IT is the third Ramadan in Malaysia for US Ambassador Kamala Shirin Lakhdhir and the envoy has been busy multitasking.
“I love enjoying the festivities in Malaysia but I’ll have to go home and be with the family this time,” says the envoy, whose father was born in Mumbai in 1925 and eventually moved to New York. Recently, US Principal Deputy Assistant Attorney-General John P. Cronan was in KL to confirm the initiation of the process to return approximately US$196mil to Malaysia, representing the first instalment of funds recovered from asset seizures related to what was described in the United States as “the worst form of kleptocracy”.
The new government also had acknowledged that they learned many things about the financial situation and aspects of the budgetary situation which were more serious than they realised. It’s been tough going in some ways I respect him for having to adapt and having to be a leader in this new environment with a new coalition.
The DOJ has all along been building this case. In 2016, it provided the asset forfeiture document that was publicly revealed and in the summer of 2017, they did more. From that moment, those named assets which are all over the world, as you know, were then seized and held. One of the challenges is that there is an ongoing criminal investigation and in some cases, there was a stay because the DOJ has said that we need to complete the ongoing criminal investigation before we can bring our evidence to court; that this particular asset is 1MDB-related. So this will take time.
In 2016, the DOJ famously referred to an “MO1” in its forfeiture documents. Will the DOJ seek to extradite MO1? If Low wanted to travel to the US to present his case in court in the US, I would think we would certainly welcome that. It’s fine to speak through the press but until you come and present your case in court ... well, we are waiting.Many Malaysians don’t realise how many US companies are in Malaysia and how long they’ve been here. I think everyone is aware of the number of US companies in Penang and Kedah, a lot of it are electronics, some involve medical devices which has been more recent.
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