Ex-Malaysia PM to face graft probe as police seize jewellery - free news

Breaking News, Latest News and Current News from FOXNews.com. Breaking news and video. Latest Current News: U.S., World, Entertainment, Health

Saturday, 19 May 2018

Ex-Malaysia PM to face graft probe as police seize jewellery

KUALA LUMPUR: Ousted Malaysian Prime Minister Najib Razak has been summoned by the anti-graft agency amid a probe into troubled state fund 1MDB, sources said on Friday, after police launched pre-dawn raids on premises linked to Najib and confiscated jewellery, luxury handbags and cash.Police have been searching Najib´s home and other places as part of an investigation into scandal-plagued 1Malaysia Development Berhad (1MDB), an extraordinary turn of events that few would have predicted before his shock defeat in the May 9 general election. The embattled former premier is to meet Malaysian Anti-Corruption Commission (MACC) officers on Tuesday.Three commission sources confirmed that a notice had been served on Najib to give his statement in relation to their probe on SRC International, a former unit of 1MDB. “It has been done,” one source said when asked if the notice had been delivered to Najib at his family home.A member of a panel that reviewed the MACC´s files on 1MDB found that the commission had evidence that Najib received $10.5 million from SRC International. Najib´s lawyer declined to comment on the MACC summons. Najib has denied wrongdoing.The investigations started barely a week after Najib´s ruling coalition suffered a spectacular loss to an opposition bloc led by his former mentor, Mahathir Mohamad, 92, the first change of government since Malaysia gained independence from Britain in 1957.Mahathir on Friday announced his cabinet of 15 senior ministers who will take their oath of office on Monday. Police seized 284 boxes of designer handbags and dozens of bags filled with cash and jewellery in the raid on a luxury condominium in the centre of Kuala Lumpur linked to Najib. Items such as Birkin handbags from Hermes, watches and other valuables were carted out of the condominium at the upmarket Pavilion Residences, police said.“Exactly how much jewellery, I would not be able to say, because we know that we confiscated bags containing jewellery and the number of jewellery is rather big,” Amar Singh, director of police commercial crime investigations, told reporters. Mahathir has barred Najib and his wife, Rosmah Mansor, from leaving the country.Mahathir says there is sufficient evidence to investigate the multi-billion-dollar scandal at the 1MDB fund that Najib founded. Authorities in six countries, including the United States, are also investigating the fund. Najib´s lawyer on Thursday denounced the search of Najib´s home as “harassment”. Critics of Najib have often accused his wife of lavish spending, which they say was done with public fundsThe US Justice Department said last year in a filing in a civil lawsuit that nearly $30 million of funds stolen from 1MDB was used to buy jewellery for Rosmah, including a rare 22-carat pink diamond set in a necklace.Singh said police carried out simultaneous searches at six premises - the prime minister´s office and official residence in the administrative capital of Putrajaya, the family mansion in Kuala Lumpur where Najib lives, and three other private residences.

from The News International - World https://ift.tt/2wWuX1S

No comments:

Post a Comment

'A lot of fighting': Fossil fuel row breaks out at UN climate summit

A row over fossil fuels has broken out at COP30 but this is also likely to be a negotiating tactic. from BBC News https://ift.tt/m4BisWE