Umno’s bank account is one of the 900 accounts frozen by the MACC, in relation to its investigation on the 1MDB case.
The New Straits Times quoted highly-placed sources saying that about 900 accounts allegedly linked to 1MDB were frozen.
“Those who would have discovered over the past few days that they no longer had access to their accounts are scores of individuals who investigators believe had benefited from 1MDB.”
Yesterday, acting Umno president Ahmad Zahid Hamidi revealed that MACC had frozen Umno and Selangor Umno’s bank accounts.
He said that Umno will accord full cooperation to the MACC in regards to the freezing of its accounts.
In a statement, Zahid said that he will strive to prove that Umno’s money is legitimate and not linked to any money-laundering activities. – Malaysiakini
Earlier report: June 28, Umno Bank Accounts Frozen by MACC