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Najib Razak

Malaysian premier denies he got $700 million from state fund

Malaysian Prime Minister Najib Razak on Friday denied news reports that nearly $700 million were funneled from an indebted state investment fund into his personal accounts. The investment fund 1MDB, which has accumulated 42 billion ringgit ($11.2 billion) in debt, is currently under investigation for alleged impropriety. The Wall Street Journal and the Sarawak Report online news portal reported that investigators have traced some $700 million wired into Najib's bank accounts. The reports said five deposits were made into Najib's account and the two largest transactions, worth $620 million and $61 million, were done in March 2013 ahead of general elections. A statement from...