KUALA LUMPUR, Malaysia—Former Malaysian Prime Minister Najib Razak was arrested Wednesday by antigraft authorities in connection with the 1MDB financial scandal over his alleged receipt of more than $600 million into his personal bank account.
The authorities said that Mr. Najib was being held at the antigraft agency’s headquarters and would be transferred to a court Thursday to face several charges once approved by the Southeast Asian country’s attorney general.
Mr. Najib, who lost office in a surprise election defeat in May, already faces seven charges including abuse of power and money-laundering stemming from the scandal around 1Malaysia Development Bhd., a state fund that he created to boost development but which has become a target of investigations in several countries.
The new Malaysian government is seeking to recover billions of dollars believed to have been siphoned from the fund. Bank records show that 2.6 billion ringgit ($681 million when first reported by the Wall Street Journal three years ago; $627 million now) went into Mr. Najib’s personal accounts.
Mr. Najib has denied any wrongdoing.
Write to Yantoultra Ngui at yantoultra.ngui@wsj.com
Bagikan Berita Ini
Related Posts :
Myanmar and Bangladesh Move Toward Rohingya's Return, but Hurdles Remain- Myanmar, Bangladesh ink Rohingya return deal amid concern over army's role
- US, S. Korean Soldiers Get Medals for Rescue of N. Korean Defector
- Zimbabwe's Robert Mugabe granted immunity, military says
- Meet Zimbabwe's New Boss, Same as the Old Boss