Tuesday 26 January 2016

Probe clears Malaysian PM Najib, says $681 million transfer a Saudi gift | Reuters

Probe clears Malaysian PM Najib, says $681 million transfer a Saudi gift | Reuters:

"Malaysia's attorney-general cleared Prime Minister Najib Razak of any criminal offense or corruption on Tuesday, and said a controversial transfer of $681 million into his personal bank account was a gift from Saudi Arabia's royal family.

The leader of the main opposition party denounced the findings, which came after months of pressure on Najib to resign over the scandal, saying the appointment of the attorney-general by the prime minister himself suggested a conflict of interest.

The involvement of the Saudi royal family is an unexpected twist in the saga over the mysterious funds transfer and the troubles of indebted state fund 1Malaysia Development Berhad (1MDB), whose advisory board Najib chairs."



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