Hornbill Unleashed

March 22, 2017

UN Security Council probing Malaysian firm for North Korean links

Filed under: Politics — Hornbill Unleashed @ 8:01 AM

un-mkp-1The United Nations Security Council (UNSC) is investigating a Malaysian company involved with North Korean-linked projects for having interests in the nuclear-powered nation’s banks.

Star Online reported today that a UNSC report stated that Malaysia Korea Partners Holdings (MKP) was being probed for establishing the Inter­national Consortium Bank (ICB) in Pyongyang, via a joint venture.

Under UN sanctions, institutions are barred from establishing joint ventures and from taking ownership interest in North Korean banks, the report stated.

The news daily said MKP Group of Companies was listed as an international well-diversified group involved in construction, shipbuilding, technology, trading, manufacturing, banking, medical technology, eco-tourism and agriculture.

A company official contacted by the newspaper declined to comment on UNSC’s allegation.

The report said the company in Balakong was operating as usual. The building had the signage: “Pejabat Urusan MKP Capital LLC Berhad”.


Source : @ FMT Online


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