Luyện Nghe VOA: US Investigates Missing Money in Malaysia

US Investigates Missing Money in Malaysia

U.S. (1)______________ Loretta Lynch says billions of dollars were stolen from an (2)_________________ run by the government of Malaysia.
The thieves may be (3)_____________________ in the Malaysian government and their family members.
The money (4)________________ was supposed to be used for economic development projects and to help (5)_______________ of life in Malaysia. But instead, it was used to buy (6)______________ by famous artists such as Vincent Van Gogh, Claude Monet and Pablo Picasso. More money was used to (7)__________________ and a jet, and to finance Hollywood movies.
The fund is called 1MDB. It opened in 2009.
Early on, billions of dollars moved out of the fund and into the account of a (8)____________________ PetroSaudi International. The money was supposed to (9)__________________ between Malaysia and the oil company. But the money went back into the account of a Malaysian government official (10)_______________ “Malaysian Official One.”
Lynch would not (11)______________ known as “Malaysian Official One.” But observers believe it may be Malaysian Prime Minister Najib Razak.
Over the next five years, more than $3.5 billion (12)______________ from the fund into private bank accounts in Switzerland.
The U.S. Department of Justice is (13)___________________ at least $1 billion in assets that were purchased with money stolen from the fund.
(14)________________ the artwork and some of the profits from the 2013 movie “The Wolf of Wall Street.” The case, filed in California, is in fact called “U.S. v. Wolf of Wall Street.”
Najib’s (15)__________________ Malaysian investor started the production company that financed the film. The money likely came from the 1MDB fund.
Lynch said, “(16)___________________ treated this public trust as a personal bank account.”
The Department of Justice is (17)________________ its Kleptocracy Asset Recovery Initiative. Lynch says the U.S. is involved because money passed through American banks. U.S. (18)_______________ Goldman Sachs also raised money for the fund.
The complaint says banks in Singapore, Switzerland, Luxembourg and the U.S. were used (19)_________________. Other governments are investigating the 1MDB fund, including Switzerland and Singapore.
Members of the Malaysian (20)_________________ will probably ask for Najib to resign. But some of those same party members say Najib’s position as prime minister is (21)_________________.
Charles Santiago is a member of the opposition Democratic Action Party. He says (21)________________ in Malaysia will ask for (21)____________ based on the U.S. allegations. But, he said, “This will not go far.”
I’m Dan Friedell.
Steve Herman wrote this story for Dan Friedell adapted it for Learning English. Kelly Jean Kelly was the editor.
Do you think the U.S. will be successful in its case? We want to know. Write to us in the Comments Section or on our Facebook page.

Words in This Story

trust – n. an arrangement in which someone's property or money is legally held or managed by someone else or by an organization (such as a bank) for usually a set period of time
kleptocracy – n. a corrupt government that steals from the people it is supposed to represent
asset – n. something that is owned by a person, company, etc. — usually plural
initiative – n. a plan or program that is intended to solve a problem
complaint – n. a formal charge saying that someone has done something wrong
fraud – n. the crime of using dishonest methods to take something valuable from another person
allegation – n. a statement saying that someone has done something wrong or illegal

Share on Google Plus

About Hoang Van Manh

    Blogger Comment
    Facebook Comment

0 nhận xét:

Post a Comment