An investigation by Malaysia's national anti-corruption body has found that the $700 million deposited into Prime Minister Najib Razak's account came from donors instead of debt-laden state development fund -1Malaysia Development Berhad (1MDB).
"The result of the investigation found that the fund totalling RM2.6 billion allegedly deposited into the accounts of Prime Minister Datuk Seri Najib Razak was a contribution from donors, and not from 1MDB," Malaysian Anti-Corruption Commission (MACC) said Monday in a statement, according to Malay Mail Online.
"The report resulting from the investigation involving the RM2.6 billion has been referred and informed to the Attorney-General," the commission said.
The debt-laden 1MDB, a state investment fund set up in 2009 by Najib, welcomed the results of the investigation confirming that no funds were transferred to prime minister's account.
"We have always maintained that the company has never provided any funds to the Prime Minister as per our media statement on July 3, 2015, confident that the truth will prevail," 1MDB President and Group Executive Director Arul Kanda said Tuesday in a statement, according to Bernama news agency.
Najib Razak, who has been under pressure over recent revelations that $700 million were transferred to his personal bank accounts from the 1MDB fund, sacked deputy Prime Minister Muhyiddin Yassin and four other ministers in a cabinet reshuffle last month, HNGN reported previously.
The allegations of RM2.6 billion ($700 million) in Najib's accounts first surfaced in a report by The Wall Street Journal (WSJ) on July 2, according to The Malaysian Insider.
The #DearNajib hashtag quickly started trending on social media in wake of anti-graft agency's report. Below are a few tweets from social media users
#DearNajib Top 10 Malaysia's Billionaire Club pic.twitter.com/iz1Wg1KWne
— GHB_ (@Ibn_Hurairah) August 4, 2015
