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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, People

Key Figure in 1MDB Probe Is Arrested in Abu Dhabi

Posted on 19 August 2016

Abu Dhabi authorities have arrested Khadem Al Qubaisi, who authorities say is a key figure in an alleged multibillion-dollar fraud related to a Malaysian sovereign-wealth fund, according to people familiar with the matter.
The arrest last week was made in relation to an Abu Dhabi investigation into fraud and corruption, which includes Mr. Qubaisi’s alleged role in the 1Malaysia Development Bhd., known as 1MDB, affair, the people said. No charges have been filed against him………………………………………..Full Article: Source


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