Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Tuesday, August 20, 2019 01:24:32 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter
BREAKING NEWS:

Malaysia's toppled leader to face new questioning, charges

photo by AP photo

Former Malaysian prime minister Najib Razak was set to face further questioning Tuesday by the country\'s anti-corruption agency.

By
08th-Aug-2018       
Comments
Share your thought
Post a comment »
Read all () »

AFP, Kuala Lumpur :
Malaysia's disgraced ex-leader Najib Razak was set to face further questioning Tuesday by the country's anti-corruption agency and will be hit with more criminal charges, official media reported.
Najib, who unexpectedly lost power at elections in May, was arrested and charged last month with three counts of criminal breach of trust and a separate charge that he abused his position to pocket 42 million ringgit ($10.3 million).
Malaysia's new government is probing the disappearance of billions of dollars from sovereign wealth fund 1MDB, which was set up and overseen by Najib.
The former leader, his family and cronies are accused of embezzling huge sums that were used to buy everything from artwork to high-end real estate in a sophisticated fraud that spanned the globe.
The graft allegations were a major factor in the defeat of Najib's long-ruling coalition by a reformist alliance headed by political heavyweight Mahathir Mohamad, 93.
Najib was due to be questioned at the Malaysian Anti-Corruption Commission later in the afternoon, official news agency Bernama reported.
He will be slapped with three additional charges related to money-laundering when he appears in court Wednesday, Bernama reported. They are linked to SRC International, an energy company that was originally a subsidiary of 1MDB, it said.
According to an investigation by the Wall Street Journal, $10.6 million originating from SRC was transferred to Najib's personal bank accounts. The first charges against Najib also related to SRC.
Najib has pleaded not guilty to all charges against him.
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.
Meanwhile, a luxury yacht allegedly paid for with funds from a multi-billion-dollar scandal that helped topple Malaysia's government arrived outside Kuala Lumpur Tuesday, with authorities hoping it will help in their prosecution of the country's disgraced former leader.
The 300-foot (90-metre) Equanimity, equipped with pool, helicopter landing pad and cinema, belonged to Jho Low, a flamboyant international financier who allegedly played a central role in the 1MDB controversy that has engulfed former prime minister Najib Razak.
The yacht - worth about $250 million - was handed over by Indonesian authorities who had seized it off the tourist island of Bali in February.
The large, blue and white boat arrived in Port Klang, west of the capital, after setting sail from the Indonesian island of Batam. It was accompanied by a Malaysian navy frigate and three smaller vessels.
A large team of officials was seen entering the yacht. Malaysia's attorney-general welcomed the boat being turned over, and said that "sensitive and delicate negotiations" had taken place between Malaysia, Indonesia and the US to ensure it happened.
Indonesian authorities impounded the boat on a request from the US Department of Justice, which is seeking to seize $1.7 billion of assets allegedly bought with money looted from Malaysian sovereign wealth fund 1MDB.
Najib, his cronies and family members are accused of stealing huge sums from 1MDB in a sophisticated fraud that spanned the globe.

Tariff
Add Rate

News Archive

Inside The New Nation

Football »

In 1 game, Bale shows he can still contribute at Real Madrid


AP, Madrid :Just like that, Gareth Bale is part of the solution for Real Madrid again.After only one game back as a starter, the player who wasn't wanted by coach Zinedine Zidane a few weeks ago showed he can still contribute to the team.Zidane started Bale in the team's Spanish ...

International »

Sudanese army and civilians seal interim power-sharing deal


Reuters, Khartoum :Sudan's main opposition coalition and the ruling military council on Saturday signed a final power-sharing deal that paves the way for a transitional government, and eventually elections, following the overthrow of long-time leader Omar al-Bashir.Tens of thousands of people of all ages took to the streets of the ...

