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Malaysia's anti-graft agency summons former PM Najib

By VNA
Published: August 08, 2018

Malaysia’s anti-graft agency has requested former Prime Minister Najib Razak, who has been involved in the 1 Malaysia Development Berhad (1MDB) scandal, to appear at its office on 7 August.

Malaysia's former Prime Minister Najib Razak (Source: The Financial Express)
Malaysia's former Prime Minister Najib Razak (Source: The Financial Express)

Najib was asked to appear at the Malaysian Anti-Corruption Commission’s office at 5pm (local time), according to The Daily Star.

Both MACC and Najib’s spokesman did not immediately respond to a request for comment.

Najib was arrested on 3 July for corruption-related charges over his involvement in the multi-billion-dollar 1MBD scandal. He was later released on bail.

He was charged with three counts of criminal breach of trust in his former posts as a prime minister and minister of finance, in association with the transfer of 42 million ringgit, or 10 million USD, from SRC International Sdn Bhd to his personal bank accounts between August 2011 and March 2015. He also faced one count of corruption.

Each count carries a fine and a sentence of up to 20 years in prison. However, Najib pleaded not guilty to all charges at the court.

Najib founded the 1MDB investment fund in 2009, supposedly to serve Malaysia’s development through global partnerships and foreign direct investment.

However, it became the centre of a money laundering scandal, allegedly causing losses of up to 3.7 billion USD and leading to probes into the financial markets in several countries such as the US, Switzerland, Singapore, Malaysia and China.

From the raids on several of Najib’s properties in Kuala Lumpur, police seized valuables worth up to 273 million USD. His trial is scheduled to begin in February next year.

(Source: VNA)

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