1MDB: Bersih 2.0 calls for support in asset recovery effort

0
no views
Source: theedgemarkets.com

Bersih 2.0 congratulates the United States attorney general on his remarks at the Global Forum on Asset Recovery on 4 December 2017.

The forum is the first worldwide conference that focusses on returning stolen and laundered money to their countries of origin. It was held in Washington, DC, in December and hosted by the United Kingdom and the United States with support from the Stolen Asset Recovery Initiative. Its inaugural meeting focused on assistance to four priority countries: Nigeria, Sri Lanka, Tunisia and Ukraine in their asset recovery.

Despite the heavy criticism by the US attorney general, Malaysia’s 1MDB corruption scandal is excluded from the GFAR’s list of priority countries. In his speech, the US attorney general highlighted that “in total, 1MDB officials allegedly laundered more than US$4.5bn in funds through a complex web of opaque transactions and fraudulent shell companies with bank accounts in countries ranging from Switzerland and Singapore to Luxembourg and the United States”.

Malaysians are extremely disturbed that money belonging to the people has been illicitly spent overseas on real estate, artwork, an expensive yacht and other lavish spending. Ironically, while it is ‘case closed’ for 1 MDB in Malaysia, this grand corruption has crossed international borders and is being investigated by seven countries.

Surprisingly, there is a pin-drop silence by the prime minister, cabinet ministers and the Ministry of Finance Inc. on the pointed allegations made by the US attorney general. The Malaysian authorities should demand an explanation.

The assertion by the US attorney general has given C4, Bersih 2.0 and 112 Malaysian NGOs much hope to push on with our asset recovery effort to claim the CHF104m (Swiss francs) that was stolen from 1MDB and has since been confiscated by the Swiss government.

READ MORE:  Goldman Sachs charged over scheme to pay over RM4.2bn bribes to Malaysian, Abu Dhabi officials - DoJ

We reiterate our call to the international community to continue to support our asset recovery effort relating to the stolen 1MDB funds and for these assets to be returned as they are derived from what is rightfully the money of every Malaysian.

BersihH 2.0 steering committee

Thanks for dropping by! The views expressed in Aliran's media statements and the NGO statements we have endorsed reflect Aliran's official stand. Views and opinions expressed in other pieces published here do not necessarily reflect Aliran's official position.

Our voluntary writers work hard to keep these articles free for all to read. But we do need funds to support our struggle for Justice, Freedom and Solidarity. To maintain our editorial independence, we do not carry any advertisements; nor do we accept funding from dubious sources. If everyone reading this was to make a donation, our fundraising target for the year would be achieved within a week. So please consider making a donation to Persatuan Aliran Kesedaran Negara, CIMB Bank account number 8004240948.
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments