Former Malaysian Prime Minister Najib Razak, Released on Bail

On Friday according to local media reports Former Malaysian Prime Minister Najib Razak, who was arrested under an anti-corruption probe, was released on bail.

Anti-Corruption Commission ‘MACC’, Razak was arrested over a corruption scandal about the Malaysian state fund 1Malaysia Development Berhad ‘1MDB’, according to the Malaysian. Razak paid 1 million Malaysian ringgits ‘around $242,000’, part of the 3.5 million ringgits ‘around $846,000’ of bail imposed on him by the Sessions Court in Kuala Lumpur.

The former prime minister had appeared before the court for the first time, in July, where he pleaded not guilty and was released on bail.

The scandal has triggered probes and investigations in multiple locations around the globe, including the U.S. and Switzerland. Singapore’s investigations, which began in 2015, have resulted in the seizure of bank accounts. The Monetary Authority of Singapore ordered Falcon Private Bank to stop operations in Singapore last October.

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