After sweeping into power in a shock victory on May 9, Malaysia's new government has swiftly set its sights on cleaning up the mess surrounding scandal-ridden state fund 1Malaysia Development Berhad (1MDB).
The opposition had seized on charges that US$4.5 billion (S$6 billion) was misappropriated by high-level officials running the fund, in a bid to diminish Datuk Seri Najib Razak, the fund's staunchest defender - and, according to new Prime Minister Mahathir Mohamad, its biggest beneficiary - and his administration.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
