LISTEN LIVE KPR - On Air: Listen Live to classical, jazz and NPR news Schedule LATEST
KPR 2 - On Air: Listen live to KPR's all talk-radio service, KPR2 Recordings

Share this page              

Malaysia Freezes Bank Accounts Amid Report Of Cash Transfers To Premier

Malaysian authorities have frozen six bank accounts in connection with an investigation into nearly $700 million allegedly transferred into Prime Minister Najib Razak's bank accounts.

The Wall Street Journal, which reported last week on the alleged transfers, cited "a person aware of the probe" saying at least one of the frozen accounts belonged to Najib.

At issue is 1Malaysia Development Bhd, or 1MDB, the troubled state investment fund that has debts of $11 billion and is struggling to pay its bondholders. The Journal reported July 2 that Malaysian investigators looking into the fund traced nearly $700 million into Najib's personal account. The prime minister, who chairs the fund's advisory board, has denied the claims, blaming his political enemies for the allegations.

The newspaper reported five deposits were made into Najib's account; the two largest — $620 million and $61 million — were made via a Swiss Bank in 2013 from a British Virgin Islands-registered company.

Here's more from the Journal's story today:

"A joint statement issued by Attorney General Abdul Gani Patail, central bank governor Zeti Akhtar Aziz, Inspector-General of Police Khalid Abu Bakar and the chief of the Malaysian Anti-Corruption Commission, Abu Kassim Mohamed, also said authorities took documents relating to 17 accounts from two banks to assist the investigation.

"The statement said other documents relating to the noncompliance of banking regulations have also been retrieved."

The newspaper published documents it said were from the government's investigation into the money trail. The Journal noted: "Investigation documents reviewed by the Journal didn't provide the original source of the money or specify what happened to the cash after it allegedly entered Mr. Najib's accounts."

The claims about the payments have prompted calls for Najib's resignation or for him to take a leave of absence. He has been prime minister since 2009.

Copyright 2015 NPR. To see more, visit

Tower Frequencies

91.5 FM KANU Lawrence, Topeka, Kansas City
96.1 FM K241AR Lawrence (KPR2)
89.7 FM KANH Emporia
99.5 FM K258BT Manhattan
97.9 FM K250AY Manhattan (KPR2)
91.3 FM  KANV Junction City, Olsburg
89.9 FM K210CR Atchison
90.3 FM KANQ Chanute

See the Coverage Map for more details

Contact Us

Kansas Public Radio
1120 West 11th Street
Lawrence, KS 66044
Download Map
785-864-4530 (Main Line)
888-577-5268 (Toll Free)