Malaysia and Government Investment Fund

Middle East Singapore: As offshore authorities seek to track money flows involving Malaysia troubled government investment fund, fresh questions are rising about doing business in the country, according to Bloomberg. Crisscrossing countries from Switzerland to the U.S., Middle East and Singapore, investigators are chasing a trail of transactions linked to 1Malaysia Development Bhd. Bankers quizzed. With the probes potentially running for years, investors and analysts say it may damage the perception that Malaysia is trying to become a more transparent place. Debt-ridden 1MDB, which is in the process of being broken up, was touted as the vehicle for the government to spur growth, investing mainly in property and power generation. The risk is political, economic and commercial. (news.financializer.com). As reported in the news.