Thick and fast
America applies to seize assets linked to a Malaysian state investment firm
HAVING smouldered for more than a year, international investigations into 1MDB—a Malaysian state investment firm at the heart of a sprawling financial scandal—are now burning fiercely. On July 20th America’s Justice Department began proceedings to seize more than $1 billion of assets, which it alleged had been purchased with funds siphoned out of the firm. It is the largest single action the department has ever launched.
This article appeared in the Finance & economics section of the print edition under the headline “Thick and fast”
From the July 23rd 2016 edition
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