1MDB scandal: Malaysia's central bank chief Muhammad Ibrahim steps down

Muhammad, who had served with the central bank since 1984, was only two years into his term as governor which was due to end in 2021

Malaysia’s central bank governor has resigned, the prime minister said on Thursday, after claims the bank helped the previous regime cover debts linked to a financial scandal by purchasing government land. 
 

Muhammad Ibrahim’s days had looked numbered since the new government, which came to power last month after a shock election win, disclosed the purchase made by Bank Negara Malaysia from Najib Razak’s  government.
 

Former prime minister Najib, his family and cronies, are accused of looting billions of dollars from sovereign wealth fund 1MDB in an elaborate fraud that stretched from Switzerland to Los Angeles. 
 

Announcing Muhammad’s resignation, Prime Minister