1MDB failings, lapses 'valid' causes for concern, admits Najib

SINGAPORE (Jan 23): The failings and governance lapses of 1Malaysia Development Berhad (1MDB) are “valid” causes for concern, admits Prime Minister Datuk Seri Najib Tun Razak.

That was the reason why he ordered “one of the most comprehensive and detailed investigations in Malaysia’s corporate history” which involved multiple lawful authorities, including a bipartisan parliamentary body.

Najib said this in his keynote address at the Invest Malaysia Kuala Lumpur 2018 event on Tuesday, adding the nation had learned lessons from the 1MDB incident.

---

Related Stories

• Ex-Goldman banker Ng in Malaysia for 1MDB probe, according to a report
• MAS bans former Goldman Sachs (Singapore) MD Roger Ng for life
• Malaysia says 1MDB fugitive Jho Low hiding in Macau: Al Jazeera

---