Southeast Asia | Malaysian PM Najib cleared of corruption in $681m scandal

Malaysian PM Najib cleared of corruption in $681m scandal

January 26, 2016 12:38 AM (UTC+8)

 

(From Reuters)

Malaysia’s attorney-general said on Tuesday that $681 million transferred into Prime Minister Najib Razak’s personal bank account was a gift from the royal family in Saudi Arabia and there were no criminal offences or corruption involved.

Prime Minister Najib Razak has denied taking any money for personal gain
Najib Razak

The involvement of the Saudi royal family is an unexpected twist in a scandal over the mysterious funds transfer and the troubles of indebted state fund 1Malaysia Development Berhad (1MDB), whose advisory board Najib chairs.

“I am satisfied with the findings that the funds were not a form of graft or bribery,” attorney-general Mohamed Apandi Ali told a hastily called news conference, where a statement was issued that said Najib had returned $620 million to the Saudi royal family because it had not been utilized. Read More

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