ANZ and AmBank embroiled in Malaysian scandal 07 July 2015 3:54PM Ian Rogers ANZ's associate bank in Malaysia, AMMB, may have connections to a messy affair of alleged corruption and money laundering involving the country's prime minister.The Wall Street Journal is the principal media outlet to report in detail on the affair, which is the subject of a probe by the central bank, the national police and the nation's anticorruption agency.The WSJ at the weekend reported Malaysia's attorney general saying an investigation into a state investment fund (1Malaysia Development, or 1MDB) had uncovered documents related to allegations that billions of ringgit were transferred into the personal bank accounts of Prime Minister Najib Razak. At least one of those accounts is allegedly with the AmBank brand of AMMB. The investigations into the debt-ridden 1Malaysia Development Berhad relate to a joint venture with PetroSaudi, a veneer of an oil company, according to the London-based Sarawak Report.The documents show that US$700 million (RM2.67 billion) was moved among government agencies, banks and entities linked to 1MDB before finally ending up in the prime minister's personal accounts in five separate deposits.