Thursday, July 12, 2018

1MDB Used As A Ponzi Scheme: Swiss Prosecutor

1MDB used as a Ponzi scheme: Swiss prosecutor

MALAYSIA'S 1Malaysia Development Bhd (1MDB) economic development fund was used as a Ponzi scheme by a clutch of conspirators to pay bribes and enrich themselves, Switzerland's top prosecutor said days after former Malaysian prime minister Najib Razak was charged with corruption for his role in the affair. Read more at The Business Times.

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