Najib Promises No Cover For 1MDB Fraud

Kuala Lumpur – Umno president Najib Razak has promised that there will be no protection of fraud in the controversial government-investment company 1Malaysia Development Bhd, according to Supreme Council member Ismail Sabri Yaakob.


Najib, briefing Umno division chiefs at a party gathering today, had reiterated his stand that the company’s accounts had undergone a forensic audit by Deloitte Malaysia, who had cleared 1MDB officials.


“There is nothing to hide and no one (who has committed wrongdoing) will be protected,” Ismail Sabri told the Malaysian Insider.


Najib, who is prime minister and finance minister, chairs the 1MDB board of advisers. The company has come under intense scrutiny, especially from veteran Umno leaders Mahathir Mohamad and Daim Zainuddin, and from press reports in The Edge and Sarawak Report quoting leaked emails and company documents.


Last week Najib said Deloitte and 1MDB officials had briefed the Cabinet about the company’s finances and he had ordered the Auditor-General to verify 1MDB’s accounts.


Ismail Sabri said the division chiefs present at today’s closed-door meeting were satisfied with Najib’s explanation.


Another Umno Supreme Council member, Johari Abdul Ghani, said the meeting lasted slightly more than 90 minutes and the division chiefs had agreed that time should be given for investigations into 1MDB.


Johari, the MP for Titiwangsa, said no questions were raised, and the division chiefs had given Najib their full support.


Today’s meeting was attended by 154 divisional leaders, although 170 had been expected. Umno has 191 divisions.

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