Home / Malaysia / Exclusive – ‘Dollars and euros’: How a Malaysian organisation helped account North Korea’s leadership

Exclusive – ‘Dollars and euros’: How a Malaysian organisation helped account North Korea’s leadership


KUALA LUMPUR Over a past dual decades, North Korean-born Han Hun Il, a initial arch executive of a Malaysian conglomerate, funneled income to a care in Pyongyang, a North Korean defector, vocalization out for a initial time, told Reuters.

Han’s conglomerate, Malaysia Korea Partners (MKP), worked in partnership with Jang Song Thaek, according to Lee Chol Ho, who worked as a merchant for Han for 9 years until he defected to Seoul in 2010. Jang, a uncle of North Korea’s ruler Kim Jong Un, was deliberate one of North Korea’s many absolute group until he was executed for fraud in 2013. 

Reuters was incompetent to exclusively endorse Lee’s criticism of Han’s attribute with North Korea’s leadership, including his avowal that income was funneled to North Korea’s care body, a executive cabinet of a statute Workers’ Party.

Reuters also couldn’t establish how a executive committee, that controls North Korea’s rarely authorised chief and weapons program, used a supports from Han or if a payments are continuing.

The new disclosures come during a time when United Nations sanctions monitors are intensifying scrutiny of both Han and MKP.

A Feb report by experts monitoring U.N. sanctions on North Korea says MKP’s bank auxiliary in Pyongyang is a sold focus. A 2013 U.N. fortitude bars unfamiliar companies or unfamiliar corner ventures with a North Korean association from carrying a financial auxiliary in North Korea.

The U.N. news says a bank, called International Consortium Bank, was determined as a corner try between MKP and Jang’s Sungri Economic Group. The bank is protected by North Korea’s executive bank and purebred with a Pyongyang Municipal People’s Committee, it said.

If the U.N. experts find sanctions have been violated, they could suggest a U.N. Security Council blacklist MKP, a executives or one or some-more of a subsidiaries, subjecting them to a tellurian transport anathema and item freeze. 

   

STRAINED TIES

Han, also famous as Dr. Edward Hahn, hung adult a phone and blocked a Reuters contributor on his messaging app when contacted for comment.

MKP did not respond to requests for criticism on Lee’s assertions. The association released a matter antiquated Mar 23 observant MKP had “no reason to censor a fact” that Han is North Korean. It denied owning ICB or any other North Korean bank and pronounced nobody from a United Nations has contacted a company.

The U.N. pronounced it does not criticism on a ongoing investigations.

Lee’s outline of how MKP operated appears to strew uninformed light on a tighten ties between Malaysia and North Korea, that have come underneath aria following a assassination of Kim Jong Nam, a elder half-brother of North Korea’s ruler, with a rarely poisonous VX haughtiness representative in February.

Reuters reported in Feb that North Korea’s view group was using an arms trade operation out of Malaysia.

Malaysia’s unfamiliar method did not respond to Reuters’ requests for comment.

  

PYONGYANG BANK

MKP, that Han shaped in 1996 with his Malaysian partner, Yong Kok Yeap, operates in 20 countries in Asia, Africa and a Middle East, pier adult contracts value during slightest $350 million, an MKP corporate video and promotional brochures shows.

Yong declined requests to be interviewed.

MKP’s categorical business is construction, though it is also concerned in a series of other activities, including financial services and coal trading, according to U.N. reports, association sources, registration papers and MKP promotional material.

ICB is among several banks a U.N. is now questioning for probable breaches of several U.N. Security Council resolutions. These embody one from 2013 job on members states to demarcate financial use companies where there are “reasonable drift to trust that such financial services could minister to [North Korea’s] chief or ballistic weapons programs.”

In a Mar 23 statement, MKP pronounced a website had been “hacked” to insert ICB underneath a list of use companies and place a “doctored photograph” of “MKP personnel”, including Yong, visiting ICB’s bureau in Pyongyang.

A hunt of archive.org, a database of aged websites, shows ICB has been listed on MKP’s website given 2009, including underneath a progressing name, Sungri Hi-Fund International Bank. As of Apr 10, ICB was still listed on a website.

In a Feb report, a U.N. pronounced it had inquired with Malaysia and MKP about ICB and had “yet to accept a reply.”

   

‘CONTROL TOWER’

Lee pronounced Han had used MKP as a “control tower” of a immeasurable business empire, creation him one of a removed country’s richest men. He pronounced Han began his career in Africa with North Korea’s Reconnaissance Bureau, a premier view agency. 

“When people from a Central Committee visited Malaysia, they usually met with Han,” Lee said. “They didn’t even worry to see a ambassador.”

The Central Committee leads a growth and financing of North Korea’s chief and barb programs, pronounced Michael Madden, a North Korea consultant during Johns Hopkins University’s 38 North website.

Once a year, Lee said, high-ranking Pyongyang officials trafficked to Kuala Lumpur to accommodate Han and indoctrinate him to handle income to North Korea around banks in Malaysia.

“It was all dollars and euros,” pronounced Lee.

Lee pronounced Han was partial of Jang’s abroad network of businessmen.

Two stream association sources pronounced MKP’s fortunes – with a difference of a African businesses – declined after 2013 and Han became an sparse caller to Malaysia. They pronounced they didn’t know either a downturn was associated to Jang’s demise.

 

(Additional stating by Heekyong Yang in Seoul and Michelle Nichols during a United Nations; Editing by Bill Tarrant)

Article source: http://www.reuters.com/article/us-northkorea-malaysia-business-idUSKBN17C0AN

InterNations.org