Former Malaysian PM Najib Razak Arrested For Corruption

Datuk Seri Ahmad Zahid Hamidi arrives at the MACC headquarters in Putrajaya to give his statement

Najib pleaded not guilty on Wednesday to four charges linked to an investigation into $4.5 billion missing from state investment fund 1MDB, of which hundreds of millions of dollars were reportedly found in Najib's personal bank accounts.

Najib has consistently denied wrongdoing.

"If this is the price I must pay for 42 years of service, I'll give it gladly", he said after posting bail for three counts of criminal breach of trust (CBT) and one charge under the MACC Act over a whopping RM42 million linked to the SRC International Sdn Bhd scandal.

In a pre-recorded message posted on Twitter after his arrest, Najib said he was not ideal and "not all the accusations against me and my family are true".

Newly-appointed Attorney-General Tommy Thomas, who led the prosecution team against Najib, has requested that the case be transferred to High Court.

Hamidi, Najib's former deputy, said: "I respect the rule of law".

"It shows the resolve of the new government to address previous abuses of power".

In the USA, his production company had reached a $60 million settlement in a suit that alleged the movie was funded by money siphoned from 1MDB.

LeBron James' agent Rich Paul meeting with 76ers today in Los Angeles
James already has some shallow roots on the West Coast with two homes in the Los Angeles area and a film production company. Always one to pride himself on efficiency, James shot 54.2 percent from the field and 36.7 percent from three-point range.

Riza arrived at the anti-graft agency office at 1.30pm, accompanied by his lawyer, Datuk K Kumaraendran.

Last week, Malaysian police announced they had seized almost $275 million in cash, jewelry and luxury handbags in raids on properties linked to Najib.

The elections swept the opposition coalition, headed by 92-year-old former premier Mahathir Mohamad, to power.

Earlier on Tuesday, Malaysia's anti-corruption agency questioned Riza Aziz, the stepson of Najib and a Hollywood film producer. It said the accounts, belonging to 81 people and 55 companies, are thought to have received funds from 1MDB between 2011 and 2015.

- Red Granite, the company behind the 2013 film, "The Wolf of Wall Street", agrees to pay the USA government US$60 million to settle a civil lawsuit that sought to seize assets allegedly bought with money stolen from 1MDB.

- The lawsuits say US$681 million from a 2013 bond sale by 1MDB was transferred to the account of "Malaysian Official 1", whom USA and Malaysian officials later identify as Najib.

SRC has been the initial focus of Malaysian investigators as all the suspicious transactions involving the firm were made through Malaysian entities, unlike other 1MDB related transactions that went through foreign banks and companies.

Related News:

  • Doubts raised over Merkel compromise on border controls

    Doubts raised over Merkel compromise on border controls

    After a long day of maneuvering, Seehofer has offered to resign, according to party sources cited by the Reuters news agency . But soon after, Seehofer said he would hold last-ditch talks with Merkel's CDU "in hopes of reaching an understanding".
    Trump to Have Supreme Court Pick by July 9

    Trump to Have Supreme Court Pick by July 9

    He has advised Trump in the past on judicial picks. "We shouldn't vote on confirmation until they have voted at the ballot box". It's widely expected the next appointee could shift the current balance of Supreme Court to a more conservative-learning bench.

    Portugal v Uruguay - Preview and possible lineups

    Portugal's route to the knockout stages was less straightforward and they had to survive a late scare against Iran to progress. This is a side with excellent, Italian-based midfielders in Rodrigo Bentancur, Lucas Torreira and Matias Vecino.
  • NBA Free Agent Rumors: Julius Randle Agrees To Contract With Pelicans

    NBA Free Agent Rumors: Julius Randle Agrees To Contract With Pelicans

    They may simply be adding veteran players to surround a core of James and young talent to fill out the roster. The latest star to sign with the team in less than 24 hours of LeBron's announcement is Rajon Rondo .
    Boys and Soccer Coach Found After Missing for Nine Days in Thailand

    Boys and Soccer Coach Found After Missing for Nine Days in Thailand

    They are now too weak to move, and certainly not strong enough to swim out under their own power, but they are all alive. Paddock and Ryn Jirenuwat of the New York Times: "Until they come out, the officers will never abandon them".
    Jeff Sessions announces largest healthcare fraud takedown in USA  history

    Jeff Sessions announces largest healthcare fraud takedown in USA history

    On June 28, the Department of Justice (DOJ) announced another record-breaking annual nationwide health care fraud "takedown". Bingston Crosby, a chiropractor, include health care fraud, money laundering and mail fraud, authorities said.
  • Spain Head Coach Says Not Thinking About Own Future After Russia Loss

    Spain Head Coach Says Not Thinking About Own Future After Russia Loss

    Russian Federation can reach their first World Cup quarterfinal since 1970 if they can shock Spain in Moscow on Sunday. He also noted that thanks to Chechresov the team has made the impossible making it to the playoffs.
    'Proud' Sweden coach revels in last 16 qualification

    'Proud' Sweden coach revels in last 16 qualification

    Paulinho and Thiago Silva scored a goal each to give the five-time champions a victory over Serbia and first place in their group. I'm very pleased with all of this. "We don't need to look at who's not there, we need to look at who will be able to play".
    Single Player Star Wars Game Shelved After Uncharted Creator Leaves EA

