1MDB bonuses soar after Mahathir promises a full investigation of a besieged fund

Bonds sold for 1MDB from the Malaysian scandal-scarred state fund rose around 17 percent this week, more than any other sovereign dollar bond in the developing world, amid an anti-corruption drive by future leader Mahathir Mohamad . [19659002Losbonosde1MDBconvencimientoen2023elpeordesempeñodelmundohacesolounasemanasedispararoncuandolosinversoresapostaronaqueMahathircumplirásuspromesasdeinvestigarafondoelfondoElDepartamentodeJusticiadelosEEUUAlegaque$35milmillonessehandesvanecidode1MDBcreadobajolavigilanciadelanteriorprimerministroNajibRazakLosbonosaúncaenun25porcientoesteaño

"The market is expressing relief on the basis of the most recent comments by incoming Prime Minister Mahathir Mohamad," said Morgan Harting, a money manager at AllianceBernstein he held bonds in March and declined to say if he still does. Mahathir's comments "suggest he will look for people instead of badets, which has been well received by the bond market," Harting said.

It is said that the new government is considering to investigate Najib for abuses of power. Police registered two condo units in Kuala Lumpur on Friday as part of the 1MDB investigation, seizing 284 boxes containing bags and 72 bags of luggage with money and jewelry. [19659008]

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