Malaysia seeking $100m in fines in 1MDB probe | The Daily Star
12:51 AM, October 08, 2019 / LAST MODIFIED: 12:52 AM, October 08, 2019

Malaysia seeking $100m in fines in 1MDB probe

Malaysian authorities have imposed fines of around $100 million on 80 entities, intensifying their pursuit of people allegedly linked to the massive 1MDB corruption scandal, the anti-graft chief said yesterday. The fines are linked to a wide-ranging probe into billions of dollars that were looted from state investment fund 1MDB between 2009 and 2014, and spent on everything from yachts to expensive artwork, in a fraud allegedly involving the former prime minister. Claims that Najib Razak and his cronies pilfered massive sums from 1MDB contributed to the defeat of his long-ruling coalition in the election last year.

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