Malaysian ex-PM Najib to be charged with money laundering

09 August, 2018, 12:04 | Author: Carlos George
  • Lim Guan Eng speaks to reporters at Parliament in Kuala Lumpur

Prime Minister Mahathir thanked Indonesia for the return of the luxury yacht in a Facebook post Monday.

STATE investor 1Malaysia Development Bhd, under a new management, has laid claim to the Equanimity, said lawyer Sitpah Selvaratnam, in a departure from its former refusal to be linked to the yacht.

He said Malaysian officials took custody of Equanimity on the Indonesian island of Batam near Singapore.

Najib said the government should now remain focused on finding ways to repay the huge debt still owed to International Petroleum Investment Corporation (IPIC), instead of trying to sell the yacht off to the highest bidder.

The US$250-million (RM1.02 billion) yacht docked at the Boustead Cruise Centre Terminal here at 12.40pm, under heavy escort by marine police.

Among the assets sought is Equanimity, cited as a 92-metre yacht bought by Malaysian financier Low, named as a key figure in the U.S. lawsuits.

Meghan Markle’s Royal Life Will Change Once Prince William Becomes King
While there, she suffered the most minor of wardrobe malfunctions, which naturally drove Twitter into an immediate frenzy. Her family has been dragged through the tabloids and she knows it's not nice.

How Sanchez can lift Mourinho's mood at Man United
"I just think they might make a stuttering start that other teams might take advantage of". The new season commences on Friday, August 10 with Manchester United vs Leicester at 8pm.

Two Cape Cod beaches closed due to shark sighting off Truro
He said: "Did you see that?" However, the shark leaps out of the water and snaps at his toes, startling him. A biologist attempting to observe a great white shark ended up getting a little too close for comfort.

Najib has been asked to appear at the Malaysian Anti-Corruption Commission (MACC) office at 5pm (4pm in Thailand), a report on the website of The Star daily said. The petition questioned the lawfulness of a warrant issued by the Indonesian police to turn over the vessel to Malaysia. He and the fund have denied any wrongdoing.

The decision added more tensions that have already increased in the country since May 9 elections that saw the Barisan Nasional coalition, led by ex-prime minister Najib Razak, defeated for the first time since independence from Britain in 1957.

The Cayman Islands-flagged Equanimity was seized by Indonesian authorities on February 28 in Bali at the request of United States authorities as part of a multi-billion dollar corruption investigation launched by the DoJ related to 1Malaysia Development Berhad.

Finance Minister Lim Guan Eng told reporters the government planned to take inventory of items one the yacht and open the vessel for public viewing, before eventually selling it "at the highest price".

The yacht is among assets that included real estate, jewellery and a Picasso painting that the DOJ says were bought with funds stolen from 1MDB.

Malaysia is trying to recover up to $1.7 billion in assets, including the yacht, that the DoJ has alleged were bought with stolen 1MDB funds.



Xiaomi Mi A2 launches today in India
The smartphone is set to launch at around 4:00PM in the national capital, and is being anticipated to be priced competitively. The NEX S runs a Snapdragon 845 processor, 8GB RAM, 128/256GB storage and has a 4,000mAh battery with fast charge support.

USA Basketball, NBA 'blindsided' by new NCAA agent rule
Agents would be allowed to cover minimal expenses such as meals and transportation tied to meetings or workouts with pro teams. College players would have to request an evaluation from the NBA Undergraduate Advisory Committee on their draft prospects.

Katz: Israel approaching a 'decision point' in Gaza, resolution or war
The Trump administration's stated position is that Gaza should be under the control of Hamas's Western-backed Palestinian rivals. The White House said on June 21 that it had discussed with Egypt "the need to facilitate humanitarian relief to Gaza".

Tiger Woods has brief practice, recovering physically before PGA Championship
Only Woods has won the PGA Championship in consecutive years since it became a stroke-play event in 1958. Rose admitted it's a different way to approach a major championship, but the victor of the 2013 U.S.

Elon Musk Explains Why He's Thinking of Making Tesla Private
There still are near-term execution risks around ramping up Model 3 production and the ability to generate cash, Jonas believes. Bloomberg News, which first reported on that meeting, said the talks failed to progress due to disagreements over ownership.

Iran to North Korea: US Can't Be Trusted
He doubled down on that sentiment Wednesday saying that before USA sanctions "nobody supported Iran". Help us grow and continue telling Israel's story to the world.

'Mossad behind assassination of Syrian scientist'
In April 2017, the United States Treasury Department slapped 271 staff members of the SSRC with sanctions in April of a year ago . The official, who works for a Middle Eastern intelligence agency, said Israel had been monitoring Asbar for years.

Liverpool beat Torino in final pre-season friendly
Wijnaldum and Salah combined to set up Firmino for a shot that deflected into the top corner off Lorenzo De Silvestri . Within a matter of minutes Georginio Wijnaldum was in for Liverpool's second of the night.

Osuna addresses new Astros teammates in closed-door meeting
The administrative leave subsequently was extended at least four times as Major League Baseball investigated the alleged incident. We are strong believers in protecting the rights of victims and remain committed to having a positive impact on our community.

Digne To Hater Liverpool Fans
He said: "Two times, the first after Lille when I went to Paris and the second time was after Rome". Lucas Digne says he said no to Liverpool two times.