Malaysia’s ruling coalition secured a landslide victory in the Borneo state of Sarawak after a campaign led by the prime minister, who is facing a financial scandal involving a state-owned fund.
1Malaysia Development Bhd (1MDB) is a state investment fund that came under investigation for alleged impropriety in July 2015, after reports emerged that investigators traced some US$700 million wired into Prime Minister Najib Razak’s bank accounts. Both the fund and the premier denied wrongdoing, but the attorney general launched an investigation into alleged graft. 1MDB was 42 billion ringgit (HK$86 billion) in debt at the time of the scandal.
