Kleptocracy Asset Recovery Initiative
Kleptocracy Asset Recovery Initiative (KARI) is an initiative of the United States government under the supervision of the United States Department of Justice that helps U.S prosecutors in the control and forfeiture of laundered funds or assets located abroad, take legal actions in U.S courts to help foreign governments obtain control and forfeiture of assets of foreign government officials in the United States.[1][2][3]
The initiative was setup in 2010 with five U.S prosecutors initially but the number increased within the coming years.
Notable investigations
- Embezzlement of funds looted by Ex-Nigerian Head of State Sani Abacha and Dan Etete, Former Minister of Petroleum (Malabu oil deal)[4] - $1.3billion[5]
- Embezzlement of Over $3.5billion by Prime Minister Najib Razak from 1Malaysia Development Berhad (1Malaysia Development Berhad scandal)[6][7]
gollark: What's a "micro-s/t"?
gollark: They were hit by the Rebels' brainwashing rays and converted to the Rebellion.
gollark: Well, I have more metals than that.
gollark: I thought it was two.
gollark: As I'm also on a sim-only plan, I'm paying them basically for an internet connection, and charging extra to use that on other stuff is crazy.
References
- "Money Laundering and Asset Recovery Section (MLARS)". www.justice.gov. 2015-03-25. Retrieved 2019-08-08.
- BEDI, RASHVINJEET S. (2019-05-08). "RM1.3bil in 1MDB assets recouped". The Star Online. Retrieved 2019-08-08.
- Wayne, Leslie (2016-02-16). "Wanted by U.S.: The Stolen Millions of Despots and Crooked Elites". The New York Times. ISSN 0362-4331. Retrieved 2019-08-08.
- Olawoyin, Oladeinde (2019-07-25). "Malabu Scandal: We did no wrong, JPMorgan tells British court". Retrieved 2019-08-08.
- "The U.S. Justice Department and Kleptocracy in Nigeria". Council on Foreign Relations. Retrieved 2019-08-08.
- Belford, Aubrey. "With Kleptocrats Untouchable, America Goes Big on Another Strategy: Taking Their Stuff Instead". www.occrp.org. Retrieved 2019-08-08.
- "U.S. Seeks to Recover $1 Billion in Largest Kleptocracy Case to Date". Federal Bureau of Investigation. Retrieved 2019-08-08.
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