1MDB funds siphoned off under 'Ponzi' scheme
Swiss regulator gives update on its ongoing probe into Malaysia-govt-owned strategic investment company
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Anita Gabriel
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Singapore
MORE than a year and a half ago Malaysian opposition lawmaker Tony Pua described Malaysia's troubled 1Malaysia Development Bhd (1MDB) as a "Ponzi" scheme. He was roundly dismissed by some as a fierce critic of the state-backed firm going on a rant.
But on Wednesday, validation came from an unlikely place - Switzerland.
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