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Friday, July 29, 2016

1MDB not directly involved in DOJ report, says PM

Malaysiakini's photo.

Prime Minister Najib Abdul Razak said today the government strategic investment company 1MDB is not directly involved in the United States Department of Justice (DOJ) report.
He also said that the report did not contain any information or views from the Malaysian government, Attorney-General's Chambers or 1MDB itself.
"Only those specifically named in the report are mentioned in the report. This means that 1MDB is not directly involved in the report.
"In other words, 1MDB has no assets in the United States, and 1MDB is not directly named in the report," the Umno president told a press conference after chairing a meeting of the Umno supreme council in Kuala Lumpur.
Najib said the report did not take into account the views and or explanations from the Malaysian side and was compiled without referring to 1MDB.
The prime minister said the government viewed the matter seriously and, as he had said earlier, those named in the report should clear their names in accordance with the respective rights and appropriate process.
"We hope that, basically, the question of settlement among 1MDB, International Petroleum Investment Company (IPIC) and Aabar Investments can follow the specific process so that the question of assets and the transferred funds can be definitively determined," he said.

Najib also questioned the handling of the report which was given massive publicity because he said it was not a precedent case and, usually, civil suits were quite low key.
Asked whether the report was just a compilation of media reports, Najib said: "On the surface it would appear that it came from certain sources, but we will observe the proceedings that would follow suit because I cannot say for sure where it came from but certainly not from 1MDB, the AG (attorney-general) or the government of Malaysia."
The DOJ recently filed civil lawsuits to seize assets which it claimed were acquired from funds allegedly misappropriated from 1MDB.

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