Malaysia Plans Legal Moves Against Any 1MDB Defrauders, Low Says
- U.S. Justice Department alleges embezzlement at fund
- More than $3.5 billion misappropriated from 1MDB, DOJ Says
Malaysia Plans Legal Action Over 1MDB
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Malaysia will take legal action against those who allegedly defrauded its state investment company 1Malaysia Development Bhd. as the government seeks to defend its reputation and credibility.
The government is taking the U.S. Department of Justice’s civil complaint that mentions some Malaysians "very seriously" amid references to funds embezzled from 1MDB, Minister in the Prime Minister’s Department Paul Low said in the text of a speech prepared for delivery on Thursday.