Curriencies

Malaysia probing 80 individuals, companies in 1MDB case


Logo of 1MDB (1Malaysia Development Berhad) on a bus window in Kuala Lumpur, Malaysia, taken on February 17, 2017.Chris Jung | NurPhoto | Getty ImagesMalaysia has begun investigating about 80 individuals and entities for allegedly receiving money from 1MDB (1Malaysia Development Berhad), which is under scrutiny for corruption and money laundering, the country’s anti-graft chief said on Monday.Latheefa Koya, the head of Malaysia’s Anti-Corruption Commission, told reporters the agency was aiming to recover 420 million ringgit ($100 million) from the individuals and entities.The individuals include Nazir Razak, former chairman of CIMB and brother of former Prime Minister Najib Razak, and Shahrir Abdul Samad, former chairman of state palm oil agency Felda.

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