Malaysian Sultans Urge Transparency on Najib-Linked Fund Probe - Bloomberg Business:
"Prime Minister Najib Razak’s administration needs to complete investigations into a debt-ridden government investment company soon to help resolve a crisis in confidence in the country, the rulers of Malaysia’s 13 states said in a statement.
Findings of the probe of 1Malaysia Development Bhd. must be “reported comprehensively and in a transparent manner" to convince Malaysians there is no concealing of the truth, state news agency Bernama reported, citing the statement. The group comprises the sultans of nine states and the governors or head of state of four others.
1MDB has been the subject of overlapping investigations by entities including the central bank and the police amid allegations of financial irregularities. The Wall Street Journal reported in July that about $700 million may have moved through government agencies and companies linked to 1MDB before ending up in accounts bearing Najib’s name ahead of elections in 2013. The Malaysian Anti-Corruption Commission said the money was from donors in the Middle East, not 1MDB. Najib has denied any wrongdoing."
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