Free Malaysia Today·4 min read·medium
Liquidator traced misappropriated 1MDB funds through 29 offshore entities, court told
F
Faisal Asyraf
✦AI Summary
A liquidator testified in a Malaysian court regarding the use of 29 offshore entities to misappropriate funds from the 1MDB state investment fund. The testimony highlights the complex financial networks allegedly used by Jho Low and others to launder billions of dollars.
1MDB is seeking to recover about US$5.64 billion from former prime minister Najib Razak and several other individuals, alleging that the funds were misappropriated.
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