by Ganesh Sahathevan
Guan Eng: Asset recovery on 1MDB much slower than
A Singapore academic has asked the Monetary Authority Of Singapore (MAS) the simple question that Malaysia's Minister For Finance Lim Guan Eng and others seem too afraid to ask.The academic, Professor Sattar Bawany ,has asked of the MAS, via a letter published in the Straits Times on 23 March 2019:
............ it is a matter of public interest for the central bank to clarify that out of the US$620 million that was returned, how much money belonging to 1MDB is currently being held by MAS or the proper authorities in Singapore.
Has the money been disbursed or transferred out to third parties?
Finally, why were the fraudulently obtained funds from 1MDB not returned to the Malaysian government or the US DOJ, which has instituted legal proceedings to recover these funds?
Lim, PwC which he appointed to recover 1MDB assets, Rajah & Tann, appointed by the AG Malaysia to recover assets in Singapore, and others involved in the 1MDB asset recovery seem unable to put that simple question to the Singaporeans, and even if they have, seem unable to recover what are easily recoverable funds.
Chartered accountant & banker Lim Guan Eng said 1MDB asset recovery slower than expected;and little will be recovered:Here are some of the reasons he should have stated to explain why