Tuesday, 22 May 2018

Malaysians agog as tables turn on Najib

Expedited probes into ex-premier's alleged corruption could reach beyond 1MDB scandal to a dodgy submarine deal to the murder of a Mongolian model

Former Malaysian Prime Minister Najib Razak is under heavy fire as new premier Mahathir Mohamad’s government quickly launches and widens investigations into alleged corruption at the 1Malaysia Development Berhad (1MDB) state development fund that may have cost the nation billions of dollars in pilfered losses.

Najib, whose once-dominant Barisan Nasional (BN) coalition lost resoundingly at May 9 polls, is implicated in an embezzlement racket after suspicious transfers allegedly linked to 1MDB were discovered in his personal bank. He has denied all wrongdoing at the fund he created and oversaw, claiming the US$681 million found in his account was a gift from a Saudi royal.

In recent days, Malaysians have watched agog as Najib’s properties were raided by armed police. Authorities have seized and carted off luxury items, confiscating 284 designer handbags presumably belonging to his wife Rosmah Mansor, and 72 suitcases containing cash in various currencies, watches and jewelry.

Mahathir’s office has quickly established a special taskforce, comprised of members of Malaysia’s anti-graft agency, police and the central bank, to investigate 1MDB. A similar investigative body was established in 2015, but was halted by Najib, who was widely seen as interfering with the domestic probe by removing the attorney general and other probing officials.

Read the full story at Asia Times.

Nile Bowie is a writer and journalist with the Asia Times covering current affairs in Singapore and Malaysia. He can be reached at nilebowie@gmail.com.