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Malaysia seeking 1MDB funds from Najib's brother, ex-ministers

Malaysia has begun investigating about 80 individuals and entities for allegedly receiving money from 1MDB, which is under scrutiny for corruption and money laundering, the country's anti-graft chief said on Monday.

[KUALA LUMPUR] Malaysia is asking the brother of ex-premier Najib Razak and former cabinet ministers to return funds believed to have come from 1MDB or risk being prosecuted.

The Malaysian Anti-Corruption Commission is seeking about RM420 million (S$138 million) from 80 individuals and entities, including Nazir Razak, former chairman at CIMB Group Holdings and brother to Najib, Chief Latheefa Koya tells reporters in Putrajaya.

The agency also named former Deputy Finance Minister Ahmad Maslan and former Trade Minister Shahrir Samad, who was chairman of Federal Land Development Authority until last year.

The nation's investigators are taking a pragmatic approach to recouping funds lost through troubled state fund 1MDB, saying they won't pursue charges against those who willingly return the money voluntarily.


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