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Najib Razak

Malaysia ex-PM and ally charged in $1.6 billion graft case

KUALA LUMPUR: Malaysia´s former leader Najib Razak and an ally were Thursday charged with allegedly looting $1.6 billion of public money, the latest accusations against figures from the scandal-plagued old regime. Najib has now been hit with 38 charges since losing power, most of them related to allegations that he and his cronies plundered vast sums from sovereign wealth fund 1MDB. The scandal played a major part in prompting voters to oust his coalition at elections in May after six decades in power and elect a…

Wife of ex-Malaysian leader charged with money laundering

The luxury-loving wife of Malaysia's former prime minister was on Thursday charged with money laundering and tax evasion linked to a multi-billion-dollar scandal that helped bring down the country's previous government. Rosmah Mansor, the 66-year-old wife of former Malaysian prime minister Najib Razak, pleaded not guilty to 17 charges that could see her spend the rest of her life in prison. Reviled in Malaysia for her lavish overseas shopping sprees and fetish for Birkin handbags as well as dazzling jewellery, Rosmah…

Malaysian ex-PM Najib charged with money-laundering

KUALA LUMPUR: Malaysia's former prime minister Najib Razak was hit with new charges Wednesday linked to a multi-billion-dollar financial scandal that contributed to his shock election defeat in May. Appearing at a court in Kuala Lumpur, Najib was charged with three counts of money-laundering over claims he pocketed 42 million ringgit ($10.3 million) from a former unit of scandal-hit sovereign wealth fund 1MDB. These are in addition to the charges he faced last month after he was first arrested -- three for criminal…

Items worth $273m seized from premises linked to Malaysia ex-PM: police

KUALA LUMPUR: Items seized from six premises linked to ousted Malaysian leader Najib Razak, including cash, a vast stash of jewellery and luxury handbags, are worth up to $273 million, police said Wednesday. "The total cost of all the items, the retail price, will be touching 910 (million) to 1.1 billion ringgit," Amar Singh, the police´s head of commercial crime, told a press conference. That is equivalent to $225 million to $273 million. The items included 116 million ringgit ($28.8 million) in cash in 26 different…

Almost $30 million seized in raids linked to ex-Malaysian PM

KUALA LUMPUR: Malaysian police said Friday they seized over 400 handbags and cash amounting to almost $30 million in raids on luxury apartments as they probed corruption allegations swirling around ousted leader Najib Razak. The money and a vast trove of handbags, as well as watches and jewellery, were found in two condominiums in Kuala Lumpur. A total of 12 locations, including the ex-leader's home, were searched by police last week as part of an investigation into the scandal surrounding a sovereign wealth fund.…

Malaysia’s Mahathir bars former PM from leaving country

KUALA LUMPUR: Malaysian Prime Minister Mahathir Mohamad announced his top cabinet picks on Saturday and barred his predecessor, Najib Razak, from going overseas, saying there was enough evidence to investigate his links to a multi-billion-dollar scandal. Immigration authorities announced a travel ban on Najib and his wife Rosmah Mansor just minutes after the ousted prime minister said they were leaving on a weeklong trip overseas to rest after his thumping electoral defeat. “It is true that I prevented Najib from…