KUALA LUMPUR (July 3): 1Malaysia Development Bhd. denied it had funnelled funds into Prime Minister Najib Razak’s personal bank accounts, rejecting reports saying investigators believed they had found such a money trail.

Documents showed about US$700 million ($945 million) of funds may have moved through government agencies, banks and companies linked to state investment company 1MDB before apparently appearing in Najib’s accounts, the Wall Street Journal reported, citing documents from a government probe. The Prime Minister’s Office told Bloomberg News it will respond to the report on Friday.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook