Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Malaysia's commercial crime chief set to give statement on 1MDB

Published 25/05/2018, 11:55 am
Updated 25/05/2018, 12:00 pm
Malaysia's commercial crime chief set to give statement on 1MDB

KUALA LUMPUR, May 25 (Reuters) - Malaysian police's head of commercial crime was set to hold a press conference on Friday related to 1Malaysia Development Berhad, a day after former premier Najib Razak concluded a statement to anti-graft agents investigating the state fund.

The press conference is due to be held at 11 am (0300 GMT).

Allegations of corruption have swirled around Najib who was defeated in a general election two weeks ago, though he has consistently denied any wrongdoing. The new government has barred him from leaving the country, and police have raided his home and properties linked to his family. had been summoned by the anti graft agency to explain suspicious transfers of $10.6 million into his bank account, just a fraction of billions of dollars that went missing from 1MDB, a fund he set up a decade ago.

(Writing by John Geddie; Editing by Simon Cameron-Moore)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.