According to the MACC, the money amounting to RM270 million were allegedly transferred out of 1MDB and funnelled from Datuk Seri Najib Razak's account private bank accounts. — Picture by Choo Choy May
KUALA LUMPUR, June 21 ― Automotive firm Naza Quest, textile giant Jakel Trading and popular jeweller Habib Jewels are among 41 recipients that were named by the Malaysian Anti-Corruption Commission today as having benefited from scandal-tainted 1Malaysia Development Berhad . According to the MACC, the money amounting to RM270 million were allegedly transferred out of the sovereign investment fund and funnelled from Datuk Seri Najib Razak's account private bank accounts.
About 78 per cent or the bulk of these alleged 1MDB funds went to Najib's political party Umno, the MACC said.