A Fact Sheet On How RM2.6 Billion Of 1MDB Fund Was Pumped Into Najib's Personal Accounts

About USD700 million of funds have been funnelled through government agencies, banks and companies linked to 1MDB before appearing in Najib's personal accounts.

26 Jan — 07:49 PM

A "satisfied" A-G says "no criminal offence" committed by Najib in relation to RM2.6bil donation

The Attorney-General’s Chambers has found that no criminal offence was committed by Prime Minister Datuk Seri Najib Tun Razak in relation to SRC International and the alleged RM2.6bil donation.

Attorney-General Tan Sri Mohamed Apandi Ali said at a press conference Tuesday that he found no evidence to show that the donation was "an inducement or reward for doing or forbearing to do anything in relation to his capacity as Prime Minister. Based on the evidence from witnesses and supporting documents submitted, I am satisfied that no criminal offence has been committed in the relation to the said donation," said Apandi.

thestar.com.my

"MACC in their investigation personally met and recorded statements from witnesses, including the donor which confirm that the donation was given to the PM personally," he said. Furthermore, the A-G said the prime minister returned US$620 million (RM2.03 billion) to the Saudi royal family in August 2013 because the money was not utilised.

themalaysianinsider.com

On the two investigation papers on SRC International, Apandi said there were no evidences to prove that Najib had any knowledge nor had he given any approval for the transfer of the monies from the account of SRC International into his personal accounts.

"Based on the facts and evidences as a whole, I as the Public Prosecutor am satisfied that no criminal offence has been committed by the Prime Minister in relation to the three investigation papers. I will return the relevant investigation papers to MACC today at noon with instructions to close the three papers," he said.

thestar.com.my
03 Sep — 01:54 PM

AG Mohamed Apandi still undecided on the follow-up action on Bank Negara's 1MDB probe

Image via TMI

After receiving Bank Negara Malaysia’s investigation report nearly 20 days ago, the Attorney-General’s Chambers is still undecided on the follow-up action. “We are still studying,” attorney-general (AG) Mohamed Apandi Ali told Malaysiakini yesterday.

He was asked about how soon follow-up action is expected from the AG’s Chambers.

“I am in Penang and not in the office. What is there to brief you (on the status)? I am not briefing anybody. No comment, thank you,” he said.

malaysiakini.com

Earlier on Aug 14, Bank Negara had submitted their investigation paper on 1MDB to the AG’s Chambers. Its governor Zeti Akhtar Aziz held a press conference on the same day and revealed that it has recommended “appropriate enforcement action”. She, however, declined to disclose any findings of BNM's probe saying she was prohibited by law from doing so.

The Bank Negara governor was also part of a special task force set up to probe 1MDB as well as the RM2.6 billion transferred into Prime Minister Najib Abdul Razak’s accounts.

However, Mohamed Apandi, who replaced Abdul Gani Patail as attorney-general on July 28, has since disbanded the task force.

The unexpected removal of Abdul Gani has ignited allegations that it was an attempt to derail the task force probe, which the government has denied.

malaysiakini.com
13 Aug — 01:47 PM

Bank Negara's 1MDB probe finished, says Zeti

Image via Reuters

Bank Negara governor Zeti Akhtar Aziz today announced that the central bank has completed its investigation into state-owned 1MDB. She added the investigation papers have been handed to attorney-general Mohamed Apandi Ali this week.

malaysiakini.com

This was her first public appearance in weeks after she and other heads of enforcement agencies came under scrutiny over the probe.

The probe was controversial as it also involved the transfer of RM2.6 billion into Prime Minister Najib Abdul Razak's personal bank accounts.

Since then, Abdul Gani Patail was replaced as attorney-general.

His successor went on to disband the special task force, comprising the police, Bank Negara, Malaysian Anti-Corruption Commission (MACC) and Attorney-General's Chambers.

The MACC and Bank Negara have since proceeded with their respective investigations. However, MACC investigators were arrested and quizzed by the police while Zeti also faced various allegations.

malaysiakini.com

BNM Governor Tan Sri Zeti Akhtar Aziz said the central bank has already submitted its findings to Attorney-General Tan Sri Mohamed Apandi Ali, along with recommendations for "appropriate enforcement action".

"It (investigations) was completed this week, and we submitted (the investigation papers) this week," Zeti said at a news conference here.

themalaymailonline.com
01 Aug — 03:34 PM

Former MACC adviser and AGC officer remanded over 1MDB probe for one day

The ex-Malaysian Anti Corruption Commission (MACC) adviser and the Attorney-General’s Chambers officer, who were arrested by police have been remanded for a day.

The duo are being investigated under Section 124 of the Penal Code for activities detrimental to parliamentary democracy.

thestar.com.my

Lawyers for both suspects said they would be released on Saturday after police record their statements over matters related to the ongoing 1Malaysia Development Berhad (1MDB) investigation.

Both were tight-lipped over why their clients were picked up and the nature of the alleged offences. "I think we need to let the police finish the investigation before we say anything further. They have to complete the investigation," said one of the arrested person’s lawyer S. Prakash.

