15.04.2016 - How Malaysia's 1MDB fund scandal reaches around the world
1Malaysia Development Bhd, the troubled Malaysian state fund that's the subject of global investigations, said it could be a victim of fraud if payments of $3.5 billion intended for an Abu Dhabi sovereign wealth fund never made it there. Authorities from the US to Switzerland and Singapore are trying to determine if some of the billions of dollars that 1MDB raised were siphoned out inappropriately. 1MDB, whose advisory board is headed by Prime Minister Najib Razak, amassed more than 50 billion ringgit ($12.9 billion) of debt over six years, using some of it to buy energy assets, including joint ventures with companies in Saudi Arabia and Abu Dhabi. Here is a look at how wide and deep the roots of the scandal might have penetrated...............................................Full Article: Source
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