US A-G Lynch: It was an international conspiracy to launder funds stolen from 1MDB”.
'We are all concerned' The 1MDB issue, to paraphrase Tan Sri Musa Hitam, is pulling this country down because of the pre-occupation with 1MDB, shooting in the daylight, prime minister of the day being denigrated into criminal via innuendos and blatant accusations, the chauvinist opposition party taking every opportunity to condemn the perceived Malay stranglehold over the country and the system, and so on.
Meanwhile the real perpetrators are enjoying life with "other people" money.
US Attorney General Loretta Lynch has something positive to say below.....somebody is using Malaysian money for their own, not the prime minister, and simply getting away with it. Read more here..
IN our reporting of the troubles at 1Malaysia Development Bhd (1MDB) over the past 18 months, The Edge had several times highlighted the role played by flamboyant deal maker Low Taek Jho (Jho Low). We even called him the Puppet Master. The 34-year-old has denied that he was involved in 1MDB dealings and claimed he played the role of adviser only for a brief period in 2009 when the company just started as the Terengganu Investment Authority.
Last week’s move by the United States’ Justice Department (DOJ) to file a civil suit to seize US$1.0 billion of assets that it said were purchased with money stolen (estimated at US$3.5 billion) from 1MDB has laid bare many facts.
Details contained in the 136-page DOJ document show clearly that despite not having any official role at 1MDB, Jho Low was the central figure throughout all the dealings. More importantly, the DOJ provided facts, figures and dates on the large amount of money that originated from 1MDB, which ended up with Jho Low and his relatives and associates — cash that they used to indulge in a life of luxury and high-powered dealings.
Why this was allowed to happen is anybody’s speculation. But as US Attorney-General Loretta Lynch said bluntly last week, “it was an international conspiracy to launder funds stolen from 1MDB”. Read more here...http://www.msn.com/en-my/money/topstories/jho-lows-schemes-to-scam-1mdb/ar-BBvvb7l?li=BBr8Hnu&ocid=mailsignout