Tip News

August 11, 2020

Malaysia's toppled leader to face new charges - Tip News

Malaysia's toppled leader to face new charges

Malaysia's toppled leader to face new charges
'Najib (C) is surrounded as he leaves court after posting bail in early July: he reportedly faces fresh charges' - By: AFP/File MOHD RASFAN

Malaysia's disgraced ex-leader Najib Razak will face new charges in court Wednesday under anti-money laundering laws in a case linked to a multi-billion-dollar graft scandal, authorities said.

The announcement came after Najib, who suffered a shock defeat in May elections, was summoned for a new round of questioning by the anti-corruption agency.

Najib was arrested last month and charged with criminal breach of trust and abusing his position over accusations he pocketed 42 million ringgit ($10.3 million). The new charges he faces are in relation to the same case, the anti-graft agency said in a statement.

All the charges relate to the scandal surrounding sovereign wealth fund 1MDB, which was set up and overseen by Najib.

The former leader, his family and cronies are accused of embezzling huge sums that were used to buy everything from artwork to high-end real estate in a sophisticated fraud that spanned the globe.

The graft allegations were a major factor in the defeat of Najib's long-ruling coalition by a reformist alliance headed by political heavyweight Mahathir Mohamad, 93.

After questioning Najib Tuesday for 45 minutes, the anti-graft agency said he would be charged under the anti-money laundering law in relation to SRC International, an energy company that used to be a subsidiary of 1MDB.

He is to face three new charges, the official news agency Bernama reported.

According to an investigation by the Wall Street Journal, about $10 million originating from SRC was transferred to Najib's personal bank accounts.

Najib has so far pleaded not guilty to all charges against him.

Shortly after his downfall, a treasure trove of valuables was seized in raids on properties linked to Najib and his family -- including cash, jewellery and luxury handbags -- worth up to $273 million.

Short link: https://tipnews.com/u/NTk5NTk=

See also:

Related articles

'First woman physio' breaks down barriers in China football

'First woman physio' breaks down barriers in China football

Erica Hernandez calls herself the first woman physio in Chinese professional football -- but the Spaniard is certain that she will not be the last.Together with husband Jordi Escura, a former Andorra defender, they head up medical services at Chinese Super Lea

Facebook creates unit devoted to financial services

Facebook creates unit devoted to financial services

Facebook on Monday said it has created a new unit devoted to financial services to harmonize payment systems on its platform.The new group, called Facebook Financial, will be headed by e-commerce veteran David Marcus, who was a president at PayPal before joini

Thousands protest in Poland after LGBT activist's arrest

Thousands protest in Poland after LGBT activist's arrest

Thousands of people protested across Poland on Saturday waving rainbow flags, a day after a gay rights activist was taken into custody for two months of pre-trial detention.About 50 demonstrators were also detained by police on Friday as the activist, who iden

Gunmen kill 21 villagers in northern Nigeria: police

Gunmen kill 21 villagers in northern Nigeria: police

Gunmen have killed 21 villagers in northern Nigeria's Kaduna state, police said Friday, in the latest deadly violence between ethnic Fulani herders and local farmers over grazing and water rights.Community leaders however said a higher total of 33 people were



HELLO, PLEASE TAKE A MOMENT TO RATE THIS POST Malaysia's toppled leader to face new charges

Sending comment Close