Explainer-How Malaysia is seeking to recover billions of dollars missing from 1MDB By Reuters
KUALA LUMPUR (Reuters) - Malaysia on Monday announced 22 civil suits against entities and people accused of being involved with the massive 1MDB corruption scandal, including units of global banks Deutsche Bank (DE:DBKGn) and JPMorgan (NYSE:JPM). The lawsuits are part of a years-long effort by Malaysia to recover billions of dollars missing from 1Malaysia Development Berhad (1MDB) in a scandal that has implicated high-level officials, banks and financial institutions around the world. WHAT IS 1MDB? 1MDB was a sovereign fund set up by former Malaysian prime minister Najib Razak in 2009 to promote...
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