Tun M: “Stolen Money From 1MDB Will Be Returned to Malaysia”
After numerous questions regarding 1MDB’s money laundering issue, here’s some new progress!
If you’re wondering what will happen to all that stolen money from the infamous 1MDB graft-scandal, Tun M bears good news.
“Money stolen from 1Malaysia Development Berhad (1MDB), US$4.3 billion (RM18 billion) will be retrieved and returned to Malaysia,” said Prime Minister Tun Dr Mahathir Mohamad at the ASEAN Business and Investment Summit in Singapore yesterday (13 November), as reported by Sinar Harian.
“The US Department of Justice (DoJ) said that the total was around US$4.3 billion. We hope to be able to retrieve the whole amount. However, a large amount of it has been lost,” he added. However, the money won’t be able to be returned as soon as possible due to multiple procedures that must be followed.
Bankers at Goldman Sachs Group had “cheated” Malaysia in dealings with state fund 1MDB, Dr Mahathir said in an interview with U.S. news channel CNBC that was aired yesterday (13 November), according to Reuters.
Goldman Sachs earned about US$600 (RM2.5 billion) million for its work with 1MDB, which included three bond offerings in 2012 and 2013 that raised up to US$6.5 billion (RM27 billion).
When asked if any action would be taken against Goldman Sachs, Tun M said the DoJ is investigating the case and added, “We believe the law will provide justice.”
Based on the reports, the US prosecutors have filed a report against two former bankers of Goldman Sachs earlier this month (November). One of which was Tim Leissner, who pleaded guilty to the charge of committing money laundering and for breaking the law under the Foreign Corrupt Practices Act.
Apart from the lies, we’re finally getting somewhere! Let’s hope things will turn out well and the money will return to our Tanah Air soon enough to help with our country’s debts.
Also read: Najib’s Lies About 1MDB Exposed, Now Utusan Wants Him to Say Sorry to Umno Members
Here’s Everything You Need to Know About PM’s PEMERKASA Announcement
Earlier this evening, Prime Minister Muhyiddin Yassin held a press conference to announce the new special aid package, named ‘PEMERKASA’....
PEMERKASA: Govt To Increase Allowance Limit For OKU Workers From RM1,200 To RM1,500
In today’s live broadcast by Prime Minister, Tan Sri Muhyiddin Yassin, he announced that the government has agreed to increase...
PEMERKASA: Local SMEs To Receive RM1,000 Monetary Aid To Resume Operations
In today’s live broadcast by the Prime Minister, Tan Sri Muhyiddin Yassin, he announced monetary aid to help small and medium...
PEMERKASA: RM500 One-off Aid For B40 Individuals Who Lost Their Income
In today’s live broadcast by the prime minister, Tan Sri Muhyiddin Yassin, he announced a monetary initiative to help those who...
Popular Massage Parlour in Subang Jaya Raided By Police Officers During Ops Noda
On 13 March, a team of police from Subang Jaya’s D7 BSJD Branch has carried out a raid on a...
Lazada Turns 9 & They’re Launching The New ‘Lazada Bonus’ Feature Plus a Line-up of Surprises This March!
Having served the Malaysian online shopping community since 2012, Lazada celebrates its 9th anniversary this year with a new ‘Lazada...
Here’s How M’sians Can Show Their Skin Some Love & Achieve Their Skincare Goals By CNY
According to facial Feng Shui beliefs, clear and smooth skin is reflective of good intentions and smooth sailing for the...
MCO: Here’s How These M’sians Managed To Thrive & Sell 6,000-8,000kg of Produce a Month Thanks To Lazada
Just a few days ago, it was announced that the MCO will be reinstated and enforced on all states except...