Malaysia sets up fresh 1MDB criminal taskforce

Malaysia has set up a special taskforce of which will look into possible criminal conduct of individuals involved inside the management of state fund 1Malaysia Development Berhad (1MDB), the prime minister’s office said on Monday.

The taskforce, which will include the anti-graft agency, police in addition to the central bank, will also be responsible for identifying in addition to seizing assets acquired using funds allegedly siphoned through the state fund, which was set up in 2009 by embattled former prime minister Najib Razak, whose near 10-year rule ended in electoral defeat on May 9.

“of which taskforce will also be responsible for seeking cooperation of various enforcement agencies inside the United States, Switzerland, Singapore, Canada in addition to various other related countries,” the office of fresh Prime Minister Mahathir Mohamad said in a statement.

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