Ex-PM Najib Razak charged in 1MBD corruption scandal

Riza Aziz

Mr Najib has always been accused of pocketing $700m (£517m) from the state development fund 1MDB, which he set up.

Shortly after his ouster, a vast trove of valuables was seized in raids on properties linked to Najib and his family, including cash, jewellery and luxury handbags, worth up to $273 million.

The attorney-general's case says the $10 million that Najib allegedly received via SRC was a bribe for approving government guarantees of loans totaling 4 billion ringgit ($1 billion) in 2011 and 2012 that were apparently became part of the ransacking underway at 1MDB.

The lead defence counsel also agreed with the Bar Council in labelling the 1MDB task force illegal, and questioned why it was able to bypass the AG and issue a statement that Najib was to be charged.

This story is developing.

US investigators allege that Najib's stepson's company, "Red Granite Pictures Inc., used money stolen from 1MDB to finance Hollywood films including the Martin Scorsese-directed 'The Wolf of Wall Street, ' " according to the AP.

The 64-year-old was beaten in a general election in May by his mentor-turned-foe Mahathir Mohamad, after the scandal became public.

Malaysia's former prime minister, Najib Razak, on Wednesday said he was innocent and had a chance to clear his name, hours after being charged with offences including abuse of power.

After coming to power in May Dr Mahathir has reopened investigations into 1MDB.




Najib's stepson Riza Aziz, an aspiring film producer, is also alleged to have used tens of millions of dollars from the fund to finance the Hollywood films The Wolf Of Wall Street, which starred Leonardo DiCaprio, Dumb and Dumber To and the Will Ferrell film Daddy's Home.

The shock election result upended Malaysia's political order.

SRC is the initial focus of Malaysian investigators as all the suspicious transactions involving the firm were made through Malaysian entities, unlike other 1MDB related transactions that went through foreign banks and companies.

A government official and an aide to former Malaysian Prime Minister Najib Razak say Najib has been arrested by anti-graft officials.

A spokeswoman for MACC told AFP the former leader was brought to the commission's headquarters in the administrative capital Putrajaya outside Kuala Lumpur.

"I am touched by the presence of my supporters who are here to give me moral support even though I did not call for a movement, but they came willingly", Najib added.

"Najib has to answer the allegations".

"We are law-abiding; we follow the rule of law".

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