Rachel Brown, Lincoln Davidson, Bochen Han, Gabriella Meltzer, and Gabriel Walker look at five stories from Asia this week.
1. Justice Department announces action against 1MDB. The ongoing scandal surrounding Malaysian state investment fund 1MDB took a dramatic turn this week when the U.S. Justice Department announced plans to seize $1 billion in assets as part of an investigation into money laundering and funds improperly taken from 1MDB. While the fund was intended to boost Malaysia’s development, some of the money appears to have instead gone toward enriching Prime Minister Najib Razak, his stepson, and other associates. Read more »