mariko oi is in singapore.ut this is just the latest episode, isn't it? indeed, we have been talking about 1mdb for several years now. it is basically malaysia's offer an world fund, set up in 2009 by the country's prime minister. it was meant to turn the capital kuala lumpur intoa was meant to turn the capital kuala lumpur into a financial hub, but instead it started to get negative attention when the wall street journal reported four years ago that some $700 million were transferred from the 1mdb to the personal bank account of the prime minister. he denies any wrongdoing, but that triggered investigations in at least half a dozen countries including singapore. it has so far shutdown two swiss—based private banks, imposed financial penalties over $20 million and this morning announced fines credit suisse. thanks for that. let's have a quick look at the markets. the ftse was closed yesterday because of the bank holiday here in the uk, but it has opened and is down two thirds, quite a sharp fall. we have had qu