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Sumisha Naidu @SumishaCNA
, 7 tweets, 4 min read Read on Twitter
Special PC on #1MDB by Malaysia’s deputy inspector general of police. “This evening, I’m going to update you on the developments of the case as investigated by the police”. 4 aspects have been probed by the CCID and several individuals investigated.
Main areas probed by CCID:
• 1MTN notes worth RM5mil by Terengganu Islamic Authority
#1MDB & PetroSaudi Intl joint venture & loans in form of Murabahah Notes
• purchase of assets worth USD3.5bil involving Tanjong Negeri
• issuing of US$3 bil notes by 1MDB Global Investments
During the course of investigations, police uncovered
• USD$972mil (RM2.973bil) was transferred to the accounts of former PM Najib Razak in 3 phases - “Good Star”, “Aabar” and “Tanore”
• 132 transactions involving illegal money identified
“In the process of investigating #1MDB, we found that most transactions happened overseas”. Investigations have been difficult because of this. But MLA requests have been made and countries have helped including Singapore, US, Switzerland and Saudi Arabia.
Under anti-money laundering laws, police have a year to investigate the items seized in #1MDB probe so far which include:
• RM114mil cash in various currencies
• 12,080 items of jewellery
• 566 handbags
• 437 watches
• 234 pairs of sunglasses
Despite Najib making statements otherwise, deputy IG says no one has made any formal claims for the seized items. #1MDB
Statements by the deputy IG on developments on the #1MDB case so far, what they’re probing and what they’ve found - including the USD$972mil in Najib Razak’s personal bank accounts. Police know Jho Low’s whereabouts as well but say there are issues of sovereignty etc to deal with
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