Tag: corruption

The 1MBD Scandal Moves Apace

The criminal investigation into Malaysia’s 1MDB scandal must be conducted in tandem with a multifaceted, multi-jurisdictional, multidisciplinary civil asset recovery investigation, says Martin Kenney

The political importance of asset recovery

Asset recovery is a term generally used to describe efforts made by a victim of a crime, usually a fraud, to get his or her stolen value back. It is a burgeoning area of practice, in major part because the quantum of value stolen and the overall risk has increased so much over the last 25 years.

There’s no quick fix remedy to tackle wilful defaulters

Unless active steps are taken by law enforcement, by building and deploying multi-disciplinary teams of asset recovery professionals, the list of wilful defaulters will increase On December 31, 2016, Finance Minister Arun Jaitley informed Parliament that there was a total of 9,130 wilful defaulters who collectively owed banks in the region of Rs 91,155 crore […]