Malaysia's anti-corruption agency has issued a clarification on the state investment fund controversy surrounding Prime Minister Najib Razak, by saying these funds were donations.
According to BBC, the anti-corruption agency neither disclosed the names of the donors nor the purpose of the donations.
Opposition parties and activists have accused Najib of using his position to influence the multiple investigations into 1Malaysia Development Bhd (1MBD) that was set up by him in 2009.
The investigation was being conducted into the alleged transfer of nearly 700 million dollars from the debt-ridden fund, 1MBD, by the Malaysian Prime Minister into his personal account.
Najib has denied the allegations saying he is the victim of 'political sabotage', but the scam has triggered calls for his resignation.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app