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Why no one claims ownership of RM4.5b?
KUALA LUMPUR, June 14, 2025: It is rather perplexing and somewhat comical that large sums of money linked to Malaysians and Malaysia are left unclaimed.
For some reason or other, no one dares to claim ownership of such “dirty monies”?
In the 1Malaysia Development Berhad (1MDB) financial scandal global probe, no one dared to claim ownership of RM4.5 million.
The Malaysian Anti-Corruption Commission (MACC) has secured a RM4.5 million forfeiture linked to 1MDB from a BSI Bank account in Switzerland under the name of Derivale Ltd, whose beneficiary is Azlin Alias.
Who is Azlin Alias? To date, no investigating officer has revealed who is Azlin!
Also, remember the case of a bag containing more than RM500,000 that a security guard found in a shopping mall car park uin March last year?
There was much publicity by the police but what has happened to the money? Has anyone claimed it?
Why, suddenly there is no follow-up update by the police on the case?
Also, Malaysia has some RM11 billion of unclaimed money!
No News Is Bad News reproduces below news reports on the cases:
MACC secures RM4.5mil forfeiture linked to 1MDB from Swiss bank account
The Kuala Lumpur High Court allows the seizure after it was told that there were no objections or claims made by any party.
MACC said this marks the first successful forfeiture of overseas assets linked to 1MDB without involving prosecution. (AP pic)
PETALING JAYA: The Malaysian Anti-Corruption Commission has secured the forfeiture of US$954,299.58 (RM4.5 million) from a Swiss bank account linked to the misappropriation of 1MDB funds.
MACC said the Kuala Lumpur High Court allowed the forfeiture today after the deputy public prosecutor informed the court that there were no objections or claims made by any party during the proceedings.
“Justice K Muniandy granted the application to forfeit the funds held in a BSI Bank account in Switzerland under the name of Derivale Ltd, whose beneficiary is Azlin Alias,” it said in a statement.
The forfeiture was carried out under Section 56 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
According to MACC, this marks the first successful forfeiture of overseas assets without involving prosecution.
It said the funds will now be transferred to the government as part of ongoing recovery efforts related to the 1MDB scandal.
Last month, MACC chief Azam Baki said repatriating assets linked to 1MDB remained a difficult process as many of these stolen assets were located overseas.
He said the complex nature of the case made international cooperation crucial, especially when it came to tracing and retrieving funds that were siphoned into multiple countries.
Azam also said Malaysia lost an estimated RM277 billion to corruption between 2018 and 2023 – an average of RM55 billion a year – describing the amount as “very alarming”.
Friday, 22 March 2024
Security guard who found more than RM500,000 and handed the money over to police a very rare honest man
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No News Is Bad News
Security guard who found more than RM500,000 and handed the money over to police a very rare honest man
KUALA LUMPUR, March 22, 2024: Security guard Sherpa Dawa, who found a bag containing more than RM500,000 in a shopping mall car park on Wednesday (March 20), is a very rare honest man.
It is even more amazing that he is a foreigner and his income is unlikely to enable him to make that much in his lifetime, if he had kept what he found.
Until today, no one seems to have responded to the police call to the owner to claim his/her bag.
This gives rise to suspicions that they money could be linked to criminal activities.
Now, if you had found the money, would you do the same as Sherpa?
No News Is Bad News reproduces below two news reports on the mysterious find by Sherpa:
Award for security guard who turned in money-filled bag
-22 Mar 2024, 08:30 PM
Sherpa Dawa says he knew exactly what to do after discovering the bag which contained half a million ringgit.
Security guard Sherpa Dawa was praised for his honesty and received an award as well as a gift from company director Hardeep Singh.
PETALING JAYA: Sherpa Dawa, a security guard who returned a luggage bag containing RM500,000 in cash, has won praise from his employer for his honesty.
The 39-year-old was presented with an award and a gift from his company, A5 Security Services. Company director Hardeep Singh said he was extremely proud of Dawa for the way he handled the situation and for following procedure.
“We appreciate his honesty very much. (The money in the bag) was a huge sum and we are grateful for what he did, which is why we are rewarding him today,” Hardeep told reporters here.
Dawa, who has been with the security firm for four years, said the training he received kicked in when he discovered the bag while on duty at a shopping mall in Damansara.
“I knew exactly what to do. I didn’t even consider how much was in the bag, I just carried out my job,” he said.
He subsequently reported his discovery to the mall management and the authorities.
Hardeep went on to commend Dawa as the best security guard the company had. He hoped that Dawa would be with them for years to come.
“I hope we can extend his permit, we need people like him.”
Yesterday, Selangor police chief Hussein Omar Khan said police received a report from the security guard who discovered the suitcase at 8am at the car park of the shopping mall.
He said anyone who may have lost such a substantial sum should come forward to the Petaling Jaya police station. If no one claims the money, it will be handed over to the court for action.
Bag with over RM500,000 found in mall parking lot [NSTTV]
By Hana Naz Harun - March 21, 2024 @ 1:19pm
https://www.youtube.com/watch?v=Yb_sWH0U0w8&t=2s (Bag with over RM500,000 found in mall parking lot)
SUBANG JAYA: Police are looking for the owner of a pink-and-white luggage bag filled with over half a million ringgit, which was left at a shopping mall's parking lot.
The bag was handed to police by the mall's security guard at 8am yesterday (March 20).Ads by
Selangor police chief Datuk Hussein Omar Khan said the bag contained RM100, RM50, and RM10 notes.
"We received the report from the security guard, a Malaysian in his 30s, at 8am yesterday," he told reporters today.
Hussein said there were no closed-circuit television (CCTV) cameras pointing at the area the bag was left.
The cabin-sized bag was not locked when it was found.
"Anyone who has left this huge amount of money can come to the Petaling Jaya district police headquarters to claim it.
"We believe the money is real, but we will check with Bank Negara Malaysia," he said.
SUBANG JAYA: Selangor police chief Datuk Hussein Omar Khan (Second from left) together with his officers shows a bag filled with close to half a million Ringgit in cash that was found by a security guard in the parking lot of a shopping mall in Petaling Jaya, at the Subang Jaya district police headquarters. — STR / HAZREEN MOHAMAD
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