Malaysia
‘Truth will prevail’, 1MDB says after MACC clears RM2.6b in Najib’s account
1MDB Chief Executive Arul Kanda Kandasamy speaks to journalists at Menara IMC, 1Malaysia Development Berhads office, in Kuala Lumpur, July 8, 2015. u00e2u20acu201d Picture by Yusof Mat Isa

KUALA LUMPUR, Aug 4 — Sovereign fund 1Malaysia Development Berhad (1MDB) said today it “welcomed” Malaysian Anti-Corruption Commission’s (MACC) statement that the RM2.6 billion deposited in Datuk Seri Najib Razak’s personal accounts in 2013 had came from donors.

It added that MACC’s announcement yesterday confirmed that no monies from 1MDB’s fund or its subsidiaries were transferred to the prime minister’s bank accounts.

“We have always maintained that the company has never provided any funds to the Prime Minister as per our media statement on 3 July 2015, confident that the truth will prevail,” 1MDB president and group chief executive Arul Kanda Kandasamy said in a statement.

“To continue to suggest otherwise, as PKR secretary-general Rafizi Ramli did in his blog yesterday, is highly irresponsible and a deliberate attempt to undermine the company.

“This is despite 1MDB publishing  on 3 June 2015 a summary of what the RM42 billion debt has been used for, information that is fully disclosed in 1MDB’s audited and publicly available accounts from 31 March 2010 to 31 March 2014.”

Before MACC’s announcement yesterday, Rafizi had predicted that a new narrative would likely emerge over the next few days to describe the large deposits as a mere financial “contribution”.

MACC then confirmed yesterday that RM2.6 billion had been deposited into Najib’s accounts, but said the funds came from “donors” and not 1MDB as previously alleged.

In a statement to announce its findings, the MACC did not, however, disclose the identities of these donors or the purpose of the contribution, as well as how the money was spent.

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