Najib arrested, to be charged over RM2.6 billion

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KUALA LUMPUR, Sept 19 – Former prime minister Datuk Seri Najib Razak has been arrested by the Malaysian Anti-Corruption Commission (MACC) this afternoon and is expected to be charged for alleged abuse of power tomorrow.

He was detained shortly after arriving at the MACC headquarters in Putrajaya for questioning over the RM2.6 billion deposited into his personal bank accounts in early 2013.

In a statement issued by the MACC, the agency said ““Najib will face several charges under Section 23 (1) of the Malaysian Anti-Corruption Commission Act 2009. Najib will be charged at the Kuala Lumpur Sessions Court on Thursday at 3pm,” it said.

He had arrived at the MACC headquarters at 3pm and was officially placed under arrest at 4.13pm, according to the MACC.

700 cheques linked to 1MDB

Officers from the anti-graft agency had questioned him over the 700 cheques linked to the state-owned investment fund 1Malaysia Development Bhd (1MDB) scandal.

MACC is currently working with the police to record Najib’s statement before he is taken to court tomorrow.

On September 13, Deputy Inspector-General of Police Tan Sri Noor Rashid Ibrahim told reporters that investigations into 1MDB have revealed that US$972 million (RM2.973 billion) in funds flowed into Najib’s AmIslamic account.

He said the money were deposited into Najib’s account through three transactions, involving three companies, namely Good Star, Aabar and Tanore.

Noor Rashid added that police were investigating the Pekan MP under the Money Laundering Act and Anti-Money Laundering, Anti Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

Najib already facing 7 charges

In July, Najib was charged with three counts of criminal breach of trust as well with abuse of power over some RM42 million transferred into his bank account from former 1MDB subsidiary, SRC International.

Last month, he was charged with three counts of money laundering related to the same transaction, under the Anti-Money Laundering Act, Anti-Terrorism Financing Act and Proceeds of Unlawful Activities Act, or AMLA.

The High Court fixed Feb 12 to Feb 28 and March 4 to March 29 next year for trial.