Malaysia is scrambling to bring home billions of dollars allegedly siphoned off from 1MDB, a state fund founded by ex-premier Najib Razak, who lost a general election last month. His successor, Prime Minister Mahathir Mohamad, said Malaysia is also seeking to arrest financier Low Taek Jho, a central figure in the scandal who advised on investments and negotiated deals for 1MDB.
KUALA LUMPUR: Malaysia can go through the courts in Singapore to establish ownership of any seized assets linked to the 1Malaysia Development Bhd (1MDB) and take steps to recover them, said its Foreign Minister Dr Vivian Balakrishnan.
Singapore will continue to assist Malaysia in its investigations into 1MDB, Singapore’s Straits Times reported him as saying yesterday.
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