1MDB scandal: Najib’s brother Nazir Razak to work with Malaysian authorities to recover looted funds
- Nazir is among 80 parties being investigated for receiving money from the looted sovereign wealth fund
- He said he did not use ‘a sen’ of the US$6 million that was transferred to his bank account in 2013, which he had believed was for ‘election campaign purposes’
Nazir Razak, a former chairman of financial services provider CIMB Group, said had not kept or used “a sen” of money that his brother had transferred to his bank account in 2013.
Nazir said he had understood that the 25.7 million ringgit (US$6.13 million) was meant to support his brother's campaign ahead of the general election that year, which saw Najib fail to regain a two-thirds majority in Parliament.
“The funds were subsequently disbursed in cash and in full to Najib’s representatives for what I understood were election campaign purposes – not a sen was retained or used by me,” Nazir said in a statement.
“I acted in good faith in order to oblige my brother’s request for assistance in the campaign, and back then, I was informed that the funds originated from legitimate political fundraising and had no reason to think otherwise,” he said.
