Former Malaysian leader arrested for theft, money laundering

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July 3 2018

Former Malaysian Prime Minister Najib Razak was arrested Tuesday by anti-graft investigators and will be charged over his alleged role in the multibillion-dollar looting of a state investment fund, officials said.

A government task force probing alleged theft and money laundering at the 1MDB state investment fund said Mr. Najib’s arrest was linked to the suspicious transfer of $10.6 million into his bank account from SRC International, a former 1MDB unit, using multiple intermediary companies.