Najib Razak said that he "would like to apologise unreservedly to the Malaysian people", as the 1MDB scandal happened under his watch. KUALA LUMPUR: Jailed former Malaysia Prime Minister Najib Razak on Wednesday (Oct 23) issued a rare apology for his mishandling of the multibillion-dollar 1MDB financial scandal, but maintained he had no knowledge of illegal transfers from the now-defunct state fund. 1Malaysia Development Berhad (1MDB), a sovereign wealth fund co-founded by Najib in 2009 while