18-04-2016 09:57 via news.yahoo.com

Malaysian PM's brother takes leave from CIMB role amid funds transfer inquiry

The Malaysian prime minister's brother, Nazir Razak, announced on Monday that he was taking voluntary leave of absence from his role as chairman of CIMB Group Holdings Bhd amid an independent review into money transfers to his personal account. Nazir was dragged into a scandal around political funding and alleged misuse of money from state fund 1Malaysia Development Berhad (1MDB) after the Wall Street Journal reported last month that he received $7 million (£4.94 million) in funds from his
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