MACC to Quiz Najib, Irwan on 1MDB-IPIC Deal Tomorrow

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The Malaysian Anti-Corruption Commission (MACC) has summoned former prime minister Najib Abdul Razak and former Treasury secretary-general Irwan Serigar Abdullah for questioning at the commission’s headquarters in Putrajaya at 2pm tomorrow.

  • Najib to face additional six charges on Thursday
  • Prosecutors would hold Najib liable for his role in last year’s debt settlement between 1MDB and IPIC.
  • Probe into 1MDB-IPIC deal progressed with information from a ‘Datuk’ who was appointed by Najib to serve as an intermediary for the two companies

Citing sources close to the 1Malaysia Development Berhad (1MDB) investigations, Malaysiakini reported that Najib and Irwan were called to facilitate probes into 1MDB’s dealings with Abu Dhabi wealth fund, International Petroleum Investment Company (IPIC).

This would be the third time the MACC has summoned Najib for interrogation over 1MDB’s dealings with IPIC this month.

Earlier today, Malaysiakini reported a source close to the investigation confirming that Najib would face an additional six charges on Thursday, bringing the total of charges against him to 38.

The report said that investigations into the 1MDB/IPIC affair had made progress following information obtained from a person involved in the matter.

The person, who carries a ‘Datuk’ title, was appointed by Najib as an intermediary for the two companies some years ago.

The New Straits Times had earlier reported that Najib was expected to face at least four more charges this week related to 1MDB’s dealings with IPIC.

It said that prosecutors would hold Najib liable for his role in last year’s debt settlement between the two parties.

Sources had told the newspaper that MACC investigators had looked into how the former administration had settled a debt using taxpayers’ money and who had authorised the payment allegedly “without the approval of the cabinet”.

A settlement was reached last year by the Finance Ministry to pay US$1.2 billion (RM5.04 billion) to IPIC over a US$6.5 billion claim made by the latter. Najib was also the finance minister then.

In Parliament earlier today, Najib told the government to go after IPIC over the US$3.5 billion in missing Malaysian funds.

He said in the Dewan Rakyat that his government inked an agreement with IPIC in 2015 through which Malaysia would receive US$1 billion from the firm while IPIC also “agreed to return US$3.5 billion.”