Nazir Razak 'disbursed US$7m cash to BN politicians ahead of 2013 GE'

Kuala Lumpur

WELL-KNOWN Malaysian banker Nazir Razak has found himself enmeshed in the 1MDB scandal following a report that he made political disbursements of nearly US$7 million at the behest of his brother, Prime Minister Najib Razak, ahead of a hotly contested general election in May 2013.

The funds - among more than 500 payments from Mr Najib's accounts to various people or entities, mostly political - were transferred to Mr Nazir's personal accounts, The Wall Street Journal reported on Thursday.

In a written statement to the Journal, Mr Nazir said he believed the money was from donations he had helped raise from corporations and individuals for the 13th General Election (GE), and that the funds...

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