1MDB welcomes 'clear statement' on funds linked to PM Najib's accounts

Malaysia's debt-ridden state wealth fund 1Malaysia Development Berhad (1MDB) on Tuesday welcomed the Malaysian Anti-Corruption Commission's (MACC) statement that no funds were transferred to Prime Minister Najib Razak's personal accounts. 

On Monday, MACC issued a statement saying that the RM2.6 billion (US$700 million) which had been allegedly been channelled into Mr Najib's accounts were from donations and not from 1MDB. 

In July, the Wall Street Journal published reports that investigators believed about US$700 million had been channelled into the personal bank accounts of Mr Najib through entities linked to debt-ridden 1MDB.

“1MDB welcomes the clear statement from the Malaysian Anti-Corruption Commission, which confirms that no funds from 1MDB were transferred to the Prime Minister," the state wealth fund said in a statement released on Tuesday. 

"We have always maintained that the company has never provided any funds to the Prime Minister as per our media statement on Jul 3, 2015, confident that the truth will prevail."

It added: "To continue to suggest otherwise, as PKR secretary-general Rafizi Ramli did in his blog yesterday, is highly irresponsible and a deliberate attempt to undermine the company.

"This is despite 1MDB publishing on Jun 3, 2015, a summary of what the RM42 billion debt has been used for, information that is fully disclosed in 1MDB's audited and publicly available accounts from Mar 31, 2010 to Mar 31, 2014."

1MDB also released two infographics showing a breakdown of how its RM42 billion debt has been used.