Malaysia Ex-Prime Minster Arrested Over $628 Mn Linked To 1MDB, To Be Charged

Malaysia's toppled leader Najib Razak was arrested Wednesday and will be charged over allegations that $628 million linked to state investment fund 1MDB ended up in his personal bank accounts, officials said.

Kuala Lumpur, (APP - UrduPoint / Pakistan Point News - 19th Sep, 2018 ) :Malaysia's toppled leader Najib Razak was arrested Wednesday and will be charged over allegations that $628 million linked to state investment fund 1MDB ended up in his personal bank accounts, officials said.

The Malaysian Anti-Corruption Commission said in a statement that it had detained Najib as part of its investigations into the fund and "the entry of 2.6 billion Ringgit ($628 million) into his personal account".

Allegations that huge sums were looted from the investment vehicle by Najib and his cronies were a major factor in the shock defeat of his long-ruling coalition at elections in May to a reformist alliance headed by Mahathir Mohamad.

Since losing power, Najib has already been arrested and hit with seven charges related to claims he pocketed some $10 million from a former unit of 1MDB.

However his arrest Wednesday related directly to one of the most damaging allegations in the long-running scandal -- that huge sums from the fund flowed into his bank accounts ahead of a hotly contested election in 2013.

When the allegations surfaced in 2015, they dramatically ratcheted up the scandal surrounding Najib and his inner circle.

The attorney-general later cleared him of any wrongdoing, saying the money was a personal donation.

Najib will appear in court Thursday afternoon to be charged over the allegations,the anti-corruption commission said.