Connect with us


Tun M: “Stolen Money From 1MDB Will Be Returned to Malaysia”


- World Of Buzz
Right photo for illustration purposes only | Source: The Star & Klick.my

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

After numerous questions regarding 1MDB’s money laundering issue, here’s some new progress!

If you’re wondering what will happen to all that stolen money from the infamous 1MDB graft-scandal, Tun M bears good news.

“Money stolen from 1Malaysia Development Berhad (1MDB), US$4.3 billion (RM18 billion) will be retrieved and returned to Malaysia,” said Prime Minister Tun Dr Mahathir Mohamad at the ASEAN Business and Investment Summit in Singapore yesterday (13 November), as reported by Sinar Harian.

“The US Department of Justice (DoJ) said that the total was around US$4.3 billion. We hope to be able to retrieve the whole amount. However, a large amount of it has been lost,” he added. However, the money won’t be able to be returned as soon as possible due to multiple procedures that must be followed.

Bankers at Goldman Sachs Group had “cheated” Malaysia in dealings with state fund 1MDB, Dr Mahathir said in an interview with U.S. news channel CNBC that was aired yesterday (13 November), according to Reuters.

10494320 3X2

Source: abc

Goldman Sachs earned about US$600 (RM2.5 billion) million for its work with 1MDB, which included three bond offerings in 2012 and 2013 that raised up to US$6.5 billion (RM27 billion).

When asked if any action would be taken against Goldman Sachs, Tun M said the DoJ is investigating the case and added, “We believe the law will provide justice.”

Based on the reports, the US prosecutors have filed a report against two former bankers of Goldman Sachs earlier this month (November). One of which was Tim Leissner, who pleaded guilty to the charge of committing money laundering and for breaking the law under the Foreign Corrupt Practices Act.

Apart from the lies, we’re finally getting somewhere! Let’s hope things will turn out well and the money will return to our Tanah Air soon enough to help with our country’s debts. 


Also read: Najib’s Lies About 1MDB Exposed, Now Utusan Wants Him to Say Sorry to Umno Members

Utusan Najib Must Apologise To Umno Members For Lying About 1Mdb Money World Of Buzz 3 1

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

My Post 2021 09 24T142119.604 1 My Post 2021 09 24T142119.604 1
News1 hour ago

M’sian Man In Somalia Sentenced To 15 Years In Jail For Assisting Terrorist Organisation

A 34-year-old Malaysian man named Ahmad Mustakim Abdul Hamid, was sentenced to 15 years in prison by a Somali military...

Kjherd Kjherd
News4 hours ago

KJ: Herd Immunity No Longer Achievable With 80% Vaccination Due To Delta Variant

The Ministry of Health (KKM) will not longer use the conventional formula of achieving herd immunity with at least 80%...

My Post 2021 09 24T114551.289 My Post 2021 09 24T114551.289
News4 hours ago

56 Politicians Were Convicted Of Flouting SOPs Throughout The Lockdown Period

A couple of months ago, #KerajaanGagal was trending online for various reasons, one of which is the fact that many...

Ebit Lew Ft 2 Ebit Lew Ft 2
News5 hours ago

PDRM On The Hunt For Those Who Leaked Alleged Lewd Messages & Videos Of Celebrity Preacher

The police have opened up an investigation paper after detecting the spread of several video clips and lewd messages allegedly...

Walkin Walkin
News7 hours ago

MOE: Walk-In Vaccinations Only Allowed For Homeschoolers & Students Not Registered In School

The Ministry of Education (MOE) has announced that walk-in vaccinations for adolescents is only allowed for those who are not...

Langkawi2 Langkawi2
News23 hours ago

Tun M Urges Langkawi Residents To Keep Island Clean After Footage Of Littered Rubbish Goes Viral

After the tourism sector was opened to the public for fully vaccinated individuals, people have been flooding beaches and other...

School2 School2
News1 day ago

MOE: Unvaccinated Kids Not Barred From Attending School, Parents To Be Counselled Instead

The Covid-19 vaccination efforts have begun for teenagers aged 12-17, but not all parents are keen on getting their children...

Collage 35 Collage 35
News1 day ago

Human Rights Group Urges Thailand Not To Deport Sajat Back To M’sia Following Her Arrest

With #LeaveSajatAlone trending across social media platforms over the past couple of days, many have extended their support to the...


Latest Videos