Malaysia’s new finance minister says 1MDB wealth fund president is ‘utterly dishonest’

A Malaysian sovereign wealth fund at the centre of a major scandal that helped to topple the former government is insolvent and its chief is “utterly dishonest”, the new finance minister said Wednesday.
Ousted leader Najib Razak, his family and cronies are accused of looting billions of dollars from the fund, 1MDB, in a sophisticated fraud that stretched from the Cayman Islands to Switzerland.
Najib and 1MDB, which is the subject of money-laundering investigations in several…