PUTRAJAYA (Bernama) – Malaysian Prime Minister Tun Dr Mahathir Mohamad reportedly said that he expected charges to be filed against former Prime Minister Datuk Seri Najib Tun Razak following an investigation into allegations that Najib siphoned off hundreds of millions of dollars from state investment fund 1Malaysia Development Berhad (1MDB).
The Wall Street Journal (WSJ) online version yesterday reported that Dr Mahathir said he would not cut a deal with Najib to retrieve the funds.
“No deal,” Dr Mahathir was quoted as saying in the article based on an interview conducted by video link for WSJ CEO Council in Tokyo. Dr Mahathir said a full investigation would be completed before any legal action was taken against Najib.
“We are now in the process of getting into details of the matters he suppressed in his time,” he said.
In 2015, WSJ reported that USD681 million of 1MDB funds ended up in Najib’s personal accounts.
Najib and 1MDB have denied wrongdoing. Najib and his wife Datin Seri Rosmah Mansor have been blacklisted from leaving the country.
1MDB is also the subject of probes in several countries.