The Saudi largesse

Steve Molman in ‘Last August tens of thousands of Malaysians gathered in Kuala Lumpurand demanded to know how almost $700 million linked to the debt-laden government investment fund 1Malaysia Development Berhad (1MDB) ended up in prime minister Najib Razak’s personal bank accounts . . . The situation is now becoming clearer, if a “well-placed” Saudi source interviewed by the BBC is to be believed. The source, who asked not to be named, told the BBC the payment was authorized from the very top—Saudi Arabia’s late King Abdullah—and that funds came from both the king’s personal finances and state funds. He added that his government routinely hands out sums of more than $100 million to governments that are resisting the influence of the Muslim Brotherhood, which opposes many established governments in the Muslim world, and whom the Saudis consider to be terrorists.’ click here.