Malaysia PM involved in US corruption inquiry – report

2015-09-22 11:50
Prime Minister Najib Razak  (File: AFP)

Prime Minister Najib Razak (File: AFP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Kuala Lumpur - A US federal grand jury is examining allegations of corruption involving Malaysian Prime Minister Najib Razak and individuals close to him, the New York Times reported on Monday, quoting anonymous sources.

The inquiry, run by a unit of the justice department that probes international corruption, is centred on US properties bought in recent years by Najib's stepson and properties relating to "a close family friend", the newspaper said.

It is also examining an allegation that $681m was deposited into Najib's personal bank account, the New York Times added.

Calls for comment from Najib's office went unanswered.

The alleged $681m deposit had surfaced in July in a report in The Wall Street Journal, which said it had been uncovered by Malaysian investigators probing allegations of graft and mismanagement at sovereign wealth fund 1Malaysia Development Bhd (1MDB).

Reuters has not verified the Wall Street Journal report.

Najib has denied taking any money for personal gain, and 1MDB has denied transferring funds to him. An interim government report found nothing suspicious.

The US investigation is still at an early stage and could take years to determine if any federal laws were broken, the New York Times said.

Najib faces pressure at home to step down from his post over the 1MDB scandal. He chairs the fund's advisory board.

1MDB is seeking to cut its $11bn debt by selling power and property assets.

Read more on:    najib razak  |  malaysia  |  us

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.