Anwar: UK assures seized 1MDB assets will be repatriated

  • Jun 12, 2018
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The United Kingdom is committed to assisting the Malaysian government in investigations into 1MDB and has agreed to repatriate any assets linked to the fund seized there, according to PKR de facto leader Anwar Ibrahim.

Anwar was recently in UK capital London where he met with the UK government to discuss Malaysia’s May 9th general election, which saw the fall of the BN regime.

“During a meeting with UK Secretary of State for Foreign and Commonwealth Affairs Boris Johnson, Anwar affirmed the long-standing history of mutual friendship and collaboration between the two nations and a mutual interest to strengthen relations under the new Pakatan Harapan government.

“The Foreign Secretary provided his assurance that the UK government will support investigations pertaining to the 1MDB corruption scandal, including the repatriation of assets seized in the UK,” said a statement released by his office.

Since forming the government, Harapan has set up a 1MDB taskforce and the 1MDB committee to oversee investigations into the troubled state strategic investment fund.

The MACC has since questioned former prime minister Najib Abdul Razak and his wife Rosmah Mansor while several of their residences have been raided by police.

Other issues Anwar discussed with British ministers were prospective opportunities for enhancing “bilateral business, education, science and medical collaborations”.

Gov't to review Battersea

Meanwhile, in an interview with the UK newspaper The Guardian, Anwar said that the Harapan government will be reviewing government projects, including the multi-billion re-development of the Battersea Power Station in London.

“Anwar signalled that the new Malaysian government will be also looking into major property investments using Malaysian government funds in the United Kingdom during the previous administration, in particular, the significant Battersea Power Station (photo) development.

“He told the paper a series of deals paid for by Malaysian sovereign funds and pension funds had to be looked at again and renegotiated if there were any evidence of wrongdoing,” read the statement.

Previously dubbed UK’s “biggest ever property deal”, the Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB) bought the historic but dilapidated power station for £1.6billion (about RM8.52 billion).

The seven-phase redevelopment includes luxury residential units, commercial lots and office spaces. Technology company Apple is slated to set up its London headquarters there.

Bernama previously reported that Phase 1 of the project, which comprises largely of residential units, was already completed while the residential component of Phase 2 was almost fully taken up.

On his trip, which was by invitation from former US vice-president Al Gore, Anwar also met with London mayor Sadiq Aman Khan.

Among the issues they discussed were ways Malaysia could emulate London in terms of in urban planning, affordable housing and sustainable development as well as ways to overcome religious extremism and Islamophobia.

Khan is the British capital’s first Muslim and ethnic minority mayor.