⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Malaysia anti-graft body says audio clips show Najib tried to cover-up 1MDB scandal

Published 01/08/2020, 03:39 AM
Updated 01/08/2020, 03:43 AM
Malaysia anti-graft body says audio clips show Najib tried to cover-up 1MDB scandal

By Rozanna Latiff and Joseph Sipalan

KUALA LUMPUR (Reuters) - Malaysia’s former prime minister, Najib Razak, allegedly sought help from the United Arab Emirates' crown prince to fake evidence to cover up for the 1MDB scandal, according to audio clips revealed by Malaysian anti-graft officials on Wednesday.

Najib rejected the allegations and the UAE government communication office, the National Media Council, which also represents the palace, did not immediately respond to a request for comment.

The Malaysian Anti-Corruption Commission (MACC) played audio clips for the media of nine phone conversations from 2016 that it believes are linked to the 1Malaysia Development Berhad (1MDB) multi-billion dollar scandal.

Besides Najib, the MACC said UAE Crown Prince Sheikh Mohammed bin Zayed al-Nahyan, Najib's wife Rosmah Mansor, and Malaysian and Emirati officials were on the calls.

MACC chief Latheefa Koya said the audio clips, which were handed to the agency anonymously earlier this month, were proof of a “high-level criminal conspiracy” to cover up wrongdoing.

Latheefa said forensics showed that the nine recordings were authentic and would be shared with the police and other authorities for further investigation.

Najib told reporters on Wednesday he was "shocked by this revelation" and is looking at legal options as the audio clips would have allegedly been recorded while he was the head of government.

"I'm studying the content and I have referred this matter to my lawyers. This has never been done in the history of this country,” he said. Najib did not confirm or deny the authenticity of the recordings.

Najib faces 42 criminal charges in five separate trials related to the alleged theft of billions of dollars from 1MDB, the subject of investigations in at least six countries including the United States, Singapore, and Switzerland. He has plead not guilty.

Malaysian and U.S. authorities say about 4.5 billion U.S. dollars was misappropriated from 1MDB, co-founded by Najib in 2009.

Latheefa told a news conference that the audio recordings raised issues such as "abuse of power, criminal conspiracy, obstruction of justice, compromising national security, fabrication of false evidence through foreign aides and connivance”.

In one recording, Najib allegedly asked the crown prince to help fabricate a loan agreement to show that Najib’s stepson, Riza Aziz, had received financing from UAE state fund International Petroleum Investment Company (IPIC) and not from money siphoned from 1MDB.

“The premise is relatively small, if there can be an agreement with Sheikh Mansour to have a loan agreement signed… that will show that it is a legitimate financing package, it’s not money laundering,” Najib allegedly said on the audio clip, referring to UAE deputy Prime Minister Sheikh Mansour bin Zayed al-Nahyan, who was then chairman of IPIC.

A lawyer for Riza, whose firm produced 2013 Hollywood movie The Wolf of Wall Street, did not respond to a request for comment. UAE fund Mubadala Investment Co., formed after a merger between IPIC and Mubadala Development Co. in 2017, declined to comment.

(This story fixes typo in headline)

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.