US conducting criminal probe on 1MDB’s stolen funds

1
336
Image: freemalaysiatoday.com

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

(Visited 342 times, 1 visits today)
Thanks for dropping by! You are one of an increasing number of readers looking up Aliran for independent analyses and views. We work hard to keep these articles free for all to read. But we do need funds to continue the struggle for Justice, Freedom and Solidarity. To maintain our independence, we do not carry any advertisements; nor do we accept funding from dubious sources. So would you consider making a donation to keep us going - or why not become an Aliran member or subscribe to our FREE newsletters.

1 COMMENT

  1. 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 only 17 employees with more than RM50 billion in debts.

    4. The date was….Aug 9th 2017…Kunatan…(2)…(Bernama) — MO1 launched East Coast Rail Link (ECRL) and he promised..

    – as a ‘game changer’.(???..check it out?…OBOR anyone?)

    – a ‘mindset changer’ (?????) for Malaysia as it will significantly cut travel time to and from the east coast of the peninsula. Gombak to Kota Bharu was expected to be less than four hours compared to the average eight hours and even up to 12 hours or more, during the festive seasons, thus making the ECRL a comfortable alternative transportation medium once completed.

    – “We plan to incorporate 3,600 Malaysian students under this training programme.

    – “The viability of the ECRL is undisputed…

    – estimated that 5.4 million passengers (the figure is rather conservative, shall we say 5.86 million is far more accurate to be exact!)

    – 53 million tonnes of cargo will use the service annually by year 2030 as the primary transport between the east coast and west coast. (????)

    – Kuantan Port…a deep-water terminal that would soon be able to cater to larger vessels up to 200,000 deadweight tonnage or 18,000 twenty-foot equivalent unit container ships.

    (now the riddle is out…that’s OBOR for you…exactly like Hambantota Port of Sri Lanka…China will not be allowed to set up military facility at Hambantota port…but, a 99 years lease).

    (5) MO1 is ready to announce GE14 anytime soon…can you spot the difference now?

    – launch of TRX Vs ECRL just before General Election?

    – RM50 billion debt Vs RM55 billion debt?

    – 15 years (2012-2027?) Vs 7 years (2017-2024?) project timeline?

    -1MDB’s Arul Kanda Vs. MRL’s Irwan Serigar?
    (Malaysia Rail Link Sdn Bhd chairman Irwan Serigar Abdullah and his 20 directorships including 1MDB)

    – 500,000 jobs (17 1MDB employees) vs 3,600 trainee Malaysian students?

    – source of future revenue: 250 global companies Vs. 5.4 million passengers plus 53 million tonnes of cargo???

    US DOJ saw the lies, feaud, crimes & deceit years ago!

    Fellow Malaysians, please do something….anything…and please stop worrying about what happened at Nothing To Hide 2.0.

    (1) http://www.1mdb.com.my/news-coverage/pm-launches-rm26b-financial-district

    (2) http://www.bernama.com/bernama/v7/sp/newssports.php?id=1380220

LEAVE A REPLY

Please enter your comment!
Please enter your name here