Selamat Pagi to one and all. I woke up this morning to a link that George K Tan has forwarded me about a 1MDB related legal action taken by the United States Department of Justice against the relatives and beneficiaries of a number of New Zealand trusts that owns assets - that included a Manhattan penthouse and a private jet worth $230 million - alleged to be the proceeds of crime linked to a globe-spanning mega-fraud linked to the Malaysian sovereign wealth fund known as 1MDB.
And here is the part that hurts us all Malaysians.....
US Attorney General Loretta Lynch said :
We are seeking to forfeit and recover funds that were intended to grow the Malaysian economy and support the Malaysian people. Instead, they were stolen, laundered through American financial institutions and used to enrich a few officials and their associates," she said.
Now why is the United States Department of Justice seeking to recover $5 billion worth of funds that were intended to grow the Malaysian economy and support the Malaysian people?
Is this not the job for the Umno led Barisan Nasional government to do?
Ponder on this while you have your Nasi Lemak this morning! Do read the following article from the New Zealand Herald about this.
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