Malaysia's former deputy PM detained for alleged graft

PUTRAJAYA, Malaysia — Malaysia's anti-graft agency said Thursday it has detained former Deputy Prime Minister Ahmad Zahid Hamidi in a case linked to misappropriation of funds in a welfare group.

Zahid, who now heads the opposition Malay party, is the latest notable person after former Prime Minister Najib Razak and his wife to face graft charges following the shocking ouster of their coalition in May general elections.

The anti-graft agency said Zahid was detained at its office shortly after he was summoned as part of its probe into abuse of power, criminal breach of trust and money laundering at a welfare group. It said in a statement that Zahid will be taken to court on Friday to face several charges under anti-corruption and anti-money laundering laws.

The agency didn't give further details, but it has questioned Zahid several times over allegations that funds in his family-run welfare group were used to pay credit card bills belonging to him and his wife. He has reportedly said his officer mistakenly used the foundation's money to settle the bills.

His daughter, Nurulhidayah Ahmad Zahid, called for prayers for the family and said her father was a "target of cruel injustice" under the new government.

Zahid took over from Najib as president of the United Malays National Organization, or UMNO, the linchpin of the ruling coalition that was ousted in May 9 national polls for the first time since independence from Britain in 1957. The coalition has since broken up but UMNO still holds about a fifth of the parliamentary seats.

Najib and his wife, Rosmah Mansor, have been charged with multiple counts of corruption and money laundering linked to the multibillion-dollar looting of the 1MDB state investment fund that led to his coalition's shock loss. The fund, set up by Najib, is being investigated in the U.S. and several other countries. They have both denied any wrongdoing and Najib's trial is to start next year.

Some UMNO leaders urged party members to rally behind Zahid. Senior UMNO official Jalaluddin Alias slammed the planned charges against him as a political vendetta to humiliate the party and paint Zahid as an untrustworthy and unqualified leader.

You may also like these

Amazon to block Australians from global websites...

Jun 1, 2018

Amazon will block Australians from buying from its international e-commerce websites and restrict...

Australian Senate delivers $106 billion in income...

Jun 21, 2018

Australia's prime minister has won a political victory with the Senate passing personal income tax...

Usain Bolt to make run at pro soccer in Australia

Jul 17, 2018

Trading spikes for boots, Usain Bolt ready to make run at pro soccer in Australia

Australian gov't offers balanced budget just...

Apr 2, 2019

Australia's treasurer says he will unveil the government's first balanced annual budget plan in a...

Australian election May 18 to be fought on...

Apr 11, 2019

Australia's prime minister calls a May 18 election that will be fought on issues including climate...

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!