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16

New twist in 1MDB saga prompts call for RCI

Rafizi: New twist in 1MDB saga prompts call for RCI

PETALING JAYA: PKR’s Rafizi Ramli wants a Royal Commission of Inquiry (RCI) into 1MDB and for Prime Minister Najib Razak to take leave from office, citing new revelations in the 1MDB saga.

In a statement, the Pandan MP said the new revelations were published in an article by Singapore’s TodayOnline, in which the island republic’s Second Solicitor-General Quek Mean Luck said the latest charges against Yeo Jiawei were related to the transfer of funds involving SRC International.

Yeo is a former private banker involved in a probe into 1MDB.

Rafizi said this was the first solid evidence linking funds from 1MDB to its former subsidiary SRC International, which took a RM4 billion loan from the Retirement Fund Incorporated (KWAP) before SRC was taken over by the Ministry of Finance Incorporated.

“Any transfer of funds in and out of SRC International is sensitive as funds from this company were eventually transferred into Najib’s personal account.

“The latest developments in Singapore mean that the Singapore Government is prosecuting a bank officer who may have managed funds linked to the prime minister.”

Rafizi said this exposed Najib to speculation because the direction of the investigations or prosecution by the Singapore Government of the case might have a direct or indirect effect on Najib’s position as prime minister.

The PKR secretary-general said to avoid exposing Malaysia to risks, specifically bilateral relations between Malaysia and Singapore as a result of the prosecution, which may include the transfer of funds involving Najib, two things should happen.

The first, Rafizi said, was the formation of an RCI into 1MDB, with its proceedings conducted transparently. This, he added, was to clear Najib’s name.

Secondly, he said, Najib should take leave from office until the investigation or prosecution by the Singapore Government was completed, and the proposed RCI had presented its report to Parliament.

…more
Rafizi: New twist in 1MDB saga prompts call for RCI
May 13, 2016 – FMT

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