Malaysia Lawmakers Told Funds in Najib's Accounts Were Donations - Bloomberg Business

Malaysia Lawmakers Told Funds in Najib's Accounts Were Donations - Bloomberg Business:

"Funds of more than $600 million that turned up in Malaysian Prime Minister Najib Razak’s private bank accounts were donations and not from a troubled state investment company, the government said Thursday in an explanation to parliament.
The much-awaited statement to lawmakers largely repeated prior remarks from ministers about the scandal, which has dogged the ruling coalition for more than four months and led to periodic drops in stocks and the ringgit.
Investigations are ongoing and it would breach the law to comment further, Deputy Prime Minister Zahid Hamidi said in the address made on Najib’s behalf. Lawmakers including some from Najib’s own party have sought an explanation for the funds that appeared in the premier’s accounts before general elections in 2013. The speaker of the house said after Zahid’s statement that no questions were allowed."



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