Malaysia's former prime minister Najib Razak is expected to be charged on Wednesday (July 4), after he was arrested by anti-graft officers at his home around 2.45pm on Tuesday (July 3) - Reuters
Reuters

Malaysia’s embattled Former Prime Minister Najib Razak would be charged on Wednesday under a money-laundering act, the anti-graft agency said.

According to the agency the charge is in connection with a multi-billion-dollar scandal at state fund 1Malaysia Development Berhad (1MDB).

Najib, 65, and his family have faced intense scrutiny since May, when a shock election result brought his former mentor-turned-foe, 93-year-old Mahathir Mohamad, back to power.

Mahathir swiftly reopened an investigation into 1MDB and barred Najib and his wife, Rosmah Mansor, from leaving the country.

In July, Najib was arrested and charged with abuse of power and criminal breach of trust related to an alleged transfer of 10.31 million dollars into his personal bank account from SRC International, a former unit of 1MDB.

He has pleaded not guilty to the charges and was released after posting bail.

On Tuesday, he was summoned to the office of the Malaysian Anti-Corruption Commission (MACC), a day before his pre-trial hearing in court.

He was questioned for about 45 minutes. In a statement soon after Najib left its office, the anti-graft agency said he would be charged under the anti-money laundering act.

“The charges are related to the SRC International case,’’ it said in a statement.

Najib’s spokesman declined to comment.

1MDB is being investigated by at least six countries, including Singapore, Switzerland and the United States, over alleged money laundering and graft.

The U.S. Department of Justice says an estimated 4.5 billion dollars was misappropriated from 1MDB by high-level officials of the fund and their associates.

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