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Malaysia's attorney general defends govt over fund scandal as state rulers push for resolution
Published December 07, 2015
FILE - In this Aug. 14, 2015, file photo, Malaysian Prime Minister Najib Razak pauses while speaking at a press conference in Putrajaya, Malaysia. Malaysia's attorney general on Thursday, Oct. 8, 2015, defended the government over a debt scandal as the country's state rulers pushed for the investigation to be resolved quickly. The Conference of Rulers, which comprised nine state rulers and governors of four other states, issued a rare statement Tuesday saying that failure to give convincing answers and clarifications on state investment fund 1MDB have led to a "crisis of confidence" in the country. They called for a quick and transparent investigation into the fund. The fund, set up by Najib in 2009 to develop new industries, has been accused by critics of graft and mismanagement after it accumulated at least 42 billion ringgit ($10 billion) in debt. (AP Photo/Joshua Paul, File) (The Associated Press)
Malaysia's attorney general has defended the government over a debt scandal as the country's state rulers push for the investigation to be resolved quickly.
The Conference of Rulers, which comprised nine state rulers and governors of four other states, issued a rare statement Tuesday calling for a quick and transparent investigation into the 1MDB investment fund.
The fund set up by Prime Minister Najib Razak in 2009 to develop new industries has accumulated at least 42 billion ringgit ($10 billion) in debt.
The Attorney-General's Chambers says it studied the central bank's investigation report into 1MDB and found no wrongdoing by fund officials.
It said Thursday that the police and the anti-corruption agency were still investigating.
https://www.foxnews.com/world/malaysias-attorney-general-defends-govt-over-fund-scandal-as-state-rulers-push-for-resolution