US to charge Malaysia businessman in 1MDB scandal: report

Allegations that huge sums were misappropriated from the Malaysian state investment fund 1MDB have triggered a scandal which has buffeted Prime Minister Najib Razak, who founded 1MDB, though the leader has denied any wrongdoing.

US to charge Malaysia businessman in 1MDB scandal: report

World Bulletin / News Desk

US authorities plan to file criminal charges against a businessman suspected to be at the centre of a major corruption scandal that has embroiled Malaysia's prime minister, the Wall Street Journal reported.

Najib is a family friend of Malaysian financier Low Taek Jho, also known as Jho Low, against whom the US plans to file criminal charges of wire fraud and money-laundering, according to the report published on Tuesday.

The planned charges against Low will be separate from civil proceedings filed by the US Justice Department to seize more than $1 billion in assets believed bought with funds siphoned from 1MDB, the report added, citing people familiar with the matter.

Speaking at a global business forum in Kuala Lumpur on Wednesday, Najib did not mention the 1MDB scandal or the Wall Street Journal report, but accused his political opponents of creating "false propaganda" that the country is on the verge of bankruptcy.

"This running down of Malaysia is nothing less than economic sabotage for selfish, personal political gain," he said.

"If it affects perceptions abroad, it won't be opposition politicians who will suffer. It will be ordinary Malaysians."

Global investigators from about 10 countries believe that billions of dollars were extracted from 1Malaysia Development Bhd, set up by Najib in 2009.

US authorities plan to file criminal charges against a businessman suspected to be at the centre of a major corruption scandal that has embroiled Malaysia's prime minister, the Wall Street Journal reported.

Allegations that huge sums were misappropriated from the Malaysian state investment fund 1MDB have triggered a scandal which has buffeted Prime Minister Najib Razak, who founded 1MDB, though the leader has denied any wrongdoing.

Najib is a family friend of Malaysian financier Low Taek Jho, also known as Jho Low, against whom the US plans to file criminal charges of wire fraud and money-laundering, according to the report published on Tuesday.

The planned charges against Low will be separate from civil proceedings filed by the US Justice Department to seize more than $1 billion in assets believed bought with funds siphoned from 1MDB, the report added, citing people familiar with the matter.

Speaking at a global business forum in Kuala Lumpur on Wednesday, Najib did not mention the 1MDB scandal or the Wall Street Journal report, but accused his political opponents of creating "false propaganda" that the country is on the verge of bankruptcy.

"This running down of Malaysia is nothing less than economic sabotage for selfish, personal political gain," he said.

"If it affects perceptions abroad, it won't be opposition politicians who will suffer. It will be ordinary Malaysians."

Global investigators from about 10 countries believe that billions of dollars were extracted from 1Malaysia Development Bhd, set up by Najib in 2009.

 

Güncelleme Tarihi: 22 Mart 2017, 10:18
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