More than $1billion deposited in Malaysian prime minister's account...

Deposits into Malaysian prime minister Najib Razak’s bank accounts ran to hundreds of millions of dollars more than previously identified by probes into state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal has reported.

Citing two unnamed people familiar with flows into Najib’s accounts and a person familiar with one overseas investigation, the report said more than $1bn was deposited from 2011 to 2013, far more than the $681m earlier identified.

The paper said global investigators believe much of the $1bn originated with the state fund, known as 1MDB, but did not specify where the extra money came from or what happened to it.

The report contradicts a conclusion reached recently by Malaysia’s chief law officer.

 Attorney general Mohamed Apandi Ali cleared Najib in January of any corruption or criminal offences, saying the $681m transferred into Najib’s account was a gift from a member of Saudi Arabia’s royal family and that most of it was returned. Full story...

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