Global Investigations Review - The law and practice of international investigations

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Wednesday, 12 December 2018

Malaysia’s former PM faces further 1MDB charges

Malaysian prosecutors have filed additional corruption charges against ex-prime minister Najib Razak and charges against Arul Kanda Kandasamy, the former chief executive of state fund 1MDB, according to reports.

Najib has been charged with abusing his position by tampering with a 2016 government 1MDB audit report to protect himself from criminal, civil, and regulatory action, while Kandasamy has been charged with helping him. The pair, who each face a 20-year prison term if found guilty, have pleaded not guilty. 

Najib has previously been charged with 38 charges of money laundering, corruption, and breach of trust, 32 of which are linked to 1MDB. He denies wrongdoing.  

Huawei CFO released on bail in Canada

The chief financial officer of Chinese tech company Huawei has been released on C$10 million (US$7.4 million) bail, according to reports 

The Supreme Court of British Colombia released Meng Wanzhou on bail on 11 December and ordered her to wear an electronic tag and surrender. She will also be under 24-hour surveillance.

Meng was arrested in Canada on 1 December at the behest of US prosecutors investigating Huawei’s alleged violation of US sanctions on Iran. She denies wrongdoing. 

In an interview with Reuters, US President Donald Trump said in an interview with Reuters that he would intervene in the case if it would serve the US’ security and economic interests. 

Brazilian police investigate senators in meatpacking probe

Approximately 200 Brazilian police have executed 24 search-and-seizure orders in an investigation into whether three senators and three members of the Chamber of Deputies received undue advantages from “a large meatpacking company”, Brazilian police said in an 11 December statement.

The police said in the statement that the operation is linked to Operation Patmos, which is the name of the investigation into evidence gathered as part of the probe into Brazilian meatpacking company JBS, according to reports. 

JBS’s holding company J&F Investimentos agreed a $3.18 billion settlement with Brazilian prosecutors in 2017 to resolve bribery and corruption allegations.

Following the settlement, J&F executives have disclosed more wrongdoing and Brazilian authorities are reviewing the validity of the settlement.

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