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

Feat Image New Fuel Mechanism Feat Image New Fuel Mechanism
News6 hours ago

“BMW can’t get the same subsidies as Kancil”, Govt To Introduce New Targeted Fuel Mechanism

Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali has announced that the federal government is...

My Post 2022 05 20T145347.412 My Post 2022 05 20T145347.412
News1 day ago

Johor Experiences Shortage In Nurses As They Prefer Working In Singapore For Better Salaries

It appears that Johor is having a severe shortage of nurses, leading the state government to arrange for a meeting...

Ft Parlimen Ft Parlimen
News1 day ago

“Parliament proceedings are toxic & like pasar malam” – Ex Parliament Speaker Recalls His Experience

Parliament is a place intended for our representatives to debate on reforms and important issues. However, in Malaysia, there appears...

Ft India Ft India
News2 days ago

Space Debris Mysteriously Found in 3 Areas in India, Suspected to be From Chinese Rocket

Although it is rare to get hit by space debris, it appears that it is becoming a regular occurrence in...

My Post 2022 05 19T131546.749 My Post 2022 05 19T131546.749
News2 days ago

PDRM On Lookout For BMW Driver For Braking Abruptly Several Times To Purposely Bother Other Drivers

The police are currently in the process of tracking down the driver of a white BMW, after the driver was...

Ft Swallow Ft Swallow
News3 days ago

UK Single Mother Forced to Undergo Surgery After Accidentally Swallowing a Covid-19 Swab Test

We often hear of people swallowing things which they are probably not meant to, such as coins, nails and even...

Ft Database Ft Database
News3 days ago

Another Database Allegedly Leaked & on Sale For Almost RM44,000, Has Information on 22.5 MILLION M’sians

Just 8 months ago 2 huge database were put up for sale on a well-known marketplace forum. One of the...

Plastic Bag Charge All States Plastic Bag Charge All States
News3 days ago

Minister: All States Agree On Min. RM0.20 Pollution Charge Per Plastic Bag To Combat Single Use Plastic

We use a lot of plastic bags in our daily life, especially when we tapau lunch or go to get...


Latest Videos