SINGAPORE - Malaysia's ringgit hit a 16-year low on Monday
as political tensions mounted over a report that linked Prime Minister Najib
Razak to probes into alleged corruption involving state fund 1MDB.
The ringgit fell as much as 0.8 percent to 3.8070 per dollar,
its weakest since May 1999.
Two of Malaysia's main opposition parties on Sunday demanded
an emergency sitting of parliament to discuss Najib's future.
A Wall Street Journal (WSJ) report published on Friday said
investigators had traced nearly US$700 million to bank accounts they believed belonged
to the prime minister.
Najib has denied taking any money from the debt-laden state
fund or any other entity for personal gain.
Source: AsiaOne
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