United States Seeks to Recover More Than $1 Billion Obtained from
Corruption Involving Malaysian Sovereign Wealth Fund
Source: https://youtu.be/slNIgAhxh5g
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ATTORNEY GENERAL LYNCH: GOOD MORNING, ALL. GOOD MORNING AND THANK YOU ALL FOR BEING HERE. FOR TODAY’S ANNOUNCEMENT, I’M JOINED TODAY BY ASSISTANT ATTORNEY GENERAL FOR THE CRIMINAL DIVISION LESLIE CALDWELL AND JOINED BY THE UNITED STATES ATTORNEY FOR THE CENTRAL DISTRICT OF KEEFE ILENE DECKER AND ANDREW MCCABE AND MR. WEBBER, CHIEF OF THE INVESTIGATIVE DEPARTMENT AT THE REVENUE SERVICE AND WE’RE HERE TO ANNOUNCE A SIGNIFICANT STEP IN OUR ONGOING WORK TO COMBAT GLOBAL CORRUPTION AND ENSURE THAT THE UNITED STATES OFFERS NO SAFE HAVEN TO THOSE WHO ILLEGALLY USE PUBLIC FUNDS FOR PRIVATE GAIN.
AND TODAY THE DEPARTMENT OF JUSTICE HAS FILED A CIVIL COMPLAINT SEEKING TO FORFEIT AND RECOVER MORE THAN $1 BILLION IN ASSETS ASSOCIATED WITH AN INTERNATIONAL CONSPIRACY TO LAUNDER FUNDS STOLEN FROM 1 MALAYSIA DEVELOPMENT FUND OR 1MDB, A COMPANY WHOLLY OWNED BY THE GOVERNMENT OF MALAYSIA.
THE $1 BILLION IN ASSETS THAT WE’RE DISCUSSING TODAY ARE JUST A PORTION OF THE MORE THAN $3 BILLION THAT WAS STOLEN FROM 1MDB AND LAUNDERED TO AMERICAN INSTITUTIONS IN VIOLATION OF THE UNITED STATES LAW. Read more