Malaysians seek answers on RM2.67 billion in Najib’s accounts

Malaysians now know that Prime Minister Datuk Seri Najib Razak had two bank accounts at AmIslamic Bank, confirmed by the special government task force probing into The Wall Street Journal’s allegations that some US$700 million (RM2.67 billion) was channelled into these personal accounts.

We also know the accounts have since been closed, as stated by the task force.

However, to date Najib has not commented directly on the fund transfers to his accounts. He has only issued a denial, saying he has not taken any public funds for personal use.

The questions yet to be answered conclusively are whether the RM2.67 billion was indeed transferred to these accounts, and if so, where the money came from, and what it was used for.

Here is a recap of events following the WSJ report on July 2:

* The WSJ reported that US$681 million (RM2.6 billion) originating from Tanore Finance, a company in the British Virgin Islands, was deposited into Najib’s accounts in two transactions on March 21 and 25 in 2013, ahead of the May general election.

* Another US$11.1 million was deposited in a local transfer, originating from SRC International Sdn Bhd, a company owned by the Finance Ministry and a former subsidiary of 1Malaysia Development Bhd (1MDB). The funds were transferred in three tranches between December 2013 and February 2014.

Malaysians seek answers on RM2.67 billion in Najib’s accounts
11 July 2015 – TMI


0 Responses to “Malaysians seek answers on RM2.67 billion in Najib’s accounts”

  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

What happened to 1MDB’s money? – CNBC Video
Nuclear lessons for Malaysia (Part 1) (Part 2)
BN govt is directing attention to distant past and distant future, in order to distract people from present misdeeds and poor governance
Felda - A picture is worth a thousand words
How the 1MDB Scandal Spread Across the World (WSJ)
We cannot afford ridiculously expensive RM55 Billion ECRL!
All that is necessary
for the triumph of evil
is for good men
to do nothing.

- Edmund Burke
When the people
fears their government,
there is TYRANNY;
when the government
fears the people,
there is LIBERTY.

- Thomas Jefferson
Do you hear the people sing?



%d bloggers like this: