MACC seeks update from
Germany over seizure of
‘rare’ Bugatti Veyrons
MACC chief commissioner Azam Baki says the agency had initiated an investigation into the matter in 2020.
PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has confirmed that it is seeking clarification from the relevant authorities in Germany over the confiscation of four Bugatti Veyrons in relation to a probe into the 1MDB scandal.
MACC chief commissioner Azam Baki said on Oct 26, 2022, it had requested information from the Germans regarding luxury cars purchased using funds from 1MDB.
“MACC had requested information from the German authorities regarding 1MDB bond funds used to purchase luxury cars in Germany.
“Following this latest development, MACC has sent a request for updated information from the German authorities,” he said in a statement.
He was responding to a report by German newspaper Bild, on the confiscation of four special edition Bugatti Veyron supercars from a private storage facility in Munich recently.
The four cars that were seized were said to have a total retail value of over RM14 million. However, according to Bild, the actual value of the vehicles was tough to estimate and that they were rarely sold at public auctions.
Azam said MACC had initiated an investigation into this matter in 2020. A mutual legal assistance (MLA) request to Switzerland for information on frozen assets related to the 1MDB scandal was sent in November 2020.
“This was followed by meetings with the Office of the Attorney General of Switzerland (OAG) regarding 50 luxury cars involved in the 1MDB investigation in 2021,” he said.
He added that in March 2022, a meeting with the OAG was held in Switzerland to discuss the progress of the MLA request and to obtain further information.
I still remember back in 2016, PM Najib, the entire Government apparatus and their propagandists were screaming the mantra "There is No money missing from 1MDB."
ReplyDeleteWhen the US DOJ stated in 2017 that they had seized assets in the US illegally purchased with 1MDB funds and were seeking cooperation from Malaysian authorities on returning the funds, Najib brazenly stated "why should Malaysia respond when there is No money missing ?"