The 1MDB global embezzlement and money-laundering scandal is a real “wonder” – turning Malaysia overnight into a global kleptocracy with more and more questions with unending international developments every passing day but without a single answer so far!
The latest contributor to this “wonder” of a 1MDB global embezzlement and money-laundering scandal is the Inspector-General of Police, Tan Sri Khalid Abu Bakar with his revelation that the Malaysian police have completed the first phase of their investigation into 1MDB, which is restricted to the five recommendations by the Public Accounts Committee (PAC) as ordered by the cabinet.
Last month, Khalid said police have recorded statements from 25 individuals into the PAC Report on 1MDB in the first phase of the investigations, and that the police would start the second phase – sending investigators overseas to obtain documents and record the testimonies of witnesses who are abroad.
Khalid said yesterday that the police are waiting for further orders from the Attorney-General’s Chambers (AGC) regarding the matter, and estimated the instructions to be issued in a week or two.
Khalid’s statement sent me back to the PAC Report on 1MDB, as I never knew that the PAC had made five recommendations for police investigation, let alone the Cabinet decision to restrict police investigation to the alleged five PAC recommendations.
Re-reading the PAC Report on 1MDB has confirmed me that my memory had not failed me, that the PAC had never made five recommendations for police investigation. Continue reading “1MDB global embezzlement and money-laundering scandal – more and more questions without a single answer so far!”