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$1.4 billion reportedly deposited in Malaysia PM Najib Razak's account
Sydney Morning Herald - March 1, 2016
The newspaper published the allegation hours after Malaysia's former leader Mahathir Mohamad quit his country's ruling party, saying he did not want to be associated with a group that is seen as supporting corruption under Mr Najib's leadership.
The Wall Street Journal said millions of dollars arrived in Mr Najib's accounts in 2011 and 2012, citing two people familiar with flows into the accounts and a person familiar with one overseas investigation.
Mr Najib, a British-educated son of a former Malaysian prime minister who has close ties to the Australian government, denies any wrongdoing and says the allegations are part of a plot to topple his government.
The report will intensify pressure on Mr Najib in the ruling United Malays National Organisation (UMNO) where powerful division chiefs have refused to move against him.
The Prime Minister has purged key party members who have questioned the source of the money, put a lid on investigations into his actions and cracked down on media outlets that looked into the case.
Kadir Jasin, an influential commentator in Kuala Lumpur who has supported a fierce campaign against Mr Najib, described Dr Mahathir's resignation as a "kick in the groin of UMNO". Asked about the resignation before travelling to Saudi Arabia for official meetings, Mr Najib smiled but made no comment.
Dr Mahathir, 90, who served as prime minister and president of UMNO for 22 years before stepping aside in 2003, said he has no plans to start a new party.
"I want to leave UMNO because it is no longer UMNO," he said. "It's a party dedicated to protecting Najib. I can't be a member of such a party."
Last week Muhyiddin Yassin, a prominent UMNO member and former deputy prime minister, called on Mr Najib to step down over the "dark episode" of his financial dealings involving Malaysia's heavily indebted sovereign fund 1Malaysia Development Berhad, which the prime minister founded and oversees through an advisory board. Mr Najib's loyalists in UMNO then suspended Mr Muhyiddin as UMNO's deputy president.
Mr Najib has declined to comment on the latest Wall Street Journal allegation. Malaysia's attorney-general recently claimed that US$681 million that was deposited into his accounts in 2013 was a donation from a member of Saudi Arabia's royal family, and most was returned.
But the Wall Street Journal and the London-based Sarawak Report earlier reported the money flowed through a series of international transactions from the sovereign fund. Investigations into the fund are underway in the United States, Singapore, Hong Kong and Switzerland.
Mr Najib has not directly explained the source of the money or what happened to millions of dollars that is still publicly unaccounted. But the Prime Minister has declared the matter closed and urged Malaysians to unite and move forward from the scandal that has dogged his leadership for months.
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