Its investigative report, titled “Al Jazeera Investigates: Stealing Paradise”, was released today.
It named a former Maldives vice-president and several businessmen to be also involved in the scheme to launder the money through an alleged investment plan.
Besides the Malaysian, the documentary claimed others involved were a Singaporean, an Indonesian mining and energy investor and an Indonesian who runs an iron ore mine.
It said the Malaysian “spun the web of front companies through which the money would be laundered”.
A secretly-taped video, taken during a sting operation by a Al Jazeera reporter posing as a representative of wealthy businessmen, allegedly shows the Malaysian giving an assurance that he could move substantial sums of money undetected.
The Malaysian claims there were “seven layers” of secrecy to protect the identity of the people involved and that anyone probing the links will only end up with a “Panama foundation” under his name.
He claimed to have links with an Asian central bank to facilitate movement of the money.
He preferred to deal with euros instead of US dollars which he said “were a headache”.
Later, when confronted with the evidence, the Malaysian said his comments were taken out of context.
In the documentary, all those involved denied any wrongdoing or that any money was moved.