen, identified as the “Malaysian architect of the deal” Faidzan Hassan was alleged to have “spun the web of front-companies through which the money would be laundered.
An undercover reporter posing as an “investment executive with a number of very wealthy clients” was seen to have caught up with an individual said to be Faidzan at a “luxury hotel” in Kuala Lumpur.
The man had told the reporter that he was able to move substantial amounts of money undetected.
He said that it was easier to deal in Euros as opposed to with US dollars as it was “quite tricky”.
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