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Malaysia Government Fund Denies Funneling Najib $700m

A Malaysian government-owned investment fund is denying reports that suggest it transferred over $700 million to bank accounts belonging to Prime Minister Najib Razak. The Wall Street Journal and the Malaysia-based Sarawak Report initially published the findings, based on documents from a government investigation into the 1MDB fund. The development fund has faced accusations of corruption and mismanagement, and is over $11 billion in debt. It is chaired by Prime Minister Najib, who has...

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