Thursday, February 4, 2016

The Funny 1MDB Case

Welcome to the party, Hong Kong!

That's my immediate thought when I read that the Hong Kong police are the latest to publicly say that they are investigating transactions linked to 1Malaysia Development Berhad (1MDB) and Prime Minister Datuk Seri Najib Razak. This comes soon after similar statements from Switzerland and Singapore.  

According to the spokesman of the Hong Kong police, their investigations are on a report lodged on August 30 last year on deposits of more than US$250 million (RM1.03 billion), allegedly owned by businessman Low Taek Jho. This follows the Swiss attorney-general's office revelations last month that they are investigating some US$4 billion (RM16.8 billion) that were misappropriated from Malaysian state companies and the Singapore's Monetary Authority (MAS) publicly admitting that they were cooperating with authorities in Malaysia, Switzerland and the United States on the investigations into 1MDB.

So now you have Switzerland, Hong Kong, Singapore and the United States investigating into 1MDB...but not Malaysia because according to the Malaysian attorney-general (A-G) Tan Sri Mohamed Apandi Ali, there's no case! Now that's funny. Try as they might, it's seems that foreign governments are not going to allow Malaysian Prime Minister Najib to sweep the case to the back burner.

1 comment:

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