Malaysia drops 1MDB money-laundering case and recovers $107m

clock • 1 min read

Prosecutors in Kuala Lumpur yesterday dropped a money-laundering case against the step-son of Malaysia's former prime minister Najib Razak, who agreed to pay more than $107m to the government. The long-running case against Riza Aziz, who is also a fim producer known for his success with The Wolf of Wall Street, came to an end when prosecutors dropped charges alleging Aziz had received more than $250m from the notorious 1 Malaysia Development Bhd (1MDB) state development fund. The court agreed Aziz would settle with around $107m-worth of overseas assets.  The Malaysian Anti-Corrupti...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.