{"id":46838,"date":"2016-01-26T18:36:09","date_gmt":"2016-01-26T16:36:09","guid":{"rendered":"http:\/\/www.arabtelegraph.com\/?p=46838"},"modified":"2016-01-26T18:36:09","modified_gmt":"2016-01-26T16:36:09","slug":"malaysian-pm-cleared-of-graft-after-funds-in-account-declared-a-saudi-gift","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=46838","title":{"rendered":"Malaysian PM cleared of graft after funds in account declared a Saudi gift"},"content":{"rendered":"<p dir=\"ltr\"><strong>Malaysia&#8217;s attorney-general cleared Prime Minister Najib Razak of any criminal offences or corruption on Tuesday, closing investigations into a murky multi-million-dollar funding scandal that his opponents had hoped would bring him down.<\/strong><\/p>\n<p dir=\"ltr\">Najib was buffeted last year by allegations of graft and mismanagement at the debt-laden state fund 1Malaysia Development Berhad (1MDB) and by a revelation that about $681 million was deposited into his personal bank account.<\/p>\n<p dir=\"ltr\">But Attorney-General Mohamed Apandi Ali said the transfer was a gift from Saudi Arabia&#8217;s royal family, adding that no further action needed to be taken on the matter.<\/p>\n<p dir=\"ltr\">Najib, who denied any wrongdoing and said he did not take any money for personal gain, welcomed the attorney general&#8217;s statement.<\/p>\n<p dir=\"ltr\">&#8220;The findings followed a thorough investigation by the relevant institutions, and he has confirmed what I have maintained all along: that no crime was committed,&#8221; Najib said in a statement.<\/p>\n<p dir=\"ltr\">Opposition party leaders denounced the finding, saying the appointment of the attorney-general by the prime minister in the midst of the crisis suggested a conflict of interest.<\/p>\n<p dir=\"ltr\">But analysts said it was a victory for Najib that would allow him to focus on winning the next election in 2018.<\/p>\n<p dir=\"ltr\">&#8220;The AG&#8217;s statement today pretty much allows the government to move on &#8230; As far as things are legally concerned, the prime minister is in the clear,&#8221; said Ibrahim Suffian, director of independent opinion polling firm Merdeka Center.<\/p>\n<p dir=\"ltr\">Although there were still a lot of people who would still be skeptical and critical of the government, he said.<\/p>\n<p dir=\"ltr\">Apandi told a news conference no criminal offense had been committed by Najib in relation to three investigations submitted by Malaysia&#8217;s anti-graft agency.<\/p>\n<p dir=\"ltr\">&#8220;I am satisfied with the findings that the funds were not a form of graft or bribery,&#8221; he said.<\/p>\n<p dir=\"ltr\">&#8220;There was no reason given as to why the donation was made to PM Najib, that is between him and the Saudi family,&#8221; he said.<\/p>\n<p dir=\"ltr\">The involvement of the Saudi royal family is an unexpected twist in the saga over the funds transfer and the troubles of 1MDB, whose advisory board Najib chairs.<\/p>\n<p dir=\"ltr\">The Malaysian Anti-Corruption Commission (MACC) had earlier said only that the funds were a political donation from an unidentified Middle Eastern benefactor.<\/p>\n<p dir=\"ltr\">Apandi said $620 million was returned to the donor in August 2013, about five months after the transfer, because it had not been utilized.<\/p>\n<p dir=\"ltr\">He did not clarify what happened to the remaining $61 million that was not returned or explain why it had taken so long for news of the return of the funds to be released.<\/p>\n<p dir=\"ltr\">&#8216;UNITE AND MOVE ON&#8217;<\/p>\n<p dir=\"ltr\">Najib, the son of a former prime minister, enjoys the backing of most of the powerful division chiefs in the ruling United Malays National Organization (UMNO) party.<\/p>\n<p dir=\"ltr\">Even his fiercest internal critics, such as influential former Prime Minister Mahathir Mohamad, accept that he cannot be unseated.<\/p>\n<p dir=\"ltr\">Najib, who needs to build support ahead of the 2018 election, after scraping to only a narrow victory in the last polls, said the scandal had been &#8220;an unnecessary distraction&#8221;.<\/p>\n<p dir=\"ltr\">&#8220;Now that the matter has been comprehensively put to rest, it is time for us to unite and move on,&#8221; Najib said.<\/p>\n<p dir=\"ltr\">The scandal has shaken investors in Southeast Asia&#8217;s third-biggest economy and rocked confidence in the coalition led by UMNO, which has held power since independence in 1957.<\/p>\n<p dir=\"ltr\">The ringgit slumped by more than 20 percent in 2015 and has continued its slide this year, weighed down by global oil prices and political uncertainty.<\/p>\n<p dir=\"ltr\">&#8220;The attorney-general is satisfied with the findings, but it remains to be seen whether the public is satisfied and will put the 1MDB scandal to rest,&#8221; said Hak Bin Chua, ASEAN economist at Bank of America Merrill Lynch.<\/p>\n<p dir=\"ltr\">After the scandal broke in mid-2015, then attorney-general Abdul Gani Patail &#8211; who had led investigations of 1MDB &#8211; was replaced by Apandi, a former judge with strong ties to UMNO.<\/p>\n<p dir=\"ltr\">&#8220;The attorney-general should not have been involved in the decision affecting the PM because he was appointed by the PM,&#8221; said Lim Kit Siang, parliamentary leader of the opposition Democratic Action Party.<\/p>\n<p dir=\"ltr\">Two of the anti-corruption commission papers that Apandi reviewed related to SRC International, a former 1MDB subsidiary that is being investigated for an alleged misappropriation of funds.<\/p>\n<p dir=\"ltr\">1MDB is under investigation by law enforcement agencies in Switzerland, Hong Kong and the United States, media and other sources have said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysia&#8217;s attorney-general cleared Prime Minister Najib Razak of any criminal offences or corruption on Tuesday, closing investigations into a murky multi-million-dollar funding scandal that his opponents had hoped would bring him down. Najib was buffeted last year by allegations of graft and mismanagement at the debt-laden state fund 1Malaysia Development Berhad (1MDB) and by a &hellip;<\/p>\n","protected":false},"author":3,"featured_media":46843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-46838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-te-public"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Malaysian PM cleared of graft after funds in account declared a Saudi gift - Arab Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabtelegraph.com\/?p=46838\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Malaysian PM cleared of graft after funds in account declared a Saudi gift - Arab Telegraph\" \/>\n<meta property=\"og:description\" content=\"Malaysia&#8217;s attorney-general cleared Prime Minister Najib Razak of any criminal offences or corruption on Tuesday, closing investigations into a murky multi-million-dollar funding scandal that his opponents had hoped would bring him down. 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