Malaysia may attend US suit on 1MDB-linked seizures: report
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Kuala Lumpur
MALAYSIA may attend the US Department of Justice's proceedings in a civil suit to seize more than US$1 billion in assets that the latter said was illegally acquired with money diverted from an embattled Malaysian development fund, The Star reported.
Attorney-General Mohamed Apandi Ali said that he is contemplating holding a so-called watching brief to "register our interests" because 1Malaysia Development Bhd is a Malaysian company and the government has an interest, The Star newspaper reported on Monday. The Malaysian government didn't need to get involved because it was a private matter between US authorities and four defendants named in the suit, The Star earlier reported, citing Azalina Othman Said, a minister in the Prime Minister's Department.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts