Malaysian central bank to take part in 1MDB investigation

Malaysia's ex-PM Najib rails at police wife warns of

Najib Razak, Malaysian Ex-Prime Minister, Questioned Over 1MDB

"We wanted to bring back money that was stolen back to our country".

However, US investigators say associates of Najib stole and laundered the money from the state investment fund through US bank accounts, some of which allegedly landed in the ex-prime minister's bank account.

"The regular basis detailed for further action to be taken involving 1MDB case were discussed at the meeting and the next meeting will be held tomorrow (May 23)", the statement added.

Shukri Abdull, who last week was re-appointed by the newly elected prime minister Mahathir Mohamad to head up the Malaysian Anti-Corruption Commission (MACC), recounted in an emotional press conference the personal trauma he had gone through in 2015 while first trying to uncover the truth.

Since losing power, Najib and his wife, Datin Seri Rosmah Mansor, have suffered a series of humiliations, starting with a ban on them leaving the country, and then police searching their home and other properties. "I am not a rogue", he said.

Staff from Malaysia's central bank will serve on a multi-agency "task force", set up to investigate allegations of massive financial malpractice at the state-owned 1MDB fund.

West Ham close to hiring manager with 'proven record'
He also guided Shakhtar to the round of 16 in this year's Champions League before losing to Roma and they have won the domestic Double this season.

Several current and former senior government officials will lead the task force, including Abdul Gani Patail, the former attorney-general who was removed from his post in 2015 as he was leading investigations into 1MDB.

Najib will have to appear in person at the anti-corruption commission headquarters to have his statement recorded.

"I pray that after this divisive period, the country will unite", he said.

Ownership of SRC had been transferred to Malaysia's finance ministry by February 2012, lowering 1MDB's gearing ratio to 9.5 times, from 12 times, and removing the state guarantee for 1MDB, according to the report.

MACC has been able to track the money trail from SRC more easily because transactions were made through Malaysian entities, whereas most other transfers of 1MDB funds went through foreign banks and companies.

The man who headed the first investigation into Malaysia's 1MDB scandal has said that he "almost died" whilst carrying out the probe, and was forced to flee the country after officers working for him were incarcerated, witnesses disappeared and he had multiple threats on his life. USA investigators say Najib's associates stole and laundered $4.5 billion from the fund, some of which landed in Najib's bank account.

Latest News