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Saturday, 20 August 2016

Abu Dhabi arrests former top finance official over 1MDB scandal - FT.com

Abu Dhabi arrests former top finance official over 1MDB scandal - FT.com:

"A well-connected former Abu Dhabi finance official has been arrested over his suspected role in a plot to steal more than $1bn from Malaysia’s 1MDB state wealth fund, people briefed on the matter say.
Khadem al-Qubaisi was detained in the emirate after US authorities alleged he received hundreds of millions of dollars looted from business dealings between 1MDB and Abu Dhabi’s International Petroleum Investment Company, which he headed until his sudden departure last year. "



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