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Politics

Malaysia's 1MBD woes deepen with US lawsuit

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Malaysia's Prime Minister Najib Razak   © Reuters

JAKARTA A bad penny keeps turning up, as the old saying goes. And so it goes for Malaysia's Prime Minister Najib Razak, who has spent more than a year trying to fend off allegations that around $700 million was stolen from troubled state development fund 1Malaysia Development Berhad and diverted into his bank account.

The prime minister first said he did not take money "for personal gain," then said he received a $681 million donation from Saudi Arabia -- the latter claim eventually backed in April by the Saudi foreign minister.

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