Former Malaysian Prime Minister's home searched

Thu Hoai• May 17, 2018 06:47

The home of former Malaysian Prime Minister Najib Razak was searched as part of an investigation into money laundering allegations.

Malaysian police on May 16 searched the private home of former Prime Minister Najib Razak as part of an investigation into money laundering allegations.

Previously, Mr. Najib Razak and his wife, Ms. Rosmah Mansor, were also put on the exit ban list of the Malaysian Immigration Department.

Former Malaysian Prime Minister Najib Razak. Photo: Reuters

Former Prime Minister Najib Razak established the 1 Malaysia Development Fund in 2009 to promote economic development through global partnerships and foreign direct investment. However, the fund is at the center of a money laundering scandal that caused a loss of 3.7 billion USD, leading to a series of financial market investigations in several countries such as the US, Switzerland, Singapore, Malaysia, China...

According to Malaysian Prime Minister Mahathir Mohamad, although the amount of money to be recovered has not been determined, the amount of dirty money flowing from Malaysia to the US alone has reached 4.5 billion USD.

Therefore, focusing on dealing with corruption is very important and the Malaysian Government will coordinate with countries such as the US, Switzerland, Singapore... to recover money from this Southeast Asian country./.

Thu Hoai