The Australian Federal Police (AFP) said on Tuesday (Jan 11) they are working with international law enforcement agencies to investigate companies associated with Malaysia’s scandal-hit sovereign wealth fund.
1Malaysia Development Bhd (1MDB), founded by Malaysian Prime Minister Najib Razak, is the subject of money laundering investigations in at least six other countries, including Switzerland, Singapore and the United States.
Najib, who also chaired 1MDB’s advisory board, has denied wrongdoing and said Malaysia would cooperate with international investigations. 1MDB has also denied wrongdoing.
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