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Fmr.+Malaysian+PM+arrested+for+corruption
Tuesday, 03 July 2018 - 15:31
Fmr. Malaysian PM arrested for corruption
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Former Malaysian Prime Minister Najib Razak has been arrested by anti-corruption authorities and is due to be charged tomorrow (Jul 04).
 
Najib, who has long been plagued by allegations of corruption, has been accused of pocketing $700 mn from state development fund 1MDB.
 
Billions of dollars are unaccounted for from the fund, set up by Najib.
 
He has been under investigation since his shock election loss in May.
 
Najib denies wrongdoing.
 
According to a statement by the 1MDB special task force, Najib was arrested at 14:35 local time (06:35 GMT) at his house in relation to matters dealing with SRC, a subsidiary of 1MDB.
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