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Malaysia’s attorney general mulls criminal and civil action linked to 1MDB investigation

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Malaysia’s attorney general mulls criminal and civil action linked to 1MDB investigation

New Prime Minister Mahathir Mohamad has vowed to bring back funds allegedly siphoned from the state fund and punish those responsible

 

Malaysia’s attorney general on Tuesday said his office was studying possible criminal and civil action in the 1Malaysia Development Berhad (1MDB) case, after receiving investigation papers on the state fund from the anti-graft agency.

Malaysia reopened an investigation into 1MDB following a stunning election victory last month by 92-year-old Mahathir Mohamad, who has vowed to bring back funds allegedly siphoned from 1MDB and punish those responsible.

Former prime minister Najib Razak, who founded 1MDB, is the subject of a money-laundering investigation. Najib has consistently denied wrongdoing. On Monday he said he did not benefit or steal money from 1MDB.

Najib has given statements to the Malaysian Anti-Corruption Commission (MACC) about a transfer of US$10.6 million into his bank account from SRC International, a former unit of 1MDB.

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The submission of the investigation papers by the MACC to the attorney general’s office indicates they may have completed their probe into SRC. It is now up to the country’s top prosecutor to decide if charges need to be filed or further investigations are needed.

“I have appointed a team to study the papers with a view to possibly instituting criminal prosecution, and another to study them with civil proceedings in mind,” Attorney General Tommy Thomas said.

The US Department of Justice has alleged that more than US$4.5 billion was misappropriated from 1MDB, and about US$700 million of that went to Najib’s personal bank accounts.

Thomas also said he had signed mutual legal assistance requests from Switzerland, the United States, France and UAE regarding the 1MDB probe.

US authorities saw Najib’s government as obstructing the investigation, sources told Reuters last week. Swiss Attorney General Michael Lauber said in April 2017 that Malaysian authorities have refused to cooperate.

Mohamed Apandi Ali, Malaysia’s previous attorney general, was ordered to go on leave by Mahathir, who has replaced several officials seen as close to Najib.

Earlier on Tuesday, Malaysia’s finance minister said the US ambassador to Kuala Lumpur told him assets seized by the United States as part of its 1MDB probe will be monetised and returned to Malaysia.

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