News Africa : Ex-Prime Minister charged with corruption over $700m


Ex-Prime Minister charged with corruption over $700m

Najib Razak, Former Malaysian prime minister who was removed from his post last two months  has been charged with corruption.
Najib pleaded not guilty to three counts of criminal breach of trust and one of abuse of power, and was freed on bail.

According to BBC news, The former prime minister is accused of taking $700m from a state fund he set up. Police have recovered $273m in luxury goods and cash from raids on properties linked to Mr Najib.

The Prime minister said that the items were legally acquired.

A new investigation into the state development fund 1MDB began after his shock election loss in May. Mr Najib was arrested by anti-corruption authorities on Tuesday and spent the night in detention.

In a video posted on Twitter a day earlier, he appealed to the public not to believe the reports, saying that not all of the accusations were true. "I have not had a chance to defend myself," he said.
The charges against him each carry a maximum of 20 years imprisonment. Fashion News : Style House Files launch 2018 pop-up in collaboration with NEPC

The bail amount was set at 1m Malaysian ringgit ($250,000; £190,000).

BBC

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