Wednesday, November 16, 2016
Volume:
32
Issue:
11
Abstract:
On November 11, 2016, Swiss Attorney General Michael Lauder announced that Malaysian officials had for the second time rejected a Swiss request for evidence into its investigation into as much as $4.8 billion that may have been diverted from companies connected to 1MDB, a fund established by Najib Razak, Malaysia’s prime minister. Najib also chaired its advisory board. Meanwhile, on November 14, 2016, a lower court in Malaysia sentenced Rafizi Ramli, a member of Malaysia’s parliament, to 18 months in prison for publicly disclosing classified information from an official audit into 1MDB.