1MDB: Malaysian opposition lawmakers urge reopening investigation — $1.4 billion in assets — “Love Malaysia, hate kleptocracy”

Peace and Freedom

KUALA LUMPUR, Malaysia — Malaysian opposition lawmakers have urged the central bank to reopen its investigation into indebted state investment fund 1MDB that is under being probed in several countries for money laundering and implicating Prime Minister Najib Razak.

Image may contain: 4 people, people smiling, people standing and text

Some 30 lawmakers staged a protest march Thursday from Parliament to the central bank, holding up a banner that read “Love Malaysia, hate kleptocracy.”

The U.S. Department of Justice earlier this year begun efforts to recover more than $1.4 billion in assets that it said were bought with funds stolen from 1MDB . It says most ended up in the hands of Najib’s family and associates. Najib denies any wrongdoing.

Opposition leader Wan Azizah Wan Ismail says the central bank must reopen its probe based on evidence in the U.S. court filing.


1MDB Misses $603 Million Payment to Abu Dhabi…

View original post 721 more words


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s