Former Malaysian leader Najib Razak was questioned yesterday by anti-graft investigators for the second time this week over a multi-billion-dollar corruption scandal following his shock election loss.
Najib’s coalition suffered a defeat at the May 9 poll which ended their six-decade hold on power, beaten by a reformist alliance led by Mahathir Mohamad.
Mahathir, who first served as premier from 1981-2003 and came out of retirement aged 92 to take on Najib, campaigned on claims that the former leader and his cronies looted sovereign wealth fund 1MDB.
Billions of dollars were allegedly stolen from the fund in a sophisticated fraud, and used to buy everything from artworks to high-end real estate.
Since Najib’s ouster, police have seized cash reportedly amounting to at least $25mn, plus jewels and handbags in raids on properties linked to him and his unpopular wife.
Najib pushed through a huge media scrum at the Malaysian Anti-Corruption Commission (MACC) headquarters in the administrative capital of Putrajaya as he arrived to be quizzed about 1MDB money allegedly ending up in his
personal bank accounts.
After being grilled for about six hours, he left the building and told reporters: “I have answered all the questions to the best of my ability and the MACC have done their job with professionalism.” Najib added that he would not need to return for further questioning. He was earlier grilled for several hours on Tuesday.
He is being probed by the anti-corruption body over SRC International, an energy company that was originally a subsidiary of 1MDB.
According to an investigation by the Wall Street Journal, 42mn ringgit ($10.6mn) originating from SRC was transferred to Najib’s personal bank accounts, just one small part of the graft scandal.
Hundreds of millions of dollars from 1MDB allegedly ended up in Najib’s accounts but the ex-leader and the fund have denied any wrongdoing.
The US Department of Justice alleges that at least $4.5bn was looted from the fund, and is seeking to seize assets worth $1.7bn in the US which it says were bought with stolen money.
Mahathir has vowed to fully investigate the scandal. After holding meetings with key figures from 1MDB Wednesday, Finance Minister Lim Guan Eng said the fund was insolvent and its chief was “utterly dishonest”.
Malaysia’s former prime minister Najib Razak speaks to the media after being questioned at the Malaysian Anti-Corruption Commission (MACC) office in Putrajaya yesterday.
