From 2009 to at least 2013, private individuals were allegedly able to siphon off more than $3.5 billion from the wealth fund of Malaysia and go on a high-end luxury shopping spree in several countries including the United States, the United Kingdom and Switzerland for property, museum-quality art and a private jet. … Continue Reading
The Singapore Commercial Affairs Department and the Monetary Authority of Singapore said Monday they have seized a “large number” of bank accounts linked to a money laundering investigation involving the Malaysia state investment fund 1MDB.… Continue Reading
Malaysia Prime Minister Najib Razak on Tuesday fired his deputy premier, Muhyiddin Yassin, who publicly questioned the government’s closure of two newspapers.
Muhyiddin also asked about delays in the continuing investigation into state-investment fund 1 Malaysia Development Bhd.… Continue Reading