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Our PM?? Busy eating durians and cozy with a crook and murderer!
In 1MDB lawsuit, Justice Department trying to seize more than $1 billion in assets
Jho Low, a businessman and confidant of Prime Minister Najib Razak’s family involved in setting up 1MDB and its subsequent dealings, purchased a penthouse at the Time Warner Center in Manhattan for $31 million in 2011.
Jho Low, a businessman and confidant of Prime Minister Najib Razak’s family involved in setting up 1MDB and its subsequent dealings, purchased a penthouse at the Time Warner Center in Manhattan for $31 million in 2011.ASSOCIATED PRESS
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By Bradley Hope and Tom Wright
Updated July 21, 2016 12:23 a.m. ET
U.S. prosecutors have linked the prime minister of Malaysia, a key American ally in Asia, to hundreds of millions of dollars allegedly siphoned from one of the country’s economic development funds, according to a civil lawsuit seeking the seizure of more than $1 billion of assets from other people connected to him.
The Justice Department filed lawsuits Wednesday to seize assets that it said were the result of $3.5 billion that was misappropriated from 1Malaysia Development Bhd., or 1MDB, a fund set up by Prime Minister Najib Razak in 2009 to boost the Malaysian economy.
The move sets up a rare confrontation between U.S. prosecutors and an important partner in the fight against terrorism. The moderate Muslim nation is also a counterpoint to China’s rising ambitions in Asia.
In 1MDB lawsuit, Justice Department trying to seize more than $1 billion in assets
Jho Low, a businessman and confidant of Prime Minister Najib Razak’s family involved in setting up 1MDB and its subsequent dealings, purchased a penthouse at the Time Warner Center in Manhattan for $31 million in 2011.
Jho Low, a businessman and confidant of Prime Minister Najib Razak’s family involved in setting up 1MDB and its subsequent dealings, purchased a penthouse at the Time Warner Center in Manhattan for $31 million in 2011.ASSOCIATED PRESS
SHARE
By Bradley Hope and Tom Wright
Updated July 21, 2016 12:23 a.m. ET
U.S. prosecutors have linked the prime minister of Malaysia, a key American ally in Asia, to hundreds of millions of dollars allegedly siphoned from one of the country’s economic development funds, according to a civil lawsuit seeking the seizure of more than $1 billion of assets from other people connected to him.
The Justice Department filed lawsuits Wednesday to seize assets that it said were the result of $3.5 billion that was misappropriated from 1Malaysia Development Bhd., or 1MDB, a fund set up by Prime Minister Najib Razak in 2009 to boost the Malaysian economy.
The move sets up a rare confrontation between U.S. prosecutors and an important partner in the fight against terrorism. The moderate Muslim nation is also a counterpoint to China’s rising ambitions in Asia.
