Malaysia’s 1MDB Fund Says It May Be Victim of $3.5 Billion Fraud
Apr13

Malaysia’s 1MDB Fund Says It May Be Victim of $3.5 Billion Fraud

Written by Shamim Adam at Bloomberg Terminal 1Malaysia Development Bhd., the troubled Malaysian state fund that’s the subject of global investigations, said it could be a victim of fraud if payments of $3.5 billion intended for an Abu Dhabi sovereign wealth fund never made it there. Abu Dhabi’s International Petroleum Investment Co. this week denied ownership of a company that received the funds known as Aabar Investments PJS Limited...

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