    Single Player Star Wars Game Shelved After Uncharted Creator Leaves EA

    She also commented that EA Vancouver is now working on something that's different from what they wanted to do with the game. I'm hoping to bring some people on board'.
  • The best memes about LeBron James leaving Cleveland for Los Angeles

    The best memes about LeBron James leaving Cleveland for Los Angeles

    Bosh hasn't played since the 2015-16 season because of blood clots, so there's no telling whether he'd even be cleared to return. There was a flurry of big-name signings in the first hours of free agency, but James remained noncommittal.
    Wade is Safe No Matter Who Donald Trump Picks for Supreme Court

    Wade is Safe No Matter Who Donald Trump Picks for Supreme Court

    Though Kennedy was nominated to the Supreme Court by President Ronald Reagan, a conservative, he was considered a swing vote. Senate Minority Leader Chuck Schumer declared Monday that abortion rights are hanging in the balance.
    What Iran boss said after Ronaldo escaped a red card

    What Iran boss said after Ronaldo escaped a red card

    Think great players can not in this situation be wrong, but it made Lionel Messi and Ronaldo repeated. VAR has created headlines throughout the 2018 World Cup in Russian Federation .


Most liked

Want to win every ball, every session: Kohli
With Hardik Pandya slotting in as the sole all-rounder, his brother Krunal and Chahar will have to wait for their turns. India are slated to play three-match T20I series, three-match ODI series and five Tests beginning July 3.

Golf Course Fire in Grand County is 100 percent contained
Just to the northwest, the Pawnee Fire had burned almost 14,000 acres as of Saturday evening and was 73 percent contained. This is an advisory evacuation notice for residents South of Highway 20 between Morgan Valley Road and State Highway 16.

Warriors Finalizing Contract Extension with Steve Kerr
If he's really playing the long game here then he's setting himself up to one day make over $200 million through his early 30s. I guess we should be happy for the Thunder? Durant reportedly will confirm that after free agency begins on July 1.

Germany: Government Reaches Compromise on Immigration
The CSU's leadership were tight-lipped as they arrived at their party's Munich headquarters to discuss Merkel's deals. Party leader Andrea Nahles said that "the CSU is on a unsafe ego trip that is paralyzing Germany and Europe".

LeBron James, LA Lakers agree to four-year, $154 million deal
The four-time league MVP picked his next destination less than 24 hours after free agency began early Sunday morning. James' camp and the Cavaliers' front office have maintained a dialogue since the season ended, sources said.

Twitter goes berserk as Spain are knocked out of the World Cup
The veteran Barcelona midfielder came off the bench and nearly won the game with an 85th-minute shot well saved by Akinfeev. The game would go to penalties, with Spain unable to create any real chances of note for the remainder of the game.

The US Supreme supports Trump's immigration veto
Chad was recently removed from the list after the administration said that country had beefed up its information-sharing. Both these judges said Trump's anti-Muslim comments were proof that the ban was biased against Muslims and immigrants.

Will talk about Syria, Ukraine, poll tampering with Putin: Donald Trump
During the Singapore summit, however, "Kim Jong Un said to me: The two of us have to get a picture together". Bolton simply said tat a "direct conversation" between the two leaders is an important starting point.

Croatia outlasts Demark in shootout, to face Russia in World Cup quarterfinals
A handsome through pass to Ante Rebic led to an obvious goal-scoring chance that was ruined by an intentional penalty in the box. Modric's spot kick was weak, though, and Schmeichel dived to his left to smother it for the first of his three penalty saves.

Trump Rejects Calls To Abolish ICE: 'Zero Chance, It Will Never Happen!'
Kirsten Gillibrand (D-NY) and New York City Mayor Bill DeBlasio . "I love that issue if they're going to actually do that". This is a stunning & unsurprising indictment of Trump's claimed objective behind the crackdown on "illegal immigration".

Instagram Stories, Now Twice as Big as Snapchat, Adds Music Integration
Songs will play automatically once people tap to watch your story, and the sticker will include the song title and artist name. Instagram will introduce a number of updates and third-party app integrations to facilitate it's popular feature - Stories.

Prince Harry Shoots Down This Widely Reported Honeymoon Rumor!
When Meghan did her latest event with the Queen yesterday-her third since the wedding-Meghan wasn't nervous, a royal source said. The royal line-up has not been revealed , but Prince Harry and Meghan are expected to make an appearance.

OnePlus promises 2 years of software updates for its smartphones
While this gives people more reasons to buy OnePlus phones, it may also make existing owners to keep their phones for longer. The OnePlus 2, being almost three years old at this point, is obviously coming to the end of its operational life.

Comcast Suffers Nationwide Cable TV And Broadband Outage
We're sure someone will get back to us sometime between 9:00 a.m. and 4:30 p.m., and we'll update this story when we hear back. Comcast directed customers on Twitter to contact the company if they continued to experience service disruptions.

Jordan Spieth, Zach Johnson tied for early lead at…
Five of the top 10 golfers in the world will tee off at the PGA Tour Travelers Championship event this weekend in Cromwell. McIlroy has been trying to focus more on his golf swing and not so much the result or a number that he is trying to shoot.