Home / Malaysia / 1MDB examine finds $15M oppulance spending by Malaysia’s PM: WSJ

1MDB examine finds $15M oppulance spending by Malaysia’s PM: WSJ

Malaysia’s embattled Prime Minister Najib Razak spent as most as $15 million on oppulance items, according to bank-transfer information from a Malaysian investigation, The Wall Street Journal reported Thursday.

The money—linked to Najib’s private bank accounts that tellurian investors trust perceived millions of dollars diverted from a uneasy state-investment fund—was spent on clothes, valuables and a car, according to a bank-transfer information, involving stores in a U.S., Malaysia, Italy and elsewhere, a WSJ reported.

In Jul of final year, a WSJ reported allegations that scarcely $700 million had flowed from 1Malaysia Development Bhd., or 1MDB, to Najib’s personal bank comment in 2013.

Najib has regularly denied wrong-doing and, underneath vigour from a WSJ report, pronounced during a time a supports were a private concession from a Middle Eastern nation he declined to name. He has denied benefiting privately from any of a funds.

Article source: http://www.cnbc.com/2016/03/30/1mdb-probe-finds-15m-in-luxury-spending-by-malaysia-pm-najib-razak-wsj.html

InterNations.org