1MDB Scandal: Deposits in Malaysian Leader Najib’s Accounts Said to Top $1 Billion

imageDeposits into personal accounts of Malaysia’s prime minister totaled more than $1 billion—hundreds of millions more than previously identified—and global investigators believe much of it originated with a Malaysian state fund, people familiar with the matter say.

The investigators’ belief contradicts a conclusion reached recently by Malaysia’s attorney general.

The attorney general said $681 million deposited to Prime Minister Najib Razak’s account—identified by The Wall Street Journal last year—was a legal donation from a member of Saudi Arabia’s royal family, and most was returned. The attorney general said there was nothing improper and it was time to stop scrutinizing the deposits, a notion echoed by Mr. Najib.

source: Wall Street Journal

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Posted in jijik, najib, umno

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