Mohd Nazifuddin bin Mohd Najib is a son of Malaysia’s Prime Minister Najib Abdul Razak. He has invested in a vast range of Malaysian businesses in such sectors as technology, energy, finance, mass transit and paints and coatings. In 2015, Nazifuddin became vice president of the Olympic Council of Malaysia. The same year, he denied allegations that he had been involved in a Ponzi scheme relating to a digital currency in Thailand. Nazifuddin has publicly defended his father, who in January 2016 was cleared of wrongdoing in relation to the transfer of nearly $700 million into Razak’s personal accounts.