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Malaysia's Najib linked to 1MDB

Jul. 22, 2016 5:23 AM ETiShares MSCI Malaysia ETF (EWM)EWMBy: Yoel Minkoff, SA News Editor1 Comment
  • U.S. prosecutors have linked Malaysian Prime Minister Najib Razak to hundreds of millions of dollars allegedly siphoned from one of the country's economic development funds, according to a lawsuit seeking the seizure of more than $1B of assets from 1MDB.
  • The move sets up a rare confrontation between U.S. prosecutors and an important partner in trade, the fight against terrorism and China's military expansion in Southeast Asia.
  • ETFs: EWM

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