1MDB: US to return $200m in funds to Malaysia as part of probe

The US is to return close to $200m (£152.4m) to Malaysia in funds recovered from asset seizures tied to scandal-hit state fund 1MDB.

US authorities have so far transferred $57m tied to a Hollywood firm accused of using 1MDB funds to finance films.

It will send another $139m linked to the sale of a Manhattan property allegedly bought with 1MDB funds.

Billions of dollars from 1MDB - officially the 1Malaysia Development Berhad fund - have gone missing. read more »

Whistleblowers’ claims revive class-action suit against Zillow

A lawsuit against Zillow focuses on online real estate giant’s co-marketing program for agents and lenders.

Zillow is back in hot water: A class-action suit against the online real estate giant is moving forward after insider whistleblowers alleged that the company designed its controversial “co-marketing” program to violate federal anti-kickback laws. read more »

Lyft drivers strike for pay transparency — after algorithms made it harder to understand

Demonstrations are expected in at least eight major cities nationwide on Wednesday.

Uber and Lyft drivers nationwide began strikes and demonstrations in multiple cities Wednesday to lobby for better pay and transparency.

The demonstrations, which could prove disruptive to riders and raise the profile of movements to secure more money and benefits for drivers, highlight a contradiction: Technology has long promised to bring more transparency, but the algorithms that decide how much drivers are paid have increased opaqueness over their income. read more »

Ex-Danske CEO Borgen charged over money laundering case

Danish prosecutors have charged Thomas Borgen, former chief executive of Danske Bank, over his involvement in one of the world’s biggest money laundering scandals

Borgen is the first person to be charged in a case that involves suspicious transactions of some 200 billion euros ($224 billion) that passed through Danske Bank’s Estonian branch between 2007 and 2015.

Denmark’s biggest bank is being investigated by authorities in several other countries including the United States, where it could face major fines. read more »