{"id":7761,"date":"2018-10-27T04:24:22","date_gmt":"2018-10-27T04:24:22","guid":{"rendered":"http:\/\/qatar-tourism.com\/Ar\/2018\/10\/27\/former-pm-najib-denies-wrongdoing-as-malaysia-deepens-1mdb-probe\/"},"modified":"2018-10-27T04:24:22","modified_gmt":"2018-10-27T04:24:22","slug":"former-pm-najib-denies-wrongdoing-as-malaysia-deepens-1mdb-probe","status":"publish","type":"post","link":"https:\/\/qatar-tourism.com\/Ar\/2018\/10\/27\/former-pm-najib-denies-wrongdoing-as-malaysia-deepens-1mdb-probe\/","title":{"rendered":"Former PM Najib denies wrongdoing as Malaysia deepens 1MDB probe"},"content":{"rendered":"<div id=\"body-200771816342556199\" readability=\"140.888477801\">\n<p class=\"speakable\"><strong>Kuala Lumpur, Malaysia<\/strong> &#8211; Former prime minister Najib Razak &#8211; currently facing 38 corruption charges in an ongoing investigation into troubled state fund 1MDB that spans at least six countries &#8211; admitted things &#8220;went wrong&#8221; but insisted he wasn&#8217;t involved in any wrongdoing.<\/p>\n<p class=\"speakable\">&#8220;There are things that went wrong in 1MDB,&#8221; Najib admitted in an interview with <a href=\"https:\/\/www.aljazeera.com\/programmes\/101east\/\">Al Jazeera&#8217;s 101 East<\/a> that was broadcast on Saturday.<\/p>\n<p class=\"speakable\">But he insisted even though he was prime minister and had ultimate oversight of the fund he was not aware of the <a href=\"https:\/\/www.aljazeera.com\/news\/2018\/09\/malaysian-pm-najib-hit-25-charges-1mdb-scandal-180920052727320.html\">transfer of hundreds of millions of dollars<\/a> through offshore bank accounts around the world, and had done nothing wrong.<\/p>\n<p>&#8220;My conscience is clear,&#8221; he said. &#8220;I would not receive a single cent from sources connected with 1MDB because if it&#8217;s 1MDB I would know right away it would not be the right thing to do.&#8221;<\/p>\n<p>Najib has appeared in court four times since his party lost power in May&#8217;s general election amid simmering <a href=\"https:\/\/www.aljazeera.com\/news\/2018\/09\/malaysian-pm-najib-hit-25-charges-1mdb-scandal-180920052727320.html\">public anger over 1MDB<\/a>. It was the first change in government since the country won its independence from Britain in 1957.<\/p>\n<div data-embed-type=\"Brightcove\" data-embed-id=\"5782825826001\">\n<table class=\"in-article-item video\" border=\"0\">\n<tbody readability=\"1\">\n<tr>\n<td>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td readability=\"5\">\n<p>Malaysia&#8217;s opposition pulls off shocking election win<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>This week, he appeared in court with his former treasury chief to face six counts of criminal breach of trust involving the misuse of 6.6 billion ringgit ($1.6bn) in government funds.<\/p>\n<p>&#8220;It&#8217;s something he has repeatedly said even when he was in power,&#8221; said Keith Leong, head of research at KRA Group in Kuala Lumpur.<\/p>\n<p>&#8220;[It] will likely be his main defence. There is such feeling against him. One doesn&#8217;t know what else he could say. Because this thing was so opaque,\u00a0so mysterious.&#8221;<\/p>\n<h2><strong>&#8216;Banking secrets&#8217;<\/strong><\/h2>\n<p>The former prime minister &#8211; who twice threatened to walk out of the interview &#8211; insisted the $681m found in his personal bank account was a <a href=\"https:\/\/www.aljazeera.com\/news\/2018\/07\/saudi-uae-executives-face-probe-malaysia-1mdb-scandal-180710082052877.html\">gift from a Saudi prince<\/a>, and he could not trace the source of any of the money because he &#8220;did not have access to banking secrets&#8221;.<\/p>\n<p>Investigators say that money, which was deposited into the account just before the 2013 election, was given to politicians and covered shopping sprees and credit card bills.<\/p>\n<p><span>1MDB is under investigation in at least six countries including Singapore, Switzerland and the United States.\u00a0<\/span><\/p>\n<p><span>The <a href=\"https:\/\/www.aljazeera.com\/news\/2016\/07\/1bn-assets-malaysia-1mdb-160720152528792.html\">US Department of Justice<\/a> has said more than $4.5bn was stolen by high-level Malaysian officials and their associates.<\/span><\/p>\n<p>Najib insisted he didn&#8217;t deliberately <a href=\"https:\/\/www.aljazeera.com\/news\/2016\/01\/malaysian-pm-cleared-wrongdoing-681m-donation-160126032803876.html\">close down the Malaysian investigation<\/a> by suddenly replacing the country&#8217;s attorney-general in 2015, and firing ministers who questioned what was going on at the fund.<\/p>\n<p>&#8220;I reject that totally because I am on record,&#8221; he told 101 East. &#8220;I&#8217;m on record to say that anyone who has done something wrong will be held accountable. No one is above the law.&#8221;<\/p>\n<h2><strong>&#8216;Creating value&#8217;<\/strong><\/h2>\n<p>1MDB was established as a sovereign fund in 2009 with the help of a now-infamous financier commonly known as Jho Low.<\/p>\n<p>Najib said he saw Low&#8217;s role in the fund as &#8220;creating value&#8221;.<\/p>\n<div data-embed-type=\"Brightcove\" data-embed-id=\"5804930810001\">\n<table class=\"in-article-item video\" border=\"0\">\n<tbody readability=\"1\">\n<tr>\n<td>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td readability=\"5\">\n<p>Malaysia has &#8216;almost perfect case&#8217; against ex-PM Najib Razak<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Investigators allege huge sums of money were siphoned out of the fund through a web of offshore bank accounts helping party-loving Low live a life of luxury with a private jet, a $260m ocean-going yacht, and luxury homes in New York City and Los Angeles.<\/p>\n<p>They say 1MDB money also helped fund the Leonardo di Caprio movie <a href=\"https:\/\/www.youtube.com\/watch?v=iszwuX1AK6A\">Wolf of Wall Street<\/a>, which was produced by Najib&#8217;s stepson and banned in Malaysia.<\/p>\n<p>In June, Malaysian police seized <a href=\"https:\/\/www.aljazeera.com\/news\/2018\/06\/bags-cash-jewellery-seized-najib-raid-worth-273m-180627050228196.html\">bundles of cash<\/a>, designer handbags, and jewellery in raids on a series of Najib&#8217;s properties around the capital.<\/p>\n<p><span>It took three days, six cash-counting machines, and 22 officials from the central bank to add up the money found at the premises, Amar Singh, head of the commercial crime division,<\/span> told reporters at the time.<\/p>\n<p>The cash totalled $28.9m in 26 different currencies, including the Malaysian ringgit.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kuala Lumpur, Malaysia &#8211; Former prime minister Najib Razak &#8211; currently facing 38 corruption charges in an ongoing investigation into troubled state fund 1MDB that spans at least six countries &#8211; admitted things &#8220;went wrong&#8221; but insisted he wasn&#8217;t involved in any wrongdoing. &#8220;There are things that went wrong in 1MDB,&#8221; Najib admitted in an&hellip;<\/p>\n","protected":false},"author":4,"featured_media":7762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-7761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2","has_thumb"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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