Malaysia's ex-PM Najib Razak arrested

04 July, 2018, 06:29 | Author: Trevor Moore
  • Riza Aziz

Former Malaysian Prime Minister Najib Razak was set to be charged in court on Wednesday as part of investigations into how billions of dollars went missing from a state fund he founded.

Earlier, a security source said that agents from the Malaysian Anti-Corruption Commission arrested Mr Najib.

Local media reports said Najib was seen leaving his house in the capital, Kuala Lumpur, in an unmarked police auto.

Sources have said Najib could face multiple charges.

"I asked him to support the (Malaysian) government because I thought their government has a record of supporting governments which are somewhat friendly with them", Najib told Malaysiakini.

Allegations over the misappropriation of state funds at 1MBD emerged in 2015 as the public learned that $4bn had gone missing from the fund and almost $700m was allegedly transferred into Najib's bank account.

The US Department of Justice has previously said over $4.5 billion was siphoned off from 1MDB.

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"Najib is the first (former) prime minister ever to be charged in court in the history of Malaysia", said Tian Chua, vice president of Parti Keadilan Rakyat, a key political party in the current ruling coalition. "Let investigations be carried out", he said.

"I admit there are many weaknesses as a normal human being, I am not flawless but believe me, that the accusations against me and my family are not all true", he said.

The Malaysian government under Najib was accused of blocking probes into 1MDB and not cooperating with foreign agencies investigating the fund, but local probes have been reopened since Mahathir came to power.

US investigators allege that Najib's stepson's company, "Red Granite Pictures Inc., used money stolen from 1MDB to finance Hollywood films including the Martin Scorsese-directed 'The Wolf of Wall Street, ' " according to the AP.

SRC International was a subsidiary of 1MDB, and was placed under the jurisdiction of the Finance Ministry in 2012.

$US10.6 million was allegedly transferred from SRC to Najib's personal accounts, which Malaysia's former attorney general reportedly chose not to investigate. Last week, Mahathir vowed that Najib would be prosecuted "soon" and said "much damage had been done by the previous government administration".

During raids on properties linked to Najib and Rosmah Mansor after the election, police seized over 400 handbags and a huge stash of jewels and cash.

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