The 1MDB development fund was set up months after Najib became prime minister in 2009. Investigators allege more than $4.5 billion was stolen from the fund and laundered by Najib's associates through layers of bank accounts in the United States and other countries to finance Hollywood films and extravagant purchases that included hotels, a luxury yacht, art and jewellery. More than $700 million landed in Najib's bank accounts Reuters.from International-News-Economic Times https://ift.tt/6gvzNSY
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