31 May '18, 8am

Singapore, Malaysia authorities meet as 1MDB probe intensifies

KUALA LUMPUR/SINGAPORE (Reuters) - A Malaysian task force investigating a multi-billion-dollar scandal at state fund 1MDB is working with counterparts in neighbouring Singapore to retrieve funds believed to have been misappropriated, it said on Thursday. FILE PHOTO: Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the fund's flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris/File Photo At least six countries, including the United States and Switzerland, are investigating claims that $4.5 billion was siphoned out of the fund, 1Malaysia Development Berhad, founded by former Prime Minister Najib Razak. Malaysia’s 1MDB task force, which met nine Singapore officials, said both sides would cooperate to return the funds to the Malaysian government. “Our cooperation is also aimed at collecting evidence and tracking down wi...

Full article: https://in.reuters.com/article/malaysia-politics-singapor...

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