12-08-2015 09:42 via news.yahoo.com

Malaysia opposition party files suit against PM, state fund 1MDB

A Malaysian opposition party on Wednesday filed a civil suit against Prime Minister Najib Razak and indebted state fund 1Malaysia Development Berhad (1MDB), saying they had violated electoral rules and a new election should be held. 1MDB, whose advisory board is chaired by Najib, and which has debts of more than $11 billion, is under investigation for graft and financial mismanagement. The Wall Street Journal reported in July that investigators looking into 1MDB found that nearly $700 million wa
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