{UAH} Swiss say $4bn may be missing from Malaysia state fund - Al Jazeera English
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1:18 PM |
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Malaysian Prime Minister Najib Razak has been under heavy political pressure over allegations that hundreds of millions of dollars were missing from deals involving 1MDB.
He has for months denied accusations that huge payments into his own bank accounts -- just before a hotly contested 2013 general election -- were syphoned from the now-struggling state-owned company.
Najib was cleared of corruption on Tuesday when Malaysia's attorney general said the Saudi royal family was the source of the $681 million "donation" to his personal accounts. Najib returned $620m to the Saudis as the money was not used, attorney general Mohamed Apandi Ali said.
The announcement triggered derision and fresh questions in a country well-used to graft allegations.
http://www.aljazeera.com/news/2016/01/swiss-4bln-missing-malaysian-state-fund-160130041005218.html
Sincerely,
Brian M. Kwesiga
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He has for months denied accusations that huge payments into his own bank accounts -- just before a hotly contested 2013 general election -- were syphoned from the now-struggling state-owned company.
Najib was cleared of corruption on Tuesday when Malaysia's attorney general said the Saudi royal family was the source of the $681 million "donation" to his personal accounts. Najib returned $620m to the Saudis as the money was not used, attorney general Mohamed Apandi Ali said.
The announcement triggered derision and fresh questions in a country well-used to graft allegations.
http://www.aljazeera.com/news/2016/01/swiss-4bln-missing-malaysian-state-fund-160130041005218.html
Sincerely,
Brian M. Kwesiga
--
Disclaimer:Everyone posting to this Forum bears the sole responsibility for any legal consequences of his or her postings, and hence statements and facts must be presented responsibly. Your continued membership signifies that you agree to this disclaimer and pledge to abide by our Rules and Guidelines.To unsubscribe from this group, send email to: ugandans-at-heart+unsubscribe@googlegroups.com
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