Malaysia ex-PM faces 21 new charges over 1MDB scandal
Malaysia’s ex-leader Najib Razak is facing 21 money-laundering charges related to a transfer of $681 million into his bank account, police said Thursday, following his arrest over the multi-billion-dollar 1MDB scandal.
Najib is expected to be charged in court Thursday afternoon after being detained a day earlier by anti-corruption investigators.
He has already been hit with seven charges over state fund 1MDB since unexpectedly losing power in May, but observers said the latest accusations against him are the most serious yet.
Allegations that the politician and his cronies looted huge sums from the investment vehicle were a major factor in the shock defeat of his long-ruling coalition at the hands of a reformist alliance headed by Mahathir Mohamad.
Police questioned Najib Thursday morning….
Source: Seychelles News Agency