1MDB funds were used to pay for gambling debts in Las Vegas, said US investigators.
“Funds were stolen under the pretense of a 1MDB investment in oil exploration.
“On paper the US$1 billion was for resource rights, instead (it was) used for personal enrichment…(including) gambling debts in Las Vegas casions, a luxury yacht, interior decorators in London, millions in property including a Bombardier jet costing US$35 million,” said Deputy Director of the Federal Bureau of Investigation Andrew McCabe.
He said this at a US Department of Justice press conference on the civil complaints lodged by the department to seize approximately US$1 billion of assets linked to 1MDB.
“The Malaysian people were defrauded on an enourmous scale (…
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