Friday, 18 May 2018

Malaysia police seize cash and luxury goods in ex-PM Najib Razak raids

Police in Malaysia say they have seized hundreds of boxes of luxury items and handbags full of foreign currency from properties linked to ex-PM Najib Razak.

The raids on properties across the capital, Kuala Lumpur, were related to investigations into state development fund 1MDB, they said.

Corruption claims against 1MDB were a major cause of Mr Najib's election loss to his former ally, Mahathir Mohammad.

Billions of dollars are unaccounted for from the fund, which Mr Najib set up.

Mr Najib himself was alleged to have pocketed $700m (£517m), which he has always denied.
He has been cleared by Malaysian authorities but is being investigated by several other countries.

Mr Mahathir has said he is considering reopening the case and that he believes the missing money can be recovered. He has banned Mr Najib from leaving the country.

Police remove items from Najib Razak's residence in Kuala Lumpur, Malaysia (18 May 2018)

BBC     News.

No comments:

Post a Comment