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Funds in PM's account from donors, not from state fund: Malaysian anti-graft watchdog

Xinhua, August 4, 2015 Adjust font size:

The funds deposited into Malaysian Prime Minister Najib Razak's account came from donors instead of 1MDB, a debt-laden state investment company, Malaysian Anti-Corruption Commission (MACC) said Monday in a statement. "Results of the investigation have found that the RM2.6 billion which was allegedly transferred into the account belonging to Prime Minister Datuk Seri Najib Tun Razak came from the contribution of donors, and not from 1MDB," it said.

The statement didn't elaborate on the donors or the reason why the funds have been transferred into the prime minister's personal account.

It said that the police were carrying out investigations related to 1MDB while Bank Negara Malaysia focused its probe on financial procedures.

The Wall Street Journal reported earlier that some 700 million dollars related to 1MDB had been transferred into Najib's personal account. Najib has denied taking any public fund for "personal gains," and his legal team is mulling legal action against the Wall Street Journal. The country's longest serving Prime Minister Mahathir Mohamad, a former mentor of Najib, has openly called on him to step down.

During a cabinet reshuffle at the end of last month, Najib appointed Ahmad Zahid Hamidi to replace Muhyiddin Yassin as his new deputy. Some local analysts have considered Muhyiddin as a potential candidate to succeed Najib if he steps down. Muhyiddin has also called on Najib to take the lead to explain the 1MDB issue to the people. Endi