Malaysia Picks Ex-deputy Governor Who Probed 1MDB to Helm Central Bank

Malaysia Picks Ex-deputy Governor Who Probed 1MDB to Helm Central Bank
A general view of the headquarters of Malaysia's central bank, Bank Negara Malaysia, in Kuala Lumpur Jan. 29, 2013. Reuters/Bazuki Muhammad/File Photo
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KUALA LUMPUR—Malaysia has named Nor Shamsiah Mohd Yunus, a former central bank deputy who was involved in investigating the 1MDB scandal, as the new governor of Bank Negara Malaysia, a spokesman for the prime minister said on Friday, June 22.

Her appointment comes after the exit of Muhammad Ibrahim less than halfway through his five-year term, seen as a fallout from the scandal after the finance ministry said funds from a central bank deal with the previous government were used to pay some of 1MDB’s debts.