Quantcast
Viewing all articles
Browse latest Browse all 1911

So... what's brewing, Mr AG?

A special task force has conducted raids on three companies named in news reports as part of a financial trail linking 1MDB funds to billions being deposited in two private bank accounts in the prime minister’s name.

The three companies are SRC International Sdn Bhd, Gandingan Mentari Sdn Bhd and Ihsan Perdana Sdn Bhd, the Attorney-General, Abdul Gani Patail, said Saturday.

The special task force visited their offices yesterday and obtained more documents, after the Wall Street Journal reported that the three companies had been involved in transactions by which more than US700million in 1MDB funds had ended up in the two bank accounts with AmBank Private Banking.

Gani said he had received investigation papers from the task force, gone through the documents and given the task force further advice and directives.

The task force comprises officers of the Malaysian Anti-Corruption Commission, police and Bank Negara Malaysia. They are investigating the financial dealings and investments of 1Malaysia Development Bhd, an investment company fully-owned by the finance ministry, which is reported to have debts of RM42 billion.

Gani urged all parties involved in the investigations not to give out any statements that could “confuse the public”.

He said he was confident that the involvement of all these agencies “would help the investigation proceed professionally and meticulously” and that the investigation will focus on all aspects that had been brought up.

News of the task force’s actions came hours after the deputy prime minister, Muhyiddin Yassin, was reported to have called for the Journal’s allegations to be investigated.

1MDB has been the subject of intense public scrutiny for months, placing great pressure on Najib, who is also finance minister and chairman of the 1MDB advisory board.

I believe each and every one of us should stop speculating until Gani comes up with the full report.

If Najib wants to lodge a police report on WSJ, Sarawak Report and other media, may as well he proceed now than later...


Viewing all articles
Browse latest Browse all 1911

Trending Articles