In its place, the Pakatan Harapan bloc led by former prime minister Mahathir Mohamad won a simple majority in parliament as it emerged victorious in out of seats, enough to form the next government.
Reuters could not independently verify the report. The statement said documents cited in the report should not be accepted as genuine unless verified by appropriate authorities.
It pointed to reports about criminal leaking of documents, doctoring and extortion related to 1MDB that has been recently published in the media. The Wall Street Journal did not immediately respond to a request for comment on the statement by Najib's office.
Two opposition parties called on Najib to take a leave of absence while the allegations are investigated, and another said he must declare his assets publicly in a sworn statement. However, commentators said Najib would likely hold firm.
However, he retains support within the long-ruling Barisan Nasional BN coalition. Former leader Mahathir Mohamad, who was once Najib's patron and remains highly influential, has previously called for the prime minister to step down over the 1MDB furor.
Malaysia's longest-serving prime minister, Mahathir withdrew his support for Najib after the BN coalition fell short of a popular majority in elections but retained power. In a blog released late in the day, Mahathir made no mention of the report and instead made allegations about people in power dodging taxes.
Najib, now in his second term, has also been under pressure over his management of the economy and a scandal arising from the high-profile killing of a Mongolian model nine years ago.
He says he had nothing to do with the murder of Altantuya Shaariibuu, and has even sworn an oath to that effect on the Koran in a mosque. Two officers who were part of Najib's security detail at the time were found guilty of her murder. Financial markets were barely affected by the newspaper report.
The Malaysian ringgit fell marginally but reached a fresh year low, while stocks closed fractionally higher. Najib chairs the fund's advisory board. The Wall Street Journal, citing documents from a government probe, said there were five deposits into Najib's account.
The fund is currently facing separate investigations by the country's central bank, auditor-general, police and the parliament's Public Accounts Committee.
Najib has previously denied any wrongdoing in connection with 1MDB and has accused opponents of spreading misinformation. If he refuses, there will be suspicion that someone is trying to cook the books.Malaysia on Thursday woke up to the prospect of a seismic shift in its politics after the general election defeat of the long-ruling Barisan Nasional coalition helmed by Prime Minister Najib Razak.
Malaysia's Prime Minister Najib Razak arrives to break fast at Saujana Menteri Besar in Malaysia's southern state of Johor July 3, Najib slammed a report on Friday that said close to $ The Prime Minister of the Republic of Singapore (Malay: Perdana Menteri Republik Singapura; Chinese: 新加坡共和国总理, pinyin: Xīnjiāpō gònghéguó.
In a ceremony at the national palace steeped in centuries-old Muslim Malay tradition, Mr. Mahathir was officially sworn in as Prime Minister by King Sultan Muhammad V.
Mr. Mahathir, dressed in traditional Malay dress, took the oath of office in a elaborately decorated room, with political allies and senior government officials in attendance. Malaysia is a young country. The median age is 28 (according to its Department of Statistics). And yet Mahathir Mohamad is its prime minister again at 92 (he turns 93 on July 10) – more than.
May 10, · KUALA LUMPUR, Malaysia — The accounts of corruption are staggering: at least $ billion stolen from a government fund and spent on expensive real estate, jewelry and art, with $ million ending up in the personal accounts of the prime minister, Najib Razak.