Malaysia PM’s lawyers send letter to WSJ over 1MDB funds report
Share this on

Malaysia PM’s lawyers send letter to WSJ over 1MDB funds report

The net tightened on Malaysia’s Prime Minister Wednesday, even as he instructed his lawyer to send a letter to the Wall Street Journal asking it for further information on its report that hundreds of millions of dollars were transferred from a state investment fund to his personal accounts.

“I have instructed my lawyers sent a letter to the Wall Street Journal today to ask for confirmation about the newspaper report before taking legal action,” Najib said in a statement (in Malay).

It added: “The lawyer is asking Wall Street Journal to confirm the newspaper’s stance on reports that have accused me of abusing US$700 million fund owned by 1Malaysia Development Berhad… My lawyer will take further action after receiving confirmation from the newspaper.”

He also reiterated that “he as never taken 1MDB funds” in the statement.

Meanwhile, Malaysian authorities raided 1MDB offices Wednesday as part of their investigations into the allegations.

1MDB in a statement says it is extending full cooperation and has provided documents and materials to investigating officers visiting its office Wednesday.

The fund, which denied it gave money to Najib, says legal action should be taken if any wrongdoing was found.

The country’s attorney-general confirmed on the weekend he had received documents from investigators that linked Najib and 1MDB.

The existence of the documents, which allegedly show $700 million was wired from entities linked to 1MDB into Najib’s accounts, was first reported by The Wall Street Journal on Friday.

On Tuesday, Malaysian authorities froze six bank accounts as part of the investigation.

Additional reporting form Associated Press