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Najib: There was valid cause for concern over 1MDB

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Prime Minister Najib Razak said today that the state-owned investment arm 1Malaysia Development Berhad had experienced some failings in the past that brought about a valid cause for concern.
He said that in response to that the government had launched an investigation into the matter and that the company saw its board of directors dissolved and replaced.
In the same speech he swung at a "concentrated campaign to sabotage the Malaysian economy for policial gain" and how certain parties used 1MDB as a tool to suggest that the Malaysian economy was collapsing.
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