Malaysia
WSJ leaks not covered in interim report, PAC says
PAC chairman Datuk Nur Jazlan Mohamed speaks to member of the media during a press conference at Parliament in Kuala Lumpur, July 9, 2015. u00e2u20acu201d Picture by Yusof Mat Isa

PAC chairman Datuk Nur Jazlan Mohamed said the probe only covered documents spanning from 2010 until June 15, 2015 while the documents cited by WSJ only came up recently. “Whatever is in this report is only until June 15. Whatever happens recently is not part of this report,” Nur Jazlan told reporters at the sidelines of the A-G’s presentation of the report to PAC. This included any documents that might have been seized by the special task force that raided 1MDB’s office in Menara IMC yesterday, he added.

“Our job at PAC is basically to assist, to give the people a true picture of what is going on. In the issue of WSJ’s revelations, it is now under the investigation of the task force.

“So we also do not want to impede in their investigations and we’d rather wait until their investigation is complete. Then we can call them to basically give us a briefing on what actually went on,” said Nur Jazlan.

In a report last Friday, the WSJ, citing documents from Malaysian investigators currently scrutinising the troubled 1MDB’s financials, claimed that a money trail showed that US$700 million (RM2.6 billion) were moved between government agencies, banks and companies before it ended up in Najib’s accounts.

The largest two transactions, it said, were for US$621 million (RM2.3 billion) and US$61 million allegedly made in March 2013, shortly before the tumultuous Election 2013 in May.

A further transfer of RM42 million, purportedly made into Najib’s account at the end of 2014 and the beginning of 2015, is believed to have come from SRC International Sdn Bhd, a former subsidiary of 1MDB that was in 2012 parked under the Finance Ministry that Najib heads, WSJ said.

A special task force has since been formed to investigate 1MDB, comprising the Attorney-General’s Chambers, Bank Negara Malaysia, the police and the Malaysian Anti Corruption Commission (MACC).

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