THE CHF104 million (RM430 million) held by the Swiss Federal Treasury does not belong to 1Malaysia Development Bhd (1MDB), and is actually a fine imposed on banks which have allegedly breached Swiss laws, the state investor said today.
Responding to news and press statements by opposition leaders about the Swiss Parliament’s plans to debate and vote on a motion to repatriate the “stolen” funds to Malaysia, 1MDB said the amount in question cannot be claimed by the firm nor by the Malaysian government.
Comments
Posted 6 years ago by Kuasa Rakyat
Who are the thieves? Answer: the Malaysian government officials and their accomplices.
And who is the victim? Answer: Technically, it is 1MDB, but since that fund is controlled by the kleptocrats who stole the money in the first place, isn’t it right and just that the seized money should be returned to the Malaysian people who are the real victims?
1MDB and the Malaysian government are treating that seized money as taboo is understandable, for any attempt to claim it would shatter their self-delusionary fairy tale that no money has ever gone missing from MDB.
Posted 6 years ago by Kim quek
Posted 6 years ago by Peace Maker
Posted 6 years ago by Mohanarajan murugeson
Posted 6 years ago by MELVILLE JAYATHISSA
Assuming that the RM 430 million was collection of fines in dealing with money movement in connection with 1MDB, it points then to the seriousness of the crime involved. If banks dealing with 1MDB are considered to have committed crimes in Switzerland, then the principals, the 1MDB officials have criminal activities managed by the banks. When seven countries have considered 1MDB activities are crimes, then 1MDB act activities are illegal in Malaysia, unless Malaysia is an outcast among members of United Nations
Posted 6 years ago by Meng Kow Loh