SUBSCRIBERS
M'sia to take action if proven that 1MDB has been defrauded
Published Thu, Aug 18, 2016 · 09:50 PM
Kuala Lumpur
MALAYSIA will take legal action against individuals named in civil lawsuits filed by US prosecutors last month if there is proof that they defrauded a Malaysian state-owned fund, a government minister said on Thursday.
More than US$3.5 billion was allegedly misappropriated from 1Malaysia Development Berhad (1MDB), founded by Prime Minister Najib …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year