Malaysia central bank says debt-laden fund broke foreign exchange rules, must repatriate $1.8B

October 9, 2015 11:55 AM

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KUALA LUMPUR, Malaysia – Malaysia's central bank says state investment fund 1MDB violated foreign exchange rules and must repatriate a total of $1.83 billion that it used abroad.

The central bank said Friday that 1MDB obtained permission for overseas investments based on "inaccurate or without complete disclosure of material information." It said it has recommended criminal prosecution of the fund, although the attorney-general said Thursday that it found no wrongdoing by fu...

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