Despite the presence of lawyers and Magistrates at the PJ police headquarters, the police refused to comment on the latest arrests to the press. When contacted, Inspector-General of Police refused to confirm nor deny the arrest of the duo. Both were arrested on Friday night.

thestar.com.my
25 Jul — 03:23 PM

Fourth suspect remanded in 1MDB probe, while court allows bail for another

One of the two suspects (in orange) at the magistrate's court in Putrajaya this morning.

Image via Kamal Ariffin

The managing director of a construction firm has been remanded for four days today (July 25) to aid in a probe on the 1Malaysia Development Berhad (1MDB) controversy, making him the fourth to be detained by the authorities so far.

The 48-year-old “Datuk” was nabbed in Kuala Lumpur yesterday evening and will be assisting in investigations under Section 17 (a) of the Malaysian Anti-Corruption Commission Act 2009, a source close to the investigation told Malay Mail Online.

todayonline.com

The 48-year-old is the managing director of a construction and development company, said to be from the same company as Jerome Lee, who had been remanded earlier in connection with 1MDB investigations.

Lee was remanded on Tuesday and on an RM100,000 bail yesterday. Information online showed that 39-year-old is group executive director of construction firm Putrajaya Perdana Berhad, and it is learnt he had been previously employed as an investment director with 1MDB.

themalaysianinsider.com

The authorities also released today a 54-year-old man — believed to be the managing director of Ihsan Perdana Sdn Bhd — on RM100,000 (S$36,000) bail with two sureties. The man was the second suspect nabbed by the mutli-agency special taskforce formed to probe 1MDB.

Aside from the managing director of Ihsan Perdana, which manages 1MDB’s corporate social responsiblity programmes, the taskforce also detained two men aged 28 and 39 who are believed to be linked to SRC International.

todayonline.com
24 Jul — 11:20 AM

As third person remanded in connection with 1MDB probe, another freed on RM100K bail

A third individual has been remanded to assist investigations into 1Malaysia Development Berhad (1MDB), this time a 28-year-old trading company owner. Putrajaya Magistrate Nik Isfahanie Tasnim Ab Rahman allowed the suspect to be remanded for four days.

The suspect was arrested at the Malaysian Anti Corruption Commission (MACC) headquarters here at 10.45pm Thursday. Deputy public prosecutor Ahmad Sazilee Abdul Khairi said the individual is investigated under Section 16(a) of the MACC Act over suspicion of receiving bribes.

thestar.com.my

The director of a construction firm (left) who was arrested to aid in the 1MDB probe was released on bail today.

Image via Saw Siow Feng

A top company director has been freed on a RM100,000 bail today, four days after he was the first person arrested and remanded in the ongoing investigations linked to 1Malaysia Development Bhd and its one-time subsidiary SRC International Sdn Bhd. The Putrajaya magistrate's court released Jerome Lee (pic) on bail with two guarantors.

themalaysianinsider.com

The man, said to be a former 1MDB employee, was arrested on Monday at the Kuala Lumpur International Airport (KLIA) before his flight to Taiwan. He was subsequently remanded for four days until today.

On Wednesday, a second man nabbed for the 1MDB probe was remanded for five days for an investigation under the same Section 17.

The MACC confirmed that the 54-year-old man ― believed to be the managing director of Ihsan Perdana Sdn Bhd, the company responsible for 1MDB’s corporate social responsibility programmes ― was nabbed the day before.

themalaymailonline.com
22 Jul — 02:52 PM

As second person from 1MDB-linked firm remanded, 1MDB says previously arrested man not an employee

Datuk Shamsul Anwar Sulaiman, the managing director of Ihsan Perdana Sdn Bhd, seen at the magistrate’s court in Putrajaya.

Image via The Malaysian Insider

Datuk Shamsul Anwar Sulaiman of Ihsan Perdana Sdn Bhd was remanded today over investigations into debt-ridden state fund 1Malaysia Development Bhd (1MDB).

He was picked up yesterday afternoon at The Curve shopping mall in Mutiara Damansara, and was brought to the headquarters of the anti-graft authority for questioning, where he was arrested.

He was brought to the magistrate's court in Putrajaya today where police obtained a five-day remand order.

themalaysianinsider.com

Previous news reports had named Ihsan Perdana’s managing director as Dr Shamsul Anwar Sulaiman, who earlier this month denied transferring money to Prime Minister Najib Razak’s bank accounts.

todayonline.com

Yesterday, MACC obtained a four-day remand order to detain a director of a construction and development company, also to assist investigations relating to financial irregularities in 1MDB.

The man had been arrested at Kuala Lumpur International Airport on Monday as he was about to leave the country. He was believed to have previously held a position in 1MDB but had since left the state investment arm

nst.com.my

Screen capture of the video showing MACC officers escorting Ihsan Perdana's managing director (second from left) out of Putrajaya Magistrate Court.

