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U.S. probe of Malaysia's 1MDB picks up speed after Najib's election loss

Reuters  |  WASHINGTON 

By Mark Hosenball and Joel SchectmanWASHINGTON (Reuters) - U.S. investigators have accelerated their probe into the 1MDB sovereign wealth fund set up by former Malaysian Prime Minister Najib Razak and are exchanging more evidence with Malaysian authorities since Najib lost last month's election, three sources with direct knowledge of the probe said.At least six countries, including Malaysia, the United States and Switzerland, are investigating accusations that Najib and associates pocketed part of $4.5 billion allegedly stolen from the state-run investment fund, 1Malaysia Development Berhad. ...

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First Published: Sat, June 09 2018. 06:14 IST
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