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Malaysia in transition

Mahathir reins in Najib with 1MDB special investigation team

Experts ousted by ex-PM will lead the team to look into state fund scandal

The scandal at 1MDB, a Malaysia state fund, is a key reason for the downfall of former Prime Minister Najib Razak.   © Reuters

KUALA LUMPUR -- Malaysian Prime Minister Mahathir Mohamad, who began his second stint in office Monday, is accelerating investigations into the state fund 1Malaysia Development Berhad founded by former Prime Minister Najib Razak, who is accused of siphoning millions of dollars from it.

The prime minister's office said Monday it is establishing a special team to conduct detailed criminal investigations into the case including tracking funds and cooperating with relevant agencies in the U.S., Switzerland and Singapore. Najib's role in 1MDB, where $4.5 billion is unaccounted for, is still under investigation in some countries including the U.S. and Switzerland.

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