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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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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.

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,

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