LUMPUR
1Malaysia Development Berhad (1MDB) said yesterday that Prime Minister Najib
Razak's personal accounts in AmBank Islamic - which are alleged to have
received massive funds from 1MDB - were already closed and no longer existed.
The closure
dates were Aug 30, 2013 and March 9 this year, said a statement from the task
force led by Attorney-General Abdul Gani Patail, reported news website
Malaysiakini.
dates were Aug 30, 2013 and March 9 this year, said a statement from the task
force led by Attorney-General Abdul Gani Patail, reported news website
Malaysiakini.
The task force
was elaborating on the freeze order it issued on Monday to suspend six accounts
linked to 1MDB.
was elaborating on the freeze order it issued on Monday to suspend six accounts
linked to 1MDB.
As the media had
speculated that three of the frozen accounts belonged to Mr Najib, the latest
revelation helped put paid to such talk.
speculated that three of the frozen accounts belonged to Mr Najib, the latest
revelation helped put paid to such talk.
But it also
showed that the Prime Minister did once hold two bank accounts at AmBank,
corroborating a report last week by The Wall Street Journal (WSJ), news website
Malaysian Insider pointed out.
showed that the Prime Minister did once hold two bank accounts at AmBank,
corroborating a report last week by The Wall Street Journal (WSJ), news website
Malaysian Insider pointed out.
In that report,
WSJ claimed that US$681 million (S$920 million) was moved from Tanore Finance,
a company in theBritish Virgin Islands , into
Mr Najib's personal accounts in two transactions on March 21 and 25 of 2013.
WSJ claimed that US$681 million (S$920 million) was moved from Tanore Finance,
a company in the
Mr Najib's personal accounts in two transactions on March 21 and 25 of 2013.
Another sum of
US$11.1 million was moved in two tranches from Finance Ministry-owned SRC
International into his accounts between December last year and February.
US$11.1 million was moved in two tranches from Finance Ministry-owned SRC
International into his accounts between December last year and February.
The closures
came soon after the alleged fund transfers, said Malaysian Insider.
came soon after the alleged fund transfers, said Malaysian Insider.
Meanwhile, an
interim report on 1MDB by a bipartisan Public Accounts Committee told
Parliament that nothing suspicious had been found about the investment fund.
interim report on 1MDB by a bipartisan Public Accounts Committee told
Parliament that nothing suspicious had been found about the investment fund.
But the report
also criticised 1MDB for failing to fully co-operate in investigations, Reuters
reported.
also criticised 1MDB for failing to fully co-operate in investigations, Reuters
reported.
Mr Najib has
denied taking about US$700 million from 1MDB for his personal gain, while the
state investor has dismissed the allegations as "unsubstantiated".
denied taking about US$700 million from 1MDB for his personal gain, while the
state investor has dismissed the allegations as "unsubstantiated".
- See more at:
http://news.asiaone.com/news/malaysia/najibs-ambank-accounts-shut-freeze-order?xtor=EREC-16-1[Cxense_Newsletter]-20150710-[najibs-ambank-accounts-shut-freeze-order]&xts=542258#.dpuf
http://news.asiaone.com/news/malaysia/najibs-ambank-accounts-shut-freeze-order?xtor=EREC-16-1[Cxense_Newsletter]-20150710-[najibs-ambank-accounts-shut-freeze-order]&xts=542258#.dpuf
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