Under pressure, Najib slams “foreign intervention” – Nikkei Asian Review

JAKARTA — With investigations ongoing in several countries into the international financial activities of scandal-plagued state development fund 1Malaysia Development Berhad, Malaysian Prime Minister Najib Razak slammed “foreign intervention” as a threat to stability in peaceful Muslim-majority countries such as Malaysia and Indonesia. “We have seen the devastating results of foreign intervention in the Muslim world, often based on incomplete, wrong or partisan information,” Najib said, citing the U.S. invasion of Iraq in 2003 and the Arab Spring a decade later, a series of anti-government uprisings in Egypt, Libya, Syria and Tunisia, some of which had U.S. support. Najib has been under pressure over allegations that around $731 million received from 2011 to 2013 was diverted from 1MDB into his personal bank account in 2013 — a charge that Najib has denied, saying the money came from an unnamed Saudi Arabian donor.

Malaysia’s 1MDB woes deepen with US lawsuit – Nikkei Asian Review

JAKARTA — bad penny keeps turning up, as the old saying goes. And so it goes for Malaysia’s Prime Minister Najib Razak, who has spent more than a year trying to fend off allegations that around $700 million was stolen from troubled state development fund 1Malaysia Development Berhad and diverted into his bank account. The prime minister first said he did not take money “for personal gain,” then said he received a $681 million donation from Saudi Arabia — the latter claim eventually backed in April by the Saudi foreign minister. Malaysian law enforcement agencies ruled that Najib has nothing to answer for, but foreign counterparts are hunting for billions of dollars of 1MDB money allegedly laundered through jurisdictions such as Singapore, Switzerland and the U.S.