1MDB denies funding Najib

Zaidi Azmi
Written by Zaidi Azmi

KUALA LUMPUR – July 3, 2015: 1Malaysia Development Berhad (1MDB) has clarified that the government owned investment firm has never provided any fund for Prime Minister Datuk Seri Najib Razak.

The clarification, in response to an article published in a socio-political blog, Sarawak Report, claiming that a total of RM 2.6 billion was transferred to Najib’s private account from 1MDB.

1MDB in a statement today refuted the accusation, saying that the so-called ‘leaked documents’ used as the basis of the article have been tampered.

It said that the tampered documents were then used to mislead the public and justify spurious allegations against the company and the government.

“According to press reports, these documents were found to have been tampered with, and were being used by an individual – who is currently under arrest in a foreign country – to extort and blackmail his former employer.

“We are therefore surprised that documents such as these, whose existence and authenticity have not been publicly verified; continue to be used as a basis to create new unsubstantiated allegations against 1MDB.”

Last month, a former PetroSaudi Limited official, Xavier Andre Justo, was arrested in Koh Samui island by the Thai police, following the issuance of an arrest warrant by the Southern Bangkok Criminal Court.

Justo was reported to have allegedly tried to extort money from PetroSaudi by threatening to disclose confidential business information detailing business transactions between PetroSaudi and 1MDB.

Those documents, believed to have been tampered with, have allegedly been the basis for a series of articles by Sarawak Report and other media outlets on the 1MDB issue.

1MDB is currently cooperating with a number of enquiries being conducted by lawful authorities including the Auditor-General, the Public Accounts Committee and Bank Negara.

“These authorities have all the relevant information, and we request all parties to await the outcome of their findings before making further allegations and rushing to judgement.”

1MDB has been under siege for the past several months due to its accumulated RM42 billion debt.



About the author

Zaidi Azmi

Zaidi Azmi

If Zaidi Azmi isn’t busy finding his way in the city, this 26-year-old northern kampung boy can be found struggling to make sense of the Malaysian political scene. Zaidi can be reached at zaidiazmi91@gmail.com.