ABC News
10th January 2017
1Malaysia Development Bhd (1MDB), founded by Malaysian Prime Minister Najib Razak, is the subject of money laundering investigations in at least six other countries including Switzerland, Singapore and the United States.
Civil lawsuits filed by the US Department of Justice allege more than $US3.5 billion ($4.76 billion) was misappropriated from the fund.
The lawsuits seek to seize $US1 billion ($1.36 billion) in assets allegedly siphoned off from 1MDB and diverted into luxury real estate in New York, Beverly Hills and London, valuable paintings, and a private jet.
Mr Najib, who also chaired 1MDB’s advisory board, has denied wrongdoing and said Malaysia would cooperate with international investigations.
“The AFP is aware of allegations relating to companies associated with 1MDB and have assisted our foreign law enforcement partners with their investigations in relation to a number of these matters,” the AFP told Reuters.
“As the AFP continues to evaluate these allegations it would not be appropriate to provide any further comment at this time.”
The AFP did not respond to Reuters’ questions about reports they were investigating whether any financial gains from the scandal were in Australia, or with which international agencies it was working.
Reuters
#1 by drngsc on Tuesday, 10 January 2017 - 11:11 pm
It is getting nearer home. Surely the DUMNOs back here must be getting worried. There are many Malaysian residing in Australia and there are many Malaysians flying in and out of Australia with the news. So Najis, the writing is on the wall. Time to step down. The heat is on.
#2 by good coolie on Thursday, 12 January 2017 - 6:06 pm
The Budak is safe because the Mahaguru has taught him well to flee from the vengeance that is drawing near.