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Malaysian Scandal Still Casts Shadow Over Local Financial Markets

A financial scandal involving Malaysia’s prime minister continues to cast a shadow over the country’s financial markets and politics a year after allegations of misuse of funds were raised. The spotlight fell dramatically on Malaysia’s state investment company, 1Malaysia Development Berhad (1MDB), after media reports last year raised allegations that millions of dollars were deposited into the private bank account of Malaysian Prime Minister Najib Razak. Najib has repeatedly denied any...

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