KL seeks to lay multiple charges against Najib over 1MDB

MALAYSIAN PRIME MINISTER MAHATHIR MOHAMAD
MALAYSIAN PRIME MINISTER MAHATHIR MOHAMAD

KUALA LUMPUR • Embezzlement and bribery with government money are among the charges that Malaysia is looking to bring against former prime minister Najib Razak following a probe into funds allegedly looted from the state-run fund 1MDB, Prime Minister Mahathir Mohamad said yesterday.

Tun Dr Mahathir told Reuters in an interview that Malaysian investigators already "have an almost perfect case" against the principal suspects who had defrauded 1Malaysia Development Berhad (1MDB) and misappropriated billions of dollars in public funds.

He also described Datuk Seri Najib, who had founded 1MDB, as playing a central role.

"He was totally responsible for 1MDB. Nothing can be done without his signature, and we have his signature on all the deals entered into by 1MDB. Therefore, he is responsible," Dr Mahathir said.

Having retired as prime minister in 2003 after 22 years in power, Dr Mahathir - who is 92 - came out of retirement and joined the opposition to topple Mr Najib in an election last month.

Following his stunning victory, Dr Mahathir has reopened investigations into 1MDB and Mr Najib's involvement in its operations.

As a result of an anti-kleptocracy probe, the United States Department of Justice has alleged that more than US$4.5 billion (S$6.1 billion) was misappropriated from 1MDB and about US$700 million of that ended up in Mr Najib's personal bank accounts.

THE MAN IN CHARGE

He was totally responsible for 1MDB. Nothing can be done without his signature, and we have his signature on all the deals entered into by 1MDB. Therefore, he is responsible.

MALAYSIAN PRIME MINISTER MAHATHIR MOHAMAD, saying that former prime minister Najib Razak played a central role in 1MDB.

Dr Mahathir has barred Mr Najib from leaving Malaysia, and police have searched properties linked to him, while anti-graft investigators have questioned both Mr Najib and his wife, Datin Seri Rosmah Mansor.

Mr Najib has consistently denied any wrongdoing, and repeated last week that he did not take money from 1MDB. Mr Najib's spokesman could not immediately be reached for comment yesterday.

Investigators are looking to bring "a number of charges" against Mr Najib, Dr Mahathir said, adding that those charges would be based on abuse of power when he was prime minister.

They could include "embezzlement, stealing government money, losing government money and a number of other charges. Using government money to bribe. All those things", he said.

Dr Mahathir said Madam Rosmah was also being investigated in connection with 1MDB.

"Some of the money is believed to have gone to her, lots of money," Dr Mahathir said.

"We know about this, but finding the paper trail is a bit more difficult in this case because she doesn't sign any papers.

"Mr Najib signs a lot of papers."

Dr Mahathir said he expected Malaysia to make its first arrest in the 1MDB case within months, and "hopefully" start a trial by the end of the year.

"We are working as hard as possible at a furious pace. We think that we already have almost a perfect case," Dr Mahathir said.

Asked to name the targets of that case, he said: "Against Najib, against Jho Low and a few others."

Mr Low is a Malaysian financier who is also seen as a central figure in the 1MDB scandal.

He is regarded as being close to Mr Najib and his family.

"When we go to the courts, we will have clear evidence of the wrongdoing. We cannot afford to lose," said Dr Mahathir.

REUTERS

A version of this article appeared in the print edition of The Straits Times on June 20, 2018, with the headline 'KL seeks to lay multiple charges against Najib over 1MDB'. Print Edition | Subscribe