Image via Malay Mail Online

The director arrested by the special task force investigating 1Malaysia Develop-ment Berhad (1MDB) funds is not an employee of the company.

“1MDB notes media reports regarding an individual remanded by the magistrate’s court in connection with ongoing investigations by the task force. No 1MDB employee is under remand,” said the company in a statement yesterday, where it also emphasised that it will cooperate with relevant authorities.

It is believed the task force sought the director, who was once associated with SRC International Sdn Bhd, to assist in investigations.

thestar.com.my
21 Jul — 03:04 PM

Special taskforce arrests director linked to SRC International at KLIA over 1MDB probe

The government’s multi-agency special taskforce investigating debt-ridden 1Malaysia Development Berhad (1MDB) has arrested a 39-year-old man said to be a board member of a company linked to SRC International, to aid in its probe, sources said today (July 21).

todayonline.com

It is believed that the man was arrested at the Kuala Lumpur International Airport (KLIA) yesterday. Malaysiakini understands that the director is currently involved in a major property and development company.

malaysiakini.com

Lawyer Muhammad Shafee Abdullah, who is representing the arrested director.

Image via APHR

The director’s lawyer Tan Sri Muhammad Shafee Abdullah said his client has been remanded for four days over "national interest.""They asked for seven days but the magistrate allowed for four days only," he added.

thestar.com.my

The man is being detained to aid in a graft probe under Section 17 of the Malaysian Anti-Corruption Commission Act 2009, Malay Mail Online was told. Section 17 covers the giving or acceptance of bribes.

todayonline.com
13 Jul — 08:18 AM

Millions from Najib's AmBank account went to BN parties at GE13, claims CAGM

Image via TMI

The millions of ringgit in Prime Minister Datuk Seri Najib Razak's Ambank private accounts were channelled to Barisan Nasional component parties in the run-up to the 13th general election two years ago, claimed a non-governmental organisation.

However, the Citizens For Accountable Governance Malaysia (CAGM) blamed, what it termed as "system of greasing" the ruling coalition partners and election machineries, on former prime minister Tun Dr Mahathir Mohamad, who had become Najib's staunchest critic over the 1Malaysia Development Berhad (1MDB) scandal.

themalaysianinsider.com

"CAGM can confirm, based on court documents in our hands, that millions from Najib’s Ambank accounts were actually used to ‘back up’ Barisan Nasional (BN) component parties in the run-up to the 2013 general elections," CAGM chairman Md Zainal Abidin said in a statement today, offering an explanation as to why so much money had been pumped into Najib’s private Ambank accounts.

yahoo.com

Besides the 13 BN component parties which he claimed were allocated an average of RM30 million to RM50 million each, he said funds were channelled to more than a dozen BN-friendly parties and NGOs, which received between RM1 million and RM8 million each.

"This system of ‘greasing’ the component parties and election machineries (in some cases, mercenaries) were actually put in place by Dr Mahathir and that has allowed BN to remain in power until now.

So, in essence, Najib was ‘paying’ to a system that was put in motion by Mahathir to ensure the results are in favour of BN. The harder a victory in the elections appear to be, the more money it requires to secure a win and the 2013 general election was a very high-risk affair for BN after all," he said.

themalaysianinsider.com
12 Jul — 11:44 AM

Najib and Rosmah duty-bound to declare their assets urgently, says anti-graft watchdog

Image via ST

Prime Minister Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor are duty-bound to publicly declare their assets urgently, said an anti-graft watchdog said today, in the light of another revelation that RM2 million was deposited into Rosmah’s private bank account.

themalaysianinsider.com

“This is one of the last avenues left for Najib to restore credibility and waning public trust,” said NGO C4’s executive director Cynthia Gabriel.

“Instead of preaching integrity of public servants or quoting religious edicts to salvage his dilapidating image, it is imperative that Najib, Rosmah and family members declare their assets publicly, and make known their banking details which have now come under serious scrutiny. Instead of crying political sabotage by his opponents to deflect from burning questions surrounding his personal and official credibility, Najib must take the opportunity to prove his innocence, if there is any left, by showing Malaysians a list of assets both monetary and non-monetary,” said Gabriel in a statement today.

malaysiakini.com

Gabriel said in light of the expose, Malaysia would further tumble on “how much else had been misappropriated”.

“Malaysia cannot be competitive globally nor can the country hope to be a major, successful international player in economy and finance when for the first time in history, a sitting prime minister is accused of serious embezzlement and corruption,” she said.

themalaysianinsider.com
11 Jul — 12:26 PM

As taskforce investigates her bank accounts, Rosmah denies Affin Bank funds from 1MDB

Datin Seri Rosmah Mansor has issued a strong denial to allegations that RM2mil of 1Malaysia Development Bhd (1MDB) funds were deposited into a bank account belonging to her.

Rosmah, wife of Prime Minister Datuk Seri Najib Tun Razak, said in a statement via her lawyer on Friday that accusations by Sarawak Report that funds from 1MDB were channeled to her account were “serious, malicious, baseless and unsubstantiated”.

