SUMMARY
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The FBI opened an investigation into alleged money-laundering related to Malaysia’s troubled state development fund. The Wall Street Journal reported that the scope of the probe is still unknown.
The FBI’s probe came after Switzerland, Singapore and Hong Kong started inquiring into transactions related to the 1Malaysia Development Berhad (1MDB). Alleged mismanagement and corruption of the fund caused a political crisis for Malaysian Prime Minister Najib Razak.
Read more on the Wall Street Journal.
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