The events of the past 24 hours have drawn into question what exactly the Malaysian Anti-Corruption Commission (MACC) is investigating in relation to Prime Minister Najib Abdul Razak's bank accounts.

Was it involving allegations that RM2.6 billion traced to Najib's account or was it investigations on Finance Ministry-owned SRC International Sdn Bhd?

Up until Tuesday, the MACC had maintained that its role in the multi-agency special task force was limited to investigating SRC International and not 1MDB.

SRC International is a former 1MDB subsidiary that was parked under the Finance Ministry in 2012 after securing a RM4 billion loan from Retirement Fund Incorporated (KWAP) a year before.

This company had drew very little public attention until July 3, following The Wall Street Journal article which alleged that the company was involved in the transfer of large sums of money to Najib's bank account.

Quoting "Malaysian investigators", WSJ said SRC International had transferred RM50 million to Gandingan Menteri Sdn Bhd, which in turn transferred the sum to Ihsan Perdana Sdn Bhd - a service provider that delivers corporate social responsibility projects on behalf of 1MDB.

Ihsan Perdana was then alleged to have transferred RM42 million to Najib's account. Ihsan Perdana managing director Shamsul Anwar Sulaiman has denied the allegation.

All this allegedly took place between December 2014 and February 2015.

So what of the RM2.6 billion?

According to the WSJ , little-known Tanore Finance, incorporated in the British Virgin Islands had transferred US$681 million into Najib's account as well.

Since the WSJ article was published, the special task force had not specifically mentioned what it was investigating nor its terms of reference.

But on its own, the MACC had been making it known that they have been arresting several figures linked to SRC International and indirectly giving the impression that the RM2.6 billion was not part of its scope.

MACC's regular updates came to a halt following the removal of Abdul Gani Patail as attorney-general on July 27.

Suddenly, the MACC announced on Tuesday that it the RM2.6 billion in Najib's account was a "donation". This evening, the MACC elaborated that the donor was from the Middle East and the donation had no links to 1MDB.

MACC will seek an explanation from Najib

MACC has revealed that it has documents relating to the transfer and will seek an explanation from Najib. This is the clearest indication that the MACC is still investigating the RM2.6 billion transfer.

But what is clear that MACC's main focus is SRC International and its RM4 billion loan in 2011, as it stressed that investigations was ongoing and the RM2.6 billion matter was a separate issue.

It must be pointed out that government figures only started talking about political financing after a leaked video of ousted deputy prime minister Muhyiddin Yassin talking about RM2.6 billion in Najib's account started making the rounds.

Muhyiddin said he had confronted Najib about the allegations and was told that the money originated from the Middle East.

What is of concern is whether police investigations under Section 124B of the Penal Code on MACC personnel would affect investigations on the RM4 billion loan.

Section 124B refers to activities detrimental to Parliamentary democracy.

The MACC had promised that as an independent commission, it would perform investigations transparently and professionally without fear or favour.

"MACC will not let anyone influence or interfere with our investigations," said the MACC in a statement late yesterday evening.

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