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US AG: Malaysia's 1MDB scandal 'kleptocracy at its worst'
« on: December 05, 2017, 09:09:14 pm »
The U.S. attorney-general described a multi-billion dollar corruption scandal involving a Malaysian state fund  as the worst form of kleptocracy, and said the U.S. Department of  Justice (DoJ) was working to provide justice to the victims. 

The DoJ in June filed several lawsuits to seize more than $1.7 billion in assets believed to have been stolen from 1Malaysia Development Berhad  (1MDB), a sovereign fund set up by Malaysian Prime Minister Najib  Razak. 
U.S. Attorney-General Jeff Sessions said on Monday the 1MDB-linked assets accounted for nearly half of some $3.5 billion in total proceeds seized or restrained by the DoJ, tied to money-laundering offences.

“This is kleptocracy at its worst,” Sessions said at a global forum on asset recovery in Washington  according to a transcript of his speech posted on the DoJ website, referring to the Malaysian case.

More at https://www.prolificskins.com/forum/current-affairs/us-ag-malaysia-s-1mdb-scandal-kleptocracy-at-its-worst



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Re: US AG: Malaysia's 1MDB scandal 'kleptocracy at its worst'
« Reply #1 on: December 05, 2017, 09:33:32 pm »
Ermmmm .... i would suggest they keep their own White House in order first .... 

First cast out the beam from your eye, and then you will see clearly to cast out the splinter from the eye of your brother. ...
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."