Malaysiakini
NEWS

US Justice Dept travels to M’sia for 1MDB probe

Published
Modified 1 Apr 2016, 7:06 am

Officials from the US Justice Department travelled to Malaysia to meet several individuals in its investigation into 1MDB, Reuters reported today, citing unnamed sources.

This comes after Sarawak Report said the US Justice Department is seeking extradition of an individual detained in Abu Dhabi in relation to the 1MDB investigation.

Malaysiakini has contacted the US Justice Department for confirmation.

The 1MDB scandal is investigated by authorities in Switzerland, United Kingdom, United States, Luxembourg, Singapore and Hong Kong.

It is unclear how long the US officials were in Kuala Lumpur or if they have left, Reuters said quoting sources who cannot be identified as they are not authorised to speak to media.

A team of lawyers for Deutsche Bank are also in the capital city to prepare a report to submit to the Department of Justice, one of the sources told the newswire.

Prime Minister Najib Abdul Razak is the board of advisers chairperson for 1MDB – a fully-owned government investment firm founded in 2009.

The US probe comes as international media reports state US$1 billion was deposited into Najib’s bank account, of which at least US$15 million was spent on luxury goods and holidays.

Deustche Bank had loaned 1MDB US$975 million in 2014, which was repaid last year.

It also advised the fund on a proposed US$3 billion initial public offering of energy assets, which were instead sold last month.

The US government is also looking at investment banks JP Morgan and Goldman Sachs in its 1MDB probe.

Related stories

US asks Deutsche, JPMorgan for details on 1MDB dealings

Najib's lawyer: No instructions to file suit against WSJ, Aussie media

Millions spent on clothes and jewellery in four months!

Amanah: Umno and Najib have lost credibility to lead nation

Nazir wishes he had not helped Najib disburse US$7m

Another Razak brother embroiled in Donation-gate

No contact by foreign legal authorities, says 1MDB

Kini Roundup: Najib's shopping spree, 1MDB probe widens, Dr M squeezed

Monetary Authority of S’pore confirms questioning banks over 1MDB

Share this story

Comments

By posting a comment, you agree to our Terms & Conditions as stipulated in full here

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.