US AG: 1MDB is kleptocracy at its worst
Description
Almost half of the US$3.5 billion corruption proceeds which have been seized by the US government came from the 1MDB-related civil forfeiture suits, revealed US Attorney-General Jeff Sessions.
He said 1MDB officials allegedly laundered more than US$4.5 billion in total through a complex web of opaque transactions and shell companies with bank accounts in various countries such as Switzerland, Singapore, Luxembourg and the US and the US Department of Justice (DOJ) is working to provide justice to the victims of this alleged scheme.
He said 1MDB officials allegedly laundered more than US$4.5 billion in total through a complex web of opaque transactions and shell companies with bank accounts in various countries such as Switzerland, Singapore, Luxembourg and the US and the US Department of Justice (DOJ) is working to provide justice to the victims of this alleged scheme.
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