Najib Razak: Former Malaysian leader charged with criminal breach of trust

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A huge crowd reportedly gathered outside the High Court Complex, in anticipation of what is perhaps the biggest thing to happen in Malaysian politics since GE14.

He was arrested on Tuesday by anti-graft officials over a suspicious transfer of 42 million ringgit ($10.4 million) into his bank accounts from SRC International, a former unit of the 1MDB state investment fund that U.S. investigators say was looted of billions by associates of Najib.

The investigation is looking into how RM42 million (US$10 million) landed into Najib's personal account from SRC International, a subsidiary of 1MDB.

Najib has denied the allegations.

After leading the country for almost a decade, it was a swift fall for Najib, the son of Malaysia's second prime minister, following an unexpected election defeat in May to 92-year-old Mahathir Mohamad. However, please believe that these accusations leveled against me and my family are not all true.

SRC International was set up by 1MDB in January 2011 using a 15 million ringgit government grant, out of the approved 20 million ringgit, according to an executive summary of a declassified report by the auditor general.

Najib will contest the charges and clear his name in court, it added. Prior to the loss, the Razak-controlled government allegedly made investigations into 1MDB extremely hard.

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"1MDB's Task Force confirmed the arrest of Datuk Seri Mohd Najib Tun Razak", it said. The statement said the arrest was linked to a former 1MDB unit but did not detail specific charges against him.

A press statement issued by Najib's camp late Tuesday said the impending charges and other investigations "are politically motivated and the result of political vengeance" under Mahathir.

"People might find it hard to understand, but my son-in-law for example, he gets Birkin from his source, five or six at one go", he said, referring to the iconic handbag from French label Hermes.

In a recorded video posted on social media hours after his arrest, Najib apologised to Malaysians but remained defiant.

The goods were seized as part of the investigation into the sprawling scandal related to 1MDB, a state investment vehicle from which Najib was accused of siphoning off billions of dollars.

The news of Razak's arrest comes on the same day his stepson Riza Aziz, founder and CEO of The Wolf Of Wall Street producer Red Granite, was also questioned by the same Malaysian authorities.

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