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Lese-Ansicht

Malaysia’s Ex-PM Najib Faces Verdict in His Biggest 1MDB Trial

Former Malaysian Prime Minister Najib Razak, already languishing in jail for his role in the 1MDB scandal, is set for his biggest court verdict yet over the failed fund, with any outcome likely to inflame tensions in the fractious ruling coalition.

Najib Razak, center, arrives for a court hearing in Kuala Lumpur on Dec. 22. Photographer: Mohd Rasfan/AFP/Getty Images
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Malaysia’s Najib Loses House Arrest Bid, Stirring Discord

Former Malaysian Prime Minister Najib Razak lost a court bid on Monday to serve the rest of his prison term under house arrest, dealing a fresh setback to the once-powerful leader jailed over the 1MDB scandal and stirring discord within the ruling coalition.

Jailed former prime minister of Malaysia Najib Razak (L) arrives for a court hearing at the Kuala Lumpur High Court in Kuala Lumpur on Dec. 22.
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Anwar to Cut Small Business Costs After Poor Poll, Bernama Says

Malaysian Prime Minister Anwar Ibrahim announced measures to help reduce cost burdens for small and medium enterprises in the Southeast Asian country, according to a Bernama report, days after his coalition performed poorly in state legislative elections in Sabah.

Anwar Ibrahim Photographer: Samsul Said/Bloomberg
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Malaysia Army Fund to Cut Exposure to Affin: Minister

Malaysia’s Armed Forces Pension Fund will lower its exposure to Affin Bank Bhd. to 9% of its asset under management as it seeks to reduce holdings in strategic assets and invest the proceeds in fixed income, Defense Minister Mohamed Khaled Nordin said.

The Affin Bank headquarters in Kuala Lumpur.
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