Tip News

November 13, 2018

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

Opposition chief Navalny says barred from leaving Russia

Opposition chief Navalny says barred from leaving Russia

Russian opposition leader Alexei Navalny said Tuesday he was prevented from flying out of Moscow for a European court ruling on whether his recent detentions have been politically motivated."Border guards are saying that leaving is forbidden for me," Navalny

Benzema associates in police custody over extorsion bid

Benzema associates in police custody over extorsion bid

Three acquaintances of Real Madrid star Karim Benzema were in French police custody Tuesday over suspected extorsion, sources close to the case confirmed to AFP.The arrests follow a complaint by a former friend of Benzema, named as Leo D., who alleges he was t

US hate crimes surge in Trump's first year: FBI

US hate crimes surge in Trump's first year: FBI

Hate crimes surged 17 percent in the United States in Donald Trump's first year as president, the Federal Bureau of Investigation said in a new report Tuesday.The FBI said that 7,175 hate crimes were reported during 2017, compared to 6,121 in 2016.Hate crimes

EU says Romania has backtracked on court reforms

EU says Romania has backtracked on court reforms

The European Commission complained Tuesday that Romania has gone back on court reforms, urging Bucharest to revive efforts immediately to fight corruption and ensure judicial independence.The European Union's executive arm highlighted growing concerns about t

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

Sending comment Close