Former Prime Minister Najib Razak at a press conference in September 2018 (Photo: VNA)Kuala Lumpur (VNA) –The Malaysian Anti-Corruption Commission (MACC) on December 10 arrested formerPrime Minister Najib Razak over alleged tampering of the 1Malaysia DevelopmentBerhad (1MDB) audit report.
Najib was arrested around 11am at the MACC headquarters here, minutes after hearrived for a fresh round of questioning over the issue.
MACC sources,however, said that he would be released if he can come up with money for bail.
Malaysiakini newspaper said theformer PM is expected to be charged on December 12.
On Nov 25,Auditor-General Tan Sri Madinah Mohamad said that parts of the 1MDB final auditreport were removed. These sections mentioned the presence of fugitivebusinessman Low Taek Jho, also known as Jho Low.
Jho Low, who used to do consulting work for the 1MDB, has been accused of money launderingrelating to the fund by both Malaysia and the US.
1MDB is aninvestment fund formed by Najib Razak in 2009 with the aim of servingMalaysia’s development through global partnerships and foreign directinvestment.
Najib has beenaccused of involving in the loss of billions of USD in the bank’s transactionswith foreign partners. The fund and Najib have repeatedly rejected the accusation.
After assumingpower, PM Mahathir Mohamad declared to give priority to addressing corruptionand taking back losses of the fund.-VNA
VNA
