Date
17 October 2017
Members of the Malaysian opposition hold a sit-in at the Houses of Parliament Tuesday after allegations emerged of fund transfers to the prime minister's bank accounts. Photo: AFP
Members of the Malaysian opposition hold a sit-in at the Houses of Parliament Tuesday after allegations emerged of fund transfers to the prime minister's bank accounts. Photo: AFP

Malaysia freezes bank accounts in Najib cash probe

Malaysian authorities have ordered six bank accounts to be frozen in connection with an investigation into alleged fund transfers to bank accounts of Prime Minister Najib Razak.

A joint statement issued Tuesday by Attorney General Abdul Gani Patail, central bank governor Zeti Akhtar Aziz, Inspector General of Police Khalid Abu Bakar and the chief of the Malaysian Anti-Corruption Commission, Abu Kassim Mohamed, also said authorities took documents relating to 17 accounts from two banks to assist the investigation.

The statement said other documents relating to noncompliance with banking regulations have also been retrieved.

It didn’t disclose the identities of the banks or the owners of the accounts that were being investigated.

At least one of the frozen bank accounts belonged to Najib, The Wall Street Journal reported, citing an unnamed person aware of the probe.

The newspaper reported Friday that Malaysian government investigators looking into troubled state investment fund 1Malaysia Development Bhd’s activities had traced almost US$700 million of deposits into what they believe are Najib’s personal accounts.

Najib has described the allegations as an attempt by his political opponents to tarnish his name.

– Contact us at [email protected]

RA/FL

EJI Weekly Newsletter

Please click here to unsubscribe