31 Mar '16, 4pm

Brother of Malaysian PM says he regrets distributing US$7m in funds

KUALA LUMPUR: The brother of Malaysian Prime Minister Najib Razak and the chairperson of CIMB Group Holdings, Nazir Razak, said early on Friday (Apr 1) that he wishes he did not help distribute nearly US$7 million from his brother ahead of the 2013 general elections, which he had assumed "came from legit political funding". In an Instagram post, Mr Nazir said he understood the furore and "with hindsight wish I didn't. In run up to GE13, I was asked by my brother/party president to urgently help pass on cash to party machinery". Understand furore & with hindsight wish I didn't. In run up to GE13 I was asked by my brother/party president to urgently help pass on cash to party machinery. I assumed and believed, in good faith, that the funds came from legit political fund-raising. Entire amount was distributed, not a sen retained by me. A photo posted by Nazir Razak (@nazir.ra...

Full article: http://www.channelnewsasia.com/news/asiapacific/brother-o...

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