Day: July 21, 2016

Transcript of DOJ Press Conference 19.07.2016 on Kleptocracy Asset Recovery Initiative

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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 →

Singapore seizes $240m in assets in 1MDB probe, half from flamboyant Malaysian financier Jho Low and family

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Source: The Straits Times

Half of the $240m in assets seized in 1MDB probe belong to flamboyant Malaysian billionaire Low Taek Jho.PHOTO: SOUTH CHINA MORNING POST

SINGAPORE – About half of some S$240 million worth of assets seized by Singapore authorities in the course of their investigations in relation to various 1MDB-related fund flows, belong to flamboyant Malaysian billionaire Low Taek Jho and his immediate family, it was disclosed on Thursday (July 21).

The Attorney-General’s office, the Commercial Affairs Division and Monetary Authority of Singapore said this on Thursday in response to action taken by the US Justice Department to forfeit and recover more than US$1 billion in assets associated with an international conspiracy to launder funds related to Malaysan state fund 1MDB.

Mr Low, 34, who is most often referred to as Jho Low, is a confidant of Prime Minister Najib Razak’s family and among figures allegedly at the heart of 1MDB’s angled dealings. Mr Low has said previously he provided “occasional” consulting to 1MDB that did not break any laws.

The US in its lawsuit alleged he bought up penthouses in New York, a mansion in Beverly Hills and expensive art fraudulently using 1MDB funds. Read more →

LPA amendments an open attack on independence of M’sian Bar

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Source: Malaysiakini

Pic taken from FMT News

Pic taken from FMT News

21 July, 2016. Gabungan Bertindak Malaysia (GBM) and the following civil society organisations are gravely concerned with the decision of the government to make several amendments to the 1976 Legal Profession Act (LPA). Such amendments are open attacks on the independence of the Malaysian Bar and blatant violations of the right to freedom of association as guaranteed in the Federal Constitution.

It sets a dangerous precedent of government interference in the operations of independent statutory bodies and civil society organisations. We urge the government to withdraw such proposals immediately.

The amendments, due to be tabled in parliament in October 2016, empowers the government to abolish the current direct elections of 12 members of the Bar Council through postal votes and replace it with elections at the state level, the appointment of two representatives by the minister in charge of legal affairs to sit in the Bar Council and to increase the quorum of the annual general meeting of the Malaysian Bar from 500 to 4,000 members.

The government purportedly made the amendments to improve transparency and representation of the Bar Council, when in reality, it does the exact opposite. Read more →

Kenyataan Pejabat Peguam Negara Amerika Syarikat berkenaan siasatan 1MDB

Raevathi Supramaniam

Hasil penterjemahan “We are Malaysian Voters” di laman Facebook

JABATAN PERUNDANGAN

Pejabat Hal-Ehwal Awam

Rabu, 20 Julai 2016

Amerika Syarikat Berusaha Mendapatkan Kembali Lebih AS$1 bilion Yang Diperoleh Melalui Rasuah Melibatkan Dana Mahsul Negara

A former IT executive from PetroSaudi International who had leaked information regarding 1Malaysia Development Bhd (1MDB) has been arrested. – The Malaysian Insider file pic, June 23, 2015.

Amerika Syarikat Berusaha Mendapatkan Kembali Lebih AS$1 bilion Yang Diperoleh Melalui Rasuah Melibatkan Dana Mahsul Negara. – The Malaysian Insider file pic, June 23, 2015.

Peguam Negara Loretta E. Lynch mengumumkan hari ini bahawa pemfailan permohonan rampasan sivil untuk tujuan merampas dan mendapat kembali lebih AS$1 bilion dalam bentuk aset yang berkait dengan konspirasi antarabangsa untuk mengubah wang haram yang diseleweng dari sebuah dana mahsul negara (sovereign wealth fund atau SWF) Malaysia. Permohonan hari ini merupakan suatu tindakan tunggal terbesar yang pernah dijalankan di bawah Inisiatif Pengambilan Semula Aset Kleptokrasi.

Turut mengiringi Peguam Negara Lynch di majlis pengumuman itu adalah Penolong Peguam Negara Leslie R. Caldwell dari Bahagian Jenayah, Jabatan Perundangan (Department of Justice); Peguam Kerajaan AS Eileen M. Decker dari Daerah Tengah California; Timbalan Pengarah Biro Siasatan Persekutuan (FBI) Andrew G. McCabe; dan Ketua Pengarah Siasatan Jenayah dari Lembaga Hasil Dalam Negeri (IRS-CI) Richard Weber.

Menurut permohonan itu, sejak 2009 sehingga 2015, lebih dari AS$3.5 bilion dana milik 1Malaysia Development Berhad (1MDB) dikatakan diseleweng oleh pegawai-pegawai tinggi dan sekutu-sekutu mereka. Dengan pemfailan permohonan hari ini, Amerika Syarikat dengan ini berusaha untuk mendapatkan semula lebih AS$1 bilion dana yang diubah secara haram melalui Amerika Syarikan dan boleh dikesan dan disahkan berkait dengan konspirasi ini.

1MDB ditubuhkan oleh kerajaan Malaysia untuk menggalakkan pembangunan ekonomi di Malaysia melalui perkongsian sejagat dan pelaburan terus asing, dan dananya sepatutnya digunakan untuk menambah baik kebajikan rakyat Malaysia. Namun begitu, menurut permohonan ini, para pegawai 1MDB dan sekutu mereka dikatakan menyelewengkan lebih AS$3 bilion daripada dana tersebut. Read more →