Friday, August 28, 2015

Embattled Malaysian PM Najib drops speech to global anti-corruption gathering...

For Najib Razak, the Malaysian prime minister beset by controversy over nearly £450 million paid into his personal bank account, the timing of a global anti-corruption conference in Kuala Lumpur next week could not be more awkward.

The embattled leader has now quietly cancelled his scheduled speech to 2,000 delegates on the opening day of the International Anti-Corruption Conference that his country is hosting.

The summit, which is organised by the Transparency International, the world’s leading anti-corruption organisation, is held every two years in different locations.

By chance, it will open in Kuala Lumpur as Mr Najib’s government is engulfed in allegations of corruption and financial impropriety surrounding 1Malaysia Development Berhad (1MDB), a scandal-plagued state investment fund.

 The prime minister has strenuously denied any wrongdoing connected to the payments into his bank account or to 1MDB, which that has amassed debts of £7 billion since he founded it in 2009. Full story...

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