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    Jul 09, 2015

    Frozen bank accounts 'not' Najib's


    MALAYSIAN Attorney-General Abdul Gani Patail said yesterday that none of the six bank accounts frozen by a task force investigating state investor 1Malaysia Development Berhad (1MDB) over alleged financial irregularities belonged to Prime Minister Najib Razak.

    This contradicted reports on Tuesday by some media outlets, including the United States-based Wall Street Journal (WSJ), which quoted sources as saying that some of the frozen accounts were held by Mr Najib.

    Mr Abdul Gani also said he would prosecute any person found to have leaked information from confidential investigations, reported The Star.

    The chief prosecutor was apparently alluding to the alleged leak of documents from the task force to the WSJ, which published a report on Friday claiming that it had documentary proof on the movement of about US$700 million (S$950 million) from 1MDB into Mr Najib's personal accounts.

    The Monetary Authority of Singapore (MAS) yesterday said it would provide assistance to Malaysia on the 1MDB probe, reported Reuters.

    Falcon Private Bank, a Swiss private bank, said it was already in contact with MAS on the matter.

    The WSJ report mentioned Falcon, saying its branch in Singapore was one of the links in helping to siphon 1MDB funds into Mr Najib's accounts.

    Meanwhile, the task force investigating 1MDB yesterday seized documents from its offices.

    A police spokesman confirmed the six-hour raid, but did not give further details.

    Writing in his blog yesterday, Mr Najib reiterated that he had not taken 1MDB funds for personal use and accused the WSJ of "being in cahoots with certain quarters in the country to bring him down".

    His law firm, Hafarizam Wan & Aisha Mubarak, said it has notified the WSJ in a letter that it has been instructed to consider action against the journal.

    In response, a spokesman for Dow Jones, which publishes the WSJ, said: "We stand behind our fair and accurate coverage of this evolving story."

    Some Malaysian lawyers were also sceptical, wondering why the letter from Mr Najib's law firm showed he was unsure whether to take the WSJ to court, reported news website Malaysian Insider.