BREAKING NEWS! . . . DoJ gets back billions for M’sia, AGC must explain ‘failures’ . . .

DoJ gets back billions for M’sia, AGC must explain ‘failures’.

Money laundering ‘open and shut’ cases under international law.

The AGC made the “mistake” of saying in court that the monies came from 1MDB.

The AGC couldn’t prove it. The court did not probe the source of the monies.

DoJ didn’t claim that the assets, frozen/seized/forfeited, came from 1MDB.

DoJ said they were the result of money laundering.

International law defines money laundering as having assets far in excess of what can be legitimately accumulated over a lifetime.

Such assets can be frozen, seized and forfeited by the state by civil action.

Criminal suit would only be instituted if the civil action is challenged.

Unlike the AGC, the DoJ got back billions for M’sia.

IGP, court, should do due diligence on inflated gov’t contracts and pink share forms of publicly listed companies reserved for Orang Asal, Orang Asli and Malay under Article 153 and the New Economic Policy (NEP) 1970 to 1990.

MACC should probe lavish lifestyles, luxury vehicles, palatial homes and fittings.

Bank Negara should enforce law on money laundering.

IRB should tax donations above RM5K, tax unexplained assets and income, enforce law on undeclared income and tax evasion, and do due diligence on tax avoidance.

Author: fernzthegreat

Joe Fernandez holds a honours degree in management, majoring in economics, and has opted from academia in law to being a jurist. He was trained professionally on the job as a journalist. He's a longtime Borneo watcher, keen on the history and legal aspects of Malaya's presence in Sabah and Sarawak. He teaches the English language privately and has emerged as a subject matter expert in public examination techniques.

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