Malaysia's Bank Negara launches 1MDB inquiry
It has also taken statements from individuals involved in the governance of the state fund
Kuala Lumpur
MALAYSIA'S central bank said on Wednesday that it has launched a formal inquiry into state fund 1MDB and issued a legal directive for information to examine whether there had been any violation of its rules.
1MDB, a property-to-energy group whose advisory board is chaired by Prime Minister Najib Razak, has been dogged by controversy over nearly RM42 billion (S$15.29 billion) of debt and alleged financial mismanagement.
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