AGC hosts international prosecutors, investigators in meet over 1MDB

PETALING JAYA: Prosecutors, civil recovery specialists and investigators from the US, Singapore and Switzerland have met in Putrajaya to discuss the scandal surrounding state investment fund 1MDB.

The Attorney-General’s Chambers, which hosted the meeting, said the participants realised the importance and urgency of cross-border cooperation and collaboration in combating crime committed both internationally and across national borders.

“We thank the delegations from the foreign parties for their further assistance in the war against transnational fraud and crime.

“All of us are confident that this meeting will be the harbinger of greater cooperation in the future,” it said in a statement today.

The latest turn of events on the 1MDB issue saw former prime minister Najib Razak slapped with another 25 charges of money laundering and abuse of power at the Kuala Lumpur Sessions Court yesterday.

These, together with the seven earlier charges of criminal breach of trust, money laundering and power abuse levelled against him in July and August, brings the total number of charges to 32.

Najib, who founded 1MDB in 2009, has faced intense scrutiny since unexpectedly losing the May 9 general election to Dr Mahathir Mohamad, who reopened investigations into allegations that billions of dollars were stolen from the fund.

He has consistently denied wrongdoing, pleading not guilty to all charges.

1MDB is being investigated by at least six countries, including Singapore, Switzerland and the US, over alleged money laundering and graft. -FMT

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