Ex-Malaysian PM Najib to be charged after dramatic fall from power
Jul 04, 2018 04:42 AM GMT+0530 | 1 Comment(s)
AFP - Former Malaysian prime minister Najib Razak is set to be charged Wednesday after he was arrested in an anti-corruption investigation, as his spectacular fall from grace sees him become the country's first ex-leader to be taken to court.
Najib, 64, was detained Tuesday as the government of Prime Minister Mahathir Mohamad intensified a probe on corruption during his rule, including the alleged siphoning off of billions of dollars from state fund 1MDB.
The arrest is the latest in a series of stunning moves by investigators that suggest the legal noose is tightening around Najib, his family and many of his close political and business allies.
Malaysia's state news agency Bernama said the former premier is expected to face more than 10 counts of committing criminal breach of trust linked to SRC International Sdn Bhd, an energy company that was originally a subsidiary of 1MDB, which Najib founded.
"Najib is the first (former) prime minister ever to be charged in court in the history of Malaysia," said Tian Chua, vice president of Parti Keadilan Rakyat, a key political party in the current ruling coalition.
"It signals a new era where no one in public office will be immune from punitive action if they abuse power," he added.
According to an investigation by the Wall Street Journal, $10.6 million originating from SRC was transferred to Najib's personal bank accounts, a fraction of hundreds of millions of dollars from 1MDB that was allegedly funnelled to him.
The newly appointed attorney general Tommy Thomas will lead the prosecution team, Bernama said.
Lawyers familiar with corruption cases told AFP they expect the charges to be read to Najib and a plea would be taken. His lawyers are expected to apply for bail.
Allegations of massive corruption were a major factor behind the shock election loss in May of Najib's long-ruling coalition to a reformist alliance headed by his former mentor Mahathir, who turns 93 next week.
A press statement issued by Najib's camp late Tuesday said the impending charges and other investigations "are politically motivated and the result of political vengeance" under Mahathir.
It vowed that Najib "will contest these charges and clear his name in court".
Najib and his allies are accused of plundering billions of dollars from the 1MDB to buy everything from US real estate to artworks.
Shortly after his downfall, a treasure 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.
He and his luxury-loving wife Rosmah Mansor were questioned by investigators, as were his stepson Riza Aziz, whose firm produced the hit 2013 movie "The Wolf of Wall Street", and his former deputy Zahid Hamidi.
Najib and the fund deny any wrongdoing.
Since the election loss Najib has been banned from leaving the country and has found himself at the centre of a widening graft probe.
Najib spent the night at the headquarters of the Malaysian Anti-Corruption Commission (MACC) and will be whisked to court on Wednesday morning, officials said.
"Now the case is entering the judicial process and the law (will) have to take its course," Oh Ei Sun, from Malaysian think-tank the Pacific Research Center, told AFP