Malaysian anti-corruption agents arrested former Prime Minister Najib Razak on Tuesday following a probe into how the money went missing from a state fund he founded almost a decade ago and authorities said he would be charged in court on Wednesday.
Since his shock election loss to 92-year-old Mahathir Mohamad in May, Najib has been barred from leaving the country and had his houses searched as part of the probe into 1Malaysia Development Berhad (1MDB).
Mahathir said in an interview with Reuters last month that embezzlement and bribery with government money were among the charges that Malaysia was looking to bring against 64-year-old Najib, adding they had “an almost perfect case” against him.
Najib’s arrest was in relation to a probe into SRC International, a former 1MDB unit, a task force investigating the fund said on Tuesday. One source close to Najib’s family said he was expected to be charged with abuse of power at SRC.