Economics

Malaysia Premier Says 1MDB Fund Wrongdoing Larger Than Thought

  • Declassified report doesn’t mention ex-premier Najib by name
  • Mahathir has said there’s enough evidence to reopen 1MDB probe

What the Expectations Are for Malaysia's Mahathir

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Malaysian Prime Minister Mahathir Mohamad said more wrongdoing occurred at state fund 1MDB than was publicly known, as he accelerates efforts to reopen a probe into the scandal-plagued company and the actions of his predecessor.

The government will reach out to authorities in Switzerland, the U.S., Singapore and other jurisdictions as it attempts to recover funds that were diverted from 1MDB, Mahathir told reporters on Wednesday.