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Malaysia in transition

Malaysia settles old 1MDB scores as scandal dragnet widens

Ex-central banker's family faces probe on heels of Deloitte and AmBank deals

A 1MDB billboard in 2015: The scandal surrounding the Malaysian fund is still making waves.   © Reuters

KUALA LUMPUR -- The 1Malaysia Development Berhad (1MDB) financial scandal is back in the spotlight, with the Malaysian government recovering more money from corporate big names and the family of a celebrated ex-central banker coming under investigation for allegedly receiving stolen funds.

Settlements in the past couple of weeks alone have secured 2.83 billion ringgit ($700 million) from local banking group AmBank on Feb. 26 and about $80 million from global auditing firm Deloitte last Wednesday.

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