KUALA LUMPUR, Feb. 6 -- The US Department of Justice (DOJ) has disbanded its elite anti-corruption unit known for prosecuting the 1Malaysia Development Bhd (1MDB) scandal, according to investigative journalist Bradley Hope.
The Kleptocracy Asset Recovery Initiative, commonly referred to as the Kleptocracy Initiative, was "quietly disbanded last night," Hope stated in an X post late Thursday (February 6), citing unnamed sources, according to a report published in The Edge today.
Hope, known for his work on financial scandals, co-authored Billion Dollar Whale alongside Tom Wright, chronicling the 1MDB scandal while working as journalists at The Wall Street Journal.
Established in 2010 to track down assets linked to international corruption...