: Police said on Monday, July 13, they are investigating the leak of confidential documents to the Wall Street Journal and Sarawak Report that allegedly show millions of dollars were funneled to the 61-year old leader personal account, from banks, government agencies and companies linked to the debt-laden state investment fund 1Malaysia Development Berhad, or 1MDB, of which Najib is the advisory board chairman, according to Deutsche Welle. The PM, whose approval ratings have fallen sharply over the past year, has come under increasing pressure over his leadership amid attacks from the opposition and from within his own party over graft and mismanagement claims. It a scandal that has shaken Malaysia ruling coalition to the core and plunged Najib Razak into one of his worst political crises since becoming Malaysian premier six years ago. But this is the first time he has been accused of receiving funds directly to his bank accounts. The authorities are also looking into allegations that 2 million ringgit were deposited into his wife accounts earlier this year. Citing documents from four ongoing official probes into 1MDB, the news reports claim that five deposits were made into Najib account and the two largest transactions, worth $620 million and $61 million respectively, were made in March 2013 during a heated election campaign in Malaysia.
(news.financializer.com). As
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