Malaysia and Singapore Investigators Meet on 1MDB Probe
- Mahathir administration has stepped up probes into state fund
- Malaysian task force met with FBI, DOJ officials last week
Malaysian Anti-Corruption Commission officers stand at the agency's headquarters on May 24.
Photographer: Joshua Paul/BloombergMalaysia said it’s working with Singapore to recover money believed to have been embezzled from its state investment company 1MDB, as Prime Minister Mahathir Mohamad’s administration acts on a pledge to cooperate with probes underway around the globe.
Investigators on both sides met near Kuala Lumpur on Thursday, where they also discussed collecting evidence, identifying Singapore witnesses and mapping a money trail to detect funds and assets that still exist, according to a statement from a Malaysian task force overseeing 1MDB probes. Singapore has seized hundreds of millions of dollars in assets and jailed bankers over transactions linked to the scandal-plagued fund.