Rosmah clarified that the bank account under Affin Bank Berhad was in fact a personal account that was opened in 1984, while she was employed at Island & Peninsular Sdn Bhd.

It was a matter of convenience as her workplace was situated in the same building as Perwira Habib Bank Bhd (now Affin Bank), said the statement by Noorhajran Mohd Noor Advocates and Solicitors.

“My client has not committed any criminal offence or misappropriation of funds and strongly denies any links to the funds being from 1MDB. The report is deemed to be indecent, menacing, false and is intended to annoy or harass my client,” the statement said.

thestar.com.my

The special task force on the trail of 1Malaysia Development Berhad (1MDB) funds is investigating the bank account of Datin Seri Rosmah Mansor. In a joint statement, the task force said they were looking into the Prime Minister's wife's account as one aspect of their investigations.

The account has been highlighted in the media, which alleged that various sums totalling RM2 million (S$712,000) was banked into an account with Affin Bank bearing her name between Feb 10 and April 23 this year by a man identified as Roslan Sohari.

"The special task force takes any media exposure made regarding 1MDB seriously. We will carry out the investigation and record statements from all relevant parties. The task force already knew about the account belonging to the Prime Minister's wife even before it was exposed in the media.

"The special task force stresses that any investigations related to 1MDB is conducted transparently, independently and professionally. The task force hopes that all parties will not question the integrity of the National Bank, Royal Malaysian Police and the MACC in carrying out their duties in the investigation," it said.

asiaone.com
10 Jul — 03:35 PM

PAC to call Jho Low over debt-laden 1MDB probe

Malaysian businessman Low Taek Jho.

Image via Straits Times

Businessman Low Taek Jho, also known as Jho Low, will be summoned to face the Public Accounts Committee (PAC) over probe into 1Malaysia Development Board (1MDB) funds.

PAC chairman Datuk Nur Jazlan Mohamed said Jho Low was special adviser to the Terengganu Investment Authority (TIA), which was set up in 2009, before it was taken over by the Federal Government also in the same year.

thestar.com.my

Nur Jazlan said the committee made the decision to call Low after hearing more from the auditor-general today about investments made by 1MDB, including its deal with PetroSaudi International.

"As a result, we made the decision to call Low Taek Jho in his capacity as special adviser to TIA's chairman of the advisory board in 2009 which has been confirmed in the audit report, where TIA was taken over by the federal government that same year," he said.

When asked why Low, also known as Jho Low, was being called, Nur Jazlan said: "We just want to call him to verify some issues."

themalaysianinsider.com

"It's up to him," said Nur Jazlan when asked if Jho Low, who is believed to be overseas, could refuse to attend.

Nur Jazlan said PAC did not want to reach the stage where it had to compel him to come.

PAC will also recall auditors from Deloitte Malaysia, KPMG as well as Ernst & Young to answers further question which had surfaced after the tabling of the A-G's report.

thestar.com.my
10 Jul — 10:57 AM

Taskforce says Najib's bank accounts closed long before WSJ reported it linked to 1MDB fund

Malaysia's Prime Minister Najib Razak speaks at a presentation for government interns at the Prime Minster's office in Putrajaya, Malaysia, 8 July 2015

Image via REUTERS

Najib Razak's bank accounts at AmBank Islamic had already been closed before The Wall Street Journal reported alleged transfers of billions of ringgit to his accounts last week, the special government task force probing the allegation said, confirming that the prime minister had two accounts there.

A statement by the task force today said the two accounts had been closed on August 30, 2013, and March 9 this year.

themalaysianinsider.com

However, the special task force, set up to probe the alleged transfer of funds, said that all relevant documents related to the AmBank Islamic accounts have been received.

“The Attorney-General emphasised that all investigation documents received by the Attorney-General are provided by the special task force. Therefore, there is no issue of the Attorney-General using documents published in the Wall Street Journal or elsewhere,” said the task force in a statement on Thursday.

thestar.com.my

The dates of the closures of Mr Najib’s accounts were close to the dates of the alleged fund transfers.

The WSJ had claimed that US$681 million originating from Tanore Finance, a company in the British Virgin Islands, was deposited into Mr Najib’s accounts in two transactions on March 21 and 25 in 2013, ahead of the general elections in May that year.

Another sum of US$11.1 million originating from Finance Ministry-owned SRC International was reportedly moved in two tranches between December last year and February this year.

todayonline.com

Following its announcement, sources told The Malaysian Insider three of the frozen accounts belonged to Najib, another to SRC International and one to Ihsan Perdana, a local company that was part of the RM42 million money flow.

