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1MDB denies CSR money transferred into PM’s account

Najib's office has described the latest allegations as part of a political sabotage.

Nikita Nawawi
Written by Nikita Nawawi

KUALA LUMPUR – July 3, 2015: 1Malaysia Development Berhad (1MDB) today refuted allegation that Ihsan Perdana Sdn Bhd had transferred the money for Corporate Social Responsibility (CSR) programs into Prime Minister Datuk Seri Najib Razak’s personal bank accounts.

Ihsan Perdana Sdn Bhd is the company in-charge of 1MDB’s CSR programs which was claimed to have wired some US$700 million (RM2.6 billion) to Najib’s accounts.

1MDB managing director who is also the Yayasan 1MDB chairman Datuk Dr Shamsul Anwar Sulaiman in a press statement said that the allegations are baseless and lies.

“Ihsan Perdana has never transferred money into any individual account including that of the prime minister.

“I strongly deny any transfer of money into the personal account of the prime minister as alleged by the media reports,” he said.

Shamsul added that the CSR projects carried out by Ihsan Perdana are fully audited and accounted for.

The statement was released in response to a report by the New York-based daily Wall Street Journal that alleging that the firm diverted funds meant for CSR programs towards the prime minister.

Earlier, 1MDB had also issued a statement denying the claims put forth by the international daily, stating that the company had never provided any funds to Najib’s accounts.

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About the author

Nikita Nawawi

Nikita Nawawi

Nikita Nawawi is an up-and-coming writer who started his involvement in the media industry serving established local English daily, before joining The Mole in October 2014 as journalist.