It stems from Prime Minister Najib Razak's strategic state fund
called 1Malaysia Development Bhd (1MDB) set up in 2009 when he came into
office. The fund is meant to turn Kuala Lumpur into a financial hub.
It
started to attract national attention in early 2015 when it missed
payments for the $11bn (£7.1bn; €9.9bn) it owed to banks and
bondholders.
Former Prime Minister Mahathir Mohamad has said the
fund has taken on too much debt and lacks transparency. He has also
criticised Mr Najib's family's "lavish" lifestyle, which has been
regularly discussed in the local press.
Then the Wall Street
Journal (WSJ) reported it had seen a paper trail that allegedly traces
close to $700m from the troubled fund to Mr Najib's personal bank
accounts.
Read more on BBC News
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