Former Malaysian prime minister Najib arrested on graft charges

Former Malaysian prime minister Najib arrested on graft charges

Former Malaysian prime minister Najib arrested on graft charges

It has been alleged that out of billions of ringgit found in his personal accounts, Mr Najib received RM42 million (S$14.2 million) from SRC.

- The Justice Department says more than US$4.5 billion was siphoned from 1MDB by high-level fund officials and their associates.

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"This is arising from the first MACC IP (investigation papers) given to my office three weeks ago".

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

After almost seven hours in court, former prime minister Datuk Seri Najib Abdul Razak said that if the charges meted out against him was the price he had to pay for his 42 years of government service, then he would gladly accept it. He also says investigators have an "almost ideal case" against the former leader.

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"I am confident of my innocence, I believe in my innocence and this is the best chance to clear my name", Najib told reporters outside the courtroom after being released on bail.

The trial date has been set for Feb 18 next year. It slammed the charges to be made against Najib as "politically motivated and the result of political vengeance" by new Prime Minister Mahathir Mohamad.

The new government has reopened investigations into 1MDB that were stifled under Najib's rule.

Earlier Tuesday, the anti-corruption agency questioned Riza Aziz, Najib's stepson and a Hollywood film producer, as it stepped up its probe on 1MDB.

Former prime minister Najib Razak will be charged this morning over the 1MDB scandal that plagued the final years of his leadership.

The case was transferred to the High Court and Najib pleaded not guilty to the charges.

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The MACC, however, did not specify the charges he will face.

Some members of Najib's UMNO party chanted and held up placards in support of their former leader.

Bridget Welsh, a Southeast Asia expert at John Cabot University in Rome, said Najib's arrest was the "inevitable outcome" after he lost power.

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

SRC International was a subsidiary of 1Malaysia Development Berhad (1MDB), and was placed under the jurisdiction of the Finance Ministry in 2012, Bernama reported.

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