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Wednesday, July 24, 2024

Corruption is Everywhere > Thousands arrested, 174 killed in Bangladesh chaos; Another $85 mn recovered from Malaysia's phenomenol 1MDB fraud

 

Thousands of protesters arrested in Bangladesh

amid deadly unrest


More than 2,500 people have been arrested in Bangladesh amid ongoing violence triggered by protests over employment quotas, according to an AFP tally on Tuesday. At least 174 people, including several police officers, have died in the unrest, which led to a curfew, military deployment and a nationwide internet blackout.

Issued on: 

The number of arrests in days of violence in Bangladesh passed the 2,500 mark in an AFP tally on Tuesday, after protests over employment quotas sparked widespread unrest.



At least 174 people have died, including several police officers, according to a separate AFP count of victims reported by police and hospitals.

What began as demonstrations against politicised admission quotas for sought-after government jobs snowballed last week into some of the worst unrest of Prime Minister Sheikh Hasina's tenure.

A curfew was imposed and soldiers deployed across the South Asian country, and a nationwide internet blackout drastically restricted the flow of information, upending daily life for many.


On Sunday, the Supreme Court pared back the number of reserved jobs for specific groups, including the descendants of "freedom fighters" from Bangladesh's 1971 liberation war against Pakistan.

The student group leading the demonstrations suspended its protests Monday for 48 hours, with its leader saying they had not wanted reform "at the expense of so much blood".

The restrictions remained in place Tuesday after the army chief said the situation had been brought "under control".

There was a heavy military presence in Dhaka, with bunkers set up at some intersections and key roads blocked with barbed wire.

But more people were on the streets, as were hundreds of rickshaws.

"I did not drive rickshaws the first few days of curfew, But today I didn't have any choice," rickshaw driver Hanif told AFP. 

"If I don't do it, my family will go hungry."

The head of Students Against Discrimination, the main group organising the protests, told AFP in his hospital room Monday that he feared for his life after being abducted and beaten, and the group said Tuesday at least four of its leaders were missing, asking authorities to "return" them by the evening.

'Killed at random'

The authorities' response to the protests has been widely criticised, with Bangladeshi Nobel Peace Prize laureate Muhammad Yunus urging "world leaders and the United Nations to do everything within their powers to end the violence" in a statement.

The respected 83-year-old economist is credited with lifting millions out of poverty with his pioneering microfinance bank but earned the enmity of Hasina, who has accused him of "sucking blood" from the poor.

"Young people are being killed at random every day," Yunus told AFP. "Hospitals do not reveal the number of wounded and dead.

Diplomats in Dhaka also questioned the government's actions, with US Ambassador Peter Haas telling the foreign minister he had shown a one-sided video at a briefing to diplomats.

Government officials have repeatedly blamed the protesters and opposition for the unrest.

More than 1,200 people detained over the course of the violence – nearly half the 2,580 total – were held in Dhaka and its rural and industrial areas, according to police officials who spoke to AFP.

Almost 600 were arrested in Chittagong and its rural areas, with hundreds more detentions tallied in multiple districts across the country.

'Sheikh Hasina never flees

With around 18 million young people in Bangladesh out of work, according to government figures, the June reintroduction of the quota scheme – halted since 2018 – deeply upset graduates facing an acute jobs crisis.

With protests mounting across the country, the Supreme Court on Sunday curtailed the number of reserved jobs from 56 percent of all positions to seven percent, mostly for the children and grandchildren of "freedom fighters" from the 1971 war.

While 93 percent of jobs will be awarded on merit, the decision fell short of protesters' demands to scrap the "freedom fighter" category altogether.

Late Monday, Hasina's spokesman told AFP the prime minister had approved a government order putting the Supreme Court's judgement into effect. 

Critics say the quota is used to stack public jobs with loyalists to Hasina's ruling Awami League.

Hasina, 76, has ruled the country since 2009 and won her fourth consecutive election in January after a vote without genuine opposition.

Her government is also accused by rights groups of misusing state institutions to entrench its hold on power and stamp out dissent, including by the extrajudicial killing of opposition activists.

(AFP)



U.S. recovers cash, artwork in $85M

1MDB civil forfeiture

By Mike Heuer

The superyacht Equanimity arrives at Port Klang, Selangor, Malaysia, on Aug. 7, 2018, and is among many assets seized from suspected 1MDB embezzler Low Taek Jho in recent years. Photo by Ahmad Yusni/EPA-EFE
The superyacht Equanimity arrives at Port Klang, Selangor, Malaysia, on Aug. 7, 2018, and is among many assets seized from suspected 1MDB embezzler Low Taek Jho in recent years. Photo by Ahmad Yusni/EPA-EFE

July 23 (UPI) -- The Department of Justice recovered nearly $85 million in cash and artwork allegedly paid for with money embezzled from 1Malaysia Development Berhad.

Federal prosecutors also recovered diamond jewelry and artwork by Pablo PicassoClaude MonetVincent Van Gogh, Diane Arbus and Jean-Michel Basquiat, it announced Tuesday.

The works of art and jewelry were allegedly possessed by Low Taek Jho, who also goes by Jho Low, and his co-conspirators after embezzling billions from 1MDB, which is Malaysia's sovereign investment fund.

Low and his co-conspirators are accused of embezzling more than $4.5 billion from 1MDB from 2009 through 2015.

1MDB former general counsel "Jasmine" Loo Ai Swan agreed to help the Department of Justice recover artwork by Picasso and money from a Swiss bank account.

The Department of Justice also obtained civil forfeiture orders on assets allegedly obtained by Low using embezzled funds, including the aforementioned diamond jewelry and works of art.

Instead of using 1MDB funds for their intended purpose of promoting economic development in Malaysia through direct foreign investment and global partnerships, the Department of Justice says Low and Loo conspired to embezzle the money.

Instead of improving the well-being of Malaysian people, the Department of Justice alleged the pair and others conspired to engage in international bribery and money laundering to promote their own well-being at the expense of the Malaysian people.

Loo agreed to surrender a Picasso work of art and $1.8 million in cash. The agreement still leaves Loo liable for potential criminal charges.

Low also agreed to forfeit the many works of art he allegedly bought using embezzled funds from 1MDB.

In June, he agreed to a $100 million asset forfeiture.

The combined assets forfeited by Loo and Low amount to about $85 million.

The asset forfeiture was done through the U.S. District Court for Central California.

The Department of Justice previously secured a combined total of about $1.4 billion in assets and returned them to Malaysia.

The assets were associated with the international embezzlement, money laundering and bribery scheme in which Loo, Low and others allegedly participated.

Low also is charged with conspiracy to launder billions embezzled from 1MDB and violating the Foreign Corrupt Practices Act by allegedly bribing Malaysian and Emirati officials.

Now the question is, how much and to whom? And were the recipient(s) aware of it? Of course they were, or what would be the point?

The additional criminal charges against Low are filed in the U.S. District Court of Eastern New York.


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