US conducting criminal probe on 1MDB’s stolen funds


The US is going ahead with a criminal investigation into money stolen from 1MDB that was alleged used to buy some US$1.7bn in property, jewellery, art and other assets.

Read the following reports:

Bloomerg: Stolen 1MDB funds are focus of US criminal investigation

New York Times: US conducting criminal probe focused on Malaysia 1MDB’s stolen funds

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2 Comments on "US conducting criminal probe on 1MDB’s stolen funds"

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Hakimi bin Abdul Jabar
Let’s look at the mega event by MO1 before GE13 and spot the difference…. 1. The date was 31st July 2012…. (1) MO1 launched TRX with the following promises: – gross development value of RM26 billion. -1Malaysia Development Bhd (1MDB) as the master developer, TRX will be built on a 60-acre (24ha) land off Jalan Tun Razak. – MO1 said 1MDB had managed to lock in an international partner for the entire first phase of TRX and secured over RM3.5 billion in foreign direct investment (FDI). He declined to name the partner. – will take 15 years to complete. – expected to attract over 250 global companies. – creating 500,000 jobs directly and indirectly. About 40,000 would be knowledge workers specified to finance services,” said MO1. – the 1st phase expected to be completed in 2016….offices, residences, retail space and public institutions. A 14-acre park is also included at the heart of TRX. 2. The date was 3rd Apr 2013…8 months after launching TRX… MO1 announced to the nation that Parliament is dissolved to pave the way for the 13th general election. 3. TODAY is Wednesday, August 16th 2017… …exactly 5 years later…the 1st phase is not completed…nothing..and, 1MDB has… Read more »