Malaysia 1MDB scandal: Ex-PM Najib Razak arrested

A total of 408 bank accounts suspected to be linked to financial improprieties involving the 1Malaysia Development Berhad corruption scandal have been frozen

A total of 408 bank accounts suspected to be linked to financial improprieties involving the 1Malaysia Development Berhad corruption scandal have been frozen

Red Granite agreed in March to pay the U.S. government $60m to settle claims it benefited from the 1MDB scandal.

A news portal reported yesterday that Riza was required to assist in the investigation over the alleged use of hundreds of millions of ringgit belonging to 1MDB to produce a Hollywood film.

Malaysian investigators are set to question the producer of "The Wolf of Wall Street" as they step up efforts to recoup funds potentially lost through 1MDB.

Malaysia's 1MDB task force is moving quickly to map the extent of wrongdoing at the troubled state fund, freezing more than 400 bank accounts involving 1.1 billion ringgit ($272 million) and issuing arrest warrants, including for Riza's friend Low Taek Jho.

The former leader is being investigated over allegations that billions of dollars were looted from 1MDB, a state fund he founded.

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The US Department of Justice (DoJ) had claimed that Riza's company, which produced the Oscar-nominated "The Wolf of Wall Street", received money misappropriated from 1MDB.

The accounts frozen were linked to 81 individuals and 55 companies believed to have received funds from 1MDB, the task force said in a statement.

Alleged corruption at the 1MDB fund helped bring on the unexpected defeat of Najib's coalition in the May 9 polls. On Monday it grilled his former deputy Ahmad Zahid Hamidi.

SHAH ALAM, July 3 ― Police will question former prime minister Datuk Seri Najib Razak before taking any enforcement action over the 1Malaysia Development Berhad (1MDB) probe, said Inspector-General of Police Tan Sri Mohamad Fuzi Harun. That's why it took a while.

Meanwhile, Ahmad Zahid said he would be making another appearance at the agency's headquarters here tomorrow for questioning on the foundation, which he revealed was Yayasan Akal Budi.

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