KUALA LUMPUR: Following the testimony of former 1MDB general counsel and lawyer Jasmine Loo Ai Swan, the police are expected to seize more assets related to the 1Malaysia Development Bhd (1MDB) case. These assets will be forfeited to the government through a court process, said Inspector-General of Police Tan Sri Razarudin Husain. He added that Jasmine Loo is still being held by the Bukit Aman Commercial Crime Investigation Department for investigation concerning money laundering.
Tan Sri Razarudin Husain made these statements at the launch of the PDRM Madani Ride and Ipoh Super Bike Club (ISBC), held during the 216th Police Day and National Month at the Kuala Lumpur Police Training Centre on Wednesday (August 16). The event involved a convoy of 150 high-powered motorcycle riders from PDRM and ISBC, travelling around Peninsular Malaysia and South Thailand for a duration of six days.
Furthermore, Razarudin confirmed that once the police have concluded their investigation, Jasmine Loo will be handed over to the Malaysian Anti-Corruption Commission (MACC). Jasmine Loo, who is also a former 1MDB group strategic executive director, is believed to have been associated with fugitive businessman Jho Low’s inner circle and possesses information regarding 1MDB.
It is worth noting that the 1MDB case has been a long-standing issue in Malaysia. The scandal involves alleged misappropriation of funds from the strategic development company, resulting in a wide range of criminal charges and investigations. Multiple individuals have been implicated and arrested in relation to the case.
The efforts to seize assets related to the 1MDB case represent the government’s commitment to recovering lost funds and ensuring justice is served. The forfeiture of these assets, obtained through illicit activities or corruption, will play a vital role in compensating the victims and restoring public trust in the financial system.
These ongoing investigations and subsequent legal processes serve as a deterrent to similar acts in the future. The Malaysian government remains steadfast in its commitment to combat corruption and promote transparency, taking significant steps to hold those responsible accountable for their actions.
The collaboration between the police and other law enforcement agencies, such as the Malaysian Anti-Corruption Commission, demonstrates the coordination and determination to combat financial wrongdoing. By pooling their resources and expertise, these organizations are working towards a common goal of upholding the rule of law and ensuring a corruption-free society.
The outcome of the investigations and subsequent legal proceedings will not only serve as a landmark for the 1MDB case but will also set a precedent for future cases involving financial misconduct. The restitution of assets, coupled with due process and fair trials, will send a strong message that perpetrators of such crimes will face severe consequences, irrespective of their positions of power or influence.
Credit: The Star : News Feed
