some orang utans stoled 4 billions from state coffers!

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An honorable member of the Coffee Shop Has Just Posted the Following:

THE WALL STREET JOURNAL
Malaysia’s 1MDB scandal: Swiss prosecutors say $4 billion may be missing
By John Revill
Published: Jan 30, 2016



Signs that funds were diverted from state-owned companies
Reuters
Malaysia's Prime Minister Najib Razak set up debt-laden state fund 1MDB.
ZURICH — Switzerland’s top prosecutor said $4 billion may have been misappropriated from state-owned companies in Malaysia, a significant escalation of an investigation into transactions around government fund 1MDB.

The Swiss attorney general’s office said its investigation revealed indications that funds have been misappropriated and said it was looking into four cases of potential criminal conduct. It said some of the funds had been transferred to Swiss accounts held by former Malaysian public officials and current and former officials from the United Arab Emirates.


The comments represent the most detailed allegations yet of wrongdoing around 1MDB. The fund, set up by Malaysian Prime Minister Najib Razak in 2009 to help strengthen the Southeast Asian country’s economy, also faces a continuing probe by the U.S. Federal Bureau of Investigation and had been the subject of several inquiries in Malaysia.


Swiss authorities have spent five months investigating unnamed people tied to 1MDB over bribery of public officials, misconduct in public office and money laundering. Officials worried, however, that Malaysia’s decision this week to halt an investigation into the transfer of $681 million into Najib’s private bank account after clearing him of wrongdoing could hamper their own probe.

Najib has denied wrongdoing or taking funds for personal gain. 1MDB denies wrongdoing and says it is cooperating with investigations.


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