MACC arrests Najib over RM2.6 bil deposit into his account

MACC arrests Najib over RM2.6 bil deposit into his account

Former prime minister Najib Razak maintains that the Saudi royal family donated millions to Malaysia to avert an "Arab spring" uprising in the region.

Malaysia's anti-graft agency said former Prime Minister Najib Razak was arrested on Wednesday and will face further charges of abuse of power over the multimillion-dollar looting of a state investment fund.

Najib is expected to be charged tomorrow over a questionable RM2.6 billion donation he received while in office.

Najib was reportedly taken into MACC custody when he arrived at the MACC office in Putrajaya at about 3pm today.

In July and August, Najib was slapped with charges of money laundering, criminal breach of trust and abuse of power in relation to 1MDB. He has pleaded not guilty and his trial is due to start next year.

It said Najib will be taken to court on Thursday to face several charges under Section 23 of the Malaysian Anti-Corruption Commission Act.

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.

The U.S. Department of Justice has alleged in civil lawsuits that more than $4.5 billion from 1MDB was laundered through a complex web of transactions and shell companies.

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