Photographer: Goh Seng Chong/Bloomberg

1MDB Advises Caution on Financial Statements, Auditor Resigns

  • U.S. reveals scheme of $3.5 billion misappropriation from 1MDB
  • 1MDB at center of global probes into alleged money laundering

1Malaysia Development Bhd. said its audited financial statements for 2013 and 2014 shouldn’t be relied on after U.S. prosecutors said more than $3.5 billion was misappropriated from the fund during a period that included those years.

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