Malaysia PM Najib Spent Millions on Luxury Goods, Political Payments

From the Straits Times

Malaysian Prime Minister Najib Tun Razak spent millions of dollars on luxury goods and gave millions more to politicians, think tanks and lawyers from bank accounts to which funds from state investment fund 1MDB were diverted, the Wall Street Journal reported on Wednesday (March 30), citing an investigation by Malaysian authorities.

The newspaper said investigation documents it viewed contain bank-transfer information that shows more than US$1 billion, the majority of it originating from state investment fund 1MDB, entered into five accounts belonging to Mr Najib at AmBank, a Malaysian bank, between 2011 and 2015.

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