Malaysia ex-PM Najib quizzed by graft agency

PUTRAJAYA: Scandal-tainted former Malaysian chief Najib Razak arrived nowadays at the anti-corruption company for questioning over a massive financial scandal that helped to convey down his long-ruling regime.
Najib's coalition suffered a shock defeat at the May 9 poll, beaten through a reformist alliance led through Mahathir Mohamad, which broke their six-decade stranglehold on power.

Mahathir, who first served as premier from 1981-2003 and came out of retirement elderly 92 to take on Najib, and his allies focused on claims that the former chief and his cronies looted sovereign wealth fund 1MDB.

Billions of bucks had been allegedly stolen from the fund in an advanced fraud, and used to buy everything from artistic endeavors to high-end real estate.

Najib and his reviled, luxury-loving wife Rosmah Mansor have had a swift fall from grace. They had been barred from leaving the rustic, and police have seized handbags, jewels and cash right through raids on houses connected to the couple.

The ousted chief arrived at the Malaysian Anti-Corruption Commission (MACC) headquarters within the administrative capital of Putrajaya, walking through a scrum of about 100 reporters.

Najib used to be summoned through the MACC to present a commentary over claims surrounding SRC International, an energy company that used to be initially a subsidiary of 1MDB, and forms only one part of the wide-ranging probe into the scandal.

SRC used to be placed underneath the finance ministry in 2012 -- Najib used to be finance minister as well as premier at the time.

According to an investigation through the Wall Street Journal, $10.6 million originating from SRC used to be transferred to Najib's private bank accounts.


Hundreds of millions of bucks from 1MDB allegedly ended up there. Najib and 1MDB have denied any wrongdoing. A home investigation introduced right through his premiership concluded that the cash in his accounts used to be a donation from the Saudi royal circle of relatives.


Abdul Razak Idris, a former senior officer with the anti-graft company who last week lodged reports in opposition to Najib, praised the frame for briefly hauling in Najib.


"If we delay, a lot of evidence can be lost or tampered with," he told AFP. As reports proliferated lately that billions had been looted from 1MDB, Najib's government shut down home inquiries into the scandal, arrested critics calling for a complete investigations and muzzled news organisations reporting at the affair.


Mahathir has vowed to fully examine the financial scandal. Yesterday, the brand new government arrange a task drive headed through high-ranking current and senior officials to probe the controversy.
Malaysia ex-PM Najib quizzed by graft agency Malaysia ex-PM Najib quizzed by graft agency Reviewed by Kailash on May 23, 2018 Rating: 5
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