Malaysia Ex-PM Arrested Over $628M Linked To 1MDB, To Be Charged

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Malaysia Ex-PM Arrested Over $628M Linked To 1MDB, To Be Charged- Surge Zirc
Malaysia’s former prime minister Najib Razak (centre) leaves Duta court complex in Kuala Lumpur on August 08, 2018/ Photo credit: AFP

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 Razak as part of its investigations into the fund and “the entry of 2.6 billion ringgit ($628 million) into his personal account”.

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Allegations that huge sums were looted from the investment vehicle by Najib Razak 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.

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The attorney-general later cleared him of any wrongdoing, saying the money was a personal donation from the Saudi royal family.

Najib will appear in court Thursday afternoon to be charged over the allegations, the anti-corruption commission said.

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