KUALA LUMPUR: Jailed former Malaysia Prime Minister Najib Razak on Wednesday (Oct 23) issued a rare apology for his mishandling of the multibillion-dollar 1MDB financial scandal, but maintained he had no
on Wednesday issued a rare apology for his mishandling of the multibillion-dollar 1MDB financial scandal, but maintained he had no knowledge of illegal transfers from the now-defunct state fund.
"It pains me every day to know that the 1MDB debacle happened under my watch as minister of finance and prime minister," the former premier said, according to the letter.Najib said while he initiated investigations into 1MDB, he should have acted differently when questions about its dealings first arose, adding his concerns at the time were its finances and the diplomatic risks the scandal posed.
Low faces charges in the United States and Malaysia for his alleged central role in the scandal, while the two Petrosaudi executives were convicted by a Swiss court in August for embezzling 1MDB funds. The three men had denied wrongdoing.
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