US AG: 1MDB is kleptocracy at its worst

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Almost half of the USRM14 () billion corruption proceeds which have been seized by the US government came from the 1MDB-related civil forfeiture suits, revealed US Attorney-General Jeff Sessions.


He said 1MDB officials allegedly laundered more than USRM18 () billion in total through a complex web of opaque transactions and shell companies with bank accounts in various countries such as Switzerland, Singapore, Luxembourg and the US and the US Department of Justice (DOJ) is working to provide justice to the victims of this alleged scheme.


CC By KiniTV | Published on Dec 5, 2017

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