The Edge Financial Daily's latest report on 1MDB today denied allegations that it was part of a political conspiracy, and instead recounted an alleged scheme by tycoon Jho Low and PetroSaudi International (PSI) to steal billions from Malaysia.

"We have a duty to find and report the truth. Our reports on 1MDB had exposed how a group of individuals - Malaysians and foreigners - schemed a multi-billion ringgit fraud against the people of Malaysia.

"How can the work that we have done be deemed as a political conspiracy?” it asked in a publisher's note accompanying the report.

The business paper in its four-page expose claimed that Jho Low, whose real name is Low Taek Jho, had worked with PSI to siphon off at least US$1.83 billion in cash from 1MDB, through the 1MDB-PetroSaudi Limited joint venture company.

"We have in this report, which is possibly the last on this subject, laid out all the key facts about what happened during the three-year business ties between 1MDB and PSI - especially what happened to the US$1.83 billion of real cash invested by 1MDB," it said.

The Edge said its report on the alleged scandal was corroborated by documents including bank transfers and statements, all of which would now be handed over to the authorities, with whom they would fully cooperate.

The financial daily is being investigated for its previous reports on 1MDB, which Home Minister Ahmad Zahid Hamidi claims was based on false information.

[More to follow]