Ex-1MDB Investigator Appointed as Malaysia’s Central Financial institution Governor

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PUTRAJAYA, Malaysia—Malaysia named Nor Shamsiah Mohd Yunus, a former central-bank official concerned in an investigation into state-investment fund 1Malaysia Growth Bhd., as governor of the regulator.

The appointment Friday confirms a Wall Road Journal report that Ms. Nor Shamsiah would change Muhammad Ibrahim, who resigned from Financial institution Negara Malaysia earlier this month. He left following revelations that some $500 million used to purchase land from the Finance Ministry was subsequently used to pay down 1MDB’s debt load.

Supply hyperlink – https://www.wsj.com/articles/ex-1mdb-investigator-appointed-as-malaysias-central-bank-governor-1529646692?mod=pls_whats_news_us_business_f

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