Billions of dollars were looted from sovereign wealth fund 1MDB in a fraud that spanned the globe AFP/Mohd RASFANKUALA LUMPUR: A former media adviser to former Malaysia prime minister Najib Razak has had money laundering charges dropped after agreeing to pay US$1.7 million to scandal-hit sovereign wealth fund 1MDB, officials said on Friday .
Billions of dollars were looted from 1MDB in a fraud that spanned the globe, with the money spent on everything from a super-yacht to art. They added that the case against him had been withdrawn, with the money to be transferred into a 1MDB trust account.
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