Malaysia freezes Najib's party bank accounts linked to 1MDB

Azalina said that the party could argue that the freeze was done in bad faith

New Umno president, Datuk Seri Dr Ahmad Zahid Hamidi (pix), described the open contest in the party election as a historic democratic process as an immediate measure to ensure the party remains relevant in the country's political arena.

Ahmad Zahid said yesterday his statement was pertaining to the use of funds from a foundation he had set up.

"Our investigators will also be asking about a statement made by him about meeting a Saudi prince".

Earlier this week, police revealed that the cash and luxury items seized from properties linked to former Prime Minister Datuk Seri Najib Razak as part of the 1Malaysia Development Berhad (1MDB) investigations had been valued at RM1.1 billion.

"I am confident that the truth in some of the issues that caused unrest among the public will be unravelled by the MACC within a timeframe they can work with", he said in reference to 1MDB.

Media reports asserted that Zahid will be scrutinised over allegations that funds from the foundation were used to pay off credit card debts belonging to him and his wife amounting to some RM800,000.

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Scores of reporters from the local and global media had been waiting since 8 am in the compound of the MACC headquarters for the arrival of Ahmad Zahid.

The special task force is supported by agencies such as the MACC, the Attorney-General's Chamber, police, Bank Negara Malaysia, as well as several lawyers with expertise on related matters.

"Datuk Seri Dr Ahmad Zahid has been contacted by the MACC on June 27 and asked to come to the MACC headquarters at 10am today for his statements to be recorded according to MACC Act 2009", he said.

At least 50 media personnel from local and global agencies gathered from as early as 7am to cover Zahid's arrival today.

The 1MDB investment fund has chalked up billions of ringgit worth of debts, while United States investigations show those linked to Najib as having allegedly misappropriated US$4.5 billion from the fund and which partially made it to Najib's bank account, AP said.

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