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02

Malaysian State Investment Firm Denies Funneling Funds Into PM’s Accounts

By Tony Seruga

Malaysia's Prime Minister Najib Razak Najib Razak, Malaysia’s prime minister. Photographer: Goh Seng Chong/Bloomberg

1Malaysia Development Bhd. denied it had funneled funds into Prime Minister Najib Razak’s personal bank accounts, rejecting reports saying investigators believed they had found such a money trail.

Documents showed about $700 million of funds may have moved through government agencies, banks and companies linked to state investment company 1MDB before apparently appearing in Najib’s accounts, the Wall Street Journal reported, citing documents from a government probe. The Prime Minister’s Office told Bloomberg News it will respond to the report on Friday…

Malaysian State Investment Firm Denies Funneling Funds Into PM’s Accounts

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