Malaysia PM Najib Sued By Opposition For Election Violations

Malaysia PM Najib Sued By Opposition For Election Violations

Where there’s smoke, there’s fire, and it’s growing increasingly evident that something fishy went on with Malaysian Prime Minister Najib Razak‘s campaign in the 2013 election. A Malaysian opposition party has filed suit against prime minister, alleging his coalition massively exceeded campaign spending limits in the 2013 elections.

In a statement published Wednesday, the opposition People’s Justice Party claims that Najib spent 2.6 billion ringgit ($646 million) that illegally ended up in his personal accounts for campaign purposes during the 2013 election. That figure represents over 26 times the amount Najib’s alliance was allowed to spend on the election based on Malaysian law.

Bonhoeffer Fund July 2022 Performance Update

Screenshot 27Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%.   Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclusively for Read More

The charges against Najib first surfaced back in early July when the Wall Street Journal reported that close to $700 million was transferred through various government agencies and firms connected to state investment company Malaysia Development before ending up in accounts under Najib’s name. The Malaysian Anti-Corruption Commission said the 2.6 billion ringgit in Najib’s accounts was from donors in the Middle East.

Neither PM Najib’s office, the Malaysian Election Commission nor 1MDB were willing to comment on the lawsuit.

In the past, 1MDB has categorically d