International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Wednesday, June 6, 2018

1MDB Investigations to find the missing billions

FCPA blog reports that:

The U.S. Justice Department has alleged in court filings that more than $4.5 billion was looted from 1MDB from 2009 through 2015 "by high-level officials" of the fund and their associates. In 2015, the Wall Street Journal reported that Najib deposited into his personal bank accounts about $700 million from a Malaysia sovereign wealth fund known as 1Malaysia Development Berhad or 1MDB.

Read the full article here.

http://lawprofessors.typepad.com/intfinlaw/2018/06/1mdb-investigations-to-find-the-missing-billions.html

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