Malaysia Ex-Prime Minster Arrested Over $628 Mn Linked To 1MDB, To Be Charged
Fahad Shabbir (@FahadShabbir) Published September 19, 2018 | 05:27 PM
Malaysia's toppled leader Najib Razak was arrested Wednesday and will be charged over allegations that $628 million linked to state investment fund 1MDB ended up in his personal bank accounts, officials said.
Kuala Lumpur, (APP - UrduPoint / Pakistan Point News - 19th Sep, 2018 ) :Malaysia's toppled leader Najib Razak was arrested Wednesday and will be charged over allegations that $628 million linked to state investment fund 1MDB ended up in his personal bank accounts, officials said.
The Malaysian Anti-Corruption Commission said in a statement that it had detained Najib as part of its investigations into the fund and "the entry of 2.6 billion Ringgit ($628 million) into his personal account".
Allegations that huge sums were looted from the investment vehicle by Najib and his cronies were a major factor in the shock defeat of his long-ruling coalition at elections in May to a reformist alliance headed by Mahathir Mohamad.
Since losing power, Najib has already been arrested and hit with seven charges related to claims he pocketed some $10 million from a former unit of 1MDB.
However his arrest Wednesday related directly to one of the most damaging allegations in the long-running scandal -- that huge sums from the fund flowed into his bank accounts ahead of a hotly contested election in 2013.
When the allegations surfaced in 2015, they dramatically ratcheted up the scandal surrounding Najib and his inner circle.
The attorney-general later cleared him of any wrongdoing, saying the money was a personal donation.
Najib will appear in court Thursday afternoon to be charged over the allegations,the anti-corruption commission said.
Related Topics
Recent Stories
Govt bringing reforms in energy, revenue collection, SOEs: Aurangzeb
Pakistan, New Zealand to face off in 2nd T20I match at Rawalpindi today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 20 April 2024
Today Gold Rate in Pakistan 20 April 2024
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
More Stories From World
-
42 Neolithic sites found in NE China
9 minutes ago -
Scottish independence supporters seek to inject life into faltering campaign
19 minutes ago -
Georgia's youth dominates pro-Europe street protests
39 minutes ago -
Polyester staple fiber factory operational in Xinjiang
48 minutes ago -
China issues orange alert for rainstorms
48 minutes ago -
China's weekly coastal bulk freight index up
49 minutes ago
-
U.S. stocks end mixed as fear index rises
49 minutes ago -
Three injured after chemical plant fire in U.S. Houston
49 minutes ago -
China tests new freight train with heaviest load capacity
59 minutes ago -
AI a 'fundamental change in the news ecosystem': expert
1 hour ago -
AI's relentless rise gives journalists tough choices
2 hours ago -
Formula One: Chinese Grand Prix sprint race results
2 hours ago