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Missteps and legitimacy issues undermine Malaysia's global recovery of 1MDB funds
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Unless Malaysia is re-admitted into the US Department of Justice plan, the prospects for the 1MDB recovery effort look grim.
PHOTO: REUTERS
KUALA LUMPUR - Malaysia's campaign to recover billions of dollars stolen from the state-owned 1Malaysia Development Bhd (1MDB) is coming apart, seriously undermining the country's hopes of staking a claim to monies that are being recouped by international regulatory agencies.
The new government of Prime Minister Muhyiddin Yassin, which took over power in early March, is facing obstacles trying to re-establish negotiations with the wide cast of international counter parties tied directly to the claims.
