Lawyer: DOJ likely sought 1MDB asset freeze to aid criminal probe

Geraldine Tong

Modified 4 Dec 2017, 6:09 am

The US Department of Justice (DOJ) may have filed the 1MDB-related civil forfeiture suit but it later applied for a stay because it wanted to freeze the assets while a parallel criminal probe is ongoing.

This was suggested by US attorney Thomas Goldstein, who is an experienced Supreme Court practitioner.

"I think that... what they (DOJ) wanted to do is make sure those assets were not dissipated so that they (the assets) can be held onto and returned if appropriate and if it was determined that they were related to 1MDB.

"There is a criminal process ongoing, it hasn't produced anything yet, but they want the assets frozen so that it does not get sold or anything like that," Goldstein said...

Share this story


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


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.


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.