Malaysia is looking to recover about $5 billion worth of foreign assets linked to state fund 1MDB, set up in 2009 by then prime minister Najib Razak and the subject of money laundering probes, an anti-graft official said on Friday.
The reason attributed to this is the growth of the country as a key regional and global economy. With India being a key market for most countries, we have seen the presence of most major conglomerates in India.
The Dubai Government urges media outlets to verify the accuracy of information and the credibility and trustworthiness of its sources before publishing such stories.
China and Russia reiterated their calls for unfreezing Afghan assets, while US Ambassador Linda Thomas-Greenfield said the Biden administration is examining "various options to ease the liquidity crunch.”
"The UAE has adopted elaborate regulation as well as established a dedicated regulatory body. The country has already issued licences for more than 30 exchanges to be set up," says Guy Burton.