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Friday, February 19, 2016

1MDB denies WSJ man’s claim of funds transfer to PM

KUALA LUMPUR - A Wall Street Journal (WSJ) editor's allegation that billions flowed from corporations related to 1Malaysia Development Bhd (1MDB) into the prime minister's accounts are baseless and unproven, the state-owned firm said today. 

Responding to WSJ editor Ken Brown's interview on US-based ABC News yesterday, the firm said the claims that it was the source of the RM2.6 billion found in the prime minister's accounts have been repeatedly repudiated.

“This 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.

“To therefore suggest, as the Wall Street Journal has, that their reporting on this matter has never been called into question is not only disingenuous but an outright lie,” 1MDB said in a statement today.

In the interview with ABC News, Brown alleged that the RM2.6 billion did not originate from Saudi Arabian donors, but from firms and bank accounts linked to 1MDB.

He further asserted that the WSJ's account of the controversy has yet to be challenged.

Attorney-General Tan Sri Mohd Apandi Ali last month announced that he found no evidence of wrongdoing in the corruption probes on SRC International, a former 1MDB unit, and the transfer of a RM2.6 billion into Prime Minister Datuk Seri Najib Razak's private accounts.

The RM2.6 billion was described as a political donation from a “son” of the late Saudi monarch King Abdullah bin Abdulaziz Al Saud.

Apandi then directed the Malaysian Anti-Corruption Commission (MACC) to close both cases.

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