Nash Jenkins
Time
3rd March 2015
Najib Razak is accused of siphoning more than a billion dollars from a struggling state fund
Malaysian Prime Minister Najib Razak continues to dismiss allegations that he embezzled funds from a struggling state development fund, even after new evidence reportedly links upwards of a billion dollars in deposits from the fund into his personal accounts.
Najib has been the subject of unprecedented controversy since last July, when the Wall Street Journal and investigative news website Sarawak Report published documents tracing nearly $700 million from the ledgers of 1Malaysia Development Berhad (1MDB) to Najib’s private bank accounts. On Monday, the Journal reported that antigraft investigators believed the sum in Najib’s accounts was in fact higher than initially stated — totaling more than $1 billion.
Najib’s office released a statement in response to the article, condemning the Journal as a “willing vehicle for certain political actors who are seeking to damage the Prime Minister and Malaysia for personal gain,” but not commenting directly on the matter of the finances. Continue reading “Corruption Allegations Continue to Build Against Malaysia’s Prime Minister”