Calls for PM’s res­ig­na­tion over 1MDB scandal

Daily Trust - - BUSINESS -

Pres­sure is mount­ing on Malaysian Prime Min­is­ter Na­jib Razak af­ter calls for his res­ig­na­tion over al­le­ga­tions that $1bn was si­phoned from Malaysia’s state-owned 1MDB in­vest­ment fund to pur­chase lux­ury prop­er­ties, works of art and a busi­ness jet.

Law­suits were filed on Wed­nes­day in Cal­i­for­nia by the US Jus­tice Depart­ment to seize as­sets “in­volved in and trace­able to an in­ter­na­tional con­spir­acy to laun­der money mis­ap­pro­pri­ated from 1MDB” over a four-year pe­riod.

Among the as­sets pur­chased were works of art val­ued at $137 mil­lion, in­clud­ing a $35 mil­lion paint­ing by Claude Monet, US At­tor­ney and Cal­i­for­nia Chief Pros­e­cu­tor Eileen Decker said.

“I sug­gest the peo­ple push for a ref­er­en­dum on the prime min­is­ter’s lead­er­ship,” Malaysia’s for­mer Prime Min­is­ter Ma­hathir Mo­hamad said on Thurs­day.

Malaysians should have a “peace­ful rally” to de­mand Na­jib’s re­moval from of­fice over the af­fair, he said.

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