Malaysia's Attorney-General hints at more charges relating to 1MDB

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Former Malaysian prime minister Najib Razak has been charged with three counts of criminal breach of trust and one count of using his position for gratification as part of a probe into missing money from state fund 1MDB.

Najib thwarted corruption allegations for three years after revelations in 2015 that hundreds of millions of dollars from troubled state fund 1MDB were diverted to his personal accounts.

Nonetheless, the High Court subsequently lowered the bail amount to RM1 million and allowed Najib to pay half of the sum on Wednesday, with the balance to be settled by 3pm next Monday (Jul 9), reported Free Malaysia Today.

SRC has been the initial focus of Malaysian investigators as all the suspicious transactions involving it went through Malaysian entities, unlike other 1MDB-related transactions that went through foreign banks and companies.

Apandi had then said he had also found Najib committed no wrongdoing over the RM42 million deposited by SRC International into Najib's bank account.

Najib's arrest comes almost two months after his coalition's stunning rejection by voters in a May 9 general election.

But as the newspaper notes, "a surprising election defeat in May stripped Mr. Najib of his ability to block investigations in Malaysia into what global prosecutors allege is one of the largest financial frauds of all time".

In the case of Najib, he was not remanded but was instead held overnight on Tuesday and immediately charged on Wednesday.

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A day before his arrest, Najib repeated his claim that another mysterious $680 million was a donation from a member of the Saudi royal family.

Najib, who spent the night in lockup, arrived at 8.20 a.m. (0020 GMT) at the court complex in Malaysia's capital of Kuala Lumpur, wearing a dark blue suit and a red tie.

Bernama news agency, quoting a source, said Mr Najib is expected to face more than 10 counts of committing criminal breach of trust linked to the SRC International Sdn Bhd case.

Najib, 64, has accused Malaysia's new government of seeking "political vengeance".

READ ALSO: Attorney general on Najib corruption trial: Can we have this in English, please? It was the first defeat for the Barisan Nasional coalition that governed the Southeast Asian nation since its independence from colonial rule in 1957.

When asked about the commotion at the court lobby as he was about to talk to reporters, Thomas said he was surprised as he was only expecting to answer questions from the media.

The AG was supposed to brief the media after the the bail agreements for Najib were settled, but was disturbed by the noise caused by the commotion, demanding him to speak in Malay.

Luxury goods such as a 6.4 million ringgit diamond necklace and more than 200 sunglasses valued at 374,000 ringgit were taken from five residences and an office linked to Najib, Amar Singh, commercial crime investigation department director at the police, told reporters.

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