Prime Minister Najib Razak’s governing Barisan Nasional coalition said it plans to dispute the results of 21 seats lost in Malaysia’s election, countering similar court challenges by Anwar Ibrahim’s opposition.
Five days before Christmas, ex-Deputy Prime Minister Rodrigo Rato was asked by a prosecutor probing the collapse of Bankia SA whether he’d done business with Jaime Castellanos, chairman of Lazard Ltd.’s Spanish unit.
Malaysia’s biggest pension fund sold about 331 million ringgit ($110 million) of shares in the country’s benchmark index as Prime Minister Najib Razak’s election victory sparked the largest rally since 2008.
Najib Razak was sworn in as Malaysia’s prime minister after his coalition won a mandate extending its 55-year rule, with stocks and the ringgit rallying even as Anwar Ibrahim’s opposition vowed to contest some results.
Malaysian Prime Minister Najib Razak, whose coalition faces its biggest challenge in 55 years, said the election offers a choice between a reforming government that’s boosted growth and a fractious opposition that could bring “catastrophic ruin” for the country.
Malaysian Prime Minister Najib Razak’s ruling coalition widened its lead in vote counting in an election that will determine whether it can fend off a resurgent opposition and extend its 55-year hold on power.