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Low, through a spokesman from his legal team, has described the handing over of the yacht to Malaysia as illegal and politically motivated. “The Mahathir regime’s illegal act today, ignoring court rulings in legal proceedings in the U.S. and Indonesia, prove he has no interest in a fair and just process,” he said in a statement Monday. Low has previously denied any wrongdoing. His Malaysian passport has been revoked and an arrest warrant issued. Mahathir said any claimants to the yacht should provide proof that it belonged to them, and where they got the money to pay for it.
“We believe the ship is owned by the Malaysian government because it was bought by Malaysian money that was stolen by certain baltimore orioles cufflinks and tie bar gift set parties,” Mahathir said, The yacht was handed over to Malaysian authorities at the Indonesian island of Batam, and was expected to reach Malaysia’s Port Klang “within 48 hours”, a spokesman for Mahathir said in a text message, Mahathir ousted his predecessor and former protege Najib Razak in an election in May, and immediately launched an investigation into 1MDB..
The fund, founded by Najib, is at the center of money-laundering probes in at least six countries, including the United States, Switzerland and Singapore. Najib, who has been questioned by Malaysian anti-graft officers and is barred from leaving the country, has denied any wrongdoing related to 1MDB. Finance Minister Lim Guan Eng told reporters the government planned to take inventory of items one the yacht and open the vessel for public viewing, before eventually selling it “at the highest price”.
Lim said Malaysia’s attorney-general was expected to issue a statement on Tuesday regarding the status of the yacht and address concerns that baltimore orioles cufflinks and tie bar gift set it could affect investigations by the United States Department of Justice (DoJ), The DoJ has sought to take custody of the Equanimity, after it was seized by Indonesia in February at the request of U.S, authorities as part of a multi-billion dollar anti-kleptocracy investigation into 1MDB, A total of $4.5 billion was misappropriated from 1MDB by high-level officials of the fund and their associates, according to civil lawsuits filed by the DOJ..
SHANGHAI/BEIJING (Reuters) - Chinese state media on Monday lambasted U.S. President Donald Trump’s trade policies in an unusually personal attack, and sought to reassure investors anxious about China’s economy as growth concerns battered its financial markets. China’s strictly controlled news outlets have frequently rebuked the United States and the Trump administration as the trade conflict has escalated, but they have largely refrained from specifically targeting Trump. The latest criticism from the overseas edition of the ruling Communist Party’s People’s Daily newspaper singled out Trump, saying he was starring in his own “street fighter-style deceitful drama of extortion and intimidation”.
Trump’s desire for others to play along with his drama is “wishful thinking”, baltimore orioles cufflinks and tie bar gift set a commentary on the paper’s front page said, arguing that the United States had escalated trade friction with China and turned international trade into a “zero-sum game”, “Governing a country is not like doing business,” the paper said, adding that Trump’s actions imperiled the national credibility of the United States, The heated dispute between the world’s two biggest economies has roiled financial markets including stocks, currencies and the global trade of commodities from soybeans to coal in recent months, Last month, the International Monetary Fund warned that escalating trade conflicts following U.S, tariff actions on its trading partners threaten to derail the global economic recovery..
The United States and China implemented tariffs on $34 billion worth of each other’s goods in July. Washington is expected to soon implement tariffs on an additional $16 billion of Chinese goods, which China has already said it will match immediately. On Friday, China’s finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States worth $60 billion. That move was in response to the Trump administration’s proposal of a 25-percent tariff on $200 billion worth of Chinese imports.
The trade war, rising corporate bankruptcies, and a steep decline in the value of the yuan versus the dollar have raised concerns that China’s economy could face a steeper slowdown, baltimore orioles cufflinks and tie bar gift set Recent data showed growth has already started to cool, The government has responded by releasing more liquidity into the banking system, encouraging lending and promising a more “active” fiscal policy, U.S, companies are putting in place measures to cushion the impact of the trade row, including price hikes, and a number of companies - from industrial firms to home furnishers and toymakers - have said they will move some sourcing and manufacturing outside of China..