Thursday, March 31, 2016

WSJ: Nazir confirms getting US$7m from Najib


  
CIMB chairperson Nazir Abdul Razak has reportedly confirmed receiving nearly US$7 million (RM27.5 million) from his brother, Prime Minister Najib Abdul Razak.
Nazir confirmed to The Wall Street Journal in a written statement that he did receive the sum, which he said was then disbursed by his CIMB staff to ruling-party politicians according to the instructions of party leaders.
However, Nazir told WSJ, he believed the money was from donations he helped raise from Malaysian corporations and individuals for the elections, and is not sure of any other source of the funds.

“I had no knowledge whatsoever that these funds may have originated from any other source(s),” he is quoted as saying in the WSJ report today.
“The entire amount was paid out in cash to various recipients according to the instructions of the party (Umno) president (Najib) and the account was closed with a zero balance,” he added.
WSJ said it sighted Malaysian investigation documents, which it claimed indicated that “the majority” of the funds in the accounts originated from 1MDB, according to the investigators.
The report also details various personal expenses that it claims are revealed in the documents.
WSJ added that a spokesperson for CIMB declined to comment when contacted. Malaysiakini has also contacted Nazir and is awaiting his response.
The report also said that another transfer of almost US$70,000 (RM275,000) went to the prime minister’s son, Norashman Najib, on July 4, 2014.
Malaysiakini has also contacted Norashman and is awaiting his response.


Read more: https://www.malaysiakini.com/news/335945#ixzz44Rx0r6K5

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