UAE: New Malaysian government may spell trouble for Abu Dhabi

Malaysia’s newly-elected prime minister, the veteran Mahathir Mohamad, has wasted little time in setting up a new taskforce to probe alleged crimes at the scandal-hit 1Malaysia Development Berhad (1MDB), amid allegations that defeated prime minister Najib Razak misappropriated large amounts from the sovereign wealth fund. Abu Dhabi – whose now-defunct International Petroleum Investment Company (Ipic) once worked closely with 1MDB – may be forced to revisit an issue it hoped had gone away.