The Australian building that made almost $20m for corrupt Malaysians

When asked in 2015 about another corrupt deal, Mr Allani said he couldn’t recall them, and was only involved in setting up offshore companies in tax havens as a “convenient” way of selling property bought by the Malaysian government. When questioned about his knowledge of any alleged kickbacks, the former politician hung up the phone.

Money in, money out

Along with Mossack Fonseca’s lawyers, a small army of Australian middle men facilitated the corruption, which involves not only the Swanston Street property, but at least three other Australian buildings which the Malaysian government bought for around $75 million.

In 2015, Fairfax Media published an investigation into the $22 million purchase by Malaysia of another apartment building, Dudley House, in Melbourne’s leafy south. The price of this building was inflated

... read more at: https://www.brisbanetimes.com.au/politics/federal/the-australian-building-that-made-almost-20m-for-corrupt-malaysians-20180126-p4yyxd.html

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