atans1

DoJ connects 1MDB bonds’ proceeds to Najib personally

In Malaysia on 24/07/2016 at 5:12 am

[B]etween 2012 and 2013 Goldman helped 1MDB raise $6.5 billion by issuing three bonds. The Justice Department suggests that around 40 percent of that money was siphoned off, and indicates that $681 million ultimately found its way into Najib’s personal bank account, though the prime minister is not directly named.

http://blogs.reuters.com/breakingviews/2016/07/22/malaysia-fiasco-undercuts-goldmans-standards-push/

OK OK, The DoJ alleges thattransferred into an account belonging to a Malaysian official whose description matches that of Najib.

Seriously it’s either black comedy or farce when Switzerland, S’pore and the DoJ allege that monies was stolen from 1 MDB but “There has been no evidence from any investigation conducted by any law enforcement agencies in various jurisdictions which shows that money has been misappropriated from 1MDB,” says M’sia’s AG.

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