Singapore returning millions linked to Malaysia scandal

Singapore returning millions linked to Malaysia scandalSingapore is returning almost $ 40 million to Malaysia seized in connection with a massive financial scandal that played a major role in the toppling of the corruption-plagued government of Najib Razak, police said. The city-state is one of several countries that launched probes into allegations that billions of dollars were misappropriated from Malaysian sovereign wealth fund 1MDB in an elaborate ruse that stretched from Asia to the United States. The scandal — allegedly involving Malaysia’s ex-leader Najib, his family members and inner circle — played a key role in the defeat of his long-ruling coalition at the polls last year.

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