Malaysian ex-PM Najib to be charged with money laundering

$250 mil superyacht at centre of 1MDB scandal sails to Malaysia

"The charges are related to the SRC International case", the statement said.

Defense Minister Mohamad Sabu said in a written reply to a question in parliament on Monday that the King Salman Center for International Peace will cease operation immediately and that its function will be absorbed by the Malaysian Institute of Defense and Security.

In a civil suit seeking to seize assets allegedly bought with 1MDB money, the DoJ alleges that playboy financier Jho Low used about $250 million stolen from the fund to purchase the Cayman Islands-registered yacht.

On Saturday, the Indonesian government agreed to hand over the yacht to Malaysia.

In February US and Indonesian authorities moved to seize the yacht as part of an investigation by the US Department of Justice (DOJ).

The Malaysian authorities have revoked his passport and issued an arrest warrant although he has previously denied any wrongdoing.

Donald Trump admits son was getting dirt on Hillary Clinton
The lawyer told Stephanopoulos that discussions over whether the president should sit for an interview with Mueller are "ongoing". The misdirection came amid a series of searing tweets sent from Trump's New Jersey golf club. "They can also cause War!"

In a video clip, Dr Mahathir also said that if there were any parties who claimed that the yacht belonged to them, they must show proof.

"The vessel would be docked in Batam, waiting for further instructions from Jakarta on when it would be handed over to the Malaysian authorities", the source said.

The source added that Najib will arrive at the MACC office at 5pm to give his "caution statement" as the accused before his session tomorrow morning.

Malaysia's anti-graft agency has called on Najib Razak, the former premier who is embroiled in a graft scandal at state fund 1Malaysia Development Berhad (1MDB), to appear at its office on Tuesday.

Finance Minister Lim Guan Eng told reporters the government planned to take inventory of items one the yacht and open the vessel for public viewing, before eventually selling it "at the highest price". Malaysia's attorney-general welcomed the boat being turned over, and said that "sensitive and delicate negotiations" had taken place between Malaysia, Indonesia and the USA to ensure it happened. Cynthia Gabriel, a member of an official team set up to recover assets allegedly bought with stolen 1MDB money, said that the Equanimity being handed over to Malaysia was "very significant".

Related:

Comments

Latest news

Tesla Inc: Elon Musk says he's considering taking car-maker private
He added that in the future, when Tesla reached a "phase of slower, more predictable growth", the firm could go public again. " Funding secured ." The news sent Tesla's share price surging more than 7 per cent before trading was briefly halted .

LeBron James adds Showtime doc to his small-screen portfolio
And it may have forced the first lady's hand, given that community service is at the center of her "Be Best" campaign. Trump blasted James late Friday after an interview aired with CNN anchor Don Lemon in which he deemed Trump divisive.

England hope Curran can carry-on against India
I think we will have terrific crowds this summer because India have a good following and English supporters usually come as well. Kohli probably saw an opportunity there but missed one that cut in off the seam and was caught plumb in front.

Android 9 Pie Is Now Official, Google Pixel Update Starts Today
This fall, Google will also roll out a feature called Slices , which will show relevant info from your apps when you want it. A search for a ride-hailing app, for example, will give the user price and travel time estimates, Google said.

The Facts of Life Star Charlotte Rae Dead at 92
It was there that Broadway producers discovered her, leading to her first Broadway musical, Three Wishes for Jamie , in 1952. Rae died at her home in Los Angeles on Sunday afternoon surrounded by her family, her manager Paul Hilepo wrote in an email.

PUBG, Mission: Impossible Fallout team up to shower you with goodies
Get ready to get your stealth on because Mission: Impossible - Fallout is crashing the world of victor , winner chicken dinners. The romance drama, led by Chloe Grace Moretz, took in US$53,000 when it opened on two screens for a solid average of US$26,500.

Samsung Galaxy Note 9 to come with headphone jack
The video shows a dual rear camera setup with a fingerprint scanner underneath, as suggested by earlier leaks. The company has also posted a very brief teaser ad through the Samsung Mobile News Twitter account.

Demi Lovato Will Go to Rehab After She's Released from Hospital
A source said: " Demi has been in the hospital for over a week because she needed to be monitored by a medical professional". Although, she was suffering from fever and also there were signs of an infection. "It's her choice to go to rehab".

Global Oil Production Raises As Saudi Arabia Pumps More
US President Donald Trump's decision to pull out of an worldwide nuclear deal and reimpose sanctions on Iran has angered Tehran. Overall US crude oil inventories actually rose by 3.8-million barrels last week to 408.74-million barrels, the EIA data showed.

Hundreds evacuated in Virginia after dam overflows
Hundreds of people have been evacuated in Virginia after a National Weather Service (NWS ) warning sparked fears of a dam burst. Friday and the weather service warned residents in low-lying areas north of the dam to move to higher ground immediately.

Brian Urlacher puts on gold Hall of Fame jacket for first time
The camera showed Cris Carter, a mentor for Moss in his early days in Minnesota and a fellow Hall of Famer. None of his former National Football League teammates could be seen in the crowd.

Europe swelters in record heatwave
Sweden and Poland have warned against swimming in the Baltic Sea due to a huge bloom of toxic algae caused by hot temperatures. Portugal and Spain endured scorching sunshine on a day which seriously threatened to break a 30-year European heat record.

Aeromexico plane crashes in north-central Mexico with no fatalities
The civil defence office of Durango state said the plane landed in a field near the airport for the state capital. Dozens of lightly injured passengers were seen leaving the plane, which was engulfed in gray smoke in a field.

Home Grown Alex Iwobi Commits Future to Arsenal With New 'Long-Term' Contract
On the global stage, Iwobi is a key player in Coach Gernot Rohr's Super Eagles team, with six goals in 20 games for the Eagles. Iwobi has made 98 appearances for the Gunners with nine goals.

Pep Guardiola sends message to new Chelsea FC boss Maurizio Sarri
Where is Chelsea vs Manchester City Community Shield match played? "Nobody put a gun to his head and said, 'You have to'". Each person is always different than the other. "But in this moment of the season it's very important, the performance".

Other news