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Malaysia Facing Bankruptcy Due to 1MDB Scandal, Warns Ex-PM

Former Malaysian Prime Minister Mahathir Mohamad warned Thursday the country faces bankruptcy because of an ongoing scandal with the state-owned 1MDB fund. “The government will have financial deficits which may lead to bankruptcy if the (1MDB) loans are not serviced and the principal paid,” Mahathir stated in an online article and social media posts. The former prime minister said any defaults by the government-owned company would affect Malaysia’s credit worthiness “and the government...

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