Malaysia's Prime Minister Najib Razak arrives for a news conference at a mosque outside Kuala Lumpur, Malaysia, July 5, 2015. REUTERS/Olivia Harris/File Photo
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Malaysian Prime Minister Najib Razak said Thursday judgment should be withheld until all the facts are known after the U.S. government filed lawsuits seeking to seize $1 billion in assets bought with money stolen from a state fund he oversaw.The U.S. Justice Department lawsuits filed in a federal court on Wednesday did not name Najib, instead referring to "Malaysian Official 1 ". Some of the allegations against this official were the same as those in a Malaysian investigation into a $681 million transfer to the premier's personal bank account.Najib, who has consistently denied any wrongdoing, said on Thursday the U.S. lawsuits were "a civil not a criminal procedure".Najib, however, said the lawsuits would not affect ties.Singapore authorities said in a statement on Thursday they had seized S$240 million ($177 million) of assets in an investigation of 1MDB-related fund flows for possible money laundering.1MDB, set up shortly after Najib came to office, is being investigated for money laundering in at least six countries, including the United States, Singapore and Switzerland.One transaction targeted by prosecutors was a $3-billion bond offering in early 2013 that was arranged by Goldman Sachs International, said U.S. Attorney Eileen Decker at a briefing on Wednesday.
FOLLOW THIS ARTICLE