Malaysia fund at centre of scandal engulfing PM Najib Razak made 'unapproved' payments of $3.5 billion, says inquiry...

The directors of a Malaysian state fund at the centre of a multi-billion pound financial scandal have offered their resignations en masse after the release of a stinging parliamentary investigation.


The public accounts committee concluded that the 1MDB investment agency - set up by Najib Razak, the Malaysian prime minister - made more than $3 billion (£2.1 billion) in unexplained overseas payments.

The enquiry also called for the actions of IMDB’s former chief executive, now a senior official in Mr Najib’s office, and fellow high-ranking mangers to face criminal investigation.

The report is the first time an official Malaysian inquiry has suggested misconduct or recommended action over the scandal engulfing Mr Najib’s administration. Full story...

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