The 1MDB trio of Lodin Wok Kamaruddin, Arul Kanda Kandasamy and Superstar Najib Razak.
No one in Malaysia can open their social media accounts without having the one number and three lettered acronym staring back at them for the past few days.
As a matter of fact, that one number and three lettered acronym has been haunting us for months, but only in the past two days, someone has finally put a white shroud on it and we are now finally seeing its shape come into view.
1.M.D.B. has finally been caught by the United States of America (US) crime busters after its spree in Malaysia, US, Singapore, UAE and a few more countries.
The live telecast of the US Department of Justice (DOJ) showed Attorney General Loretta E. Lynch and a high powered team breaking it point by point on what they are doing on 1MDB took the internet by storm as it was announced as the “ largest single action ever brought under the Kleptocracy Asset Recovery Initiative.
It was definitely interesting the way Malaysia was shamed on world stage as millions watched it live and the news was telecast, for it was truly 1Malaysia Di Bantai (1Malaysia Being Damned). And in US, where everything is BIG, this must the biggest kleptocracy in the world too, we can safely presume. Malaysia Boleh, we all say.
During the press conference, the US government announced that it is seeking to recover more than $1 billion in assets tied to international public corruption and a global money laundering conspiracy.
Lynch announced civil forfeiture complaints to recover assets associated with a fund owned by the Malaysian government that raised nearly $8 billion to benefit the Malaysian people. However, loads of the money was diverted by high-ranking fund officials and their associates to purchase yachts, hotels, a $35 million jet, artwork by Vincent Van Gogh and Claude Monet, and to bankroll the popular 2013 film The Wolf of Wall Street.
In response, the Prime Minister Dato’ Seri Najib Razak calmly called for calm. After all, Najib was the one who started the 1MDB as Terengganu Investment Authority (TIA), a sovereign wealth fund aimed at ensuring economic development for the state of Terengganu for the people of Terengganu. Najib calmly said that one must not jump to conclusions and prejudge those named by the US DOJ.
The Star Online reported that Najib has urged all parties not to jump to conclusions over the ongoing action by the US Justice Department to seize over US$1bil (RM4.02bil) in assets allegedly linked to 1Malaysia Development Bhd (1MDB).
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