Tuesday, 16 October, 2018

Najib Razak to Give 1MDB Statement

Malaysia sets up new 1MDB criminal taskforce Jho Low is the alleged mastermind behind the 1MDB scandal
Frank Williams | 22 May, 2018, 09:56

Former prime minister Najib Razak created the fund in 2009 and was in charge of the government when the scandal first broke.

The head of Malaysia's anti-graft commission gave an emotional account of how he was harassed and threatened in 2015 while investigating the 1Malaysia Development Berhad (1MDB) state fund, and said that on one occasion a bullet was sent to his home.

Najib, who has consistently denied any wrongdoing, and his wife, Rosmah Mansor, have been barred from leaving the country.

On May 18, police seized 284 boxes filled with designer handbags, watches, jewellery and cash in various currencies from three condominiums at Pavilion Residences in Kuala Lumpur.

"The Prime Minister has agreed to the formation of 1MDB Task Force to carry out detailed investigations, detection and seizure of assets, as well as prosecution against individuals who commit any criminal offence in the management of 1MDB", the statement said.

Datuk Seri Azam Baki said Najib was served with the notice that required him to be present at the commission's headquarters at 10am today to record his statement to facilitate investigation into the case involving SRC International Sdn Bhd.

1MDB-linked businessman Jho Low in Phuket during election WSJ
Jho Low is the alleged mastermind behind the 1MDB scandal

Police have already launched raids on properties linked to the toppled leader as they probe the fraud, seizing a huge stash of handbags and suitcases stuffed with cash, but Najib insisted at the weekend he had not stolen public money. The government has also told the current attorney general, who cleared Najib of wrongdoing in 2016, to go on leave, and has relieved the country's treasury chief, who is also the 1MDB chairman.

"Yes, I have withdrawn", he said in a text message shortly before midnight.

The publicity given to the search prompted Rosmah to issue a statement through her lawyers complaining of the danger of a "premature public trial".

"Enforcement agencies should not be feeding social media trolls, but observe and uphold strict professionalism at all times", it added. A government official said he could possibly be detained after that.

She's previously defended her lavish lifestyle, saying she had "saved early" and receives gifts in her role as wife of the Prime Minister.

"It is our collective duty to fix the country's image so that we will once more be looked highly upon by the world", he said in his first such address since reassuming his role as prime minister, an office he held for more than two decades before leaving office in 2003.

Amazon, Google lead global smart speaker market, Apple fourth
That's way behind the 4 million Amazon's Echo sales and the 2.4 million orders for Google Home . Apple now holds 6 percent of the market share, falling behind Alibaba by a small margin.

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