More than US$1 billion deposited into Najib’s accounts, reports WSJ

The Wall Street Journal continued with its expose of Datuk Seri Najib Razak's bank accounts, reporting today that the prime minister received more than US$1 billion – hundreds of millions more than previously identified. The US-based business daily said its sources said global investigators believed much of it originated with a state investment fund, 1Malaysia Development Bhd (1MDB). The WSJ began its expose of Najib's personal bank accounts last July but has yet to be sued by the prime minister, who has denied all allegations. Attorney-General Tan Sri Mohamad Apandi Ali said in January there was insufficient proof to charge Najib with any wrongdoing over the US$681 million found in his bank accounts. But WSJ said the investigators' belief contradicted the A-G's conclusion. The A-G had said that US$681 million deposited to Najib's account was a legal donation from a member of Saudi Arabia's royal family and most was returned. Apandi said there was nothing improper and it was time to stop scrutinising the deposits, a notion echoed by Najib. – March 1, 2016. MORE TO COME  ]]>