Reporting on news of the freeze, the WSJ said the ones that had been frozen were different from the accounts it had reported on. The WSJ also uploaded documents it used in its report which showed instructions for telegraphic transfers and charts showing the money trail.

themalaysianinsider.com
09 Jul — 11:18 AM

Attorney-General says won't hesitate to prosecute whoever leaked 1MDB docs to WSJ

Image via The Star Online

Attorney-General Tan Sri Abdul Gani Patail has ordered a full probe into who leaked bank documents relating to 1MDB to the Wall Street Journal. He said in a statement on Wednesday that the documents were subject matter of an ongoing investigation.

thestar.com.my

“The Attorney General also expressed his concern at the insinuations and allegations that have been made linking him to certain political agenda. He stressed that the whole purpose of establishing an inter-agency Special Task Force to investigate the matter was to ensure that there could be no abuse of the investigation mechanism,” the statement said.

themalaymailonline.com

Abdul Gani stressed that the whole purpose of setting up an inter-agency special task force to investigate the matter was to ensure there could be no abuse of the investigation mechanism.

“I will not hesitate to prosecute any person found to have leaked confidential investigation related information as it is a criminal offence under section 133 of the Financial Services Act 2013, and Section 145 of the Islamic Financial Services Act 2013.

“For any person who has access to any document or information relating to the affairs or account of any customer of a financial institution, including the financial institution or any person who is or has been a director, officer or agent of the financial institution, to disclose to another person any document or information relating to the affairs or account of any customer of the financial institution,” he said.

thestar.com.my
08 Jul — 03:22 PM

1MDB confirms documents seized and office raided

1Malaysia Development Bhd (1MDB) has confirmed that its office here is being raided by a special taskforce investigating the firm and documents have also been confiscated by the investigators.

themalaymailonline.com

1MDB has released a statement saying:

We can confirm that a number of officials from the Task Force, conducting an enquiry into 1MDB, visited our offices today. They were provided with a number of documents and materials to aid with the investigations currently taking place.

1MDB is extending its full cooperation to the Task Force and all lawful authorities. We reaffirm our previously stated position that if any wrongdoing is found, then action must be taken by the lawful authorities, as per due process and the laws of our country.

08 Jul — 04:12 PM

8 July, 1.19pm: 1MDB office raided by cops

Image via The Star

The police are raiding the office of 1MDB at Menara IMC, Jalan Sultan Ismail in Kuala Lumpur. The raids began at around 11.30am on Wednesday and are still ongoing. Journalists were not allowed access to the office but was informed by a receptionist that the police and 1MDB gave instructions not to allow anyone to their office, located on level 8.

"Even the despatch people are not allowed in as they don't want to be disturbed," said the receptionist.

Spotted outside were four police patrol cars and two vans.

"There were two vans and about four police Proton Preves outside the building. My colleague went to the eight floor and he saw guards in a black jacket who were clearing off people from the floor," said an eyewitness, adding that the colleague was "quite certain" that the men in jackets were not building guards.

"The men in jackets were making sure that no one else was there. But the floor was packed full of people, supposedly police," the eyewitness added.

thestar.com.my
08 Jul — 04:12 PM

8 July, 12.21pm: IGP says WSJ to be investigated over leaked 1MDB banking documents

Image via The Star

Police will investigate The Wall Street Journal over leaked banking documents pertaining to the report that alleged RM2.6 billion of 1MDB-linked funds were transferred into Prime Minister Najib Abdul Razak’s personal bank accounts.

Inspector-general of police Khalid Abu Bakar said WSJ will be investigated under Section 4 of the Computer Crimes Act for unauthorised access with intent to commit further offence.

"We will investigate The Wall Street Journal," he said adding that police will also question bank officers who might be involved. "If we let anyone leak an individual's or company's banking information this could threaten the country's economy and amount to economic sabotage," he added.

As such he said the case will also be investigated under the Penal Code and Security Offences (Special Measure) Act for economic sabotage.

malaysiakini.com
08 Jul — 12:21 PM

Meanwhile, Dr Mahathir has called on Najib to show public proof that his assets are legal

Speaking to the BBC's Jennifer Pak, Mr Mahathir accused the prime minister of having what he called a lavish lifestyle, which has been closely scrutinised in the local press. Prime Minister Najib has previously issued a statement on social media site Facebook saying that the various allegations made against him are "unsubstantiated" and "outrageous".

bbc.com

"When people charge him with something, he says it is a plot. Nonsense, it's not true. Prove that it is not true. It is very easy for him to prove it is not true. He has these bank accounts, all he has to do is say: 'you examine my accounts, you look at it'," Mahathir said in an interview with UK-based BBC that was aired this morning.

This is the first time Mahathir publicly weighed into Najib's position after The Wall Street Journal (WSJ) reported last Friday that US$700 million of 1MDB's funds was deposited into Najib's private bank accounts with Ambank.

Mahathir also denied that he was working with the foreign media to make allegations against Najib. "All this about the money that had been borrowed and all these shenanigans that followed - is something that I read in the foreign press and I confirmed by asking local people.

"I did not work with the foreign press," he said in the interview.

