Former Malaysian PM Najib Razak 
World

Former Malaysian premier Najib arrested, to be charged Wednesday

Malaysian anti-corruption agents arrested former Prime Minister Najib Razak on Tuesday following a probe into how money went missing from a state fund he founded almost a decade ago and he was expected to be charged in court on Wednesday.

migrator

Kuala Lumpur

Since his shock election loss to Mahathir Mohamad in May, Najib has been barred from leaving the country, quizzed by the anti-graft agency and had his houses searched as part of the probe into 1Malaysia Development Berhad (1MDB).

Mahathir said in an interview with Reuters last month that embezzlement and bribery with government money were among the charges that Malaysia was looking to bring against Najib, adding they had “an almost perfect case” against him.

Najib’s arrest was in relation to a probe into SRC International, a former 1MDB unit, a task force investigating the fund said.

Anti-graft agents picked up Najib from his home after serving him with a remand order, two sources close to the family said.

A Najib spokesman did not immediately have a comment. Najib has consistently denied wrongdoing in dealings with 1MDB.

Founded by Najib in 2009, 1MDB is being investigated in at least six countries for alleged money laundering and graft.

Civil lawsuits filed by the U.S. Department of Justice allege that nearly $4.5 billion was misappropriated from 1MDB.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

NDA re-entry row: No denial or acceptance, TTV Dhinakaran buys time

Edappadi's 3 poll promises to cost over Rs 38,000 cr annually

LoP pasting AIADMK stickers on our flagship schemes, flays Regupathy

Murugan flays DMK's illusions, yet backs EPS's welfare splurge

PM Modi lauds Namakkal youth for reflections on Kashi Tamil Sangamam