The 1MDB was founded by former Prime Minister Nazib Razak in 2009 with the aim of boosting the country’s socio-economic development. (Illustrative image. Source: AFP/VNA)

Malaysia strives to recover assets in 1MDB scandal

The Government of Malaysia is looking to locate at least 18 billion ringgit (equivalent to US$4.34 billion) worth of further assets linked to a scandal at the state fund 1MDB.