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HK police probe Najib deposits claim
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HONG Kong police are investigating bank deposits said to be linked to Malaysian Prime Minister Najib Razak, police said yesterday, as a probe into a troubled Malaysian state investment fund widens.
The investigation comes as another blow to Najib, who chairs the advisory board of 1Malaysia Development Berhad (1MDB), after Swiss authorities froze millions of dollars in Swiss bank accounts linked to the firm on suspicion of corruption and money laundering.
Malaysian investigators are also looking into the fund, which has raked up over US$11 billion in debt.
Najib has denied taking any money from 1MDB or any other entity for personal gain. The Malaysian government dismissed the latest allegations as politically motivated.
In a statement, Hong Kong police said: “A man reported to the police on August 30 and requested the police investigate on some bank deposits. Investigations by Crime Headquarters are under way.”
The complaint was lodged by Khairuddin Abu Hassan, a former member of Najib’s ruling United Malays National Organization who was sacked from the party earlier this year.
A vocal critic of Najib, Khairuddin alleged that deposits of over US$250 million were made into a Credit Suisse bank account in Hong Kong through four companies linked to Najib.
A Malaysian government spokesman said: “The prime minister does not control any Credit Suisse bank accounts in Hong Kong, whether in his name or the name of the companies mentioned.”
The complaint was a bid to smear Najib, he said, accusing Khairuddin of working with former Malaysian Prime Minister Mahathir Mohamad, who is leading a campaign to oust Najib.
A spokesman for Credit Suisse in Hong Kong declined to comment.
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