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1MDB's US$1.1b from Cayman are assets in US$, says PM Najib

Kuala Lumpur

MALAYSIAN Prime Minister Najib Razak said on Wednesday that the remaining US$1.1 billion that state investor 1Malaysia Development Bhd (1MDB) redeemed from its offshore account in the Cayman Islands into a Singaporean bank was in US dollar-denominated assets. Mr Najib had