(Reuters) - The U.S. Department of Justice filed lawsuits on Wednesday seeking to seize dozens of properties tied to Malaysian state fund 1Malaysia Development Berhad (1MDB), saying that over $3.5 billion was misappropriated from the institution. The lawsuits, filed in Los Angeles, seek to seize assets "involved in and traceable to an international conspiracy to launder money misappropriated from 1MDB".The lawsuits said the alleged offences were committed over a four-year period and involved multiple individuals, including Malaysian officials and their associates, who conspired to fraudulently divert billions of dollars from 1MDB... - The New York Times, 20/7/2016
SO, WHAT IS THE RESPONSE FROM THE VICTIM - 1MDB?
US Attorney General Press Conference
1MDB notes a press conference led by the US Attorney General today relating to a civil court action filed by the government of the United States of America.1MDB highlights that it is not a party to the civil suit, does not have any assets in the United States of America, nor has it benefited from the various transactions described in the civil suit.Furthermore, 1MDB has not been contacted by the US Department of Justice or any other foreign agency in relation to their investigations.As previously stated, 1MDB will fully cooperate with any foreign lawful authority, subject to international protocols governing such matters and the advice of the relevant domestic lawful authorities. - 1MDB Website
1MDB Audited Accounts & Auditor Update
On 20 July 2016, the Office of the Attorney General of the United States of America announced that the Department of Justice filed a civil forfeiture complaint against certain entities and individuals and contemporaneously filed related actions seeking the civil forfeiture of certain assets held in the names of these parties (“Complaint”).The Board of Directors of 1MDB has reviewed and deliberated the contents of the Complaint. Whilst the Board remains confident that no wrongdoing has been committed by 1MDB and that the past audited financial statements continue to show a true and fair view of the company’s affairs at the relevant points in time, the Board has decided that, as a precautionary measure, the 2013 and 2014 audited financial statements of 1MDB should no longer be relied on by any party, pending final and conclusive determination by a court of law of certain alleged facts, as described in the Complaint.The Board takes this opportunity to highlight it is committed to finding a new auditor for 1MDB, to replace Deloitte, which has previously notified 1MDB of its intention to resign on 26 February 2016. Until a new auditor is appointed, Deloitte will remain as auditor on record. The Board appreciates the professionalism displayed by Deloitte to date and highlights that Deloitte will continue to audit key subsidiaries of 1MDB, including but not limited to: TRX City Sdn. Bhd. (formerly known as 1MDB Real Estate Sdn. Bhd.), Bandar Malaysia Sdn. Bhd. and Edra Bhd. - 1MDB Website