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Former Malaysian PM Najib Razak arrested over corruption

Gorkha Post

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KUALA LUMPUR — Former Malaysian prime minister Najib Razak has been arrested again on Wednesday over allegations that hundreds of millions of dollars linked to a state investment fund ended up in his personal bank accounts, according to officials.

The Malaysian Anti-Corruption Commission (MACC) said Najib was arrested on Wednesday afternoon at its office in connection with the 1Malaysia Development Berhad (1MDB) scandal and will be taken to court on Thursday to face charges.

In a statement, the MACC said Mr Najib will face ‘several charges’, some of which relate to the transfer of money into his account, and abuse of power.

Najib was earlier arrested over the 1MDB scandal in July and was charged with multiple counts of criminal breach of trust, corruption and money laundering over the scandal at the state fund.

ALSO READ :  Former Malaysian prime minister Najib Razak charged with corruption

He pleaded not guilty and was granted bail.

Those charges involve the transfer of 42 million ringgit ($13.9 million) into his bank accounts from SRC International, a former unit of the 1MDB fund that international investigators say was looted of billions by Mr Najib’s associates.

Najib set up 1MDB when he took power in 2009 for the stated purpose of promoting economic development, but the fund amassed billions in debts and is being investigated in the US and several other countries for alleged cross-border embezzlement and money laundering.

The US Department of Justice has alleged in civil lawsuits that more than $6.1 billion from 1MDB was laundered through a complex web of transactions and shell companies.

It also alleges that $936 million, based on foreign exchange rates at the time of the transaction, of 1MDB funds went into Mr Najib’s bank account.

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Russian rocket fails in the mid air, crew lands safely

Thompson Reuters

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COSMODROME—Booster rocket carrying a Soyuz spacecraft with a Russian and US astronaut on board headed for the International Space Station failed in mid-air on Thursday, forcing the crew to make an emergency landing.

U.S. astronaut Nick Hague and Russian cosmonaut Alexei Ovchinin landed safely without any harm.

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Russian Deputy Prime Minister Yuri Borisov, quoted by Interfax, said the problem occurred when the first and second stages of the booster rocket were in the process of separating.

The rocket was launched from the Soviet-era cosmodrome in Baikonur, Kazakhstan. A Reuters reporter who observed the launch from around 1 km away said that it had gone smoothly in its initial stage.

“Search and rescue teams are in the air and heading towards the expected touchdown location for the Soyuz spacecraft returning to Earth carrying two crew members,” NASA said in a statement.

 

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