Legal
Malaysia to Pay $1.2 Billion to Abu Dhabi Fund Over 1MDB Scandal
In 2012, with help from Goldman Sachs, a Malaysian sovereign wealth fund called 1Malaysia Development Berhad sold $3.5 billion worth of bonds backed by an Abu Dhabi government fund to help it purchase power plants. But behind the scenes, American officials have claimed, nearly $1.45 billion was illegally redirected to…
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Click here to read the full story: The New York Times