| Malaysian Prime Minister Najib Razak is fighting for political survival after being dragged into the centre of a scandal surrounding state fund 1Malaysia Development Berhad (1MDB). Here’s a breakdown of what is at stake for the southeast Asian country.
companies linked to quasi-sovereign fund 1MDB, according to documents from a government investigation published by the Wall Street Journal but not verified by Reuters. The revelations have triggered a political crisis and added to concerns about Malaysia’s already-fragile economy. It is the latest twist in a saga involving local tycoons, the investment bank Goldman Sachs, and state-backed companies from the Gulf. These had already made 1MDB a target for Najib’s political opponents...............................................Full Article: Source
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