U.S. goes after $1.5B allegedly pilfered by foreign leader
22 Jul 2016

Malaysia’s prime minister said Thursday he is serious about good governance and vowed to “fully cooperate” with a U.S. investigation into a $3.5 billion scandal involving a state fund he headed.

The comments by Prime Minister Najib Razak were his first since the U.S. Department of Justice revealed in Los Angeles on Wednesday that it has initiated action to seize about $1.3 billion of the missing $3.5 billion allegedly used to buy assets in the U.S. by people close to Najib.

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