| Malaysia appointed new directors to 1Malaysia Development Berhad (1MDB) after dissolving the advisory board headed by Malaysian Prime Minister Najib Razak, amid global investigations into alleged money laundering and embezzlement at the state fund.
The three-member board will be chaired by the Finance Ministry's top bureaucrat, Mr Mohd Irwan Serigar Abdullah, according to an e-mail statement. There were six members on the previous board including Mr Arul Kanda, who was brought in as president in January last year to fix 1MDB's finances. He will remain as president, the government said...............................................Full Article: Source
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