Date
30 March 2017
Prime Minister Najib Razak maintains the allegations are an attempt by his political opponents to tarnish his reputation. Photo: Reuters
Prime Minister Najib Razak maintains the allegations are an attempt by his political opponents to tarnish his reputation. Photo: Reuters

Malaysian leader faces growing pressure amid probe

Malaysian Prime Minister Najib Razak is facing growing political pressure after a government investigation directly linked him to a probe of a troubled state investment fund, the Wall Street Journal reported.

Attorney General Abdul Gani Patail late last week said he had uncovered documents related to allegations that money was transferred into Najib’s personal bank accounts from the fund.

The revelation has deepened the scandal over the management of 1Malaysia Development Bhd., which has missed payments on some of the US$11 billion it owes to banks and bondholders.

The documents seen by the Journal last week didn’t note the original source of some US$700 million investigators say they believe was deposited into the premier’s accounts or what happened to it after it was allegedly deposited.

In response to the newspaper’s report, Deputy Prime Minister Muhyiddin Yassin, who is from Najib’s ruling United Malays National Organization and is regarded as his most likely challenger, said on Saturday that authorities must investigate.

“These allegations are serious because they can affect the credibility and integrity of Najib as PM and the leader of the government,” Yassin was quoted as saying.

Najib, 61, said the allegations were an attempt by his political opponents to tarnish his reputation.

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