Friday, May 31, 2013

Malaysia police track 'money trail' in US fraud probe

Malaysia police track 'money trail' in US fraud probe

2 comments:

  1. A leading Malaysian opposition figure said the case highlighted a "culture of corruption" under the scandal-prone coalition that has ruled the country for 56 years.

    "The time has come for the (government) to stop being in denial by adopting genuine financial reform to clean up and stop such criminal activities" as illicit outflows and money-laundering, parliamentarian Lim Guan Eng said in a statement.

    Corruption is a major concern in Malaysia.

    US-based Financial watchdog Global Financial Integrity said last year that Malaysia in 2010 suffered an estimated $64 billion in illicit capital outflows, second only to economic giant China.

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  2. A leading Malaysian opposition figure said the case highlighted a "culture of corruption" under the scandal-prone coalition that has ruled the country for 56 years.

    "The time has come for the (government) to stop being in denial by adopting genuine financial reform to clean up and stop such criminal activities" as illicit outflows and money-laundering, parliamentarian Lim Guan Eng said in a statement.

    Corruption is a major concern in Malaysia.

    US-based Financial watchdog Global Financial Integrity said last year that Malaysia in 2010 suffered an estimated $64 billion in illicit capital outflows, second only to economic giant China. ..... Malaysia police track 'money trail' in US fraud probe http://on-msn.com/16rHgzl via @mymsnnews

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