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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.

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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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7 killed after Delhi-Bound train derails in Bihar

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NEW DELHI — At least seven people have died and 14 others injured after a Delhi-bound train derailed early Sunday morning in Bihar’s Vaishali district.

Eleven coaches of 12487 Seemanchal Express derailed near Sahadai Buzurg at around 3:52 am. Three of the coaches overturned and the high force of the impact destroyed them completely.

The injured are being transported to local hospitals.

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The superfast train from Jogbani in Bihar to Delhi’s Anand Vihar Terminal was running at full speed when the accident took place, officials said.

Bodies are believed to be trapped inside one of the affected coaches and the number of dead is likely to rise, local police official said.

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