Don't fall for WSJ report on 1MDB's US$850m, says DPM

Deputy Prime Minister Ahmad Zahid Hamidi today urged the people not to fall for the latest report by the Wall Street Journal (WSJ), which cited an unknown source in explaining how US$850 million was transferred from 1MDB.

"We should not fall for the information of the relevant media, we should not punish (1MDB) based on unverified source.

"Thus, I feel it is better for us to let the investigating bodies in Malaysia to probe so the truth will be known.

"High-level credentials should be given to the investigating bodies," he said in a press conference.

In its Dec 17 report, the US-based daily said 1MDB fund was sent to 'Aabar Investments PJS Ltd', which closely resembles the name of Abu Dhabi International Petroleum Investment Co's (IPIC) subsidiary - Aabar Investment PJS.

WSJ reported the news based on documents reviewed by the publication and those familiar with the matter.

However, Zahid today made no effort to deny or admit the authenticity of the news.

[More to follow]

-Mkini