Archive for September 28th, 2016

Najib’s statement on co-operation with US and other international authorities on 1MDB embezzlement and money-laundering – too little, too late and of no credibility

The Prime Minister, Datuk Seri Najib Razak made a very surprising statement during his visit to Germany when asked about international investigations on multibillion dollar 1MDB embezzlement and money-laundering.

He said that Malaysia would cooperate with US and other international authorities investigating the embezzlement, misappropriation and money-laundering of funds from the Malaysian state-owned 1MDB that he founded.

Najib said: “We are equally concerned about good governance in Malaysia and the rule of law.

“So within the bounds of good governance and the rule of law, Malaysia will do its best to cooperate and to do whatever is necessary.”

Isn’t such a statement by Najib not only too little and too late, but totally lacking in credibility?

Why only make such a statement in Germany more than two months after the US Department of Justice (DOJ) lawsuits on July 20 on the forfeiture of over US$1billion of assets in the United States, United Kingdom and Switzerland, from over US$3billion embezzlement, misappropriation and money-laundering of 1MDB funds, (implicating the Prime Minister himself as identified by a Cabinet Minister that the “MALAYSIAN OFFICIAL 1” mentioned in the US DOJ indictment is none other than Najib himself) and months after several countries like Singapore and Switzerland had taken action against banks, financial institutions and their staff in their countries for being involved in the international conspiracy on money-laundering of 1MDB funds? Read the rest of this entry »