(From Nikkei Asian Review)
By CK Tan
Malaysia’s communications’ regulator has warned the public against tarnishing the reputation of 1Malaysia Development Berhad, the state’s troubled strategic development fund.
1MDB has received adverse daily press coverage, been fodder for gossip in coffee shops, and bounced around in cyberspace since The Wall Street Journal reported last week that funds from 1MDB-related companies had found their way into Prime Minister Najib Razak’s personal bank accounts.
Both 1MDB and Najib have denied the allegation, and investigations into the report are under way. This has failed to prevent public speculation, or to stop people forming their own opinions and circulating them on social media.
The Malaysian Communications and Multimedia Commission posted a warning on its Facebook page on Thursday to warn the public against gossiping about 1MDB, which was already under investigation for mismanagement. Read more