KUALA LUMPUR (Sept 22): A US federal grand jury is examining allegations of corruption involving Malaysian Prime Minister Najib Razak and individuals close to him, the New York Times reported on Monday, quoting anonymous sources.

The inquiry, run by a unit of the Justice Department that probes international corruption, is centred on US properties bought in recent years by Najib's stepson and properties relating to "a close family friend", the newspaper said.

It is also examining an allegation that US$681 million ($961.6 million) was deposited into Mr Najib's personal bank account, the New York Times added.

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