Mahathir also addressed accusations that he was out to oust Najib for not following his wishes, stating that the prime minister had made some promises to him but that they were "minor things"

malaysiakini.com
08 Jul — 12:21 PM

7 July: WSJ discloses documents showing alleged transfers of RM2.6B to Najib's bank accounts

Image via WSJ

The Wall Street Journal (WSJ) has uploaded documents which allegedly detail how nearly US$700 million ended up in Prime Minister Najib Abdul Razak's personal bank account.

According to the WSJ, the documents were sourced from "Malaysian government investigation". Some details, such as the last five digits of the AmIslamic Bank Bhd account, have been redacted.

malaysiakini.com

You can view the documents here.

07 Jul — 05:37 PM

RM2.6B for PM probe: Special taskforce freezes 6 bank accounts

A special taskforce probing the alleged misappropriation of 1MDB's funds has announced it has frozen six bank accounts related to the case.

"The order to freeze the six bank accounts belonging to those believed to be involved in this case was issued on July 6, 2015," said the taskforce in a joint-statement today.

The statement was signed by Attorney-General Abdul Gani Patail (photo), Bank Negara governor Zeti Akhtar Aziz, inspector-general of police Khalid Abu Bakar and Malaysian Anti-Corruption Commission (MACC) chief Abu Kassim Mohamed.

malaysiakini.com
07 Jul — 05:37 PM

The joint-statement, however, made no mention whether the frozen accounts belonged to Najib

However, the title of the statement was specific to Najib as it read: "About the special taskforce investigation into claims that funds were channeled to the prime minister's accounts".

Furthermore, the special taskforce said it had obtained documents from two banks which it did not name. "The special taskforce had taken documents relating to 17 accounts from two banks to facilitate investigation," it said. The special taskforce added it also took documents relating to the non-compliance of Bank Negara rules by the said banks.

malaysiakini.com
07 Jul — 03:04 PM

6 July: PM Najib is expected to sue the Wall Street Journal on Tuesday

According to sources close to the prime minister, he will be filing the suit through his lawyers in Kuala Lumpur.

thestar.com.my

“In reference to the wild allegations against me, apparently I have stolen US$700mil (RM2.67 billion) from 1MDB and put it my personal account. I have referred this to my lawyers and they will advise what action, including under the law, that I can take in and outside the country,” Najib said.

thestar.com.my
06 Jul — 03:44 PM

Speaking at a press conference during a buka puasa event in Semenyih, the prime minister expressed his disappointment over those who are trying to twist the public's perception but assures the people that he will not let such matters affect the ruling government

Image via Reuters

“In the past one or two days, they have come up with all sorts of stories. I have become a victim of their relentless attacks lately, that I supposedly stole a huge amount of money and placed it into my personal accounts,” he was quoted as saying.

"I am thankful, there are some who say they don’t believe the news, including (PAS spiritual leader) Datuk Haron Din on his Twitter. He said it didn’t make sense for me to do something like that."

freemalaysiatoday.com

"Even if I wanted to steal, surely I would not have kept the money in a Malaysian account. As the Prime Minister, I will never betray the Malaysian public," he said at a breaking of fast with residents here.

thestar.com.my

Najib added that he was adamant not to let “external parties” affect Putrajaya which was the reasoning for his consulting his lawyers whether or not to take legal action both locally and outside Malaysia.

We cannot allow external parties threaten to bring down Umno and Barisan Nasional in Malaysia," he said.

themalaymailonline.com
06 Jul — 03:44 PM

The opposition has called for Najib to go on leave amidst concerns that the investigation will be compromised if he remains in power.

Tourism and Culture Minister Datuk Seri Nazri Aziz begs to differ, saying that there is no need for Najib to do so as there is no definite proof of wrongdoing. The former law minister also said that he will advise Najib not to sue Wall Street Journal for fear of being "selective".

The tourism and culture minister also said the opposition's fears that the investigations would be compromised if Najib was still in power, were unfounded.

“Why should he go on leave? He did not commit any offence. You only go on leave if you have been charged. If this is the case, any time there is an allegation, every leader will have to go on leave,” Nazri told The Malaysian Insider.

themalaysianinsider.com

He said the prime minister was “too busy running the country” to want to interfere in the investigation.

Nazri also rejected suggestions that Najib should sue the Wall Street Journal which reported on Thursday that US$700 million had been channelled into two AmBank accounts bearing Najib’s name.

freemalaysiatoday.com

“No necessity for the prime minister to take action. If he takes action he must sue all those papers which have written this false allegation. Not just WSJ. He has to sue everybody. He will be accused of being selective if he just sued WSJ," Nazri said.

themalaysianinsider.com

“The Prime Minister must be consistent. You must be consistent… You must sue all the parties. I am going to urge him not to. I will inform him as soon as possible,” Nazri said.

thestar.com.my
06 Jul — 03:40 PM

5 July: Special taskforce uncovers documents related to allegations that 1MDB fund was pumped into Najib's accounts

Attorney-General Tan Sri Abdul Gani Patail.

Image via Sabahkini

Malaysia’s attorney general said an official investigation into a troubled state investment fund has uncovered documents related to allegations that money was transferred into the personal bank accounts of Prime Minister Najib Razak.

