Kuala Lumpur — Former Malaysian premier Najib Razak completed his statement to anti-graft agents on Thursday, as the Southeast Asian country’s new government revealed $50bn of liabilities, adding to debt left behind by Najib’s scandal-hit administration. Defeated at the polls two weeks ago, Najib was summoned to explain suspicious transfers of $10.6m to his bank account, a fraction of billions of dollars that went missing from 1Malaysia Development Berhad (1MDB), a state fund that he had founded during almost a decade in power. The new government, led by 92-year-old Mahathir Mohamad, has vowed to find out where the 1MDB money went and punish those responsible. Najib has denied wrongdoing, though the new head of the Malaysian Anticorruption Commission this week described how an investigation into 1MDB had been suppressed three years ago to stop charges being brought against him. Najib, 64, appeared relaxed as he left the anticorruption commission’s headquarters seven hours after arri...

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