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Malaysia PM considers action over funds report

Wednesday, July 08, 2015 - 01:13

Malaysia's prime minister says he is considering legal action over newspaper allegations of a $700m fund scandal. Paul Chapman reports.

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As police raided the officers of Malaysian state investment fund 1MDB on Wednesday members of the prime minister's political party appeared to be closing ranks behind him. The Wall Street Journal's alleging investigators at the fund have found transfers of almost $700 million to Najib Razak's own bank account. Najib denies taking any money for personal gain. After a meeting between Najib and his cabinet the country's youth and sports minister says he's planning his next step. (SOUNDBITE)(English) MINISTER FOR YOUTH AND SPORTS, KHAIRY JAMALUDDIN ABU BAKAR, SAYING: "There was discussion that was started off by prime minister explaining to us that he is still considering legal action, as you all know by now, that the lawyer representing the prime minister will send out pre-demand letter to the Wall Street Journal." A day earlier opposition lawmakers say they were stopped from holding a meeting in parliament to discuss the allegations against Najib. They were left sitting on the steps outside although officials said the disruption was the result of a meeting room double booking.

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Malaysia PM considers action over funds report

Wednesday, July 08, 2015 - 01:13