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1MDB taskforce confirms Umno's, other accounts frozen

Published
Modified 29 Jun 2018, 5:09 am

UPDATED 1PM | The 1MDB taskforce has today confirmed that it has frozen a number of accounts belonging to Umno, several other political parties and individuals to facilitate ongoing investigations into alleged misappropriation of funds.

In addition to that, the taskforce also said that several accounts belonging to associations and companies linked to the case surrounding the embattled state investment fund have also been frozen.

In a statement, the taskforce assured that it was carrying out its probe in a fair and professional manner, and in accordance with the law.

The special task force has assured that it is carrying the investigation in a fair and professional manner and in accordance with the law.

"All parties are asked to give the authorities space to carry out the investigation process, and (are asked) not to speculate and sensationalise the case, as it is feared this may jeopardise investigations," the statement read.

The taskforce comprises former attorney-general Abdul Gani Patail, former MACC chief Abu Kassim Mohamed, MACC chief Mohd Shukri Abdull and former Bukit Aman Special Branch deputy director Abul Hamid Bador.

The New Straits Times had earlier reported that Umno’s bank account is one of 900 frozen by the MACC.

“Those who would have discovered over the past few days that they no longer had access to their accounts are scores of individuals who investigators believe had benefited from 1MDB," a highly-placed source was quoted saying by the NST.

Yesterday, acting Umno president Ahmad Zahid Hamidi revealed that MACC had frozen the bank accounts belonging to Umno and Selangor Umno.

He said Umno will accord full cooperation to the MACC in regards to the freezing of its accounts.

In a statement, Zahid said that he will strive to prove that Umno's money is legitimate and not linked to any money-laundering activities.

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