August 25, 2019, 2:09


Malaysian Man Involved in 1MDB Case Faces New Charges Over Alleged Obama Funds

Malaysian Man Involved in 1MDB Case Faces New Charges Over Alleged Obama Funds

The businessman is one of the key figures in a money-laundering scandal which also involves a number of Malaysian officials, including former Prime Minister Nijab Razak, who are suspected of embezzling billions of dollars from the 1Malaysia Development Berhad (1MDB) fund since 2009.

Additional charges have been lodged against Malaysian businessman Jho Low, who is already accused of being involved in a money-laundering scheme related to the 1MDB wealth fund.

Low, along with Haitian-American rapper Prakazrel “Pras” Michel, have been indicted of conspiracy to make illegal contributions to the 2012 reelection campaign of former US President Barack Obama; contributing to US election campaigns is illegal for foreign nationals.

READ MORE: Malaysian Investigators to Summon Two Goldman Units in 1MDB Case

US prosecutors claimed in an indictment on Friday that Low transferred $21.6 million to Michel “for the purpose of funnelling significant sums of money into the United States presidential election”.

Michel, for his part, allegedly paid nearly $865,000 to about 20 “straw donors” to help them make donations in their names to a presidential fundraising committee.

“The object of the conspiracy was for Michel and Jho Low to gain access to, and potential influence with, Candidate A and his administration, by secretly funnelling foreign money from Jho Low through Michel. To gain further access to and influence with Candidate A and his administration, Jho Low attended or arranged for his associates to attend events at the White House with Candidate A”, the indictment said.

READ MORE: 1MDB Scandal Deepens as US Seeks to Recover $38 Mln in Assets

Although the presidential candidate receiving the donations was only referred to as “Candidate A”, it has been widely reported that Barack Obama was the recipient. The former US president has reportedly declined to comment on the matter.

Earlier, the Malaysian businessman faced the 1MDB case-related charges in New York for allegedly conspiring to loot billions of dollars from the wealth fund.

The additional accusations against Low come after Malaysia’s Attorney General Tommy Thomas announced that Washington had partly returned and will be returning considerable amount of funds recovered from seized assets related to the 1MDB fund.

Since the creation of the 1Malaysia Development Berhad (1MDB) fund in 2009, an array of Malaysian officials, including former Prime Minister Nijab Razak, have been suspected of laundering a total of $4.5 billion from fund-related projects and activity.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Weather

Moscow

Today08/24/2019
23℃

Sun
08/25/2019
sky is clear

  • sky is clear
  • HI/LO: 20/11
  • Clouds: 0%
  • Wind: 4.26 m/s
  • Wind Direction: NNW
  • Pressure: 1025hPa
  • Humidity: 58%

Mon
08/26/2019
sky is clear

  • sky is clear
  • HI/LO: 21/11
  • Clouds: 0%
  • Wind: 3.08 m/s
  • Wind Direction: WSW
  • Pressure: 1026hPa
  • Humidity: 54%

Tue
08/27/2019
light rain

  • light rain
  • HI/LO: 19/8
  • Clouds: 91%
  • Wind: 5.55 m/s
  • Wind Direction: NNW
  • Pressure: 1017hPa
  • Humidity: 66%

Wed
08/28/2019
sky is clear

  • sky is clear
  • HI/LO: 12/5
  • Clouds: 0%
  • Wind: 5.69 m/s
  • Wind Direction:
  • Pressure: 1024hPa
  • Humidity: 53%

Thu
08/29/2019
sky is clear

  • sky is clear
  • HI/LO: 14/5
  • Clouds: 0%
  • Wind: 5.2 m/s
  • Wind Direction: N
  • Pressure: 1025hPa
  • Humidity: 53%

Fri
08/30/2019
light rain

  • light rain
  • HI/LO: 12/5
  • Clouds: 86%
  • Wind: 3.39 m/s
  • Wind Direction:
  • Pressure: 1023hPa
  • Humidity: 62%

Сторонняя реклама



Статьи
Статьи В
Создание Сайта Кемерово, Создание Дизайна, продвижение Кемерово, Умный дом Кемерово, Спутниковые телефоны Кемерово - Партнёры
Яндекс.Метрика