Malaysia's Bank Negara launches 1MDB inquiry
It has also taken statements from individuals involved in the governance of the state fund
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Kuala Lumpur
MALAYSIA'S central bank said on Wednesday that it has launched a formal inquiry into state fund 1MDB and issued a legal directive for information to examine whether there had been any violation of its rules.
1MDB, a property-to-energy group whose advisory board is chaired by Prime Minister Najib Razak, has been dogged by controversy over nearly RM42 billion (S$15.29 billion) of debt and alleged financial mismanagement.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
