The Business Times
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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 Razak, according to civil lawsuits filed by the US Justice Department.

Malaysia

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