Malaysia appoints new SWF board after mass resignation

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Malaysia’s new prime minister Mohamad Mahathir has appointed a new board to the country’s Khazanah sovereign wealth fund, after the sitting members all resigned on July 26.

The board members’ resignations appear to be the latest consequence of Malaysia’s 1MDB corruption scandal, after news reports questioned payments made by Khazanah to Malaysia’s last government.

The fund’s managing director, Azman Mokhtar, also resigned at the same time after 14 years’ service at Khazanah. His term at the

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