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Malaysia 1MDB scandal

Malaysia 1MDB scandal
1Malaysia Development Bhd (1MDB) is a state investment fund that came under investigation for alleged impropriety in July 2015, after reports emerged that investigators traced some US$700 million wired into Prime Minister Najib’s bank accounts. Both the fund and the premier denied wrongdoing, but the attorney general launched an investigation into alleged graft. 1MDB was 42 billion ringgit (HK$86 billion) in debt at the time of the scandal.
Singapore

Singapore says Jho Low arrest warrants still in force despite US clemency bid

Several 1MDB-linked assets remain seized in Singapore, including those worth about US$78 million tied to Low and his family.

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Malaysian police probe reports of Jho Low’s secret 1MDB meetings in Kuala Lumpur

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High stakes, low odds: why Trump pardon is unlikely for 1MDB’s Jho Low

The request appears unlikely to succeed because Low has never appeared in a US court, stood trial or accepted responsibility, analysts say.

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