Mahathir to stay up to two years as Malaysia PM

Mahathir to stay up to two years as Malaysia PM

Mahathir also said he welcomed foreign direct investment in Malaysia by China and other countries, but such investment must bring in capital and technology and provide jobs for Malaysians.

Swiss federal prosecutors are seeking quick talks with Malaysian counterparts on how to press forward with an investigation of suspected corruption surrounding scandal-hit sovereign wealth fund 1MDB, the Swiss attorney general's office said on Tuesday.

"We do not want to be saddled with extradition requests", Mahathir said, referring to Najib. "We knew the movement of money in Malaysia, but once it leaves Malaysia, we didn't know where the money went", Lim said.

Mahathir, who has returned as prime minister after his retirement in 2003 following a 22-year rule, has promised to reopen investigations into the 1MDB fiasco, described by U.S. Attorney General Jeff Sessions as "kleptocracy at its worst".

After Mahathir's news conference on Monday, a government news release announced that treasury chief Mohamad Irwan Serigar Abdullah would "not be allowed to carry out his duties as treasurer general or any matters relating to the finance ministry". "We will be able to charge him".

He said some people were anxious about him taking the "bold" step but added: "I'm already 69 years old".

Meanwhile, Abdul Razak Idris, MACC's former director of intelligence and investigation, lodged a report with the anti-corruption agency against Najib, accusing the former PM of abuse of power by preventing 1MDB investigations.

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Mahathir's move to release it comes as he seeks to tighten the net around Najib, whom he defeated in an election last week, and other officials over the multi-billion dollar scandal surrounding the fund's actions dating back some years.

One of the pact's key pledges is to make Anwar prime minister within two years.

Four people are high on Mahathir's top list to head the Malaysian Anti-Corruption Commission (MACC) after its head, Dzulkifli Ahmad, tendered his resignation on Monday, sources told BenarNews on Monday. He has warned that Najib will have to "face the consequences" if found guilty of wrongdoing. He barred Najib and his wife from leaving the country, and has replaced the attorney general who cleared Najib.

Malaysia's new prime minister Mahathir Mohamad doesn't intend to immediately step aside once his foe-turned-colleague Anwar Ibrahim is pardoned.

"I have given my assurance, I am here as a concerned citizen to give complete support to manage the country on the understanding that we are committed to the reform agenda, beginning with the judiciary, media and the entire apparatus", Anwar said in a news conference at his home after he was freed from custody.

"The Anwar and Mahathir relationship will be a challenge to navigate as trust, ambition and priorities will be likely problem areas", said Welsh, a Southeast Asia expert who was in Malaysia to monitor the polls.

Meanwhile, in another move made by the new government on Monday, officials lifted a travel ban imposed on political cartoonist and BenarNews contributor Zunar, whose real name is Zulkiflee Anwarul Haque. Singapore has ordered punished banks over lapses related to 1MDB, seized assets and jailed bankers over the scandal.

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