New task force to look into 1MDB scandal in Malaysia

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Malaysia has set up a special task force that will look into possible criminal conduct of individuals involved in the management of state fund 1Malaysia Development Berhad (1MDB), the prime minister’s office said in a statement issued on May 21.

The task force, which will include the anti-graft agency, police and the central bank, will also be responsible for identifying and seizing assets acquired using funds allegedly siphoned from the state fund, which was set up in 2009 by former prime minister Najib Razak.

The team will be staffed by former Attorney-General Abdul Gani Patail and former anti-graft agency chief commissioner Abu Kassim Mohamed, who both left their posts under Najib Razak’s government during the previous probe into 1MDB.

“This task force will also be responsible for seeking cooperation of various enforcement agencies in the US, Switzerland, Singapore, Canada and other related countries,” the office of new Prime Minister Mahathir said.

News site Malaysiakini reported on May 21 that Abdul Gani had told Mahathir that he was in the midst of preparing to charge Najib when he was removed. 

Najib, who is prevented by the new government from leaving the country, is being investigated himself by the new government over the alleged corruption scandal at 1MDB, from which officials are suspected to have stolen more than $4.5 billion.

Some of that money is alleged to have ended up in Najib’s personal bank account, according to a civil lawsuit in the US.

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Reading Time: 1 minute

Malaysia has set up a special task force that will look into possible criminal conduct of individuals involved in the management of state fund 1Malaysia Development Berhad (1MDB), the prime minister’s office said in a statement issued on May 21.

Reading Time: 1 minute

Malaysia has set up a special task force that will look into possible criminal conduct of individuals involved in the management of state fund 1Malaysia Development Berhad (1MDB), the prime minister’s office said in a statement issued on May 21.

The task force, which will include the anti-graft agency, police and the central bank, will also be responsible for identifying and seizing assets acquired using funds allegedly siphoned from the state fund, which was set up in 2009 by former prime minister Najib Razak.

The team will be staffed by former Attorney-General Abdul Gani Patail and former anti-graft agency chief commissioner Abu Kassim Mohamed, who both left their posts under Najib Razak’s government during the previous probe into 1MDB.

“This task force will also be responsible for seeking cooperation of various enforcement agencies in the US, Switzerland, Singapore, Canada and other related countries,” the office of new Prime Minister Mahathir said.

News site Malaysiakini reported on May 21 that Abdul Gani had told Mahathir that he was in the midst of preparing to charge Najib when he was removed. 

Najib, who is prevented by the new government from leaving the country, is being investigated himself by the new government over the alleged corruption scandal at 1MDB, from which officials are suspected to have stolen more than $4.5 billion.

Some of that money is alleged to have ended up in Najib’s personal bank account, according to a civil lawsuit in the US.

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