As Malaysia’s government seeks to shut the door on one funding furor, another opens. Rolling scandals that have hit the country for seven months have the premier’s brother, a senior banker, likening the climate to HBO’s "Game of Thrones".
The future for Malaysia "terrifies" him, Nazir Razak wrote in an Instagram post on Saturday. That was a day after the Swiss Attorney General’s office said a probe of debt-ridden government investment fund 1Malaysia Development Bhd revealed "serious indications" that about $4 billion may have been misappropriated from state companies in the Southeast Asian nation.
Just last week, Malaysia’s attorney general cleared Nazir’s elder brother, Prime Minister Najib Razak, of wrongdoing in receiving a $681 million personal donation from the Saudi royal family in 2013, as well as funds from a company linked to 1MDB. Of the Saudi funds, $620 million was later returned.
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