Former Malaysian PM Arrested Over Corruption Scandal

By Firdaus Latif via Wikimedia Commons

Last Tuesday, Najib Razak, the former Prime Minister of Malaysia, was arrested in connection with an investigation into the millions of dollars that are missing from a state fund.

Anti-corruption agents in Malaysia arrested Najib and Malaysian authorities disclosed that he was scheduled to be charged in court last Wednesday.

Last May, Najib was replaced from office after he lost an election to Mahathir Mohamad, the 92-year old who re-opened the probe into the said scandal.

The inquiry centres on the 1Malaysia Development Berhad (1MDB) fund which was founded by Najib. Allegedly, the former Prime Minister has had millions of dollars embezzled from the said fund.

Currently, the scandal is the subject of money laundering investigations in six counties which includes the United States of America.

Talking to Reuters, a news agency, last June, Mahathir disclosed that embezzlement and bribery with government money were included among the charges that Malaysia was looking to file against Najib. He added that they had “an almost perfect case” against the former prime minister.

Last month, KPMG, the big four accountant, told 1MDB that its audits for the past three years do not present an accurate picture and should not be depended upon.

The US Department of Justice has claimed in lawsuits that over $4.5 billion (£3.4 billion) from 1MDB was laundered via shell companies and a complex web of transactions, of which approximately $681 million ended in the bank account of Najib.

Najib has previously denied all the wrongdoings that were charged against him.