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MACC says RM2.6 billion from donor, not 1MDB

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Nikita Nawawi
Written by Nikita Nawawi

KUALA LUMPUR – August 3, 2015: Malaysian Anti-Corruption Commission (MACC) today revealed that the RM2.6 billion allegedly wired into Prime Minister Datuk Seri Najib Razak’s personal account was not from the state-owned strategic investment company 1Malaysia Development Berhad (1MDB).

MACC in a press statement issued today, said the money was a contribution from a donor and that the report of the investigation had been forwarded to Attorney General Chambers.

“When the Special Task Force was formed, MACC was only focusing on issues related to SRC International and the wiring of RM2.6 billion into Najib’s account.

“The police on the other hand was in charge of 1MDB issue whereas Bank Negara Malaysia was conducting an investigation in connection with financial rules and procedures,” the statement read.

MACC, however, assured the public that investigation on SRC International’s involvement in a  RM4 billion fund is still ongoing.

SRC International was a company founded in 2011 as a 1MDB subsidiary, before being placed under the Finance Ministry in 2012.

“We guarantee that MACC will conduct the investigation independently, thoroughly and professionally,” it said.

The commission also pledged to give full cooperation to the police for investigation related to MACC officers.

It reiterates that no one in the commission is involved in any conspiracy to bring down the government.

“Every action taken by the commission was solely to perform its duty as an independent body,” the statement said.

The investigation on SRC International and Najib commenced after an allegation against the prime minister was made by New York-based daily Wall Street Journal (WSJ) last month.

WSJ had alleged that a sum of RM2.6 billion was wired into Najib’s personal account and that the money originated from companies linked to 1MDB.

SRC International has also been put under pressure for the RM4 billion loan from Malaysia’s Retirement Fund Inc, or Kumpulan Wang Persaraan (KWAP).

The Finance Ministry has yet to specify how RM3.8 billion out of the RM4 billion, loaned in 2011, was spent except that it had been invested in Indonesia, Mongolia and ‘some other countries’.

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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.