Friday, November 1, 2019

1MDB asset recovery: Malaysia does not have to "make a claim",and the DOJ will take steps to ensure the USD 1 Billion recovered from JLow is returned to the people:Guan Eng & advisers should not interfere

by Ganesh Sahathevan

DAP secretary-general Lim Guan Eng.See again Good of Guan Eng to warn Malaysians of the "deep state who undermines the administration and cohesiveness of PH" but what of the the faceless ones within the MOF from the 1MDB linked KPMG and other consultancies ?

CNA and others have reported: 

Malaysia will make a claim over 1Malaysia Development Berhad (1MDB) assets in the United States following a settlement by the United States Department of Justice (DoJ) involving the recovery of the fund's assets.

Prime Minister Dr Mahathir Mohamad said on Thursday (Oct 31) that part of the 1MDB money had been used by Jho Low to buy assets in America, estimated to be worth US$600 million.

“He (Jho Low) has now surrendered ... Therefore, DoJ now holds and freezes the assets that were bought with Malaysian money.

“We had proof he is using Malaysia’s money to buy the asset and we will now make a claim (over the 1MDB assets) to the American government,” Dr Mahathir said.

The statement above is a bit perplexing for the entire DOJ action, under the United States' kleptocracy regime, is premised on the theft of money from the people of Malaysia. The recovery and repatriation of funds stolen from the people by their leaders and banked or invested in the US is the purpose for being of the kleptocracy regime.

There is therefore no need for Malaysia to "make a claim" for something that US laws recognise is the property of the Government and people of Malaysia.

All that remains is a mechanism for the repatriation and here of course the Ministry of Finance and its advisers and consultants may get frustrated for the DOJ might not see things their way and decide instead to return the money to the people via UN or World Bank programmes. 

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