Malaysian Prime Minister Najib Razak announced a cabinet reshuffle on Tuesday, appointing Ahmad Zahid Hamidi to replace Muhyiddin Yassin as his new deputy.
The cabinet reshuffle, first after the general election in 2013, came at a time when Najib was under pressure over allegations of fund embezzlement.
The Wall Street Journal reported earlier that $700 million related to 1MDB, a debt-laden state investment company, had been transferred into his personal account.
Najib's legal team is mulling legal action against the Wall Street Journal.
Some local analysts have considered Muhyiddin as a potential candidate to succeed Najib if he steps down.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
