Najib Questioned Over 1MDB as Task Force Seeks to Recover Assets

Emmett Rice
May 23, 2018

But long-simmering resentment over its oppressive tactics and corruption sent the party to a resounding defeat at the hands of a coalition led by 92-year-old Mahathir Mohamad, a longtime UMNO leader and former prime minister.

The task force will include representatives of the anti-graft agency, the police and the attorney-general's office.

A government official has said Najib could possibly be detained after giving his statement to Malaysia's Anti-Corruption Commission.

"I'm coming back to finish what I haven't finished", Shukri said.

Rosmah Mansor, who is the wife of recently ousted Prime Minister Najib Razak, is believed to have spent close to $8 million Australian dollars between 2008 and 2015. "I never even made a police report", Shukri said.

Najib has denied any wrongdoing since the scandal erupted in 2015.

Now answering to a different prime minister, the MACC has reopened its investigation, initially focusing on how 42 million ringgit ($10.6 million) went from SRC International to Najib's account.

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The money was in addition to about $700 million that USA investigators said ended in Najib's bank account.

Malaysia has set up a special taskforce that will look into possible criminal conduct of individuals involved in the management of state fund 1Malaysia Development Berhad (1MDB), the prime minister's office said on Monday.

Ownership of SRC had been transferred to Malaysia's finance ministry by February 2012, lowering 1MDB's gearing ratio to 9.5 times, from 12 times, and removing the state guarantee for 1MDB, according to the report.

The man who headed the first investigation into Malaysia's 1MDB scandal has said that he "almost died" whilst carrying out the probe, and was forced to flee the country after officers working for him were incarcerated, witnesses disappeared and he had multiple threats on his life.

"Although affected by what has happened, we have and will continue to cooperate in any questioning and will be present if needed by any authority", said the statement.

The DoJ filed forfeiture complaints in 2016 and 2017 seeking to recover over $1.7 billion in assets traceable to funds allegedly misappropriated from 1MDB.

These complaints alleged that more than $4.5 billion was diverted from 1MDB and laundered through a web of shell companies and bank accounts located in the United States and elsewhere.

Other reports by Free-Prsite

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