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Bank Negara orders 1MDB to repatriate money sent overseas

1MDB, whose advisory board is chaired by Mr Najib, earlier this week defaulted on a US$1.75 billion bond issue.

Kuala Lumpur

MALAYSIA'S central bank on Thursday ordered troubled state-owned investment firm 1MDB to repatriate money that was sent overseas without approval, putting further strain on the scandal-plagued company just days after it defaulted on a bond issue.

The fund, founded in...