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Home / World / Najib says the freezing of 1MDB-linked bank accounts is inappropriate

Najib says the freezing of 1MDB-linked bank accounts is inappropriate



Malaysia's controversial former Prime Minister Najib Razak has warned that political parties should not become victims as his United Malaysian National Organization decides to elect a new leader.

"Do not freeze the accounts of political parties and disrupt the rise of a constructive opposition," Najib said on Saturday in a Facebook post adding that he welcomed investigations into his own behavior.

Photographer: Joshua Paul / Bloomberg

"The inappropriate action of freezing bank accounts will disrupt the activities of the parties and rebuild the opposition party," said Najib, a day after a government task force told them [19659005] Bank accounts frozen to the state investment fund 1Malaysia Development Bhd. On Friday, they froze the accounts of individuals and entities that they claimed might be involved in misappropriation of 1MDB money.

Read More: How Malaysia's 1MDB scandal shook the financial world

The accounts include those of UMNO, the former ruling party, for the first time since Malaysia's independence in 1957 following a shocking electoral defeat in May lost power. Najib resigned a few days after the election .

The task force said that other political parties have been frozen without specifying.

Prime Minister Mahathir Mohamad seeks to recover $ 4.5 billion in funds that may have been seized by the State Investment Company

The police seized several raids involving Najib cash and assets worth about $ 1.1 billion Ringgit ($ 272 million). The authorities said they soon planned to call the former Prime Minister and his wife Rosmah Mansor for questioning. Najib has consistently denied wrongdoing.


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