1Malaysia Development Berhad (1MDB) is a state investment fund that has been embroiled in a corruption case connected to Malaysia’s prime minister, Najib Razak, since July 2015. As part of the corruption accusations, 1MDB’s “strategic partnership” with the Abu Dhabi-based International Petroleum Investment Company (Ipic) became litigated, and the Financial Times now reports that China is willing to help the Malaysian fund settle its $6.5 billion dispute with Ipic.
A crumpled-up banknote from the Ming dynasty is a remarkable discovery found inside a 700-year-old Buddhist sculpture
"It's typical to find materials such as mantra rolls, relics, grains, incense and semi-precious stones that have been placed inside gilt bronze sculptures by a monk or lama," said an Asian art specialist at the Australian auction house that holds the piece. "But we've never heard of anyone finding money inside a wooden sculpture before."
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