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Friday 27 November 2015

The Wall Street Journal : Malaysia's 1MDB Decoded : How Millions Went Missing


Malaysia's 1MDB Decoded

How Millions Went Missing



A Malaysian government investment fund is embroiled in a corruption scandal that is roiling an important U.S. ally. Government investigators say nearly $700 million was deposited into Malaysian Prime Minister Najib Razak’s bank account. More money is believed missing. The fund, 1Malaysia Development Bhd., is under investigation in at least five countries. Mr. Najib and 1MDB have denied wrongdoing and say they are cooperating with investigators.

 

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