A task force comprising the central bank, the national police and the nation’s anticorruption agency uncovered the documents during a probe of 1Malaysia Development Bhd., or 1MDB, Abdul Gani Patail, the attorney general, said Saturday.

wsj.com

Attorney-General Tan Sri Abdul Gani Patail said the taskforce comprising officers from the Malaysian Anti-Corruption Commis­sion, Bank Negara and the police was going through documents taken from the premises of SRC International Sdn Bhd, Gandingan Mentari Sdn Bhd and Ihsan Perdana Sdn Bhd.

The Wall Street Journal (WSJ) had named the three companies in its report on July 2, claiming that US$700mil (RM2.6bil) was funnel­led into what it believed to be Datuk Seri Najib Tun Razak’s bank ac­­counts.

thestar.com.my

“I confirm that I have received documents from the special task force related to 1MDB, including documents related to the allegations of channeling of funds to accounts owned by Prime Minister Najib Tun Razak,” Mr. Abdul Gani said.

wsj.com

“After reviewing and analysing the documents retrieved during the raids, I have adviced the taskforce on the next course of action,” Abdul Gani said in a statement yesterday.

The taskforce moved into action barely 24 hours after the WSJ report. The Attorney-General said the investigations would be focused on all aspects raised.

“With the participation of various agencies, I am confident of pro­­fessional and in-depth investigations. I hope all parties will extend their cooperation to enable the special taskforce to proceed with the investigation without issuing statements that can confuse the public,” he added.

thestar.com.my

Prime Minister Najib Razak, arriving here at Saujana Menteri Besar the southern state of Johor on Friday, has said the allegations are an attempt by his political adversaries to smear his name.

Image via REUTERS

06 Jul — 10:49 AM

3 July: On 2 July, the Wall Street Journal and Sarawak Report revealed in separate reports that investigations into 1MDB, which has been debt-laden and marred with controversy, have allegedly uncovered billions of ringgit funnelled into the personal accounts of PM Najib

Najib while addressing delegates of the ruling party UMNO last month.

Image via JOSHUA PAUL/ASSOCIATED PRESS

Below, we're listing down the facts from the reports you should know.

03 Jul — 02:49 PM

1. The Wall Street Journal and Sarawak Report both are quoting from documents from the 1MDB investigation that is being carried out by the Malaysian government. The documents, not seen by SAYS, show that USD700 (RM2.6 billion) was moved among government agencies, banks and entities linked to 1MDB and finally ending up in Najib's personal accounts in five separate deposits.

Image via WSJ

03 Jul — 02:50 PM

From WSJ:

The investigation documents mark the first time Mr. Najib has been directly connected to the probes into state investment fund 1Malaysia Development Bhd., or 1MDB. Najib, who founded 1MDB and heads its board of advisors, has been under growing political pressure over the fund, which amassed $11 billion in debt it is struggling to repay.

Documents reviewed by The Wall Street Journal include bank transfer forms and flow charts put together by government investigators that reflect their understanding of the path of the cash. The original source of the money is unclear and the government investigation doesn’t detail what happened to the money that went into Mr. Najib’s personal accounts.

Najib has previously denied wrongdoing in relation to 1MDB and has urged critics to wait for the conclusion of four official investigations that are ongoing into 1MDB’s activities. Investigators have identified five separate deposits into Mr. Najib’s accounts that came from two sources, according to the documents viewed by the Journal.

wsj.com
03 Jul — 02:50 PM

From Sarawak Report:

These personal accounts were held clearly under the name of “Dato’Sri Mohd Najib Bin Hj Abd Razak” at AmPrivate Banking in Kuala Lumpur.

Even more sensationally, a total of US$681,999,976 (RM2.6 billion) was separately wire transferred from the Singapore branch of the Swiss Falcon private bank owned by the Abu Dhabi fund Aabar into the Prime Minister’s private AmBank account in Kuala Lumpur, on March 2013, just in advance of the calling of the General Election.

Aabar has been connected to numerous financial transactions involving 1MDB.

sarawakreport.org
03 Jul — 06:15 PM

2. The Auditor-General, which has been ordered by the government to verify 1MDB's accounts in March, declined to comment on the WSJ report. It, however, said that it has completed an interim report and will submit it on 9 July 2015 to a parliamentary committee that is also probing 1MDB, according to this Bloomberg Business report.

03 Jul — 06:25 PM

3. Previously on 18 June, the WSJ had reported about how 1MDB had been used to indirectly help PM Najib's 2013 election campaign

Image via WSJ

03 Jul — 06:30 PM

According to the Journal:

The fund appeared to overpay for a power plant from a Malaysian company. The company then donated money to a Najib-linked charity that made donations, including to local schools, which Mr. Najib was able to tout as he campaigned.

wsj.com
03 Jul — 06:44 PM

4. Another RM42 million had been transferred from SRC International, a company linked to 1MDB which is now under the Finance Ministry, into Najib's three private accounts at AmPrivate Banking in KL as recently as five months ago. According to the documents in the investigation, SRC International Director Nik Faisal Ariff Kamil had power of attorney over Najib's bank accounts.

