Ex-Malaysia Prime Minister Arrested For $628 Million Corruption Charge

Ex-Malaysia Prime Minister Arrested For $628 Million Corruption Charge

Malaysia's former prime minister Najib Razak.

In the latest development involving the 1Malaysia Development Berhad (1MDB) scandal, former Prime Minister Najib Tun Razak has reportedly been arrested once again, according to the Malaysian Anti-Corruption Commission (MACC).

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The former prime minister of Malaysia has been arrested over allegations that almost £500 million of state funds were channelled into his bank account.

Najib, 65, is the first former prime minister in the country to have been indicted in a court of law.

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The agency said in a statement that Najib was detained at its office over the transfer of 2.6 billion ringgit ($627.8 million) into his bank account.

"I think the Malaysian people will be very, very happy".

Analysts thought Najib's Barisan Nasional coalition, which had ruled Malaysia uninterrupted since independence from Britain in 1957, could never be beaten. They will be the most serious charges yet in a corruption scandal that led to his political downfall. He and his luxury-loving wife Rosman Mansor became figures of hatred. Police also seized jewelry and hundreds of handbags and other valuables estimated at more than 1.1 billion ringgit ($273 million) from properties linked to Najib.

Najib has faced intense scrutiny since unexpectedly losing a general election in May to Mahathir Mohamad, who reopened investigations into allegations that billions of dollars were stolen from 1MDB. Last month, a luxury yacht allegedly bought by a playboy financier with a central role in the scandal returned to Malaysia after being handed over by Indonesia, which impounded it following a DoJ request.

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