A Malaysian task force investigating a multibillion-dollar scandal at state fund 1MDB is working with counterparts in neighbouring Singapore to retrieve funds believed to have been misappropriated, it said on Thursday.
At least six countries, including the United States and Switzerland, are investigating claims that US$4.5 billion was siphoned out of the fund, 1Malaysia Development Berhad, founded by former prime minister Najib Razak.
Malaysia’s 1MDB task force, which met nine Singapore…
We understand Legal Issues in Asia