US Lawsuit Against Malaysia’s 1MDB: Who is ‘Official 1’?

Author(s): Mong Palatino | Date: July 29, 2016 | Language: English
Source: thediplopmat.com | URLhttps://goo.gl/68rvJZ

The United States Department of Justice has filed a lawsuit against some individuals accused of using an investment firm owned by the Malaysian government to steal more than $1 billion.

The lawsuit also mentioned a certain “Malaysian Official 1,” prompting many to ask if it refers to Prime Minister Najib Razak since he has control over the 1Malaysian Development Berhad (1MDB) investment firm and his stepson is one of the accused.

The lawsuit aims to recover some 17 assets in the United States, which have been allegedly acquired through 1MDB funds.

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