1MDB: WSJ’s allegations 'baseless and unproven'

20 Feb 2016 / 16:58 H.

PETALING JAYA: State investment fund 1Malaysia Development Berhad (1MDB) has rubbished claims by The Wall Street Journal (WSJ) that the RM2.6 billion channelled into Prime Minister Datuk Seri Najib Abdul Razak's private bank accounts were from companies and bank accounts related to 1MDB.
"Contrary to the Wall Street Journal's baseless and unproven allegations, 1MDB has consistently maintained that it has not paid any funds to the personal accounts of the Prime Minister.
"This has been reiterated by multiple lawful authorities including the Malaysian Anti-Corruption Commission, the Malaysian Attorney General, and various reputable international publications, who have confirmed that these funds came from Saudi Arabia," 1MDB said in a statement today.
In a recent interview with Australia's ABC News, WSJ's finance editor Ken Brown alleged that the money in Najib's accounts originated from 1MDB and was not a donation from the Saudi royal family.
He was reported to have said in the interview on Feb 12 that the newspaper had "lots of evidence" to back up the allegation.
In refuting the claim, 1MDB said WSJ's declaration that their reporting on the issue has never been called into question is "not only disingenuous but an outright lie".

sentifi.com

thesundaily_my Sentifi Top 10 talked about stocks