RM2.6 billion donation just another twist in 1MDB tale, critics say

RM2.6b donation just another twist in 1MDB tale, critics say

KUALA LUMPUR, Aug 4 — Datuk Seri Najib Razak still has a ways to go to disentangle himself from the complicated 1Malaysia Development Berhad (1MDB) web, several opposition leaders said after graftbusters confirmed yesterday that the state investor had not pumped RM2.6 billion into the prime minister’s accounts.

They said the revelation neither exonerated Najib nor solved the mystery of 1MDB’s reported RM42 billion debt pile, but had instead given Malaysians more questions to rain on the embattled prime minister.

“How does MACC (Malaysian Anti-Corruption Commission) know it’s not from 1MDB? Where has the money gone and was it used for the 13th general election? And who were the political parties and candidates that received the money?” asked DAP parliamentary leader Lim Kit Siang after the MACC’s vague explanation on the RM2.6 billion yesterday.

In its statement, the commission had confirmed that the sum was deposited into Najib’s accounts but it said it came from “donors and not 1MDB”.

Although the MACC kept mum on the donors’ identities and how the contribution was spent, its conclusion did, however, finally lay to rest weeks of debate over the truth behind the July 2 expose by the Wall Street Journal (WSJ) that first mentioned the deposits.

In its article, the international business daily had cited documents from the 1MDB probe that it said showed how investigators had traced the money to Najib’s accounts.

The contents of the report had set tongues wagging here and forced government leaders to urge for calm as a special taskforce of top enforcement agencies including the MACC looked into the claims.

To PKR’s Rafizi Ramli, however, MACC’s explanation on the RM2.6 billion solved nothing in the 1MDB mystery.

“The new statement from MACC will not change anything and Najib’s accountability to the public in regards to 1MDB.

“He has yet to explain WSJ allegations, the SRC International transfers, even though MACC reaffirms that it is still looking into SRC transfers,” the PKR secretary-general told Malay Mail Online, referring to 1MDB’s former subsidiary.

“Whatever it is, there is no amount of spin that can take away the controversy of RM2.6 billion worth of funds that went into the prime minister’s personal account, regardless the origin of the money or what the account was used for.”

Rafizi also said he was vindicated as he had predicted earlier yesterday that a new narrative would likely emerge over the next few days to describe the large deposits as a mere financial “contribution”.

Another lawmaker, PAS’s Parit Buntar MP Datuk Dr Mujahid Yusof Rawa, said the controversy over the funds was not merely whether it had come from 1MDB, but also the purpose of such a large contribution.

“Why did someone put such a large amount into his account? We are talking about billions.

“We need to find out who gave the money, why they gave the money and where it went,” he told Malay Mail Online.

RM2.6b donation just another twist in 1MDB tale, critics say
August 4, 2015 – MMO


0 Responses to “RM2.6 billion donation just another twist in 1MDB tale, critics say”

  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: