e tide continues to turn for Malaysia's ousted leader, Najib Razak. His near decade in power ended with a shock election defeat two weeks ago. On Thursday, Najib began his second day at Malaysia's anti-graft agency, explaining why $10 million was transferred into his bank account. It's only a fraction of the billions of dollars that went missing from 1MDB, a state fund he founded.
Six countries are investigating 1MDB, including the United States. Najib denies any wrongdoing. However, the scandal is a key reason voters dumped him in the election for 92-year-old, Mahathir Mohamad. Mahathir came out of retirement to join the opposition, convinced his one-time protege, Najib, was corrupt. The new leader wasted no time in reopening an investigation into 1MDB.
Earlier this week, the head of the anti-graft agency described what it was like trying to look into the fund while Najib was still in power.>>
> Our witnesses went missing. Some who were interviewed were instead taken by different authorities and questioned over what they had said.
I was threatened with being fired, taking early leave, and being transferred to the training department.>> Mahathir has declared more wrongdoing occurred at 1MDB than was publicly known. Among other rapid-fire developments this week, Mahathir accused Najib of understating Malaysia's national debt. Two sources also told Reuters Najib's government used funds from a central bank deal and Malaysia's sovereign wealth fund to pay for some of 1MDB's liabilities.
Those dues were owed to a fund in Abu Dhabi after 1MDB defaulted on its bonds. And last week, police officers raided several locations linked to Najib, including his home. Seizing everything from cash, jewelry, and designer handbags estimated to be worth millions of dollars.