Asia Pacific Jun 29, 2018

Malaysia freezes bank accounts of Najib's party in 1MDB probe

Malaysia's anti-graft agency has frozen bank accounts of the political party once led by former premier Najib Razak as part of its probe into beleaguered state fund 1Malaysia Development Bhd, media reported on Friday. Najib's United Malays National Organisation (UMNO) is believed to have received ...

Asia Pacific May 4, 2016

Malaysia to dissolve 1MDB advisory board, take over assets

Malaysia's finance ministry said Wednesday it would dissolve the board of advisers at 1Malaysia Development Berhad (1MDB) and take over its remaining assets, in an apparent move to scale down a state fund whose scandals have rocked the government. Parliament's Public Accounts Committee (PAC) last ...