29 Dec '15, 9am

1MDB and the Money Network of Malaysian Politics - by Tom Wright and Bradley Hope (WSJ)

by Tom Wright and Bradley Hope Wall Street Journal Dec. 28, 2015 Prime Minister Najib Razak tapped wealth fund to ease ruling-party’s victory KUALA LUMPUR — Malaysian Prime Minister Najib Razak was fighting for his political life this summer after revelations that almost $700 million from an undisclosed source had entered his personal bank accounts. Under pressure within his party to resign, he called together a group of senior leaders in July to remind them everyone had benefited from the money. The funds, Mr. Najib said, weren’t used for his personal enrichment. Instead, they were channeled to politicians or into spending on projects aimed at helping the ruling party win elections in 2013, he said, according to a cabinet minister who was present. “I took the money to spend for us,” the minister quoted Mr. Najib as saying. It still isn’t clear where the $700 million came ...

Full article: http://blog.limkitsiang.com/2015/12/29/1mdb-and-the-money...

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1MDB and the Money Network of Malaysian Politic...

blog.limkitsiang.com 29 Dec '15, 9am

by Tom Wright and Bradley Hope Wall Street Journal Dec. 28, 2015 Prime Minister Najib Razak tapped wealth fund to ease rul...

Prime Minister Najib Razak and the Money Network Of Malaysian Politics

Prime Minister Najib Razak and the Money Networ...

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