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1MDB Board Resigns After Parliamentary Report

A Malaysian parliamentary committee is calling for the former head of a troubled state-owned investment firm to be investigated over allegations of financial mismanagement. The Public Accounts Committee released a 106-page report Thursday accusing the management of 1Malaysia Development Berhad (1MDB) of losing as much as $12 billion between 2009 and 2013 through a series of complex overseas transactions.  The panel says ex-chief executive officer Shahrol Azral Ibrahim Halmi should be...

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