Sentences with phrase «quasi-sovereign wealth fund»

Announced on Tuesday, the Cabinet reshuffle involved the sacking of Deputy Prime Minister Muhyiddin Yassin after he called on Najib to explain the controversy surrounding a Wall Street Journal (WSJ) report earlier this month that revealed nearly $ 700 million from quasi-sovereign wealth fund One Malaysia Development Berhad (1MDB) was deposited into the Prime Minister's personal bank accounts.

Last week, embattled Prime Minister Najib Razak announced a cabinet shuffle, including sacking Deputy Prime Minister Muhyiddin Yassin after he called on Najib to explain the controversy surrounding a Wall Street Journal (WSJ) report earlier this month that nearly $ 700 million from quasi-sovereign wealth fund One Malaysia Development Bhd. (1MDB) was deposited into the prime minister's personal bank accounts.