The Malaysian Anti-Corruption Commission (MACC) has launched legal action against 41 individuals and organisations to recover about USD65 million stolen from scandal-hit state fund 1MDB.
Former
Malaysian Prime Minister Datuk Seri Najib Razak (Photo: VNA)
MACC leader Latheefa
Koya said the suit was filed at the Kuala Lumpur High Court on June 19th under
the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful
Activities Act 2001.
The
money disbursed to these recipients and entities all came from a personal bank
account of former Prime Minister Datuk Seri Najib Razak, who was under
investigation for charges of corruption and position abuse.
Among
the organisations targeted are branches of the United Malays
NationalOrganisation (UMNO), which was once headed by Najib, and other
parties linked to UMNO and several businesses.
The
1MDB was founded by Nazib in 2009 with an aim for socio-economic development.
Malaysian and US investigators believe that the fund has looted about USD4.5
billion, about USD1 billion of which was sent to the former Malaysian PM’s
personal bank account.
Corruption
charge in the scandal contributed to Nazib’s losing power at the general
election on May 9, 2018. At least six countries are investigating the
scandal./.
Source: CPV
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