Malaysia probes web­site over crit­i­cism of 1MDB

The Pak Banker - - COMPANIES/BOSS -

Malaysia's rul­ing party has sus­pended a se­nior of­fi­cial who had asked for a deeper in­ves­ti­ga­tion into al­le­ga­tions of cor­rup­tion at the coun­try's state in­vest­ment fund and is also in­ves­ti­gat­ing a web­site that re­ported on the scan­dal, me­dia re­ported. The rul­ing United Malays Na­tional Or­ga­ni­za­tion ( UMNO) sus­pended Muhyid­din Yassin, a deputy party pres­i­dent, cit­ing his fail­ure to sup­port Prime Min­is­ter Na­jib Razak, The WSJ re­ported. Muhyid­din had pre­vi­ously been fired by Na­jib from his po­si­tion as deputy prime min­is­ter.

"If we want to see Malaysia re­turn to a re­spected coun­try in which the peo­ple can live a more pros­per­ous life, we need to be pre­pared to de­mand change," Muhyid­din said in a state­ment on Satur­day, ac­cord­ing to me­dia.

In ad­di­tion, the govern­ment is also propos­ing changes to Malaysian laws that would al­low can­ing and life im­pris­on­ment for jour­nal­ists and oth­ers found guilty of re­ceiv­ing leaked doc­u­ments, the news­pa­per said.

On Fri­day, me­dia was asked to ap­pear be­fore po­lice af­ter the com­mu­ni­ca­tions reg­u­la­tor blocked ac­cess to the web­site. Po­lice tweeted that the web­site's cov­er­age of the fund was con­fus­ing, ac­cord­ing to me­dia. He has de­nied wrong­do­ing or tak­ing money for per­sonal gain. Since last year, a state-owned in­vest­ment fund, the 1Malaysia De­vel­op­ment Ber­had (1MDB), has been em­broiled in one of Malaysia's worst political scan­dals that has left in­ter­na­tional in­vestors wary.

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