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Malaysian prime minister promises to resolve 1MDB scandal by year-end

In a closed door discussion, Malaysia’s prime minister, Datuk Seri Najib Razak, promised to put an end to the 1Malaysia Development Berhad (1MDB) saga over parking RM4 billion (US$1.06 billion) with BSI in Singapore. According to Malaysian media, Najib is believed to have made the promise to the senior leaders from the nation’s largest political party, UMNO (United Malays National…

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