Malaysia's CIMB Chairman Nazir Razak, and brother of Prime Minister Najib Razak, attends an interview with Reuters in Kuala Lumpur, Malaysia, in this October 31, 2015 file photo. REUTERS/Olivia Harris/Files
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The Malaysian prime minister's brother, Nazir Razak, announced Monday that he was taking voluntary leave of absence from his role as chairman of CIMB Group Holdings Bhd amid an independent review into money transfers to his personal account.Nazir was dragged into a scandal around political funding and alleged misuse of money from state fund 1Malaysia Development Berhad (1MDB) after the Wall Street Journal reported last month that he received $7 million in funds from his elder brother, Prime Minister Najib Razak, before the 2013 elections.Nazir, a leading Malaysian corporate figure, had said earlier that he believed the money came from legitimate fund-raising, and said that CIMB bank staff disbursed the funds to ruling-party politicians on the instructions of his brother.
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