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KUALA LUMPUR, June 29, 2016:

National Oversight & Whistleblowers Centre (Now) director Rafizi Ramli alleged that Majlis Amanah Rakyat (Mara) used up to eight companies to hide its tracks after purchasing four properties in Melbourne.

Rafizi claimed by using these “layered” companies, it appeared that Mara was trying to hide its purchase even further. The PKR secretary-general alleged that for the purchase of the Aussie properties at 333 Exhibition Street and 51 Queen Street, Mara used its companies in Labuan, Singapore and Australia. He also alleged that Mara chairman Tan Sri Annuar Musa knew of the Mara property scandal since May last year and apparently did not do anything about it. “He had previously acted like he did not know anything about the Mara scandal and that he had nothing to do with it. “We have proof that he did in fact know about the properties as he along with a Mara delegate were briefed in Melbourne about the properties on May 20, 2014.” The briefing was also attended by Datuk Lan Allani, the man responsible for the purchase, he said at a press conference here today. The Pandan lawmaker said the four properties were 746 Swanston Street, Dudley International House, 333 Exhibition Street and 51 Queen Street. Rafizi said through that briefing, Anuar should have seen the early warning signs and the properties should have been reviewed. “The only one that has been highlighted so far is Dudley International House. There will be further revelations made on the other three properties this week.” He said 746 Swanston Street and Dudley International House were registered under an offshore company registered under the British Virgin Island (BVI). BVI, Rafizi claimed, was stricter than the Cayman Islands when it comes to revealing information about companies and their financial records. “The information will not be subjected to public scrutiny.” He said the other two properties were bought under three layered companies to hide their tracks. Rafizi alleged that 333 Exhibition Street was held by Powerwell Holdings Limited (registered in Labuan) which was held by Carton Garden Pte Ltd (registered in Singapore) which in turn was held by Peters Equity Pte Ltd (registered in Australia). Meanwhile, 51 Queen Street, he claimed, was held through Vortex Holdings Limited (registered in London) which was held by Marinn Property Pte Ltd (registered in Singapore) and by Queville Pty Ltd (registered in Australia) which eventually owned the property. “By using these layered companies does it not raise suspicion? So how come no one in Mara said anything?”      

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