Over $1 bn was transferred into Najib’s accounts: WSJ

March 1, 2016 6:04 AM (UTC+8)

 

(From Reuters)

Deposits into Malaysian Prime Minister Najib Razak’s bank accounts ran to hundreds of millions of dollars more than previously identified by probes into state fund 1Malaysia Development Berhad (MDB), the Wall Street Journal reported.

Malaysia's Prime Minister Najib Razak
Malaysia’s Prime Minister Najib Razak

Citing two unnamed people familiar with flows into Najib’s accounts and a person familiar with one overseas investigation, the report said that more than $1 billion was deposited from 2011 to 2013, far more than the $681 million earlier identified.

The paper said global investigators believe much of the $1 billion originated with the state fund, known as 1MDB, but did not specify where the extra money came from or what happened to it.

The report contradicts a conclusion reached recently by Malaysia’s chief law officer.

Attorney-General Mohamed Apandi Ali cleared Najib in January of any corruption or criminal offences, saying the $681 million transferred into Najib’s account was a gift from a member of Saudi Arabia’s royal family and that most of it was returned. Read More

 

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