Entertainment »

Bindu Kona’s Eid celebration


Sheikh Arif Bulbon :Bindu Kona is a popular singer of present time. Eid celebration of the singers is really exceptional to them specially for whom who has to be engaged with stage shows round the year. Bindu Kona has to engage with stage shows round the year in and outside ...

Football »

Bayern Munich target Coutinho arrives for medical ahead of loan move


Philippe Coutinho has arrived at Bayern Munich to complete his medical as he edges closer to sealing his loan move from Barcelona.The Brazilian midfielder has agreed to join the Bundesliga champions on a season-long loan deal - with Bayern having the option to make the deal permanent at the end ...

Editorial »

Find out a sustainable solution to protect leather market


ALTHOUGH tanners were supposed to start buying rawhide at the government-fixed rates, merchants refused to sell, demanding the payment of a "considerable" portion of their arrears. It comes after seasonal traders, farmers and madrasas across the country threw away thousands of pieces of rawhide of sacrificial animals, approximately Tk 100 ...

International »

British MPs press Johnson to recall parliament over Brexit


British Prime Minister Boris Johnson came under pressure Sunday to immediately recall lawmakers from their summer holiday so parliament can debate Brexit.More than 100 MPs have written to Johnson to urge him to reconvene and let them sit permanently until October 31 - the date Britain is due to leave ...

City »

Aporajeyo Bangladesh, a social organisation, formed a human chain in front of the Jatiya Press Club yesterday demanding punishment to the persons responsible for low-price of hide and skins.


Editorial »

Jugglery of growth figures failed to create jobs


BANGLADESH'S economic growth though mesmerising, it has been proved over the past decade that jobs could not be created proportionately for the youths keeping adjustment with the growth. Besides, female participation in the labour force shrank in the last nine years, especially in rural areas. As a result employment elasticity, ...

Cricket »

Mashrafe seeks two months to ponder about his retirement


The Bangladesh Cricket Board (BCB) has shelved the idea of arranging a one-off ODI against Zimbabwe to give Mashrafe Bin Mortaza a grand farewell after the ODI captain asked the board to give him two months to think about his future.The decision to cancel the plan came after BCB president ...

Football »

Guardiola backs Sterling to reach 30-goal mark


AFP, Manchester :Pep Guardiola wants to see the on-form Raheem Sterling break the 30-goal barrier for the first time in his career this season, but will only judge the England forward on his overall contribution to the Manchester City team.Sterling has started the new campaign in prolific form, scoring in ...

City »

Bangabandu Sangskritik Jote paid tributes to Poet Shamsur Rahman by placing floral wreaths at his grave in the city's Banani on Saturday marking the 13th death anniversary of the poet.


International »

Hundreds defy restrictions, join protests in Kashmir


AP, New Delhi :Hundreds of people protested an unprecedented security crackdown and clashed with police Friday in Indian-controlled Kashmir, as India's government said it was constantly reviewing the situation in the disputed region and the restrictions there will be removed over the next few days.The U.N. Security Council met on ...

International »

Discussions on Afghan peace deal go ‘very well’, says Trump's spokesman


The White House says President Donald Trump's talks with his national security advisers to discuss Afghan peace talks went "very well" and that negotiations with the Taliban "are proceeding."Officials on August 16 said Trump was meeting with his top advisers to review negotiations with the extremist group about a possible ...

Entertainment »

Kona finally admits her secret marriage


Entertainment Desk :Popular singer Dilshad Nahar Kona revealed  on Thursday  that she had tied the knot with the person she loved, on April 21 of this year. Her husband, Golam Md Iftekhar, is a businessman, and has been in a relationship with Kona for seven years.Kona was heard saying to ...

Editorial »

Clashes among groups of govt followers on national mourning day


NEWSPAPERS reported that at least 22 people, including former Awami League lawmaker of Nilphamari-3 and upazila unit AL vice-president Golam Mustafa, were injured in a clash between two rival groups of the party in Jaldhaka of Nilphamari on Thursday. The clash took place when the groups hosted separate programmes to ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news