SINGAPORE (Oct 29): The Malaysian Anti-Corruption Commission (MACC) has started investigating whether any wrongdoing was committed by former prime minister Najib Razak in agreeing to settle a dispute with Abu Dhabi’s International Petroleum Investment Co (IPIC) over a missing sum of US$3.5 billion ($4.8 billion).

Najib, who is already facing several charges over 1Malaysia Development Bhd (1MDB) matters, was called in by MACC on Oct 17 to answer questions about the settlement with IPIC.

Malaysia and Abu Dhabi were locked in a dispute over US$3.5 billion that 1MDB said was paid to a unit of IPIC — Aabar Investments — between 2012 and 2014.

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