Najib Razak blames ‘problematic business model’ for loss of billions from government fund

The Malaysian prime minister, Najib Razak, has insisted there was no wrongdoing in the 1MDB scandal and instead blamed a “problematic business model” for the billions of dollars that went missing from a government investment fund.

Najib, who is seeking re-election in the Malaysian elections on 9 May, used a rare international interview to downplay the scandal and emphasise his own innocence – but conceded that “mistakes were made”.

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