Malaysia to investigate management of development company

Malaysia's new prime minister is considering investigating former leader Najib Razak for abuse of power over the scandal-plagued state fund 1MDB

Former Malaysian prime minister Najib Razak was summoned on Tuesday (May 22) to make a statement in a probe on a subsidiary company of 1Malaysia Development Berhad (1MDB), the head of the Malaysian Anti-Corruption Commission (MACC) said. USA investigators say Razak's associates stole and laundered $4.5 billion from the fund, some of which also landed in Razak's bank account, and that some $23 million was used to buy a rare diamond pink necklace for Mansor.

Najib has denied any wrongdoing.

Flanked by security guards, Najib entered the Malaysian Anti-Corruption Commission (MACC) headquarters in Kuala Lumpur on Tuesday, moving slowly through a throng of journalists outside the building. Najib continued to protest his innocence over the weekend, saying he was the victim of a slander campaign and that he " did not steal from the people".

Police last week seized what they called a huge trove of cash, jewels and luxury items from his home and other properties.

Shukri was the deputy chief of the MACC under Najib, and spearheaded the investigation into what happened to the billions of dollars that were embezzled out of the 1MDB government fund, which was set up and overseen by Najib in 2009.

A construction worker talks on the phone in front of a 1Malaysia Development Berhad billboard at the Tun Razak Exchange development in Kuala Lumpur
Malaysia to investigate management of development company

Razak slammed the police raids as "irresponsible and cavalier", his lawyer Harpal Singh Grewal said Saturday. "I am not a rogue", he said.

"The authorities should not have played a role in the rise of numerous criticism and insults on social media, and instead, abide by the law and act professionally when carrying out their duties", she said.

"The police urge the relevant parties to provide the details of the leaked photographs if any, to enable us to conduct an investigation to verify if in fact the photographs came from the police", Singh said, adding that Najib's family members and friends were present during the searches. "Of course, this expertise must come from those with experience in running previous governments, or having held some responsible posts", Mahathir said.

But long-simmering resentment over its oppressive tactics and corruption sent the party to a resounding defeat at the hands of a coalition led by 92-year-old Mahathir Mohamad, a longtime UMNO leader and former prime minister. Mahathir has vowed to fully investigate the financial scandal.

One image of a tray of six gold Rolex watches is widely shared on social media website Pinterest while another of luggage filled with stacks of United States currency is from a June 2016 robbery case that happened in the US.

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