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Malaysia's toppled leader to face new charges

AFP  |  Kuala Lumpur 

Malaysia's disgraced ex-leader will face new charges in court today under anti-laws in a case linked to a multi-billion-dollar graft scandal, authorities said.

The announcement came after Najib, who suffered a shock defeat in May elections, was summoned for a new round of questioning by the anti-corruption agency.

Najib was arrested last month and charged with criminal breach of trust and abusing his position over accusations he pocketed 42 million ringgit (USD 10.3 million). The new charges he faces are in relation to the same case, the anti-graft agency said in a statement.

All the charges relate to the scandal surrounding sovereign wealth fund 1MDB, which was set up and overseen by Najib.

The former leader, his family and cronies are accused of embezzling huge sums that were used to buy everything from artwork to high-end in a sophisticated fraud that spanned the globe.

The graft allegations were a major factor in the defeat of Najib's long-ruling coalition by a reformist alliance headed by political heavyweight Mahathir Mohamad, 93.

After questioning Najib Tuesday for 45 minutes, the anti-graft agency said he would be charged under the anti-law in relation to SRC International, an company that used to be a subsidiary of He is to face three new charges, the official agency reported.

According to an investigation by the Wall Street Journal, about USD 10 million originating from SRC was transferred to Najib's

Najib has so far pleaded not guilty to all charges against him. Shortly after his downfall, a treasure trove of valuables was seized in raids on properties linked to Najib and his family -- including cash, jewellery and luxury handbags -- worth up to USD 273 million.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 07 2018. 19:20 IST
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