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Account includes 81 individuals and 55 companies allegedly receiving 1MDB
REPUBLIKA.CO.ID, KUALA LUMPUR – Malaysia has frozen 408 bank accounts as part of an investigation into a multi-billion dollar scandal on public funds 1Malaysia Development Berhad (1MDB). Prime Minister Mahathir Mohamad, who ousted Najib in a surprise election in May, reopened an investigation into 1MDB and promised to recover the allegedly siphoned money from the fund.
A working group dealing with the 1MDB case said that 408 accounts a bank involving about 1.1 billion ringgit (Rp 3.9 trillion) was frozen, as reported in Reuters Tuesday (3/7). The frozen accounts include 81 individuals and 55 companies expected to have received 1MDB financing and involved nearly 900 transactions between March 2011 and September 2015.
"The account is supposed to be related to misappropriation and misuse of the fund 1MDB, "said the working group. 19659003] The Task Force had previously declared that it had frozen accounts belonging to the United National Malay Organization (UMNO), a political party formerly chaired by Najib. Founded by Najib in 2009, 1MDB is under investigation in at least six countries for alleged money laundering and bribery.
A civil lawsuit filed by the US Department of Justice states that 4.5 billion US dollars are abused by 1MDB. Najib's daughter-in-law, Riza Aziz, has been summoned by the Malaysian Anti-Corruption Commission (MACC) to provide a statement regarding the investigation, a MACC source reported Monday that Riza was estimated. will come to the commission headquarters Tuesday (3/7). Riza is one of the founders of Red Granite Pictures, a company that, according to US prosecutors, has funded three Hollywood films, including Martin Scorsese's film "The Wolf of Wall Street" in 2013, with funds abused by 1MDB
makes a mistake. Red Granite paid 60 million US dollars to the US government as part of a civil suit settlement in March.
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