Financial Crime Financial Crime

New Indonesian wealth fund must avoid fate of 1MDB, says finance minister

By Jet Damazo-Santos and Ben Lucas
  • 16 Feb 2021 04:42
  • 16 Feb 2021 22:20
Indonesia’s president does not want the country’s new sovereign wealth fund to face a corruption scandal like the one that enveloped the 1Malaysia Development Berhad fund, the country’s finance minister said today.

“The president has clearly conveyed that he does not want a 1MDB [case] to happen, so he told us

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