KUALA LUMPUR – Malaysia’s central bank said on Friday it had urged the country’s attorney general to begin criminal prosecution of troubled fund 1MDB after completing its investigation, piling more pressure on Prime Minister Najib Razak who chairs the fund’s advisory board.
At the center of a political crisis over its debt of nearly 42 billion ringgit ($11.5 billion) and alleged financial graft, 1MDB is the subject of several probes by different authorities, including Malaysia’s central bank.
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