31 Jul '18, 8am
#1MDB liaison to #GoldmanSachs among targets of Swiss criminal probe
After years of stalled investigations into how up to US$4.5 billion was diverted from a fund created to develop the Malaysian economy and used to buy a yacht, paintings and luxury properties, the probes are now making progress. Prosecutors in the US, Switzerland and Singapore have been encouraged by the surprise defeat of ex-Malaysian Prime Minister Najib Razak in May. His successor Mahathir Mohamad promptly named a new attorney-general, Tommy Thomas, who charged Najib on July 4 with corruption for his role in the affair. Najib denies the allegations.