Thursday, July 21, 2016

1MDB: Back in the News

@ New York Times Square, New York City, NY, USA

1MDB are back in the news!
Yesterday, the US Attorney General Loretta E Lynch (right) announced the filing of civil forfeiture complaints seeking to recover more than $1 billion in assets associated with an international conspiracy to launder funds misappropriated from 1MDB.

In fact, these complaints represent the largest single action ever brought under the Kleptocracy Asset Recovery Initiative!
Just so to illustrate the severity of the matter, Lynch was not alone. She was joined in the announcement by others that included Assistant Attorney General Leslie R Caldwell of the Justice Department’s Criminal Division, US Attorney Eileen M. Decker of the Central District of California, FBI Deputy Director Andrew G McCabe and Chief Richard Weber of the Internal Revenue Service-Criminal Investigation (IRS-CI).
According to the complaints, from 2009 through 2015, more than $3.5 billion in funds belonging to 1MDB was allegedly misappropriated by high-level officials of 1MDB and their associates. 
Lynch had said: “Corrupt officials around the world should make no mistake that we will be relentless in our efforts to deny them the proceeds of their crimes”.
The stolen funds were laundered into the United States and used by the co-conspirators to acquire and invest in assets which allegedly included high-end real estate and hotel properties in New York and Los Angeles, a $35 million Bombardier jet aircraft, works of art by Vincent Van Gogh and Claude Monet, an interest in the music publishing rights of EMI Music and the production of the 2013 film 'The Wolf of Wall Street'.
Although the department did not name PM Najib Razak directly, he is identifiable in the lawsuit as someone whose account allegedly received huge sums. He has, of course, in the past denied any wrongdoing.
Let’s see how Najib and his coterie of arse-lickers and/or 1MDB respond to the above! Methinks they are likely to claim that they are not parties to the civil suit, and leave it at that!

Also, it goes to show that the multiple investigations in Malaysia were nothing more than a whitewash. Or if they were not, the truth had been buried on somebody's orders. 
Yesterday, I was in Jalan Imbi in KL to attend the ITC Bintang Toastmasters meeting. One of those very rare club meetings where attendance is almost always not less than 30. Last evening’s count was 35.


I delivered my Advanced speech from the Public Relations manual. The purpose of this 'talk' is to present a 5-7 minute speech of goodwill on behalf of Toastmasters International. It is assignment #1 The Public Relations Speech titled “Toastmasters and I”.

And for having been voted Best Speaker – I received a gold-foiled chocolate coin!

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