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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration

1MDB should be more transparent in corporate reporting, says anti-graft body

Posted on 24 February 2014

1Malaysia Development Bhd’s failure to file its audited accounts for the financial year ending March 2013 with the regulators raises questions over its commitment to transparency in corporate reporting, Transparency International Malaysia (TI-M) said today.
1Malaysia Development Bhd, or 1MDB, is a government sovereign wealth fund. The anti-graft watchdog said in a statement that corporate activities should be reported in a timely manner, and must show accountability, accuracy and completeness in its records………………………………………..Full Article: Source


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