Former Malaysian Prime Minister Datuk Seri Najib Razak (Photo: VNA)
 
Kuala Lumpur (VNA) – The Malaysian Anti-Corruption Commission (MACC) has launched legal action against 41 individuals and organisations to recover about 65 million USD stolen from scandal-hit state fund 1MDB.

MACC leader Latheefa Koya said the suit was filed at the Kuala Lumpur High Court on June 19 under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

The money disbursed to these recipients and entities all came from a personal bank account of former Prime Minister Datuk Seri Najib Razak, who was under investigation for charges of corruption and position abuse.

Among the organisations targeted are branches of the United Malays National
Organisation (UMNO), which was once headed by Najib, and other parties linked to UMNO and several businesses.

The 1MDB was founded by Nazib in 2009 with an aim for socio-economic development. Malaysian and US investigators believe that the fund has looted about 4.5 billion USD, about 1 billion USD of which was sent to the former Malaysian PM’s personal bank account.

Corruption charge in the scandal contributed to Nazib’s losing power at the general election on May 9, 2018. At least six countries are investigating the scandal.-VNA