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Comment: 1MDB president’s talk of possible fraud raises probability of thorny questions

By Toh Han Shih ( April 14, 2016, 10:09 GMT | Comment) -- An admission by the president of 1Malaysia Development Berhad, or 1MDB, that it may have been the victim of a $3.5 billion fraud is a significant development in the web of intrigue that surrounds the Malaysian state fund, but it raises more questions than answers. Kandasamy’s statement is significant because it marks the first time a senior 1MDB executive has admitted that fraud involving the company could have been committed. Other parties, including the Swiss attorney general and the chief executive of Switzerland’s finance sector regulator, have alleged corruption and fraud in relation to 1MDB.An admission by the president of 1Malaysia Development Berhad, or 1MDB, that it may have been the victim of a $3.5 billion fraud is a significant development in the web of intrigue that surrounds the Malaysian state fund, but it raises more questions than answers....

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