Malaysian PM vows he will not resign over financial scandal

2015-12-10 2

Embattled Malaysian Prime Minister Najib Razak vowed Thursday that he will not retreat nor surrender amid pressure for him to resign over a $700 million financial scandal.
Najib has been under fire since July after leaked documents showed he received $700 million into his private accounts from entities linked to indebted state investment fund 1MDB.
The 1MDB crisis has been partly blamed for a sharp plunge in the Malaysian ringgit, which fell to 17-year lows against the dollar in August.
"I am convinced that I am on the side of the truth, and the truth will eventually prevail," Najib told more than 2,000 delegates of his United Malays National Organization.
He said he was aware of efforts to try to remove him and warned that "such treasonous acts" could sink UMNO and destroy the Malay race.