Malaysian fund rejects report it gave PM Najib Razak over $1 billion 
Share this on

Malaysian fund rejects report it gave PM Najib Razak over $1 billion 

KUALA LUMPUR, Malaysia (AP) — A Malaysian state investment fund has insisted it did not provide any money to Prime Minister Najib Razak, rejecting a report that more than $1 billion was transferred into his personal bank accounts and that most probably come from the fund.

The Wall Street Journal reported Tuesday that hundreds of millions of dollars more than previously identified was transferred into Najib’s accounts.

The 1MDB investment fund said in a statement Tuesday that it has never paid money into Najib’s personal accounts.

It accused the Wall Street Journal of not offering evidence to back its claims and relying on anonymous sources.

Malaysia’s attorney general said in January that $681 million deposited in Najib’s accounts was a donation from Saudi Arabia’s royal family and involved no wrongdoing by the prime minister.

Topics covered: