The Malaysian government will work with authorities in Switzerland, the US, Singapore and other jurisdictions to recover funds that were embezzled from the state treasury, said Malaysian Prime Minister Mahathir Mohamad.
Malaysian Prime Minister Mahathir Mohamad (Source: Xinhua/VNA)
Kuala Lumpur (VNA) - The Malaysian governmentwill work with authorities in Switzerland, theUS, Singapore and other jurisdictions to recover funds that were embezzled fromthe state treasury, said Malaysian Prime Minister Mahathir Mohamad.
Speaking at a press conference in Kuala Lumpur on May 16, Mahathir revealedthat the amount of money from Malaysia flowing to the US reached 4.5 billionUSD.
The previous government did not acknowledge that this amount was sourced from thecountry’s state development fund 1MDB.
According to the Malaysianleader, more wrongdoing occurred at the fund than was publicly known.
Previously,on May 12, the Malaysian Immigration Department announced that former MalaysianPrime Minister Najib Razak and his wife Rosmah Mansor had been banned fromleaving the country.
Immediately after the move, Najib Razak said on his Twitter that he had beeninformed about this, adding that he would respect the ban and stay in Malaysiawith his family.
Najib Razak set up the 1MDBfund in 2009 to promote economic development through global partnerships andforeign direct investment.
However, the fund was the centre of a 3.7-billion-USD-money laundering scandalwhich led to a series of financial market investigations in a number ofcountries including the US, Switzerland, Singapore, Malaysia and China.-VNA
New Prime Minister of Malaysia Mahathir Mohamad on May 14 announced a scheme to revamp the country’s anti-corruption agency while affirming his determination to investigate all alleged crimes committed by the previous government.
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Malaysia on May 16 announced a list of ex-officials who are banned from leaving the country, including former Inspector General of Police Khalid Abu Bakar.
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The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Malaysian Prime Minister Mahathir Mohamad (Source: Xinhua/VNA) 
