Putrajaya sets up special squad to investigate 1MDB scandal
KUALA LUMPUR (May 21): The government is setting up a special team to investigate in detail the 1Malaysia Development Bhd (1MDB) case as well as seize assets and prosecute any individual who has committed a crime in the management of 1MDB.
In a statement today, the Prime Minister's Office (PMO) said the special team would be jointly led by former attorney general Tan Sri Gani Patail, former Malaysian Anti-Corruption Commission (MACC) chief Tan Sri Abu Kassim Mohamed, MACC chief commissioner Datuk Seri Mohd Shukri Abdull and Datuk Abdul Hamid Bador.
There’s a slew of new venture capital funds in town, and Tin Men Capital is one of them. Unlike most funds, however, Tin Men has a narrow focus – enterprise technology. Co-founder Murli Ravi says that the firm, which is in the midst of raising US$100 million, has done its first close, but he didn’t reveal […]
Puerto Rico has been in the news for all the wrong reasons recently. From the mayor being arrested on fraud charges, to the the effects of hurricane Maria and the local government being forced to seek a federal bailout for $123 billion in debts. After such a terrible year, many would expect the overall mood on the island to be sombre. But as soon as you set foot outside San Juan’s Luis Muñoz Marín International Airport, you’re met with bright colors, wide smiles, and vibrant energy which characterize the “Island of Enchantment” and its friendly, optimistic people. From the taxi driver… This story continues at The Next Web
Facebook’s role in the opioid crisis could become another scandal following yesterday’s release of harrowing new statistics from the Center for Disease Control. It estimated there were nearly 30,000 synthetic opioid overdose deaths in the US in 2017, up from roughly 20,000 the year before. When recreational drugs like Xanax and OxyContin are adulterated with […]