Mimesis Law
8 April 2020

DOJ On Malaysian Forfeiture: Our Grasp Never Exceeds Our Reach

July 25, 2016 (Fault Lines) — It’s a civil demand for purported criminal activity from Malaysia.  From The Wall Street Journal:

U.S. prosecutors have linked the prime minister of Malaysia, a key American ally in Asia, to hundreds of millions of dollars allegedly siphoned from one of the country’s economic development funds, according to a civil lawsuit seeking the seizure of more than $1 billion of assets from other people connected to him.

The Justice Department filed lawsuits Wednesday to seize assets that it said were the result of $3.5 billion that was misappropriated from 1Malaysia Development Bhd., or 1MDB, a fund set up by Prime Minister Najib Razak in 2009 to boost the Malaysian economy.

If well-to-do morons residing in Geneva can be collared by an American prosecutor, those residing in a supposedly U.S. ally country like Malaysia stand no chance, not even its hereditary “king.” Let’s get past Thomas Paine’s warning against the concept of inheritance of title, in that a “hereditary” monarch is as absurd a position as a hereditary doctor or mathematician.” These “fat” cats used supposedly ill-gotten money to fund a mediocre celluloid like “The Wolf Of Wall Street” are in supposed trouble:

The complaint reveals previously unknown allegations about the money that flowed into Mr. Najib’s accounts, such as how prosecutors believe a Saudi prince acted as an intermediary for some of the money and the exact circuit funds followed between a handful of key offshore companies.

Mr. Najib has been at the center of the scandal surrounding 1MDB since The Wall Street Journal reported more than a year ago that hundreds of millions of dollars that originated with 1MDB flowed into his personal bank account. Mr. Najib has said he had done nothing wrong and that any suggestions of wrongdoing were political smears. Malaysian officials have released at least nine statements since last September challenging media reports on 1MDB and accusing the Journal of recycling unproven allegations in its coverage of the fund.

What Mr. Najib seems to get is that the accommodations at the U.S. Bureau of Prisons are too Spartan, even for the toughest foreigner.  But of course, the boys from Wall Street say all is kosher:

The Malaysian fund raised about $6.5 billion in bonds arranged by Goldman Sachs Group Inc. in 2012 and 2013 and about $2.5 billion of that was diverted into shell companies under the guise of a business arrangement between Malaysia and an Abu Dhabi sovereign-wealth fund, the complaint says.

Supposedly, the money used to fund “The Wolf From Wall Street” came from the dirty swamps.  And now the U.S. Government has sued, looking for every penny that comes out of this gig.  The stakes are high here, folks.  Over $1 billion is at stake, and it shows that the U.S. federal government is going after the proverbial “big fish” once more:

The seizures targeted by investigators include property, art drawings and a Claude Monet painting, a private jet and other assets purchased with money allegedly misappropriated from the fund.

The civil action and asset seizures represent the “largest single action ever brought” by the justice department’s kleptocracy asset initiative, Lynch said.

The operation is being led by the initiative, which was set up in 2010, and will demonstrate Washington’s determination to curb the movement of illegal funds.

“The Department of Justice will not allow the American financial system to be used as a conduit for corruption,” Lynch said.

This operation means that the federales mean business, no matter what. Lynch proves it.

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