15.07.2015 - 1MDB looms large over politics as fund is wound down
Long after its demise, Malaysia’s state investment company may loom large over the country’s politics and the future of Prime Minister Datuk Seri Najib Razak. The brainchild of Najib, debt-ridden 1Malaysia Development Bhd’s six-year existence has been dogged by controversy, culminating in a decision to wind it down even before multiple investigations were started into its finances. With Najib now fending off a Wall Street Journal report that US$700 million connected to 1MDB may have wended its way into his bank accounts, the fund risks having an outsized effect on affairs in Malaysia through to the next election due by 2018...............................................Full Article: Source
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