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Saturday, 1 July 2017

U.A.E.’s Ambassador to U.S. Linked to 1MDB Scandal - WSJ

U.A.E.’s Ambassador to U.S. Linked to 1MDB Scandal - WSJ:

"The scandal swirling around a Malaysian state investment fund allegedly defrauded of billions of dollars has entangled the United Arab Emirates ambassador to the U.S., according to court and investigative documents reviewed by The Wall Street Journal. Companies connected to Yousef Al Otaiba, the ambassador, received $66 million from offshore companies that investigators in the U.S. and Singapore have said contained funds misappropriated from 1Malaysia Development Bhd, the documents show. There have been no public disclosures as to the purpose of the transfers, and Mr. Otaiba declined to comment on them."



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