• News
  • World Media

Former Malaysian Prime Minister arrested over 1MDB corruption scandal

Former Malaysian Prime Minister arrested over 1MDB corruption scandal

A two-minute pre-recorded video narrated by Datuk Seri Najib Razak emerged on the social media accounts of the former Malaysian prime minister on Tuesday (July 3), claiming his innocence hours after his arrest.

It follows an investigation into how billions of dollars went missing from a state fund - which he founded a decade ago.

Alleged corruption at the 1MDB fund led to the surprise defeat of Najib's coalition in May 9 polls.

This story is developing.

The United Malays National Organisation (UMNO) is believed to have received funds from 1MDB, which is the subject of money laundering probes in at least six countries.

Najib, as Malaysia's prime minister, wielded significant power over the state's institutions and quashed an investigation into misappropriation of 1MDB funds.

Most recently, his stepson Riza Aziz was also called into the MACC's headquarters today for questioning relating to the scandal.

The authorities picked up Mr. Najib from his home after serving him with a remand order, two sources close to the family said.

Najib and his cronies were accused of plundering billions of dollars from the 1MDB sovereign wealth fund to buy everything from United States real estate to artworks. He is due to be charged in court on Wednesday morning.

TRT World spoke with Zan Azlee in Kuala Lumpur for more details.

A 1MDB taskforce set up by the government this week said 408 bank accounts involving funds of almost 1.1 billion ringgit had been frozen.

Civil lawsuits filed by the US Department of Justice allege that almost US$4.5 billion ($6.7 billion) was misappropriated from 1MDB.

Red Granite agreed in March to pay the U.S. government $60m to settle claims it benefited from the 1MDB scandal. That includes real estate, art and proceeds from "The Wolf of Wall Street", which was directed by Martin Scorsese and starred Leonardo DiCaprio.

Leave Your Comment

Leave Your Comment

Latest News

Breaking News


US Chamber Of Commerce Launches Campaign Against Trump Tariffs

By brawling with America's friends, critics say , Trump has squandered an opportunity to build a united front against China. Traders are reacting to retaliatory events and the imposition of fresh tariffs at the end of the week.

Mexico blown out, but advances | Professional

Sweden and Germany are tied at 3 points, so a Mexico win or tie will automatically send them into the elimination stage. Captain Andreas Granqvist puts the ball beyond the reach of Guillermo Ochoa to double the advantage for his side.

India vs Ireland 1st T20I Live Streaming on Sony Six

Joining Dhoni on the sidelines were Shikhar Dhawan and, as expected, the two opening bowlers Jasprit Bumrah and Bhuvneshwar Kumar. Perhaps it was a marker of this crucial impending assignment that India chose to stay on and practice in London on Monday.

Lewis Hamilton on pole position for French Grand Prix

Apart from the colourful lines it is hard to tell where the hell you are most of the time which is the part that I dislike. A wheel then came off Sergio Perez's Force India vehicle at speed on the Mistral straight in the late afternoon.

Saudi officers hand out roses to women drivers in historic moment

Many haven't had a chance to take the gender-segregated driving courses that were first offered to women only a few months ago. Saudia Arabia's transformation, including allowing women greater freedoms and equality, may be essential to its economy.

Zsa Zsa, the English bulldog, wins World's Ugliest Dog title

Last year's victor , a delightfully floppy and seemingly half-melted Neapolitan Mastiff named Martha, didn't compete this year. Some of this year's contestants had hairless bodies, others had lolling tongues.

OPEC agrees to pump more oil and crude prices jump

Al-Falih said after Saturday's meeting in Vienna that tweets from Trump were "reflective of his concern for American consumers". The next formal OPEC meeting was set for December 3.

Efforts to limit partisan gerrymandering falter at Supreme Court

Over the past few decades, computer software programs have vastly improved the art of line-drawing for partisan advantage. In 2004, Kennedy hinted that he might be willing to limit partisan gerrymandering under the First Amendment.

Summer solstice 2018: Fun facts about the official start of summer

Today, June 21, is summer solstice and in the United Kingdom , the exact time of the solstice is 11.07am. People enjoy an afternoon along the boardwalk at Coney Island on a hot day on June 14 in New York City.

Senegal fans spotted cleaning up after themselves after Poland victory

Senegal will hope to emulate the pioneering team of 2002 captained by Cisse, now the national coach. Senegal caused a major uproar when it beat France in its first World Cup 2002 match.