Kuala Lumpur* – Malaysia has rolled out a special taskforce to probe alleged wrongdoing by people steering the state fund 1Malaysia Development Berhad (1MDB). The move comes after the former prime minister’s decade-long reign concluded with an election loss on May 9.
Key players on the taskforce*
Anti‑graft agency
National police
Central bank
These bodies will not only sift through 1MDB’s records but also track down and seize assets that may have been bought with stolen money. The fund was launched in 2009 by the now‑outlawed Najib Razak.
Global cooperation*
“The new prime minister’s office says the taskforce will reach out to enforcement teams in the United States, Switzerland, Singapore, Canada, and other allied nations,” Mahathir Mohamad told reporters.
Notes:*
The taskforce aims to bring a sharper focus to how 1MDB’s money was misused.
It reflects Malaysia’s resolve to clean up after the high‑profile corruption scandal.
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