In total, Najib and Mohd Irwan are accused of diverting RM6.636 billion worth of government funds from their original purposes, in order to pay the debts of 1Malaysia Development Bhd (1MDB) as well as obligations in relation to rail and pipeline megaprojects that were awarded to Chinese contractors.
(Oct 26): Some RM1.3 billion ($430.5 million) in the Federal Consolidated Fund which was to be used as “subsidy and cash assistance” for Malaysians was among the government funds that former prime minister Datuk Seri Najib Razak and ex-Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah were accused in court yesterday of redirecting to an Abu Dhabi wealth fund.
While not mentioned in the charge sheet, the cash assistance is said to include funds for some three million poor Malaysians registered under the 1Malaysia People’s Aid (BR1M) programme. This was confirmed by Malaysian Anti-Corruption Agency (MACC) deputy director Datuk Seri Azam Baki when explaining the charges to the media.
