Day: February 16, 2016

Angus Whitley
Bloomberg
February 16, 2016

The man leading the search for Malaysia Airlines Flight 370 is showing the strain after almost two years of fruitless toil.

Martin Dolan, head of the Australian Transport Safety Bureau, said he struggles to sleep at times, gnawed by thoughts that wreckage from the Boeing Co. 777 may have slipped through the sonar net scanning 120,000 square kilometers (46,330 square miles) of the southern Indian Ocean.

MH370 is weeks away from becoming aviation’s biggest unsolved mystery since Amelia Earhart disappeared in 1937. Of the 3 million components in the jet, only one has turned up — a barnacle-encrusted wing flap — on Reunion Island, thousands of miles from the search. There have been no traces of the 239 people on board, their luggage or even the life jackets that were supposed to float.

“There’s always this question: Have we missed something?” Dolan, 58, said at his office in Canberra. “That’s the sort of thing that will occasionally keep me awake at night.” Continue reading “Missing Malaysia Jet MH370 Weeks Away From Keeping Secrets Forever”

Michael Peel and Jeevan Vasagar
Financial Times
February 15, 2016

The chief executive of BSI, the Swiss private bank, was jubilant about its foray into Asia. So much so that he wrote to a star employee in Singapore who had helped lead the effort. “I wanted to personally thank you for your immense contribution not only to the growth of our new Asia business, but to BSI Group as a whole,” enthused the December 2011 letter from Alfredo Gysi, who is now BSI’s honorary chairman.

What a difference four years makes. Today that same bank official in Singapore, Yak Yew Chee, is battling a criminal investigation by the city-state’s authorities on suspicion that he benefited “from criminal conduct”. Continue reading “Malaysia: The 1MDB money trail”