Tuesday, March 1, 2016

1MDB refutes US$1bil payment to Najib

State investment fund 1Malaysia Development Berhad (1MDB) has once again denied that it had paid any funds into the personal accounts of Prime Minister Datuk Seri Najib Tun Razak.

The Wall Street Journal had on Monday reported that deposits into the personal accounts of Najib totalled more than US$1bil (RM4.16bil), with global investigators believing that much of it originated from 1MDB.

“It has been reiterated by multiple lawful authorities including the Malaysian Anti-Corruption Commission, the Malaysian Attorney-General, and various reputable international publications, who have confirmed that these funds came from Saudi Arabia,” 1MDB said in a statement Tuesday. 

The company said that while the Wall Street Journal continues to repeat the same disproven allegations, the publication has not offered any conclusive evidence to support its claims, with its information from unnamed and anonymous sources. 

“This reliance on anonymous sources, who may or may not exist, betrays a lack of basic journalistic standards on the part of the Wall Street Journal and the fact that the publication has lost all semblance of balanced reporting,” said 1MDB.

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