New CID director ‘naive’ about Australian law, says Zahid

Source: Free Malaysia Today

The deputy prime minister says he accepts Bukit Aman CID director Wan Ahmad Najmuddin Mohd’s explanation about his funds in Australia.

zahid-1PETALING JAYA: Deputy Prime Minister Ahmad Zahid Hamidi says Bukit Aman CID director Wan Ahmad Najmuddin Mohd may have been “naive” about Australian laws concerning remittances to fund his children’s education.

“This issue of remittance surfaced back in 2016. Wan Ahmad has already given me his explanation on the matter, and I am confident of his honesty.

“However, he might have been naive about laws surrounding the remittance, because although the money was acquired from the sale of a house, it exceeded A$10,000, which is the limit set by the Australian government,” Berita Harian quoted Zahid as saying. Read more

Malaysia: Australian police say they are taking part in probe on 1MDB scandal

Source: Asian Correspondent

Men walk past a 1Malaysia Development Berhad (1MDB) billboard at the fund's flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris

Men walk past a 1Malaysia Development Berhad (1MDB) billboard at the fund’s flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris

THE Australian Federal Police (AFP) said on Tuesday they are working with international law enforcement agencies to investigate companies associated with Malaysia’s scandal-hit sovereign wealth fund.

1Malaysia Development Bhd (1MDB), founded by Malaysian Prime Minister Najib Razak, is the subject of money laundering investigations in at least six other countries, including Switzerland, Singapore and the United States.

Civil lawsuits filed by the U.S. Department of Justice allege more than US$3.5 billion was misappropriated from 1MDB. The lawsuits seek to seize US$1 billion in assets allegedly siphoned off from 1MDB and diverted into luxury real estate in New York, Beverly Hills and London, valuable paintings, and a private jet. Read more