Home AML AML News Malaysia fines 80 people, groups for alleged 1MDB payments

Malaysia fines 80 people, groups for alleged 1MDB payments

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Malaysia’s anti-graft agency on Monday ordered 80 people and groups to pay fines totaling about $100 million for allegedly receiving funds from the 1MDB state investment fund.

Former Prime Minister Najib Razak’s brother Nazir Razak, who heads the country’s second-largest bank, was among those listed. So was a former deputy minister, Ahmad Maslan, and the former chief of the federal land development authority, Shahrir Samad.

Branches of Najib’s party and others in the former ruling coalition were also listed, as were 23 companies.