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Friday November 15, 2024

Malaysia ex-PM arrested for corruption

September 20, 2018

KUALA LUMPUR: 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. Allegations that Najib and his cronies looted huge sums from the investment vehicle were a major factor in the shock defeat of his long-ruling coalition in elections in May, at the hands of a reformist alliance headed by Mahathir Mohamad. Mahathir, 93, in his second stint as premier after coming out of retirement to take on his ex-protege Najib, has reopened probes into 1MDB that were shut down by the former government, and vowed to bring Najib to justice.