Image via Sarawak Report

03 Jul — 06:44 PM

From WSJ:

The government probe documents detail how investigators believe SRC International transferred 40 million ringgit on Dec. 24 last year to a wholly owned subsidiary. This company on the same day wired the money to Ihsan Perdana, according to the documents. Two days after receiving the money, Ihsan Perdana wired 27 million ringgit and five million ringgit in two separate transfers to two different bank accounts owned by Mr. Najib, the government documents show.

In February, 10 million ringgit entered the prime minister’s account, also from SRC International via Ihsan Perdana, the documents show.

The remittance documents don’t name Mr. Najib as the beneficiary but detail account numbers at a branch of AmIslamic Bank Bhd. in Kuala Lumpur. Two flow charts from the government investigation name the owner of these accounts as “Dato’ Sri Mohd Najib Bin Hj Abd Razak,” the prime minister’s official name. A spokesman for AmIslamic Bank declined to comment.

wsj.com
03 Jul — 07:03 PM

5. In response, 1MDB has labeled both the reports as "highly irresponsible" and a deliberate attempt to undermine the company

03 Jul — 06:55 PM

From Bloomberg Business:

1Malaysia Development Bhd. denied it had funneled funds into Prime Minister Najib Razak’s personal bank accounts, rejecting reports saying investigators believed they had found such a money trail.

“1MDB wishes to make clear that the company has never provided any funds to the prime minister,” it said in an e-mailed statement. “To suggest otherwise, as some media outlets have done, is highly irresponsible and a deliberate attempt to undermine the company.”

bloomberg.com
03 Jul — 07:10 PM

6. Meanwhile, the PMO has described the revelation in the WSJ as a continuation of the "political sabotage" against Najib, saying that despite his successful stewardship of Malaysia's economy against global headwinds, there have been concerted efforts by certain individuals to undermine confidence in the economy, tarnish the government, and remove a democratically-elected prime minister.

Image via The Malay Mail

03 Jul — 07:10 PM

From Malaysiakini:

"These latest claims, attributed to unnamed investigators as a basis to attack the prime minister, are a continuation of this political sabotage. It has been reported that criminal leaking of documents, doctoring and extortion have taken place to mislead the media and public," it added.

"So it is incumbent on responsible members of the media not to accept documents as genuine unless verified by the appropriate authorities. Regarding the allegations themselves, it must be noted that 1MDB has already stated that the company never provided funds to the prime minister," it said.

malaysiakini.com
03 Jul — 07:51 PM

7. Following the reports and responses from 1MDB and Najib, PAS has called for Najib and his wife Rosmah to declare their assets

Image via Malaysiakini

03 Jul — 07:51 PM

From The Malaysian Insider:

Its deputy president Datuk Tuan Ibrahim Tuan Man said that denial and statements from the police, Najib, or even 1Malaysia Development Berhad (1MDB) could no longer arrest the negative perception of Najib's image.

"The banks named in this declaration should bear witness to the declared accounts so that it appears credible," Tuan Ibrahim said. "Such a move will be much more effective to deal with the accusations made this time around."

"PAS also suggests that the Public Accounts Committee (PAC) hearing of 1MDB bosses be expedited," Tuan Ibrahim said.

He warned Putrajaya not to make matters worse with "suspicious" moves, referring to Putrajaya's warning issued to The Edge over its 1MDB reportage, and the decision not to make public the interim report on 1MDB by the auditor-general.

"There is a stark difference in how government agencies deal with the accusations against 1MDB, and the people who make the accusations," he said.

themalaysianinsider.com
03 Jul — 08:03 PM

8. Meanwhile, Malaysia's anticorruption agency will look into the WSJ report. "We will look into the matter," said Rohaizad Yaakob, a spokesman for the Malaysian Anti-Corruption Commission. "If there's any corruption at all, we will investigate," the WSJ reported.

Image via WSJ

03 Jul — 08:03 PM

After the Wall Street Journal report was published, the Malaysian ringgit fell to a fresh 10-year low against the U.S. dollar on 3rd July

The ringgit fell to 3.7840 to the Dollar, while the benchmark KLCI index was down 0.5%. Global investors, who own about half of Malaysian government bonds, are increasingly worried the government might have to cover 1MDB's debt. The fund at times has had to reschedule debt repayments. Investors in recent months have sold off short-term Malaysian government bonds.

News of the government probe into 1MDB and the transfers to Mr. Najib's personal accounts "keeps people cautious," said Ashley Perrot, head of pan-Asia fixed income at UBS Global Asset Management. "The ringgit today is very much the weakest currency in Asia."

wsj.com
03 Jul — 08:05 PM

The WSJ revelation comes hot on the heels of the arrest of former PetroSaudi International employee Xavier Justo. The Swiss national was detained in Thailand for allegedly attempting to blackmail his former employer.

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